1921 Silver Dollar Coin Anniversary Act
The Department of the Treasury shall mint and issue $1 silver coins in recognition of the 100th anniversary of completion of coinage of the Morgan dollar and the 100th anniversary of commencement of coinage of the Peace dollar.
Treasury may issue such coins beginning on January 1, 2021.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 4326 Introduced in Senate (IS)]
<DOC>
116th CONGRESS
2d Session
S. 4326
To require the Secretary of the Treasury to honor the 100th anniversary
of completion of coinage of the ``Morgan Dollar'' and the 100th
anniversary of commencement of coinage of the ``Peace Dollar'', and for
other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 27, 2020
Mr. Enzi (for himself and Ms. Cortez Masto) 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 honor the 100th anniversary
of completion of coinage of the ``Morgan Dollar'' and the 100th
anniversary of commencement of coinage of the ``Peace Dollar'', and for
other purposes.
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 ``1921 Silver Dollar Coin Anniversary
Act''.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) In December 1921, the Peace silver dollar was approved
by Treasury Secretary Andrew Mellon, replacing the Morgan
silver dollar and commemorating the declaration of peace
between the United States and the Imperial German government.
(2) The Peace silver dollar was minted in Philadelphia,
Denver and San Francisco. The Morgan silver dollar was minted
at Philadelphia, Denver, San Francisco, Carson City, and New
Orleans.
(3) The Peace silver dollar was designed by Anthony de
Francisci with the Goddess of Liberty on the obverse and a bald
eagle clutching the olive branch (a symbol of peace) on the
reverse. The Peace silver dollars were minted between 1921 to
1935.
(4) The Morgan silver dollar was designed by George T.
Morgan and was minted from 1878 to 1904, and again in 1921. The
obverse depicts a profile portrait of Lady Liberty and on the
reverse, a heraldic eagle.
(5) The conversion from the Morgan silver dollar to the
Peace silver dollar design in 1921 reflected a pivotal moment
in American history. The Morgan silver dollar represents the
country's westward expansion and industrial development in the
late 19th century. The Peace silver dollar symbolizes the
country's coming of age as an international power while
recognizing the sacrifices made by her citizens in World War I
and celebrating the victory and peace that ensued.
(6) These iconic silver dollars with vastly different
representations of Lady Liberty and the American Eagle, reflect
a changing of the guard in 1921 in the United States and
therefore on the 100th anniversary must begin to be minted
again to commemorate this significant evolution of American
freedom.
SEC. 3. COIN SPECIFICATIONS.
(a) $1 Silver Coins.--The Secretary of the Treasury (hereafter in
this Act referred to as the ``Secretary'') shall mint and issue $1
coins in recognition of the 100th anniversary of completion of coinage
of the Morgan dollar and the 100th anniversary of commencement of
coinage of the Peace dollar, each of which shall--
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches;
(3) contain not less than 90 percent silver; and
(4) have a reeded edge.
(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 sections 5134 and 5136 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 designs of the coins minted under this
Act shall honor either the Morgan dollar or the Peace dollar,
as follows--
(A) Morgan dollar.--The coins honoring the 100th
anniversary of completion of coinage of the Morgan
dollar shall have an obverse design and a reverse
design that are renditions of the designs historically
used on the obverse and reverse of the Morgan dollar.
(B) Peace dollar.--The coins honoring the 100th
anniversary of commencement of coinage of the Peace
dollar shall have an obverse design and a reverse
design that are renditions of the designs historically
used on the obverse and reverse of the Peace dollar.
(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 of minting or
issuance; 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
(2) reviewed by the Citizens Coinage Advisory Committee.
SEC. 5. ISSUANCE OF COINS.
The Secretary may issue coins minted under this Act beginning on
January 1, 2021.
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; and
(2) 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 may make bulk sales of the coins
issued under this Act at a reasonable discount.
SEC. 7. FINANCIAL ASSURANCES.
The Secretary of the Treasury shall take such actions as may be
necessary to ensure that the minting and issuing of coins under the Act
will not result in any net cost to the United States Government.
<all>
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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