II
111th CONGRESS
1st Session
S. 483
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.
Short title
This Act may be cited as the
Mark Twain Commemorative Coin
Act
.
Findings
The Congress finds that—
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;
Mark Twain remains one of the best known Americans in the world, with over 6,500 editions of his books translated into 75 languages;
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;
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;
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
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
.
Coin specifications
Denominations
The Secretary of the Treasury (hereafter in
this Act referred to as the Secretary
) shall mint and issue the
following coins:
$5 gold coins
Not more than 100,000 $5 coins, which shall—
weigh 8.359 grams;
have a diameter of 0.850 inches; and
contain 90 percent gold and 10 percent alloy.
$1 silver coins
Not more than 500,000 $1 coins, which shall—
weigh 26.73 grams;
have a diameter of 1.500 inches; and
contain 90 percent silver and 10 percent copper.
Legal tender
The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code.
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.
Design of coins
Design requirements
In general
The design of the coins minted under this Act shall be emblematic of the life and legacy of Mark Twain.
Designation and inscriptions
On each coin minted under this Act there shall be—
a designation of the value of the coin;
an inscription of
the year 2013
; and
inscriptions of
the words Liberty
, In God We Trust
, United
States of America
, and E Pluribus Unum
.
Selection
The design for the coins minted under this Act shall be—
selected by the Secretary, after consultation with the Commission of Fine Arts and the Board of the Mark Twain House & Museum; and
reviewed by the Citizens Coinage Advisory Committee.
Issuance of coins
Quality of coins
Coins minted under this Act shall be issued in uncirculated and proof qualities.
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.
Period for issuance
The Secretary may issue coins minted under this Act only during the 1-year period beginning on January 1, 2013.
Sale of coins
Sale price
The coins issued under this Act shall be sold by the Secretary at a price equal to the sum of—
the face value of the coins;
the surcharge provided in section 7(a) with respect to such coins; and
the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).
Bulk sales
The Secretary shall make bulk sales of the coins issued under this Act at a reasonable discount.
Prepaid orders
In general
The Secretary shall accept prepaid orders for the coins minted under this Act before the issuance of such coins.
Discount
Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount.
Surcharges
In general
All sales of coins issued under this Act shall include a surcharge of—
$35 per coin for the $5 coin; and
$10 per coin for the $1 coin.
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:
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.
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.
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.
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.
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.