Congressman Ron Paul [R-TX] on Wednesday introduced legislation that would, if signed into law, end taxes on coins and bullion and repeal legal tender laws. The bill’s lofty goal is to reintroduce a system of competing currencies.
"At this country’s founding, there was no government controlled national currency. While the Constitution established the Congressional power of minting coins, it was not until 1792 that the US Mint was formally established," Rep. Ron Paul said.
"In the meantime, Americans made do with foreign silver and gold coins. Even after the Mint’s operations got underway, foreign coins continued to circulate within the United States, and did so for several decades.
H.R. 4248, or the Free Competition in Currency Act of 2009, includes several measures to end government controlled ...
Full Article: Coin and Bullion Tax Ban Bill Introduced - CoinNews
The Medal of Honor Commemorative Coin Act of 2009 was signed into law by President Obama in early Nov. 2006. It calls for the United States Mint to create up to 500,000 $1 silver coins and 100,000 $5 gold coins in 2011 to mark the 150th anniversary of the first Medal of Honor.
The legislation was introduced in the House by Representative Christopher Carney of Pennsylvania, who is still actively serving in the U.S. Navy Reserve. It was co-sponsored by Representative Mark Kirk of Illinois.
"We owe everything to those who wore the uniform and committed extraordinary acts of bravery in defense of their colleagues and nation," said Rep. Christopher Carney.
[click to continue…]
President Barack Obama signed today the Girl Scouts of the USA Commemorative Coin Act authorizing the minting of 350,000 silver dollar coins in honor of Girl Scouts and the achievements of the 50 million women across the nation whose lives have been influenced by Girl Scouting.
“This is a wonderful honor for Girl Scouts,” said Kathy Cloninger, Chief Executive Officer of Girl Scouts of the USA. “Congress only allows the minting of two coins a year and this is such a fitting way to honor our Movement and the million of girls and women whose lives Girl Scouting has touched. We are grateful to the President, the House and the Senate for their support.”
The bill in the House of Representatives (H.R. 621), sponsored by U.S. Rep. Jack Kingston (R-GA), easily passed by a voice vote and with more than 300 cosponsors on October 15. A companion Senate bill (S. 451), sponsored by U.S. Sen. Susan Collins (R-ME), also passed unanimously on October 19.
President Obama signed the bill at a ceremony at the White House that included Connie L. Lindsey, GSUSA National Board Chair, Laurie Westley, Senior Vice President, Public Policy, Advocacy & the Research Institute, and girls from the Girl Scout Council of the Nation’s Capital. [click to continue…]
For the second time in the same week, the U.S. Senate has unanimously passed legislation authorizing the minting of new coins by the United States Mint.
The Senate passed a bill that will create new Girl Scout Commemorative coins on Tuesday. Yesterday, October 22, 2009, the H.R. 1209 Medal of Honor Commemorative Coin Act of 2009 was given thumbs up. The U.S. House passed the same bill back on May 14th. The Act will now be forwarded to the White House in order for President Obama to sign it into law.
When introducing the bill to his chamber, Representative Christopher P. Carney (one of only two congressman who is actively serving in the military) made the following statement: [click to continue…]
Congress has just authorized legislation that instructs the United States Mint to produce up to 350,000 commemorative silver coins in 2013 to honor the Girl Scouts of the USA. The bill has been cleared for President Obama who is expected to sign it into law.
Final designs for the coin will not be known for many, many months, but Congress did dictate that it should show the normal inscriptions and contain 90% silver and 10% copper. It also requires that the coin design be emblematic of the Girl Scouts.
The legislation is known as the Girl Scouts USA Centennial Commemorative Coin Act and was passed last week by the U.S. House of Representatives. The Senate passed the same bill on Monday. [click to continue…]
Two new coin bills have been introduced in Congress this month. One was brought forward in the Senate and would allow certified coins in individual retirement accounts. Another was passed in the House that would commemorate the Girl Scouts of USA. A description of each follows.
The act, also known as H.R. 621, passed in the House by voice vote on Tuesday, Oct. 13. If it also passes in the Senate and both chambers agree on any changes, and then it gets signed by President Obama, up to 350,000 commemorative silver dollars would be minted in 2013. The coins, as the act describes, would celebrate the 100th anniversary of the founding of the Girl Scouts of the USA.
H.R. 621 was introduced by Rep. Jack Kingston who was commended by Kathy Cloninger, the Girl Scouts of the USA CEO. [click to continue…]
I find the proposed legislation, HR 3549, to strike commemorative coins to celebrate the 10th anniversary of the World Trade Center attack to be highly objectionable.
But if Congress is going to move forward with such a coin program anyway, I would suggest they make it a series much like the 50 states quarters program. We could call it the “Humiliation of America” coin series, beginning with a coin struck to celebrate the burning of the U.S. Capital and White House by the British in the War of 1812 ...
Full Article: Viewpoint: Time to Rebuild on World Trade Center Site - NumisMaster
If the U.S. House of Representatives has its way, a $5 gold piece and a silver dollar would be issued in 2012, commemorating the 198th anniversary of the writing of the National Anthem - free verse that was then, as now, sung to the tune of an old British beer ballad, "To Anacreon in Heaven."
Written in 1814 at harbor side as the British were pounding Baltimore's Fort McHenry during a 25-hour bombardment with rockets and cannons in an attempt to capture the position, author Francis Scott Key ...
Full Article: House Passes Anthem Commem Bill - NumisMaster
Congress will consider a new commemorative silver dollar remembering the 10th anniversary of the Sept. 11, 2001, terrorist attack on New York’s World Trade Center, the Pentagon and a field in Pennsylvania.
Sponsored by Rep. Jerald Nadler, D-N.Y., and 49 members of Congress who include most of the New York congressional ...
Full Article: Sept. 11 silver dollar proposed - Numismatic News
