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Commems Collection Modern: Quick Bits #10 - Reducing The National Debt / 2000's

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commems's Avatar
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 Posted Yesterday   1:44 pm Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message Number of Subscribers
Moving forward with my survey of United States ("US") modern series commemorative coins that were set up to reduce the national debt...

The decade of 2000-2009 was one that represented a markedly different period for the modern US commemorative coin series vs. the decades that preceded it. Its new commemorative coin issues all featured private benficiaries for the surcharges collected vs. addressing the national debt.

As such, the nationalistic view of US commemorative coins being a vehicle to directly benefit the nation as a whole was left behind in favor of the series being a potential source of private sponsor funding.


For other of my posts about commemorative coins and medals, including more about each of the coins discussed here, see: Commems Collection



Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Yes indeed - and I suspect the surcharge benefit to private sponsors continues today.

I do have to wonder about the 2026 commemorative - are any of them producing surcharges for the US Treasury?
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a better way to reduce the national debt, would be when they see extra money coming in to the treasury, is to actually use it to make payments on the debt, not go and take it to buy stupid stuff we don't need. (I managed it quite well and I'm not an accountant)
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Quote:
I do have to wonder about the 2026 commemorative - are any of them producing surcharges for the US Treasury?

The coins of the 2026 FIFA program do not carry surcharges that are to be used to reduce the national debt, the collected surcharge are to "be paid to FWC2026 US, Inc., for the purpose of aiding or executing United States-based soccer programs and activities." (Per enacting legislation)

Regarding the Semiquicentennial gold coin and silver medal sets...

They were not authorized by Act of Congress but rather are being struck under general Treasury/US Mint authority, it's my understanding that any net proceeds from their sale will be deposited in the Mint's Public Enterprise Fund to support its ongoing operations vs. the Treasury's General Fund to help reduce the national debt.



Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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