This bill requires the Secretary of the Treasury to mint commemorative coins for two upcoming Olympic and Paralympic Games: the 2028 Summer Games in Los Angeles (LA28) and the 2034 Winter Games in Salt Lake City. For each Games the bill authorizes four coin types with limits on how many may be made: $5 gold coins, $1 silver coins, half-dollar clad coins, and large proof silver $1 coins. The coins must include standard inscriptions (value, year, "Liberty", "In God We Trust", "United States of America", and "E Pluribus Unum") and designs chosen after consultation with Olympic/Paralympic organizers and the Commission of Fine Arts and review by the Citizens Coinage Advisory Committee. Coins are legal tender and considered numismatic items. The Secretary may sell coins in uncirculated and proof qualities only during a one-year period beginning January 1, 2028 for LA28 coins and January 1, 2034 for the 2034 Winter Games coins. The Secretary may increase mintage if independent market research shows demand justifies it.
Collectors and members of the public can buy these coins when the U.S. Mint issues them. The Mint will accept prepaid orders and offer bulk sales at a discount. The sale price will include the coin's face value, a stated surcharge, and the Mint's costs for making and selling the coin. Designs will reflect U.S. athlete participation and will be selected after consultation with the Games organizers and arts advisors.
The bill sets fixed surcharges that will be added to sales: $35 for each $5 gold coin, $10 for each $1 silver coin, $5 for each half-dollar coin, and $50 for each proof silver $1 coin. Surcharges for LA28 are to be paid to United States Olympic and Paralympic Properties for hosting and legacy programs, and surcharges for 2034 are to be paid to the 2034 Organizing Committee for hosting and legacy programs. The Secretary must ensure minting and issuing the coins causes no net cost to the federal government and must recover all design and issuance costs before any surcharge funds are disbursed. No publicly available information on estimated total revenue or costs is included in the bill text.
The bill’s findings say the program will commemorate the return of the Olympic and Paralympic Games to the U.S., highlight U.S. athletes, and provide an opportunity to increase awareness and inclusion for people with disabilities. Proponents expect surcharges to support hosting, legacy programs, youth and winter-sports programs, and related promotional activities.
No publicly available information.