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Army Commemorative Coin Act signed
Hello
On the story below. You will find the final version of the bill (H.R.5714), below the story. It is the version that President George W. Bush just signed into law. ---------------------------------------------------- FROM: http://www.insidenova.com/isn/news/p..._signed/27286/ Inside Nova Dot Com Monday, January 5, 2009 Army Commemorative Coin Act signed By NICK RHINEHART Army News Service Published: January 5, 2009 President George W. Bush has signed into law the "United States Army Commemorative Coin Act of 2008," authorizing the creation of a series of commemorative coins to recognize and celebrate the establishment of the United States Army in 1775, and to honor the service and sacrifice of American soldiers of both past and present, in wartime and in peace. These will be the first U.S. coins ever issued to celebrate and honor the Army and its 234-year heritage. The U.S. Mint will work on six coin designs, front and back with the Army Historical Foundation. Coins will be minted and sold during 2011 and come in a $5 gold piece, a silver dollar and a copper-clad half dollar. An estimated $10-$12 million of the sales revenues will help fund the National Museum of the United States Army slated for construction at Fort Belvoir. "The Commemorative Coin Act will help raise the revenue needed to build a museum dedicated to the men and women who have for so long protected the sovereignty and freedom of our country," said Senator James M. Inhofe of Oklahoma. "The museum will serve to commemorate the enormous sacrifice of our soldiers and will be a symbol of the Army's dedication to the fight for freedom." Designated in 2000 as the Army's primary partner in building the museum, the Army Historical Foundation led the drive to establish the Army Commemorative Coins. "Passage of the commemorative coin legislation has been the only legislative priority of the Army Historical Foundation over the past twelve months, and we are very pleased to announce the success of this initiative," said retired Brig. Gen. Creighton W. Abrams AHF executive director. "These coins will be beautiful mementos of past service for veterans, and will make appropriate gifts for retired veterans and currently serving soldiers alike," Nick Rhinehart writes for the Army Historical Foundation. --------------------------------------------------------- --------------------------------------------------------- --------------------------------------------------------- FROM: The Library Of Congress - Thomas H.R.5714 One Hundred Tenth Congress of the United States of America AT THE SECOND SESSION Begun and held at the City of Washington on Thursday, the third day of January, two thousand and eight. An Act To require the Secretary of the Treasury to mint coins in recognition and celebration of the establishment of the United States Army in 1775, to honor the American soldier of both today and yesterday, in wartime and in peace, and to commemorate the traditions, history, and heritage of the United States Army and its role in American society, from the Colonial period to today. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the `United States Army Commemorative Coin Act of 2008'. SEC. 2. FINDINGS. The Congress finds that-- (1) the United States Army, founded in 1775, has served this country well for over 230 years; (2) the United States Army has played a decisive role in protecting and defending freedom throughout the history of the United States, from the Colonial period to today, in wartime and in peace, and has consistently answered the call to serve the American people at home and abroad since the Revolutionary War; (3) the sacrifice of the American soldier, of all ranks, since the earliest days of the Republic has been immense and is deserving of the unique recognition bestowed by commemorative coinage; (4) the Army, the Nation's oldest and largest military service, is the only service branch that currently does not have a comprehensive national museum celebrating, preserving, and displaying its heritage and honoring its veterans; (5) the National Museum of the United States Army will be-- (A) the Army's only service-wide, national museum honoring all soldiers, of all ranks, in all branches since 1775; and (B) located at Fort Belvoir, Virginia, across the Potomac River from the Nation's Capitol, a 10-minute drive from Mount Vernon, the home of the Army's first Commander-in-Chief, and astride the Civil War's decisive Washington-Richmond corridor; (6) the Army Historical Foundation (hereafter in this Act referred to as the `Foundation'), founded in 1983-- (A) is dedicated to preserving the history and heritage of the American soldier; and (B) seeks to educate future Americans to fully appreciate the sacrifices that generations of American soldiers have made to safeguard the freedoms of this Nation; (7) the completion and opening to the public of the National Museum of the United States Army will immeasurably help in fulfilling that mission; (8) the Foundation is a nongovernmental, member-based, and publicly supported nonprofit organization that is dependent on funds from members, donations, and grants for support; (9) the Foundation uses such support to help create the National Museum of the United States Army, refurbish historical Army buildings, acquire and conserve Army historical art and