IN THE SENATE OF THE UNITED STATES
January 26, 2012
Mrs. Gillibrand (for herself, Mr. Durbin, Mr. Chambliss, Mr. Isakson, and Mr. Schumer) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To require the Secretary of the Treasury to mint coins in recognition and celebration of the National Baseball Hall of Fame.
This Act may be cited as the
National Baseball Hall of Fame
Commemorative Coin Act.
Congress finds the following:
On June 12, 1939, the National Baseball Hall of Fame and Museum opened in Cooperstown, New York. Ty Cobb, Walter Johnson, Christy Mathewson, Babe Ruth, and Honus Wagner comprised the inaugural class of inductees. This class set the standard for all future inductees. Since 1939, just one percent of all Major League Baseball players have earned induction into the National Baseball Hall of Fame.
The National Baseball Hall of Fame and Museum is dedicated to preserving history, honoring excellence, and connecting generations through the rich history of our national pastime. Baseball has mirrored our Nation’s history since the Civil War, and is now an integral part of our Nation’s heritage.
The National Baseball Hall of Fame and Museum chronicles the history of our national pastime and houses the world’s largest collection of baseball artifacts, including more than 38,000 three dimensional artifacts, 3,000,000 documents, 500,000 photographs, and 12,000 hours of recorded media. This collection ensures that baseball history and its unique connection to American history will be preserved and recounted for future generations.
Since its opening in 1939, more than 14,000,000 baseball fans have visited the National Baseball Hall of Fame and Museum to learn about the history of our national pastime and the game’s connection to the American experience.
The National Baseball Hall of Fame and Museum is an educational institution, reaching 10,000,000 Americans annually. Utilizing video conference technology, students and teachers participate in interactive lessons led by educators from the National Baseball Hall of Fame Museum. These award-winning educational programs draw upon the wonders of baseball to reach students in classrooms nationwide. Each educational program uses baseball as a lens for teaching young Americans important lessons on an array of topics, including mathematics, geography, civil rights, women’s history, economics, industrial technology, arts, and communication.
In recognition and celebration of the National Baseball Hall of Fame, the Secretary of the Treasury (hereafter in this Act referred to as the Secretary) shall mint and issue the following coins:
$5 Gold coins
Not more than 50,000 $5 coins, which shall—
weigh 8.359 grams;
have diameter of 0.850 inches; and
contain 90 percent gold and 10 percent alloy.
$1 Silver coins
Not more than 400,000 $1 coins, which shall—
weigh 26.73 grams;
have a diameter of 1.500 inches; and
contain 90 percent silver and 10 percent copper.
Half-dollar clad coins
Not more than 750,000 half-dollar coins which shall—
weigh 11.34 grams;
have a diameter of 1.205 inches; and
be minted to the specifications for half-dollar coins contained in section 5112(b) of title 31, United States Code.
The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code.
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.
Sense of Congress
It is the sense of Congress that, to the extent possible without significantly adding to the purchase price of the coins, the $1 coins and $5 coins minted under this Act should be produced in a fashion similar to the 2009 International Year of Astronomy coins issued by Monnaie de Paris, the French Mint, so that the reverse of the coin is convex to more closely resemble a baseball and the obverse concave, providing a more dramatic display of the obverse design chosen pursuant to section 4(c).
Design of coins
The design of the coins minted under this Act shall be emblematic of the game of baseball.
Designations and inscriptions
On each coin minted under this Act there shall be—
a designation of the value of the coin;
an inscription of
In God We Trust,
States of America, and
E Pluribus Unum.
The design for the coins minted under this Act shall be—
selected by the Secretary after consultation with the National Baseball Hall of Fame and the Commission of Fine Arts and in accordance with subparagraph (c); and
reviewed by the Citizens Coinage Advisory Committee.
Obverse Design Competition
The Secretary shall hold a competition and provide compensation for its winner to design the common obverse of the coins minted under this Act, with such design being emblematic of the game of baseball. The competition shall be held in the following manner:
The competition shall be judged by an expert jury chaired by the Secretary and consisting of 3 members from the Citizens Coinage Advisory Committee who shall be elected by such Committee and 3 members from the Commission of Fine Arts who shall be elected by such Commission.
The Secretary shall determine compensation for the winning design, which shall be not less than $5,000.
The Secretary may not accept a design for the competition unless a plaster model accompanies the design.
The design on the common reverse of the coins minted under this Act shall depict a baseball similar to those used by Major League Baseball.
Issuance of coins
Quality of Coins
Coins minted under this Act shall be issued in uncirculated and proof qualities.
Period for Issuance
The Secretary may issue coins minted under this Act only during the 1-year period beginning on January 1, 2015.
Sale of coins
The coins issued under this Act shall be sold by the Secretary at a price equal to the sum of—
the face value of the coins;
the surcharge provided in section 7(a) with respect to such coins; and
the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).
The Secretary shall make bulk sales of the coins issued under this Act at a reasonable discount.
The Secretary shall accept prepaid orders for the coins minted under this Act before the issuance of such coins.
Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount.
All sales of coins minted under this Act shall include a surcharge as follows:
A surcharge of $35 per coin for the $5 coin.
A surcharge of $10 per coin for the $1 coin.
A surcharge of $5 per coin for the half-dollar coin.
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 National Baseball Hall of Fame to help finance its operations.
The National Baseball Hall of Fame shall be subject to the audit requirements of section 5134(f)(2) of title 31, United States Code, with regard to the amounts received under subsection (b).
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 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.
The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation for this Act, submitted for printing in the Congressional Record by the Chairman of the Committee on the Budget of the House of Representatives, provided that such statement has been submitted prior to the vote on passage.