Bill Summary
This bill, known as the "Carson City Mint 150th Anniversary Commemorative Coin Act of 2019," requires the Secretary of the Treasury to mint and issue coins in commemoration of the 150th anniversary of the Carson City Mint. The bill also outlines the specifications for the coins, including the denominations and materials, and requires that the design be emblematic of the Carson City Mint's history and significance. The coins will be legal tender and considered numismatic items. Surcharges will be applied to the sale of the coins, with the funds going towards supporting the Nevada State Museum's mission. The Secretary must ensure that the minting and issuing of the coins will not result in a net cost to the government, and no funds will be disbursed until the costs are recovered.
Possible Impacts
1) People who collect commemorative coins may be interested in purchasing these coins, as they are a limited edition and have a unique design that commemorates an important event in American history.
2) The Nevada State Museum Dedicated Trust Fund will receive a portion of the surcharges collected from the sale of these coins, which may help support the museum's mission and operations.
3) The design of the coins will be chosen by the Secretary of the Treasury, after consulting with the Nevada State Museum Dedicated Trust Fund and the Citizens Coinage Advisory Committee, potentially involving these organizations in the decision-making process.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 61 Introduced in House (IH)]
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116th CONGRESS
1st Session
H. R. 61
To require the Secretary of the Treasury to mint coins in commemoration
of the Carson City Mint 150th anniversary, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 3, 2019
Mr. Amodei 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 Carson City Mint 150th anniversary, 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 ``Carson City Mint 150th Anniversary
Commemorative Coin Act of 2019''.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) The Carson City Mint played an important role in the
founding of the Great American West.
(2) Congress established the Carson City Mint in 1863 to
serve the coinage needs brought on by the Comstock Lode during
the silver rush in Nevada.
(3) The Carson City Mint was designed by Alfred Mullett,
the supervising architect for the United States Department of
the Treasury.
(4) The brick used to construct the Carson City Mint was
manufactured at the Adams Brick Works in Genoa, operated by the
grandsons of John Quincy Adams.
(5) The opening of the Carson City Mint was delayed due to
the Civil War.
(6) The Carson City Mint opened in December of 1869, and
produced its first coins on February 11, 1870.
(7) Coins struck at the Carson City Mint were distinguished
by the ``CC'' mint mark.
(8) The Carson City Mint coined more than $49,000,000 of
silver and gold.
(9) The Carson City Mint ended coin production in 1893, due
to reduced mining of the Comstock Lode.
(10) The Carson City Mint is listed on the National
Register of Historic Places.
SEC. 3. COIN SPECIFICATIONS.
(a) Denominations.--Notwithstanding any other provision of law, and
in commemoration of the Carson City Mint's 150th Anniversary, the
Secretary of the Treasury (hereinafter 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 not less than 90 percent silver.
(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.
(a) In General.--The design of the coins minted under this Act
shall be emblematic of the Carson City Mint building, its importance to
Nevada and the Nation's history, and its 150th anniversary.
(b) Designation and Inscriptions.--On each coin minted under this
Act, there shall be--
(1) a designation of the value of the coin;
(2) an inscription of the year ``2020''; and
(3) inscriptions of the words ``Liberty'', ``In God We
Trust'', ``United States of America'', and ``E Pluribus Unum''.
(c) Selection.--The design for the coins minted under this Act
shall be--
(1) selected by the Secretary, after consultation with the
Nevada State Museum Dedicated Trust Fund;
(2) reviewed by the Citizens Coinage Advisory Committee;
and
(3) selected in a timely fashion, which allows for the
minting of such coins to begin as quickly as possible.
SEC. 5. ISSUANCE OF COINS.
(a) Quality of Coins.--Coins minted under this Act shall be issued
in uncirculated and proof qualities.
(b) Period for Issuance.--The Secretary may issue coins minted
under this Act only during the 1-year period beginning on January 1,
2020.
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.
(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 to the Nevada State
Museum Dedicated Trust Fund, for the purpose of supporting the Nevada
State Museum mission.
(c) Audits.--The Nevada State Museum Dedicated Trust Fund 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).
(d) Limitation.--Notwithstanding subsection (a), no surcharge may
be included with respect to the issuance under this Act of any coin
during a calendar year if, as of the time of such issuance, the
issuance of such coin would result in the number of commemorative coin
programs issued during such year to exceed the annual commemorative
coin program issuance limitation under section 5112(m)(1) of title 31,
United States Code (as in effect on the date of the enactment of this
Act). The Secretary of the Treasury may issue guidance to carry out
this subsection.
SEC. 8. FINANCIAL ASSURANCES.
The Secretary shall take such actions as may be necessary to ensure
that--
(1) minting and issuing coins under this Act will not
result in a net cost to the United States Government; and
(2) no funds, including applicable surcharges, are
disbursed to the recipient designated in section 7 until the
total cost of designing and issuing all of the coins authorized
by this Act (including labor, materials, dies, use of
machinery, overhead expenses, marketing, and shipping) is
recovered by the United States Treasury, consistent with
sections 5112(m) and 5134(f) of title 31, United States Code.
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