United States Coast Guard Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue in commemoration of the United States Coast Guard: (1) $5 gold coins, (2) $1 silver coins, and (3) half-dollar clad coins.
Requires the design of such coins to be emblematic of the traditions, history, and heritage of the Coast Guard, and its role in securing our nation since 1790.
Prescribes design requirements.
Restricts the issuance of such coins to the one-year period beginning on January 1, 2017.
Prescribes the sale price of the coins and coin surcharges. Requires such surcharges to be paid by the Secretary to the National Coast Guard Museum Foundation to help finance the design and construction of the National Coast Guard Museum.
[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2932 Introduced in House (IH)]
113th CONGRESS
1st Session
H. R. 2932
To require the Secretary of the Treasury to mint coins in commemoration
of the United States Coast Guard.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
August 1, 2013
Mr. Courtney (for himself, Mr. Coble, Ms. DeLauro, Mr. Langevin, Mr.
Butterfield, Mr. Jones, Mr. Young of Florida, Mr. Larson of
Connecticut, Mr. LoBiondo, Mr. Capuano, Mr. Deutch, Mr. Grimm, Mr.
Pierluisi, Mr. Wittman, Mr. Young of Alaska, Ms. Brown of Florida, Mr.
Scott of Virginia, Mr. Bishop of New York, Mr. McIntyre, Mr. Upton, Ms.
Esty, Mr. Levin, Mr. Himes, Mr. Michaud, Mr. Huizenga of Michigan, and
Ms. Granger) introduced the following bill; which was referred to the
Committee on Financial Services
_______________________________________________________________________
A BILL
To require the Secretary of the Treasury to mint coins in commemoration
of the United States Coast Guard.
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 ``United States Coast Guard
Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) The United States Coast Guard was founded on August 4,
1790, as the Revenue Cutter Service under the United States
Department of the Treasury.
(2) Congress created the Coast Guard on January 28, 1915,
by merging the Revenue Cutter Service and the United States
Lifesaving Service, was moved to the Department of
Transportation in 1967, and on February 25, 2003, became part
of the Department of Homeland Security.
(3) Although the smallest of the uniformed services, today
the United States Coast Guard conducts a wide variety of
missions to protect the public, the environment, and the United
States economic and security interests in any maritime region,
including international waters and America's coasts, ports, and
inland waterways.
(4) Every day, the United States Coast Guard plays a broad
and important role in homeland security, law enforcement,
search and rescue, marine environmental pollution response, and
the maintenance of river, intra-coastal and offshore aids to
navigation (ATON).
(5) The United States Coast Guard is our Nation's oldest
seasoning military service, staying true to their motto, Semper
Paratus or ``Always Ready,'' for 223 years.
(6) The United States Coast Guard has an estimated 42,300
men and women on active duty, who in 2012 responded to nearly
20,000 search and rescue incidents saving over 3,500 lives and
protecting $77 million in property, removed 107 metric tons of
cocaine and 56 metric tons of marijuana headed to the United
States, and interdicted nearly 3,000 undocumented migrants on
the high seas attempting to illegally enter the United States.
(7) Section 213 of Public Law 108-293 states that ``The
Commandant may establish a National Coast Guard Museum, on
lands which will be federally owned and administered by the
Coast Guard, and are located in New London, Connecticut, at, or
in close proximity to, the Coast Guard Academy''.
(8) The National Coast Guard Museum Association, a
nonprofit association dedicated to improve public understanding
of the history, service and missions of the Coast Guard, is
working with the United States Coast Guard, the City of New
London, the State of Connecticut, and a range of local,
regional, and national stakeholders to develop, plan and raise
capital for the National Coast Guard Museum, to be located in
New London, Connecticut.
(9) The United States Coast Guard is the only military
service without a national museum through which to share its
history and legacy with the American public.
SEC. 3. COIN SPECIFICATIONS.
(a) Denominations.--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 100,000 $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 500,000 $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 750,000 half
dollar coins, which shall--
(A) weigh 11.34 grams;
(B) have a diameter of 1.205 inches; and
(C) 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. 4. DESIGN OF COIN.
(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall be emblematic of the traditions, history, and
heritage of the United States Coast Guard, and its role in
securing our nation since 1790.
(2) Designations 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 ``2017''; 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--
(1) contain motifs that specifically honor the American
Coast Guardsman of both today and yesterday, in wartime and in
peace, such designs to be consistent with the traditions and
heritage of the United States Coast Guard, the mission and
goals of the National Coast Guard Museum, and the missions and
goals of the National Coast Guard Museum Foundation;
(2) be selected by the Secretary, after consultation with
the Secretary of Homeland Security, the National Coast Guard
Museum Foundation, and the Commission of Fine Arts; and
(3) be reviewed by the Citizens Coinage Advisory Committee.
SEC. 5. ISSUANCE OF COINS.
(a) Quality of Coins.--Coins minted under this Act shall be issued
in uncirculated and proof qualities.
(b) Mint Facilities.--For each of the 3 coins minted under this
Act, at least 1 facility of the United States Mint shall be used to
strike proof quality coins, while at least 1 other such facility shall
be used to strike the uncirculated quality coins.
(c) Period for Issuance.--The Secretary may issue coins minted
under this Act only during the 1-year period beginning on January 1,
2017.
SEC. 6. 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 7(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.
SEC. 7. 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 $5 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 National Coast Guard Museum Foundation to help finance the design,
construction, operations, and maintenance of the National Coast Guard
Museum.
(c) Audits.--The National Coast Guard Museum 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 under
subsection (b).
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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