I
103D CONGRESS
1ST SESSION
H. R. 789
To require the Secretary of the Treasury to mint coins in commemoration
of the 250th anniversary of the birth of Thomas Jefferson.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 3, 1993
Mr. PAYNE of Virginia (for himself, Mr. BLILEY, Mr. BATEMAN, Mr. BOU-
CHER, Mrs. BYRNE, Mr. GOODLATTE, Mr. MORAN, Mr. PICKETT, Mr.
SCOTT, Mr. SISISKY, and Mr. WOLF) introduced the following bill; which
was referred to the Committee on Banking, Finance and Urban Affairs
A BILL
To require the Secretary of the Treasury to mint coins
in commemoration of the 250th anniversary of the birth
of Thomas Jefferson.
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 ‘‘Jefferson Commemora-
tive Coin Act of 1993’’.
SEC. 2. COIN SPECIFICATIONS.
(a) ONE-DOLLAR SILVER COINS.—
(1) ISSUANCE.—The Secretary of the Treasury
(hereafter in this Act referred to as the ‘‘Secretary’’)
shall issue not more than 600,000 one-dollar coins,
which shall weigh 26.73 grams, have a diameter of
1.500 inches, and contain 90 percent silver and 10
percent copper.
(2) DESIGN.—The design of the coins issued
under this Act shall be emblematic of a Jefferson
profile and frontal view of his home Monticello. On
each coin there shall be a designation of the value
of the coin, an inscription of the year ‘‘1993’’, and
inscriptions of the words ‘‘Liberty’’, ‘‘In God We
Trust’’, ‘‘United States of America’’, and ‘‘E
Pluribus Unum’’.
(b) LEGAL TENDER.—The coins issued under this
Act shall be legal tender, as provided in section 5103 of
title 31, United States Code.
SEC. 3. SOURCES OF BULLION.
The Secretary shall obtain silver for the coins minted
under this Act only from stockpiles established under the
Strategic and Critical Minerals Stock Piling Act (50
U.S.C. 98 et seq.).
SEC. 4. SELECTION OF DESIGN.
Subject to section 2(a)(2), the design for the coins
authorized by this Act shall be selected by the Secretary
after consultation with the Executive Director of the
Thomas Jefferson Memorial Foundation and the Commis-
sion of Fine Arts. As required by section 5135 of title 31,
United States Code, the design shall also be reviewed by
the Citizens Commemorative Advisory Committee.
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 quality
of the coins minted under this Act.
(c) PERIOD
FOR ISSUANCE.—The Secretary may
issue coins minted under this Act during the period begin-
ning on July 4, 1993, and ending on July 4, 1994.
SEC. 6. SALE OF COINS.
(a) SALE PRICE.—The coins authorized under this
Act shall be sold by the Secretary at a price equal to the
sum of the face value of the coins, the surcharge provided
in subsection (c) with respect to such coins, and the cost
of designing and issuing the coins (including labor, mate-
rials, dies, use of machinery, overhead expenses, market-
ing, and shipping).
(b) PREPAID ORDERS.—The Secretary shall accept
prepaid orders for the coins authorized under this Act
prior to the issuance of such coins. Sale prices with respect
to such prepaid orders shall be at a reasonable discount.
(c) SURCHARGES.—All sales shall include a surcharge
of $10 per coin.
SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA-
TIONS.
No provision of law governing procurement or public
contracts shall be applicable to the procurement of goods
or services necessary for carrying out the provisions of this
Act. Nothing in this section shall relieve any person enter-
ing into a contract under the authority of this Act from
complying with any law relating to equal employment op-
portunity.
SEC. 8. DISTRIBUTION OF SURCHARGES.
All surcharges received by the Secretary from the sale
of coins issued under this Act shall be promptly paid by
the Secretary—
(1) in the case of surcharges received in connec-
tion with the sale of the first 500,000 coins issued,
to the Jefferson Endowment Fund, to be used—
(A) to establish and maintain an endow-
ment to be a permanent source of support for
Monticello and its historic furnishings; and
(B) for the Jefferson Endowment Fund’s
educational programs, including the Inter-
national Center for Jefferson Studies; and