The coins were authorized by Public Law 115–343 to commemorate the 60th anniversary of the Naismith Memorial Basketball Hall of Fame.
[1][2] Following the success of the National Baseball Hall of Fame commemorative coins of 2014, H.R.4592 was introduced to the House of Representatives in 2016.
It proposed the production of a series of coins commemorating the 60th anniversary of the Basketball Hall of Fame in 2019.
The reverse, designed by Donna Weaver, will feature a basketball falling into a net.
[7] Some of the designs not chosen for the Basketball Hall of Fame coins were later submitted to the CCAC for the reverse of the 2020 Massachusetts American Innovation dollar.