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Posted 04/26/2011 6:10 pm
Quote:
Otherwise it would be 100% of the proceeds going to them instead of $10 per purchase.
Otherwise it would be 100% of the proceeds going to them instead of $10 per purchase.
You seriously expect the Mint to produce the medals at a LOSS by turning over 100% of proceeds to the 9/11 Memorial? I think that is a rather untenable position regardless of where the proceeds are going, the US Mint is not a charity organization.
Judging by your comment about dead Presidents, I think you have a profound misunderstanding about what the Mint can actually do- their only task is to produce the nation's coinage. Coin and Medal legislation is proposed and written by Congress and this specific legislation was written by Rep. Gerald Nadler(D-NY) whose district includes Lower Manhattan. The legislation has to pass both the House and Senate and then be signed by the President. Once the law is signed, it is sent to the Commission of Fine Arts and the Citizens Coinage Advisory Committee for them to help select potential designs based upon the wording of the legislation. For the 9/11 medal, it is worded as such-
The legislation calls for a design "emblematic of the courage, sacrifice, and strength of those individuals who perished in the terrorist attacks of Sept.11, 2001, the bravery of those who risked their lives to save others that day, and the endurance, resilience, and hope of those who survived."
Specific verbiage shall be an inscription of the years 2001-2011 and an inscription of the words "Always Remember."
Once the CFA and CCAC make recommendations on designs, the Secretary of Treasury is responsible for picking the final design but Little Timmy Tax Cheater apparently holds those two groups in contempt since he seems to often select designs not recommended(the horribly PC Boy Scout and Platinum Eagle designs come to mind...).
As you can see, the US Mint has very little control over the coins and medals it is tasked with producing. They have no say in series, subject, or design- they can only mint what they are told to mint, simple as that.
