SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘American Eagle Palla-
dium Bullion Coin Act of 2010’’. 
SEC. 2. PALLADIUM COIN. 
Section 5112 of title 31, United States Code, is 
amended— 
(1) in subsection (a), by adding at the end the 
following new paragraph; 
‘‘(12) A $25 coin of an appropriate size and 
thickness, as determined by the Secretary, that 
weighs 1 troy ounce and contains .9995 fine palla-
dium.’’; and 
(2) by adding at the end the following new sub-
section: 
‘‘(v) PALLADIUM BULLION INVESTMENT COINS.— 
‘‘(1) IN GENERAL.—Subject to the submission 
to the Secretary and the Congress of a marketing 
study described in paragraph (8), beginning not 
more than 1 year after the submission of the study 
to the Secretary and the Congress, the Secretary 
shall mint and issue the palladium coins described in 
paragraph (12) of subsection (a) in such quantities 
as the Secretary may determine to be appropriate to 
meet demand. 
‘‘(2) SOURCE OF BULLION.—
‘‘(A) IN
GENERAL.—The Secretary shall 
acquire bullion for the palladium coins issued 
under this subsection by purchase of palladium 
mined from natural deposits in the United 
States, or in a territory or possession of the 
United States, within 1 year after the month in 
which the ore from which it is derived was 
mined. If no such palladium is available or if it 
is not economically feasible to obtain such palla-
dium, the Secretary may obtain palladium for 
the palladium coins described in paragraph (12) 
of subsection (a) from other available sources. 
‘‘(B) PRICE OF BULLION.—The Secretary 
shall pay not more than the average world price 
for the palladium under subparagraph (A). 
‘‘(3) SALE OF COINS.—Each coin issued under 
this subsection shall be sold for an amount the Sec-
retary determines to be appropriate, but not less 
than the sum of— 
‘‘(A) the market value of the bullion at the 
time of sale; and 
‘‘(B) the cost of designing and issuing the 
coins, including labor, materials, dies, use of 
machinery, overhead expenses, marketing, dis-
tribution, and shipping.
‘‘(4) TREATMENT.—For purposes of section 
5134 and 5136, all coins minted under this sub-
section shall be considered to be numismatic items. 
‘‘(5) QUALITY.—The Secretary may issue the 
coins described in paragraph (1) in both proof and 
uncirculated versions, except that, should the Sec-
retary determine that it is appropriate to issue proof 
or uncirculated versions of such coin, the Secretary 
shall, to the greatest extent possible, ensure that the 
surface treatment of each year’s proof or uncir-
culated version differs in some material way from 
that of the preceding year. 
‘‘(6) DESIGN.—Coins minted and issued under 
this subsection shall bear designs on the obverse and 
reverse that are close likenesses of the work of 
famed American coin designer and medallic artist 
Adolph Alexander Weinman— 
‘‘(A) the obverse shall bear a high-relief 
likeness of the ‘Winged Liberty’ design used on 
the obverse of the so-called ‘Mercury dime’; 
‘‘(B) the reverse shall bear a high-relief 
version of the reverse design of the 1907 Amer-
ican Institute of Architects medal; and 
‘‘(C) the coin shall bear such other inscrip-
tions, including ‘Liberty’, ‘In God We Trust’,
‘United States of America’, the denomination 
and weight of the coin and the fineness of the 
metal, as the Secretary determines to be appro-
priate and in keeping with the original design. 
‘‘(7) MINT FACILITY.—Any United States mint, 
other than the United States Mint at West Point, 
New York, may be used to strike coins minted under 
this subsection other than any proof version of any 
such coin. If the Secretary determines that it is ap-
propriate to issue any proof version of such coin, 
coins of such version shall be struck only at the 
United States Mint at West Point, New York. 
‘‘(8) MARKETING STUDY DEFINED.—The mar-
ket study described in paragraph (1) means an anal-
ysis of the market for palladium bullion investments 
conducted by a reputable, independent third party 
that demonstrates that there would be adequate de-
mand for palladium bullion coins produced by the 
United States Mint to ensure that such coins could 
be minted and issued at no net cost to taxpayers.’’. 
SEC. 3. BUDGETARY EFFECT. 
The budgetary effects of this Act, for the purpose of 
complying with the Statutory Pay-As-You-Go Act of 2010, 
shall be determined by reference to the latest statement 
titled ‘‘Budgetary Effects of PAYGO Legislation’’ for this
Act, submitted for printing in the Congressional Record 
by the Chairman of the House Budget Committee, pro-
vided that such statement has been submitted prior to the 
vote on passage. 
Passed the House of Representatives September 29, 
2010. 
Attest: 
Clerk.
111TH CONGRESS 
2D SESSION 
H. R. 6166 
AN ACT 
To authorize the production of palladium bullion 
coins to provide affordable opportunities for in-
vestments in precious metals, and for other pur-
poses.