S. 483: Mark Twain Commemorative Coin Act

A bill to require the Secretary of the Treasury to mint coins in commemoration of Mark Twain.

Full Bill Text

  • Most Recent: S. 483.IS (Introduced in Senate)

Bill Status

111st Congress:

Introduced in Senate
Passed Senate
Voted on in House
Signed by President
Feb. 25, 2009
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For a U.S. bill to become law, it must pass both the House of Representatives and the Senate, and then get signed by the President.

Related Bills

This bill is similar to H.R. 1195 that was introduced in the House on Feb. 25, 2009, and nearly identical to H.R. 7152, which was introduced in the 110th Congress, but died.

CoinNews Articles on Bill or Related Bills:

  • Mark Twain Commemorative Coins Reintroduced, H.R. 1195 – Feb. 26
    Rep. John Larson has reintroduced legislation in H.R. 1195 calling for $5 gold and $1 silver coins to commemorate the life and legacy of Mark Twain. Mark Twain was the pen name for Samuel Clemens, whose many works are still mostly in print after nearly a century past his death in 1910.

Sponsor of S. 483

Bill Actions by Date

  • 2/25/2009: Sponsor introductory remarks on measure.
  • 2/25/2009: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Text of S. 483: Mark Twain Commemorative Coin Act

S.483 IS (Introduced in Senate)


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.

Cosponsor List

The following Senate members cosponsored the bill:

  • Sen Bond, Christopher S. [MO] – 2/25/2009
    Sen Boxer, Barbara [CA] – 2/25/2009
    Sen Cochran, Thad [MS] – 3/26/2009
    Sen Feinstein, Dianne [CA] – 3/16/2009
    Sen Isakson, Johnny [GA] – 3/24/2009
    Sen Lieberman, Joseph I. [CT] – 2/25/2009
    Sen Lugar, Richard G. [IN] – 3/16/2009
    Sen McCaskill, Claire [MO] – 2/25/2009
    Sen Schumer, Charles E. [NY] – 2/25/2009

Additional resources for S. 483