Greatest Generation Commemorative Coin Act
Aug 3, 2022
Statute: 136 Stat. 1349
Became law: Aug 3, 2022
Aug 3, 2022
Statute: 136 Stat. 1349
Became law: Aug 3, 2022
Summary
Creates special coins to honor the National World War II Memorial, with extra money from sales helping to maintain the memorial and its programs.
What problem does this solve?
The National World War II Memorial needs ongoing funding for its upkeep and educational programs to honor America's 'Greatest Generation.' This law creates special commemorative coins, and the extra money from their sale will help pay for the memorial's maintenance and programs.
What does this law do?
Authorizes three commemorative coins
Directs the Treasury to mint up to 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half-dollar clad coins to honor the National World War II Memorial.
Adds surcharges to fund the WWII Memorial
Requires a surcharge on each coin sale ($35 for gold, $10 for silver, $5 for half-dollar) to be paid to the Friends of the National World War II Memorial for maintenance and programs.
Sets a one-year issuance period
The commemorative coins can only be issued by the Secretary of the Treasury during the calendar year 2024.
Specifies coin design requirements
Mandates that coin designs must be symbolic of the National World War II Memorial and the service of Americans during the war. They must also include standard inscriptions like 'Liberty' and 'In God We Trust'.
Who does this affect?
- World War II Veterans and their families
- Coin Collectors
- Friends of the National World War II Memorial
What is the real world impact?
•
Honors the 'Greatest Generation'
Creates a lasting tribute to the Americans who served in World War II by minting coins that celebrate the National World War II Memorial.
•
Provides funding for the memorial
Raises money for the Friends of the National World War II Memorial to help the National Park Service maintain the site and run educational programs, without using taxpayer dollars.
•
A special interest fundraising tool
Critics might argue that creating special coins is a common way for specific groups to raise funds, potentially overusing the U.S. Mint for niche causes and creating a market saturated with collectibles.
When does this start?
The commemorative coins will be created and sold for one year, starting on January 1, 2024.