IB 
Union Calendar No. 20
109TH CONGRESS 
1ST SESSION 
H. R. 902
[Report No. 109–39] 
To improve circulation of the $1 coin, create a new bullion coin, and for 
other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 17, 2005
Mr. CASTLE (for himself and Mrs. MALONEY) introduced the following bill; 
which was referred to the Committee on Financial Services 
APRIL 13, 2005
Reported with amendments, committed to the Committee of the Whole House 
on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on February 17, 2005] 
A BILL 
To improve circulation of the $1 coin, create a new bullion 
coin, 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 ‘‘Presidential $1 Coin 
Act of 2005’’.
TITLE I—PRESIDENTIAL $1 
COINS 
SEC. 101. FINDINGS. 
The Congress finds as follows: 
(1) There are sectors of the United States econ-
omy, including public transportation, parking meters, 
vending machines and low-dollar value transactions, 
in which the use of a $1 coin is both useful and desir-
able for keeping costs and prices down. 
(2) For a variety of reasons, the new $1 coin in-
troduced in 2000 has not been widely sought-after by 
the public, leading to higher costs for merchants and 
thus higher prices for consumers. 
(3) The success of the 50 States Commemorative 
Coin Program for circulating quarter dollars shows 
that a design on a United States circulating coin that 
is regularly changed in a manner similar to the sys-
tematic change in designs in such Program radically 
increases demand for the coin, rapidly pulling it 
through the economy. 
(4) The 50 States Commemorative Coin Program 
also has been an educational tool, teaching both 
Americans and visitors something about each State 
for which a quarter has been issued.
(5) A national survey and study by the Govern-
ment Accountability Office has indicated that many 
Americans who do not seek, or who reject, the new $1 
coin for use in commerce would actively seek the coin 
if an attractive, educational rotating design were to 
be struck on the coin. 
(6) The President is the leader of our tripartite 
government and the President’s spouse has often set 
the social tone for the White House while spear-
heading and highlighting important issues for the 
country. 
(7) Sacagawea, as currently represented on the 
new $1 coin, is an important symbol of American 
history. 
(8) Many people cannot name all of the Presi-
dents, and fewer can name the spouses, nor can many 
people accurately place each President in the proper 
time period of American history. 
(9) First Spouses have not generally been recog-
nized on American coinage. 
(10) In order to revitalize the design of United 
States coinage 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 
in its own right, it is appropriate to move many of
the mottos and emblems, the inscription of the year, 
and the so-called ‘‘mint marks’’ that currently appear 
on the 2 faces of each circulating coin to the edge of 
the coin, which would allow larger and more dra-
matic artwork on the coins reminiscent of the so-
called ‘‘Golden Age of Coinage’’ in the United States, 
at the beginning of the Twentieth Century, initiated 
by President Theodore Roosevelt, with the assistance 
of noted sculptors and medallic artists James Earle 
Fraser and Augustus Saint-Gaudens. 
(11) Placing inscriptions on the edge of coins, 
known as edge-incusing, is a hallmark of modern 
coinage and is common in large-volume production of 
coinage elsewhere in the world, such as the 
2,700,000,000 2-Euro coins in circulation, but it has 
not been done on a large scale in United States coin-
age in recent years. 
(12) Although the Congress has authorized the 
Secretary of the Treasury to issue gold coins with a 
purity of 99.99 percent, the Secretary has not done so. 
(13) Bullion coins are a valuable tool for the in-
vestor and, in some cases, an important aspect of coin 
collecting.
SEC. 102. PRESIDENTIAL $1 COIN PROGRAM. 
Section 5112 of title 31, United States Code, is amend-
ed by inserting after subsection (m) the following new sub-
section: 
‘‘(n) REDESIGN AND ISSUANCE OF CIRCULATING $1 
COINS HONORING EACH OF THE PRESIDENTS OF THE 
UNITED STATES.—
‘‘(1) REDESIGN BEGINNING IN 2007.—
‘‘(A) IN
GENERAL.—Notwithstanding sub-
section (d) and in accordance with the provisions 
of this subsection, $1 coins issued during the pe-
riod beginning January 1, 2007, and ending 
upon the termination of the program under 
paragraph (6) shall have designs on the obverse 
selected in accordance with paragraph (2)(B) 
which are emblematic of the Presidents of the 
United States and a design on the reverse se-
lected in accordance with paragraph (2)(A). 
‘‘(B) 
CONTINUITY
PROVISION.—Notwith-
standing subparagraph (A), the Secretary shall 
continue to mint and issue $1 coins which bear 
the design on $1 coins being minted and issued 
before the issuance of coins as required under 
this subsection.
‘‘(2) DESIGN
REQUIREMENTS.—The $1 coins 
issued in accordance with paragraph (1)(A) shall 
meet the following design requirements: 
‘‘(A) COIN REVERSE.—The design on the re-
verse shall bear—
‘‘(i) a likeness of the Statue of Liberty 
extending to the rim of the coin and large 
enough to provide a dramatic representa-
tion of Liberty while not being large enough 
to create the impression of a ‘2-headed’ coin; 
‘‘(ii) the inscription ‘$1’ ; and 
‘‘(iii) the inscription ‘United States of 
America’. 
‘‘(B) COIN OBVERSE.—The design on the ob-
verse shall contain the name and likeness of a 
President of the United States and basic infor-
mation about the President, including the dates 
or years of the term of office of such President 
and a number indicating the order of the period 
of service in which the President served. 
‘‘(C) EDGE-INCUSED INSCRIPTIONS.—
‘‘(i) IN GENERAL.—The inscription of 
the year of minting or issuance of the coin 
and the inscriptions ‘E Pluribus Unum’