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Commems Collection Modern: What If? 1971 Apollo 11 / Lunar Landing Trust Fund

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commems's Avatar
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 Posted 07/10/2024  5:20 pm Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message Number of Subscribers
In March 1971, during the First Session of the 92nd US Congress, Olin Earl Teague (D-TX) introduced a bill in the House of Representatives that provided for the striking of a 50-cent coin to commemorate the Apollo 11 Moon Landing (July 1969) and the establishment of the "Apollo Lunar Landing Trust Fund."

The bill called for the striking of up to 50 million half dollars! The bill also included general specifications for the coin's designs: the obverse was to feature an "Official Apollo 11 emblem" and the reverse a design that includes the inscription "WE CAME IN PEACE FOR ALL MANKIND" - I can envision the inscription above a depiction of the surface of the moon.

Integral to the coin, the bill also called for the establishment of an Apollo 11 Lunar Landing Commemorative Commission ("Commission"), the Chair of which was to be the Administrator of the National Aeronautics and Space Administration (NASA), the Commission was also to include the Director of the John F. Kennedy Space Center and three additional members to be appointed by the US President.

The Commission was charged with: 1) Establishing the design of the Official Apollo 11 emblem (to be used on the coin's obverse), 2) Authorizing the issue of the coins, 3) Selecting the distributor of the coins (the Commission was not locked into using the US Mint for sales/marketing/distribution), 4) Establishing the number of coins to be struck along with the date(s) for their issue and 5) Determining how the funds collected from coin sales were to be used.

The bill was somewhat broad in its specifications for how the coin sale funds were to be used, stating that the Trust Fund was to be used for "expenditures to meet those obligations of the United States hereafter incurred which are attributable to the continued development, construction, maintenance, and operation of the space information and education center at the John F. Kennedy Space Center (now the Kennedy Space Center Visitor Complex), and other space information and education purposes." The Commission certainly was to have considerable leeway in its allocation of funds.

The bill was referred to the House Committee on Banking and Currency upon its introduction, but was not reported out of Committee, and never received further consideration. As no companion bill had been introduced in the Senate, the coin and Trust Fund proposal did not move forward.

I've posted about other Apollo 11 coin proposals of the time, you can check them out here:

- What If? 1969 Apollo 11 - Part I
- What If? 1969 Apollo 11 - Part Ii
- What If? 1970 Moon Landing And National Air And Space Museum


For other of my posts about commemorative coins and medals, including other What If? stories from the classic and modern eras of US commemorative coins, see: Commems Collection.




Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
07/10/2024 5:22 pm
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 Posted 07/10/2024  6:49 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good thing it failed, before Frank Gasparro could have a go at it.
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 Posted 07/10/2024  10:36 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Thanks for the writeup.

It only took another 50 years for it to happen, and we got curved coins out of it, including a 3" one! I need to pull mine out and look them over again.
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 Posted 07/11/2024  04:46 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Interesting What if - thanks for sharing the info.
Take a look at my other hobby ... http://www.jk-dk.art
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 Posted 07/11/2024  10:29 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
It only took another 50 years for it to happen, and we got curved coins out of it, including a 3" one! I need to pull mine out and look them over again.


Quote:
Good thing it failed, before Frank Gasparro could have a go at it.
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 Posted 07/11/2024  8:33 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Thanks, commems, for another interesting read!
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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commems's Avatar
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 Posted 07/13/2024  09:58 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Good thing it failed, before Frank Gasparro could have a go at it.

Don't be bad mouthing my man Frank!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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commems's Avatar
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 Posted 04/09/2025  07:31 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
ADDENDUM

In February 1973, early in the First Session of the 93rd Congress, Representative Teague re-introduced his Apollo 11 Lunar Landing and Trust Fund commemorative coin bill in the House of Representatives.

It included the same provisions as his previous bill (March 1971, First Session of 92nd Congress), including the provision for up to 50 million coins to be struck! Considering the date of introduction for the coin bill, the coins would likely have been dated "1973" or "1974" rather than "1971" or "1972" as would have been the case if Teague's first bill had been authorized/approved.

Teague's new bill did not fare any better than his original, however. Upon its introduction, it was referred to the House Committee on Banking and Currency, but it was not reported out of Committee nor ever considered by the Whole House.

As with the original coin proposal, if the coin bill had been approved, it would have resulted in the striking of copper-nickel (CuNi) clad half dollars that would have contained "a fractional content of an appropriate metal derived from the Apollo 11 spacecraft" - a relic coin!

IMO, it was unfortunate that neither of Teague's bills gained any traction. I think either would have produced an interesting coin. I'm not sure 50 million half dollars would have been necessary to meet public demand, especially as the Apollo 11 mission was fast becoming a collective national memory vs. current event (and thus losing some momentum among the general public), but the history of US commemorative coins tells us that its typical to ask for more than you can sell vs. less!


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