NPS Takes Action to Facilitate Concessioner Sale of Centennial Coins in Retail Stores
The United States Mint is releasing a set of commemorative coins in honor of the National Park Service’s 2016 Centennial. The three-coin program features a $5 gold, $1 silver, and half-dollar clad coin with designs emblematic of the National Park Service’s mission and the resources it protects. Pricing for the commemorative coins will include surcharges which are authorized to be paid to the National Park Foundation. The funds will be used for projects that help preserve and project resources under the stewardship of the National Park Service and promote public enjoyment and appreciation of those resources. For more information about the coin series, visit the U.S. Mint and the National Park Foundation.
The NPS Commercial Services Program is taking steps to facilitate the sale of the coins in park retail stores operated by concessioners. Concessioners with retail sales as a required or authorized service in their concession contract may sell the centennial commemorative coins. Concessioners must sell the coins at the price set by the U.S. Mint and may not mark-up the retail price. To encourage concessioner sale of these items, the sale of these coins are to be excluded from gross receipts (as defined in the concession contract) with the result that such revenue is not subject to payment of concessions franchise fees. Additionally, concessioner in-store advertising of the coins (such as point-of-sale signage and labels) may explicitly include information on the cause-based nature of the items.
For more information about the coin series and provisions for NPS concessioners, please click here to access a detail memorandum.