S.758

An earlier year Senate bill calling for .995 pure palladium one-ounce UHR $20 Saint-Gaudens Double Eagle coins was joined by a House version introduced Thursday, July 30, by Rep. Dennis Rehberg [R-MT]. Both bills seek to produce "coins in palladium to provide affordable opportunities for investments in precious metals."

Palladium Ultra High Relief Coin Mock-up

House Resolution 3405, the Original Saint-Gaudens Double Eagle Ultra-High Relief Bullion Coin Act of 2009, is nearly identical to the same named Senate bill, S. 758, brought forward by Sen. Max Baucus [D-MT] on April 1.

Read the rest of this numismatic news article »

{ 3 comments }

Legislation has been reintroduced in the Senate that would authorize the United States Mint to produce Saint-Gaudens Ultra High Relief bullion coins in palladium.

Palladium Ultra High Relief Coin Mock-up

Details are sparse since the legislation has yet to be published by the Government Printing Office (GPO). The bill, S. 758, was only introduced Wednesday.

History, however, provides insights. Senators Max Baucus [D-MT] and Jon Tester [D-MT] sponsored S. 758 and they also introduced S. 2924 for the same purpose last year. That bill was similar to an earlier and unanimously passed House version, H.R. 5614. The Senate failed to take action on either before the new year, and both died with the end of the 110th congress.

Read the rest of this numismatic news article »

{ 4 comments }