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S. 1289: 25th Anniversary of 9/11 Commemorative Coin Act

This bill is titled the "25th Anniversary of 9/11 Commemorative Coin Act." It aims to commemorate the 25th anniversary of the September 11, 2001, terrorist attacks by minting and issuing special coins. The legislation outlines the following key provisions:

Purpose

The primary goal of the bill is to authorize the Secretary of the Treasury to create specific coins that honor the memory of those who lost their lives or were otherwise affected by the attacks on September 11, 2001. The bill also aims to support the ongoing operations of the National September 11 Memorial and Museum at the World Trade Center.

Coin Specifications

The bill specifies that the coins will include:
- Gold Coins: Up to 50,000 coins, each valued at $5, weighing 8.359 grams and composed of at least 90% gold.
- Silver Coins: Up to 400,000 coins, each valued at $1, weighing 26.73 grams and composed of at least 90% silver.
All minted coins will be considered legal tender and categorized as numismatic items.

Coin Design

The designs of the coins will reflect the heroism, sacrifice, and resilience of individuals involved in the events of that day. Specific inscriptions will include "Never Forget," along with standard inscriptions such as "Liberty," "In God We Trust," and "United States of America." The designs will be selected in consultation with the National September 11 Memorial and Museum and the Commission of Fine Arts.

Issuance Timeline

The coins will be issued in uncirculated and proof qualities.
Issuance of the coins will occur only during a one-year period beginning January 1, 2027.

Sale of Coins

The Secretary of the Treasury will set the sale price to include the face value of the coins, a surcharge, and the cost of designing and issuing the coins. Bulk sales may be offered at a reasonable discount, and prepaid orders will be accepted.

Surcharges

All coin sales will include surcharges:
- $35 for each $5 gold coin
- $10 for each $1 silver coin
The collected surcharges will be directed to the National September 11 Memorial and Museum for its operations and maintenance.

Financial Assurances

The bill requires that minting and issuing the coins should not result in any net cost to the Federal Government. The Secretary will ensure that all costs are recovered before any funds are distributed to the Memorial and Museum.