I
115th CONGRESS
2d Session
H. R. 6214
IN THE HOUSE OF REPRESENTATIVES
June 25, 2018
Ms. Norton introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To require the Secretary of the Treasury to mint commemorative coins in recognition of Paul Laurence Dunbar.
Short title
This Act may be cited as the Paul Laurence Dunbar Commemorative Coin Act
.
Findings
The Congress finds that—
Paul Laurence Dunbar was one of the first influential African-American poets in American literature, writing such classics as Majors and Minors
and Lyrics of Lowly Life
, and composing the lyrics to In Dahomey
, the first all-African-American musical produced on Broadway;
Paul Laurence Dunbar was born June 27, 1872, to freed slaves Joshua and Matilda Murphy Dunbar;
Paul Laurence Dunbar first published a series of poems at age 14 in the Dayton Herald;
in 1893, Paul Laurence Dunbar published a series of poems in a work entitled Oak and Ivy
;
by the late 1890s, Paul Laurence Dunbar had become a prominent author, having had his poems published in such major national newspapers and magazines as The New York Times;
over his career, Paul Laurence Dunbar went on to publish more collections of poems, short stories, and novels;
Paul Laurence Dunbar died on February 9, 1906, at 33 years of age;
Paul Laurence Dunbar Senior High School (hereafter referred to as Dunbar High School) was established in the District of Columbia in 1870 as the Preparatory High School for Colored Youth, and was the first public high school for African-American students in the country;
the Preparatory High School for Colored Youth was renamed in 1916 in honor of Paul Laurence Dunbar;
the Dunbar Alumni Federation (hereafter in this Act referred to as the Federation
) was organized in 2002 to provide scholarships and other financial support to students and graduates of Dunbar High School;
the Federation promotes and supports scholarship efforts, along with school and community activities;
the Federation leverages the prestige of Dunbar High School and its distinguished alumni to enhance the education of Dunbar High School students;
the Federation promotes Dunbar High School alumni from more than 35 years of graduating classes through their scholarship efforts, community activities, and other endeavors to support Dunbar High School;
the Federation helps finance such student development activities as the Debate Team, the Band, the Ski Team, the Junior Reserve Officer Training Corps, and athletics;
the Federation funds faculty, staff, and parent appreciation and development activities; and
the Federation collects and assembles artifacts and memorabilia from alumni for historical and legacy displays to chronicle Dunbar High School’s rich history.
Coin specifications
Denominations
In recognition and celebration of Paul Laurence Dunbar, the Secretary of the Treasury (hereafter in this Act referred to as the Secretary
) shall mint and issue the following coins:
$5 gold 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.
$1 silver coins
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.
Half-dollar clad coins
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.
Legal tender
The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code.
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.
Design of coins
In general
The design for the coins minted under this Act shall be emblematic of Paul Laurence Dunbar.
Designations and inscriptions
On each coin minted under this Act there shall be—
a designation of the denomination of the coin;
an inscription of the year 2019
; and
inscriptions of the words Liberty
, In God We Trust
, United States of America
, and E Pluribus Unum
.
Selection
The design for the coins minted under this Act shall be—
selected by the Secretary after consultation with—
the Commission of Fine Arts; and
the Federation; and
reviewed by the Citizens Commemorative Coin Advisory Committee.
Issuance of coins
Quality of coins
Coins minted under this Act shall be issued in uncirculated and proof qualities.
Period for issuance
The Secretary may issue coins minted under this Act only during the 1-year period beginning on January 1, 2019.
Sale of coins
Sale price
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).
Bulk sales
The Secretary shall make bulk sales of the coins issued under this Act at a reasonable discount.
Prepaid orders
In general
The Secretary shall accept prepaid orders for the coins minted under this Act before the issuance of such coins.
Discount
Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount.
Surcharges
In general
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.
Distribution
Subject to section 5134(f) of title 31, United States Code, all surcharges received by the Secretary from the sale of coins issued under this Act shall be promptly paid by the Secretary to the Federation.
Exemption to commemorative coin program limitations
This Act shall—
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.
Audit
The recipient described under subsection (b) shall be subject to the audit requirements of section 5134(f)(2) of title 31, United States Code, with regard to the amounts received under subsection (b).
Financial assurances
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.