I 

108TH CONGRESS 

2D SESSION H. R. 4669

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 

JUNE 23, 2004

Mr. HEFLEY 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 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: 
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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 The Secretary shall obtain platinum and gold for 

23 minting coins under this Act from available sources. 

24 SEC. 4. 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) be emblematic of the presidency and 

4 life of former President Ronald Wilson Reagan; 

5 (B) bear the likeness of former President 

6 Ronald Reagan on the obverse side; and 

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

8 is similar to the depiction of an American eagle 

9 carrying an olive branch, flying above a nest 

10 containing another eagle and hatchlings, as de11 picted on the 2001 American Eagle Gold Proof 

12 coins. 

13 (2) DESIGNATION AND INSCRIPTIONS.—On 

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

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

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

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

18 ‘‘In God We Trust’’, ‘‘United States of Amer19 ica’’, and ‘‘E Pluribus Unum’’. 

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

21 minted under this Act shall be—

22 (1) selected by the Secretary, after consultation 

23 with the Commission of Fine Arts; and 

24 (2) reviewed by the Citizens Commemorative 

25 Coin Advisory Committee. 
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1 SEC. 5. ISSUANCE OF COINS. 

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

3 Act shall be issued in uncirculated and proof qualities. 

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

5 States Mint may be used to strike any particular combina6 tion of denomination and quality of the coins minted under 

7 this Act. 

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

9 issue coins minted under this Act only during the period 

10 beginning on January 1, 2005 and ending on December 

11 31, 2005. 

12 SEC. 6. SALE OF COINS. 

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

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

15 of—

16 (1) the face value of the coins; 

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

18 with respect to such coins; and 

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

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

21 overhead expenses, marketing, and shipping). 

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

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

24 discount. 

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

8 this Act shall include a surcharge established by the Sec9 retary, in an amount equal to not more than—

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

11 coin for the $5 coin; and 

12 (2) $10 per coin for the $1 coin. 

13 SEC. 7. DISTRIBUTION OF SURCHARGES. 

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

15 31, United States Code, the proceeds from the surcharges 

16 received by the Secretary from the sale of coins issued 

17 under this Act shall be paid promptly by the Secretary 

18 to the Department of Health and Human Services to be 

19 used by the Secretary of Health and Human Services for 

20 the purposes of—

21 (1) providing grants to charitable organizations 

22 that assist families in their efforts to provide care at 

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

24 and 
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1 (2) increasing awareness and educational out2 reach regarding Alzheimer’s disease. 

3 (b) AUDITS.—Any organization or entity that re4 ceives funds from the Secretary of Health and Human 

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

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

7 States Code, with regard to such funds. 

8 SEC. 8. FINANCIAL ASSURANCES. 

9 (a) NO NET COST TO THE GOVERNMENT.—The Sec10 retary shall take such actions as may be necessary to en11 sure that minting and issuing coins under this Act will 

12 not result in any net cost to the United States Govern13 ment. 

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

15 under this Act unless the Secretary has received—

16 (1) full payment for the coin; 

17 (2) security satisfactory to the Secretary to in18 demnify the United States for full payment; or 

19 (3) a guarantee of full payment satisfactory to 

20 the Secretary from a depository institution, the de21 posits of which are insured by the Federal Deposit 

22 Insurance Corporation or the National Credit Union 

23 Administration Board.

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