Cancel the Coin Act

This bill sets a $200 maximum face value for new U.S. coins minted by the Treasury Department. It prohibits the Federal Reserve from accepting or depositing any coin exceeding this value, directly affecting the Treasury's coin-minting authority and Federal Reserve operations. The key provision amends U.S. Code to ban coins with face values above $200, specifically targeting high-denomination commemorative coins like platinum eagles. It does not affect existing coins or everyday currency, focusing solely on future coin production and handling rules. The bill is procedural in nature, altering technical minting and banking procedures without broader economic impact.