October 29, 1998
Contact:
Contact: Craig D'Ooge (202) 707-9189
President Signs Bill To Issue Commemorative Coin for Library's Bicentennial
President Clinton signed the Library of Congress
Bicentennial Commemorative Coin Act of 1998 on October 21.
The House had passed the bill authorizing the coin on August
4, with Senate approval following on October 6 by unanimous
consent. The act authorizes the U.S. Mint to issue
bicentennial commemorative coins for the Library in the year
2000, including the nation's first bimetallic coin (gold and
platinum). Up to 500,000 $1 silver coins, with a surcharge
of up to $5 will also be issued, with an option of up to
200,000 $10 bimetallic coins with a surcharge of up to $50
or up to 100,000 $5 gold coins, with a surcharge of up to
$35. Proceeds will be used for educational initiatives at
the Library, primarily the National Digital Library Program.
Librarian of Congress James H. Billington said he was
grateful to Congress and the president for their support of
the Library and the legislation authorizing the coin.
"By authorizing a commemorative coin for the Library in
its 200th anniversary year, Congress recognizes the
significance of the Library in the nation's intellectual and
cultural life," said Dr. Billington. "The President's
signature on this act will energize the Library's
bicentennial effort."
The Library, which is the nation's oldest federal
cultural institution, announced on October 6, 1997, its
intention to celebrate the 200th anniversary of its founding
in 1800. Commemorative coins are one of a number of
Bicentennial projects that are planned. Others include
³Gifts to the Nation² that will enrich the collections and
their use, through special acquisitions and endowments;
Local Legacies that will document -- through congressional
offices -- events and traditions in communities around the
country; and, Favorite Poem, a program that will record for
the Library¹s poetry archives 1,000 audio and 200 video
tapes of people from all walks of life reading poetry aloud,
as well as symposia, exhibitions, publications, a photo
contest, and commemorative stamp.
The Library¹s Bicentennial will also mark the
accomplishments of the National Digital Library Program,
which is making available on the Library¹s Web site millions
of items from the American history collections of the
Library and other major repositories. The Library¹s Web
site, one of the most popular in the world, is at
www.loc.gov/.
Efforts to secure a Bicentennial commemorative coin
began more than a year ago. Dr. Billington first discussed
the coin with Philip Diehl, Director of the U.S. Mint, in
May 1997. Mr. Diehl suggested that the Library coin might
be issued as the nation's first bimetallic
coin -- gold and platinum -- thereby increasing its value
and appeal to the numismatic community.
In August 1997, Dr. Billington addressed the Citizens
Commemorative Coin Advisory Committee and requested their
endorsement of a Library commemorative coin. In its
December 1997 Annual Report to Congress, the Citizens
Commemorative Coin Advisory Committee recommended a Library
bicentennial coin as one of only two commemorative coins to
be issued in 2000. (Commemorative coin reform legislation
passed in 1996 limited the number to two per year.)
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PR 98-174
10/29/98
ISSN 0731-3527