II 

117TH CONGRESS 

1ST SESSION S. 2384 

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

of the semiquincentennial anniversary of the establishment of the United 

States. 

IN THE SENATE OF THE UNITED STATES 

JULY 20, 2021 

Mr. TOOMEY (for himself, Mr. CASEY, Mrs. SHAHEEN, Mr. COTTON, Mrs. 

CAPITO, and Ms. LUMMIS) introduced the following bill; which was read 

twice and referred to the Committee on Banking, Housing, and Urban 

Affairs 

A BILL 

To require the Secretary of the Treasury to mint coins 

in commemoration of the semiquincentennial anniversary 

of the establishment 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 ‘‘Semiquincentennial 

5 Commemorative Coin Act’’. 

6 SEC. 2. FINDINGS. 

7 The Congress finds the following: 


kjohnson on DSK79L0C42PROD with BILLS
2 

•S 2384 IS

1 (1) July 4, 1776, was the date on which the 

2 unanimous declaration of the thirteen United States 

3 of America was passed, declaring the Nation as 

4 independent. 

5 (2) July 4, 2026, will mark the 250th anniver6 sary of us declaring our independence. 

7 (3) It is common practice to celebrate moments 

8 such as this in the history of our country through 

9 the minting of a commemorative coin. 

10 SEC. 3. COIN SPECIFICATIONS. 

11 (a) DENOMINATIONS.—The Secretary of the Treas12 ury (hereafter in this Act referred to as the ‘‘Secretary’’) 

13 shall mint and issue the following coins in commemoration 

14 of the semiquincentennial anniversary of the establishment 

15 of the United States: 

16 (1) $25.00 GOLD COINS.—Not more than 

17 100,000 $25.00 coins, which shall— 

18 (A) weigh 8.359 grams; 

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

20 (C) contain 90 percent gold and 10 percent 

21 alloy. 

22 (2) $2.50 SILVER COINS.—Not more than 

23 500,000 $2.50 coins, which shall— 

24 (A) weigh 26.73 grams; 

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


kjohnson on DSK79L0C42PROD with BILLS
3 

•S 2384 IS

1 (C) contain not less than 90 percent silver. 

2 (3) 25 CENT CLAD COINS.—Not more than 

3 750,000 quarter dollar coins, which shall— 

4 (A) weigh 5.67 grams; 

5 (B) have a diameter of 0.955 inches; and 

6 (C) be minted to the specifications for 

7 quarter dollar coins, contained in section 

8 5112(b) of title 31, United States Code. 

9 (4) PROOF SILVER $2.50 COINS.—The Secretary 

10 shall mint and issue not more than 100,000 proof 

11 silver $2.50 coins, each of which shall— 

12 (A) weigh 5 ounces; 

13 (B) have a diameter of 3 inches; and 

14 (C) contain .999 fine silver. 

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 sections 

19 5134 and 5136 of title 31, United States Code, all coins 

20 minted under this Act shall be considered to be numis21 matic items. 

22 (d) MINTAGE LIMIT EXCEPTION.—If the Secretary 

23 determines, based on independent, market based research 

24 conducted by the designated recipient organization identi25 fied in section 7(b) that the mintage levels described under 


kjohnson on DSK79L0C42PROD with BILLS
4 

•S 2384 IS

1 this subsection are not adequate to meet public demand, 

2 the Secretary may increase the mintage levels as the Sec3 retary determines is necessary to meet public demand. 

4 SEC. 4. DESIGNS OF COINS. 

5 (a) DESIGN REQUIREMENTS.— 

6 (1) IN GENERAL.—The designs of the coins 

7 minted under this Act shall be emblematic of the 

8 semiquincentennial anniversary of the establishment 

9 of the United States of America and celebrate 250 

10 years of our Nation. 

