I 

108TH CONGRESS 

1ST SESSION H. R. 2404

To require the Secretary of the Treasury to mint coins in commemoration 

of the centenary of the bestowal of the Nobel Peace Prize on President 

Theodore Roosevelt, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 10, 2003

Mr. KING of New York (for himself, Mrs. MALONEY, Mr. BAKER, Mr. BACHUS, Mrs. KELLY, Mr. NEY, Mr. KANJORSKI, Mr. GUTIERREZ, Mr. 

LEACH, Mr. BLUNT, Mr. ISRAEL, Mr. WAMP, Mr. BISHOP of New York, 

Mr. BISHOP of Georgia, Mr. BOEHLERT, Ms. BORDALLO, Mr. BUYER, 

Mr. CALVERT, Mrs. CAPPS, Mr. CASE, Mr. CONYERS, Mr. FOLEY, Mr. 

FOSSELLA, Mr. FROST, Mr. GREEN of Wisconsin, Mr. HINCHEY, Mr. 

HYDE, Mr. KENNEDY of Minnesota, Mr. LANTOS, Mr. LIPINSKI, Mrs. 

MCCARTHY of New York, Mr. MCHUGH, Mr. MCGOVERN, Mr. MCNULTY, Mrs. MILLER of Michigan, Mr. MURPHY, Mr. NEAL of Massachusetts, Mr. PETERSON of Pennsylvania, Mr. POMEROY, Mr. QUINN, Mr. 

RANGEL, Mr. RODRIGUEZ, Mr. SCHIFF, Mr. SERRANO, Mr. SHAW, Mr. 

SIMMONS, Mr. SKELTON, Mr. SOUDER, Mr. SWEENEY, Mr. TANCREDO, 

Mr. TAYLOR of North Carolina, Mr. TIAHRT, Mr. WALSH, Mr. WOLF, 

and Mrs. JO ANN DAVIS of Virginia) 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 centenary of the bestowal of 

the Nobel Peace Prize on President Theodore Roosevelt, 

and for other purposes.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,
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1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Theodore Roosevelt 

3 Commemorative Coin Act’’.

4 SEC. 2. FINDINGS. 

5 The Congress finds the following: 

6 (1) Theodore Roosevelt, one of America’s great7 est presidents, was born on October 27, 1858, in 

8 New York City, New York. 

9 (2) At the young age of 23, Theodore Roosevelt 

10 was elected to the first of 3 terms as a representa11 tive in the New York State Assembly (1882–1884). 

12 (3) From 1895–1897, Theodore Roosevelt 

13 served as Commissioner of the New York City Police 

14 Department. 

15 (4) While serving as Assistant Secretary of the 

16 Navy under President William McKinley (1897–

17 1898), Theodore Roosevelt organized the First 

18 United States Volunteer Cavalry Regiment, popu19 larly known as the ‘‘Rough Riders’’, and then served 

20 as Colonel of this regiment during the Spanish21 American War. 

22 (5) From 1898–1900, Theodore Roosevelt 

23 served as Governor of New York. 

24 (6) In 1900, with the election of President 

25 McKinley, Theodore Roosevelt was elected as the 

26 25th Vice-President of the United States. 
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1 (7) Becoming the 26th President of the United 

2 States the following year, Theodore Roosevelt took a 

3 very active role in foreign affairs, establishing the 

4 United States as a new world power, and instituted 

5 broad reforms, at home, particularly with respect to 

6 labor, monopolies, and conservation, until the end of 

7 his presidency in 1909. 

8 (8) On January 16, 2001, Theodore Roosevelt 

9 was posthumously awarded the Congressional Medal 

10 of Honor for leading a charge up the San Juan 

11 Heights in Cuba during the Spanish-American War, 

12 shortly before the war ended, thereby becoming the 

13 first President of the United States to be awarded 

14 the Congressional Medal of Honor. 

15 (9) 2006 will mark the 100th anniversary of 

16 Theodore Roosevelt receiving the Nobel Peace Prize, 

17 the first citizen of the United States to receive such 

18 prize, for drawing up the 1905 peace treaty ending 

19 the Russo-Japanese War. 

20 SEC. 3. COIN SPECIFICATIONS. 

21 (a) DENOMINATIONS.—The Secretary of the Treas22 ury (hereinafter in this Act referred to as the ‘‘Secretary’’) 

23 shall mint and issue the following coins: 

24 (1) $1 SILVER COINS WITH ROUGH RIDER DE25 SIGN ON OBVERSE.—Not more than 500,000 $1 
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1 coins bearing the designs specified in section 

2 4(a)(2), each of which shall—

3 (A) weigh 26.73 grams; 

4 (B) have a diameter of 1.500 inches; and 

5 (C) contain 90 percent silver and 10 per6 cent copper. 

7 (2) $1 SILVER COINS WITH ADVENTURER DE8 SIGN ON OBVERSE.—Not more than 500,000 $1 

9 coins bearing the designs specified in section 

10 4(a)(3), each of which shall—

11 (A) weigh 26.73 grams; 

12 (B) have a diameter of 1.500 inches; and 

13 (C) contain 90 percent silver and 10 per14 cent copper. 

15 (b) LEGAL TENDER.—The coins minted under this 

16 Act shall be legal tender, as provided in section 5103 of 

17 title 31, United States Code. 

18 (c) NUMISMATIC ITEMS.—For purposes of section 

19 5136 of title 31, United States Code, all coins minted 

20 under this Act shall be considered to be numismatic items. 

21 (d) USE OF THE UNITED STATES MINT AT WEST

22 POINT, NEW YORK.—It is the sense of the Congress that 

23 the coins minted under this Act should be struck at the 

24 United States Mint at West Point, New York, to the 

25 greatest extent possible. 
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1 SEC. 4. DESIGN OF COINS. 

