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Replies: 8 / Views: 1,337 |
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CCF Master Historian of Commemorative Coins
 United States
12611 Posts |
In what may be the most egregious move by a Senator regarding a modern US commemorative coin, Senator Trent Lott (R-MS) attempted to take $5.3 million of the surcharge funds received by The Civil War Trust (CWT) from the sales of coins of the 1995 Civil War Battlefield coin program and give the money to the Association for the Preservation of Civil War Sites (APCWS). To accomplish this, he sought to revise the original commemorative coin bill through an amendment inserted into an unrelated bill - the Balanced Budget Reconciliation Act of 1995. 1995 Civil War Battlefields - Gold Half Eagle  The amendment stated, "An amount equal to $5,300,000 of the surcharges received by the Secretary from the sale of coins issued under this Act shall be promptly paid by the Secretary to the Association for the Preservation of Civil War Sites, Incorporated (hereafter in this Act referred to as the 'Association'), to be used for the acquisition of historically significant and threatened Civil War sites selected by the Association." Thus, the amendment went beyond simply paying surcharge funds not yet sent to the CWT to the Association instead, it would have required the Civil War Trust to take money out of its treasury, cancel/delay battlefield preservation initiatives in which it was already engaged and turn over money it was rightfully, by previous law, entitled. It was just an example of the many battles that were being waged between the Civil War Trust and the Association at the time. The amendment gave the Civil War Trust just ten days to transfer the money to the Secretary of the Treasury so that it could then be turned over to the Association. For context, the Civil War Trust received a total of ~$5.91 million for the entire program. The $5.3 million transfer requirement would have taken away essentially 90% of the funds it rightfully deserved! The Association was created first, in 1987, while the Civil War Trust was formed in 1991. Both groups, however, were private organizations and were not managed by any Government agency. Though the two groups had similar objectives, the leadership of each had differing visions on how to accomplish their goals. The Association found a sympathetic ear in Senator Lott, and saw an opportunity to secure millions of dollars in funding - even if it had to "steal" it from a rival! Lott's amendment was just one of many to be tacked on to the Balanced Budget Reconciliation Act. The bill was ultimately put aside in favor of an alternate bill that was eventually passed by the Senate and House but was vetoed by President Bill Clinton; the alternate/vetoed bill did not include any amendments regarding the Civil War Battlefields coin surcharge funds. The story does have a somewhat happy ending, however, as the Civil War Trust and the Association for the Preservation of Civil War Sites eventually stopped bickering long enough to realize that they could accomplish more working together. The two organizations merged in 1999, with the new organization being known as the Civil War Preservation Trust (later to be shortened to the Civil War Trust). Combined, the organization has saved 52,330 acres of 131 Civil War battlefields in 21 states. For more about the 1995 Civil War Battlefield coins, see: - 1995 Civil War Battlefield Coins- 1995 Civil War Battlefields Half Dollar Coin CoverFor a variety of posts about commemorative coins and medals, see: Read More: Commems Collection. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
9811 Posts |
Interesting facts, I did not know, but knowing Senator Lott I am not at all surprised by his brazen attempt at theft.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440
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Pillar of the Community
United States
1613 Posts |
Your research and knowledge amazes me. Another great read! Without getting into politics, I wonder how long before another group tries to steal the surcharge claiming reparations? It's the world we're living in now it seems.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
Edited by Ballyhoo 07/19/2021 08:45 am
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Moderator
 United States
197031 Posts |
Very interesting!  Trent Lott involved in shenanigans... In other news, water is wet and the sun is hot. 
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Pillar of the Community
United States
3747 Posts |
Politicians and money is an old, old story. It's at least as old as debasement of Roman silver denarii. Random and utterly irrelevant geographical trivia. The Denver Mint is located on West Colfax Avenue in Denver. Starting from the east, three consecutive buildings on that side of Colfax are the City Council Chambers, the Denver Mint, and the City and County of Denver Sheriff's office. Yep. At least in Denver, the route of politicians through money leads to jail. 
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Valued Member
United States
477 Posts |
Informative read. Thank you
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Pillar of the Community
United States
2869 Posts |
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Moderator
 United States
197031 Posts |
Quote: The Denver Mint is located on West Colfax Avenue in Denver. Starting from the east, three consecutive buildings on that side of Colfax are the City Council Chambers, the Denver Mint, and the City and County of Denver Sheriff's office. Yep. At least in Denver, the route of politicians through money leads to jail 
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Pillar of the Community
United States
9811 Posts |
fortcollins - so true! My last home in Colorado was only 5 blocks from Colfax, man how we cruised that strip out west in the 70-80's on the weekends in our cars. I remember right after 9/11 the security on that several block area was tightened up big time, to the point it was closed to pedestrians walking at night for several years. Used to regularly get stopped as I was hustling to make the last bus at night, "ID check" probably because I wore a poncho and a leather jacket back then.
Colfax Avenue is also the longest commercial street in America, true fact. 26.5 miles through the cities of Aurora, Denver, Lakewood and Golden, Colorado. Known as the "Gateway to the Rockies" from the plains to the mountains.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440
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Replies: 8 / Views: 1,337 |
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