The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Wednesday, 25th March 2009 (868 views)

A plan to produce a commemorative gold coin to honour US troops has been put forward by a Pennsylvania congressman.

Christopher Carney has suggested the introduction of the Medal of Honour Commemorative Coin Act of 2009, a move that would see a gold coin produced in 2011 to recognise the US army, navy and air force, Stars and Stripes reports.

Around 100,000 $5 (£3.42) pieces would be produced under the bill, with each coin carrying a $35 surcharge.

Director of communications for Mr Carney Vincent Rongione told the news source that getting the coins approved will be difficult, as the US Mint only produces two commemorative coins per year, with one project already being given approval for 2011.

"We are really excited about it and we certainly hope that our coin is selected as the second coin because it is a great message to send," he was quoted as saying.

Gold expert Scott Travers recently told Fox Business that coins made from the precious metal tend to retain their value better than bullion or futures.

 

« Back to Gold News stories