S 3077 ISCommentsClose CommentsPermalink

112th CONGRESSCommentsClose CommentsPermalink

2d SessionCommentsClose CommentsPermalink

S. 3077CommentsClose CommentsPermalink

To require the Secretary of the Treasury to mint coins in recognition and celebration of the Pro Football Hall of Fame.CommentsClose CommentsPermalink

IN THE SENATE OF THE UNITED STATESCommentsClose CommentsPermalink

May 10, 2012CommentsClose CommentsPermalink

Mr. PORTMAN (for himself and Mr. MANCHIN) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban AffairsCommentsClose CommentsPermalink

A BILLCommentsClose CommentsPermalink

To require the Secretary of the Treasury to mint coins in recognition and celebration of the Pro Football Hall of Fame.CommentsClose CommentsPermalink

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

SECTION 1. SHORT TITLE.

This Act may be cited as the ‘Pro Football Hall of Fame Commemorative Coin Act’.CommentsClose CommentsPermalink

SEC. 2. FINDINGS.

The Congress finds the following:CommentsClose CommentsPermalink





(1) The Pro Football Hall of Fame’s mission is--CommentsClose CommentsPermalink





(A) to honor individuals who have made outstanding contributions to professional football;CommentsClose CommentsPermalink





(B) to preserve professional football’s historic documents and artifacts;CommentsClose CommentsPermalink





(C) to educate the public regarding the origin, development, and growth of professional football as an important part of American culture; andCommentsClose CommentsPermalink





(D) to promote the positive values of the sport.CommentsClose CommentsPermalink





(2) The Pro Football Hall of Fame opened its doors on September 7, 1963. On that day a charter class of 17 players, coaches, and contributors were enshrined. Among the group were such legends as Sammy Baugh, Red Grange, George Halas, Don Hutson, Bronko Nagurski, and Jim Thorpe. Through 2012, there are 273 members who have been elected to the Pro Football Hall of Fame. Three distinct iconic symbols represent an individual’s membership in the Hall of Fame: a bronze bust, a Hall of Fame gold jacket, and a Hall of Fame ring.CommentsClose CommentsPermalink





(3) The Pro Football Hall of Fame has welcomed nearly 9 million visitors from around the world since opening in 1963. The museum has grown from its original 19,000-square-foot building to a 118,000-square-foot, state-of-the-art facility as a result of expansions in 1971, 1978, 1995, and most recently in 2011-2013. In addition, major exhibit renovations have been completed in 2003, 2008, and 2009.CommentsClose CommentsPermalink





(4) The Pro Football Hall of Fame houses the world’s largest collection on professional football. Included in the museum’s vast collection are more than 20,000 three-dimensional artifacts and more than 20 million pages of documents including nearly 3,000,000 photographic images.CommentsClose CommentsPermalink





(5) The Pro Football Hall of Fame reaches a world-wide audience of nearly 15,000,000 people annually through visitors to the museum, participants in the annual Pro Football Hall of Fame Enshrinement Festival, three nationally televised events, the Hall of Fame’s Web site, social media outlets, special events across the country, and through the museum’s Educational Outreach video conferencing programs.CommentsClose CommentsPermalink

SEC. 3. COIN SPECIFICATIONS.

(a) Denominations- The Secretary of the Treasury (hereafter in this Act referred to as the ‘Secretary’) shall mint and issue the following coins:CommentsClose CommentsPermalink





(1) $5 GOLD COINS- Not more than 50,000 $5 coins, which shall--CommentsClose CommentsPermalink





(A) weigh 8.359 grams;CommentsClose CommentsPermalink





(B) have a diameter of 0.850 inches; andCommentsClose CommentsPermalink





(C) contain 90 percent gold and 10 percent alloy.CommentsClose CommentsPermalink





(2) $1 SILVER COINS- Not more than 400,000 $1 coins, which shall--CommentsClose CommentsPermalink





(A) weigh 26.73 grams;CommentsClose CommentsPermalink





(B) have a diameter of 1.500 inches; andCommentsClose CommentsPermalink





(C) contain 90 percent silver and 10 percent copper.CommentsClose CommentsPermalink





