I 
112TH CONGRESS 
2D SESSION 
H. R. 6571 
To require the Secretary of the Treasury to mint coins in commemoration 
of the 100th anniversary of the beginning of Korean immigration into 
the United States. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 12, 2012 
Mr. ANDREWS introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To require the Secretary of the Treasury to mint coins 
in commemoration of the 100th anniversary of the begin-
ning of Korean immigration into the United States. 
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 ‘‘Korean Immigration 
Commemorative Coin Act’’. 
SEC. 2. FINDINGS. 
The Congress finds as follows: 
VerDate Mar 15 2010 
00:02 Oct 13, 2012
Jkt 029200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H6571.IH
H6571
jbell on DSK7SPTVN1PROD with
(1) January 13, 2003, marked the 100th anni-
versary of the first wave of Korean immigration to 
the United States. 
(2) At the time of that anniversary, more than 
100 Korean American communities throughout this 
Nation will commemorate this important event. 
(3) According to immigration records, in De-
cember 1902, 56 men, 21 women, and 25 children 
left Korea and sailed across the Pacific Ocean 
aboard the S.S. Gaelic, landing in Honolulu, Hawaii, 
on January 13, 1903. 
(4) These early Korean immigrants worked at 
sugar cane and pineapple fields in Hawaii. 
(5) Since that 1st voyage, approximately 
1,000,000 Koreans have immigrated to the United 
States. 
(6) Korean Americans have served with distinc-
tion in the U.S. Armed Forces during every war and 
conflict in which the United States is or was in-
volved from World War I through the war in the 
Persian Gulf and beyond. 
(7) Korean Americans have taken root and 
thrived in the United States through strong family 
ties, robust community support, and countless hours 
of hard work. 
VerDate Mar 15 2010 
00:02 Oct 13, 2012
Jkt 029200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H6571.IH
H6571
jbell on DSK7SPTVN1PROD with
(8) Korean immigrants have invigorated busi-
ness, church, and academic communities throughout 
the United States and Korean Americans have also 
established themselves as important members in the 
medical, legal, financial, and governmental profes-
sions. 
(9) The strategic partnership between the 
United States and Korea has helped undergird peace 
and stability in the Asian Pacific region and has 
provided economic benefits to not only the peoples of 
the United States and Korea, but to the entire 
world. 
SEC. 3. 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 20,000 $5 
coins, which shall— 
(A) weigh 8.359 grams; 
(B) have diameter of 0.850 inches; and 
(C) contain 90 percent gold and 10 percent 
alloy. 
(2) $1 SILVER COINS.—Not more than 10,000 
$1 coins, which shall— 
(A) weigh 26.73 grams; 
VerDate Mar 15 2010 
00:02 Oct 13, 2012
Jkt 029200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H6571.IH
H6571
jbell on DSK7SPTVN1PROD with
(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 section 
5134 of title 31, United States Code, all coins minted 
under this Act shall be considered to be numismatic items. 
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 im-
migration of Koreans into the United States and the 
significant contributions of Korean Americans to 
this Nation. 
(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 ‘‘2018’’; 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— 
VerDate Mar 15 2010 
00:02 Oct 13, 2012
Jkt 029200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H6571.IH
H6571
jbell on DSK7SPTVN1PROD with
(1) selected by the Secretary after consultation 
with the Commission of Fine Arts; and 
(2) reviewed by the Citizens Coinage 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) PERIOD OF ISSUANCE.—The Secretary may issue 
coins minted under this Act only during the 1-year period 
beginning on January 1, 2018. 
SEC. 6. SALE OF COINS. 
(a) SALE PRICE.—The coins issued under this Act 
shall be sold by the Secretary at a price equal to the sum 
of— 
(1) the face value of the coins; 
(2) the surcharge provided in section 7(a) with 
respect to such coins; and 
(3) the cost of designing and issuing the coins 
(including labor, materials, dies, use of machinery, 
overhead expenses, marketing, and shipping). 
(b) BULK SALES.—The Secretary shall make bulk 
sales of the coins issued under this Act at a reasonable 
discount. 
(c) PREPAID ORDERS.— 
VerDate Mar 15 2010 
00:02 Oct 13, 2012
Jkt 029200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H6571.IH
H6571
jbell on DSK7SPTVN1PROD with
(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) IN GENERAL.—All sales of coins minted under 
this Act shall include a surcharge as follows: 
(1) A surcharge of $35 per coin for the $5 coin. 
(2) A surcharge of $10 per coin for the $1 coin. 
(b) DISTRIBUTION.—Subject to section 5134(f) of 
title 31, United States Code, all surcharges received by 
the Secretary from the sale of coins issued under this Act 
shall be promptly paid by the Secretary to the Council on 
100th Year Korean Immigration Commemorative Coin 
Act to provide academic scholarships. 
(c) AUDITS.—The Council on 100th Year Korean Im-
migration Commemorative Coin Act shall be subject to the 
audit requirements of section 5134(f)(2) of title 31, 
United States Code, with regard to the amounts received 
under subsection (b). 
(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 
VerDate Mar 15 2010 
00:02 Oct 13, 2012
Jkt 029200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H6571.IH
H6571
jbell on DSK7SPTVN1PROD with
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 com-
memorative coin program issuance limitation under sec-
tion 5112(m)(1) of title 31, United States Code. The Sec-
retary of the Treasury may issue guidance to carry out 
this subsection. 
SEC. 8. FINANCIAL ASSURANCES. 
The Secretary shall take such actions as may be nec-
essary to ensure that— 
(1) minting and issuing coins under this Act 
will not result in any net cost to the United States 
Government; and 
(2) no funds, including applicable surcharges, 
are disbursed to any recipient designated in section 
7 until the total cost of designing and issuing all of 
the coins authorized by this Act (including labor, 
materials, dies, use of machinery, winning design 
compensation, overhead expenses, marketing, and 
shipping) is recovered by the United States Treas-
ury, consistent with sections 5112(m) and 5134(f) of 
title 31, United States Code. 
Æ 
VerDate Mar 15 2010 
00:02 Oct 13, 2012
Jkt 029200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6301
E:\BILLS\H6571.IH
H6571
jbell on DSK7SPTVN1PROD with