Cancel the Coin Act

S. 185 · 117th Congress · Feb 2, 2021 · Lineage

A BILL

To amend title 31, United States Code, to limit the face value of coins.

This Act may be cited as the “Cancel the Coin Act”.

Section 5112 of title 31, United States Code, is amended—

(1)

in subsection (k)—

(A)

by inserting “having such nominal, or face, values as the Secretary may determine but not in any case exceeding $200” after “platinum coins”; and

(B)

by striking “denominations,”; and

(2)

by adding at the end the following new subsection:

“(w) Limitation on face value—The Secretary may not mint or issue any coin having a nominal, or face, value exceeding $200.”