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house Bill H.R. 1698

Setting Requirements for the Content of Collectible Coins

Argument in favor

Repealing the Treasury’s ability to modify the content of quarters and collectible coins will help protect investors, and ensure uniformity in circulated coins.

ReaganRules's Opinion
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12/10/2016
As a member of family that loves coin collecting. Anything raises the quality of coins and protects them more should be implemented.
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Allen's Opinion
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01/29/2016
Ending the requirement for 10% copper, a metal that is better used in electric infrastructure and electronics manufacture? Sure, why not?
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John's Opinion
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06/30/2015
If this reduces costs, then do it. We need to cut costs whenever possible.
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Argument opposed

The Treasury has a better handle on the costs associated with minting these coins than anyone else and should have the ability to make modifications as they see fit.

Michael 's Opinion
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09/06/2015
Money is a means of commerce. Not a collectable.
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John's Opinion
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07/07/2015
Collectors can set their own requirements.
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John's Opinion
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06/14/2016
With everything that's going on in the world this is what the house and senate feel is important? Your all a bunch of clowns
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What is House Bill H.R. 1698?

This bill would repeal the Secretary of the Treasury's authority to change the design of certain gold bullion coins and the requirements for the protective covering of those coins.

Requirements for the copper content of investment-grade quarter dollar coins would also be repealed, and their silver content would be required to be at least 90 percent. Under current law, they are required to be 90 percent silver and 10 percent cooper.

It also makes technical revisions to the requirements for palladium bullion investment coins. Coin collectors, rejoice 👯

Impact

People who purchase bullion and collectible coins, the Treasury Department, Congress, the Secretary of the Treasury.

Cost of House Bill H.R. 1698

A CBO cost estimate is unavailable.

More Information

In-Depth: Each year, the U.S. Mint releases five investment-grade silver quarter dollars featuring a scene from the National Site Register in each American state and territory.

A U.S. Mint market study found that insufficient demand has made the palladium bullion coin unprofitable for the federal government. 


Media:

Summary by Eric Revell
(Photo Credit: Flickr user "Caveman Chuck" Coker)

AKA

Bullion and Collectible Coin Production Efficiency and Cost Savings Act

Official Title

To amend design and content requirements for certain gold and silver coins, and for other purposes.

bill Progress

  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed June 23rd, 2015
    Passed by Voice Vote
      house Committees
      Committee on Financial Services
    IntroducedMarch 26th, 2015
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