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House to Vote on S 1047 (Presidential Coins)



 
 
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  #1  
Old December 12th 05, 11:16 PM posted to rec.collecting.coins
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Default House to Vote on S 1047 (Presidential Coins)

On Tuesday, the House will vote on S 1047 (already passed by the Senate), a
bill to require the secretary of the Treasury to mint coins in commemoration
of each of the nation's past presidents and their spouses, respectively to
improve circulation of the $1 coin, to create a new bullion coin, and for
other purposes.


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  #2  
Old December 12th 05, 11:52 PM posted to rec.collecting.coins
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Default House to Vote on S 1047 (Presidential Coins)

Mark Olanoff wrote:

On Tuesday, the House will vote on S 1047 (already passed by the Senate), a
bill to require the secretary of the Treasury to mint coins in commemoration
of each of the nation's past presidents and their spouses, respectively to
improve circulation of the $1 coin, to create a new bullion coin, and for
other purposes.


For the love of god PLEASE LET THIS DIE!

jam
  #3  
Old December 13th 05, 01:35 AM posted to rec.collecting.coins
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Default House to Vote on S 1047 (Presidential Coins)

Here is the bill on Presidential Coins. When passed by the House it goes to
President Bush for signature.
a..
S 1047 ES


109th CONGRESS

1st Session

S. 1047

--------------------------------------------------------------------------------


AN ACT
To require the Secretary of the Treasury to mint coins in commemoration of
each of the Nation's past Presidents and their spouses, respectively, to
improve circulation of the $1 coin, to create a new bullion coin, 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 `Presidential $1 Coin Act of 2005'.

TITLE I--PRESIDENTIAL $1 COINS

SEC. 101. FINDINGS.

Congress finds the following:

(1) There are sectors of the United States economy, including public
transportation, parking meters, vending machines, and low-dollar value
transactions, in which the use of a $1 coin is both useful and desirable for
keeping costs and prices down.

(2) For a variety of reasons, the new $1 coin introduced in 2000 has not
been widely sought-after by the public, leading to higher costs for
merchants and thus higher prices for consumers.

(3) The success of the 50 States Commemorative Coin Program (31 U.S.C.
5112(l)) for circulating quarter dollars shows that a design on a United
States circulating coin that is regularly changed in a manner similar to the
systematic change in designs in such Program radically increases demand for
the coin, rapidly pulling it through the economy.

(4) The 50 States Commemorative Coin Program also has been an
educational tool, teaching both Americans and visitors something about each
State for which a quarter has been issued.

(5) A national survey and study by the Government Accountability Office
has indicated that many Americans who do not seek, or who reject, the new $1
coin for use in commerce would actively seek the coin if an attractive,
educational rotating design were to be struck on the coin.

(6) The President is the leader of our tripartite government and the
President's spouse has often set the social tone for the White House while
spearheading and highlighting important issues for the country.

(7) Sacagawea, as currently represented on the new $1 coin, is an
important symbol of American history.

(8) Many people cannot name all of the Presidents, and fewer can name
the spouses, nor can many people accurately place each President in the
proper time period of American history.

(9) First Spouses have not generally been recognized on American
coinage.

(10) In order to revitalize the design of United States coinage and
return circulating coinage to its position as not only a necessary means of
exchange in commerce, but also as an object of aesthetic beauty in its own
right, it is appropriate to move many of the mottos and emblems, the
inscription of the year, and the so-called `mint marks' that currently
appear on the 2 faces of each circulating coin to the edge of the coin,
which would allow larger and more dramatic artwork on the coins reminiscent
of the so-called `Golden Age of Coinage' in the United States, at the
beginning of the Twentieth Century, initiated by President Theodore
Roosevelt, with the assistance of noted sculptors and medallic artists James
Earle Fraser and Augustus Saint-Gaudens.

(11) Placing inscriptions on the edge of coins, known as edge-incusing,
is a hallmark of modern coinage and is common in large-volume production of
coinage elsewhere in the world, such as the 2,700,000,000 2-Euro coins in
circulation, but it has not been done on a large scale in United States
coinage in recent years.

