President Clinton signed legislation October 21 authorizing the U.S. Mint to issue commemorative coins marking the Library of Congress's bicentennial in the year 2000, including the nation's first bimetallic coin (gold and platinum).
Up to 500,000 one-dollar silver coins (with a surcharge of up to $5) will be issued, with the 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 LC, primarily the National Digital Library Program.
"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 Librarian of Congress James H. Billington. "The president's signature on this act will energize the library's bicentennial effort."
Posted November 16, 1998.