31 U.S.C. § 5112
This paragraph does not apply with respect to business operations conducted by any entity under a contract with an agency or instrumentality of the United States, including with any nonappropriated fund instrumentality established under title 10.
1So in original. Probably should be "sections".
2So in original. The comma probably should not appear.
3So in original.
4So in original. Probably should be "this subsection".
31 U.S.C. § 5112
| HISTORICAL AND REVISION NOTES 1982 ACT | ||
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
| 5112(a) | 31:317(a)(1st, last sentences). | R.S. §3515(a); Sept. 26, 1890, ch. 945, §1, 26 Stat. 485; Sept. 5, 1962, Pub. L. 87-643, §1, 76 Stat. 440; Oct. 11, 1974, Pub. L. 93-441, §1, 88 Stat. 1261. |
| 31:391(c). | July 23, 1965, Pub. L. 89-81, §101(c), 79 Stat. 255; restated Dec. 31, 1970, Pub. L. 91-607, §201, 84 Stat. 1768; Oct. 10, 1978, Pub. L. 95-447, §2, 92 Stat. 1072. | |
| 5112(b) | 31:317(a)(2d, 3d sentences). | |
| 31:346. | R.S. §3533; June 14, 1947, ch. 104, §1, 61 Stat. 132. | |
| 31:391(b). | July 23, 1965, Pub. L. 89-81, §101(b), (d), 79 Stat. 254; restated Dec. 31, 1970, Pub. L. 91-607, §201, 84 Stat. 1768. | |
| 31:398(1)-(4), (6). | July 23, 1965, Pub. L. 89-81, §108(1)-(4), (6), 79 Stat. 255. | |
| 5112(c) | 31:317(b). | R.S. §3515(b); added Oct. 11, 1974, Pub. L. 93-441, §1, 88 Stat. 1261. |
| 5112(d)(1) | 31:324. | R.S. §3517; Mar. 3, 1887, ch. 396, §3, 24 Stat. 635; Sept. 26, 1890, ch. 945, §1, 26 Stat. 485; May 18, 1908, ch. 173, 35 Stat. 164; restated July 23, 1965, Pub. L. 89-81, §204(a), 79 Stat. 256; Dec. 31, 1970, Pub. L. 91-607, §206, 84 Stat. 1769. |
| 31:324b-1. | Oct. 10, 1978, Pub. L. 95-447, §3, 92 Stat. 1072. | |
| 5112(d)(2) | 31:276. | R.S. §3510; restated Sept. 26, 1890, ch. 944, 26 Stat. 484. |
| 5112(e) | 31:324b. | Dec. 31, 1970, Pub. L. 91-607, §203, 84 Stat. 1769; Oct. 10, 1978, Pub. L. 95-447, §4, 92 Stat. 1072. |
| 31:324c. | Dec. 31, 1970, Pub. L. 91-607, §209, 84 Stat. 1769. | |
| 31:391(d). | ||
| 31:398(3), (4). | ||
| 5112(f) | 31:321. | R.S. §3514; Jan. 30, 1934, ch. 6, §5, 48 Stat. 340. |
| 31:399. | July 23, 1965, Pub. L. 89-81, 79 Stat. 254, §109; added Dec. 23, 1981, Pub. L. 97-104, §2, 95 Stat. 1491. | |
