I 

112TH CONGRESS 

1ST SESSION H. R. 497 

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

of Ronald Wilson Reagan, the 40th President of the United States. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 26, 2011 

Mr. LATTA (for himself, Mr. MCCLINTOCK, Mr. LEWIS of California, Mr. AUSTRIA, Mr. BURTON of Indiana, Mr. SCALISE, Mr. ROGERS of Kentucky, 

Mr. CALVERT, Mr. JONES, Mr. DANIEL E. LUNGREN of California, Mr. 

WOLF, Mr. FRELINGHUYSEN, Mr. GRIMM, Mr. CHABOT, Mr. CRAWFORD, 

Mr. FRANKS of Arizona, Mr. GINGREY of Georgia, Mr. ISSA, Mr. FLEMING, Mr. HERGER, Mr. WILSON of South Carolina, Mr. ROE of Tennessee, Mr. BRADY of Texas, Mrs. BLACKBURN, Mr. MARCHANT, Mr. 

FLORES, Mr. LAMBORN, and Mr. POSEY) 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 Ronald Wilson Reagan, the 40th 

President of the United States. 

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

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Ronald Reagan Com5 memorative Coin Act of 2011’’. 


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1 SEC. 2. COIN SPECIFICATIONS. 

2 (a) DENOMINATIONS.—The Secretary of the Treas3 ury (hereafter in this Act referred to as the ‘‘Secretary’’) 

4 shall mint and issue the following coins: 

5 (1) $5 GOLD COIN.—Not more than 50,000 $5 

6 coins, which shall— 

7 (A) weigh 8.359 grams; 

8 (B) have a diameter of 0.850 inches; and 

9 (C) contain 90 percent gold and 10 percent 

10 alloy. 

11 (2) $1 SILVER COIN.—Not more than 300,000 

12 $1 coins, which shall— 

13 (A) weigh 26.73 grams; 

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

15 (C) contain 90 percent silver and 10 per16 cent copper. 

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

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

19 title 31, United States Code. 

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

21 5134 and 5136 of title 31, United States Code, all coins 

22 minted under this Act shall be considered to be numis23 matic items. 

24 SEC. 3. DESIGN OF COINS. 

25 (a) DESIGN REQUIREMENTS.— 


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

2 minted under this Act shall— 

3 (A) bear an image of former President 

4 Ronald Wilson Reagan and a reference to his 

5 100th birthday in 2011 on the obverse side; and 

6 (B) bear a design on the reverse side that 

7 is similar to the depiction of an American eagle 

8 carrying an olive branch, flying above a nest 

9 containing another eagle and hatchlings. 

10 (2) DESIGNATION AND INSCRIPTIONS.—On 

11 each coin minted under this Act, there shall be— 

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

13 (B) an inscription of the year ‘‘2017’’; and 

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

15 ‘‘In God We Trust’’, ‘‘United States of Amer16 ica’’, and ‘‘E Pluribus Unum’’. 

17 (b) DESIGN SELECTION.—The design for the coins 

18 minted under this Act shall be— 

19 (1) selected by the Secretary, after consultation 

20 with the Commission of Fine Arts; and 

21 (2) reviewed by the Citizens Commemorative 

22 Coin Advisory Committee. 

23 SEC. 4. ISSUANCE OF COINS. 

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

25 Act shall be issued in uncirculated and proof qualities. 


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

2 States Mint may be used to strike any particular quality 

3 of the coins minted under this Act. 

4 (c) COMMENCEMENT OF ISSUANCE.—The Secretary 

5 may issue coins minted under this Act beginning on Janu6 ary 1, 2017, except that the Secretary may initiate sales 

7 of such coins, without issuance, before such date. 

8 (d) TERMINATION OF MINTING AUTHORITY.—No 

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

10 2017. 

11 SEC. 5. SALE OF COINS. 

12 (a) SALE PRICE.—The coins issued under this Act 

13 shall be sold by the Secretary at a price equal to the sum 

14 of— 

15 (1) the face value of the coins; 

16 (2) the surcharge provided in section 6(a) with 

17 respect to such coins; and 

18 (3) the cost of designing and issuing the coins 

19 (including labor, materials, dies, use of machinery, 

20 overhead expenses, marketing, and shipping). 

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

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

23 discount. 

24 (c) PREPAID ORDERS.— 


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

2 prepaid orders for the coins minted under this Act 

3 before the issuance of such coins. 

4 (2) DISCOUNT.—Sale prices with respect to pre5 paid orders under paragraph (1) shall be at a rea6 sonable discount. 

7 SEC. 6. SURCHARGES. 

8 (a) IN GENERAL.—All sales of coins minted under 

9 this Act shall include a surcharge as follows: 

10 (1) A surcharge of $35 per coin for the $5 coin. 

11 (2) A surcharge of $10 per coin for the $1 coin. 

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

13 title 31, United States Code, the proceeds from the sur14 charges received by the Secretary from the sale of coins 

15 issued under this Act shall be paid promptly by the Sec16 retary to the Army Emergency Relief to be used by the 

17 Army Emergency Relief for the purposes of providing fi18 nancial assistance to any of the following individuals: 

19 (1) An individual who is an Army active duty 

20 soldier, single or married, or a dependent of such a 

21 soldier. 

22 (2) A member of the Army National Guard or 

23 Army Reserve on continuous active duty under title 

24 10, United States Code, for more than 30 consecu25 tive days, or a dependent of such a member. 


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1 (3) A soldier retired from active duty because 

2 of longevity or physical disability, including any 

3 Army National Guard or Army Reserve soldier who 

4 is in receipt of Army retired pay, or any authorized 

5 dependent of such soldier. 

6 (4) A surviving spouse or dependent child of a 

7 soldier who died while on active duty or after retire8 ment. 

9 (c) AUDITS.—The Army Emergency Relief shall be 

10 subject to the audit requirements of section 5134(f)(2) of 

11 title 31, United States Code, with regard to such funds. 

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

13 no surcharge may be included with respect to the issuance 

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

15 of the time of such issuance, the issuance of such coin 

16 would result in the number of commemorative coin pro17 grams issued during such year to exceed the annual 2 

18 commemorative coin program issuance limitation under 

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

20 effect on the date of the enactment of this Act). The Sec21 retary of the Treasury may issue guidance to carry out 

22 this subsection. 

Æ 


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