National Baseball Hall of Fame Commemorative Coin Act Signed into Law by President Obama
U.S. Treasury to Mint Coins Honoring the 75th Anniversary of the Hall of Fame in 2014
COOPERSTOWN, NY – This afternoon, President Barack Obama signed into law the National Baseball Hall of Fame Commemorative Coin Act, culminating an exceptional bi-partisan initiative, spearheaded by U.S. Senator Kirsten Gillibrand of New York and U.S. Congressman Richard Hanna, whose 24th District includes Cooperstown. This bi-partisan team secured the passage of The National Baseball Hall of Fame Commemorative Coin Act with the support of every member of the House of Representatives and the Senate.
The National Baseball Hall of Fame Commemorative Coin Act will celebrate and honor the 75th anniversary of the Hall of Fame in 2014, directing the Secretary of the Treasury to mint not more than 50,000 $5 gold coins, 400,000 $1 silver coins and 750,000 half dollar coins in recognition of the National Baseball Hall of Fame and Museum during a one-year period commencing on January 1, 2014. Surcharges from the sale of these coins, as much as 9.5 million dollars, will be paid to the National Baseball Hall of Fame and Museum to assist in financing its operations. This measure is in compliance with the Pay-As-You-Go Act of 2010 and results in no cost to the U.S. Treasury or U.S. taxpayer.
"For 75 years, Americans have been visiting our very own Cooperstown to honor the legends of America's favorite pastime," Senator Gillibrand said. "The National Baseball Hall of Fame Commemorative Coin Act will build on the recognition Cooperstown deserves, honor its history, and help draw more Americans to visit this truly magical place in upstate New York. And there's no better place to mint these coins than West Point."
"I am privileged to represent Cooperstown and, as a past 10-year resident, sponsoring this bill in the House was especially meaningful for me," Representative Hanna said. "This cost-free legislation help preserve our National Pastime and the non-profit museum in Cooperstown. I encourage everyone to visit Cooperstown at least once to take in its history and natural beauty. You won't be disappointed."
"The National Baseball Hall of Fame and Museum is so appreciative of the support of the U.S. House, Senate and President Obama for providing awareness, exposure and the potential for a significant infusion of tourism and revenue to Cooperstown with the Baseball Hall of Fame Commemorative Coin Act," said Jeff Idelson, President of the National Baseball Hall of Fame and Museum. "We are grateful to Senator Gillibrand, Congressman Hanna, and everyone who worked on this bill to deliver a program all Americans can enjoy and treasure as a symbol of the enduring spirit of our National Pastime."
The National Baseball Hall of Fame and Museum is an independent not-for-profit educational institution, dedicated to fostering an appreciation of the historical development of baseball and its impact on our culture by collecting, preserving, exhibiting and interpreting its collections for a global audience as well as honoring those who have made outstanding contributions to our National Pastime.
Proceeds from the Commemorative Coin Act will be used to support the Hall of Fame's educational outreach programs, including the ongoing efforts to reach America's youth with meaningful lessons, such as the BASE ("Be A Superior Example") program, which promotes healthy living and choosing to live and play free of performance-enhancing substances.
This fall, the U.S. Mint, in consultation with the Hall of Fame, will commence a design competition that will ultimately select the baseball image that will appear on the face of the 75th Anniversary Commemorative Coin.