Commems Collection Modern: Quick Bits #09 - Reducing The National Debt / 1990's

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Author	Replies: 6 / Views: 88
commems CCF Master Historian of USA Commemoratives United States 12413 Posts	Posted Today 9H 17M ago Continuing my survey of United States ("US") modern series commemorative coins that were setup to reduce the national debt... - 1990 Dwight David Eisenhower Birth Centennial "The Secretary shall deposit in the general fund of the Treasury for the purpose of reducing the Federal debt an amount equal to the amount of all surcharges that are received by the Secretary from the sale of the coins referred to in section 1(a)." - 1991 United Services Organization 50th Anniversary "Surcharges received from the sale of coins minted under this Act and deposited in the coinage profit fund under section 12 shall be used as follows: "(1) USO PROGRAMS.—50 percent shall be promptly paid to the USO. Such amounts shall be used by the USO to fund programs, including airport centers, fleet centers, family and community centers, and celebrity entertainment. "(2) REDUCTION OP NATIONAL DEBT.-- 50 percent shall be transferred to the general fund of the Treasury for the sole purpose of reducing the national debt." - 1991 Mount Rushmore National Memorial - 50th Anniversary "Of the total surcharges received by the Secretary from the sale of the coins issued under this Act-- "(1) 50 percent shall be returned to the Federal Treasury for purposes of reducing the national debt; and "(2) 50 percent shall be promptly paid by the Secretary to the Society to assist the Society's efforts to improve, enlarge, and renovate the Mount Rushmore National Memorial." The authorizing legislation was amended in 1994: "Section 8 of the Mount Rushmore Commemorative Coin Act (104 Stat. 314; 31 U.S.C. 5112 note) is amended by striking paragraphs (1) and (2) and inserting the following: "(1) the first $18,750,000 shall be paid during fiscal year 1994 by the Secretary to the Society to assist the Society's efforts to improve, enlarge, and renovate the Mount Rushmore National Memorial; and "(2) the remainder shall be returned to the Federal Treasury for purposes of reducing the national debt." 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. Report this Post to the Staff

jbuck Moderator United States 192545 Posts	Posted Today 6H 30M ago Very interesting and thank you for sharing! I see my favourite modern commemorative silver dollar up there. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
psuman08 Pillar of the Community United States 1822 Posts	Posted Today 6H 13M ago Glad to know that I helped with the debt in the 90s. It's clear we solved the problem Report this Post to the Staff
nickelsearcher Moderator United States 15709 Posts	Posted Today 5H 0M ago Quote: Glad to know that I helped with the debt in the 90s. Thanks for your contribution. I, alas, own zero modern commemoratives so I'm not helping at all. Take a look at my other hobby ... http://www.jk-dk.art Report this Post to the Staff
jbuck Moderator United States 192545 Posts	Posted Today 4H 45M ago Quote: It's clear we solved the problem Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
commems CCF Master Historian of USA Commemoratives United States 12413 Posts	Posted Today 3H 33M ago Quote: I see my favourite modern commemorative silver dollar up there. I always knew you had a soft spot for the USO Silver Dollar! Collecting history one coin or medal at a time! (c) commems. All rights reserved. Report this Post to the Staff
jbuck Moderator United States 192545 Posts	Posted Today 2H 25M ago Quote: I always knew you had a soft spot for the USO Silver Dollar! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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