IIB 

111TH CONGRESS 

2D SESSION H. R. 6166 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 29, 2010 

Received; read twice and referred to the Committee on Banking, Housing, and 

Urban Affairs 

AN ACT 

To authorize the production of palladium bullion coins to 

provide affordable opportunities for investments in precious metals, 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 ‘‘American Eagle Palla3 dium Bullion Coin Act of 2010’’. 

4 SEC. 2. PALLADIUM COIN. 

5 Section 5112 of title 31, United States Code, is 

6 amended— 

7 (1) in subsection (a), by adding at the end the 

8 following new paragraph; 

9 ‘‘(12) A $25 coin of an appropriate size and 

10 thickness, as determined by the Secretary, that 

11 weighs 1 troy ounce and contains .9995 fine palla12 dium.’’; and 

13 (2) by adding at the end the following new sub14 section: 

15 ‘‘(v) PALLADIUM BULLION INVESTMENT COINS.— 

16 ‘‘(1) IN GENERAL.—Subject to the submission 

17 to the Secretary and the Congress of a marketing 

18 study described in paragraph (8), beginning not 

19 more than 1 year after the submission of the study 

20 to the Secretary and the Congress, the Secretary 

21 shall mint and issue the palladium coins described in 

22 paragraph (12) of subsection (a) in such quantities 

23 as the Secretary may determine to be appropriate to 

24 meet demand. 

25 ‘‘(2) SOURCE OF BULLION.— 


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1 ‘‘(A) IN GENERAL.—The Secretary shall 

2 acquire bullion for the palladium coins issued 

3 under this subsection by purchase of palladium 

4 mined from natural deposits in the United 

5 States, or in a territory or possession of the 

6 United States, within 1 year after the month in 

7 which the ore from which it is derived was 

8 mined. If no such palladium is available or if it 

9 is not economically feasible to obtain such palla10 dium, the Secretary may obtain palladium for 

11 the palladium coins described in paragraph (12) 

12 of subsection (a) from other available sources. 

13 ‘‘(B) PRICE OF BULLION.—The Secretary 

14 shall pay not more than the average world price 

15 for the palladium under subparagraph (A). 

16 ‘‘(3) SALE OF COINS.—Each coin issued under 

17 this subsection shall be sold for an amount the Sec18 retary determines to be appropriate, but not less 

19 than the sum of— 

20 ‘‘(A) the market value of the bullion at the 

21 time of sale; and 

22 ‘‘(B) the cost of designing and issuing the 

23 coins, including labor, materials, dies, use of 

24 machinery, overhead expenses, marketing, dis25 tribution, and shipping. 


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1 ‘‘(4) TREATMENT.—For purposes of section 

2 5134 and 5136, all coins minted under this sub3 section shall be considered to be numismatic items. 

4 ‘‘(5) QUALITY.—The Secretary may issue the 

5 coins described in paragraph (1) in both proof and 

6 uncirculated versions, except that, should the Sec7 retary determine that it is appropriate to issue proof 

8 or uncirculated versions of such coin, the Secretary 

9 shall, to the greatest extent possible, ensure that the 

10 surface treatment of each year’s proof or uncir11 culated version differs in some material way from 

12 that of the preceding year. 

13 ‘‘(6) DESIGN.—Coins minted and issued under 

14 this subsection shall bear designs on the obverse and 

15 reverse that are close likenesses of the work of 

16 famed American coin designer and medallic artist 

17 Adolph Alexander Weinman— 

18 ‘‘(A) the obverse shall bear a high-relief 

19 likeness of the ‘Winged Liberty’ design used on 

20 the obverse of the so-called ‘Mercury dime’; 

21 ‘‘(B) the reverse shall bear a high-relief 

22 version of the reverse design of the 1907 Amer23 ican Institute of Architects medal; and 

24 ‘‘(C) the coin shall bear such other inscrip25 tions, including ‘Liberty’, ‘In God We Trust’, 


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1 ‘United States of America’, the denomination 

2 and weight of the coin and the fineness of the 

3 metal, as the Secretary determines to be appro4 priate and in keeping with the original design. 

5 ‘‘(7) MINT FACILITY.—Any United States mint, 

6 other than the United States Mint at West Point, 

7 New York, may be used to strike coins minted under 

8 this subsection other than any proof version of any 

9 such coin. If the Secretary determines that it is ap10 propriate to issue any proof version of such coin, 

11 coins of such version shall be struck only at the 

12 United States Mint at West Point, New York. 

13 ‘‘(8) MARKETING STUDY DEFINED.—The mar14 ket study described in paragraph (1) means an anal15 ysis of the market for palladium bullion investments 

16 conducted by a reputable, independent third party 

17 that demonstrates that there would be adequate de18 mand for palladium bullion coins produced by the 

19 United States Mint to ensure that such coins could 

20 be minted and issued at no net cost to taxpayers.’’. 

21 SEC. 3. BUDGETARY EFFECT. 

22 The budgetary effects of this Act, for the purpose of 

23 complying with the Statutory Pay-As-You-Go Act of 2010, 

24 shall be determined by reference to the latest statement 

25 titled ‘‘Budgetary Effects of PAYGO Legislation’’ for this 


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1 Act, submitted for printing in the Congressional Record 

2 by the Chairman of the House Budget Committee, pro3 vided that such statement has been submitted prior to the 

4 vote on passage. 

Passed the House of Representatives September 29, 

2010. 

Attest: LORRAINE C. MILLER, 

Clerk. 


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