GOLDLINE OFFERS SOLD-OUT BOY SCOUTS SILVER DOLLARS

Goldline Opens Vault of Sold-out Boy Scouts of America Silver Dollars

July 28, 2010

SANTA MONICA, CA - The 2010 Boy Scouts of America Centennial Silver Dollars are nearly sold out according to the latest U.S. Mint figures, but Goldline International has a select number of these commemorative coins while supplies last. The proof coins are available at the most recent Mint price of $43.95 plus shipping and handling. U.S. Mint numbers indicate that the Boy Scouts coins have met their authorized 350,000 mintage level since their introduction in March. Goldline also has available the uncirculated version of the Boy Scout Dollar which is twice as scarce as the proof coin at the same price. Orders at these special prices can be placed online only at www.goldline.com.

"Because these coins are often bought by Boy Scouts or their family members, we wanted to honor their membership in one of America's great private institutions for young men by offering them at these attractive prices," said Mark Albarian, president and CEO, Goldline International.

The U.S. Mint is currently placing customers seeking to purchase Boy Scout coins on a first come-first serve waiting list. However, while supplies last, customers can acquire these popular Boy Scout coins directly from Goldline International.

The Boy Scouts of America Centennial Commemorative Coin Act (Public Law 110-363) authorizes the Secretary of the Treasury to mint and issue up to 350,000 silver dollar coins in commemoration of the centennial anniversary of the Boy Scouts of America. The Mint has added a $10 surcharge to the price of each coin for distribution to the National Boy Scouts of America Foundation. The BSA Foundation distributes these funds to local councils in the form of grants for the extension of scouting in hard-to-serve areas.

"We're proud to meet the demand for these very special collector coins," said Scott Carter, executive vice president, Goldline International. "The Boy Scouts of America Centennial Silver Dollar is one of those poignant collectables that anyone connected with the Scouts will cherish and we're happy to offer it at these prices, especially given the high demand."

The Boy Scouts of America celebrated its centennial anniversary on February 8, 2010. The largest youth organization in the United States, it has 2.8 million youth members and 1.1 million adult leaders in the programs of cub scouting, boy scouting and venturing. Since 1910, more than 111 million people have participated in the organization's traditional programs. Annually, scouts and their leaders volunteer over 35 million hours of service to their communities through more than 75,000 service projects, meeting a wide range of needs in the areas of food, shelter, education and environmental conservation.

The Boy Scouts of America Centennial Silver Dollar's obverse (heads side) design depicts a Cub Scout in the foreground with a Boy Scout and female Venturer in the background saluting. Inscriptions are "Continuing the Journey," "1910, 2010," "In God We Trust," and "Liberty." The reverse (tails) design features the Boy Scouts of America's universal emblem. Inscriptions are "United States of America," "Boy Scouts of America," "Be Prepared," "E Pluribus Unum," and "One Dollar."

Congress authorizes commemorative coins that celebrate and honor American people, places, events, and institutions. Although these coins are legal tender, they are not minted for general circulation. Each commemorative coin is produced by the United States Mint in limited quantity and is only available for a limited time.

As well as commemorating important aspects of American history and culture, commemorative coins help raise money for important causes. Part of the price of these coins is a surcharge that goes to organizations and projects that benefit the community.

Since the modern commemorative coin program began in 1982, the United States Mint has raised over $418,000,000 in surcharges to help build new museums, maintain national monuments like the Vietnam War Memorial, preserve historical sites like George Washington's home, support various Olympic programs, and much more.

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