In only a few short weeks, the United States Mint will start selling a commemorative coin which is sure to be a hit not only with traditional coin collectors, but also with many new-comers to the hobby. On March 23, 2010, the US Mint launches the 2010 Boy Scouts of America Centennial Silver Dollar.
2010 Boy Scouts of America Centennial Silver Dollars - Proof and Uncirculated Versions
(Click Image to Enlarge)
These coins, while standard in their composition and weight for a commemorative, are unique in the fact of their subject matter and the swarm of potential buyers they bring to the industry. It is estimated that almost 2.8 million youth members alone belong to the Boy Scouts of America (BSA). Add in the million plus adult members and the numbers approach 4 million active participants. And that does not take into account millions more who were a part of the organization in the past, who will eagerly race to buy one or more of the coins.
The United States Mint has revealed approved designs for next year's 2010 Boy Scouts of America Centennial Silver Dollar that is tentatively scheduled for release in March 2010.
Boy Scouts of America BSA Centennial Commemorative Silver Dollar Obverse Design - Click to Enlarge
The US Mint presented 17 obverse (heads side) and 5 reverse designs for consideration. From those, Secretary of the Treasury Timothy F. Geithner approved the two designs that will be used, according to a Mint statement released last week. (See images of the five recommended BSA design candidates.)
The US Mint will produce a maximum mintage of 350,000 Philadelphia struck collector proof and uncirculated $1s to commemorate the 100th anniversary of the founding of the Boy Scouts of America (BSA).
President Bush on Wednesday signed into law the Boy Scouts of America Centennial Commemorative Coin Act (H.R. 5872). The act authorizes 350,000 silver dollar coins in recognition of the 100th anniversary of the Boy Scouts of America (BSA) in 2010.
H.R. 5872 enjoyed overwhelming support in both parties, passing in the House on April 22 and the Senate on September 27.
Congressman Pete Sessions [R-TX], who is an Eagle Scout with four generations of Boy Scouts in his family, introduced the bill and was thankful it passed.
"From conservation to character building, the Boy Scouts' 100th Anniversary celebrates the highest Scouting ideals of helping others and making communities stronger," said Sessions.
"I believe that a commemorative coin will be an important and influential symbol for Scouts of all ages and raising awareness of the importance of Scouting programs for future generations."
Congressman Pete Sessions [R-TX] introduced the legislation in April and said,
"Boy Scouts are a significant part of American culture, shaping the values, citizenship, and skills of millions of young men," Sessions stated. "As an Eagle Scout with four generations of Boy Scouts in my family, I strongly value the Boy Scouts' history of instilling a sense of duty to God, country, and self."
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.
A new House bill recently introduced to celebrate the centennial of the Boy Scouts of America (BSA) with the minting of a commemorate silver dollar has exceptionally strong bipartisan support.
Rep Pete Sessions [R-TX] introduced the new bill on April 22, 2008. The bill looks to be soundly popular with an already 296 cosponsors lined up to provide their early signature for the "100 Years of Scouting" commemorative coin.
Rep. Sessions commented,
“Boy Scouts are a significant part of American culture, shaping the values, citizenship, and skills of millions of young men,” Sessions stated. “As an Eagle Scout with four generations of Boy Scouts in my family, I strongly value the Boy Scouts’ history of instilling a sense of duty to God, country, and self.”
Not altogether surprising, in the 110th Congress, 248 members of the House of Representative and the Senate have participated in Boy Scouts of America as Scouts or adult leaders.