I 
111TH CONGRESS 
2D SESSION 
H. R. 6166 
To authorize the production of palladium bullion coins to provide affordable 
opportunities for investments in precious metals, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 22, 2010 
Mr. REHBERG introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To authorize the production of palladium bullion coins to 
provide affordable opportunities for investments in pre-
cious metals, 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 Eagle Palla-
dium Bullion Coin Act of 2010’’. 
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; 
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‘‘(12) A $25 coin of an appropriate size and 
thickness, as determined by the Secretary, that 
weighs 1 troy ounce and contains .9995 fine palla-
dium.’’; and 
(2) by adding at the end the following new sub-
section: 
‘‘(v) PALLADIUM BULLION INVESTMENT COINS.— 
‘‘(1) IN GENERAL.—Subject to the submission 
to the Secretary and the Congress of a marketing 
study described in paragraph (8), beginning not 
more than 6 months after the submission of the 
study to the Secretary and the Congress, the Sec-
retary shall mint and issue the palladium coins de-
scribed in paragraph (12) of subsection (a) in such 
quantities as the Secretary may determine to be ap-
propriate to meet demand. 
‘‘(2) SOURCE OF BULLION.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
acquire bullion for the palladium coins issued 
under this subsection by purchase of palladium 
mined from natural deposits in the United 
States, or in a territory or possession of the 
United States, within 1 year after the month in 
which the ore from which it is derived was 
mined. If no such palladium is available or if it 
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is not economically feasible to obtain such palla-
dium, the Secretary may obtain palladium for 
the palladium coins described in paragraph (12) 
of subsection (a) from other available sources. 
‘‘(B) PRICE OF BULLION.—The Secretary 
shall pay not more than the average world price 
for the palladium under subparagraph (A). 
‘‘(3) 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 market value of the bullion at the 
time of sale; and 
‘‘(B) the cost of designing and issuing the 
coins, including labor, materials, dies, use of 
machinery, overhead expenses, marketing, dis-
tribution, and shipping. 
‘‘(4) TREATMENT.—For purposes of section 
5134 and 5136, all coins minted under this sub-
section shall be considered to be numismatic items. 
‘‘(5) QUALITY.—The Secretary may issue the 
coins described in paragraph (1) in both proof and 
uncirculated versions, except that, should the Sec-
retary determine that it is appropriate to issue proof 
or uncirculated versions of such coin, the Secretary 
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such coin. If the Secretary determines that it is ap-
propriate to issue any proof version of such coin, 
coins of such version shall be struck only at the 
United States Mint at West Point, New York. 
‘‘(8) MARKETING STUDY DEFINED.—The mar-
ket study described in paragraph (1) means an anal-
ysis of the market for palladium bullion investments 
conducted by a reputable, independent third party 
that demonstrates that there would be adequate de-
mand for palladium bullion coins produced by the 
United States Mint to ensure that such coins could 
be minted and issued at no net cost to taxpayers.’’. 
Æ 
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