I 
111TH CONGRESS 
1ST SESSION H. R. 3405 
To authorize the production of Saint-Gaudens Double Eagle ultra-high relief 
bullion coins in palladium to provide affordable opportunities for invest-
ments in precious metals, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 30, 2009 
Mr. REHBERG (for himself and Mr. CASTLE) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
To authorize the production of Saint-Gaudens Double Eagle 
ultra-high relief bullion coins in palladium to provide 
affordable opportunities for investments in precious met-
als, 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 ‘‘Original Saint- 
Gaudens Double Eagle Ultra-High Relief Bullion Coin Act 
of 2009’’. 
VerDate Nov 24 2008 
04:58 Aug 01, 2009
Jkt 079200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H3405.IH
H3405
tjames on DSKG8SOYB1PROD with BILLS
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 $20 coin that— 
‘‘(A) is 27 millimeters in diameter; 
‘‘(B) weighs 1 ounce; 
‘‘(C) is of an appropriate thickness, as de-
termined by the Secretary; and 
‘‘(D) bears, on the obverse and reverse, the 
designs of the famous 27-millimeter version of 
the 1907 Augustus Saint-Gaudens Double 
Eagle gold piece, as described in subsection 
(u).’’; and 
(2) by adding at the end, the following new sub-
section: 
‘‘(u) ORIGINAL SAINT-GAUDENS DOUBLE EAGLE 
ULTRA-HIGH RELIEF NUMISMATIC COINS AND BULLION 
INVESTMENT COINS.— 
‘‘(1) IN
GENERAL.—Beginning in 2009, the 
Secretary shall commence minting and issuing for 
sale— 
‘‘(A) such number of $20 bullion invest-
ment coins as the Secretary may determine to 
VerDate Nov 24 2008 
04:58 Aug 01, 2009
Jkt 079200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H3405.IH
H3405
tjames on DSKG8SOYB1PROD with BILLS
be appropriate, that bear the design described 
in paragraph (2); and 
‘‘(B) not more than 15,000 of the numis-
matic $20 coins that bear the design and meet 
the requirements of paragraph (3). 
‘‘(2) DESIGN
AND
REQUIREMENTS
FOR
BUL-
LION INVESTMENT COINS.— 
‘‘(A) IN
GENERAL.—Except as provided 
under subparagraph (B), the obverse and re-
verse of the coins minted and issued pursuant 
to paragraph (1)(A) shall bear a likeness of the 
original obverse and reverse designs by Augus-
tus Saint-Gaudens which appear on the famous 
27-millimeter version of the 1907 Double Eagle 
ultra-high relief gold piece. 
‘‘(B) VARIATIONS.—The coins referred to 
in subparagraph (A) shall— 
‘‘(i) have inscriptions of the weight of 
the coin and the purity of the alloy in the 
coin raised on the edge of the coin; 
‘‘(ii) bear the nominal denomination 
of the coin; 
‘‘(iii) bear the date of issue of the coin 
on the obverse, expressed as a Roman nu-
meral as in the original design; and 
VerDate Nov 24 2008 
04:58 Aug 01, 2009
Jkt 079200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H3405.IH
H3405
tjames on DSKG8SOYB1PROD with BILLS
‘‘(iv) bear such other inscriptions, in-
cluding ‘In God We Trust’, as the Sec-
retary determines to be appropriate and in 
keeping with the original design. 
‘‘(C) MINT FACILITY.—Any facility of the 
United States Mint may be used to strike coins 
minted pursuant to paragraph (1)(A) other 
than the United States mint at West Point, 
New York. 
‘‘(3) DESIGN AND REQUIREMENTS FOR ULTRA- 
HIGH RELIEF NUMISMATIC COINS.— 
‘‘(A) IN
GENERAL.—Subject to subpara-
graph (B), the obverse and reverse of the coins 
minted and issued pursuant to paragraph 
(1)(B) shall bear exact replicas of the original 
obverse and reverse designs by Augustus Saint- 
Gaudens which appear on the famous 27-milli-
meter version of the 1907 Double Eagle ultra- 
high relief gold piece and the edge of the coin 
shall have all appropriate raised lettering in the 
same manner as the original coin. 
‘‘(B) VARIATIONS.—The coins referred to 
in subparagraph (A) shall— 
‘‘(i) bear a single finish that most 
closely approximates the finish of the origi-
VerDate Nov 24 2008 
23:12 Aug 01, 2009
Jkt 079200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H3405.IH
H3405
tjames on DSKG8SOYB1PROD with BILLS
nal gold 1907 ultra-high relief gold piece 
as is practicable; 
‘‘(ii) bear the nominal denomination 
of the coin; 
‘‘(iii) bear the date of issue of the coin 
on the obverse, expressed as a Roman nu-
meral as in the original design; and 
‘‘(iv) bear such other inscriptions, in-
cluding ‘In God We Trust’, as the Sec-
retary determines to be appropriate and in 
keeping with the original design. 
‘‘(C) MINT FACILITY.—Coins minted pur-
suant to paragraph (1)(B) may only be struck 
at the United States mint at West Point, New 
York. 
‘‘(D) FRACTIONAL
COINS
PROHIBITED.— 
No coins issued under this subsection shall be 
made available as so-called ‘fractional’ coins. 
