(14) Providing collectors with a new ‘‘Liberty’’ 
half dollar series will provide an increase in the 
Mint’s numismatic profits and bolster the objectives 
of the program to annually reduce budget deficits. 
(15) A series of circulating commemorative 
‘‘Liberty’’ themed coins will provide a new platform 
for the advancement of American medallic art 
through a medium where Americans commonly en-
counter public art—the Nation’s pocket change. 
SEC. 3. AMERICAN LIBERTY COIN PROGRAM. 
(a) PROGRAM CONTINGENT
ON DEFICIT REDUC-
TION.— 
(1) DETERMINATION.—The Secretary of the 
Treasury shall carry out a study on the estimated 
effect of the amendment made by subsection (b) on 
the Federal budget deficit over the 10-year period 
beginning on January 1, 2015. 
(2) REPORT.—Not later than the end of the 90- 
day period beginning on the date of the enactment 
of this Act, the Secretary shall issue a report to the 
Congress containing the estimate determined under 
paragraph (1) and an explanation of how such esti-
mate was calculated. 
(3) EFFECTIVE DATE.—The amendment made 
by subsection (b) shall take effect on the earlier of— 
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(A) the date that the report is issued 
under paragraph (2), if the Secretary deter-
mines in such report that the effect on the Fed-
eral budget deficit over the 10-year period be-
ginning on January 1, 2015, will lead to a re-
duction in the deficit over such period of 
$100,000,000 or more; and 
(B) the end of the 91-day period beginning 
on the date of the enactment of this Act, if the 
Secretary fails to make the report under para-
graph (2) within the required 90-day period. 
(b) PROGRAM.—Section 5112 of title 31, United 
States Code, is amended by adding at the end the fol-
lowing: 
‘‘(w) ISSUANCE OF CIRCULATING DIME AND QUAR-
TER DOLLAR COINS AND NUMISMATIC HALF DOLLAR 
COINS COMMEMORATING AND CELEBRATING AMERICAN 
LIBERTY, ‘THE UNION’, AND THE AMERICAN VALUES 
AND ATTRIBUTES OF FREEDOM, INDEPENDENCE, CIVIL 
GOVERNANCE, ENLIGHTENMENT, PEACE, STRENGTH, 
EQUALITY, DEMOCRACY, AND JUSTICE.— 
‘‘(1) DIME COINS.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
mint and issue dime coins in calendar year 
2015, and every second year thereafter, that— 
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‘‘(i) have obverse designs that are em-
blematic and allegoric of the concept of 
‘American Liberty’; and 
‘‘(ii) have reverse designs that— 
‘‘(I) depict an American bald 
eagle; 
‘‘(II) depict a fasces emblematic 
of civil governance; 
‘‘(III) depict the torch of knowl-
edge; 
‘‘(IV) 
are 
emblematic 
and 
allegoric of ‘The Union’; or 
‘‘(V) depict one or more of the 
American values and attributes of 
freedom, 
independence, 
peace, 
strength, equality, democracy, and 
justice. 
‘‘(B) QUANTITY OF ISSUANCE.—With re-
spect to a calendar year in which dime coins are 
issued pursuant to subparagraph (A), the Sec-
retary shall ensure that, of the total number of 
dime coins issued in such calendar year, not 
less than 40 percent and not more than 50 per-
cent of such coins are made up of dime coins 
issued pursuant to subparagraph (A). 
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‘‘(2) QUARTER DOLLAR COINS.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
mint and issue quarter dollar coins in calendar 
year 2016, and every second year thereafter, 
that— 
‘‘(i) have obverse designs that are em-
blematic and allegoric of the concept of 
‘American Liberty’; and 
‘‘(ii) have reverse designs that— 
‘‘(I) depict an American bald 
eagle; 
‘‘(II) depict a fasces emblematic 
of civil governance; 
‘‘(III) depict the torch of knowl-
edge; 
‘‘(IV) 
are 
emblematic 
and 
allegoric of ‘The Union’; or 
‘‘(V) depict one or more of the 
American values and attributes of 
freedom, 
independence, 
peace, 
strength, equality, democracy, and 
justice. 
‘‘(B) QUANTITY OF ISSUANCE.—With re-
spect to a calendar year in which quarter dollar 
coins are issued pursuant to subparagraph (A), 
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the Secretary shall ensure that, of the total 
number of quarter dollar coins issued in such 
calendar year, not less than 40 percent and not 
more than 50 percent of such coins are made 
up of quarter dollar coins issued pursuant to 
subparagraph (A). 
‘‘(3) HALF DOLLAR COINS.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
mint and issue half dollar coins in calendar 
year 2015, and every year thereafter, with de-
signs that shall be changed every 10 years, 
that— 
‘‘(i) have obverse designs that are em-
blematic and allegoric of the concept of 
‘American Liberty’; and 
‘‘(ii) have reverse designs that— 
‘‘(I) depict an American bald 
eagle; 
‘‘(II) depict a fasces emblematic 
of civil governance; 
‘‘(III) depict the torch of knowl-
edge; 
‘‘(IV) 
are 
emblematic 
and 
allegoric of ‘The Union’; or 
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‘‘(V) depict one or more of the 
American values and attributes of 
freedom, 
independence, 
peace, 
strength, equality, democracy, and 
justice. 
‘‘(B) CONSIDERATION
OF
LIBERTY
MINI 
DOLLAR.—The 1977 Liberty mini dollar design 
prepared by former United States Chief Sculp-
tor and Engraver Frank Gasparro shall be con-
sidered along with other potential designs for 
half dollar coins issued under this paragraph. 
‘‘(C) QUANTITY OF ISSUANCE.—With re-
spect to a calendar year, the Secretary shall en-
sure that, of the total number of half dollar 
coins issued in such calendar year, not less than 
40 percent and not more than 50 percent of 
such coins are made up of half dollar coins 
issued pursuant to subparagraph (A). 
‘‘(4) 
DESIGN
REQUIREMENTS.—The 
coins 
issued in accordance with paragraphs (1), (2), and 
(3) shall meet the following design requirements: 
‘‘(A) COIN OBVERSE.—The design on the 
obverse shall— 
‘‘(i) be chosen by the Secretary, after 
consultation with the Commission of Fine 
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‘‘(D) PARTICIPATION.—The Secretary may 
include participation by artists from the States 
and engravers of the United States Mint. 
‘‘(5) ISSUANCE
OF
NUMISMATIC
COINS.—The 
Secretary may mint and issue such number of coins 
of each design selected under this subsection in un-
circulated and proof qualities as the Secretary deter-
mines to be appropriate. To assure availability of 
dimes and quarter dollars minted and issued under 
this subsection in uncirculated qualities for numis-
matic purposes, a portion of any such coins shall be 
offered in rolls and bags at face value plus issuance 
costs. 
‘‘(6) SILVER COINS.— 
‘‘(A) IN GENERAL.—Notwithstanding sub-
section (b), the Secretary may mint and issue 
such number of dimes, quarter dollar coins, and 
half dollar coins of each design selected under 
this subsection as the Secretary determines to 
be appropriate, with a content of .999 fine sil-
ver. 
‘‘(B) SOURCES
OF
BULLION.—The Sec-
retary shall obtain silver for minting coins 
under this paragraph from available resources, 
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including stockpiles established under the Stra-
tegic and Critical Materials Stock Piling Act.’’. 
Æ 
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