11 (2) DESIGNATION AND INSCRIPTIONS.—On 

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

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

14 (B) an inscription of the years ‘‘1776– 

15 2026’’; and 

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

17 ‘‘In God We Trust’’, ‘‘United States of Amer18 ica’’, and ‘‘E Pluribus Unum’’. 

19 (b) SELECTION.—The designs for the coins minted 

20 under this Act shall be— 

21 (1) selected by the Secretary, after consultation 

22 with the Semiquincentennial Commission, the Amer23 ica 250 Foundation, and the Commission of Fine 

24 Arts; and 


kjohnson on DSK79L0C42PROD with BILLS
5 

•S 2384 IS

1 (2) reviewed by the Citizens Coinage Advisory 

2 Committee. 

3 SEC. 5. ISSUANCE OF COINS. 

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

5 Act shall be issued in uncirculated and proof qualities. 

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

7 States Mint may be used to strike any particular quality 

8 of the coins minted under this Act. 

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

10 issue coins under this Act only during the period begin11 ning on January 1, 2026, and ending on December 31, 

12 2026. 

13 SEC. 6. SALE OF COINS. 

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

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

16 of— 

17 (1) the face value of the coins; 

18 (2) the surcharge provided in section 7(a) with 

19 respect to such coins; and 

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

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

22 overhead expenses, marketing, and shipping). 

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

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

25 discount. 


kjohnson on DSK79L0C42PROD with BILLS
6 

•S 2384 IS

1 (c) PREPAID ORDERS.— 

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

3 prepaid orders for the coins minted under this Act 

4 before the issuance of such coins. 

5 (2) DISCOUNT.—Sale prices with respect to pre6 paid orders under paragraph (1) shall be at a rea7 sonable discount. 

8 SEC. 7. SURCHARGES. 

9 (a) IN GENERAL.—All sales of coins issued under this 

10 Act shall include a surcharge as follows: 

11 (1) A surcharge of $35 per coin for the gold 

12 coins. 

13 (2) A surcharge of $10 per coin for the silver 

14 coins. 

15 (3) A surcharge of $5 per coin for the quarter 

16 dollar coins. 

17 (4) A surcharge of $50 per coin for the $2.50 

18 5 ounce proof silver coins. 

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

20 title 31, United States Code, all surcharges received by 

21 the Secretary from the sale of coins issued under this Act 

22 shall be paid to the America 250 Foundation to fund the 

23 restoration, rehabilitation, and interpretation of units of 

24 America’s National Park System and its related areas, as 


kjohnson on DSK79L0C42PROD with BILLS
7 

•S 2384 IS

1 a legacy of the United States Semiquincentennial com2 memoration. 

3 (c) AUDITS.—The America 250 Foundation shall be 

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

5 title 31, United States Code, with regard to the amounts 

6 received under subsection (b). 

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

8 no surcharge may be included with respect to the issuance 

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

10 of the time of such issuance, the issuance of such coin 

11 would result in the number of commemorative coin pro12 grams issued during such year to exceed the annual 2 

13 commemorative coin program issuance limitation under 

14 section 5112(m)(1) of title 31, United States Code. The 

15 Secretary of the Treasury may issue guidance to carry out 

16 this subsection. 

17 SEC. 8. FINANCIAL ASSURANCES. 

18 The Secretary shall take such actions as may be nec19 essary to ensure that— 

20 (1) minting and issuing coins under this Act 

21 will not result in any net cost to the United States 

22 Government; and 

23 (2) no funds, including applicable surcharges, 

24 shall be disbursed to any recipient designated in sec25 tion 7(b) until the total cost of designing and issuing 


kjohnson on DSK79L0C42PROD with BILLS
8 

•S 2384 IS

1 all of the coins authorized by this Act (including 

2 labor, materials, dies, use of machinery, overhead ex3 penses, marketing, and shipping) is recovered by the 

4 United States Treasury, consistent with sections 

5 5112(m) and 5134(f) of title 31, United States 

6 Code. 

Æ 


kjohnson on DSK79L0C42PROD with BILLS