I 

114TH CONGRESS 

2D SESSION H. R. 4592 

To require the Secretary of the Treasury to mint coins in recognition of 

the 60th Anniversary of the Naismith Memorial Basketball Hall of Fame. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 23, 2016 

Mr. NEAL (for himself and Mr. ROONEY of Florida) introduced the following 

bill; which was referred to the Committee on Financial Services 

A BILL 

To require the Secretary of the Treasury to mint coins 

in recognition of the 60th Anniversary of the Naismith 

Memorial Basketball Hall of Fame. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Naismith Memorial 

5 Basketball Hall of Fame Commemorative Coin Act’’. 

6 SEC. 2. FINDINGS. 

7 The Congress finds the following: 

8 (1) On December 21, 1891, a young physical 

9 education instructor named James Naismith introVerDate Sep 11 2014 03:31 Feb 24, 2016 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H4592.IH H4592

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1 duced the game of ‘‘basket ball’’ to his physical edu2 cation class in Springfield, Massachusetts. 

3 (2) In 1959, the Naismith Memorial Basketball 

4 Hall of Fame was founded and dedicated to the 

5 game’s creator Dr. James Naismith in Springfield, 

6 MA, ‘‘The Birthplace of Basketball’’ and became the 

7 first and only museum to honor the game at all lev8 els around the world. 

9 (3) The Naismith Memorial Basketball Hall of 

10 Fame honors players who have achieved greatness, 

11 exemplary coaches, referees, and other major con12 tributors to the sport of basketball. The Inaugural 

13 Hall of Fame Class of 1959 had seventeen honorees 

14 who were inducted, including Dr. James Naismith, 

15 George Mikan, Forrest C. Allen, Angelo Luisetti, 

16 Original Celtics, and First Team. 

17 (4) The Naismith Memorial Basketball Hall of 

18 Fame is recognized throughout the world as the pre19 mier institution entrusted with recording and dis20 seminating the history of the game of basketball and 

21 recognizing and honoring the achievements of its 

22 greatest players, coaches, and contributors. 

23 (5) The Naismith Memorial Basketball Hall of 

24 Fame provides an entertaining, enriching experience 

25 and is known for its educational outreach programs 


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1 and celebrates and promotes positive core values 

2 demonstrated by basketball’s hallowed heroes and its 

3 founder. 

4 (6) Basketball is one of America’s national 

5 treasures; with its fast pace which reflects the free6 dom of expression and the modern experience of life 

7 in the 21st century. 

8 (7) Since its opening in 1959, the Naismith 

9 Memorial Basketball Hall of Fame is home to the 

10 largest collection of basketball memorabilia in the 

11 world, including more than 30,000 three-dimensional 

12 objects, 800,000 photographs, and 1.5 million docu13 ments. 

14 (8) The Naismith Memorial Basketball Hall of 

15 Fame welcomes more than 6,000,000 visitors inter16 ested in discovering the rich history of the game 

17 through its stories, its personalities, and its most 

18 celebrated moments. 

19 (9) The Naismith Memorial Basketball Hall of 

20 Fame reaches over seven million Americans through 

21 its educational programs, events, exhibits, social 

22 media, and its interactive website. 

23 (10) The Naismith Memorial Basketball Hall of 

24 Fame’s customized educational programs use basket25 ball to teach young students around the world the 


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1 important lessons on a variety of topics including fi2 nancial literacy, mathematics, civil rights, leadership 

3 of character, women’s and men’s history, and geog4 raphy. 

5 (11) The Naismith Memorial Basketball Hall of 

6 Fame will lead the celebration of the 60th anniver7 sary of basketball and will partner with a select 

8 group of constituents including the National Basket9 ball Association, the National Collegiate Athletic As10 sociation, and USA Basketball in commemorating 

11 the game throughout the 2019–2020 basketball sea12 son. 

13 SEC. 3. COIN SPECIFICATIONS. 

14 (a) DENOMINATIONS.—In recognition and celebration 

15 of the Naismith Memorial Basketball Hall of Fame, the 

16 Secretary of the Treasury (hereafter in this Act referred 

17 to as the ‘‘Secretary’’) shall mint and issue the following 

18 coins: 

19 (1) $5 GOLD COINS.—Not more than 50,000 $5 

20 coins, which shall— 

21 (A) weigh 8.359 grams; 

22 (B) be struck on a planchet having a di23 ameter of 0.850 inches; and 

24 (C) contain 90 percent gold and 10 percent 

25 alloy. 


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1 (2) $1 SILVER COINS.—Not more than 400,000 

2 $1 coins, which shall— 

3 (A) weigh 26.73 grams; 

4 (B) be struck on a planchet having a di5 ameter of 1.500 inches; and 

6 (C) contain not less than 90 percent silver. 

7 (3) HALF-DOLLAR CLAD COINS.—Not more 

8 than 750,000 half-dollar coins which shall— 

9 (A) weigh 11.34 grams; 

10 (B) be struck on a planchet having a di11 ameter of 1.205 inches; and 

12 (C) be minted to the specifications for half13 dollar coins contained in section 5112(b) of title 

14 31, United States Code. 

15 (b) LEGAL TENDER.—The coins minted under this 

16 Act shall be legal tender, as provided in section 5103 of 

17 title 31, United States Code. 

