Senator Gillibrand Introduces National Baseball Hall of Fame Commemorative Coin Act
Legislation Authorizing the U.S. Treasury to Mint Coins Honoring the 75th Anniversary of the National Baseball Hall of Fame
COOPERSTOWN, NY – The National Baseball Hall of Fame and Museum has spent the last seven decades celebrating and honoring the history of the National Pastime.
Today, Senator Kirsten Gillibrand of New York introduced the “National Baseball Hall of Fame Commemorative Coin Act” – legislation that will celebrate and honor the 75th anniversary of the Hall of Fame through the minting of gold, silver and clad coins by the United States Treasury. This legislation enjoys bipartisan support in the Senate as Senator Chambliss (R-GA), Senator Durbin (D-IL), and Senator Isakson (R-GA) asked to be original cosponsors.
The legislation introduced by Senator Gillibrand is a companion measure to legislation approved by the House of Representatives on October 26, 2011, on a vote of 416 to 3. The National Baseball Hall of Fame and Museum is working closely with Senator Gillibrand to deliver this legislation to the President before Opening Day of the 2012 baseball season.
Specifically, the National Baseball Hall of Fame Commemorative Coin Act directs 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, 2015. 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.
“As we near our 75th anniversary in 2014, the Hall of Fame is thankful to Senator Gillibrand for introducing this bill in the Senate that will surely bring awareness and potential visitors to central New York in future years. The support of all citizens to celebrate baseball’s history will bolster the American spirit for years to come,” said Jeff Idelson, President of the National Baseball Hall of Fame and Museum.
“The National Baseball Hall of Fame Commemorative Coin Act unites every fan of the game in celebrating the timelessness of America's pastime,” Idelson added. “The legislation provides all baseball fans around the globe with the opportunity to celebrate Cooperstown and the important role this institution has played in preserving the history of our national pastime.”
“For nearly 75 years, Americans have been visiting our very own Cooperstown to honor the legends of America’s 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.”
“The Baseball Hall of Fame Commemorative Coin will provide a lasting reminder of the pride and comradeship that so many of us associate with America’s favorite pastime,” Senator Chambliss said. “By selling these coins, our government can support the Baseball Hall of Fame in a fiscally responsible manner, at no cost to taxpayers, while also marking its 75th anniversary.”
"The history of our nation is not complete without the game of baseball," said Senator Durbin. "From the fans of Chicago's Sox and Cubs rivalry in the north to the fans of the World Series Champion Cardinals down south, I would argue that my home state of Illinois has the richest baseball history in the country. The National Baseball Hall of Fame has been working for 75 years to preserve those moments that make this sport our nation's greatest pastime and this legislation is fitting way to celebrate that effort."
“I am happy to co-sponsor legislation to honor’s America’s pastime by establishing a Baseball Hall of Fame commemorative coin at no cost to the taxpayers,” said Senator Isakson. “This coin will help educate many generations of Americans, especially our youth, on the rich history and importance of baseball.”
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.