On October 26, 2011, the House of Representatives passed H.R. 2527, which calls for commemorative coins to be produced in recognition and celebration of the National Baseball Hall of Fame. The bill passed 416-3.
The bill was introduced earlier this year on July 14, 2011 by New York Congressman Richard Hanna. In order to become law, the bill must now be voted on and passed in the Senate and then signed into law by the President.
If approved, the bill would require the Secretary of the Treasury to produce up to 50,000 $5 gold coins, 400,000 silver dollars, and 750,000 clad composition half dollars to be issued during the one year period beginning on January 1, 2015.
A common obverse design for the coins would be selected through a competition judged by an expert jury chaired by the Secretary and three members of the Citizens Coinage Advisory Committee and three members of the Commission of Fine Arts. The common reverse would depict a baseball similar to those used by Major League Baseball. To the extent possible, the gold coin and silver dollar would have a concave obverse and convex reverse, to provide a more dramatic display of the design.
The sales price of the coins would include surcharges of $35 per gold coin, $10 per silver coin, and $5 per half dollar. These amounts would be distributed to the National Baseball Hall of Fame to help finance its operations.