Bill Overview
Title: 250th Anniversary of the United States Marine Corps Commemorative Coin Act
Description: This bill directs the Department of the Treasury to mint and issue not more than 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half-dollar clad coins emblematic of the 250th anniversary of the United States Marine Corps. All surcharges received by Treasury from the sale of such coins must be paid to the Marine Corps Heritage Foundation and shall only be used for the purposes of supporting the mission of the Marine Corps Heritage Center.
Sponsors: Rep. Moulton, Seth [D-MA-6]
Target Audience
Population: People interested in commemorative coins related to the US Marine Corps
Estimated Size: 1200000
- Commemorative coin collectors around the world are likely to be impacted as they might be interested in purchasing these coins.
- Members of the United States Marine Corps and their families may have an interest due to the celebratory nature of the coins representing the Marine Corps' history.
- Employees and supporters of the Marine Corps Heritage Foundation will be affected as funds from the coin sales will support their organization.
- Historians and those interested in military history globally may have an interest in the coins as memorabilia.
Reasoning
- The target population includes coin collectors, active-duty Marines, and supporters of the Marine Corps Heritage Foundation.
- The policy doesn't have a direct financial impact on most Americans, so any changes in the well-being scores due to emotional or personal interest are more likely to be marginal for the wider population.
- The number of coins minted is limited, meaning only a small percentage of coin collectors and other interested individuals will actually be able to purchase them, thus limiting the overall impact of the policy.
- The funds generated will benefit the Marine Corps Heritage Foundation, which could indirectly affect a small niche population involved with the Marine Corps Heritage Center or related activities.
- Historical enthusiasts and collectors might experience a slight uptick in well-being due to the sentimental value of the coins.
- For most people, especially those not directly interacting with or benefiting from the policy, the impact is expected to be negligible.
- The policy does not allocate additional funds annually, limiting the potential scale and reach of its financial impact.
Simulated Interviews
Coin Collector (Dallas, TX)
Age: 55 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 5/20
Statement of Opinion:
- I think it's great to have a commemorative coin for the Marine Corps. I've collected similar coins and am excited to add this to my collection.
- These coins are historic and could become valuable in the future, which adds to their appeal for collectors like 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 | 7 | 7 |
| Year 10 | 7 | 6 |
| Year 20 | 6 | 6 |
Marine Corps Officer (Camp Pendleton, CA)
Age: 34 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 2.0 years
Commonness: 10/20
Statement of Opinion:
- I feel proud to see the Marine Corps recognized with a commemorative coin.
- I might buy one, but my well-being isn't dependent on it. It's a nice piece of history though.
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 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Retired Historian (Boston, MA)
Age: 65 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 1.0 years
Commonness: 8/20
Statement of Opinion:
- This initiative will bolster interest in the Marine Corps' rich history.
- I don't collect coins much, but I appreciate the storytelling aspect this initiative brings.
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 | 5 | 5 |
| Year 20 | 5 | 5 |
Museum Curator (Miami, FL)
Age: 29 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 0.0 years
Commonness: 3/20
Statement of Opinion:
- I'm glad to see more funding going toward preserving military history through the Foundation.
- The coins are an interesting way to commemorate such an important milestone.
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 | 6 | 6 |
Financial Analyst (New York, NY)
Age: 45 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 10/20
Statement of Opinion:
- I'm likely to buy one of these coins, but it's more as an investment in collectible items rather than personal interest.
- It’s a limited issue, so I'm intrigued by its future value.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 5 |
Philanthropist (Los Angeles, CA)
Age: 40 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 3.0 years
Commonness: 4/20
Statement of Opinion:
- I appreciate any support for the Marine Corps Heritage Center as it aligns with my charitable focus.
- Probably won't buy the coin, but the initiative is good for awareness.
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 | 7 | 7 |
| Year 10 | 7 | 6 |
| Year 20 | 6 | 6 |
Veteran (Chicago, IL)
Age: 50 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 2.0 years
Commonness: 6/20
Statement of Opinion:
- Feels a sense of pride seeing the Corps recognized.
- Not heavily into coins, but appreciates the gesture.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 5 |
| Year 20 | 5 | 5 |
Marine Corps Foundation Supporter (San Diego, CA)
Age: 60 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 3.0 years
Commonness: 2/20
Statement of Opinion:
- I'm happy to see the funds directed towards the Marine Corps Heritage Foundation.
- Hopefully this brings more attention to the importance of preserving history.
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 | 6 | 6 |
| Year 20 | 6 | 5 |
Graduate Student (Seattle, WA)
Age: 27 | Gender: other
Wellbeing Before Policy: 7
Duration of Impact: 1.0 years
Commonness: 5/20
Statement of Opinion:
- As an enthusiast in military history, I find the coin an appealing way to acknowledge significant military anniversaries.
- While I won't participate in buying, it's commendable for historical awareness.
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 | 6 | 6 |
| Year 20 | 6 | 6 |
Marine Corps History Enthusiast (Colonial Heights, VA)
Age: 37 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 3.0 years
Commonness: 3/20
Statement of Opinion:
- The coin offers a unique way to promote Marine Corps history.
- I plan to feature this in my blog to engage my audience.
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 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 6 | 6 |
Cost Estimates
Year 1: $0 (Low: $-10000000, High: $0)
Year 2: $0 (Low: $-10000000, High: $0)
Year 3: $0 (Low: $-10000000, High: $0)
Year 5: $0 (Low: $-10000000, High: $0)
Year 10: $0 (Low: $-10000000, High: $0)
Year 100: $0 (Low: $-10000000, High: $0)
Key Considerations
- The Marine Corps' historical significance may boost interest and sales significantly beyond initial estimates.
- Sales patterns of prior commemorative coin programs suggest that the U.S. Mint can recover costs and make a profit from such initiatives.