circulating and numismatic coinage designs, 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 ‘‘American Liberty 
Coinage and Deficit Reduction Act of 2013’’. 
SEC. 2. FINDINGS. 
The Congress finds as follows: 
(1) The 50 State Quarters Program showed 
that a circulating commemorative coinage program 
that incorporates recurring design change dramati-
cally increases seigniorage—the profit realized by 
the Mint from the amount that the face value of 
coins produced by the Mint exceeds the costs of pro-
duction and distribution. 
(2) Pursuant to the President’s 1967 Commis-
sion on Budget Concepts, seigniorage proceeds are 
used to reduce the amount the government would 
otherwise borrow from the public to finance the 
budget deficit. Thus, programs that increase sei-
gniorage provide a means to reduce the budget def-
icit without increasing taxes or cutting spending. 
(3) During the 10 years of the 50 State Quar-
ters Program, the cumulative production of quarter 
dollars exceeded 34,000,000,000, representing a 136 
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percent increase in quarter dollar production as 
compared to the cumulative 10-year period imme-
diately preceding the program. This enhanced pro-
duction level of quarter dollars resulted in increased 
seigniorage 
revenues 
of 
approximately 
$3,000,000,000 and, therefore, an equal reduction in 
the budget deficit. 
(4) The Mint has estimated that 147,000,000 
Americans became collectors of 50 State quarters, 
demonstrating that the demand for circulating 
coins—for purposes beyond the needs of com-
merce—increases significantly when frequent and 
systematic design changes are made through a 
multiyear commemorative design series. 
(5) Similar to the collector interest and result-
ing seigniorage generated by the 50 State Quarters 
Program, the Westward Journey Nickel Program, 
which issued a series of 5-cent coins between 2004 
and 2006 bearing new obverse and reverse designs 
commemorating the 200th anniversary of the Lewis 
and Clark Expedition and honoring President Thom-
as Jefferson, saw average annual nickel production 
increase by 593,200,000 units as compared to nickel 
production during the 2 years immediately preceding 
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the program and the 2 years immediately following 
it. 
(6) From the early 1790s through the early to 
mid 20th century, allegorical depictions of ‘‘Liberty’’ 
dominated the designs of circulating United States 
coins. Coinage from this time period served as a con-
stant reminder to Americans and the world of a de-
fining and distinctive value of American life and cul-
ture—Liberty. These coins also provided some of the 
most inspiring, uplifting, and beautiful coin designs 
ever created. In numismatics, ‘‘Liberty’’ themed 
coins are among the most sought after collectibles. 
(7) Given the potential that a new series of 
‘‘Liberty’’ coins would be highly collectible, if pro-
duced, such a program would likely provide the 
means through which to significantly increase sei-
gniorage thereby reducing budget deficits. 
(8) A new ‘‘Liberty’’ themed coinage series 
would allow the Nation to continue to honor the past 
presidents currently depicted on United States coins 
by providing for the continued and concurrent pro-
duction and distribution of such coins annually along 
with the new ‘‘Liberty’’ coins. 
(9) A new ‘‘Liberty’’ themed coinage series 
would revitalize the design of United States coinage 
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and return circulating coinage to its position as not 
only a necessary means of exchange in commerce but 
also as an object of aesthetic beauty and symbol of 
core American values. 
(10) In order to increase the seigniorage pro-
duced by the United States Mint thereby reducing 
deficits to be financed by the United States it is ap-
propriate to introduce a new series of circulating 
commemorative ‘‘Liberty’’ themed coins that would 
alternate annually between the dime and quarter 
dollar as 1-year issues. Additionally, introduction of 
a new ‘‘Liberty’’ themed half dollar produced for 
noncirculating numismatic purposes would further 
enhance seigniorage. 
(11) Beginning in 2015, the Act provides for 
the introduction of a 1-year circulating commemora-
tive ‘‘Liberty’’ themed dime that would be produced 
and distributed concurrently with the existing dime 
depicting the image of President Franklin D. Roo-
sevelt. After 2015, the image of President Roosevelt 
would continue to be utilized on the standard issue 
circulating dime. Subsequently, in 2016, the Act 
provides for the introduction of a 1-year circulating 
commemorative ‘‘Liberty’’ themed quarter dollar 
that would be produced and distributed concurrently 
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with the existing quarter dollar depicting the image 
of President George Washington. The Washington 
design would continue to be used in future years. In 
2017, the process would begin again with the intro-
duction of a new 1-year ‘‘Liberty’’ themed dime, 
bearing a new ‘‘Liberty’’ design that would be co- 
issued alongside the regular issue Roosevelt Dime. 
In 2018, a new 1-year ‘‘Liberty’’ themed quarter 
would be co-issued and the process would continue 
on a perpetual basis into future years. 
(12) Sequencing a new ‘‘Liberty’’ design each 
year is an important aspect of the program designed 
to continually renew collector interest and, therefore, 
promote demand for the coins in a manner to maxi-
mize seigniorage realized by the United States Mint. 
(13) A ‘‘Liberty’’ themed program would also 
include a new ‘‘Liberty’’ half dollar bearing a design 
to be utilized for a 10-year term, to be issued as an 
ongoing annual noncirculating numismatic collector’s 
series. The ‘‘Liberty’’ half dollar would be issued 
along with the noncirculating Kennedy half dollar. 
At the end of each 10-year term, a new ‘‘Liberty’’ 
design would be implemented with designs con-
tinuing thereafter in a recurring 10-year cycle. 
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