(12) Although the Congress has authorized the Secretary of the Treasury
to issue gold coins with a purity of 99.99 percent, the Secretary has not
done so.

(13) Bullion coins are a valuable tool for the investor and, in some
cases, an important aspect of coin collecting.

SEC. 102. PRESIDENTIAL $1 COIN PROGRAM.

Section 5112 of title 31, United States Code, is amended by adding at the
end the following:

`(n) Redesign and Issuance of Circulating $1 Coins Honoring Each of the
Presidents of the United States-

`(1) REDESIGN BEGINNING IN 2007-

`(A) IN GENERAL- Notwithstanding subsection (d) and in accordance with
the provisions of this subsection, $1 coins issued during the period
beginning January 1, 2007, and ending upon the termination of the program
under paragraph (8), shall--

`(i) have designs on the obverse selected in accordance with
paragraph (2)(B) which are emblematic of the Presidents of the United
States; and

`(ii) have a design on the reverse selected in accordance with
paragraph (2)(A).

`(B) CONTINUITY PROVISIONS-

`(i) IN GENERAL- Notwithstanding subparagraph (A), the Secretary
shall continue to mint and issue $1 coins which bear any design in effect
before the issuance of coins as required under this subsection (including
the so-called `Sacagawea-design' $1 coins).

`(ii) CIRCULATION QUANTITY- Beginning January 1, 2007, and ending
upon the termination of the program under paragraph (8), the Secretary
annually shall mint and issue such `Sacagawea-design' $1 coins for
circulation in quantities of no less than 1/3 of the total $1 coins minted
and issued under this subsection.'.

`(2) DESIGN REQUIREMENTS- The $1 coins issued in accordance with
paragraph (1)(A) shall meet the following design requirements:

`(A) COIN REVERSE- The design on the reverse shall bear--

`(i) a likeness of the Statue of Liberty extending to the rim of the
coin and large enough to provide a dramatic representation of Liberty while
not being large enough to create the impression of a `2-headed' coin;

`(ii) the inscription `$1' ; and

`(iii) the inscription `United States of America'.

`(B) COIN OBVERSE- The design on the obverse shall contain--

`(i) the name and likeness of a President of the United States; and

`(ii) basic information about the President, including--

`(I) the dates or years of the term of office of such President;
and

`(II) a number indicating the order of the period of service in
which the President served.

`(C) EDGE-INCUSED INSCRIPTIONS-

`(i) IN GENERAL- The inscription of the year of minting or issuance
of the coin and the inscriptions `E Pluribus Unum' and `In God We Trust'
shall be edge-incused into the coin.

`(ii) PRESERVATION OF DISTINCTIVE EDGE- The edge-incusing of the
inscriptions under clause (i) on coins issued under this subsection shall be
done in a manner that preserves the distinctive edge of the coin so that the
denomination of the coin is readily discernible, including by individuals
who are blind or visually impaired.

`(D) INSCRIPTIONS OF `LIBERTY'- Notwithstanding the second sentence of
subsection (d)(1), because the use of a design bearing the likeness of the
Statue of Liberty on the reverse of the coins issued under this subsection
adequately conveys the concept of Liberty, the inscription of `Liberty'
shall not appear on the coins.

`(E) LIMITATION IN SERIES TO DECEASED PRESIDENTS- No coin issued under
this subsection may bear the image of a living former or current President,
or of any deceased former President during the 2-year period following the
date of the death of that President.

`(3) ISSUANCE OF COINS COMMEMORATING PRESIDENTS-

`(A) ORDER OF ISSUANCE- The coins issued under this subsection
commemorating Presidents of the United States shall be issued in the order
of the period of service of each President, beginning with President George
Washington.

`(B) TREATMENT OF PERIOD OF SERVICE-

`(i) IN GENERAL- Subject to clause (ii), only 1 coin design shall be
issued for a period of service for any President, no matter how many
consecutive terms of office the President served.

`(ii) NONCONSECUTIVE TERMS- If a President has served during 2 or
more nonconsecutive periods of service, a coin shall be issued under this
subsection for each such nonconsecutive period of service.