1983 ACTThis amends 31:5112(f)(1) to make technical and conforming changes.
EDITORIAL NOTES
REFERENCES IN TEXTThe date of enactment of the United States $1 Coin Act of 1997, referred to in subsec. (b), is the date of enactment of Pub. L. 105-124 which was approved Dec. 1, 1997.The Strategic and Critical Materials Stock Piling Act, referred to in subsec. (l)(6)(C), is act June 7, 1939, ch. 190, as revised generally by Pub. L. 96-41, §2, July 30, 1979, 93 Stat. 319, which is classified generally to subchapter III (§98 et seq.) of chapter 5 of Title 50, War and National Defense. For complete classification of this Act to the Code, see section 98 of Title 50 and Tables.This Act, referred to in subsec. (o)(6), probably means Pub. L. 109-145, 119 Stat. 2664, known as the Presidential $1 Coin Act of 2005, which amended this section and enacted provisions set out as notes under this section. For complete classification of this Act to the Code, see Short Title of 2005 Amendment note set out under section 5101 of this title and Tables. The date of enactment of the Presidential $1 Coin Act of 2005, referred to in subsec. (q)(1), is the date of enactment of Pub. L. 109-145 which was approved Dec. 22, 2005.The date of the enactment of the Native American $1 Coin Act, referred to in subsec. (r)(1)(B), is the date of enactment of Pub. L. 110-82 which was approved Sept. 20, 2007.Section 3 of the Federal Deposit Insurance Act, referred to in subsec. (t)(1)(C), is classified to section 1813 of Title 12, Banks and Banking.The date of the enactment of the America's Beautiful National Parks Quarter Dollar Coin Act of 2008, referred to in subsec. (t)(3)(A)(ii), is the date of enactment of Pub. L. 110-456 which was approved Dec. 23, 2008.This Act, referred to in subsec. (z)(2)(A), probably means Pub. L. 116-330, 134 Stat. 5101, section 4 of which enacted subsec. (z) of this section. The term "Paralympic" does not appear in Pub. L. 116-330 outside the enacted text of subsec. (z).
AMENDMENTS2021-Subsec. (u). Pub. L. 116-330, §5, added subsec. (u) and struck out former subsec. (u) which related to silver bullion investment product, specifying bullion coins that are likenesses of the quarter dollars issued under subsection (t), their availability for sale, and distribution.Subsec. (x). Pub. L. 116-330, §2, added subsec. (x).Subsec. (y). Pub. L. 116-330, §3, added subsec. (y).Subsec. (z). Pub. L. 116-330, §4, added subsec. (z).Subsec. (aa). Pub. L. 116-330, §6, added subsec. (aa). 2018-Subsec. (p)(1). Pub. L. 115-232 struck out ",United States Code" after "title 10" in introductory and concluding provisions.Subsec. (w). Pub. L. 115-197 added subsec. (w).2017-Subsec. (p)(1). Pub. L. 115-91, §885(a), (b), in introductory provisions, inserted "and" before "all transit systems" and struck out "and all entities that operate any business, including vending machines, on any premises owned by the United States or under the control of any agency or instrumentality of the United States, including the legislative and judicial branches of the Federal Government," after "Mass Transit Account," and inserted concluding provisions.Subsec. (p)(1)(B). Pub. L. 115-91, §885(c), substituted "display" for "displays".2015-Subsec. (q)(3) to (8). Pub. L. 114-94, §73001(1)(A), redesignated pars. (4) to (7) as (3) to (6), respectively, and struck out former pars. (3) and (8), which related to subsequent designs and protective covering, respectively. Subsec. (t)(6)(B). Pub. L. 114-94, §73001(1)(B), substituted "not less than 90 percent silver" for "90 percent silver and 10 percent copper".Subsec. (v)(1). Pub. L. 114-94, §73001(1)(C)(i), substituted "The Secretary shall" for "Subject to the submission to the Secretary and the Congress of a marketing study described in paragraph (8), beginning not more than 1 year after the submission of the study to the Secretary and the Congress, the Secretary