SB2874 • 2026

Gold and Silver Commemorative Coin Act; enact.

AN ACT TO BE KNOWN AS THE "GOLD AND SILVER COMMEMORATIVE COIN ACT"; TO AUTHORIZE THE STATE TREASURER TO ENTER INTO A CONTRACTUAL AGREEMENT WITH A PUBLIC OR PRIVATE MINTING COMPANY FOR THE PURPOSES OF MINTING ONE-OUNCE GOLD STATE COMMEMORATIVE COINS OR ONE-OUNCE SILVER COMMEMORATIVE COINS FOR THE STATE OF MISSISSIPPI; AND FOR RELATED PURPOSES.

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor: McMahan, Williams
Last action: 2026-03-03
Official status: Dead
Effective date: ** See Tex

Plain English Breakdown

The bill did not pass and is no longer active.

Gold and Silver Commemorative Coin Act

This act allows the State Treasurer to contract with a minting company to produce one-ounce gold or silver commemorative coins for Mississippi.

What This Bill Does

It lets the State Treasurer work with a public or private minting company to create one-ounce gold or silver commemorative coins.
Each coin must include 'State of Mississippi', 'In God We Trust', and the year it was made, along with the state's seal on one side and a magnolia flower on the other.
The coins do not need to show how much they are worth or feature images of people.
The Treasurer can take orders for these coins before they are made and keep some money from selling them to cover costs.

Who It Names or Affects

The State Treasurer
Public or private minting companies
People who buy the commemorative coins

Terms To Know

Commemorative Coin: A special coin made to celebrate something important.
State Treasurer: The person in charge of managing a state's money.

Limits and Unknowns

This act did not pass and was stopped in committee.
It is unclear how many coins will be made or who can buy them.

Bill History

2026-03-03 Mississippi Legislative Bill Status System
03/03 (H) Died In Committee
2026-02-16 Mississippi Legislative Bill Status System
02/16 (H) Referred To Accountability, Efficiency, Transparency
2026-02-13 Mississippi Legislative Bill Status System
02/13 (S) Transmitted To House
2026-02-12 Mississippi Legislative Bill Status System
02/12 (S) Passed
2026-02-12 Mississippi Legislative Bill Status System
02/12 (S) Committee Substitute Adopted
2026-02-03 Mississippi Legislative Bill Status System
02/03 (S) Title Suff Do Pass Comm Sub
2026-01-19 Mississippi Legislative Bill Status System
01/19 (S) Referred To Finance

Official Summary Text

Gold and Silver Commemorative Coin Act; enact.

Current Bill Text

Read the full stored bill text

S. B. No. 2874 *SS08/R955CS* ~ OFFICIAL ~ G3/5
26/SS08/R955CS
PAGE 1

To: Finance
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026

By: Senator(s) McMahan, Williams

COMMITTEE SUBSTITUTE
FOR
SENATE BILL NO. 2874

AN ACT TO BE KNOWN AS THE "GOLD AND SILVER COMMEMORATIVE COIN 1
ACT"; TO AUTHORIZE THE STATE TREASURER TO ENTER INTO A CONTRACTUAL 2
AGREEMENT WITH A PUBLIC OR PRIVATE MINTING COMPANY FOR THE 3
PURPOSES OF MINTING ONE-OUNCE GOLD STATE COMMEMORATIVE COINS OR 4
ONE-OUNCE SILVER COMMEMORATIVE COINS FOR THE STATE OF MISSISSIPPI; 5
AND FOR RELATED PURPOSES. 6
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 7
SECTION 1. (1) This section shall be known and may be cited 8
as the "Gold and Silver Commemorative Coin Act." 9
(2) The Treasurer of the State of Mississippi is hereby 10
authorized to enter into a contractual agreement with a public or 11
private minting company for the purposes of minting one-ounce gold 12
state commemorative coins or one-ounce silver commemorative coins. 13
(3) (a) Each commemorative coin shall be minted in 14
accordance with standards similar to those used for American Gold 15
Eagles and American Silver Eagles. 16
(b) The design of each coin shall include: 17
(i) The words "State of Mississippi"; 18
(ii) The phrase "In God We Trust"; 19
(iii) The year in which the coin is minted; 20
S. B. No. 2874 *SS08/R955CS* ~ OFFICIAL ~
26/SS08/R955CS
PAGE 2
ST: Gold and Silver Commemorative Coin Act;
enact.
(iv) On one side, the Great Seal of the State of 21
Mississippi; and 22
(v) On the reverse side, a design featuring the 23
magnolia flower. 24
(4) (a) No monetary value shall be stated on the coin. 25
(b) The coin shall not feature the image of any human 26
being or group of human beings. 27
(5) The State Treasurer is authorized to take pre-orders and 28
accept payment for these commemorative coins. The coins shall be 29
minted to the finest and highest quality standards. The Treasurer 30
shall not sell the coins at below the cost of the metal plus any 31
associated cost or fees. Profits from the coins shall be 32
deposited into the State General Fund. The Treasurer may keep 33
twenty percent (20%) of the profits for administrative and other 34
costs. 35
(6) The State Treasurer is authorized to oversee the minting 36
process and to enter into the necessary agreements to produce and 37
distribute the commemorative coins. 38
SECTION 2. This act shall take effect and be in force from 39
and after July 1, 2026, and shall stand repealed on June 30, 2026. 40