This bill requires the Secretary of the Treasury to mint and issue commemorative coins in recognition of the bicentennial of the Erie Canal, celebrating its historical significance as a transformative public works project that fostered industrialization, settlement, and social reform. The legislation authorizes the minting of up to 50,000 $5 gold coins , 400,000 $1 silver coins , and 750,000 half-dollar clad coins , all of which will be legal tender. These coins will feature designs emblematic of the Erie Canal's impact on the United States and New York State, including inscriptions like "Liberty" and the year "2026". They will be issued in uncirculated and proof qualities during a one-year period starting January 1, 2026, with designs selected after consultation with the Commission of Fine Arts and the Erie Canalway Heritage Fund, Inc. Coins will be sold at a price covering their face value, a surcharge, and all design and issuance costs. Surcharges are set at $35 for gold coins, $10 for silver coins, and $5 for half-dollar coins. These funds will be distributed to the Erie Canalway Heritage Fund, Inc. , to support historic preservation, conservation, recreation, and educational programs related to the Erie Canalway National Heritage Corridor. A crucial provision ensures that the commemorative coin program will operate at no net cost to the United States Government. Surcharge funds will only be disbursed to the designated recipient after all costs associated with designing and issuing the coins have been fully recovered by the U.S. Treasury.
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Erie Canal Bicentennial Commemorative Coin Act
USA119th CongressHR-1546| House
| Updated: 2/24/2025
This bill requires the Secretary of the Treasury to mint and issue commemorative coins in recognition of the bicentennial of the Erie Canal, celebrating its historical significance as a transformative public works project that fostered industrialization, settlement, and social reform. The legislation authorizes the minting of up to 50,000 $5 gold coins , 400,000 $1 silver coins , and 750,000 half-dollar clad coins , all of which will be legal tender. These coins will feature designs emblematic of the Erie Canal's impact on the United States and New York State, including inscriptions like "Liberty" and the year "2026". They will be issued in uncirculated and proof qualities during a one-year period starting January 1, 2026, with designs selected after consultation with the Commission of Fine Arts and the Erie Canalway Heritage Fund, Inc. Coins will be sold at a price covering their face value, a surcharge, and all design and issuance costs. Surcharges are set at $35 for gold coins, $10 for silver coins, and $5 for half-dollar coins. These funds will be distributed to the Erie Canalway Heritage Fund, Inc. , to support historic preservation, conservation, recreation, and educational programs related to the Erie Canalway National Heritage Corridor. A crucial provision ensures that the commemorative coin program will operate at no net cost to the United States Government. Surcharge funds will only be disbursed to the designated recipient after all costs associated with designing and issuing the coins have been fully recovered by the U.S. Treasury.