Posts Tagged ‘coin’

Commemorative Coin in 2014

Monday, December 5th, 2011

U.S. Senators Kay Hagan (D-NC) and Susan Collins (R-ME) were joined by Senate co-sponsors Chuck Schumer (D-NY), Mark Kirk (R-IL) and Daniel Akaka (D-HI) in introducing the March of Dimes Commemorative Coin Act of 2011 (S.1935), which would honor the 75th anniversary of the March of Dimes. The bipartisan legislation would mint coins to recognize the March of Dimes’ landmark accomplishments in maternal and child health and provide resources to continue its vital work.

“Once again, a coin has the opportunity to help this nation fight a threat to its children,” said Dr. Jennifer L. Howse, President of the March of Dimes. “During the Great Depression, citizens sent their precious dimes – four billion of them – to the White House to fund research in the successful fight against polio. This time, the sale of these commemorative coins will help fund research and programs to identify the causes of premature birth. A dime defeated polio; this special dollar will help fight premature birth. We thank Senators Kay Hagan (D-NC) and Susan Collins (R-ME) for introducing the March of Dimes Commemorative Coin Act.”

The legislation authorizes the U.S. Mint to strike up to 500,000 $1 silver commemorative coins in 2014 to mark the March of Dimes’ 75th Anniversary. A surcharge of $10 added to the coin’s cost will go to the March of Dimes. The design of the coin will be selected by the Treasury Secretary in consultation with the March of Dimes and the Commission of Fine Arts.

If all the coins are sold during 2014, up to $5 million would be directed towards vital programs and scientific research to improve the health of women, infants and children by preventing birth defects, premature birth, and infant mortality. The March of Dimes is required to match these funds through private contributions, which would result in a total of $10 million going to research, community services, and education.