Early buyers of 2015 U.S. Marshals Service coins prohibited from quick profit

Marshals Service employees permitted to buy coins in 2014
By , Coin World
Published : 10/23/14
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Employees who purchased Proof 2015 United States Marshals Service 225th Anniversary commemorative coins three months before their official release won’t be able to financially benefit from their acquisitions for at least 14 months, if ever.

The purchases by United States Marshals Service employees in September were permitted under Section 5(c) of the enabling legislation, Public Law 112-104, which states, “The [Treasury] secretary may issue coins, to the public, minted under this Act beginning on or after January 1, 2015, except for a limited number to be issued prior to such date to the Director of the United States Marshals Service and employees of the Service for display and presentation during the 225th Anniversary celebration.”

However, restrictions have been imposed on any resale of the commemorative coins.

Drew J. Wade, chief of public affairs for the United States Marshals Service, said Oct. 17, “Early purchasers may not personally financially profit by receipt of payments for loan or use of the coins during the 225th period. 

“The early purchase of the coins is an unusual privilege and was allowed by Congress for the good of the USMS and the public interest in celebrating the 225th anniversary and history of the USMS, not for personal gain.”

Wade said the celebration period runs from Sept. 24, 2014 — the 225th anniversary date — through Dec. 31, 2015, the last day the commemorative gold $5 half eagles, silver dollars, and copper-nickel clad half dollars can legally be struck by the U.S. Mint.

Wade told Coin World he did not know if the prohibition against financial benefit extended beyond Dec. 31, 2015.

Pre-sales confirmed

Adam Stump, deputy director of public affairs for the United States Mint, said Oct. 16 that the “limited number” of pre-sale coins referenced in the enabling legislations totals 35 Proof examples of each of the three commemorative coin denominations.

“Sixteen of each coin type have been sold thus far” to U.S. Marshals Service employees, Stump said. “The USMS personnel said they are planning to purchase the remaining 19 of each coin type.’

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