Proceeds From Sale of Commemorative Coins Will Benefit Students at Member Institutions of the United Negro College Fund

President Bush recently signed a bill sponsored by then-Senator Barack Obama that directs the U.S. Mint to produce 350,000 $1 coins to commemorate the 50th anniversary of the passage of the Civil Rights Act of 1964. The coins would be minted and distributed in 2014. The House of Representatives has previously passed the legislation.

A $10 surcharge will be added to the sale price of the coin. The proceeds from the surcharge on the sale of commemorative civil rights coins will be donated to the United Negro College Fund. The money will be used for student scholarships at the organization’s 39 member institutions.