Revolutionary War and War of 1812 Battlefields Commemorative Coin Act of 2005 - Directs the Secretary of the Treasury to mint and issue five-dollar gold coins, one-dollar silver coins, and half-dollar clad coins emblematic of the Revolutionary War and the War of 1812.
[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 762 Introduced in House (IH)]
109th CONGRESS
1st Session
H. R. 762
To direct the Secretary of the Treasury to mint coins in commemoration
of the battlefields of the Revolutionary War and the War of 1812, and
for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 10, 2005
Mr. Holt (for himself, Mrs. Jo Ann Davis of Virginia, Mr. Hinchey, Mr.
McHugh, Mr. Markey, Mr. Sweeney, and Mr. Souder) introduced the
following bill; which was referred to the Committee on Financial
Services
_______________________________________________________________________
A BILL
To direct the Secretary of the Treasury to mint coins in commemoration
of the battlefields of the Revolutionary War and the War of 1812, and
for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Revolutionary War and War of 1812
Battlefields Commemorative Coin Act of 2005''.
SEC. 2. COIN SPECIFICATIONS.
(a) Denominations.--In commemoration of the Revolutionary War and
the War of 1812, the Secretary of the Treasury (hereafter in this Act
referred to as the ``Secretary'') shall mint and issue the following
coins:
(1) $5 gold coins.--Not more than 300,000 $5 coins, which
shall--
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
(C) contain 90 percent gold and 10 percent alloy.
(2) $1 silver coins.--Not more than 1,000,000 $1 coins,
which shall--
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 percent
copper.
(3) Half dollar clad coins.--Not more than 2,000,000 half
dollar coins which shall be minted to the specifications for
half dollar coins contained in section 5112(b) of title 31,
United States Code.
(b) Legal Tender.--The coins minted under this Act shall be legal
tender, as provided in section 5103 of title 31, United States Code.
(c) Numismatic Items.--For purposes of sections 5134 and 5136 of
title 31, United States Code, all coins minted under this Act shall be
considered to be numismatic items.
SEC. 3. DESIGN OF COINS.
(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall be emblematic of the Revolutionary War and the War of
1812.
(2) Designation and inscriptions.--On each coin minted
under this Act there shall be--
(A) a designation of the value of the coin;
(B) an inscription of the year ``2007''; and
(C) inscriptions of the words ``Liberty'', ``In God
We Trust'', ``United States of America'', and ``E
Pluribus Unum''.
(b) Selection.--The design for the coins minted under this Act
shall be--
(1) selected by the Secretary after consultation with the
Commission of Fine Arts, and the Revolutionary War and the War
of 1812 Battlefields Foundation (hereafter in this Act referred
to as the ``Foundation''); and
(2) reviewed by the Citizens Coinage Advisory Committee.
SEC. 4. ISSUANCE OF COINS.
(a) Quality of Coins.--Coins minted under this Act shall be issued
in uncirculated and proof qualities.
(b) Mint Facility.--Only 1 facility of the United States Mint may
be used to strike any particular quality of the coins minted under this
Act.
(c) Period for Issuance.--The Secretary may issue coins minted
under this Act only during the 1-year period beginning on January 1,
2007.
SEC. 5. SALE OF COINS.
(a) Sale Price.--The coins issued under this Act shall be sold by
the Secretary at a price equal to the sum of--
(1) the face value of the coins;
(2) the surcharge provided in section 6(a) with respect to
such coins; and
(3) the cost of designing and issuing the coins (including
labor, materials, dies, use of machinery, overhead expenses,
marketing, and shipping).
(b) Bulk Sales.--The Secretary shall make bulk sales of the coins
issued under this Act at a reasonable discount.
(c) Prepaid Orders.--
(1) In general.--The Secretary shall accept prepaid orders
for the coins minted under this Act before the issuance of such
coins.
(2) Discount.--Sale prices with respect to prepaid orders
under paragraph (1) shall be at a reasonable discount.
(d) Marketing.--The Secretary, in cooperation with the Foundation,
shall develop and implement a marketing program to promote and sell the
coins authorized under this Act both within the United States and
internationally.
SEC. 6. SURCHARGES.
(a) In General.--All sales of coins minted under this Act shall
include a surcharge as follows:
(1) A surcharge of $35 per coin for the $5 coin.
(2) A surcharge of $10 per coin for the $1 coin.
(3) A surcharge of $3 per coin for the half dollar coin.
(b) Distribution.--Subject to section 5134(f) of title 31, United
States Code, all surcharges received by the Secretary from the sale of
coins issued under this Act shall be promptly paid by the Secretary to
the Foundation for purposes of the preservation of historically
significant battlefields of the Revolutionary War and the War of 1812
and related historical sites.
(c) Audits.--The Foundation shall be subject to the audit
requirements of section 5134(f)(2) of title 31, United States Code,
with regard to the amounts received by the Fund under subsection (b).
<all>
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E222-223)
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
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