Bill Overview
Title: 100th anniversary of the Lincoln Memorial Commemorative Coin Act
Description: This bill directs the Department of the Treasury to mint and issue not more than 500,000 $1 coins in commemoration of the 100th anniversary of the Lincoln Memorial. All sales of coins issued under this bill shall include a surcharge which shall be paid to the Trust of the National Mall for the purpose of restoring and preserving the Lincoln Memorial.
Sponsors: Rep. LaHood, Darin [R-IL-18]
Target Audience
Population: People interested in purchasing Lincoln Memorial Commemorative Coins
Estimated Size: 400000
- The bill involves the minting of up to 500,000 commemorative coins.
- People who purchase these coins will be directly impacted, as they will own the coins and bear the cost of the surcharge.
- Numismatists (coin collectors) are particularly likely to be affected, given the nature of the bill.
- Tourists and visitors to the Lincoln Memorial may indirectly benefit from improvements funded by the surcharge.
- The general U.S. public may indirectly benefit due to the restoration and preservation of a national landmark.
Reasoning
- The bill targets numismatists and individuals interested in U.S. history as likely purchasers of the coins.
- The primary aim is to raise funds for the restoration of the Lincoln Memorial through coin sales.
- Those directly purchasing the coins may experience a positive impact due to personal satisfaction or increased collection value.
- The general public may experience indirect benefits from improved conditions at the Lincoln Memorial, impacting cultural heritage pride.
- Given the limited minting, direct impact is restricted to purchasers, but indirect cultural and historical benefits are broader.
Simulated Interviews
History Teacher (Washington, D.C.)
Age: 45 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 1.0 years
Commonness: 8/20
Statement of Opinion:
- I think it's a wonderful initiative to commemorate history.
- It's important for maintaining national heritage sites.
- I might not personally buy a coin, but I support the idea.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Coin Collector (Chicago, IL)
Age: 33 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 4/20
Statement of Opinion:
- I'm excited about the Lincoln Memorial coin.
- It would be a valuable addition to my collection.
- I will definitely be purchasing one.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 7 | 6 |
Retired Engineer (Los Angeles, CA)
Age: 60 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 1.0 years
Commonness: 12/20
Statement of Opinion:
- I think it's nice to see such projects being promoted through coins.
- I used to collect coins; might consider getting one for nostalgia.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Museum Curator (Boston, MA)
Age: 27 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 2.0 years
Commonness: 6/20
Statement of Opinion:
- This coin initiative aligns perfectly with cultural preservation.
- I support the idea but might not buy it personally.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Financial Analyst (New York, NY)
Age: 40 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 3.0 years
Commonness: 10/20
Statement of Opinion:
- Depending on the coin's potential for appreciation, I might invest in a few.
- It serves both a financial and a cultural purpose.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Government Employee (Springfield, IL)
Age: 52 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 2.0 years
Commonness: 15/20
Statement of Opinion:
- Having coins like this can educate people on history's value.
- I appreciate efforts like this, though I may not buy one myself.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Tech Consultant (Houston, TX)
Age: 29 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 7/20
Statement of Opinion:
- I would be interested in buying the coin mainly for its design.
- While not a hardcore collector, uniqueness appeals to me.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Blogger (Seattle, WA)
Age: 37 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 4.0 years
Commonness: 5/20
Statement of Opinion:
- I think it's a good initiative to focus on such important national symbols.
- I would cover this story on my blog to raise awareness.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Real Estate Agent (Atlanta, GA)
Age: 50 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 8/20
Statement of Opinion:
- I'll likely buy a coin for my collection and support a worthy cause.
- Collecting coins is about heritage and history for me.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 7 | 7 |
Student (Miami, FL)
Age: 23 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 9/20
Statement of Opinion:
- I think initiatives like this are educational and valuable.
- I hope to see more similar projects focusing on education.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Cost Estimates
Year 1: $2500000 (Low: $2000000, High: $3000000)
Year 2: $0 (Low: $0, High: $0)
Year 3: $0 (Low: $0, High: $0)
Year 5: $0 (Low: $0, High: $0)
Year 10: $0 (Low: $0, High: $0)
Year 100: $0 (Low: $0, High: $0)
Key Considerations
- The program is self-funding through surcharges.
- The Trust of the National Mall benefits from fund allocations for restoration purposes.
- Demand for commemorative coins may vary, affecting total program revenue.