`(4) ISSUANCE OF COINS COMMEMORATING 4 PRESIDENTS DURING EACH YEAR OF
THE PERIOD-

`(A) IN GENERAL- The designs for the $1 coins issued during each year
of the period referred to in paragraph (1) shall be emblematic of 4
Presidents until each President has been so honored, subject to paragraph
(2)(E).

`(B) NUMBER OF 4 CIRCULATING COIN DESIGNS IN EACH YEAR- The Secretary
shall prescribe, on the basis of such factors as the Secretary determines to
be appropriate, the number of $1 coins that shall be issued with each of the
designs selected for each year of the period referred to in paragraph (1).

`(5) LEGAL TENDER- The coins minted under this title shall be legal
tender, as provided in section 5103.

`(6) TREATMENT AS NUMISMATIC ITEMS- For purposes of section 5134 and
5136, all coins minted under this subsection shall be considered to be
numismatic items.

`(7) ISSUANCE OF NUMISMATIC COINS- The Secretary may mint and issue such
number of $1 coins of each design selected under this subsection in
uncirculated and proof qualities as the Secretary determines to be
appropriate.

`(8) TERMINATION OF PROGRAM- The issuance of coins under this subsection
shall terminate when each President has been so honored, subject to
paragraph (2)(E), and may not be resumed except by an Act of Congress.

`(9) REVERSION TO PRECEDING DESIGN- Upon the termination of the issuance
of coins under this subsection, the design of all $1 coins shall revert to
the so-called `Sacagawea-design' $1 coins.'.

SEC. 103. FIRST SPOUSE BULLION COIN PROGRAM.

Section 5112 of title 31, United States Code, as amended by section 102,
is amended by adding at the end the following:

`(o) First Spouse Bullion Coin Program-

`(1) IN GENERAL- During the same period described in subsection (n), the
Secretary shall issue bullion coins under this subsection that are
emblematic of the spouse of each such President.

`(2) SPECIFICATIONS- The coins issued under this subsection shall--

`(A) have the same diameter as the $1 coins described in subsection
(n);

`(B) weigh 0.5 ounce; and

`(C) contain 99.99 percent pure gold.

`(3) DESIGN REQUIREMENTS-

`(A) COIN OBVERSE- The design on the obverse of each coin issued under
this subsection shall contain--

`(i) the name and likeness of a person who was a spouse of a
President during the President's period of service;

`(ii) an inscription of the years during which such person was the
spouse of a President during the President's period of service; and

`(iii) a number indicating the order of the period of service in
which such President served.

`(B) COIN REVERSE- The design on the reverse of each coin issued under
this subsection shall bear--

`(i) images emblematic of the life and work of the First Spouse
whose image is borne on the obverse; and

`(ii) the inscription `United States of America'.

`(C) DESIGNATED DENOMINATION- Each coin issued under this subsection
shall bear, on the reverse, an inscription of the nominal denomination of
the coin which shall be `$10'.

`(D) DESIGN IN CASE OF NO FIRST SPOUSE- In the case of any President
who served without a spouse--

`(i) the image on the obverse of the bullion coin corresponding to
the $1 coin relating to such President shall be an image emblematic of the
concept of `Liberty'--

`(I) as represented on a United States coin issued during the
period of service of such President; or

`(II) as represented, in the case of President Chester Alan
Arthur, by a design incorporating the name and likeness of Alice Paul, a
leading strategist in the suffrage movement, who was instrumental in gaining
women the right to vote upon the adoption of the 19th amendment and thus the
ability to participate in the election of future Presidents, and who was
born on January 11, 1885, during the term of President Arthur; and

`(ii) the reverse of such bullion coin shall be of a design
representative of themes of such President, except that in the case of the
bullion coin referred to in clause (i)(II) the reverse of such coin shall be
representative of the suffrage movement.

`(E) DESIGN AND COIN FOR EACH SPOUSE- A separate coin shall be
designed and issued under this section for each person who was the spouse of
a President during any portion of a term of office of such President.

