108TH CONGRESS

2D SESSION H. R. 1914

AN ACT

To provide for the issuance of a coin to commemotlement. rate the 400th anniversary of the Jamestown set-

108TH CONGRESS

2D SESSION H. R. 1914

AN ACT

To provide for the issuance of a coin to commemorate the

400th anniversary of the Jamestown settlement.

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 ‘‘Jamestown 400th An3 niversary Commemorative Coin Act of 2004’’.

4 SEC. 2. FINDINGS.

5 The Congress makes the following findings:

6 (1) The founding of the colony at Jamestown,

7 Virginia, in 1607, the first permanent English col8 ony in America, and the capital of Virginia for 92

9 years, has major significance in the history of the

10 United States.

11 (2) The Jamestown Settlement brought people

12 from throughout the Atlantic Basin together to form

13 a society that drew upon the strengths and charac14 teristics of English, European, African, and Native

15 American cultures.

16 (3) The economic, political, religious, and social

17 institutions that developed during the first 9 decades

18 of the existence of Jamestown continue to have pro19 found effects on the United States, particularly in

20 English common law and language, cross cultural re21 lationships, manufacturing, and economic structure

22 and status.

23 (4) The National Park Service, the Association

24 for the Preservation of Virginia Antiquities, and the

25 Jamestown-Yorktown Foundation of the Common26 wealth of Virginia collectively own and operate sig-
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1 nificant resources related to the early history of

2 Jamestown.

3 (5) In 2000, Congress established the James4 town 400th Commemoration Commission to ensure

5 a suitable national observance of the Jamestown

6 2007 anniversary and to support and facilitate mar7 keting efforts for a commemorative coin, stamp, and

8 related activities for the Jamestown 2007 observ9 ances.

10 (6) A commemorative coin will bring national

11 and international attention to the lasting legacy of

12 Jamestown, Virginia.

13 (7) The proceeds from a surcharge on the sale

14 of such commemorative coin will assist the financing

15 of a suitable national observance in 2007 of the

16 400th anniversary of the founding of Jamestown,

17 Virginia.

18 SEC. 2. COIN SPECIFICATIONS.

19 (a) DENOMINATIONS.—The Secretary of the Treas20 ury (hereafter in this Act referred to as the ‘‘Secretary)

21 shall mint and issue the following coins:

22 (1) $5 GOLD COINS.—Not more than 100,000 5

23 dollar coins, which shall—

24 (A) weigh 8.359 grams;

25 (B) have a diameter of 0.850 inches; and
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1 (C) contain 90 percent gold and 10 percent

2 alloy.

3 (2) $1 SILVER COINS.—Not more than 500,000

4 1 dollar coins, which shall—

5 (A) weigh 26.73 grams;

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

7 (C) contain 90 percent silver and 10 per8 cent copper.

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

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

11 title 31, United States Code.

12 (c) NUMISMATIC ITEMS.—For purposes of sections

13 5134 and 5136 of title 31, United States Code, all coins

14 minted under this Act shall be considered to be numis15 matic items.

16 SEC. 3. SOURCES OF BULLION.

17 The Secretary shall obtain gold and silver for minting

18 coins under this Act pursuant to the authority of the Sec19 retary under other provisions of law.

20 SEC. 4. DESIGN OF COINS.

21 (a) DESIGN REQUIREMENTS.—

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

23 minted under this Act shall be emblematic of the

24 settlement of Jamestown, Virginia, the first perma25 nent English settlement in America.
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1 (2) DESIGNATION AND INSCRIPTIONS.—On

2 each coin minted under this Act there shall be—

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

4 (B) an inscription of the year ‘‘2007’’; and

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

6 ‘‘In God We Trust’’, ‘‘United States of Amer7 ica’’, and ‘‘E Pluribus Unum’’.

