Legislation introduced in the House and Senate would authorize gold
$5 half eagles and silver dollars in 2020, while a separate bill seeks
a congressional gold medal, all to honor the late heavyweight boxing
champion, philanthropist and humanitarian Muhammad Ali.
H.R. 579, introduced Jan. 13 by Rep. John
Yarmuth, D-Ky., was referred to the House Committee on Financial
Services for consideration.
The PredictGov.com website gives the legislation a 3
percent chance of passage.
Connect with Coin World:
Sign up for our free eNewsletter
Follow us on Twitter
The legislation calls for the U.S. Mint to produce and release up to
100,000 gold coins and 350,000 silver dollars. A $35 surcharge would
be added to the purchase price of each gold coin and a $10 surcharge
to the price of each silver dollar.
The legislation calls for the surcharges to be distributed, after
the U.S. Mint recoups all of its production and associated costs, as follows:
➤ 80 percent to the Muhammad Ali Center in Louisville “to ensure
growth and innovation in museum programming to research, promote, and
educate on the legacy of Muhammad Ali.”
➤ 10 percent to the Muhammad Ali Institute for Peace and Justice at
the University of Louisville “to advance the work, study and practice
of peacebuilding, social justice, and violence prevention through the
development of innovative educational programs, training, service, and research.”
➤ 10 percent to the Muhammad Ali Parkinson Center (MAPC) and Movement
Disorder Clinic “to continue serving as a resource for
Parkinson’s disease patients and their families through the provision
of diagnosis, treatments, research, and education.”
Similar legislation, S. 166, was introduced in the Senate by Sen.
Orrin G. Hatch, R-Utah, on Jan. 17.
Gold medal bill
Legislation was also introduced in the House seeking a congressional
gold medal for Ali. H.R. 791 states, “The Speaker of the House of
Representatives and the President pro tempore of the Senate shall make
appropriate arrangements for the presentation, on behalf of Congress,
of a gold medal of appropriate design, to Muhammad Ali, in recognition
of his contributions to the Nation.”
The designs are to bear “suitable emblems, devices, and inscriptions
to be determined by the Secretary [of the Treasury].”
If authorized, the gold medal would be given to his wife, Lonnie Ali.
As is typical with most legislation seeking a congressional gold
medal, bronze duplicates could be produced and sold to the public by
the United States Mint.
Born Cassius Marcellus Clay Jr. in Louisville, Ky., Ali changed his
name to Muhammad Ali in 1964 when he converted to Islam.
As Cassius Clay, Ali won the light heavyweight boxing gold medal at
the 1960 Summer Olympics in Rome, after which he turned professional
and moved up to the heavyweight division.
Ali’s outspoken views against the Vietnam War and his refusal,
because of religious convictions, to be inducted into the U.S. Army
after being drafted in 1967 eventually resulted in his conviction for
violating Selective Service laws.
Ali was sentenced to a five-year-prison term but remained free on
bond while appealing his conviction. He was prevented from boxing
professionally since he had been stripped of his boxing license and
world championship title.
Ali’s conviction was subsequently overturned in 1971 by the U.S.
Supreme Court, paving his return to the professional boxing ring.
Following his retirement from boxing in 1981, Ali devoted his time
to philanthropy, which included supporting the Special Olympics and
the Make-A-Wish Foundation.
In 1996, Ali lit the Olympic cauldron at the Summer Olympic Games in Atlanta.
Ali died June 3, 2016, at the age of 74 after a long battle with