S.19.3-20: Southern Governor PMS Act (Passed)
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  S.19.3-20: Southern Governor PMS Act (Passed)
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Author Topic: S.19.3-20: Southern Governor PMS Act (Passed)  (Read 1060 times)
Deep Dixieland Senator, Muad'dib (OSR MSR)
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« on: September 06, 2019, 10:13:49 AM »
« edited: September 16, 2019, 03:02:41 AM by Southern Speaker Muaddib »

Quote
Section I: Title
This shall be known as the Southern Governor Precious Metal Series Act or the Southern Governor PMS Act

Section II: Eligibility
2.1) Former Governors of Southern Region are to have Tokens minted by the Southern Region.
2.3) Governors will be eligible once their administration ends.
2.4) Governor equivalents elected prior to the establishment of the Southern Region are ineligible.

Section III: Designs
3.1) Designs shall contain southern symbols. Non-southern or Federal symbols shall not be depicted.
3.2) The obverse shall have the profile of the Governor being honored. The flags of the State (of the Governor's registration) and Southern Region shall be depicted fluttering behind the Governor. The name, Governor's number and party affiliation shall also be depicted.
3.3) The reverse shall contain the contain the following Southern symbols:
    a) Southern Regional Flower (Cherokee Rose)
    b) Southern Regional Animal (Golden Retriever)
    c) The Flag of the South
    d) The Southern Regional Motto
3.4) Tokens shall be minted in silver.

Section IV: General Governance
4.1) Proceeds from the tokens will be added to the treasury as general revenue.
4.2) Tokens will be sold at the 20% above the cost of production or at the market rate of silver (which ever is higher).
4.3) Mint runs will be no less than 5,000 tokens per president.
4.4) Tokens are not legal tender in Atlasia.

Sponsor: Delegate Muaddib
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Deep Dixieland Senator, Muad'dib (OSR MSR)
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« Reply #1 on: September 06, 2019, 10:25:14 AM »

This bill is to create memorabilia for all southern patriots to commemorate the leaders of our great region. Our former Governors will now have the opportunity to be honored with this precious metal series of tokens.

I hope my fellow delegates will embrace the spirit of this bill.
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Saint Milei
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« Reply #2 on: September 06, 2019, 05:40:57 PM »

I don't see the benefit in this bill specifically but I like the idea behind it. What's the cost for the minting?


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Deep Dixieland Senator, Muad'dib (OSR MSR)
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« Reply #3 on: September 06, 2019, 09:13:02 PM »

I don't see the benefit in this bill specifically but I like the idea behind it. What's the cost for the minting?

My Previous bill of this kind had some of this information.

A 3d hand sculpted die costs an average of $750-$1250 per die. A 3d plaster portrait die costs an average of $1750 - $1950 per die. Remember: 2 dies are required to produce a coin!

Sculpted dies allow for much greater detail... They may also be used for very intricate or highly detailed designs. Sculpted dies cost $1,500+

Life span of a die
...average dies for mirror finish medallions can stamp about 10,000 pieces before they start to wear out, and dies for frosted or antiqued finish medallions can stamp about 35,000 pieces before showing signs of wear.

The die for the Reverse side would be used for the other Governor tokens.
Then the cost of the materials would be either from the existing precious metals reserve from the TMTH FAPOSE Act or bought off the market.

So a lot of these figures as a ball park as it depends on what the finish is, style of die etc.

For the last bill regarding tokens the market rate of silver was about $15/oz. At time of posting the current price about $18.30/oz. So some maths for a guide to the cost.

Using 1/2oz tokens for a mint run of 5,000. That about $45,750 ball park figure per Governor.
Plus assuming $1,500 per die.

The Southern Region has 8 eligible Southern Governor's.
1. PiT
2. D.F.W. Libertylover (aka Doof) (1st Administration)
3. Diptheriadan
4. Never Again
5. Leinad
6. Doof (2nd Administration)
7. Diptheriadan
8. FairBol
9. Tmthforu94

So this makes a run for all eight individuals about $390,000 ($438,750 if Doof is minted for both his terms as 2nd & 6th). The Alternative is to make 1/4 ounce tokens and almost half the price (still need to make the dies)
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Deep Dixieland Senator, Muad'dib (OSR MSR)
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« Reply #4 on: September 10, 2019, 03:33:10 AM »

Do any any of my esteemed colleagues of this chamber have any other thoughts on this bill?
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President Punxsutawney Phil
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« Reply #5 on: September 10, 2019, 03:47:22 AM »

I don't see any reason to oppose it.
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Deep Dixieland Senator, Muad'dib (OSR MSR)
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« Reply #6 on: September 11, 2019, 02:36:43 AM »

I motion for a final vote.
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Elcaspar
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« Reply #7 on: September 12, 2019, 09:43:50 AM »

I second the motion for a vote.
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President Punxsutawney Phil
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« Reply #8 on: September 13, 2019, 12:48:14 AM »

Final vote. 48 hours.
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President Punxsutawney Phil
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« Reply #9 on: September 13, 2019, 12:49:35 AM »

Aye
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Saint Milei
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« Reply #10 on: September 13, 2019, 01:06:33 AM »

abstain
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Deep Dixieland Senator, Muad'dib (OSR MSR)
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« Reply #11 on: September 13, 2019, 02:33:56 AM »

Aye
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reagente
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« Reply #12 on: September 13, 2019, 10:52:52 AM »

abstain
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Elcaspar
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« Reply #13 on: September 13, 2019, 06:21:17 PM »

Aye
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#TheShadowyAbyss
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« Reply #14 on: September 13, 2019, 08:13:06 PM »

Abstain
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Deep Dixieland Senator, Muad'dib (OSR MSR)
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« Reply #15 on: September 16, 2019, 02:27:33 AM »

Voting has closed

S.19.3-20: Southern Governor PMS Act passes.

Final Vote tally:
[ 3 ] Aye
[ 0 ] Nay
[ 3 ] Abstain
[ 1 ] Absent (John Henry Eden)
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