`(F) INSCRIPTIONS- Each bullion coin issued under this subsection
shall bear the inscription of the year of minting or issuance of the coin
and such other inscriptions as the Secretary may determine to be
appropriate.

`(4) SALE OF BULLION COINS- Each bullion coin issued under this
subsection shall be sold by the Secretary at a price that is equal to or
greater than the sum of--

`(A) the face value of the coins; and

`(B) the cost of designing and issuing the coins (including labor,
materials, dies, use of machinery, overhead expenses, marketing, and
shipping).

`(5) ISSUANCE OF COINS COMMEMORATING FIRST SPOUSES-

`(A) IN GENERAL- The bullion coins issued under this subsection with
respect to any spouse of a President shall be issued on the same schedule as
the $1 coin issued under subsection (n) with respect to each such President.

`(B) MAXIMUM NUMBER OF BULLION COINS FOR EACH DESIGN- The Secretary
shall--

`(i) prescribe, on the basis of such factors as the Secretary
determines to be appropriate, the maximum number of bullion coins that shall
be issued with each of the designs selected under this subsection; and

`(ii) announce, before the issuance of the bullion coins of each
such design, the maximum number of bullion coins of that design that will be
issued.

`(C) TERMINATION OF PROGRAM- No bullion coin may be issued under this
subsection after the termination, in accordance with subsection (n)(8), of
the $1 coin program established under subsection (n).

`(6) QUALITY OF COINS- The bullion coins minted under this Act shall be
issued in both proof and uncirculated qualities.

`(7) SOURCE OF GOLD BULLION-

`(A) IN GENERAL- The Secretary shall acquire gold for the coins issued
under this subsection by purchase of gold mined from natural deposits in the
United States, or in a territory or possession of the United States, within
1 year after the month in which the ore from which it is derived was mined.

`(B) PRICE OF GOLD- The Secretary shall pay not more than the average
world price for the gold mined under subparagraph (A).

`(8) BRONZE MEDALS- The Secretary may strike and sell bronze medals that
bear the likeness of the bullion coins authorized under this subsection, at
a price, size, and weight, and with such inscriptions, as the Secretary
determines to be appropriate.

`(9) LEGAL TENDER- The coins minted under this title shall be legal
tender, as provided in section 5103.

`(10) TREATMENT AS NUMISMATIC ITEMS- For purposes of section 5134 and
5136, all coins minted under this subsection shall be considered to be
numismatic items.'.

SEC. 104. REMOVAL OF BARRIERS TO CIRCULATION.

Section 5112 of title 31, United States Code, as amended by sections 102
and 103, by adding at the end the following:

`(p) Removal of Barriers to Circulation of $1 Coin-

`(1) ACCEPTANCE BY AGENCIES AND INSTRUMENTALITIES- Beginning January 1,
2006, all agencies and instrumentalities of the United States, the United
States Postal Service, all nonappropriated fund instrumentalities
established under title 10, United States Code, all transit systems that
receive operational subsidies or any disbursement of funds from the Federal
Government, such as funds from the Federal Highway Trust Fund, including the
Mass Transit Account, and all entities that operate any business, including
vending machines, on any premises owned by the United States or under the
control of any agency or instrumentality of the United States, including the
legislative and judicial branches of the Federal Government, shall take such
action as may be appropriate to ensure that by the end of the 2-year period
beginning on such date--

`(A) any business operations conducted by any such agency,
instrumentality, system, or entity that involve coins or currency will be
fully capable of accepting and dispensing $1 coins in connection with such
operations; and

`(B) displays signs and notices denoting such capability on the
premises where coins or currency are accepted or dispensed, including on
each vending machine.

`(2) PUBLICITY- The Director of the United States Mint, shall work
closely with consumer groups, media outlets, and schools to ensure an
adequate amount of news coverage, and other means of increasing public
awareness, of the inauguration of the Presidential $1 Coin Program
established in subsection (n) to ensure that consumers know of the
availability of the coin.

