Legislation calling for gold $5 and silver $1 coins with convex reverse and concave obverse to mark the 75th anniversary of the opening of the Baseball Hall of Fame in Cooperstown, N.Y., was approved by the U.S. Senate July 12.
Mintages of the 2014 coins would be limited to 50,000 gold and 400,000 silver dollars. The bill also calls for the minting of no more than 750,000 clad half dollars.
The U.S. House of Representatives passed a similar bill calling for the coins in 2015. The two versions will have to be reconciled between the two chambers of Congress before being presented to President Barack Obama for signature.
The coins are to have a common reverse design of a baseball. Putting the design on convex gold and silver planchets will give it a three-dimensional quality.
The Treasury secretary is mandated to hold a design competition to select the common obverse design of the three coins and the winning design will earn not less than $5,000.
Surcharges of $35, $10 and $5 will be added to the price of the gold, silver and clad coins, respectively. Income generated by these surcharges will go to the National Baseball Hall of Fame to help finance its operations.