The United States Senate has unanimously passed H.R. 1830, the National Purpose Heart Hall of Honor Commemorative Coin Act. The act was passed on November 16, 2020 and now heads to the President for signature. When signed, it would authorize the commemorative coins to be made by the United States Mint in 2022. The bill was originally introduced to the House of Representatives in March 2019 before moving to the Senate in August last year. From August 2019 to November 2020 it was with the Senate’s Committee on Banking, Housing, and Urban Affairs.
The Act calls for the create of a $5 gold coin, a $1 silver coin and a Half Dollar clad commemorative coin to be made in honor of the National Purpose Heart Hall of Honor, located in New Windsor, New York. The Act indicates that the surcharges for the coin to be paid to the Hall of Honor to support its mission and for capital improvements to facilities.
In detail, the Act states that no more than 50,000 of the $5 gold coins will be produced. Additionally, the $1 silver coin will be limited to a production of 400,000 while the clad Half Dollar will have a production limit of 750,000. There are no requirements other than the usual United States coinage language around the designs for these coins. This means the Mint has some latitude in that it could make these a colorized commemorative coin for example.
Assuming that H.R. 1830 is signed by President Trump this year or President-Elect Biden in early 2021, designs for the coins will likely come in mid-2021 through the Commission of Fine Arts then the Citizens Coinage Advisory Committee (CCAC) with a final design approved late next year. There is no indication that the President is hesitant to sign the Act so it should pass regardless of who is actually President at the time.