To provide for the minting and circulation of 1 dollar coins, and for other purposes.
United States Coinage Reform Act of 1990 - Amends Federal currency law to prescribe the color and content of one-dollar coins. Mandates that the obverse side of the one dollar coin have a design symbolizing the 500th anniversary of the discovery of the New World by Christopher Columbus (thus replacing the Susan B. Anthony design).
Directs the Secretary of the Treasury to cease regular production of one-dollar Federal Reserve notes by a specified date (except for such quantities as are required to meet collectors' needs).
Mandates that the seigniorage of the new one-dollar coins be used to offset the reverse seigniorage resulting from the destruction of Susan B. Anthony dollar coins in Government storage.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Consumer Affairs and Coinage.
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