Jamestown 400th Anniversary Commemorative Coin Act of 2004-The Daily Ledger

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

. This Act may be cited as the ``Jamestown 400th Anniversary Commemorative Coin Act of 2004´´.

Jamestown 400th Anniversary Commemorative Coin Act of 2004

. The Congress find as follows: (1) The founding of the colony at Jamestown, Virginia, in 1607, the first permanent English colony in America, and the capital of Virginia for 92 years, has major significance in the history of the United States.

Jamestown 400th Anniversary Commemorative Coin Act of 2004

(2) The Jamestown Settlement brought people from throughout the Atlantic Basin together to form a society that drew upon the strengths and characteristics of English, European, African, and Native American cultures.

Jamestown 400th Anniversary Commemorative Coin Act of 2004

(3) The economic, political, religious, and social institutions that developed during the first 9 decades of the existence of Jamestown continue to have profound effects on the United States, particularly in English common law and language, cross cultural relationships, manufacturing, and economic structure and status.

(4) The National Park Service, the Association for the Preservation of Virginia Antiquities, and the Jamestown-Yorktown Foundation of the Commonwealth of Virginia collectively own and operate significant resources related to the early history of Jamestown.

(5) In 2000, Congress established the Jamestown 400th Commemoration Commission to ensure a suitable national observance of the Jamestown 2007 anniversary and to support and facilitate marketing efforts for a commemorative coin, stamp, and related activities for the Jamestown 2007 observances.

(6) A commemorative coin will bring national and international attention to the lasting legacy of Jamestown, Virginia.

(7) The proceeds from a surcharge on the sale of such commemorative coin will assist the financing of a suitable national observance in 2007 of the 400th anniversary of the founding of Jamestown, Virginia.

. (a) .— The Secretary of the Treasury (hereafter in this Act referred to as the ``Secretary´´) shall mint and issue the following coins: (1) $5 GOLD COINS— Not more than 100,000 5 dollar coins, which shall— (A) weigh 8.359 grams;

(B) have a diameter of 0.850 inches; and

(2) $1 SILVER COINS—

Not more than 500,000 1 dollar coins, which shall—

(A) weigh 26.73 grams;

(B) have a diameter of 1.500 inches; and

(b) .—

The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code.

(c) .—

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.

. The Secretary shall obtain gold and silver for minting coins under this Act pursuant to the authority of the Secretary under other provisions of law.

. (a) .— (1) IN GENERAL.— The design of the coins minted under this Act shall be emblematic of the settlement of Jamestown, Virginia, the first permanent English settlement in America.

(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 ``2007´´; and

(b) .—

The design for the coins minted under this Act shall be—

(1) selected by the Secretary after consultation with—

(A) the Jamestown 2007 Steering Committee, created by the Jamestown-Yorktown Foundation of the Commonwealth of Virginia;

(B) the National Park Service; and

(C) the Commission of Fine Arts; and

(2) reviewed by the citizens advisory committee established under section 5135 of title 31, United States Code.

. (a) .— Coins minted under this Act shall be issued in uncirculated and proof qualities.

(b) .—

Only 1 facility of the United States Mint may be used to strike any particular combination of denomination and quality of the coins minted under this Act.

(c) .—

The Secretary may issue coins minted under this Act only during the period beginning on January 1, 2007, and ending on December 31, 2007.

. (a) .— Notwithstanding any other provision of law, the coins issued under this Act shall be sold by the Secretary at a price equal to the face value, plus the cost of designing and issuing such coins (including labor, materials, dies, use of machinery, overhead expenses, and marketing).