113 S2303 IS: United States Coast Guard Commemorative Coin Act
U.S. Senate
2014-05-07
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.
This Act may be cited as the
United States Coast Guard
Commemorative Coin Act
.
2.
The Congress finds the following:
(1)
The United States
Coast Guard was founded on August 4, 1790, as the Revenue Cutter Service
under
the United States Department of the Treasury.
(2)
Congress created
the Coast Guard on January 28, 1915, by merging the Revenue Cutter Service
and
the United States Lifesaving Service, was moved to the Department of
Transportation in 1967, and on February 25, 2003, became part of the
Department
of Homeland Security.
(3)
Although the
smallest of the uniformed services, today the United States Coast Guard
conducts a wide variety of missions to protect the public, the
environment, and
the United States economic and security interests in any maritime region,
including international waters and America’s coasts, ports, and inland
waterways.
(4)
Every day, the
United States Coast Guard plays a broad and important role in homeland
security, law enforcement, search and rescue, marine environmental
pollution
response, and the maintenance of river, intra-coastal and offshore aids to
navigation (ATON).
(5)
The United States
Coast Guard is our Nation’s oldest seafaring military service, staying
true to
their motto, Semper Paratus or Always Ready,
for 223
years.
(6)
The United States Coast Guard has an
estimated 42,300 men and women on active duty, who in 2012 responded to
nearly
20,000 search and rescue incidents saving over 3,500 lives and protecting
$77
million in property, removed 107 metric tons of cocaine and 56 metric tons
of
marijuana headed to the United States, and interdicted nearly 3,000
undocumented migrants on the high seas attempting to illegally enter the
United
States.
(7)
Section 213 of
Public Law 108–293 states that The Commandant may establish a National
Coast Guard Museum, on lands which will be federally owned and
administered by
the Coast Guard, and are located in New London, Connecticut, at, or in
close
proximity to, the Coast Guard Academy
.
(8)
The National Coast
Guard Museum Association, a nonprofit association dedicated to improve
public
understanding of the history, service and missions of the Coast Guard, is
working with the United States Coast Guard, the City of New London, the
State
of Connecticut, and a range of local, regional, and national stakeholders
to
develop, plan and raise capital for the National Coast Guard Museum, to be
located in New London, Connecticut.
(9)
The United States
Coast Guard is the only military service without a national museum through
which to share its history and legacy with the American public.
3.
(a)
The
Secretary of the Treasury (hereafter in this Act referred to as the
Secretary
) shall mint and issue the following coins:
(1)
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)
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.
(3)
Not more than 750,000 half dollar coins, which
shall—
(A)
weigh 11.34
grams;
(B)
have a diameter of
1.205 inches; and
(C)
be minted to the
specifications for half dollar coins, contained in section 5112(b) of
title 31,
United States Code.
(b)
The coins minted under this Act shall be legal tender, as
provided in section 5103 of title 31, United States Code.
(c)
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.
(a)
(1)
The design of the coins minted under this Act shall be
emblematic of the traditions, history, and heritage of the United States
Coast
Guard, and its role in securing our Nation since 1790.
(2)
Designations 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 2017
; and
(C)
inscriptions of
the words Liberty
, In God We Trust
, United
States of America
, and E Pluribus Unum
.
(b)
The
design for the coins minted under this Act shall—
(1)
contain motifs that specifically honor the
American Coast Guardsman of both today and yesterday, in wartime and in
peace,
such designs to be consistent with the traditions and heritage of the
United
States Coast Guard, the mission and goals of the National Coast Guard
Museum,
and the missions and goals of the National Coast Guard Museum
Foundation;
(2)
be selected by the Secretary, after
consultation with the Secretary of Homeland Security, the National Coast
Guard
Museum Foundation, and the Commission of Fine Arts; and
(3)
be reviewed by the
Citizens Coinage Advisory Committee.
5.
(a)
Coins minted under this Act shall be issued in uncirculated
and proof qualities.
(b)
For each of the 3 coins minted under this Act, at
least 1 facility of the United States Mint shall be used to strike proof
quality coins, while at least 1 other such facility shall be used to
strike the
uncirculated quality coins.
(c)
The Secretary may issue coins minted under this Act only
during the 1-year period beginning on January 1, 2017.
6.
(a)
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)
The Secretary shall make bulk sales of the coins issued
under this Act at a reasonable discount.
(c)
(1)
The Secretary shall accept prepaid orders for the coins
minted under this Act before the issuance of such coins.
(2)
Sale
prices with respect to prepaid orders under paragraph (1) shall be at a
reasonable discount.
7.
(a)
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.
(3)
A
surcharge of $5 per coin for the half dollar coin.
(b)
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 National Coast Guard Museum Foundation to
help
finance the design, construction, operations, and maintenance of the
National
Coast Guard Museum.
(c)
The National Coast Guard Museum Foundation
shall be subject to the audit requirements of section 5134(f)(2) of title
31,
United States Code, with regard to the amounts received under subsection
(b).