America’s Olympic and Paralympic Games Commemorative Coins Act
This bill authorizes the U.S. Treasury to mint and issue commemorative coins celebrating two upcoming Olympic and Paralympic Games to be held in the United States: the 2028 Summer Games in Los Angeles and the 2034 Winter Games in Salt Lake City. The legislation creates two separate coin programs, each featuring four denominations (gold $5, silver $1, half-dollar clad, and proof silver $1 coins) with specific mintage limits. The coins will be sold at prices covering production costs plus surcharges, with all surcharge revenue directed to the respective organizing committees to support hosting the Games and legacy programs promoting youth sports and athletic development. The bill ensures no net cost to the federal government and includes provisions allowing mintage increases if public demand exceeds initial limits.
Key Points
- 1Four coin denominations per program: Each Games will have $5 gold coins (up to 100,000), $1 silver coins (up to 500,000), half-dollar clad coins (up to 300,000), and proof silver $1 coins (up to 100,000)
- 2Surcharge revenue allocation: Surcharges ranging from $5 to $50 per coin will fund the organizing committees' operations and legacy programs, including youth sports promotion and athlete development
- 3Sales periods: 2028 coins may be sold during calendar year 2028; 2034 coins during calendar year 2034
- 4No federal cost requirement: All production costs must be recovered before any surcharge funds are distributed, ensuring no taxpayer expense
- 5Design consultation: Coin designs will be developed with input from Olympic and Paralympic Properties, organizing committees, the Commission of Fine Arts, and the Citizens Coinage Advisory Committee