IIB 
111TH CONGRESS 
2D SESSION 
H. R. 6166 
IN THE SENATE OF THE UNITED STATES 
SEPTEMBER 29, 2010 
Received; read twice and referred to the Committee on Banking, Housing, and 
Urban Affairs 
AN ACT 
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, 
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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; 
‘‘(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 1 year after the submission of the study 
to the Secretary and the Congress, the Secretary 
shall mint and issue the palladium coins described in 
paragraph (12) of subsection (a) in such quantities 
as the Secretary may determine to be appropriate to 
meet demand. 
‘‘(2) SOURCE OF BULLION.— 
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‘‘(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 
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. 
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‘‘(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 
shall, to the greatest extent possible, ensure that the 
surface treatment of each year’s proof or uncir-
culated version differs in some material way from 
that of the preceding year. 
‘‘(6) DESIGN.—Coins minted and issued under 
this subsection shall bear designs on the obverse and 
reverse that are close likenesses of the work of 
famed American coin designer and medallic artist 
Adolph Alexander Weinman— 
‘‘(A) the obverse shall bear a high-relief 
likeness of the ‘Winged Liberty’ design used on 
the obverse of the so-called ‘Mercury dime’; 
‘‘(B) the reverse shall bear a high-relief 
version of the reverse design of the 1907 Amer-
ican Institute of Architects medal; and 
‘‘(C) the coin shall bear such other inscrip-
tions, including ‘Liberty’, ‘In God We Trust’, 
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