artifacts, support Army history educational programs, for research, and publication of historical materials on the American soldier, and to provide support and counsel to private and governmental organizations committed to the same goals as the Foundation; (10) in 2000, the Secretary of the Army designated the Foundation as its primary partner in the building of the National Museum of the United States Army; and (11) the Foundation is actively engaged in executing a major capital campaign to support the National Museum of the United States Army. SEC. 3. COIN SPECIFICATIONS. (a) Denominations- In recognition and celebration of the founding of the United States Army in 1775, and notwithstanding any other provision of law, the Secretary of the Treasury (hereafter in this Act referred to as the `Secretary') shall mint and issue the following coins: (1) $5 GOLD COINS- Not more than 100,000 $5 coins, which shall-- (A) weigh 8.359 grams; (B) have a diameter of 0.850 inches; and (C) contain 90 percent gold and 10 percent alloy. (2) $1 SILVER COINS- Not more than 500,000 $1 coins, which shall-- (A) weigh 26.73 grams; (B) have a diameter of 1.500 inches; and (C) contain 90 percent silver and 10 percent copper. (3) HALF DOLLAR CLAD COINS- Not more than 750,000 half dollar coins, which shall-- (A) weigh 11.34 grams; (B) have a diameter of 1.205 inches; and (C) be minted to the specifications for half dollar coins, contained in section 5112(b) of title 31, United States Code. (b) Legal Tender- The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code. (c) Numismatic Items- For purposes of sections 5134 and 5136 of title 31, United States Code, all coins minted under this Act shall be considered to be numismatic items. SEC. 4. DESIGN OF COINS. (a) Design Requirements- (1) IN GENERAL- The design of the coins minted under this Act shall be emblematic of the traditions, history, and heritage of the United States Army, and its role in American society from the Colonial period to today. (2) DESIGNATIONS AND INSCRIPTIONS- On each coin minted under this Act, there shall be-- (A) a designation of the value of the coin; (B) an inscription of the year `2011'; and (C) inscriptions of the words `Liberty', `In God We Trust', `United States of America', and `E Pluribus Unum'. (b) Selection- The design for the coins minted under this Act shall-- (1) contain motifs that specifically honor the American soldier of both today and yesterday, in wartime and in peace, such designs to be consistent with the traditions and heritage of the United States Army, the mission and goals of the National Museum of the United States Army, and the missions and goals of the Foundation; (2) be selected by the Secretary, after consultation with the Secretary of the Army, the Foundation, and the Commission of Fine Arts; and (3) be reviewed by the Citizens Coinage Advisory Committee. SEC. 5. ISSUANCE OF COINS. (a) Quality of Coins- Coins minted under this Act shall be issued in uncirculated and proof qualities. (b) Mint Facilities- For each of the 3 coins minted under this Act, at least 1 facility of the United States Mint shall be used to strike proof quality coins, while at least 1 other such facility shall be used to strike the uncirculated quality coins. (c) Period for Issuance- The Secretary may issue coins minted under this Act only during the 1-year period beginning on January 1, 2011. SEC. 6. SALE OF COINS. (a) Sale Price- The coins issued under this Act shall be sold by the Secretary at a price equal to the sum of-- (1) the face value of the coins; (2) the surcharge provided in section 7(a) with respect to such coins; and (3) the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping). (b) Bulk Sales- The Secretary shall make bulk sales of the coins issued under this Act at a reasonable discount. (c) Prepaid Orders- (1) IN GENERAL- The Secretary shall accept prepaid orders for the coins minted under this Act before the issuance of such coins. (2) DISCOUNT- Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount. SEC. 7. SURCHARGES. (a) In General- All sales of coins minted under this Act shall include a surcharge as follows: (1) A surcharge of $35 per coin for the $5 coin. (2) A surcharge of $10 per coin for the $1 coin. (3) A surcharge of $5 per coin for the half dollar coin. (b) Distribution- Subject to section 5134(f) of title 31, United States Code, all surcharges received by the Secretary from the sale of coins issued under this Act shall be promptly paid by the Secretary to the Foundation to help finance the National Museum of the United States Army. (c) Audits- The Foundation shall be subject to the audit requirements of section 5134(f)(2) of title 31, United States Code, with regard to the amounts received by the Foundation under subsection (b). (d) Limitation- Notwithstanding subsection (a), no surcharge may be included with respect to the issuance under this Act of any coin during a calendar year if, as of the time of such issuance, the issuance of such coin would result in the number of commemorative coin programs issued during such year to exceed the annual 2 commemorative coin program issuance limitation under section 5112(m)(1) of title 31, United States Code (as in effect on the date of the enactment of this Act). The Secretary of the Treasury may issue guidance to carry out this subsection. Speaker of the House of Representatives. Vice President of the United States and President of the Senate. END ... |
