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Managing America: Veterans

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Week Ending May 18, 2006

H.R.634 To require the Secretary of the Treasury to mint coins in commemoration of veterans who became disabled for life while serving in the Armed Forces of the United States.

The Secretary of the Treasury is directed to mint and distribute $1 silver coins in commemoration of disabled American veterans. The design will be selected by the Disabled Veterans LIFE Memorial Foundation established to design and construct the American Veterans Disabled for Life Memorial planned for Washington, D.C.

Commemorative coin minting is required by law to be cost neutral and in this case as in most others a surcharge of $10.00 per coin provides for the cost of design, minting and distribution/marketing the coin. Unspent surcharges are turned over to the organization proposing the coin for expense of constructing the memorial.

350,000 coins may be minted and each will weigh 26.73 grams with a diameter of 1.5 inches. The coins will contain 90% silver and 10% copper. The bill prefers that all the coins are minted at the US Mint at West Point, New York. The coins will be issued only in 2010. Prepaid orders will be accepted

Sponsor:  Rep. Dennis Moore (D-KS-3^rd)

Vote: Passed House 416 to 0 May 15, 2007 RC 345

Cost to the taxpayers: No discernible cost

Earmark Certification:   Not applicable

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MORE INFORMATION

(1) The Armed Forces of the United States have answered the call and served with distinction around the world--from hitting the beaches in World War II in the Pacific and Europe, to the cold and difficult terrain in Korea, the steamy jungles of Vietnam, and the desert sands of the Middle East.

(2) All Americans should commemorate those who come home having survived the ordeal of war, and solemnly honor those who made the ultimate sacrifice in giving their lives for their country.

(3) All Americans should honor the millions of living disabled veterans who carry the scars of war every day, and who have made enormous personal sacrifices defending the principles of our democracy.

(4) In 2000, Congress authorized the construction of the American Veterans Disabled for Life Memorial.

(5) The United States should pay tribute to the Nation's living disabled veterans by minting and issuing a commemorative silver dollar coin.

(6) The surcharge proceeds from the sale of a commemorative coin would raise valuable funding for the construction of the American Veterans Disabled for Life Memorial.

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