`(3) COORDINATION- The Board of Governors of the Federal Reserve System
and the Secretary shall take steps to ensure that an adequate supply of $1
coins is available for commerce and collectors at such places and in such
quantities as are appropriate by--

`(A) consulting, to accurately gauge demand for coins and to
anticipate and eliminate obstacles to the easy and efficient distribution
and circulation of $1 coins as well as all other circulating coins, from
time to time but no less frequently than annually, with a coin users group,
which may include--

`(i) representatives of merchants who would benefit from the
increased usage of $1 coins;

`(ii) vending machine and other coin acceptor manufacturers;

`(iii) vending machine owners and operators;

`(iv) transit officials;

`(v) municipal parking officials;

`(vi) depository institutions;

`(vii) coin and currency handlers;

`(viii) armored-car operators;

`(ix) car wash operators; and

`(x) coin collectors and dealers;

`(B) submitting an annual report to the Congress containing--

`(i) an assessment of the remaining obstacles to the efficient and
timely circulation of coins, particularly $1 coins;

`(ii) an assessment of the extent to which the goals of subparagraph
(C) are being met; and

`(iii) such recommendations for legislative action the Board and the
Secretary may determine to be appropriate;

`(C) consulting with industry representatives to encourage operators
of vending machines and other automated coin-accepting devices in the United
States to accept coins issued under the Presidential $1 Coin Program
established under subsection (n) and any coins bearing any design in effect
before the issuance of coins required under subsection (n) (including the
so-called `Sacagawea-design' $1 coins), and to include notices on the
machines and devices of such acceptability;

`(D) ensuring that--

`(i) during an introductory period, all institutions that want
unmixed supplies of each newly-issued design of $1 coins minted under
subsections (n) and (o) are able to obtain such unmixed supplies; and

`(ii) circulating coins will be available for ordinary commerce in
packaging of sizes and types appropriate for and useful to ordinary
commerce, including rolled coins;

`(E) working closely with any agency, instrumentality, system, or
entity referred to in paragraph (1) to facilitate compliance with the
requirements of such paragraph; and

`(F) identifying, analyzing, and overcoming barriers to the robust
circulation of $1 coins minted under subsections (n) and (o), including the
use of demand prediction, improved methods of distribution and circulation,
and improved public education and awareness campaigns.

`(4) BULLION DEALERS- The Director of the United States Mint shall take
all steps necessary to ensure that a maximum number of reputable, reliable,
and responsible dealers are qualified to offer for sale all bullion coins
struck and issued by the United States Mint.

`(5) REVIEW OF CO-CIRCULATION- At such time as the Secretary determines
to be appropriate, and after consultation with the Board of Governors of the
Federal Reserve System, the Secretary shall notify the Congress of its
assessment of issues related to the co-circulation of any circulating $1
coin bearing any design, other than the so-called `Sacagawea-design' $1
coin, in effect before the issuance of coins required under subsection (n),
including the effect of co-circulation on the acceptance and use of $1
coins, and make recommendations to the Congress for improving the
circulation of $1 coins.'.

SEC. 105. SENSE OF THE CONGRESS.

It is the sense of the Congress that--

(1) the enactment of this Act will serve to increase the use of $1 coins
generally, which will increase the circulation of the so-called
`Sacagawea-design' $1 coins that have been and will continue to be minted
and issued;

(2) the continued minting and issuance of the so-called
`Sacagawea-design' $1 coins will serve as a lasting tribute to the role of
women and Native Americans in the history of the United States;

(3) the full circulation potential and cost-savings benefit projections
for the $1 coins are not likely to be achieved unless the coins are
delivered in ways useful to ordinary commerce;

(4) the coins issued in connection with this title should not be
introduced with an overly expensive taxpayer-funded public relations
campaign;

(5) in order for the circulation of $1 coins to achieve maximum
potential--

(A) the coins should be as attractive as possible; and

(B) the Director of the United States Mint should take all reasonable
steps to ensure that all $1 coins minted and issued remain tarnish-free for
as long as possible without incurring undue expense; and

(6) if the Secretary of the Treasury determines to include on any $1
coin minted under section 102 of this Act a mark denoting the United States
Mint facility at which the coin was struck, such mark should be
edge-incused.

