In what could end up being an about-face in government policy, new legislation was introduced in the United States Senate on January 31, 2012 seeking to replace paper dollar bills with $1 coins.
The proposed bipartisan bill is entitled the Currency Optimization, Innovation, and National Savings (COINS) Act, S. 2049, and was introduced by Senator Tom Harkin of Iowa and Senator John McCain of Arizona.
If passed and signed into law, the COINS Act would effectively serve as a reversal to the December 2011 order [...]
Newly re-introduced legislation in the House of Representatives would commemorate the battlefields of the Revolutionary War and the War of 1812 with up to 300,000 $5 gold coins, 1 million silver dollars and 2 million half dollars.
Proposed in one form or another in successive sessions of Congress since 2004, Rep. Rush Holt [D-NJ12] intends to give another shot at passage with a fifth version of the Revolutionary War and War of 1812 Battlefields Commemorative Coin Act. The Act, numbered H.R. 3818, was repackaged by adding the year 2012 and presented to the House for consideration on January 24, 2012 [...]
As the 112th Congress gets ready to open its second session, let’s take a look back at the numismatic-related legislation that were involved in the first session.
The characterization of the 112th Congress as a "do nothing" congress can apply to how they have handled numismatic legislation. Of all the bills submitted in both chambers, none have become law. The only bill that was of a concern to coin dealers was Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 (H.R. 4, Public Law No.: 112-9). The new law changes the provisions in the Affordable Healthcare Act (Healthcare Reform) to eliminate the requirement to file Form 1099 after any transaction anyone makes of more than $600 [...]
The metallic composition of cents and nickels would be changed if newly introduced legislation becomes law. According to two separate bills introduced on December 15, 2011, America’s two lowest denominated coins should be struck primarily from steel.
Congressman Steve Stivers of Ohio introduced the proposed changes as part of the Cents and Sensibility Act, H.R. 3693, and the Saving Taxpayer Expenditures by Employing Less Imported Nickel Act, H.R. 3694, also known as the STEEL Nickel Act. Taxpayer savings was the reason given for each [...]
Gold, silver and clad commemorative coins celebrating the 225th anniversary of the US Marshals Service are one step closer to reality after several previous unsuccessful attempts.
Introduced in March by Rep. Steve Womack [R-AR3], the United States Marshals Service 225th Anniversary Commemorative Coin Act easily passed (412-1-20) through the US House of Representatives on Thursday, December 15.
The House bill, H.R. 886, has since been referred to the same Senate committee which has been sitting on a nearly [...]
Last week, Senator Richard Blumenthal [D-CT] of Connecticut introduced legislation that calls for gold and silver commemorative coins during calendar year 2016 to celebrate the life and legacy of Mark Twain.
Mark Twain, the pen name used by Samuel Clemens, wrote many books that are still in print after more than a century since his death in 1910. Two of his most noted novels include The Adventures of Tom Sawyer and its sequel The Adventures of Huckleberry Finn. Twain became one of the best known authors in America and abroad, with his books being translated into 75 languages [...]
Newly introduced Senate legislation proposes silver commemorative coins in 2014 to honor the 75th anniversary of the March of Dimes.
Numbered S. 1935 and jointly introduced by Sen. Kay Hagan [D-NC] and Sen. Susan Collins [R-NH] on Friday, December 1, the March of Dimes Commemorative Coin Act of 2011 adds further support to an identically named Act that was brought before the House in October.
Each bill would authorize the Secretary of the Treasury, and thereby the United States Mint, to produce up to [...]
A bill seeking to adjust how Lincoln commemorative coin surcharges are distributed was introduced in the U.S. House of Representatives, considered in the Financial Services Committee and has been marked up for a voice vote before the full body.
That Abraham Lincoln Commemorative Coin Act resulted in the highly successful United States Mint commemorative coin program in 2009 which resulted in the sellout of 500,000 Lincoln silver dollars — 125,000 uncirculated, 325,000 individual proofs and another 50,000 proofs that were [...]
Commemorative coins celebrating the National Baseball Hall of Fame are one step closer to becoming reality.
Introduced on July 14 by Rep. Richard L. Hanna, R-N.Y., the U.S. House of Representatives on Wednesday approved the National Baseball Hall of Fame Commemorative Coin Act in an overwhelming vote of 463 to 3.
The commemorative coin Act, numbered H.R. 2527, instructs the United States Mint to produce up to 50,000 $5 gold coins, 400,000 silver dollars and 750,000 50C half-dollars to commemorate the National Baseball Hall of Fame soon after its 75th anniversary in 2014. The coins would be produced and issued for calendar year 2015 [...]
On Thursday, October 13, Rep. Robert Brady, D-PA, introduced legislation that would honor the U.S.S. Cruiser Olympia with commemorative silver coins during calendar year 2016.
Named the U.S.S. Cruiser Olympia Commemorative Coin Act and numbered H.R. 3180, the introduced legislation would authorize the United States Mint to strike up to 500,000 $1 silver coins in collector proof and uncirculated qualities [...]
