Posted on 01/04/2006 11:25:04 AM PST by mnwo
(If I'am reading this correctly Hillary Clinton will be appearing on a US coin)
SEC. 103. FIRST SPOUSE BULLION COIN PROGRAM.
Section 5112 of title 31, United States Code, as amended by section 102, is amended by adding at the end the following:
`(o) First Spouse Bullion Coin Program-
`(1) IN GENERAL- During the same period described in subsection (n), the Secretary shall issue bullion coins under this subsection that are emblematic of the spouse of each such President.
`(2) SPECIFICATIONS- The coins issued under this subsection shall--
`(A) have the same diameter as the $1 coins described in subsection (n);
`(B) weigh 0.5 ounce; and
`(C) contain 99.99 percent pure gold.
`(3) DESIGN REQUIREMENTS-
`(A) COIN OBVERSE- The design on the obverse of each coin issued under this subsection shall contain--
`(i) the name and likeness of a person who was a spouse of a President during the President's period of service;
`(ii) an inscription of the years during which such person was the spouse of a President during the President's period of service; and
`(iii) a number indicating the order of the period of service in which such President served.
`(B) COIN REVERSE- The design on the reverse of each coin issued under this subsection shall bear--
`(i) images emblematic of the life and work of the First Spouse whose image is borne on the obverse; and
`(ii) the inscription `United States of America'.
`(C) DESIGNATED DENOMINATION- Each coin issued under this subsection shall bear, on the reverse, an inscription of the nominal denomination of the coin which shall be `$10'.
`(D) DESIGN IN CASE OF NO FIRST SPOUSE- In the case of any President who served without a spouse--
`(i) the image on the obverse of the bullion coin corresponding to the $1 coin relating to such President shall be an image emblematic of the concept of `Liberty'--
`(I) as represented on a United States coin issued during the period of service of such President; or
`(II) as represented, in the case of President Chester Alan Arthur, by a design incorporating the name and likeness of Alice Paul, a leading strategist in the suffrage movement, who was instrumental in gaining women the right to vote upon the adoption of the 19th amendment and thus the ability to participate in the election of future Presidents, and who was born on January 11, 1885, during the term of President Arthur; and
`(ii) the reverse of such bullion coin shall be of a design representative of themes of such President, except that in the case of the bullion coin referred to in clause (i)(II) the reverse of such coin shall be representative of the suffrage movement.
`(E) DESIGN AND COIN FOR EACH SPOUSE- A separate coin shall be designed and issued under this section for each person who was the spouse of a President during any portion of a term of office of such President.
`(F) INSCRIPTIONS- Each bullion coin issued under this subsection shall bear the inscription of the year of minting or issuance of the coin and such other inscriptions as the Secretary may determine to be appropriate.
`(4) SALE OF BULLION COINS- Each bullion coin issued under this subsection shall be sold by the Secretary at a price that is equal to or greater than the sum of--
`(A) the face value of the coins; and
`(B) the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).
`(5) ISSUANCE OF COINS COMMEMORATING FIRST SPOUSES-
`(A) IN GENERAL- The bullion coins issued under this subsection with respect to any spouse of a President shall be issued on the same schedule as the $1 coin issued under subsection (n) with respect to each such President.
`(B) MAXIMUM NUMBER OF BULLION COINS FOR EACH DESIGN- The Secretary shall--
`(i) prescribe, on the basis of such factors as the Secretary determines to be appropriate, the maximum number of bullion coins that shall be issued with each of the designs selected under this subsection; and
`(ii) announce, before the issuance of the bullion coins of each such design, the maximum number of bullion coins of that design that will be issued.
`(C) TERMINATION OF PROGRAM- No bullion coin may be issued under this subsection after the termination, in accordance with subsection (n)(8), of the $1 coin program established under subsection (n).
`(6) QUALITY OF COINS- The bullion coins minted under this Act shall be issued in both proof and uncirculated qualities.
`(7) SOURCE OF GOLD BULLION-
`(A) IN GENERAL- The Secretary shall acquire gold for the coins issued under this subsection by purchase of gold mined from natural deposits in the United States, or in a territory or possession of the United States, within 1 year after the month in which the ore from which it is derived was mined.
`(B) PRICE OF GOLD- The Secretary shall pay not more than the average world price for the gold mined under subparagraph (A).
`(8) BRONZE MEDALS- The Secretary may strike and sell bronze medals that bear the likeness of the bullion coins authorized under this subsection, at a price, size, and weight, and with such inscriptions, as the Secretary determines to be appropriate.
`(9) LEGAL TENDER- The coins minted under this title shall be legal tender, as provided in section 5103.
`(10) TREATMENT AS NUMISMATIC ITEMS- For purposes of section 5134 and 5136, all coins minted under this subsect
Yeah, both sides tails.......
I'm sure it will be released in 08, just prior to the elction.
Thats so weak. We are a country of weaklings....save Freepers and their familly members of course.
{uuurruup}
---ah--our revered Senators/Senatrices hard at work--
That coin if it happens won't ever remain in my change purse. don't want her mug on anything in my house.
I'd haven't read the whole bill but it has passed both the house and senate. Not sure if their is an exclusion on living people but I haven't been able to find it if their is.
This needs to be stopped.
Hillary's would be a slug.
......The design on the reverse of each coin issued under this subsection shall bear--
`(i) images emblematic of the life and work of the First Spouse whose image is borne on the obverse
..............
How are you going to show hidden billing records, hidden FBI files, and stolen furniture????
How about on each side of a condom?
> That coin if it happens won't ever remain in my change purse.
One would hope not. Half an ounce of pure gold... not exactly pocket change.
NOrmally, you have to be dead to be on a coin. Is there an exception to that rule for these coins????
It said spouse, not souse.
I can handle the nickel, but not a cankle.
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