(3) HALF-DOLLAR CLAD COINS- Not more than 750,000 half-dollar coins which shall--CommentsClose CommentsPermalink





(A) weigh 11.34 grams;CommentsClose CommentsPermalink





(B) have a diameter of 1.205 inches; andCommentsClose CommentsPermalink





(C) be minted to the specifications for half-dollar coins contained in section 5112(b) of title 31, United States Code.CommentsClose CommentsPermalink





(b) Legal Tender- The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code.CommentsClose CommentsPermalink





(c) Numismatic Items- For purposes of section 5134 of title 31, United States Code, all coins minted under this Act shall be considered to be numismatic items.CommentsClose CommentsPermalink

SEC. 4. DESIGN OF COINS.

(a) Design Requirements-CommentsClose CommentsPermalink





(1) IN GENERAL- The design of the coins minted under this Act shall be emblematic of the game of professional football.CommentsClose CommentsPermalink





(2) DESIGNATION AND INSCRIPTIONS- On each coin minted under this Act there shall be--CommentsClose CommentsPermalink





(A) a designation of the value of the coin;CommentsClose CommentsPermalink





(B) an inscription of the year ‘2016’; andCommentsClose CommentsPermalink





(C) inscriptions of the words ‘Liberty’, ‘In God We Trust’, ‘United States of America’, and ‘E Pluribus Unum’.CommentsClose CommentsPermalink





(b) Selection- The design for the coins minted under this Act shall be--CommentsClose CommentsPermalink





(1) selected by the Secretary after consultation with the Commission of Fine Arts and the Pro Football Hall of Fame; andCommentsClose CommentsPermalink





(2) reviewed by the Citizens Coinage Advisory Committee.CommentsClose CommentsPermalink

SEC. 5. ISSUANCE OF COINS.

(a) Quality of Coins- Coins minted under this Act shall be issued in uncirculated and proof qualities.CommentsClose CommentsPermalink





(b) Mint Facility- Only 1 facility of the United States Mint may be used to strike any particular quality of the coins minted under this Act.CommentsClose CommentsPermalink





(c) Period for Issuance- The Secretary may issue coins minted under this Act only during the 1-year period beginning on January 1, 2016.CommentsClose CommentsPermalink

SEC. 6. SALE OF COINS.

(a) Sale Price- The coins issued under this Act shall be sold by the Secretary at a price equal to the sum of--CommentsClose CommentsPermalink





(1) the face value of the coins;CommentsClose CommentsPermalink





(2) the surcharge provided in section 7(a) with respect to such coins; andCommentsClose CommentsPermalink





(3) the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).CommentsClose CommentsPermalink





(b) Bulk Sales- The Secretary shall make bulk sales of the coins issued under this Act at a reasonable discount.CommentsClose CommentsPermalink





(c) Prepaid Orders-CommentsClose CommentsPermalink





(1) IN GENERAL- The Secretary shall accept prepaid orders for the coins minted under this Act before the issuance of such coins.CommentsClose CommentsPermalink





(2) DISCOUNT- Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount.CommentsClose CommentsPermalink

SEC. 7. SURCHARGES.

(a) In General- All sales of coins issued under this Act shall include a surcharge of--CommentsClose CommentsPermalink





(1) $35 per coin for the $5 coin;CommentsClose CommentsPermalink





(2) $10 per coin for the $1 coin; andCommentsClose CommentsPermalink





(3) $5 per coin for the half-dollar coin.CommentsClose CommentsPermalink





(b) Distribution- Subject to section 5134(f)(1) 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 Pro Football Hall of Fame, to help finance the construction of a new building and renovation of existing Pro Football Hall of Fame facilities.CommentsClose CommentsPermalink





(c) Audits- The Pro Football Hall of Fame 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).CommentsClose CommentsPermalink





(d) Limitation- Notwithstanding subsection (a), no surcharge may be included with respect to the issuance under this Act of any coin during a calendar year if, as of the time of such issuance, the issuance of such coin would result in the number of commemorative coin programs issued during such year to exceed the annual 2 commemorative coin program issuance limitation under section 5112(m)(1) of title 31, United States Code (as in effect on the date of the enactment of this Act). The Secretary of the Treasury may issue guidance to carry out this subsection.CommentsClose CommentsPermalink