President Barack Obama signed the Mark Twain Commemorative Coin Act into law Tuesday. The measure will issue $5 gold coins and $1 silver coins in Twain's likeness.
The U.S. Mint will produce 100,000 gold coins and 350,000 silver coins for one year beginning in 2016, according to the White House website. The minting and issuing of these coins will not result in any net cost to the U.S. government.
The coins will be legal tender but are expected to be popular among collectors. There will be a $35 surcharge per coin for the $5 coin and a $10 surcharge per coin for the $1 coin, according to the legislation.
Proceeds from the surcharges will benefit four Mark Twain sites, including his boyhood home in Hannibal, Mo.
The House of Representatives first passed the bill in April and the U.S. Senate passed the bill in November.
"We're grateful for the leadership and collaboration shown by Rep. Blaine Luetkemeyer and Sens. Roy Blunt and Claire McCaskill," Cindy Lovell, executive director of the Mark Twain Boyhood Home and Museum, said in a press release. "This will have a significant impact on our work at the museum where we care for nine historic properties. It is legislation they can be proud of."
Additional details about the Mark Twain Commemorative Coin Act are available at marktwaincoin.org.