Cancel the Coin Act
This bill prohibits the Department of the Treasury from minting or issuing any coin, including platinum bullion coins and proof platinum coins, having a nominal or face value exceeding $200.
To amend title 31, United States Code, to limit the face value of 
                                 coins.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Cancel the Coin Act''.

SEC. 2. LIMITATION ON FACE VALUE OF COINS.

    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:
    ``(bb) Limitation on Face Value.--The Secretary may not mint or 
issue any coin having a nominal, or face, value exceeding $200.''.
                                 <all>
Cancel the Coin Act
To amend title 31, United States Code, to limit the face value of coins.
Cancel the Coin Act
Rep. Timmons, William R. IV