[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 483 Introduced in Senate (IS)]
111th CONGRESS
1st Session
S. 483
To require the Secretary of the Treasury to mint coins in commemoration
of Mark Twain.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
February 25, 2009
Mr. Dodd (for himself, Mr. Lieberman, Mrs. Boxer, Mr. Schumer, Mrs.
McCaskill, and Mr. Bond) introduced the following bill; which was read
twice and referred to the Committee on Banking, Housing, and Urban
Affairs
_______________________________________________________________________
A BILL
To require the Secretary of the Treasury to mint coins in commemoration
of Mark Twain.
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 ``Mark Twain Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds that--
(1) Samuel Clemens--better known to the world as Mark
Twain--was a unique American voice whose literary work has had
a lasting effect on our Nation's history and culture;
(2) Mark Twain remains one of the best known Americans in
the world, with over 6,500 editions of his books translated
into 75 languages;
(3) Mark Twain's literary and educational legacy remains
strong even today, with nearly every book he wrote still in
print, including ``The Adventures of Tom Sawyer'' and
``Adventures of Huckleberry Finn''--both of which have never
gone out of print since they were first published over a
century ago;
(4) in the past 2 decades alone, there have been more than
100 books published and over 250 doctoral dissertations written
on Mark Twain's life and work;
(5) even today, Americans seek to know more about the life
and work of Mark Twain, as people from around the world and
across all 50 States annually flock to National Historic
Landmarks like the Mark Twain House & Museum in Hartford,
Connecticut and the Mark Twain Boyhood Home & Museum in
Hannibal, Missouri; and
(6) Mark Twain's work is remembered today for addressing
the complex social issues facing America at the turn of the
century, including the legacy of the Civil War, race relations,
and the economic inequalities of the ``Gilded Age''.
SEC. 3. COIN SPECIFICATIONS.
(a) Denominations.--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
(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 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 life and legacy of Mark Twain.
(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 ``2013''; 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 Mark Twain House &
Museum; 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.--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,
2013.
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.
(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 issued under this Act shall
include a surcharge of--
(1) $35 per coin for the $5 coin; and
(2) $10 per coin for the $1 coin.
(b) Distribution.--Subject to section 5134(f)(1) 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 as follows:
(1) \2/5\ of the surcharges, to the Mark Twain House &
Museum in Hartford, Connecticut, to support the continued
restoration of the Mark Twain house and grounds, and to ensure
continuing growth and innovation in museum programming to
research, promote, and educate on the legacy of Mark Twain.
(2) \1/5\ of the surcharges, to the Mark Twain Project at
the Bancroft Library of the University of California, Berkeley,
California, to support programs to study and promote Mark
Twain's legacy.
(3) \1/5\ of the surcharges, to the Center for Mark Twain
Studies at Elmira College, New York, to support programs to
study and promote Mark Twain's legacy.
(4) \1/5\ of the surcharges, to the Mark Twain Boyhood Home
& Museum in Hannibal, Missouri, to preserve historical sites
related to Mark Twain and to help support programs to study and
promote Mark Twain's legacy.
(c) Audits.--The Comptroller General of the United States shall
have the right to examine such books, records, documents, and other
data of each of the organizations referred to in paragraphs (1), (2),
(3), and (4) of subsection (b) as may be related to the expenditures of
amounts paid under such subsection.
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