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: Sen. Blumenthal, Richard [D-CT]
Target Audience
Population: people interested in United States Marine Corps commemorative coins and programs
Estimated Size: 950000
- The bill involves the minting of coins, which are collectibles typically purchased by coin collectors.
- The coins commemorate the 250th anniversary of the United States Marine Corps, drawing particular interest from active-duty and retired members of the Marine Corps.
- Funds from the surcharges will benefit the Marine Corps Heritage Foundation, which supports the Marine Corps Heritage Center, potentially impacting those involved or interested in Marine Corps history and heritage.
Reasoning
- I considered various types of people that might be impacted by the policy, including coin collectors, active-duty and retired Marines, and those interested in Marine Corps history.
- Coin collectors may have an interest due to the historical and commemorative nature of the coins, though not all collectors will necessarily make a purchase.
- Active-duty and retired Marines and their families may have a vested interest in supporting the Marine Corps Heritage Foundation through the purchase of these coins.
- Given the number of coins minted and sold, the impact on the general welfare of collectors and Marines might range from low to medium, depending on personal interest and financial capability.
Simulated Interviews
Active-duty Marine (Virginia)
Age: 42 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 5.0 years
Commonness: 12/20
Statement of Opinion:
- I think the commemorative coins are a great way to honor the Marine Corps' history.
- I would consider purchasing a coin set for personal collection and to support the Marine Corps Heritage Foundation.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 9 | 8 |
| Year 2 | 9 | 8 |
| Year 3 | 9 | 8 |
| Year 5 | 9 | 8 |
| Year 10 | 9 | 8 |
| Year 20 | 8 | 8 |
Retired (California)
Age: 67 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 8/20
Statement of Opinion:
- I am excited about the opportunity to purchase a commemorative coin for my collection.
- I appreciate that the proceeds support the Marine Corps Heritage Foundation, which does important work preserving history.
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 |
Marine Reserve (North Carolina)
Age: 29 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 15/20
Statement of Opinion:
- The coins are an innovative way to engage the public with the history of the Marine Corps.
- There might be a substantial interest in these coins within veteran groups.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Coin dealer (Texas)
Age: 35 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 10/20
Statement of Opinion:
- From a business perspective, this could spark interest among my customers.
- I see potential in these coins as a unique collectible item.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 9 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 6 | 7 |
Historian (Florida)
Age: 54 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 2.0 years
Commonness: 14/20
Statement of Opinion:
- While I might not purchase the coins, I'm supportive of any initiative that promotes Marine Corps history.
- It's a positive step for those wishing to commemorate through collection.
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 |
Museum curator (New York)
Age: 60 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 10/20
Statement of Opinion:
- Museums and educational societies might benefit indirectly if there's increased interest in Marine history.
- It adds potential content and artifacts for exhibits.
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 | 6 |
Accountant (Ohio)
Age: 46 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 1.0 years
Commonness: 16/20
Statement of Opinion:
- Although I'm not a collector, these coins seem like they might appreciate in value over time.
- Professional distance, but personal interest from an investment perspective.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 5 | 5 |
| Year 3 | 5 | 5 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Graphic designer (Illinois)
Age: 25 | Gender: other
Wellbeing Before Policy: 6
Duration of Impact: 20.0 years
Commonness: 7/20
Statement of Opinion:
- These coins have prompted my interest as a novice collector.
- It's meaningful for me as a gesture towards my family member's service.
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 | 8 | 6 |
| Year 20 | 9 | 6 |
Teacher (Georgia)
Age: 58 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 11/20
Statement of Opinion:
- I would use these coins as educational tools in my classes to engage students.
- It promotes history learning through tangible means.
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 | 6 |
Software engineer (Colorado)
Age: 30 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 0.0 years
Commonness: 18/20
Statement of Opinion:
- The unique nature of these coins appeals to my hobbyist interest.
- Although not directly impactful to my wellbeing, I find them intriguing.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 5 | 5 |
| Year 3 | 5 | 5 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Cost Estimates
Year 1: $10000000 (Low: $8000000, High: $12000000)
Year 2: $2500000 (Low: $2000000, High: $3000000)
Year 3: $2500000 (Low: $2000000, High: $3000000)
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 designed to be cost-neutral for the government with surcharges covering expenses.
- The intended audience is primarily in the United States, leading to limited international sales.
- The minting and sale of coins could stimulate small-scale economic activity among collectors.