Section 1 Short title
This Act may be cited as the “Bullion and Collectible Coin Production Efficiency and Cost Savings Act”.
Bullion and Collectible Coin Production Efficiency and Cost Savings Act
AN ACT
To amend design and content requirements for certain gold and silver coins, and for other purposes.
Sec. 2 Technical corrections
Title 31, United States Code, is amended—
in section 5112—
in subsection (q)—
by striking paragraphs (3) and (8); and
by redesignating paragraphs (4), (5), (6), and (7) as paragraphs (3), (4), (5), and (6), respectively;
in subsection (t)(6)(B), by striking “90 percent silver and 10 percent copper” and inserting “not less than 90 percent silver”; and
in subsection (v)—
in paragraph (1), by striking “Subject to” and all that follows through “the Secretary shall” and inserting “The Secretary shall”;
in paragraph (2)(A), by striking “The Secretary” and inserting “To the greatest extent possible, the Secretary”;
in paragraph (5), by inserting after “may issue” the following: “collectible versions of”; and
by striking paragraph (8); and
in section 5132(a)(2)(B)(i), by striking “90 percent silver and 10 percent copper” and inserting “not less than 90 percent silver”.
Sec. 3 American Eagle Silver Bullion 30th Anniversary
Proof and uncirculated versions of coins issued by the Secretary of the Treasury pursuant to subsection (e) of section 5112 of title 31, United States Code, during calendar year 2016 shall have a smooth edge incused with a designation that notes the 30th anniversary of the first issue of coins under such subsection.