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Inflation comes to U.S. gold commemorative coinage
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<p>[QUOTE="Conder101, post: 5169440, member: 66"]It's because "technically" these are not commemorative coins. The law only allows two commemorative coin programs each year, and both of this years programs were filled with the Basketball and Womens' voting centennial.</p><p><br /></p><p>To get around that problem they used the Secretary of the Treasury's' authority to use whatever design he wishes on the gold bullion coins of less than $50 denomination.</p><p><br /></p><p><br /></p><p><br /></p><p>So technically these are part of the gold bullion coin program and the 1/4 oz gold bullion coins have a $10 denomination. The design just "happens" to honor the Mayflower landing and thus nicely getting around the two commemorative program law without the need of additional legislation.</p><p><br /></p><p>They tried to use this once before to argue that it gave the Mint the legal authority to strike the gold Sac dollars since they used 1/2 oz gold bullion coin planchets. If they had made them gold Sac $25 coins they might have gotten away with it.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 5169440, member: 66"]It's because "technically" these are not commemorative coins. The law only allows two commemorative coin programs each year, and both of this years programs were filled with the Basketball and Womens' voting centennial. To get around that problem they used the Secretary of the Treasury's' authority to use whatever design he wishes on the gold bullion coins of less than $50 denomination. So technically these are part of the gold bullion coin program and the 1/4 oz gold bullion coins have a $10 denomination. The design just "happens" to honor the Mayflower landing and thus nicely getting around the two commemorative program law without the need of additional legislation. They tried to use this once before to argue that it gave the Mint the legal authority to strike the gold Sac dollars since they used 1/2 oz gold bullion coin planchets. If they had made them gold Sac $25 coins they might have gotten away with it.[/QUOTE]
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Inflation comes to U.S. gold commemorative coinage
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