108TH CONGRESS
2D SESSION
H. R. 1914
AN ACT
To provide for the issuance of a coin to commemo-
rate the 400th anniversary of the Jamestown set-
tlement.
108TH CONGRESS
2D SESSION
H. R. 1914
AN ACT
To provide for the issuance of a coin to commemorate the
400th anniversary of the Jamestown settlement.
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 ‘‘Jamestown 400th An-
niversary Commemorative Coin Act of 2004’’.
SEC. 2. FINDINGS.
The Congress makes the following findings:
(1) The founding of the colony at Jamestown,
Virginia, in 1607, the first permanent English col-
ony in America, and the capital of Virginia for 92
years, has major significance in the history of the
United States.
(2) The Jamestown Settlement brought people
from throughout the Atlantic Basin together to form
a society that drew upon the strengths and charac-
teristics of English, European, African, and Native
American cultures.
(3) The economic, political, religious, and social
institutions that developed during the first 9 decades
of the existence of Jamestown continue to have pro-
found effects on the United States, particularly in
English common law and language, cross cultural re-
lationships, manufacturing, and economic structure
and status.
(4) The National Park Service, the Association
for the Preservation of Virginia Antiquities, and the
Jamestown-Yorktown Foundation of the Common-
wealth of Virginia collectively own and operate sig-
nificant resources related to the early history of
Jamestown.
(5) In 2000, Congress established the James-
town 400th Commemoration Commission to ensure
a suitable national observance of the Jamestown
2007 anniversary and to support and facilitate mar-
keting efforts for a commemorative coin, stamp, and
related activities for the Jamestown 2007 observ-
ances.
(6) A commemorative coin will bring national
and international attention to the lasting legacy of
Jamestown, Virginia.
(7) The proceeds from a surcharge on the sale
of such commemorative coin will assist the financing
of a suitable national observance in 2007 of the
400th anniversary of the founding of Jamestown,
Virginia.
SEC. 2. COIN SPECIFICATIONS.
(a) DENOMINATIONS.—The Secretary of the Treas-
ury (hereafter in this Act referred to as the ‘‘Secretary)
shall mint and issue the following coins:
(1) $5 GOLD COINS.—Not more than 100,000 5
dollar 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 dollar coins, 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 sections
5134 and 5136 of title 31, United States Code, all coins
minted under this Act shall be considered to be numis-
matic items.
SEC. 3. SOURCES OF BULLION.
The Secretary shall obtain gold and silver for minting
coins under this Act pursuant to the authority of the Sec-
retary under other provisions of law.
SEC. 4. DESIGN OF COINS.
(a) DESIGN REQUIREMENTS.—
(1) IN
GENERAL.—The design of the coins
minted under this Act shall be emblematic of the
settlement of Jamestown, Virginia, the first perma-
nent English settlement in America.
(2) 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 ‘‘2007’’; 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—
(1) selected by the Secretary after consultation
with—
(A) the Jamestown 2007 Steering Com-
mittee, created by the Jamestown-Yorktown
Foundation of the Commonwealth of Virginia;
(B) the National Park Service; and
(C) the Commission of Fine Arts; and
(2) reviewed by the citizens advisory committee
established under section 5135 of title 31, United
States Code.
SEC. 5. ISSUANCE OF COINS.
(a) QUALITY OF COINS.—Coins minted under this
Act shall be issued in uncirculated and proof qualities.
(b) MINT FACILITY.—Only 1 facility of the United
States Mint may be used to strike any particular combina-
tion of denomination and quality of the coins minted under
this Act.
(c) PERIOD
FOR ISSUANCE.—The Secretary may
issue coins minted under this Act only during the period
beginning on January 1, 2007, and ending on December
31, 2007.
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.—
(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 as follows:
(1) PROGRAMS TO PROMOTE UNDERSTANDING
OF THE LEGACIES OF JAMESTOWN.—1⁄2 of the sur-
charges shall be used to support programs to pro-
mote the understanding of the legacies of James-
town and for such purpose shall be paid to the
Jamestown-Yorktown Foundation of the Common-
wealth of Virginia.
(2) OTHER PURPOSES FOR SURCHARGES.—
(A) IN GENERAL.—1⁄2 of the surcharges
shall be used for the following purposes:
(i) To sustain the ongoing mission of
preserving Jamestown.
(ii) To enhance national and inter-
national educational programs relating to
Jamestown, Virginia.
(iii) To improve infrastructure and ar-
chaeological research activities relating to
Jamestown, Virginia.
(iv) To conduct other programs to
support the commemoration of the 400th
anniversary of the settlement of James-
town, Virginia.
(B) RECIPIENTS
OF
SURCHARGES
FOR
SUCH OTHER PURPOSES.—The surcharges re-
ferred to in subparagraph (A) shall be distrib-
uted by the Secretary in equal shares to the fol-
lowing organizations for the purposes described
in such subparagraph:
(i) The Secretary of the Interior.
(ii) The Association for the Preserva-
tion of Virginia Antiquities.
(iii) The Jamestown-Yorktown Foun-
dation of the Commonwealth of Virginia.
(c) AUDITS.—The Jamestown-Yorktown Foundation
of the Commonwealth of Virginia, the Secretary of the In-
terior, and the Association for the Preservation of Virginia
Antiquities shall each be subject to the audit requirements
of section 5134(f)(2) of title 31, United States Code.
(d) LIMITATION.—Notwithstanding subsection (a),
no surcharge may be included with respect to the issuance
under this Act of any coin during a calendar year if, as
of the time of such issuance, the issuance of such coin
would result in the number of commemorative coin pro-
grams issued during such year to exceed the annual 2
commemorative coin program issuance limitation under
section 5112(m)(1) of title 31, United States Code (as in
effect on the date of the enactment of this Act). The Sec-
retary of the Treasury may issue guidance to carry out
this subsection.
Passed the House of Representatives July 14, 2004.
Attest:
Clerk.