shall". Subsec. (v)(2)(A). Pub. L. 114-94, §73001(1)(C)(ii), substituted "To the greatest extent possible, the Secretary" for "The Secretary". Subsec. (v)(5). Pub. L. 114-94, §73001(1)(C)(iii), inserted "collectible versions of" after "may issue".Subsec. (v)(8). Pub. L. 114-94, §73001(1)(C)(iv), struck out par. (8). Text read as follows: "The market study described in paragraph (1) means an analysis of the market for palladium bullion investments conducted by a reputable, independent third party that demonstrates that there would be adequate demand for palladium bullion coins produced by the United States Mint to ensure that such coins could be minted and issued at no net cost to taxpayers." 2010-Subsec. (a)(12). Pub. L. 111-303, §2(1), added par. (12).Subsec. (e). Pub. L. 111-302, §4, substituted "qualities and quantities that the Secretary determines are" for "quantities" in introductory provisions.Subsec. (i). Pub. L. 111-302, §4, which directed amendment of subsec. (i) by substituting "qualities and quantities that the Secretary determines are" for "quantities", was executed by making the substitution in introductory provisions of par. (1) to reflect the probable intent of Congress.Subsec. (u)(1). Pub. L. 111-302, §5(1), substituted "likenesses" for "exact duplicates" in introductory provisions.Subsec. (u)(1)(A). Pub. L. 111-302, §5(4), substituted "determined by the Secretary that is no less than 2.5 inches and no greater than 3.0 inches" for "of 3.0 inches".Subsec. (u)(1)(C) to (E). Pub. L. 111-302, §5(2), (3), redesignated subpars. (D) and (E) as (C) and (D), respectively, and struck out former subpar. (C) which read as follows: "have incused into the edge the fineness and weight of the bullion coin;".Subsec. (v). Pub. L. 111-303, §2(2), added subsec. (v).2009-Subsecs. (r), (s). Pub. L. 111-8 redesignated subsec. (r) relating to the redesign and issuance of circulating quarter dollar honoring the District of Columbia and territories as (s) and substituted "paragraph (3)" for "paragraph (4)" in subpars. (A) and (B) of par. (5).2008-Subsec. (t). Pub. L. 110-456, §102, added subsec. (t).Subsec. (u). Pub. L. 110-456, §201, added subsec. (u).2007-Subsec. (n)(1). Pub. L. 110-82, §3, redesignated cls. (i) and (ii) of subpar. (A) as subpars. (A) and (B), respectively, struck out heading and designation of former subpar. (A), and struck out former subpar. (B), which related to continuity provisions concerning the "'Sacagawea-design' $1 coins".Subsec. (n)(2)(C)(i). Pub. L. 110-161, §623(a)(1)(A), substituted "and the inscription" for "and the inscriptions" and struck out "and 'In God We Trust'" before "shall be edge-incused".Subsec. (n)(2)(F). Pub. L. 110-161, §623(a)(2), added subpar. (F).Subsec. (p)(1)(A). Pub. L. 110-147 amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: "any business operations conducted by any such agency, instrumentality, system, or entity that involve coins or currency will be fully capable of accepting and dispensing $1 coins in connection with such operations; and".Subsec. (r). Pub. L. 110-161, §622, added subsec. (r) relating to the redesign and issuance of circulating quarter dollar honoring the District of Columbia and territories. Pub. L. 110-82, §2, added subsec. (r) relating to the redesign and issuance of circulating $1 coins honoring Native Americans. Subsec. (r)(2). Pub. L. 110-161, §623(b), substituted "and the inscription" for "and the inscriptions" and struck out "and 'In God We Trust'" before "shall be edge-incused" in subpar. (C)(i), and added subpar (E). 2005-Subsec. (a)(11). Pub. L. 109-145, §201(1), added par. (11).Subsec. (n). Pub. L. 109-145, §102, added subsec. (n).Subsec. (o). Pub. L. 109-145, §103, added subsec. (o).Subsec. (p). Pub. L. 109-145, §104, added subsec. (p).Subsec. (q). Pub. L. 109-145, §201(2), added subsec. (q). 