A bill to provide for the minting of half dollars with a design emblematic of the two hundred and fiftieth anniversary of the birth of George Washington.
George Washington Commemorative Coin Act - Amends the Coinage Act of 1965 to provide for the minting of not less than ten million half-dollar coins with a design emblematic of the two hundred and fiftieth anniversary of the birth of George Washington.
Specifies the size and weight of such coins. Specifies certain inscriptions to be placed on such coins.
Provides that such coins shall be sold to the public at a price equal to the cost of minting and distribution plus a surcharge of not more than 20 percent. Directs that an amount equal to all surcharges collected shall be used for the sole purpose of reducing the national debt.
Directs that no such coins shall be minted after December 31, 1983.
Authorizes appropriations.
Became Public Law No: 97-104.
Introduced in Senate
Read second time and referred to Senate Committee on Banking.
Committee on Banking requested executive comment from Bureau of the Mint.
Committee on Banking. Ordered favorably reported H.R. 3484 in lieu of this measure.
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