I
104TH CONGRESS
1ST SESSION
H. R. 2018
To amend section 5112 of title 31, United States Code, to authorize the
Secretary of the Treasury to mint and issue platinum bullion coins
and to mint and issue more than 1 version of gold bullion coins at
the same time.
IN THE HOUSE OF REPRESENTATIVES
JULY 12, 1995
Mr. OLVER (for himself, Mr. DAVIS, Mr. GILMAN, Mr. PETE GEREN of Texas,
Mr. PAYNE of Virginia, Mr. MORAN, Mrs. KELLY, and Mr. SHAYS) intro-
duced the following bill; which was referred to the Committee on Banking
and Financial Services
A BILL
To amend section 5112 of title 31, United States Code,
to authorize the Secretary of the Treasury to mint and
issue platinum bullion coins and to mint and issue more
than 1 version of gold bullion coins at the same time.
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 ‘‘United States Plati-
num and Gold Bullion Coin Act of 1995’’.
SEC. 2. PLATINUM COINS.
(a) IN GENERAL.—Section 5112 of title 31, United
States Code, is amended by adding at the end the follow-
ing new subsection:
‘‘(k) PLATINUM COINS.—
‘‘(1) IN GENERAL.—Notwithstanding any other
provision of law, the Secretary of the Treasury may
mint and issue platinum coins in such quantity and
of such variety as the Secretary determines to be ap-
propriate.
‘‘(2) SPECIFICATIONS.—Platinum coins minted
under this subsection shall meet such specifications
with respect to diameter, weight, design, and
fineness as the Secretary, in the Secretary’s discre-
tion, may prescribe from time to time.
‘‘(3) LEGAL TENDER.—The coins minted under
this subsection shall be legal tender, as provided in
section 5103 of title 31, United States Code.
‘‘(4) NUMISMATIC ITEMS.—For purposes of sec-
tion 5134 of title 31, United States Code, all coins
minted under this subsection shall be considered to
be numismatic items.
‘‘(5) DESIGNATIONS
AND
INSCRIPTIONS.—On
each coin minted under this subsection, there shall
be—
‘‘(A) a designation of the value of the coin
and the weight of the platinum content of the
coin;
‘‘(B) an inscription of the year in which
the coin is minted or issued; and
‘‘(C) inscriptions of the words ‘Liberty’,
‘In God We Trust’, ‘United States of America’,
and ‘E Pluribus Unum’.
‘‘(6) SALE PRICE.—
‘‘(A) BULLION.—The bullion versions of
the coins issued under this Act shall be sold by
the Secretary at a price equal to the sum of—
‘‘(i) the market value of the coins at
the time of the sale; and
‘‘(ii) the cost of minting, marketing,
and distributing the coins (including labor,
materials, dies, use of machinery, and pro-
motional and overhead expenses).
‘‘(B) PROOF VERSIONS.—Proof versions of
the coins issued under this Act shall be sold by
the Secretary at a price equal to the sum of—
‘‘(i) the cost of designing and issuing
the coins (including labor, materials, dies,
use of machinery, overhead expenses, mar-
keting, and shipping); and
‘‘(ii) a reasonable profit.
‘‘(7) BULK SALES.—The Secretary may make
bulk sales of the coins issued under this subsection
at a reasonable discount.’’.
(b) TECHNICAL AND CONFORMING AMENDMENT.—
Section 5112(j)(1) of title 31, United States Code, is
amended by inserting ‘‘or (k)’’ after ‘‘subsection (e)’’.
SEC. 3. AMERICAN EAGLE GOLD COINS AUTHORIZED TO
BE PRODUCED IN 2 OR MORE DESIGNS,
WEIGHTS, 
DIAMETERS, 
OR 
FINENESSES
SIMULTANEOUSLY.
Section 5112(i)(4) of title 31, United States Code,
is amended by adding at the end the following new sub-
paragraph:
‘‘(C) CONTINUED MINTING TO STATUTORY
SPECIFICATIONS
AFTER
DETERMINATION
TO
MINT COINS TO CHANGED SPECIFICATIONS.—
Notwithstanding any other provision of this sec-
tion, the Secretary may continue to mint and
issue coins in accordance with the specifications
contained in paragraphs (7), (8), (9), and (10)
of subsection (a) and paragraph (1)(A) of this
subsection at the same time the Secretary is
minting and issuing other coins under this sub-
section in accordance with specifications adopt-
ed by the Secretary pursuant to this para-
graph.’’.
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