A notice has been published in the Federal Register for an upcoming meeting of the Citizens Coinage Advisory Committee (CCAC) to discuss a potential 2015 24-Karat Gold Ultra High Relief Coin and Silver Medal.
At this time, there have been no specific details provided on the potential products under consideration. The meeting will take place tomorrow July 22, 2014 at 3:00 PM ET by teleconference. I plan to listen in on the call and will report on the discussion.
As explored in this previous post, under 31 U.S.C. § 5112(i)(4)(C) the Secretary of the Treasury may prescribe program procedures and specifications for minting and issuing new gold bullion and proof coins. The provision grants broad authority with regards to coin specifications, designs, varieties, quantities, denominations, and inscriptions.
The United States Mint has used this authority to produce the 2009 Ultra High Relief Double Eagle Gold Coin as well as the upcoming 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coin.
Presumably, the US Mint would once again use this authority to produce a new Ultra High Relief Gold Coin for 2015. Since comparable authority does not exist for silver coins, any silver version would have to be issued as a non-legal tender medal.
What will the next product be? Will the US Mint revisit another classic design? Or an ultra high relief of a modern design? Or create an entirely new design, potentially beginning a new modern series?
I will report back tomorrow with any available details.