6-29-06, Bill Passed Senate by Unanimous Consent w/
Amendment
Referred to House
109th CONGRESS
2d Session
S. 811
AN ACT
To require the Secretary of the Treasury to mint coins in commemoration
of the bicentennial of the birth of Abraham Lincoln.
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 `Abraham Lincoln Commemorative Coin Act'.
SEC. 2. FINDINGS.
The Congress finds as follows:
(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 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 were 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 his country, dying
from an assassin's bullet on April 15, 1865.
(6) The year 2009 will be the bicentennial anniversary of the birth of
Abraham Lincoln.
(7) The Abraham Lincoln Bicentennial Commission has been charged by Congress
with planning the celebration of President Lincoln's bicentennial.
(8) The proceeds from a commemorative coin will help fund the celebration
and the continued study of the life of President Lincoln.
SEC. 3. COIN SPECIFICATIONS.
(a) $1 Silver Coins- The Secretary of the Treasury (in this Act referred
to as the `Secretary') shall mint and issue not more than 500,000 $1 coins,
which shall--
(2) have a diameter of 1.500 inches; and
(3) contain 90 percent silver and 10 percent copper.
(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 COINS.
(1) IN GENERAL- The design of the coins minted under this Act shall be
emblematic of the life and legacy of President Abraham Lincoln.
(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 `2009'; 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 Abraham Lincoln Bicentennial Commission; and
(2) reviewed by the Citizens Coinage Advisory Committee established under
section 5135 of title 31, United States Code.
SEC. 5. 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, 2009.
SEC. 6. SALE OF COINS.
(a) Sale Price- The coins minted 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 minted
under this Act at a reasonable discount.
(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 of $10 per 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 minted
under this Act shall be promptly paid by the Secretary to the Abraham Lincoln
Bicentennial Commission to further the work of the Commission.
(c) Audits- The Abraham Lincoln Bicentennial Commission shall be subject
to the audit requirements of section 5134(f)(2) of title 31, United States
Code.
Passed the Senate June 29, 2006.
Attest:
Secretary.
109th CONGRESS
2d Session
S. 811
AN ACT
To require the Secretary of the Treasury to mint coins in commemoration
of the bicentennial of the birth of Abraham Lincoln.
END
