Look ahead to 2020 for a third series of domed or curved-shape commemorative coins from the United States Mint.
The Naismith Memorial Basketball Hall of Fame Commemorative Coin Act, numbered H.R. 1235, passed the House Sept. 25 and passed the Senate Dec. 18. Provided President Trump signs the Act into law, which is expected, the U.S. Mint in 2020 will strike and sell coins in gold, silver and clad to recognize the 60th anniversary of the Naismith Memorial Basketball Hall of Fame (www.hoophall.com).
Update: President Trump signed the bill into law on Dec. 21, 2018.
H.R. 1235 calls for 2020-dated $5, $1, and 50c coins in collector qualities of proof and uncirculated with each featuring the shape of a dome. Quantities outlined include maximums of:
- 50,000 $5 gold coins,
- 400,000 silver dollars, and
- 750,000 clad half-dollars.
Their reverse or tails side would depict a basketball. A competition would determine a common obverse or heads side design that must be "emblematic of the game of basketball."
Under H.R. 1235, a surcharge of $35 per gold coin, $10 per silver dollar and $5 per clad half-dollar would be added to each coin sale. Collected surcharges would fund an endowment to enable increased operations and educational programming of the Naismith Memorial Basketball Hall of Fame.
On Dec. 21, 1891, James Naismith introduced the game of "basket ball" to his physical education class in Springfield, Massachusetts. In 1959, the Naismith Memorial Basketball Hall of Fame was founded and dedicated to the game’s creator Dr. James Naismith in Springfield, MA, "The Birthplace of Basketball," and became the first and only museum to honor the game at all levels around the world.