After politicians decried 9/11 commemorative coins being sold for profit, the federal government is now selling its own 9/11 commemorative coin for $56.95. Ten dollars of the proceeds of each coin will go towards funding for the 9/11 Memorial and Museum. A law co-sponsored by Senator Schumer and Congressman Jerrold Nadler allows the US Mint to "strike up and offer for sale up to 2 million one-ounce silver 2011 September 11 National Medals." Sounding similar to some reprehensible infomercials we've seen, Schumer said in a press release, "These medals, commemorating the 10th anniversary of September 11th, provide a unique way to honor the bravery of those who perish and recall the patriotism and community that their sacrifice inspired in the nation."
The coin went on sale yesterday and received 12,000 orders in the first 90 minutes. President of the 9/11 Memorial and Museum Joe Daniels tells the Daily News, "When I heard that, you breathe a little easier. That's $120,000 right there to make sure this memorial is maintained." Daniels has told the city council that when the museum opens in 2012 it will be able to sustain itself on the $20 entry fee, and they also saved some money by not adding any bathrooms.
Daniels turned down a $30,000 donation offered by the National Collector's Mint, stemming from the proceeds of their own 9/11 commemorative coin, because he wasn't "comfortable" with the company, which had been investigated by then-Attorney General Eliot Spitzer for falsely claiming that the coin contained silver from the World Trade Center site. Get your coin now, before the price of exploiting a national tragedy jumps to $66.95 on August 18.