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Army Commemorative Coin Act signed
"Arizona Coin Collector" wrote in message ... Hello On the story below. You will find the final version of the bill (H.R.5714), below the story. It is the version that President George W. Bush just signed into law. ---------------------------------------------------- FROM: http://www.insidenova.com/isn/news/p..._signed/27286/ Inside Nova Dot Com Monday, January 5, 2009 Army Commemorative Coin Act signed A worthy undertaking but we all would be better served if they did this by minting commemorative medals rather than continuing to mongrelize our circulating coinage. |
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Army Commemorative Coin Act signed
On Mon, 05 Jan 2009 22:24:35 GMT, "mazorj" wrote:
"Arizona Coin Collector" wrote in message ... Hello On the story below. You will find the final version of the bill (H.R.5714), below the story. It is the version that President George W. Bush just signed into law. ---------------------------------------------------- FROM: http://www.insidenova.com/isn/news/p..._signed/27286/ Inside Nova Dot Com Monday, January 5, 2009 Army Commemorative Coin Act signed A worthy undertaking but we all would be better served if they did this by minting commemorative medals rather than continuing to mongrelize our circulating coinage. They've already done medals for the military bicentennials: http://catalog.usmint.gov/webapp/wcs...category=10195 |
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Army Commemorative Coin Act signed
"Jon Purkey" wrote in message ... On Mon, 05 Jan 2009 22:24:35 GMT, "mazorj" wrote: "Arizona Coin Collector" wrote in message ... Hello On the story below. You will find the final version of the bill (H.R.5714), below the story. It is the version that President George W. Bush just signed into law. ---------------------------------------------------- FROM: http://www.insidenova.com/isn/news/p..._signed/27286/ Inside Nova Dot Com Monday, January 5, 2009 Army Commemorative Coin Act signed A worthy undertaking but we all would be better served if they did this by minting commemorative medals rather than continuing to mongrelize our circulating coinage. They've already done medals for the military bicentennials: http://catalog.usmint.gov/webapp/wcs...category=10195 Right. I gave the Coast Guard one as a token gift to my neighbor, who is relatively high up in the command. You'd think I had given him an 1804 silver dollar the way he reacted with appreciation. There's no reason why all such military commemoratives can't be channeled into medals rather than coins. Or stamps - the USPO enshrines everything from cartoons to entertainers to minor public service celebrities on its stamp issues. A few more for the military would hardly strain their output. Around and around she goes... whatever coin the Army gets, you can be sure that the other services won't rest until they get their own versions. At the least, If you must have a coin recognizing the armed services, roll them all together into one issue. |
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Army Commemorative Coin Act signed
"mazorj" wrote in message ... "Jon Purkey" wrote in message ... On Mon, 05 Jan 2009 22:24:35 GMT, "mazorj" wrote: "Arizona Coin Collector" wrote in message ... Hello On the story below. You will find the final version of the bill (H.R.5714), below the story. It is the version that President George W. Bush just signed into law. ---------------------------------------------------- FROM: http://www.insidenova.com/isn/news/p..._signed/27286/ Inside Nova Dot Com Monday, January 5, 2009 Army Commemorative Coin Act signed A worthy undertaking but we all would be better served if they did this by minting commemorative medals rather than continuing to mongrelize our circulating coinage. They've already done medals for the military bicentennials: http://catalog.usmint.gov/webapp/wcs...category=10195 Right. I gave the Coast Guard one as a token gift to my neighbor, who is relatively high up in the command. You'd think I had given him an 1804 silver dollar the way he reacted with appreciation. There's no reason why all such military commemoratives can't be channeled into medals rather than coins. Or stamps - the USPO enshrines everything from cartoons to entertainers to minor public service celebrities on its stamp issues. A few more for the military would hardly strain their output. Around and around she goes... whatever coin the Army gets, you can be sure that the other services won't rest until they get their own versions. At the least, If you must have a coin recognizing the armed services, roll them all together into one issue. The 2002 West Point Military Academy commemorative $1 was supposed to be a sure fire barn-burner, what with all the Army soldiers and vets out there. Whatever excitement there was may have lasted a month or two and then the coin quietly took a place among the rest of its commem siblings as things only coin collectors might be interested in. Ditto with the more recent Marine Corps 230th Anniversary piece. The only way to keep subjects like these in peoples' minds is to produce a circulating coin with the subject featured on it. Otherwise, potential non-collector buyers won't even know a commemorative coin exists. |
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