Bill Seeks United States Coast Guard Commemorative Coins | Silver Coins

Bill Seeks United States Coast Guard Commemorative Coins

On August 1, 2013, Rep. Joe Courtney introduced a bill in the House of Representatives which seeks to require the Secretary of the Treasury to mint and issued coins in commemoration of the United States Coast Guard. Surcharges raised from the sale of coins would help to finance the National Coast Guard Museum to be situated in New London, Connecticut.

The United States Coast Guard was founded on August four, 1790 as the Income Cutter Service. The Coast Guard was designed on January 28, 1915 by merging the Revenue Cutter Service and the United States Lifesaving Service. On February 25, 2003, the Coast Guard became part of the Division of Homeland Security. The Coast Guard is the smallest of the uniformed services, with an estimated 42,300 men and females on active duty.

The bill H.R. 2932 seeks to authorize the minting and issuance of up to one hundred,000 $ five gold coins, up to 500,000 silver dollars,and up to 750,000 clad composition half dollars, which will carry styles emblematic of the traditions, history, and heritage of the United States Coast Guard and its function in securing the nation given that 1790.

The legislation additional specifies that the coins shall include motifs that especially honor specifically honor the American Coast Guardsman of both right now and yesterday, in wartime and in peace, with such styles to be consistent with the traditions and heritage of the United States Coast Guard, the mission and ambitions of the National Coast Guard Museum, and the missions and ambitions of the National Coast Guard Museum Foundation.

The coins would be issued in both uncirculated and proof qualities for the duration of the 1-year period starting on January 1, 2017. The sales price tag of the coins would be equal to the sum of the face value of the coins, the specified surcharge, and the expense of designing and issuing the coins.

Surcharges are indicated as $ 35 for every gold coin, $ 10 for every silver dollar, and $ five for each and every half dollar. The bill specifies that the surcharges shall be distributed to the National Coast Guard Museum Foundation to aid finance its design, construction, operations, and maintenance.

The bill presently has 26 cosponsors and has been referred to the Residence Committee on Monetary Services. In order to turn into law, it must be approved by the House of Representatives and Senate, then signed by the President.

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