TITLE II--BUFFALO GOLD BULLION COINS

SEC. 201. GOLD BULLION COINS.

Section 5112 of title 31, United States Code, is amended--

(1) in subsection (a), by adding at the end the following:

`(11) A $50 gold coin that is of an appropriate size and thickness, as
determined by the Secretary, weighs 1 ounce, and contains 99.99 percent pure
gold.'; and

(2) by adding at the end, the following:

`(q) Gold Bullion Coins-

`(1) IN GENERAL- Not later than 6 months after the date of enactment of
the Presidential $1 Coin Act of 2005, the Secretary shall commence striking
and issuing for sale such number of $50 gold bullion and proof coins as the
Secretary may determine to be appropriate, in such quantities, as the
Secretary, in the Secretary's discretion, may prescribe.

`(2) INITIAL DESIGN-

`(A) IN GENERAL- Except as provided under subparagraph (B), the
obverse and reverse of the gold bullion coins struck under this subsection
during the first year of issuance shall bear the original designs by James
Earle Fraser, which appear on the 5-cent coin commonly referred to as the
`Buffalo nickel' or the `1913 Type 1'.

`(B) VARIATIONS- The coins referred to in subparagraph (A) shall--

`(i) have inscriptions of the weight of the coin and the nominal
denomination of the coin incused in that portion of the design on the
reverse of the coin commonly known as the `grassy mound'; and

`(ii) bear such other inscriptions as the Secretary determines to be
appropriate.

`(3) SUBSEQUENT DESIGNS- After the 1-year period described to in
paragraph (2), the Secretary may--

`(A) after consulting with the Commission of Fine Arts, and subject to
the review of the Citizens Coinage Advisory Committee, change the design on
the obverse or reverse of gold bullion coins struck under this subsection;
and

`(B) change the maximum number of coins issued in any year.

`(4) SOURCE OF GOLD BULLION-

`(A) IN GENERAL- The Secretary shall acquire gold for the coins issued
under this subsection by purchase of gold mined from natural deposits in the
United States, or in a territory or possession of the United States, within
1 year after the month in which the ore from which it is derived was mined.

`(B) PRICE OF GOLD- The Secretary shall pay not more than the average
world price for the gold mined under subparagraph (A).

`(5) SALE OF COINS- Each gold bullion coin issued under this subsection
shall be sold for an amount the Secretary determines to be appropriate, but
not less than the sum of--

`(A) the market value of the bullion at the time of sale; and

`(B) the cost of designing and issuing the coins, including labor,
materials, dies, use of machinery, overhead expenses, marketing, and
shipping.

`(6) LEGAL TENDER- The coins minted under this title shall be legal
tender, as provided in section 5103.

`(7) TREATMENT AS NUMISMATIC ITEMS- For purposes of section 5134 and
5136, all coins minted under this subsection shall be considered to be
numismatic items.'.

`(8) PROTECTIVE COVERING-

`(A) IN GENERAL- Each bullion coin having a metallic content as
described in subsection (a)(11) and a design specified in paragraph (2)
shall be sold in an inexpensive covering that will protect the coin from
damage due to ordinary handling or storage.

`(B) DESIGN- The protective covering required under subparagraph (A)
shall be readily distinguishable from any coin packaging that may be used to
protect proof coins minted and issued under this subsection.'.

TITLE III--ABRAHAM LINCOLN BICENTENNIAL 1-CENT COIN REDESIGN

SEC. 301. FINDINGS.

Congress finds the following:

(1) Abraham Lincoln, the 16th President, was one of the Nation's
greatest leaders, demonstrating true courage during the Civil War, one of
the greatest crises in the Nation's history.

(2) Born of humble roots in Hardin County (present-day LaRue County),
Kentucky, on February 12, 1809, Abraham Lincoln rose to the Presidency
through a combination of honesty, integrity, intelligence, and commitment to
the United States.

(3) With the belief that all men are created equal, Abraham Lincoln led
the effort to free all slaves in the United States.

(4) Abraham Lincoln had a generous heart, with malice toward none, and
with charity for all.