18 (c) NUMISMATIC ITEMS.—For purposes of sections 

19 5134 and 5136 of title 31, United States Code, all coins 

20 minted under this Act shall be considered to be numis21 matic items. 

22 (d) DOME SHAPE.—The coins minted under this Act 

23 shall be in the shape of a dome. 


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1 SEC. 4. DESIGN OF COINS. 

2 (a) IN GENERAL.—The design for the coins minted 

3 under this Act shall be— 

4 (1) selected by the Secretary after consultation 

5 with the Commission of Fine Arts; and 

6 (2) reviewed by the Citizens Coinage Advisory 

7 Committee. 

8 (b) DESIGNATIONS AND INSCRIPTIONS.—On each 

9 coin minted under this Act there shall be— 

10 (1) a designation of the value of the coin; 

11 (2) an inscription of the year ‘‘2019’’; and 

12 (3) inscriptions of the words ‘‘Liberty’’, ‘‘In 

13 God We Trust’’, ‘‘United States of America’’, and 

14 ‘‘E Pluribus Unum’’. 

15 (c) SELECTION AND APPROVAL PROCESS FOR OB16 VERSE DESIGN.— 

17 (1) IN GENERAL.—The Secretary shall hold a 

18 competition to determine the design of the common 

19 obverse of the coins minted under this Act, with 

20 such design being emblematic of the game of basket21 ball. 

22 (2) SELECTION AND APPROVAL.—Proposals for 

23 the design of coins minted under this Act may be 

24 submitted in accordance with the design selection 

25 and approval process developed by the Secretary in 

26 the sole discretion of the Secretary. The Secretary 


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1 shall encourage 3-dimensional models to be sub2 mitted as part of the design proposals. 

3 (3) PROPOSALS.—As part of the competition 

4 described in this subsection, the Secretary may ac5 cept proposals from artists, engravers and other em6 ployees of the United States Mint, other Government 

7 employees, and members of the general public. 

8 (4) COMPENSATION.—The Secretary shall de9 termine compensation for the winning design under 

10 this subsection, which shall be not less than $5,000. 

11 The Secretary shall take into account this compensa12 tion amount when determining the sale price de13 scribed in section 6(a). 

14 (d) REVERSE DESIGN.—The design on the common 

15 reverse of the coins minted under this Act shall depict a 

16 basketball. 

17 SEC. 5. ISSUANCE OF COINS. 

18 (a) QUALITY OF COINS.—Coins minted under this 

19 Act shall be issued in uncirculated and proof qualities. 

20 (b) PERIOD FOR ISSUANCE.—The Secretary may 

21 issue coins minted under this Act only during the 1-year 

22 period beginning on January 1, 2019. 


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1 SEC. 6. SALE OF COINS. 

2 (a) SALE PRICE.—The coins issued under this Act 

3 shall be sold by the Secretary at a price equal to the sum 

4 of— 

5 (1) the face value of the coins; 

6 (2) the surcharge provided in section 7(a) with 

7 respect to such coins; and 

8 (3) the cost of designing and issuing the coins 

9 (including labor, materials, dies, use of machinery, 

10 winning design compensation, overhead expenses, 

11 marketing, and shipping). 

12 (b) BULK SALES.—The Secretary shall make bulk 

13 sales of the coins issued under this Act at a reasonable 

14 discount. 

15 (c) PREPAID ORDERS.— 

16 (1) IN GENERAL.—The Secretary shall accept 

17 prepaid orders for the coins minted under this Act 

18 before the issuance of such coins. 

19 (2) DISCOUNT.—Sale prices with respect to pre20 paid orders under paragraph (1) shall be at a rea21 sonable discount. 

22 SEC. 7. SURCHARGES. 

23 (a) IN GENERAL.—All sales of coins minted under 

24 this Act shall include a surcharge as follows: 

25 (1) A surcharge of $35 per coin for the $5 coin. 

26 (2) A surcharge of $10 per coin for the $1 coin. 


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1 (3) A surcharge of $5 per coin for the half-dol2 lar coin. 

3 (b) DISTRIBUTION.—Subject to section 5134(f) of 

4 title 31, United States Code, all surcharges received by 

5 the Secretary from the sale of coins issued under this Act 

6 shall be promptly paid by the Secretary to the Naismith 

7 Memorial Basketball Hall of Fame to fund an endowment 

8 that will enable the further operations of the Naismith Me9 morial Basketball Hall of Fame. 

10 (c) AUDITS.—The Naismith Memorial Basketball 

11 Hall of Fame shall be subject to the audit requirements 

12 of section 5134(f)(2) of title 31, United States Code, with 

13 regard to the amounts received under subsection (b). 

14 (d) LIMITATION.—Notwithstanding subsection (a), 

15 no surcharge may be included with respect to the issuance 

16 under this Act of any coin during a calendar year if, as 

17 of the time of such issuance, the issuance of such coin 

18 would result in the number of commemorative coin pro19 grams issued during such year to exceed the annual com20 memorative coin program issuance limitation under sec21 tion 5112(m)(1) of title 31, United States Code (as in ef22 fect on the date of the enactment of this Act). The Sec23 retary of the Treasury may issue guidance to carry out 

24 this subsection. 

Æ 


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