II 

108TH CONGRESS 

2D SESSION S. 2517 

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 SENATE OF THE UNITED STATES 

JUNE 14, 2004 

Mr. CAMPBELL 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 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 2004’’. 

6 SEC. 2. COIN SPECIFICATIONS. 

7 (a) DENOMINATIONS.—The Secretary of the Treas8 ury (hereafter in this Act referred to as the ‘‘Secretary’’) 

9 shall mint and issue the following coins: 
2 

•S 2517 IS 

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

2 $5 coins, which shall— 

3 (A) weigh 8.359 grams; 

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

5 (C) contain 90 percent gold and 10 percent 

6 alloy. 

7 (2) $1 SILVER COINS.—Not more than 500,000 

8 $1 coins, which shall— 

9 (A) weigh 26.73 grams; 

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

11 (C) contain 90 percent silver and 10 per12 cent copper. 

13 (b) BIMETALLIC COINS.—The Secretary may mint 

14 and issue not more than 200,000 $10 bimetallic coins of 

15 gold and platinum instead of the gold coins required under 

16 subsection (a)(1), in accordance with such specifications 

17 as the Secretary determines to be appropriate. 

18 (c) LEGAL TENDER.—The coins minted under this 

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

20 title 31, United States Code. 

21 SEC. 3. SOURCES OF BULLION. 

22 (a) PLATINUM AND GOLD.—The Secretary shall ob23 tain platinum and gold for minting coins under this Act 

24 from available sources. 
3 

•S 2517 IS 

1 (b) SILVER.—The Secretary may obtain silver for 

2 minting coins under this Act from stockpiles established 

3 under the Strategic and Critical Materials Stock Piling 

4 Act and from other available sources. 

5 SEC. 4. DESIGN OF COINS. 

6 (a) DESIGN REQUIREMENTS.— 

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

8 minted under this Act shall— 

9 (A) be emblematic of the presidency and 

10 life of former President Ronald Wilson Reagan; 

11 (B) bear the likeness of former President 

12 Ronald Reagan on the obverse side; and 

13 (C) bear a design on the reverse side that 

14 is similar to the depiction of an American eagle 

15 carrying an olive branch, flying above a nest 

16 containing another eagle and hatchlings, as de17 picted on the 2001 American Eagle Gold Proof 

18 coins. 

19 (2) DESIGNATION AND INSCRIPTIONS.—On 

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

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

22 (B) an inscription of the year ‘‘2005’’; and 

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

24 ‘‘In God We Trust’’, ‘‘United States of Amer25 ica’’, and ‘‘E Pluribus Unum’’. 
4 

•S 2517 IS 

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

2 minted 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 Commemorative 

6 Coin Advisory 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.—Only one facility of the United 

11 States Mint may be used to strike any particular combina12 tion of denomination and quality of the coins minted under 

13 this Act. 

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

15 issue coins minted under this Act only during the period 

16 beginning on January 1, 2005 and ending on December 

17 31, 2005. 

18 SEC. 6. SALE OF COINS. 

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

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

21 of— 

22 (1) the face value of the coins; 

23 (2) the surcharge provided in subsection (d) 

24 with respect to such coins; and 
5 

•S 2517 IS 

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

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

3 overhead expenses, marketing, and shipping). 

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

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

6 discount. 

7 (c) PREPAID ORDERS.— 

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

9 prepaid orders for the coins minted under this Act 

10 before the issuance of such coins. 

11 (2) DISCOUNT.—Sale prices with respect to pre12 paid orders under paragraph (1) shall be at a rea13 sonable discount. 

14 (d) SURCHARGES.—All sales of coins issued under 

15 this Act shall include a surcharge established by the Sec16 retary, in an amount equal to not more than— 

17 (1) $50 per coin for the $10 coin or $35 per 

18 coin for the $5 coin; and 

19 (2) $10 per coin for the $1 coin. 

20 SEC. 7. DISTRIBUTION OF SURCHARGES. 

21 (a) IN GENERAL.—Subject to section 5134(f) of title 

22 31, United States Code, the proceeds from the surcharges 

23 received by the Secretary from the sale of coins issued 

24 under this Act shall be paid promptly by the Secretary 

25 to the Department of Health and Human Services to be 
6 

•S 2517 IS 

1 used by the Secretary of Health and Human Services for 

2 the purposes of— 

3 (1) providing grants to charitable organizations 

4 that assist families in their efforts to provide care at 

5 home to a family member with Alzheimer’s disease; 

6 and 

7 (2) increasing awareness and educational out8 reach regarding Alzheimer’s disease. 

9 (b) AUDITS.—Any organization or entity that re10 ceives funds from the Secretary of Health and Human 

11 Services under subsection (a) shall be subject to the audit 

12 requirements of section 5134(f)(2) of title 31, United 

13 States Code, with regard to such funds. 

14 SEC. 8. FINANCIAL ASSURANCES. 

15 (a) NO NET COST TO THE GOVERNMENT.—The Sec16 retary shall take such actions as may be necessary to en17 sure that minting and issuing coins under this Act will 

18 not result in any net cost to the United States Govern19 ment. 

20 (b) PAYMENT FOR COINS.—A coin shall not be issued 

21 under this Act unless the Secretary has received— 

22 (1) full payment for the coin; 

23 (2) security satisfactory to the Secretary to in24 demnify the United States for full payment; or 
7 

•S 2517 IS 

1 (3) a guarantee of full payment satisfactory to 

2 the Secretary from a depository institution, the de3 posits of which are insured by the Federal Deposit 

4 Insurance Corporation or the National Credit Union 

5 Administration Board. 

Æ