madfranks
16th July 2010, 10:37 AM
It used to be that the denomination and the weight at least correlated as you got bigger and smaller; i.e. 1/4 oz gold was the $5, 1/2 oz gold was the $10 and the 1 oz gold was the $20. Once they introduced the GAE program, they totally effed that up. And now a one oz gold with a face value of $5? This is an insult to what gold used to be in this country.
Link Here (http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=12296)
New One-Ounce Gold $5 Proposed
A new high-relief, one-ounce gold piece with a denomination of $5 would be authorized as a commemorative coin if Congress passes the United States Marshal Service 225th Anniversary Commemorative Coin Act.
It was introduced July 1 in the U.S. House of Representatives as H.R. 5680 by Rep. John Boozman of Arkansas.
The idea has been kicking around since last year, when Boozman introduced another version of the legislation.
A surcharge of $35 on each gold coin and $10 on each silver coin would fund up to $10 million that would be distributed to seven law enforcement focused groups including the National Center for Missing and Exploited Children and the National Law Enforcement Officers Memorial Fund.
Mintage of the $5 gold coin is set at up to 142,000, according to the new legislation. This is up from 100,000 called for by Boozman last year, but is necessary to reach the $10 million surcharge income goal.
The new silver dollar mintage ceiling of 503,000 compares to 500,000 in the 2009 version.
The high relief, one-ounce $5 gold coin called for by Boozman differs from the standard commemorative $5 gold pieces issued since 1986, which are of regular relief and contain just 0.24187 troy ounce of gold.
The silver dollar’s specifications are the same as prior commemorative silver dollars.
Boozman’s new bill also mandates dual dates, 2014-2015. Issuance would stretch from Sept. 24, 2014, to Dec. 31, 2015. His earlier bill and one in the Senate called for just a 2014 date.
The legislation calls for the Marshals Service star on the obverse. The gold reverse would honor U.S. marshals who lost their lives in the line of duty.
The silver dollar has no required reverse theme.
On the edge of both coins would be the motto “Justice, Integrity, Service.â€
Both coins would be struck as proof and uncirculated.
The latest bill by Boozman deviates from an earlier version he introduced June 10, 2009, that also matched the U.S. Senate version introduced as S.2106 Oct. 29, 2009, by Sen. Blanche Lincoln also of Arkansas.
Link Here (http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=12296)
New One-Ounce Gold $5 Proposed
A new high-relief, one-ounce gold piece with a denomination of $5 would be authorized as a commemorative coin if Congress passes the United States Marshal Service 225th Anniversary Commemorative Coin Act.
It was introduced July 1 in the U.S. House of Representatives as H.R. 5680 by Rep. John Boozman of Arkansas.
The idea has been kicking around since last year, when Boozman introduced another version of the legislation.
A surcharge of $35 on each gold coin and $10 on each silver coin would fund up to $10 million that would be distributed to seven law enforcement focused groups including the National Center for Missing and Exploited Children and the National Law Enforcement Officers Memorial Fund.
Mintage of the $5 gold coin is set at up to 142,000, according to the new legislation. This is up from 100,000 called for by Boozman last year, but is necessary to reach the $10 million surcharge income goal.
The new silver dollar mintage ceiling of 503,000 compares to 500,000 in the 2009 version.
The high relief, one-ounce $5 gold coin called for by Boozman differs from the standard commemorative $5 gold pieces issued since 1986, which are of regular relief and contain just 0.24187 troy ounce of gold.
The silver dollar’s specifications are the same as prior commemorative silver dollars.
Boozman’s new bill also mandates dual dates, 2014-2015. Issuance would stretch from Sept. 24, 2014, to Dec. 31, 2015. His earlier bill and one in the Senate called for just a 2014 date.
The legislation calls for the Marshals Service star on the obverse. The gold reverse would honor U.S. marshals who lost their lives in the line of duty.
The silver dollar has no required reverse theme.
On the edge of both coins would be the motto “Justice, Integrity, Service.â€
Both coins would be struck as proof and uncirculated.
The latest bill by Boozman deviates from an earlier version he introduced June 10, 2009, that also matched the U.S. Senate version introduced as S.2106 Oct. 29, 2009, by Sen. Blanche Lincoln also of Arkansas.