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<p>[QUOTE="Treashunt, post: 500764, member: 6763"]Noost:</p><p> I knew the answer to your question, but, honestly did not know why.</p><p>Further research showed:</p><p><br /></p><p>Full text of "1. U.S. Mint's commemorative coin program : hearing before the Subcommittee on Domestic and International Monetary Policy of the Committee on Banking and Financial Services, House of Representatives, One Hundred Fourth Congress, first session, July 12, 1995" </p><p><br /></p><p><br /></p><p><br /></p><p>"The commemorative programs mandated by Congress have be- come raids on the purses of those collectors who purchase the coins. They thereby support the various nonprofit beneficiary organiza tions even though they are denied tax deductions that a direct do- nation would earn. "</p><p><br /></p><p><br /></p><p><a href="http://www.archive.org/stream/usmintscommemora00unit/usmintscommemora00unit_djvu.txt" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.archive.org/stream/usmintscommemora00unit/usmintscommemora00unit_djvu.txt" rel="nofollow">http://www.archive.org/stream/usmintscommemora00unit/usmintscommemora00unit_djvu.txt</a></p><p><br /></p><p>Granted this is just a sub-committee hearing about the abuses of the program and the proliferation of the commem program, but it does state the above.[/QUOTE]</p><p><br /></p>
[QUOTE="Treashunt, post: 500764, member: 6763"]Noost: I knew the answer to your question, but, honestly did not know why. Further research showed: Full text of "1. U.S. Mint's commemorative coin program : hearing before the Subcommittee on Domestic and International Monetary Policy of the Committee on Banking and Financial Services, House of Representatives, One Hundred Fourth Congress, first session, July 12, 1995" "The commemorative programs mandated by Congress have be- come raids on the purses of those collectors who purchase the coins. They thereby support the various nonprofit beneficiary organiza tions even though they are denied tax deductions that a direct do- nation would earn. " [url]http://www.archive.org/stream/usmintscommemora00unit/usmintscommemora00unit_djvu.txt[/url] Granted this is just a sub-committee hearing about the abuses of the program and the proliferation of the commem program, but it does state the above.[/QUOTE]
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