A bill to authorize and direct the Secretary of the Treasury to mint and issue gold coins to be known as Jeffersons, Hamiltons, Madisons, and Franklins.

Directs the Secretary of the Treasury to mint and issue during each calendar year at least one million troy ounces of gold coins divided equally by weight among four denominations as set forth in this Act.

Sets forth the weights of such coins. Declares that any gold coin minted under this Act shall not have a designation of its value, but shall have a designation of its weight in troy ounces.

Requires such coins to bear designs suitably memorializing Thomas Jefferson, Alexander Hamilton, James Madison, and Benjamin Franklin.

Sets forth the standard for gold coins of the United States.

Repeals the provisions of the Gold Reserve Act which discontinued gold coinage.