    [United States Statutes at Large, Volume 134, 116th Congress, 2nd Session]
    [From the U.S. Government Publishing Office, www.gpo.gov]

    Public Law 116-286
    116th Congress

    An Act

    To require the Secretary of the Treasury to honor the 100th anniversary
    of completion of coinage of the ``Morgan Dollar'' and the 100th
    anniversary of commencement of coinage of the ``Peace Dollar'', 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 ``1921 Silver Dollar Coin Anniversary
    Act''.
    SEC. 2. FINDINGS.

    The Congress finds that following:
    (1) In December 1921, the Peace silver dollar was approved
    by Treasury Secretary Andrew Mellon, replacing the Morgan silver
    dollar and commemorating the declaration of peace between the
    United States and the Imperial German government.
    (2) The Peace silver dollar was minted in Philadelphia,
    Denver and San Francisco. The Morgan silver dollar was minted at
    Philadelphia, Denver, San Francisco, Carson City, and New
    Orleans.
    (3) The Peace silver dollar was designed by Anthony de
    Francisci with the Goddess of Liberty on the obverse and a bald
    eagle clutching the olive branch (a symbol of peace) on the
    reverse. The Peace silver dollars were minted between 1921 to
    1935.
    (4) The Morgan silver dollar was designed by George T.
    Morgan and was minted from 1878 to 1904, and again in 1921. The
    obverse depicts a profile portrait of Lady Liberty and on the
    reverse, a heraldic eagle.
    (5) The conversion from the Morgan silver dollar to the
    Peace silver dollar design in 1921 reflected a pivotal moment in
    American history. The Morgan silver dollar represents the
    country's westward expansion and industrial development in the
    late 19th century. The Peace silver dollar symbolizes the
    country's coming of age as an international power while
    recognizing the sacrifices made by her citizens in World War I
    and celebrating the victory and peace that ensued.
    (6) These iconic silver dollars with vastly different
    representations of Lady Liberty and the American Eagle, reflect
    a changing of the guard in 1921 in the United States and
    therefore on the 100th anniversary must begin to be minted again
    to commemorate this significant evolution of American freedom.

    [[Page 4880]]

    SEC. 3. COIN SPECIFICATIONS.

    (a) $1 Silver Coins.--The Secretary of the Treasury (hereafter in
    this Act referred to as the ``Secretary'') shall mint and issue $1 coins
    in recognition of the 100th anniversary of completion of coinage of the
    Morgan dollar and the 100th anniversary of commencement of coinage of
    the Peace dollar, each of which shall--
    (1) weigh 26.73 grams;
    (2) have a diameter of 1.500 inches;
    (3) contain not less than 90 percent silver; and
    (4) have a reeded edge.

    (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 designs of the coins minted under this
    Act shall honor either the Morgan dollar or the Peace dollar, as
    follows--
    (A) Morgan dollar.--The coins honoring the 100th
    anniversary of completion of coinage of the Morgan
    dollar shall have an obverse design and a reverse design
    that are renditions of the designs historically used on
    the obverse and reverse of the Morgan dollar.
    (B) Peace dollar.--The coins honoring the 100th
    anniversary of commencement of coinage of the Peace
    dollar shall have an obverse design and a reverse design
    that are renditions of the designs historically used on
    the obverse and reverse of the Peace dollar.
    (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 of minting or
    issuance; 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
    (2) <>  reviewed by the Citizens Coinage
    Advisory Committee.
    SEC. 5. <>  ISSUANCE OF COINS.

    The Secretary may issue coins minted under this Act beginning on
    January 1, 2021.
    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; and
    (2) the cost of designing and issuing the coins (including
    labor, materials, dies, use of machinery, overhead expenses,
    marketing, and shipping).

    [[Page 4881]]

    (b) Bulk Sales.--The Secretary may make bulk sales of the coins
    issued under this Act at a reasonable discount.
    SEC. 7. FINANCIAL ASSURANCES.

    The Secretary of the Treasury shall take such actions as may be
    necessary to ensure that the minting and issuing of coins under the Act
    will not result in any net cost to the United States Government.
    SEC. 8. DETERMINATION OF BUDGETARY EFFECTS.

    The budgetary effects of this Act, for the purpose of complying with
    the Statutory Pay-As-You-Go Act of 2010, shall be determined by
    reference to the latest statement titled ``Budgetary Effects of PAYGO
    Legislation'' for this Act, submitted for printing in the Congressional
    Record by the Chairman of the House Budget Committee, provided that such
    statement has been submitted prior to the vote on passage.

    Approved January 5, 2021.

    LEGISLATIVE HISTORY--H.R. 6192:
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    CONGRESSIONAL RECORD, Vol. 166 (2020):
    Sept. 22, considered and passed House.
    Dec. 17, considered and passed Senate.