Daily Archives: May 19, 2008
Katie Couric’s "Notebook" Commentary on Pennies and Nickels
Georgia Teenager Wins 2008 PNG YN Scholarship
Successful Coin Collecting Format Adopted for Stamps, Free PSE "U.S. Design...
House Backs Boy Scouts Commemorative Coin with Passage of H.R. 5872
A commemorative Boy Scouts silver coin just moved closer to becoming reality. On May 15, the House of Representatives passed H.R. 5872, an act "To require the Secretary of the Treasury to mint coins in commemoration of the centennial of the Boy Scouts of America, and for other purposes."
They did so with strong bipartisan support similar to their very recent passage of the palladium Saint-Gaudens double eagle coin legislation. Although 8 Democrats voted against the bill, they were easily overwhelmed with the support of 215 Democrats and 186 Republicans.
Legislation must now pass in the Senate and then get signed by the President to become law.
House Authorizes Palladium Saint-Gaudens Double Eagle Coin
On May 15, the House of Representatives passed H.R. 5614, an act “To authorize the production in palladium of Saint-Gaudens Double Eagle coins as ultra-high relief numismatic coins and bullion investment coins in order to provide affordable opportunities for investments in precious metals, and for other purposes.”
Palladium is a silver-white precious metal that is directly above platinum and to the left of silver in the Periodic Table of Elements. Generally speaking, the price of palladium is half that of gold.
The template for the coins is that of the 1907 ultra-high relief Augustus Saint-Gaudens $20 Double Eagle, considered by many to be one of the most beautiful gold coins made in the history of U.S. coinage. The Treasury authorized issuance of a one-ounce gold version of this coin in 2009.