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

9 under this Act shall be—

10 (1) selected by the Secretary after consultation

11 with—

12 (A) the Jamestown 2007 Steering Com13 mittee, created by the Jamestown-Yorktown

14 Foundation of the Commonwealth of Virginia;

15 (B) the National Park Service; and

16 (C) the Commission of Fine Arts; and

17 (2) reviewed by the citizens advisory committee

18 established under section 5135 of title 31, United

19 States Code.

20 SEC. 5. ISSUANCE OF COINS.

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

22 Act shall be issued in uncirculated and proof qualities.

23 (b) MINT FACILITY.—Only 1 facility of the United

24 States Mint may be used to strike any particular combina-
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1 tion of denomination and quality of the coins minted under

2 this Act.

3 (c) PERIOD FOR ISSUANCE.—The Secretary may

4 issue coins minted under this Act only during the period

5 beginning on January 1, 2007, and ending on December

6 31, 2007.

7 SEC. 6. SALE OF COINS.

8 (a) SALE PRICE.—Notwithstanding any other provi9 sion of law, the coins issued under this Act shall be sold

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

11 the cost of designing and issuing such coins (including

12 labor, materials, dies, use of machinery, overhead ex13 penses, and marketing).

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

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

16 discount.

17 (c) PREPAID ORDERS.—

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

19 prepaid orders for the coins minted under this Act

20 before the issuance of such coins.

21 (2) DISCOUNT.—Sale prices with respect to pre22 paid orders under paragraph (1) shall be at a rea23 sonable discount.
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1 SEC. 7. SURCHARGES.

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

3 a surcharge of $35 per coin for the $5 coins and $10 per

4 coin for the $1 coins.

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

6 title 31, United States Code, all surcharges which are re7 ceived by the Secretary from the sale of coins issued under

8 this Act shall be promptly paid by the Secretary as follows:

9 (1) PROGRAMS TO PROMOTE UNDERSTANDING

OF THE LEGACIES OF JAMESTOWN.—1 10 ⁄2 of the sur11 charges shall be used to support programs to pro12 mote the understanding of the legacies of James13 town and for such purpose shall be paid to the

14 Jamestown-Yorktown Foundation of the Common15 wealth of Virginia.

16 (2) OTHER PURPOSES FOR SURCHARGES.—

(A) IN GENERAL.—1 17 ⁄2 of the surcharges

18 shall be used for the following purposes:

19 (i) To sustain the ongoing mission of

20 preserving Jamestown.

21 (ii) To enhance national and inter22 national educational programs relating to

23 Jamestown, Virginia.

24 (iii) To improve infrastructure and ar25 chaeological research activities relating to

26 Jamestown, Virginia.
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1 (iv) To conduct other programs to

2 support the commemoration of the 400th

3 anniversary of the settlement of James4 town, Virginia.

5 (B) RECIPIENTS OF SURCHARGES FOR

6 SUCH OTHER PURPOSES.—The surcharges re7 ferred to in subparagraph (A) shall be distrib8 uted by the Secretary in equal shares to the fol9 lowing organizations for the purposes described

10 in such subparagraph:

11 (i) The Secretary of the Interior.

12 (ii) The Association for the Preserva13 tion of Virginia Antiquities.

14 (iii) The Jamestown-Yorktown Foun15 dation of the Commonwealth of Virginia.

16 (c) AUDITS.—The Jamestown-Yorktown Foundation

17 of the Commonwealth of Virginia, the Secretary of the In18 terior, and the Association for the Preservation of Virginia

19 Antiquities shall each be subject to the audit requirements

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

21 (d) LIMITATION.—Notwithstanding subsection (a),

22 no surcharge may be included with respect to the issuance

23 under this Act of any coin during a calendar year if, as

24 of the time of such issuance, the issuance of such coin

25 would result in the number of commemorative coin pro-
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1 grams issued during such year to exceed the annual 2

2 commemorative coin program issuance limitation under

3 section 5112(m)(1) of title 31, United States Code (as in

4 effect on the date of the enactment of this Act). The Sec5 retary of the Treasury may issue guidance to carry out

6 this subsection.

Passed the House of Representatives July 14, 2004.

Attest:

Clerk.