San Francisco Old Mint Commemorative Coin Act
PL 109-230 (H.R.1953), enacted 06/15/2006

120 STAT. 391
PUBLIC LAW 109–230—JUNE 15, 2006
Public Law 109–230
109th Congress
An Act
To require the Secretary of the Treasury to mint coins in commemoration of the
Old Mint at San Francisco, otherwise known as the ‘‘Granite Lady’’, and for
other purposes.
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘San Francisco Old Mint
Commemorative Coin Act’’.
SEC. 2. FINDINGS.
The Congress hereby finds as follows:
(1) The Granite Lady played an important role in the
history of the Nation.
(2) The San Francisco Mint was established pursuant to
an Act of Congress of July 3, 1852, to convert miners’ gold
from the California gold rush into coins.
(3) The San Francisco Old Mint Building was designed
by architect A.B. Mullett, who also designed the United States
Treasury Building and the Old Executive Office Building.
(4) The solid construction of the Granite Lady enabled
it to survive the 1906 San Francisco earthquake and fire,
making it the only financial institution that was able to operate
immediately after the earthquake as the treasury for disaster
relief funds for the city of San Francisco.
(5) Coins struck at the San Francisco Old Mint are distin-
guished by the ‘‘S’’ mint mark.
(6) The San Francisco Old Mint is famous for having struck
many rare, legendary issues, such as the 1870–S $3 coin, which
is valued today at well over $1,000,000, and the 1894–S dime
which is comparatively rare.
(7) The San Francisco Old Mint Commemorative Coin will
be the first commemorative coin to honor a United States
mint.
SEC. 3. COIN SPECIFICATIONS.
(a) DENOMINATIONS.—Notwithstanding any other provision of
law, and in commemoration of the San Francisco Old Mint, the
Secretary of the Treasury (hereafter in this Act referred to as
the ‘‘Secretary’’) shall mint and issue the following coins:
(1) $5 GOLD COINS.—Not more than 100,000 $5 coins, which
shall—
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
San Francisco
Old Mint
Commemorative
Coin Act.
31 USC 5112
note.
June 15, 2006
[H.R. 1953]
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120 STAT. 392
PUBLIC LAW 109–230—JUNE 15, 2006
(C) contain 90 percent gold and 10 percent alloy.
(2) $1 SILVER COINS.—Not more than 500,000 $1 coins,
which shall—
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 percent 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 sections 5134 and
5136 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 San Francisco Old Mint
Building, its importance to California and the history of the
United States, and its role in rebuilding San Francisco after
the 1906 earthquake and fire.
(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 ‘‘2006’’; and
(C) inscriptions of the words ‘‘Liberty’’, ‘‘In God We
Trust’’, ‘‘United States of America’’, and ‘‘E Pluribus
Unum’’.
(b) SELECTION.—The design for the coins minted under this
Act shall be—
(1) selected by the Secretary, after consultation with the
Commission of Fine Arts, and the Board of the San Francisco
Museum and Historical Society; 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) MINT FACILITY.—The coins authorized under this Act shall
be struck at the San Francisco Mint to the greatest extent possible.
(c) PERIOD
FOR ISSUANCE.—The Secretary may issue coins
minted under this Act only during the 1-year period beginning
on January 1, 2006.
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.—
(1) IN GENERAL.—The Secretary shall accept prepaid orders
for the coins minted under this Act before the issuance of
such coins.
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120 STAT. 393
PUBLIC LAW 109–230—JUNE 15, 2006
LEGISLATIVE HISTORY—H.R. 1953:
CONGRESSIONAL RECORD:
Vol. 151 (2005): Nov. 8, 10, considered and passed House.
Vol. 152 (2006): May 25, considered and passed Senate.
(2) DISCOUNT.—Sale prices with respect to prepaid orders
under paragraph (1) shall be at a reasonable 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 San Francisco Museum and Historical Society
for use for the purposes of rehabilitating the Historic Old Mint
in San Francisco as a city museum and an American Coin and
Gold Rush Museum.
(c) AUDITS.—The San Francisco Museum and Historical Society
shall be subject to the audit requirements of section 5134(f)(2)
of title 31, United States Code, with regard to the amounts received
by the Fund 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 of the time of such issuance,
the issuance of such coin would result in the number of commemora-
tive coin programs issued during such year to exceed the annual
2 commemorative coin program issuance limitation under section
5112(m)(1) of title 31, United States Code (as in effect on the
date of the enactment of this Act). The Secretary of the Treasury
may issue guidance to carry out this subsection.
SEC. 8. TECHNICAL CORRECTION.
Notwithstanding the fifth sentence of section 5112(d)(1) of title
31, United States Code, the Secretary of the Treasury may continue
to issue, after December 31, 2005, numismatic items that contain
5-cent coins minted in the years 2004 and 2005.
Approved June 15, 2006.
31 USC 5112
note.
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