National Baseball Hall of Fame Commemorative Coin Act is Law

by Rhonda Kay on August 6, 2012 · 6 comments

Major League Baseball

The National Baseball Hall of Fame Commemorative Coin Act became Public Law No: 112-152 on August 3, 2012

On Friday, August 3, 2012, President Obama signed into law (Public Law No: 112-152) the National Baseball Hall of Fame Commemorative Coin Act, which requires the Treasury Secretary to produce and sell commemorative gold, silver, and clad coins in 2014.

The designs on the coins shall be emblematic of the game of baseball, with the gold $5 and the silver $1 denomination coins having exciting shapes, in a similar fashion to the 2009 International Year of Astronomy coins issued by the French Mint, that allow for convex reverses and concave obverses.

Surcharges on the sale of each commemorative will help fund the National Baseball Hall of Fame and Museum in Cooperstown, New York. It is dedicated to the preservation of the history of baseball and recognizes excellent Major League Baseball players for induction into its Hall of Fame. The first inductees were Babe Ruth, Christy Mathewson, Honus Wagner, Ty Cobb, and Walter Johnson in 1939. In 2014, the National Baseball Hall of Fame and Museum will celebrate its 75th anniversary.

Rep. Richard L. Hanna [R-NY24] introduced H.R. 2527, the National Baseball Hall of Fame Commemorative Coin Act, in July 2011 and it passed the House in October the same year. It was not until July 2012 that the Senate approved an amended version, with the House also agreeing to the changes.

"For 75 years, Americans have been visiting our very own Cooperstown to honor the legends of America’s favorite pastime," Senator Kirsten Gillibrand [D-NY] said in joint announcement with Hanna of the bill’s signing on Friday.

"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."

The two Congressmen are urging U.S. Treasury Secretary Timothy Geithner and U.S. Mint Acting Director Richard Peterson to use the facility at West Point, NY, to manufacture the commemoratives.

"The West Point Mint’s work has been consistently recognized across the world as producing high quality commemorative coinage," Congressman Gillibrand and Hanna said in a joint letter to Geithner and Peterson.

"Additionally, the Mint currently serves as the primary production facility for the types of gold and silver coins specified in the Act and would be a natural choice to produce this new coin given its high quality work and technical expertise. Finally, the Mint’s proximity to Cooperstown and the Baseball Hall of Fame provides a natural connection between the production site and honoree.

Public Law No: 112-152, by its lack of requiring language, allows for the U.S. Mint to produce the coins at a facility of its choosing.

Up to 50,000 $5 gold coins, 400,000 $1 silver coins and 750,000 half-dollar clad coins will be minted, in proof and uncirculated qualities, based on collector demand.

{ 6 comments… read them below or add one }

george glazener August 6, 2012 at 12:11 pm

That’s about the only good thing he’s ever signed into law. he (intentionally lower case) must have thought it meant the govt. would take over the baseball industry and levy a tax on home runs on anyone making over 250k a year.

The other Brian August 6, 2012 at 12:51 pm

Like I said about the suggested football coins: Lame. I love baseball, but I want to keep my hobbies separate. Plus, I know there are a lot of collectors with no interest in the sport.

jim August 6, 2012 at 2:04 pm

I don’t have a lot of interest in the military but we’ve had several commemoratives on that subject lately. Plus the I think this will be an interesting coin with it’s different shape unless the mint screws it up and doesn’t put a baseball on the obverse. I can see this coin having an interest outside the regular collecting public, both because of it’s subject and it’s shape.

Michael August 6, 2012 at 6:59 pm

potentially $50 per set going to professional sports. There are other historical events which can be commemorated then pro sports. No sale here.

jim August 6, 2012 at 8:36 pm

Michael –
The Baseball Hall of Fame and Museum is an independent, non-profit educational institution so your money wouldn’t be going to professional sports (whatever that means) or to some retirement home for old baseball players. Got something better for 2015, 2016, etc.? Write to your Senator and get a bill started to make it happen.

Kyoungwon October 15, 2013 at 6:52 am

The reverse design feature of this coin is a little bit similar to that of Lithuanian championship coin(2011), I think. But taken as a whole, it looks so cool.

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