(5) Abraham Lincoln gave the ultimate sacrifice for the country he
loved, dying from an assassin's bullet on April 15, 1865.

(6) All Americans could benefit from studying the life of Abraham
Lincoln, for Lincoln's life is a model for accomplishing the `American
dream' through honesty, integrity, loyalty, and a lifetime of education.

(7) The year 2009 will be the bicentennial anniversary of the birth of
Abraham Lincoln.

(8) Abraham Lincoln was born in Kentucky, grew to adulthood in Indiana,
achieved fame in Illinois, and led the nation in Washington, D.C.

(9) The so-called `Lincoln cent' was introduced in 1909 on the 100th
anniversary of Lincoln's birth, making the obverse design the most enduring
on the nation's coinage.

(10) President Theodore Roosevelt was so impressed by the talent of
Victor David Brenner that the sculptor was chosen to design the likeness of
President Lincoln for the coin, adapting a design from a plaque Brenner had
prepared earlier.

(11) In the nearly 100 years of production of the `Lincoln cent', there
have been only 2 designs on the reverse: the original, featuring 2
wheat-heads in memorial style enclosing mottoes, and the current
representation of the Lincoln Memorial in Washington, D.C.

(12) On the occasion of the bicentennial of President Lincoln's birth
and the 100th anniversary of the production of the Lincoln cent, it is
entirely fitting to issue a series of 1-cent coins with designs on the
reverse that are emblematic of the 4 major periods of President Lincoln's
life.

SEC. 302. REDESIGN OF LINCOLN CENT FOR 2009.

(a) In General- During the year 2009, the Secretary of the Treasury shall
issue 1-cent coins in accordance with the following design specifications:

(1) OBVERSE- The obverse of the 1-cent coin shall continue to bear the
Victor David Brenner likeness of President Abraham Lincoln.

(2) REVERSE- The reverse of the coins shall bear 4 different designs
each representing a different aspect of the life of Abraham Lincoln, such
as--

(A) his birth and early childhood in Kentucky;

(B) his formative years in Indiana;

(C) his professional life in Illinois; and

(D) his presidency, in Washington, D.C.

(b) Issuance of Redesigned Lincoln Cents in 2009-

(1) ORDER- The 1-cent coins to which this section applies shall be
issued with 1 of the 4 designs referred to in subsection (a)(2) beginning at
the start of each calendar quarter of 2009.

(2) NUMBER- The Secretary shall prescribe, on the basis of such factors
as the Secretary determines to be appropriate, the number of 1-cent coins
that shall be issued with each of the designs selected for each calendar
quarter of 2009.

(c) Design Selection- The designs for the coins specified in this section
shall be chosen by the Secretary--

(1) after consultation with the Abraham Lincoln Bicentennial Commission
and the Commission of Fine Arts; and

(2) after review by the Citizens Coinage Advisory Committee.

SEC. 303. REDESIGN OF REVERSE OF 1-CENT COINS AFTER 2009.

The design on the reverse of the 1-cent coins issued after December 31,
2009, shall bear an image emblematic of President Lincoln's preservation of
the United States of America as a single and united country.

SEC. 304. NUMISMATIC PENNIES WITH THE SAME METALLIC CONTENT AS THE 1909
PENNY.

The Secretary of the Treasury shall issue 1-cent coins in 2009 with the
exact metallic content as the 1-cent coin contained in 1909 in such number
as the Secretary determines to be appropriate for numismatic purposes

SEC. 305. SENSE OF THE CONGRESS.

It is the sense of the Congress that the original Victor David Brenner
design for the 1-cent coin was a dramatic departure from previous American
coinage that should be reproduced, using the original form and relief of the
likeness of Abraham Lincoln, on the 1-cent coins issued in 2009.
Passed the Senate November 18, 2005.

Attest:

Secretary.


109th CONGRESS

1st Session

S. 1047

AN ACT
To require the Secretary of the Treasury to mint coins in commemoration of
each of the Nation's past Presidents and their spouses, respectively, to
improve circulation of the $1 coin, to create a new bullion coin, and for
other purposes.

