The Boys Town Centennial Commemorative Coin Act is positioned to become law since the U.S. House of Representatives passed it on Sept. 15 and the U.S. Senate approved it on Monday, Dec. 15.
The bill, numbered H.R.2866, is headed to the President’s desk next, and it is expected to be signed into law within days. When that happens, the United States Mint will be required to strike and sell up to 50,000 $5 gold coins, 350,000 silver dollars, and 300,000 clad half-dollars that are emblematic of the centennial of Boys Town, in calendar year 2017.
Boys Town is a nonprofit organization dedicated to saving children and healing families. Its national headquarters is in the village of Boys Town, Nebraska. It was founded by Father Edward J. Flanagan on Dec. 12, 1917. Boys Town programs impact the lives of more than 2,000,000 children and families across America each year.
Per the Act, Boys Town commemorative coins would be produced in collector finishes, including proof and uncirculated. Sale prices of the coins will incorporate surcharges that will be paid to Boys Town in order to carry out its mission of caring for and assisting children and families in underserved communities across America. Surcharge amounts would be $35 per gold piece, $10 for each silver dollar, and $5 per clad half-dollar.
The mintage numbers here are controlled by Law, however, they are too high. With continued low sales this will further erode the commem coin collecting base.
Unless this design is a home run the number sold will not come close to a sell-out.