2 (a) DESIGN REQUIREMENTS.—

3 (1) IN GENERAL.—The design of the coins 

4 minted under this Act shall—

5 (A) be emblematic of the life and legacy of 

6 President Theodore Roosevelt; and 

7 (B) use the designs of James Earle Fraser 

8 or Augustus Saint-Gaudens, 2 sculptors most 

9 closely associated with the revitalization of the 

10 United States coinage, commonly referred to as 

11 the ‘‘Golden Age of American Coin Design’’, 

12 that was initiated by President Theodore Roo13 sevelt. 

14 (2) $1 COINS WITH ROUGH RIDER DESIGN.—

15 (A) OBVERSE.—The obverse of the coins 

16 minted under section 3(a)(1) shall bear the 

17 image of Theodore Roosevelt as a Rough Rider 

18 that was used on the James Earle Fraser 

19 medal of 1920. 

20 (B) REVERSE.—The reverse of the coins 

21 minted under section 3(a)(1) shall bear the 

22 eagle design, with motto, from the $20 gold 

23 ‘‘double eagle’’ coin produced between 1907 and 

24 1933 and designed by Augustus Saint-Gaudens. 

25 (3) $1 COINS WITH ADVENTURER DESIGN.—
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1 (A) OBVERSE.—The obverse of the coins 

2 minted under section 3(a)(2) shall bear the 

3 image of Theodore Roosevelt on horseback, 

4 based on James Earle Fraser’s monumental 16-

5 foot high bronze equestrian figure of Roosevelt 

6 that—

7 (i) stands at the east front of the 

8 American Museum of Natural History in 

9 New York City; and 

10 (ii) recognizes Roosevelt’s lifelong ac11 tivity as a naturalist and conservationist 

12 and emphasizes him as an adventurer, out13 doorsman, and hunter. 

14 (B) REVERSE.—The reverse of the coins 

15 minted under section 3(a)(2) shall bear the de16 sign based on the reverse designs by James 

17 Earle Fraser used on the Roosevelt Memorial 

18 Association Medal of Honor and the Associa19 tion’s Founders Medal that—

20 (i) depict the crusader’s flaming 

21 sword of righteousness and evoke ‘‘Big 

22 Stick’’ philosophy President Roosevelt es23 poused; and 

24 (ii) to the left and right of the flaming 

25 sword in four lines bear the quotation ‘‘If 
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1 I Must Choose Between Righteousness and 

2 Peace, I Choose Righteousness.’’ from 

3 Roosevelt’s historical work, ‘‘Unwise Peace 

4 Treaties’’. 

5 (4) DESIGNATION AND INSCRIPTIONS.—On 

6 each coin minted under this Act there shall be—

7 (A) a designation of the value of the coin; 

8 (B) an inscription of the year ‘‘2006’’; and 

9 (C) inscriptions of the words ‘‘Liberty’’, 

10 ‘‘In God We Trust’’, ‘‘United States of Amer11 ica’’, and ‘‘E Pluribus Unum’’. 

12 (b) SELECTION.—The design for the coins minted 

13 under this Act shall be—

14 (1) selected by the Secretary after consultation 

15 with the Commission of Fine Arts; and 

16 (2) reviewed by the citizens advisory committee 

17 established under section 5135 of title 31, United 

18 States Code. 

19 SEC. 5. ISSUANCE OF COINS. 

20 (a) QUALITY OF COINS.—Coins minted under this 

21 Act shall be issued in uncirculated and proof qualities. 

22 (b) COMMENCEMENT OF ISSUANCE.—The Secretary 

23 may issue coins minted under this Act beginning January 

24 1, 2006, except that the Secretary may initiate sales of 

25 such coins, without issuance, before such date. 
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1 (c) TERMINATION OF MINTING AUTHORITY.—No 

2 coins shall be minted under this Act after December 31, 

3 2006. 

4 SEC. 6. SALE OF COINS. 

5 (a) SALE PRICE.—Notwithstanding any other provi6 sion of law, the coins issued under this Act shall be sold 

7 by the Secretary at a price equal to the face value, plus 

8 the cost of designing and issuing such coins (including 

9 labor, materials, dies, use of machinery, overhead ex10 penses, and marketing). 

11 (b) BULK SALES.—The Secretary shall make bulk 

12 sales of the coins issued under this Act at a reasonable 

13 discount. 

14 (c) PREPAID ORDERS AT A DISCOUNT.—

15 (1) IN GENERAL.—The Secretary shall accept 

16 prepaid orders for the coins minted under this Act 

17 before the issuance of such coins. 

18 (2) DISCOUNT.—Sale prices with respect to pre19 paid orders under paragraph (1) shall be at a rea20 sonable discount. 

21 (d) SALES OF SINGLE COINS AND SETS OF COINS.—

22 Coins of each design specified under section 4 may be sold 

23 separately or as a set containing a coin of each such de24 sign. 
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1 SEC. 7. SURCHARGES. 

2 (a) SURCHARGE REQUIRED.—All sales shall include 

3 a surcharge of $10 per coin. 

4 (b) DISTRIBUTION.—Subject to section 5134(f) of 

5 title 31, United States Code, all surcharges which are re6 ceived by the Secretary from the sale of coins issued under 

7 this Act shall be promptly paid by the Secretary to the 

8 Theodore Roosevelt Association to be used exclusively for 

9 educational programs at Sagamore Hill National Historic 

10 Site, operated by the National Park Service, including for 

11 the construction and maintenance of a visitor’s center. 

12 (c) AUDITS.—The Theodore Roosevelt Association 

13 shall be subject to the audit requirements of section 

14 5134(f)(2) of title 31, United States Code.

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