2003-Subsec. (d)(1). Pub. L. 108-15, §102(a), inserted after fourth sentence "Subject to other provisions of this subsection, the obverse of any 5-cent coin issued after December 31, 2005, shall bear the likeness of Thomas Jefferson and the reverse of any such 5-cent coin shall bear an image of the home of Thomas Jefferson at Monticello." Subsec. (d)(2). Pub. L. 108-15, §102(b), inserted ",after consulting with the Citizens Coinage Advisory Committee and the Commission of Fine Arts," after "The Secretary may" in second sentence. Subsec. (l)(4)(A)(ii). Pub. L. 108-15, §103(d)(1), substituted "Citizens Coinage Advisory Committee" for "Citizens Commemorative Coin Advisory Committee".2000-Subsec. (k). Pub. L. 106-445 substituted "platinum bullion coins" for "bullion". 1998-Subsec. (l)(1)(C). Pub. L. 105-176 added subpar. (C).1997-Subsec. (a)(1). Pub. L. 105-124, §4(b), struck out "and weighs 8.1 grams" after "diameter". Subsec. (b). Pub. L. 105-124, §4(c), struck out "dollar," before "half dollar" in first sentence and inserted after fourth sentence "The dollar coin shall be golden in color, have a distinctive edge, have tactile and visual features that make the denomination of the coin readily discernible, be minted and fabricated in the United States, and have similar metallic, anti-counterfeiting properties as United States coinage in circulation on the date of enactment of the United States $1 Coin Act of 1997." Subsec. (d)(1). Pub. L. 105-124, §4(d), substituted "The Secretary of the Treasury, in consultation with the Congress, shall select appropriate designs for the obverse and reverse sides of the dollar coin." for "The eagle on the reverse side of the dollar is the symbolic eagle of Apollo 11 landing on the moon. The obverse side of the dollar has the likeness of Susan B. Anthony."Subsec. (l). Pub. L. 105-124, §3, added subsec. (l).1996-Subsec. (i)(4)(C). Pub. L. 104-208, §101(f) [title V, §523], added subpar. (C). Subsec. (k). Pub. L. 104-208, §101(f) [title V, §524], added subsec. (k). Subsec. (m). Pub. L. 104-208, §101(f) [title V, §529(a)], added subsec. (m). 1994-Subsec. (h). Pub. L. 103-272 substituted "section 5103 of this title" for "section 5103 of title 31, United States Code".1992-Subsec. (d)(1). Pub. L. 102-390, §226(a), inserted "shall" before "have" in first sentence and substituted "coin shall have" for "coin has" in second and third sentences. Subsec. (i)(4). Pub. L. 102-390, §228, added par. (4). Subsec. (j). Pub. L. 102-390, §227, added subsec. (j). 1988-Subsec. (b). Pub. L. 100-274, §4(a), inserted before last sentence "In minting gold coins, the Secretary shall use alloys that vary not more than 0.1 percent from the percent of gold required."Subsec. (f). Pub. L. 100-274, §6, inserted heading and amended subsec. (f) generally. Prior to amendment, subsec. (f) read as follows: "The Secretary shall sell the coins minted under subsection (e) to the public at a price equal to the market value of the bullion at the time of sale, plus the cost of minting, marketing, and distributing such coins (including labor, materials, dyes, use of machinery, and overhead expenses)." 1985-Subsec. (a)(7) to (10). Pub. L. 99-185, §2(a), added pars. (7) to (10).Subsec. (e). Pub. L. 99-61 added subsec. (e). Former subsec. (e), providing for the minting of 150,000,000 silver and copper alloy dollar coins bearing the likeness of Dwight David Eisenhower, was struck out.Subsec. (f). Pub. L. 99-61 added subsec. (f). Former subsec. (f), providing for the minting of up to 10,000,000 silver and copper alloy half-dollar coins symbolizing the 250th anniversary of the birth of George Washington, was struck out. Subsecs. (g), (h). Pub. L. 99-61 added subsecs. (g) and (h). Subsec. (i). Pub. L. 99-185, §2(b), added subsec. (i). 1983-Subsec. (f)(1). Pub. L. 97-452, §1(20)(A), inserted a comma after "10,000,000)" in introductory text. Subsec. (f)(1)(C). Pub. L. 97-452, §1(20)(B), substituted "250th" for "two hundred and fiftieth".
