I 

116TH CONGRESS 

1ST SESSION H. R. 3757 

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

of the centennial of the minting of the Morgan dollar and the Peace dollar. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 15, 2019 

Mr. CLEAVER (for himself and Mr. BARR) 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 centennial of the minting of 

the Morgan dollar and the Peace dollar. 

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 ‘‘1921 Silver Dollar 

5 Commemorative Coin Act’’. 

6 SEC. 2. FINDINGS. 

7 Congress finds the following: 

8 (1) The United States of America entered the 

9 First World War when it declared war against Ger10 many on April 6, 1917. 


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1 (2) The armed hostilities ceased on November 

2 11, 1918, the ‘‘11th hour of the 11th day of the 

3 11th month’’. 

4 (3) The First World War effectively ended on 

5 June 28, 1919, with the Treaty of Versailles, but 

6 the United States Senate failed to ratify that treaty 

7 and later ratified a peace agreement with Germany 

8 on October 21, 1921. 

9 (4) Over 4,700,000 American military per10 sonnel served during the First World War with 

11 116,516 sacrificing their lives for freedom and an12 other 204,002 wounded. 

13 (5) In December 1921, the Peace silver dollar 

14 (in this Act referred to as the ‘‘Peace dollar’’) was 

15 approved by Treasury Secretary Andrew Mellon, re16 placing the Morgan silver dollar (in this Act referred 

17 to as the ‘‘Morgan dollar’’) and commemorating the 

18 declaration of peace between the United States and 

19 the Imperial German government. 

20 (6) The Peace dollar was designed by Anthony 

21 de Francisci with the Goddess of Liberty on the ob22 verse and a bald eagle clutching the olive branch (a 

23 symbol of peace) on the reverse. The Peace dollars 

24 were minted between 1921–1935. 


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1 (7) The Morgan dollar was designed by George 

2 T. Morgan and was minted from 1878 to 1904, and 

3 again in 1921. The obverse depicts a profile portrait 

4 of Lady Liberty and on the reverse, a heraldic eagle. 

5 (8) The conversion from the Morgan dollar to 

6 the Peace dollar design in 1921 reflected a pivotal 

7 moment in American history. The Morgan dollar 

8 represents the country’s westward expansion and in9 dustrial development in the late 19th century. The 

10 Peace dollar symbolizes the country’s coming of age 

11 as an international power while recognizing the sac12 rifices made by her citizens in World War I and cele13 brating the victory and peace that ensued. 

14 (9) These iconic silver dollars with vastly dif15 ferent representations of Lady Liberty and the 

16 American Eagle, reflect a changing of the guard in 

17 1921 in the United States and therefore on the 

18 100th anniversary must be minted again to com19 memorate this significant evolution of American 

20 freedom. 

21 SEC. 3. COIN SPECIFICATIONS. 

22 (a) $1 SILVER COINS.—The Secretary of the Treas23 ury (referred to in this Act as the ‘‘Secretary’’) shall mint 

24 and issue not more than a total of 500,000 $1 coins in 


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1 commemoration of the Morgan dollar and the Peace dol2 lar, each of which shall— 

3 (1) weigh 26.73 grams; 

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

5 (3) contain not less than 90 percent silver. 

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

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

8 title 31, United States Code. 

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

10 5134 and 5136 of title 31, United States Code, all coins 

11 minted under this Act shall be considered to be numis12 matic items. 

13 SEC. 4. DESIGN OF COINS. 

14 (a) DESIGN REQUIREMENTS.— 

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

16 minted under this Act shall be representative of ei17 ther the Morgan dollar or the Peace dollar. 

18 (2) DESIGNATION AND INSCRIPTIONS.—On 

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

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

21 (B) an inscription of the year ‘‘2021’’; and 

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

23 ‘‘In God We Trust’’, ‘‘United States of Amer24 ica’’, and ‘‘E Pluribus Unum’’. 


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

2 under this Act shall be— 

3 (1) selected by the Secretary after consultation 

4 with the Commission of Fine Arts; and 

5 (2) reviewed by the Citizens Coinage Advisory 

6 Committee. 

7 SEC. 5. ISSUANCE OF COINS. 

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

9 Act shall be issued in uncirculated and proof qualities. 

10 (b) MINT FACILITY.—Notwithstanding section 5131 

11 of title 31, United States Code, it is the sense of Congress 

12 that if the Secretary determines it to be feasible and cost 

13 effective, the Secretary may mint some of the coins minted 

14 under this Act at the Nevada State Museum (formerly a 

15 United States Mint facility) located in Carson City, Ne16 vada. 

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

18 issue coins under this Act only during the 1-year period 

19 beginning on January 1, 2021. 

20 SEC. 6. SALE OF COINS. 

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

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

23 of— 

24 (1) the face value of the coins; 


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1 (2) the surcharge described in section 7 with re2 spect to the coins; and 

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

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

5 overhead expenses, marketing, and shipping). 

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

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

8 discount. 

9 (c) PREPAID ORDERS.— 

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

11 prepaid orders for the coins minted under this Act 

12 before the date on which the coins are issued. 

13 (2) DISCOUNT.—Sale prices with respect to pre14 paid orders under paragraph (1) shall be at a rea15 sonable discount. 

16 SEC. 7. SURCHARGES. 

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

18 Act shall include a surcharge of $10 per coin. 

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 promptly paid by the Secretary as follows: 

23 (1) Forty percent of all surcharges shall be paid 

24 to the American Numismatic Association for the 

25 purpose of numismatic educational activities. 


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1 (2) Forty percent of all surcharges shall be paid 

2 to the National World War I Museum and Memorial 

3 in Kansas City, Missouri, for the purposes of edu4 cation and commemoration activities relating to 

5 World War I and its enduring impact. 

6 (3) Twenty percent of all surcharges shall be 

7 paid to the Nevada State Museum (formerly a 

8 United States Mint facility) located in Carson City, 

9 Nevada, for the purposes of— 

10 (A) supporting the preservation of the his11 toric features of the museum relating to the 

12 United States Mint; 

13 (B) designing interpretive programs that 

14 connect visitors to the significance of minting in 

15 the United States, the Comstock Lode, and the 

16 American West; and 

17 (C) to support the activities of the Nevada 

18 Division of Museums and History. 

19 (c) AUDITS.—The entities described under subsection 

20 (b) shall be subject to the audit requirements under sec21 tion 5134(f)(2) of title 31, United States Code, with re22 spect to the amounts received under such subsection. 

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

24 no surcharge may be included with respect to the issuance 

25 of any coin under this Act during a calendar year if, on 


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1 the date of the issuance, the issuance of the coin would 

2 result in the number of commemorative coin programs 

3 issued during that year to exceed the limitation under sec4 tion 5112(m)(1) of title 31, United States Code. 

5 SEC. 8. FINANCIAL ASSURANCES. 

6 Except with respect to extraordinary costs associated 

7 with compliance with section 5(b), the Secretary shall take 

8 such actions as may be necessary to ensure that— 

9 (1) minting and issuing coins under this Act 

10 shall result in no net cost to the Federal Govern11 ment; and 

12 (2) no funds, including applicable surcharges, 

13 may be disbursed to any recipient designated in sec14 tion 7 until the total cost of designing and issuing 

15 all of the coins authorized by this Act (including 

16 labor, materials, dies, use of machinery, overhead ex17 penses, marketing, and shipping) is recovered by the 

18 United States Treasury, consistent with sections 

19 5112(m) and 5134(f) of title 31, United States 

20 Code. 

Æ 


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