END


THOMAS Home | Contact | Accessibility | Legal | FirstGov
"Mark Olanoff" wrote in message
. ..
On Tuesday, the House will vote on S 1047 (already passed by the Senate),
a bill to require the secretary of the Treasury to mint coins in
commemoration of each of the nation's past presidents and their spouses,
respectively to improve circulation of the $1 coin, to create a new
bullion coin, and for other purposes.




  #4  
Old December 13th 05, 06:06 AM posted to rec.collecting.coins
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Posts: n/a
Default House to Vote on S 1047 (Presidential Coins)

On Mon, 12 Dec 2005 17:16:55 -0500, "Mark Olanoff"
wrote:

On Tuesday, the House will vote on S 1047 (already passed by the Senate), a
bill to require the secretary of the Treasury to mint coins in commemoration
of each of the nation's past presidents and their spouses, respectively to
improve circulation of the $1 coin, to create a new bullion coin, and for
other purposes.


A bad idea that get's even worse the more you read. ALL the
presidents are bad enough, but the spouses??? (nothing against the
gals). It's just way too many coins, especially when you think of
each coin in proofs and business.

I love some of the reasons that are cited in the bill for doing it.
Laughable.

-- Ron K
  #5  
Old December 13th 05, 03:46 PM posted to rec.collecting.coins
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Default House to Vote on S 1047 (Presidential Coins)

Mark Olanoff wrote:

Here is the bill on Presidential Coins. When passed by the House it goes to
President Bush for signature.
a..
S 1047 ES

109th CONGRESS

1st Session

S. 1047

--------------------------------------------------------------------------------

AN ACT
To require the Secretary of the Treasury to mint coins in commemoration of
each of the Nation's past Presidents and their spouses, respectively, to
improve circulation of the $1 coin, to create a new bullion coin, and for
other purposes.




WoW! What a huge steaming load of BS

JAM
  #6  
Old December 13th 05, 03:51 PM posted to rec.collecting.coins
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Default House to Vote on S 1047 (Presidential Coins)

I do like the third paragraph regarding the Lincoln Cent memorial. Back
to Copper for the 2009's. That will certainly cost the government
some money considering the penny will be worth more than a penny. I
might just buy a carton of those if it comes to pass.
  #7  
Old December 14th 05, 04:10 PM posted to rec.collecting.coins
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Default House to Vote on S 1047 (Presidential Coins)

As I read it, only the numismatic coins will be in 95% copper, 4%zinc
and 1% tin, the alloy used in 1909. Theoretically this would mean Proof
and Mint sets, which means there will be a tremendous demand on the
Mint Sets to cut them up for the cents for albums. The demand for Proof
cents should be the same as most years, plus the casual buyer.
..
Should be quite a Mint set. Five different dollar designs, one half
design, one (?) quarter design, one dime design, one nickel design and
four cent designs, all times two mint marks. It bums me out that they
want to place the "so-called mint marks" on the edges of the dollars,
as well as possibly the date.

TD

  #8  
Old December 14th 05, 04:18 PM posted to rec.collecting.coins
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Default House to Vote on S 1047 (Presidential Coins)

shreadvector wrote:

Passed:

http://clerk.house.gov/evs/2005/roll624.xml

My congressman voted "nay". That bit of info and what I know about him
from the community will lead me to vote for anybody else when he comes
up for re-election. I wish we had not been re-districted a decade or so
ago, since we had a very nice congressman who is still in office (and
voted "Yea"), but his district boundary moved west.

-Fred Shecter
http://search.ebay.com/_W0QQfgtpZ1QQ...shreadv ector


absurd.

JAM
  #9  
Old December 14th 05, 04:33 PM posted to rec.collecting.coins
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Default House to Vote on S 1047 (Presidential Coins)

lamented in the following statement:
It bums me out that they
want to place the "so-called mint marks" on the edges of the dollars,
as well as possibly the date.


What, pray tell, is a "so-called mint mark?"

Larry


  #10  
Old December 14th 05, 04:43 PM posted to rec.collecting.coins
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Default House to Vote on S 1047 (Presidential Coins)

Burma.

 




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