Disabled Veterans Coin Act Signed into Law
On July 17, 2008, President Bush officially signed into law the American Veterans Disabled for Life Commemorative Coin Act. Under the law, the US Mint will be allowed to mint and issue up to 350,000 Disabled Veterans Commemorative Coins.
The Act was first introduced on January 23, 2007. it was passed by the House of Representatives on May 15, 2007, and passed by the Senate on June 10, 2008.
The Commemorative Coins will be minted and issued during the calendar year starting January 1, 2010. According to the bill the design requirements are as follows:
The design of the coins minted under this Act shall be emblematic of the service of our disabled veterans who, having survived the ordeal of war, made enormous personal sacrifices defending the principles of our democracy.
Each coin sold will carry a surcharge of $10. This amount will go to the Disabled Veterans’ LIFE Memorial Foundation. They plan to use these funds in order to establish an endowment to support the construction of American Veterans’ Disabled For Life Memorial in Washington, DC.