This bill directs the Treasury Secretary to mint commemorative coins in 2029 celebrating the 100th anniversary of the Foreign Service of the United States. The coins come in three denominations—$5 gold, $1 silver, and 50-cent clad—with specified production caps, and all surcharges from their sale are donated to the Association for Diplomatic Studies and Training to support diplomatic history preservation.
Who benefits
The Association for Diplomatic Studies and Training (a 501(c)(3) nonprofit) receives all surcharges after Treasury cost recovery; collectors and numismatic investors who purchase the commemorative coins; precious metals dealers who sell the coins at markup; the Foreign Service community receives recognition and indirect support through the Association's diplomatic history preservation work.
Who pays / loses
Consumers and collectors who purchase the coins at above-face-value prices (paying production costs plus surcharges); the U.S. Mint incurs design and production labor and overhead (though the bill requires full cost recovery); other commemorative coin programs may be displaced if this issuance reaches the annual 2-program limit.
Fiscal note: No net cost to the U.S. Government; Treasury must recover all design and issuance costs before disbursing surcharges. Exact surcharge total is indeterminate but could range from approximately $1.75 million to $9.75 million depending on sales volume (50,000 × $35 + 400,000 × $10 + 750,000 × $5 = maximum potential surcharge if all coins sell).
Funding & Lobbying Interests
The Association for Diplomatic Studies and Training is the primary financial beneficiary. This organization depends on member funding, donations, contracts, and grants; commemorative coin surcharges provide a new revenue source. No corporate or industry lobbying interests are directly named in the bill text. Coin dealers and precious metals retailers have indirect financial interest in increased numismatic coin sales. The bill does not reference campaign donations to the sponsor (Rep. Ami Bera) or co-sponsors.
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