The Negro Leagues Baseball Museum (NLBM) announced a partnership with First Business Bank to help make the US Mint Negro Leagues Commemorative Coins program as successful as possible.
The coins are the first-ever Mint coins commemorating the centennial of Negro Leagues Baseball and honoring the rich history of the Negro Leagues.
First Business Bank is to become the official bank of the coin program and will help the NLBM on a marketing strategy to encourage consumers to purchase the collectible coins that were released for sale in January. The bank will also manage any profits generated by the program.
After the U.S. Treasury has recouped expenses for designing and minting the coins, funds will be distributed to the NLBM. The program could yield as much as $6 million if all 850,000 coins (50,000 gold; 400,000 silver; and 400,000 clad) are sold.
“The Negro Leagues Baseball Centennial Commemorative Coin Act is one of the most important initiatives in museum history. And, while we are ecstatic to have gained the issuance of the coins, the true success comes with our ability to realize as much of the revenue potential as possible,” said Bob Kendrick, NLBM President. “I’m extremely confident that our partnership with First Business Bank and their tremendous connections to the business community will help us accomplish that goal.”
The Mint produces $5 gold coins, $1 silver coins and half dollar clad coins as part of the program. The Mint accepts orders at catalog.usmint.gov/.
“The legacy and history maintained by the NLBM is very important to preserve and we are honored to help promote this program to benefit their efforts and ensure their financial wellness in the years to come,” Rob Barker, First Business Bank’s President of its Kansas City Metro market.
First Business Bank will also be involved in planning various NLBM programs and events, including the 2022 Buck O’Neil Golf Classic, which will take place Aug. 16 at Shoal Creek Golf Course.