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United States Foreign Service Commemorative Coin Act

Source: Congress.gov  ·  2,093 words in original text
This bill requires the Secretary of the Treasury to create and sell special coins to celebrate the 100th anniversary of the United States Foreign Service. Money from surcharges (extra fees) added to coin sales goes to the Association for Diplomatic Studies and Training to support the collection and sharing of diplomatic history. ##
- The Secretary of the Treasury (the head of the federal agency that manages money and coin production) - The Association for Diplomatic Studies and Training (a nonprofit organization) - People who buy commemorative coins (coins made for special occasions) - The United States Treasury ##
- The Secretary must mint no more than 50,000 gold coins worth $5, 400,000 silver coins worth $1, and 750,000 half-dollar coins made of copper and nickel clad (layered), with specific weights and sizes for each type (Sec. 3) - Each coin must include the year "2025" and the inscriptions "Liberty," "In God We Trust," "United States of America," and "E Pluribus Unum" (Sec. 4) - The Secretary can sell these coins only during a one-year period starting January 1, 2025 (Sec. 5) - Every coin sale includes a surcharge: $35 for each $5 gold coin, $10 for each $1 silver coin, and $5 for each half-dollar coin (Sec. 7) - All surcharge money collected must go to the Association for Diplomatic Studies and Training to support collecting, preserving and sharing diplomatic history (Sec. 7) - The Treasury cannot lose money on this project; the Secretary must ensure the cost of making and selling the coins gets paid back from coin sales (Sec. 8) ##
If this bill becomes law, special commemorative coins honoring the Foreign Service will be created and sold during 2025. The surcharge money from these sales will fund the Association for Diplomatic Studies and Training's work preserving diplomatic history and experiences of American diplomats. ##
- **Numismatic items**: Objects of value to coin and medal collectors, not intended for everyday spending (Sec. 3) - **Legal tender**: Money that people and businesses must accept as payment (Sec. 3) - **Proof quality**: Specially made coins with a polished finish meant for collectors (Sec. 5) - **Uncirculated quality**: Coins that have never been used in everyday transactions (Sec. 5) - **Surcharge**: An extra fee added to the price above the coin's actual value (Sec. 7) ##
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.