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATE OF 2007 AMENDMENT Pub. L. 110-161, div. D, title VI, §623(c), Dec. 26, 2007, 121 Stat. 2018, provided that: "The change required by the amendments made by subsections (a) and (b) [amending this section] shall be put into effect by the Secretary of the Treasury as soon as is practicable after the date of enactment of this Act [Dec. 26, 2007]."
EFFECTIVE DATE OF 1996 AMENDMENT Pub. L. 104-208, div. A, title I, §101(f) [title V, §529(e)], Sept. 30, 1996, 110 Stat. 3009-314, 3009-353, provided that: "This section [amending this section and sections 5134 and 5135 of this title, enacting provisions set out as a note under section 5134 of this title, and amending provisions set out as a note under this section] and the amendments made by this section shall take effect on the date of enactment of this Act [Sept. 30, 1996]."
EFFECTIVE DATE OF 1985 AMENDMENTS Pub. L. 99-185, §3, Dec. 17, 1985, 99 Stat. 1179, provided that: "This Act [amending this section and sections 5116, 5118, and 5132 of this title and enacting provisions set out as notes under this section] shall take effect on October 1, 1985, except that no coins may be issued or sold under section 5112(i) of title 31, United States Code, before October 1, 1986." Pub. L. 99-61, title II, §205, July 9, 1985, 99 Stat. 117, provided that: "This title [amending this section and sections 5116 and 5132 of this title and enacting provisions set out as a note under this section] shall take effect on October 1, 1985, except that no coins may be issued or sold under subsection (e) of section 5112 of title 31, United States Code, before September 1, 1986, or before the date on which all coins minted under title I of this Act [set out as a note below] have been sold, whichever is earlier."
SHORT TITLE OF 1985 AMENDMENTSPub. L. 99-185, §1, Dec. 17, 1985, 99 Stat. 1177, provided that: "This Act [amending this section and sections 5116, 5118, and 5132 of this title and enacting provisions set out as notes under this section] may be cited as the 'Gold Bullion Coin Act of 1985'."Pub. L. 99-61, title II, §201, July 9, 1985, 99 Stat. 115, provided that: "This title [amending this section and sections 5116 and 5132 of this title and enacting provisions set out as a note under this section] may be cited as the 'Liberty Coin Act'."
SAVINGS PROVISION Pub. L. 110-192, 122 Stat. 648, provided: "That clause (i) of section 5112(n)(1)(B) of title 31, United States Code (as in effect on the day before the date of the enactment of Public Law 110-82 [Sept. 20, 2007]) shall continue in effect, notwithstanding the amendment made by section 3 of Public Law 110-82[amending this section], until the effective date of the amendment made by section 2 of such Public Law [amending this section]."
RULE OF CONSTRUCTION Pub. L. 105-124, §5, Dec. 1, 1997, 111 Stat. 2537, provided that: "Nothing in this Act [see Short Title of 1997 Amendment note set out under section 5101 of this title] or the amendments made by this Act shall be construed to evidence any intention to eliminate or to limit the printing or circulation of United States currency in the $1 denomination."
COST SPECIFICATION UNDER CIRCULATING COLLECTIBLE COIN REDESIGN ACT OF 2020 Pub. L. 116-330, §8, Jan. 13, 2021, 134 Stat. 5108, provided that: "No coin or medal minted and issued under this Act [amending this section and enacting provisions set out as a note under section 5101 of this title], or an amendment made by this Act, may be sold at a price such that would result in a net cost to the Federal Government."
1921 SILVER DOLLAR COINS Pub. L. 116-286, 134 Stat. 4879, provided that:
"SECTION 1. SHORT TITLE."This Act may be cited as the '1921 Silver Dollar Coin Anniversary Act'.
