US gold and silver coins would be struck in recognition and in celebration of the Medal of Honor and its establishment in 1861, should a newly introduced bill (H.R. 1209) become law.
The Medal of Honor is America’s highest award for valor in action against an enemy force that can be bestowed upon an individual serving in the Armed Services of the United States.
H.R. 1209, entitled the Medal of Honor Commemorative Coin Act of 2009, would authorize the United States Mint in 2011 to strike up to 500,000 $1 silver coins and 100,000 $5 gold coins in proof and uncirculated conditions.
The coins would "honor the American military men and women who have been recipients of the Medal of Honor, and to promote awareness of what the Medal of Honor represents and how ordinary Americans, through courage, sacrifice, selfless service and patriotism, can challenge fate and change the course of history," according to the legislation.
The bill includes surcharges of $35 per coin for the $5 coin and $10 per coin for the $1 coin to be paid to the Congressional Medal of Honor Foundation "to help finance the educational, scholarship and outreach programs of the Foundation."
Rep. Christopher Carney brought H.R. 1209 before the House of Representatives on Feb. 26 where it was referred to the House Committee on Financial Services.
For any bill to become law, it must pass both the House and the Senate, and the President must sign it.
Other coin related bills introduced during the week include commemorative Girl Scouts silver dollars, Mark Twain coins minted in silver and gold and Five-Star Generals coins struck in clad, silver and gold. (Check 2009 coin legislation for a list of all this year’s bills.)