CoinTrapTM Commentary: My kids know more about President Lincoln than perhaps any other president of the United States. For good reason--Lincoln stands as a transformative figure in time. He held together the mantle of authority, and despite awful conflict, gave America hope for the future that all could eventually be made equal under the law. On the reverse side of the Abraham Lincoln coin, the last forty-three words of the Gettysburg Address are inscribed, an address that ranks among the most quoted of all history. It was delivered on the afternoon of Thursday, November 19, 1863, even while the American Civil War raged on. A laurel wreath encircles the forty-three words, and Lincolnís signature is located underneath the wreath. People from around the world will forever recognize the unmatched contribution made by Mr. Abraham Lincoln to the upholding of the most worthy values and the reuniting of America.
Coin Value: What is the value of your Abraham Lincoln Commemorative Silver Dollar coin? It depends. (Say it isnít so.) The Abraham Lincoln Silver Dollar coin worth or value depends on these main factors: (1) your coinís grade, (2) whether it is a proof coin (Deep Cameo or DCAM) having a mirror-like polished finish, and (3) scarcity/demand. Regarding your coinís grade, it has become a standard in the field of numismatics (coin collecting) to grade coins on a point-scale from 1 (poor) to 70 (perfect). Click here
to find the up-to-date estimated value of your Abraham Lincoln Commemorative Silver Dollar coin from the Professional Coin Grading Service (PCGS®), which takes all three factors mentioned above into account*. If you do not know the grade of your Abraham Lincoln Commemorative Silver Dollar coin, you can take it to your local coin dealer and ask that they have it graded at one of the three major coin grading services.
[[Page 120 STAT. 1215]]
Public Law 109-285
To require the Secretary of the Treasury to mint coins in commemoration
of the bicentennial of the birth of Abraham Lincoln. <<NOTE: Sept. 27,
2006 - [H.R. 2808]>>
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, <<NOTE: Abraham Lincoln
Commemorative Coin Act. 31 USC 5112 note.>>
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Abraham Lincoln Commemorative Coin
SEC. 2. FINDINGS.
The Congress finds as follows:
(1) Abraham Lincoln, the 16th President, was one of the
Nation's greatest leaders, demonstrating true courage during the
Civil War, one of the greatest crises in the Nation's history.
(2) Born of humble roots in present-day LaRue County,
Kentucky, on February 12, 1809, Abraham Lincoln rose to the
Presidency through a combination of honesty, integrity,
intelligence, and commitment to the United States.
(3) With the belief that all men were created equal, Abraham
Lincoln led the effort to free all slaves in the United States.
(4) Abraham Lincoln had a generous heart, with malice toward
none and with charity for all.
(5) Abraham Lincoln gave the ultimate sacrifice for his
country, dying from an assassin's bullet on April 15, 1865.
(6) The year 2009 will be the bicentennial anniversary of
the birth of Abraham Lincoln.
(7) The Abraham Lincoln Bicentennial Commission has been
charged by Congress with planning the celebration of Lincoln's
(8) The proceeds from a commemorative coin will help fund
the celebration and the continued study of the life of Lincoln.
SEC. 3. COIN SPECIFICATIONS.
(a) $1 Silver Coins.--The Secretary of the Treasury (hereafter in
this Act referred to as the ``Secretary'') shall mint and issue not more
than 500,000 $1 coins, which shall--
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches; and
(3) contain 90 percent silver and 10 percent copper.
(b) Legal Tender.--The coins minted under this Act shall be legal
tender, as provided in section 5103 of title 31, United States Code.
[[Page 120 STAT. 1216]]
(c) Numismatic Items.--All coins minted under this Act shall be
considered to be numismatic items.
SEC. 4. DESIGN OF COINS.
(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall be emblematic of the life and legacy of President
(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 ``2009''; and
(C) inscriptions of the words ``Liberty'', ``In God
We Trust'', ``United States of America'', and ``E
(b) Selection.--The design for the coins minted under this Act shall
(1) selected by the Secretary after consultation with the
Commission of Fine Arts and the Abraham Lincoln Bicentennial
(2) reviewed by the Citizens Coinage Advisory Committee.
SEC. 5. ISSUANCE OF COINS.
(a) Quality of Coins.--Coins minted under this Act shall be issued
in uncirculated and proof qualities.
(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
(c) Period for Issuance.--The Secretary may issue coins minted under
this Act only during the 1-year period beginning on January 1, 2009.
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--
(1) the face value of the coins;
(2) the surcharge provided in section 7(a) with respect to
such coins; and
(3) the cost of designing and issuing the coins (including
labor, materials, dies, use of machinery, overhead expenses,
marketing, and shipping).
(b) Bulk Sales.--The Secretary shall make bulk sales of the coins
issued under this Act at a reasonable discount.
(c) Prepaid Orders.--
(1) In general.--The Secretary shall accept prepaid orders
for the coins minted under this Act before the issuance of such
(2) Discount.--Sale prices with respect to prepaid orders
under paragraph (1) shall be at a reasonable discount.
SEC. 7. SURCHARGES.
(a) In General.--All sales of coins issued under this Act shall
include a surcharge of $10 per coin.
(b) Distribution.--Subject to section 5134(f)(1), 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 Abraham Lincoln Bicentennial Commission to further the work of the
[[Page 120 STAT. 1217]]
(c) Audits.--The Abraham Lincoln Bicentennial Commission shall be
subject to the audit requirements of section 5134(f)(2) of title 31,
United States Code.
(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
Approved September 27, 2006.
LEGISLATIVE HISTORY--H.R. 2808 (S. 811):
CONGRESSIONAL RECORD, Vol. 152 (2006):
Sept. 6, considered and passed House.
Sept. 8, considered and passed Senate.