‘‘(4) DISTRIBUTION IN SETS AND OTHER CO-
ORDINATION
REQUIREMENTS.—If 
the 
Secretary 
chooses, in accordance with subsection (i), to mint 
and issue a gold bullion coin that bears the same de-
sign as the ultra-high relief numismatic coins de-
scribed in paragraph (1)(B)— 
VerDate Nov 24 2008 
04:58 Aug 01, 2009
Jkt 079200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H3405.IH
H3405
tjames on DSKG8SOYB1PROD with BILLS
‘‘(A) each palladium coin issued under 
paragraph (1)(B) may only be issued in a set 
containing 1 of each such coins; 
‘‘(B) each set of coins described in sub-
paragraph (A) shall be provided in a presen-
tation case of appropriate design; 
‘‘(C) the set described in subparagraph (A) 
may only be issued and sold in 2009; 
‘‘(D) gold coins issued in any set described 
in subparagraph (A) may only be struck at the 
United States mint at West Point, New York 
and no other gold coin issued by the Secretary 
that bears the same design as the ultra-high re-
lief numismatic coins described in paragraph 
(1)(B) may be struck at such mint at West 
Point; and 
‘‘(E) no gold coin that bears the same de-
sign as the ultra-high relief numismatic coins 
described in paragraph (1)(B) shall be made 
available as so-called ‘fractional’ coins. 
‘‘(5) COMPOSITION.— 
‘‘(A) IN
GENERAL.—The coins minted 
under this subsection shall contain .995 pure 
palladium. 
‘‘(B) SOURCE OF BULLION.— 
VerDate Nov 24 2008 
04:58 Aug 01, 2009
Jkt 079200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H3405.IH
H3405
tjames on DSKG8SOYB1PROD with BILLS
‘‘(i) IN
GENERAL.—The Secretary 
shall acquire bullion for the palladium 
coins issued under this subsection by pur-
chase of palladium mined from natural de-
posits in the United States, or in a terri-
tory or possession of the United States, 
within the 1-year period before the coins 
are minted. 
‘‘(ii) PRICE OF BULLION.—The Sec-
retary shall pay not more than the average 
world price for the palladium under sub-
paragraph (A). 
‘‘(6) 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 nominal denomination of the coin; 
‘‘(B) the market value of the bullion at the 
time of sale; and 
‘‘(C) the cost of designing and issuing the 
coins, including labor, materials, dies, use of 
machinery, overhead expenses, marketing, dis-
tribution, and shipping. 
VerDate Nov 24 2008 
04:58 Aug 01, 2009
Jkt 079200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H3405.IH
H3405
tjames on DSKG8SOYB1PROD with BILLS
‘‘(7) LEGAL TENDER.—The coins minted under 
this subsection shall be legal tender, as provided in 
section 5103. 
‘‘(8) TREATMENT AS NUMISMATIC ITEMS.—For 
purposes of section 5134 and 5136, all coins minted 
under this subsection shall be considered to be nu-
mismatic items. 
‘‘(9) QUALITY.—The Secretary may issue the 
coins described in paragraph (1)(A) in both proof 
and uncirculated versions. 
‘‘(10) PROTECTIVE AND ANTI-COUNTERFEITING 
COVER.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
give strong consideration to making the coins 
described in this subsection available only in 
protective covers that preserve the coins in the 
condition in which they are issued, allow clear 
and easy viewing of the obverse, reverse, and 
sides of the coin and protect it from movement 
within the holder, and also protect against 
counterfeiting of such coins or of the container. 
‘‘(B) ACQUISITION.—The Secretary may 
elect to comply with subparagraph (A) by pro-
ducing and assembling such protective covers 
VerDate Nov 24 2008 
04:58 Aug 01, 2009
Jkt 079200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6201
E:\BILLS\H3405.IH
H3405
tjames on DSKG8SOYB1PROD with BILLS
within the United States Mint or by contracting 
for the installation of such covers. 
‘‘(11) FURTHER ANTI-COUNTERFEITING MEAS-
URES.— 
‘‘(A) REPORT REQUIRED.—In an attempt 
to forestall the counterfeiting or marketing of 
the coins described in this section, including 
this subsection, and of collectible, numismatic 
and rare coins in general, the Comptroller Gen-
eral shall, after consulting with the Director of 
the United States Secret Service and the Fed-
eral Trade Commission, and in consultation 
with hobbyists, numismatists, law enforcement 
agencies, and the Citizens Coinage Advisory 
Committee, shall submit to the Committee on 
Financial Services of the House of Representa-
tives and the Committee on Banking, Housing, 
and Urban Affairs of the Senate, before the end 
of the 9-month period beginning on the date of 
the enactment of the Original Saint-Gaudens 
Double Eagle Ultra-High Relief Bullion Coin 
Act, a report detailing the extent of counter-
feiting of rare, collectible or numismatic coins 
made available for sale in the United States, re-
gardless of the country where the original of 
VerDate Nov 24 2008 
04:58 Aug 01, 2009
Jkt 079200
PO 00000
Frm 00009
Fmt 6652
Sfmt 6201
E:\BILLS\H3405.IH
H3405
tjames on DSKG8SOYB1PROD with BILLS
might imply that the counterfeit inside had 
been examined and authenticated by a rep-
utable coin-grading firm; and 
‘‘(vi) such recommendations for legis-
lative or administrative action as the 
Comptroller General may determine to be 
appropriate to curtail or forestall any such 
counterfeiting.’’. 
Æ 
VerDate Nov 24 2008 
04:58 Aug 01, 2009
Jkt 079200
PO 00000
Frm 00011
Fmt 6652
Sfmt 6301
E:\BILLS\H3405.IH
H3405
tjames on DSKG8SOYB1PROD with BILLS