II Calendar No. 500 109th CONGRESS 2d Session S. 811 IN THE SENATE OF THE UNITED STATES April 15, 2005 Mr. Durbin (for himself, Mr. Obama, Mr. Bayh, Mr. Lugar, Mr. Bunning, Mr. Johnson, Mr. Lautenberg, Mr. Isakson, Mr. McConnell, Mr. Conrad, Mr. Reed, Mr. Dorgan, Mr. Feingold, Mr. Chafee, Mr. DeWine, Mr. Akaka, Mr. Baucus, Mrs. Boxer, Mr. Carper, Mrs. Clinton, Mr. Dayton, Mr. Dodd, Mrs. Feinstein, Mr. Harkin, Mr. Inouye, Mr. Kennedy, Mr. Kerry, Mr. Kohl, Ms. Landrieu, Mr. Leahy, Mr. Levin, Mr. Lieberman, Mrs. Lincoln, Mr. Menendez, Mrs. Murray, Mr. Nelson of Florida, Mr. Reid, Mr. Rockefeller, Mr. Salazar, Mr. Schumer, Ms. Stabenow, Mr. Wyden, Mr. Bingaman, Mr. Biden, Mr. Pryor, Mr. Jeffords, Ms. Cantwell, Mr. Byrd, Mr. Santorum, Mr. Ensign, Mr. Specter, Mr. Hatch, Mr. Allen, Mrs. Dole, Ms. Snowe, Mr. Thune, Mr. Bennett, Mr. Thomas, Mr. DeMint, Mr. Warner, Mr. Roberts, Mr. Stevens, Mr. Craig, Mr. Allard, Mr. Vitter, Mr. Martinez, Mr. Coleman, Mr. Graham, Mrs. Hutchison, Mr. Bond, Mr. Lott, and Mr. Alexander) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs June 28, 2006 Reported by Mr. Shelby, without amendment A BILL To require the Secretary of the Treasury to mint coins in commemoration of the bicentennial of the birth of Abraham Lincoln.

1.

Short title

This Act may be cited as the Abraham Lincoln Commemorative Coin Act.

2.

Findings

The Congress finds as follows: (1)Abraham Lincoln, the 16th President, was one of the Nation's greatest leaders, demonstrating true courage during the Civil War, one of the greatest crises in the Nation's history. (2)Born of humble roots in present-day LaRue County, Kentucky, on February 12, 1809, Abraham Lincoln rose to the Presidency through a combination of honesty, integrity, intelligence, and commitment to the United States. (3)With the belief that all men were created equal, Abraham Lincoln led the effort to free all slaves in the United States. (4)Abraham Lincoln had a generous heart, with malice toward none and with charity for all. (5)Abraham Lincoln gave the ultimate sacrifice for his country, dying from an assassin's bullet on April 15, 1865. (6)The year 2009 will be the bicentennial anniversary of the birth of Abraham Lincoln. (7)The Abraham Lincoln Bicentennial Commission has been charged by Congress with planning the celebration of President Lincoln’s bicentennial. (8)The proceeds from a commemorative coin will help fund the celebration and the continued study of the life of President Lincoln.

3.

Coin specifications

(a)

$1 Silver Coins

The Secretary of the Treasury (in this Act referred to as the Secretary) shall mint and issue not more than 500,000 $1 coins, which shall— (1)weigh 26.73 grams; (2)have a diameter of 1.500 inches; and (3)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.

4.

Design of coins

(a)

Design requirements

(1)

In general

The design of the coins minted under this Act shall be emblematic of the life and legacy of President Abraham Lincoln. (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 2009; 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 Abraham Lincoln Bicentennial Commission; and (2)reviewed by the Citizens Coinage Advisory Committee established under section 5135 of title 31, United States Code.

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 only during the 1-year period beginning on January 1, 2009.

6.

Sale of coins

(a)

Sale price

The coins minted 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 minted 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. (2)

Discount

Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount.

7.

Surcharges

(a)

In general

All sales of coins minted under this Act shall include a surcharge of $10 per 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 minted under this Act shall be promptly paid by the Secretary to the Abraham Lincoln Bicentennial Commission to further the work of the Commission. (c)

Audits

The Abraham Lincoln Bicentennial Commission shall be subject to the audit requirements of section 5134(f)(2) of title 31, United States Code.

June 28, 2006 Reported without amendment