Integration of Baseball Commemorative Coin Act

Bill: 115-s-3239
Sponsor: full_name: Sen. Scott, Tim [R-SC]
Introduced: 2018-07-18
Policy area: Finance and Financial Sector
Latest action: action_date: 2018-07-18
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2018-07-18
action_desc: Introduced in Senate
text: <p><b>Integration of Baseball Commemorative Coin Act</b></p> <p>This bill directs the Department of the Treasury to mint and issue $5 gold coins, $1 silver coins, and half-dollar clad coins in recognition and celebration of the 75th anniversary of the integration of the game of baseball. </p> <p>All sales of such coins shall include specified surcharges. All surcharges received by Treasury shall be distributed to the National Baseball Hall of Fame, with the understanding that the Hall of Fame shall work with the Jackie Robinson Foundation to develop and operate education programs about the integration of the game of baseball and to preserve artifacts related to the integration of the game. </p>

tv_txt: II 115th CONGRESS 2d Session S. 3239 IN THE SENATE OF THE UNITED STATES July 18, 2018 Mr. Scott (for himself and Mr. Booker ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To require the Secretary of the Treasury to mint commemorative coins in recognition of the 75th anniversary of the integration of baseball.

1. Short title This Act may be cited as the Integration of Baseball Commemorative Coin Act . 2. Findings The Congress finds the following: (1) On April 15, 1947, future Hall of Famer Jackie Robinson changed the landscape of the national pastime and the United States when he stepped onto the grass at Ebbets Field as the starting first baseman for the Brooklyn Dodgers and the first African American to play Major League Baseball in the modern era. (2) On July 5, 1947, future Hall of Famer Larry Doby took his first at bat for the Cleveland Indians, ending the color barrier in the American League forever. (3) The integration of Major League Baseball in 1947 is recognized today as a seminal moment in the Civil Rights Movement and American history. (4) The integration of Major League Baseball preceded the landmark Supreme Court of the United States ruling in Brown v. Board of Education, 347 U.S. 483 (1954), by 7 years and the enactment of the Civil Rights Act of 1964 ( Public Law 88–352 ; 78 Stat. 241) by 17 years. (5) The National Baseball Hall of Fame and Museum and the Jackie Robinson Foundation are dedicated to telling the story of baseball’s unique role in helping end racial segregation and advancing civil rights in the United States. 3. Coin specifications (a) Shape and surface treatment All coins issued pursuant to this Act shall be square, with the design corner-aligned, shall be finished on the reverse with enhanced uncirculated treatment, and shall be of approximately the same size. The Secretary of the Treasury (referred to in this Act as the Secretary ), at the Secretary’s discretion, may also use the enhanced uncirculated treatment on the coin obverse. (b) Denominations In recognition and celebration of the 75th anniversary of the integration of baseball, the Secretary shall mint and issue the following coins: (1) $5 gold coins Not more than 50,000 $5 coins, which shall— (A) weigh 1 ounce; (B) be struck on a planchet of appropriate dimensions; and (C) contain not less than 90 percent gold. (2) $1 silver coins Not more than 500,000 $1 coins, which shall— (A) weigh 26.73 grams; (B) be struck on a planchet of appropriate dimensions; and (C) contain not less than 90 percent silver. (3) Half-dollar clad coins Not more than 750,000 half-dollar coins, which shall be of such specifications as the Secretary may choose, except that, to the greatest extent possible, such half-dollar coins shall match in size the other coins described in this subsection. (c) Legal tender The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code. (d) 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. 4. Design of coins (a) In general The design for the coins minted under this Act shall be— (1) selected by the Secretary after consultation with— (A) the National Baseball Hall of Fame; and (B) the Commission of Fine Arts; and (2) reviewed by the Citizens Commemorative Coin Advisory Committee. (b) Designations and inscriptions On each coin minted under this Act there shall be— (1) a designation of the value of the coin, which, for purposes of the coins described under paragraphs (1) and (2) of section 3(b) shall use a dollar sign and a numeral rather than spelling out the denomination; (2) an inscription of the year 2022 ; and (3) inscriptions of the words Liberty , In God We Trust , United States of America , and E Pluribus Unum . (c) Common reverse design The design on the common reverse of the coins minted under this Act shall depict a baseball diamond similar to those used by Major League Baseball. (d) Selection and approval process for obverse design (1) In general The Secretary shall hold a competition to determine the design of the common obverse of the coins minted under this Act, with such design being emblematic of the integration of the game of baseball. (2) Selection and approval Proposals for the design of coins minted under this Act may be submitted in accordance with the design selection and approval process developed by the Secretary in the sole discretion of the Secretary. The Secretary shall encourage 3-dimensional models to be submitted as part of the design proposals. (3) Proposals As part of the competition described in this subsection, the Secretary may accept proposals from artists, engravers of the United States Mint, and members of the general public, and shall endeavor to publicize the design contest to participants in youth baseball programs. (4) Compensation The Secretary shall determine compensation for the winning design under this subsection, which shall be not less than $5,000. The Secretary shall take into account this compensation amount when determining the sale price described in section 6(a). 5. Issuance of coins (a) Quality of coins Coins minted under this Act shall be issued in uncirculated and proof qualities. (b) Period for issuance The Secretary may issue coins minted under this Act only during the 1-year period beginning on January 1, 2022. 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, winning design compensation, 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. 7. Surcharges (a) In general All sales of coins minted under this Act shall include a surcharge as follows: (1) A surcharge of $50 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 National Baseball Hall of Fame and Museum, with the understanding that the National Baseball Hall of Fame and Museum shall work with the Jackie Robinson Foundation, so that the 2 organizations may develop and operate education programs about the integration of baseball and preserve artifacts related to the integration of baseball. (c) Audits The National Baseball Hall of Fame and Museum 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). (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 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.