HR 8227
Paul Laurence Dunbar Commemorative Coin Act
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Bill overview
This bill, the Paul Laurence Dunbar Commemorative Coin Act, directs the Treasury Secretary to mint and issue commemorative coins honoring the African-American poet Paul Laurence Dunbar. The coins will include $5 gold, $1 silver, and half-dollar clad coins, each with specific designs and inscriptions. Proceeds from the sale of these coins will be used to support the Dunbar Alumni Federation, which provides scholarships and other financial assistance to Dunbar High School students and alumni.
Key provisions
- The Treasury Secretary will mint $5 gold, $1 silver, and half-dollar clad coins.
- Each coin will feature a design emblematic of Paul Laurence Dunbar.
- A $35 surcharge will be applied to $5 coins, $10 to $1 coins, and $5 to half-dollar coins.
- All surcharge proceeds will be paid to the Dunbar Alumni Federation.
- The coins will be issued in uncirculated and proof qualities.
- The issuance period is limited to a 1-year period beginning January 1, 2028.
- Bulk sales of coins will be offered at a discount.
- Prepaid orders for coins will be available at a discounted price.
Who is affected
- The United States Treasury Department
- The Paul Laurence Dunbar Alumni Federation
- Dunbar High School students and alumni
- Coin collectors and numismatists
- The general public
Notable changes
- The bill establishes a dedicated funding source for Dunbar High School through the sale of commemorative coins.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Eleanor Holmes [D-DC-At Large] Norton
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119th CONGRESS — 2d Session
H. R. 8227
IN THE HOUSE OF REPRESENTATIVES
A BILL
To require the Secretary of the Treasury to mint commemorative coins in recognition of Paul Laurence Dunbar.
This Act may be cited as the Paul Laurence Dunbar Commemorative Coin Act
.
The Congress finds that—
Majors and Minorsand
Lyrics of Lowly Life, and composing the lyrics to
In Dahomey, the first all-African-American musical produced on Broadway;
Oak and Ivy;
Federation) was organized in 2002 to provide scholarships and other financial support to students and graduates of Dunbar High School;
the Federation leverages the prestige of Dunbar High School and its distinguished alumni to enhance the education of Dunbar High School students;
Secretary) shall mint and issue the following coins:
Not more than 50,000 $5 coins, which shall—
weigh 8.359 grams;
have a diameter of 0.850 inches; and
contain not less than 90 percent gold.
Not more than 400,000 $1 coins, which shall—
weigh 26.73 grams;
have a diameter of 1.500 inches; and
contain not less than 90 percent silver.
Not more than 750,000 half-dollar coins which shall—
weigh 11.34 grams;
have a diameter of 1.205 inches; and
be minted to the specifications for half-dollar coins contained in section 5112(b) of title 31, United States Code.
The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code.
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.
On each coin minted under this Act there shall be—
a designation of the denomination of the coin;
an inscription of the year 2028
; and
inscriptions of the words Liberty
, In God We Trust
, United States of America
, and E Pluribus Unum
.
The design for the coins minted under this Act shall be—
selected by the Secretary after consultation with—
the Commission of Fine Arts; and
Coins minted under this Act shall be issued in uncirculated and proof qualities.
The Secretary may issue coins minted under this Act only during the 1-year period beginning on January 1, 2028.
The coins issued under this Act shall be sold by the Secretary at a price based upon the sum of—
the face value of the coins;
the surcharge provided in section 7(a) with respect to such coins; and
the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).
The Secretary shall make bulk sales of the coins issued under this Act at a reasonable discount.
The Secretary shall accept prepaid orders for the coins minted under this Act before the issuance of such coins.
Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount.
All sales of coins minted under this Act shall include a surcharge as follows:
A surcharge of $35 per coin for the $5 coin.
A surcharge of $10 per coin for the $1 coin.
A surcharge of $5 per coin for the half-dollar coin.
not be subject to section 5112(m)(1) of title 31, United States Code; and
not be a commemorative coin program
for purposes of such section.
The Secretary shall take such actions as may be necessary to ensure that—
minting and issuing coins under this Act will not result in any net cost to the United States Government; and
no funds, including applicable surcharges, are disbursed to the recipient designated in section 7 until the total cost of designing and issuing all of the coins authorized by this Act (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping) is recovered by the United States Treasury, consistent with sections 5112(m) and 5134(f) of title 31, United States Code.