I
107TH CONGRESS
2D SESSION
H. R. 5573
To require the Secretary of the Treasury to mint coins in commemoration
of the centenary of the bestowal of the Nobel Peace Prize on President
Theodore Roosevelt, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
OCTOBER 8, 2002
Mr. KING (for himself, Mrs. MALONEY of New York, Mr. BAKER, Mr. BACH-
US, Mrs. KELLY, Mr. MASCARA, Mr. SHAYS, Mr. GRUCCI, Mr. ROGERS
of Michigan, Mr. ISRAEL, Mrs. MCCARTHY of New York, Mr. WAMP, Mr.
HANSEN, Mr. FOSSELLA, Mr. WALSH, Mr. BLUNT, Mr. BOEHLERT, Mr.
WOLF, Mr. FROST, Mr. MCHUGH, Mr. QUINN, Mr. CLYBURN, Mr.
MCINNIS, Mr. MCNULTY, Mr. NEAL of Massachusetts, Mr. PETERSON of
Pennsylvania, Mr. BORSKI, Mr. TANCREDO, Mr. POMEROY, Mr. SAXTON,
Mr. FOLEY, Mr. HINCHEY, Mr. KENNEDY of Minnesota, Mr. SOUDER,
and Mr. SERRANO) 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 centenary of the bestowal of
the Nobel Peace Prize on President Theodore Roosevelt,
and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Theodore Roosevelt
Commemorative Coin Act’’.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) Theodore Roosevelt, one of America’s great-
est presidents, was born on October 27, 1858, in
New York City, New York.
(2) At the young age of 23, Theodore Roosevelt
was elected to the first of 3 terms as a representa-
tive in the New York State Assembly (1882–1884).
(3) From 1895–1897, Theodore Roosevelt
served as Commissioner of the New York City Police
Department.
(4) While serving as Assistant Secretary of the
Navy under President William McKinley (1897–
1898), Theodore Roosevelt organized the First
United States Volunteer Cavalry Regiment, popu-
larly known as the ‘‘Rough Riders’’, and then served
as Colonel of this regiment during the Spanish-
American War.
(5) From 1898–1900, Theodore Roosevelt
served as Governor of New York.
(6) In 1900, with the election of President
McKinley, Theodore Roosevelt was elected as the
25th Vice-President of the United States.
(7) Becoming the 26th President of the United
States the following year, Theodore Roosevelt took a
very active role in foreign affairs, establishing the
United States as a new world power, and instituted
broad reforms, at home, particularly with respect to
labor, monopolies, and conservation, until the end of
his presidency in 1909.
(8) On January 16, 2001, Theodore Roosevelt
was posthumously awarded the Congressional Medal
of Honor for leading a charge up the San Juan
Heights in Cuba during the Spanish-American War,
shortly before the war ended, thereby becoming the
first President of the United States to be awarded
the Congressional Medal of Honor.
(9) 2006 will mark the 100th anniversary of
Theodore Roosevelt receiving the Nobel Peace Prize,
the first citizen of the United States to receive such
prize, for drawing up the 1905 peace treaty ending
the Russo-Japanese War.
SEC. 3. COIN SPECIFICATIONS.
(a) DENOMINATIONS.—The Secretary of the Treas-
ury (hereinafter in this Act referred to as the ‘‘Secretary’’)
shall mint and issue the following coins:
(1) $5 GOLD COINS.—Not more than 50,000 $5
coins, which shall—
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
(C) contain 90 percent gold and 10 percent
alloy.
(2) $1 SILVER COINS.—Not more than 500,000
$1 coins, each of which shall—
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 per-
cent copper.
(b) LEGAL TENDER.—The coins minted under this
Act shall be legal tender, as provided in section 5103 of
title 31, United States Code.
(c) NUMISMATIC ITEMS.—For purposes of section
5136 of title 31, United States Code, all coins minted
under this Act shall be considered to be numismatic items.
(d) USE OF THE UNITED STATES MINT AT WEST
POINT, NEW YORK.—It is the sense of the Congress that
the coins minted under this Act should be struck at the
United States Mint at West Point, New York, to the
greatest extent possible.
SEC. 4. DESIGN OF COINS.
(a) DESIGN REQUIREMENTS.—
(1) IN
GENERAL.—The design of the coins
minted under this Act shall—
(A) be emblematic of the life and legacy of
President Theodore Roosevelt; and
(B) use the designs of James Earle Fraser
or Augustus Saint-Gaudens, 2 sculptors most
closely associated with the revitalization of the
United States coinage, commonly referred to as
the ‘‘Golden Age of American Coin Design’’,
that was initiated by President Theodore Roo-
sevelt.
(2) OBVERSE.—The obverse of the coins minted
under this Act shall bear the image of Theodore
Roosevelt as a Rough Rider that was used on the
James Earle Fraser medal of 1920.
(3) REVERSE.—The reverse of the coins minted
under this Act shall bear the eagle design, with
motto, from the $20 gold ‘‘double eagle’’ coin pro-
duced between 1907 and 1933 and designed by Au-
gustus Saint-Gaudens.
(4) DESIGNATION
AND
INSCRIPTIONS.—On
each coin minted under this Act there shall be—
(A) a designation of the value of the coin;
(B) an inscription of the year ‘‘2006’’; and
(C) inscriptions of the words ‘‘Liberty’’,
‘‘In God We Trust’’, ‘‘United States of Amer-
ica’’, and ‘‘E Pluribus Unum’’.
(b) SELECTION.—The design for the coins minted
under this Act shall be selected by the Secretary after con-
sultation with the Commission of Fine Arts.
SEC. 5. ISSUANCE OF COINS.
(a) QUALITY OF COINS.—Coins minted under this
Act shall be issued in uncirculated and proof qualities.
(b) COMMENCEMENT OF ISSUANCE.—The Secretary
may issue coins minted under this Act beginning January
1, 2006, except that the Secretary may initiate sales of
such coins, without issuance, before such date.
(c) TERMINATION
OF MINTING AUTHORITY.—No
coins shall be minted under this Act after December 31,
2006.
SEC. 6. SALE OF COINS.
(a) SALE PRICE.—Notwithstanding any other provi-
sion of law, the coins issued under this Act shall be sold
by the Secretary at a price equal to the face value, plus
the cost of designing and issuing such coins (including
labor, materials, dies, use of machinery, overhead ex-
penses, and marketing).
(b) BULK SALES.—The Secretary shall make bulk
sales of the coins issued under this Act at a reasonable
discount.
(c) PREPAID ORDERS AT A DISCOUNT.—
(1) IN GENERAL.—The Secretary shall accept
prepaid orders for the coins minted under this Act
before the issuance of such coins.
(2) DISCOUNT.—Sale prices with respect to pre-
paid orders under paragraph (1) shall be at a rea-
sonable discount.
SEC. 7. SURCHARGES.
(a) SURCHARGE REQUIRED.—All sales shall include
a surcharge of $35 per coin for the $5 coins and $10 per
coin for the $1 coins.
(b) DISTRIBUTION.—Subject to section 5134(f) of
title 31, United States Code, all surcharges which are re-
ceived by the Secretary from the sale of coins issued under
this Act shall be promptly paid by the Secretary to the
Theodore Roosevelt Association to be used exclusively for
educational programs at Sagamore Hill National Historic
Site, operated by the National Park Service, including for
the construction and maintenance of a visitor’s center.
(c) AUDITS.—The Theodore Roosevelt Association
shall be subject to the audit requirements of section
5134(f)(2) of title 31, United States Code.
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