"SEC. 2. FINDINGS."The Congress finds that [sic] following:"(1) In December 1921, the Peace silver dollar was approved by Treasury Secretary Andrew Mellon, replacing the Morgan silver dollar and commemorating the declaration of peace between the United States and the Imperial German government."(2) The Peace silver dollar was minted in Philadelphia, Denver and San Francisco. The Morgan silver dollar was minted at Philadelphia, Denver, San Francisco, Carson City, and New Orleans."(3) The Peace silver dollar was designed by Anthony de Francisci with the Goddess of Liberty on the obverse and a bald eagle clutching the olive branch (a symbol of peace) on the reverse. The Peace silver dollars were minted between 1921 to 1935."(4) The Morgan silver dollar was designed by George T. Morgan and was minted from 1878 to 1904, and again in 1921. The obverse depicts a profile portrait of Lady Liberty and on the reverse, a heraldic eagle."(5) The conversion from the Morgan silver dollar to the Peace silver dollar design in 1921 reflected a pivotal moment in American history. The Morgan silver dollar represents the country's westward expansion and industrial development in the late 19th century. The Peace silver dollar symbolizes the country's coming of age as an international power while recognizing the sacrifices made by her citizens in World War I and celebrating the victory and peace that ensued."(6) These iconic silver dollars with vastly different representations of Lady Liberty and the American Eagle, reflect a changing of the guard in 1921 in the United States and therefore on the 100th anniversary must begin to be minted again to commemorate this significant evolution of American freedom.
"SEC. 3. COIN SPECIFICATIONS."(a) $1 SILVER COINS.-The Secretary of the Treasury (hereafter in this Act referred to as the 'Secretary') shall mint and issue $1 coins in recognition of the 100th anniversary of completion of coinage of the Morgan dollar and the 100th anniversary of commencement of coinage of the Peace dollar, each of which shall-"(1) weigh 26.73 grams;"(2) have a diameter of 1.500 inches;"(3) contain not less than 90 percent silver; and"(4) have a reeded edge. "(b) LEGAL TENDER.-The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code. "(c) NUMISMATIC ITEMS.-For purposes of sections 5134 and 5136 of title 31, United States Code, all coins minted under this Act shall be considered to be numismatic items.
"SEC. 4. DESIGN OF COINS."(a) DESIGN REQUIREMENTS.-"(1) IN GENERAL.-The designs of the coins minted under this Act shall honor either the Morgan dollar or the Peace dollar, as follows-"(A) MORGAN DOLLAR.-The coins honoring the 100th anniversary of completion of coinage of the Morgan dollar shall have an obverse design and a reverse design that are renditions of the designs historically used on the obverse and reverse of the Morgan dollar."(B) PEACE DOLLAR.-The coins honoring the 100th anniversary of commencement of coinage of the Peace dollar shall have an obverse design and a reverse design that are renditions of the designs historically used on the obverse and reverse of the Peace dollar."(2) DESIGNATION AND INSCRIPTIONS.-On each coin minted under this Act, there shall be-"(A) a designation of the value of the coin;"(B) an inscription of the year of minting or issuance; and"(C) inscriptions of the words 'Liberty', 'In God We Trust', 'United States of America', and 'E Pluribus Unum'."(b) SELECTION.-The design for the coins minted under this Act shall be-"(1) selected by the Secretary after consultation with the Commission of Fine Arts; and"(2) reviewed by the Citizens Coinage Advisory Committee.
"SEC. 5. ISSUANCE OF COINS."The Secretary may issue coins minted under this Act beginning on January 1, 2021.
"SEC. 6. SALE OF COINS."(a) SALE PRICE.-The coins issued under this Act shall be sold by the Secretary at a price equal to the sum of-"(1) the face value of the coins; and "(2) the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping)."(b) BULK SALES.-The Secretary may make bulk sales of the coins issued under this Act at a reasonable discount.
"SEC. 7. FINANCIAL ASSURANCES."The Secretary of the Treasury shall take such actions as may be necessary to ensure that the minting and issuing of coins under the Act will not result in any net cost to the United States Government.
"SEC. 8. DETERMINATION OF BUDGETARY EFFECTS."The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010 [2 U.S.C. 931 et seq.], shall be determined by reference to the latest statement titled 'Budgetary Effects of PAYGO Legislation' for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage."
