U.S. officials will be releasing new, pink commemorative coins to promote breast cancer awareness and raise money for cancer research.
U.S. officials are developing a new, pink commemorative coin to promote breast cancer awareness and raise money for cancer research, said U.S. Rep. Carolyn Maloney, who sponsored legislation for its creation.
The New York Democrat tells The Associated Press that federal officials will hold a contest to pick artwork that will be displayed on the coin, which is expected to be released in 2018.
The pink-gold coin will be part of a set of three new coins aimed at promoting breast cancer awareness and help fund research to find a cure for the disease. The legislation was first proposed in 2013 and was signed into law by President Barack Obama last month.
The Treasury Department will create 50,000 pink-gold $5 coins. The U.S. Mint, which will produce the coins, will need to use a new formula to give them a pink tint, Maloney said. They will be at least 75 percent gold.
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