Coin Legislation June - July 2009 Summary

Because there was less activity on the coin legislation front, the latest summary will comprise the two months of June and July 2009. Much of the activity came in the closing days of the month of July. Legislation included three proposals for new commemorative coin programs, one corollary bill, and one proposal related to the taxation of precious metals investors.

On June 10, 2009, HR 2799 was introduced which proposed Gold and Silver US Marshals Commemorative Coins for 2014.  The requirements for the gold coin were very atypical for a commemorative coin. The gold coins would contain one ounce of gold and have a face value of only $5. The coins would be struck in high relief and also feature edge lettering.

On June 25, 2009, S 1367 was introduced which seeks to provide fair treatment for precious metals investors. The bill would amend a portion of the Internal Revenue Code to specifically exclude precious metals from the current classifications as “collectibles” which are taxed at 28%.

On July 24, 2009, HR 3341 was introduced seeking Ronald Regan Commemorative Coins. He has been the subject of numerous coin related legislative proposals over the years. The latest seeks gold and silver commemorative coins for 2013.

On July 30, 2009, HR 3405 was introduced in the House. This is a corollary bill to S.758, which seeks Palladium Saint Gaudens Double Eagle coins.

On July 31, 2009, HR 3464 and S 1553 were introduced which seek Future Farmers Commemorative Coins. The coins would be issued for the 85th anniversary of the organization and include gold and silver commemorative coins.

View the Coin Legislation Summary for a full list of all coin related legislation introduced during 2009.