PRESIDENT GEORGE H.W. BUSH AND FIRST SPOUSE BARBARA BUSH COINS Pub. L. 116-112, 134 Stat. 9, provided that:
"SECTION 1. SHORT TITLE."This Act may be cited as the 'President George H.W. Bush and First Spouse Barbara Bush Coin Act'.
"SEC. 2. COINS HONORING PRESIDENT GEORGE H.W. BUSH AND FIRST SPOUSE BARBARA BUSH."(a) CIRCULATING $1 COINS HONORING PRESIDENT GEORGE H.W. BUSH.-Notwithstanding subsections (d), (n)(2)(E), (n)(3), (n)(4), and (n)(8) of section 5112 of title 31, United States Code, in addition to the coins to be issued under subsections (r) and (w) of such section 5112, and in accordance with the other provisions of subsection (n) of such section 5112, the Secretary of the Treasury, beginning on January 1, 2020, shall mint and issue $1 coins that bear-"(1) the image of President George H.W. Bush; and"(2) an inscription of the year '2020'."(b) BULLION COINS HONORING FIRST SPOUSE BARBARA BUSH.-Notwithstanding paragraphs (1) and (5)(C) of section 5112(o) of title 31, United States Code, and in accordance with the other provisions of such section 5112(o), the Secretary of the Treasury, beginning on January 1, 2020, shall mint and issue bullion coins that bear-"(1) the image of First Spouse Barbara Bush; and"(2) an inscription of the year '2020'.
"SEC. 3. FINANCIAL ASSURANCES."The Secretary of the Treasury shall take such actions as may be necessary to ensure that the minting and issuing of coins under this Act will not result in any net cost to the United States Government."
AUTHORITY TO CONDUCT RESEARCH AND DEVELOPMENT ON ALL CIRCULATING COINS Pub. L. 111-302, §2, Dec. 14, 2010, 124 Stat. 3272, provided that:"(a) IN GENERAL.-To accomplish the goals of this Act [amending this section and enacting provisions set out as notes under this section and section 5101 of this title] and the requirements of subchapter II of chapter 51 of title 31, United States Code, the Secretary of the Treasury may-"(1) conduct any appropriate testing of appropriate coinage metallic materials within or outside of the Department of the Treasury; and"(2) solicit input from or otherwise work in conjunction with entities within or outside of the Federal Government including independent research facilities or current or potential suppliers of the metallic material used in volume production of circulating coins, to complete the report referred to in this Act [see section 3 of Pub. L. 111-302 set out as a note below] and to develop and evaluate the use of new metallic materials."(b) FACTORS TO BE CONSIDERED.-In the conduct of research, development, and the solicitation of input or work in conjunction with entities within and outside the Federal Government, and in reporting to the Congress with recommendations, as required by this Act, the Secretary of the Treasury shall consider the following:"(1) Factors relevant to the potential impact of any revisions to the composition of the material used in coin production on the current coinage material suppliers."(2) Factors relevant to the ease of use and ability to co-circulate of new coinage materials, including the effect on vending machines and commercial coin processing equipment and making certain, to the greatest extent practicable, that any new coins work without interruption in existing coin acceptance equipment without modification."(3) Such other factors that the Secretary of the Treasury, in consultation with merchants who would be affected by any change in the composition of circulating coins, vending machine and other coin acceptor manufacturers, vending machine owners and operators, transit officials, municipal parking officials, depository institutions, coin and currency handlers, armored-car operators, car wash operators, and American-owned manufacturers of commercial coin processing equipment, considers to be appropriate and in the public interest, after notice and opportunity for comment."
BIENNIAL REPORT TO THE CONGRESS ON THE CURRENT STATUS OF COIN PRODUCTION COSTS AND ANALYSIS OF ALTERNATIVE CONTENT Pub. L. 111-302, §3, Dec. 14, 2010, 124 Stat. 3273, provided that:"(a) REPORT REQUIRED.-Before the end of the 2-year period beginning on the date of the enactment of this Act [Dec. 14, 2010], and at 2-year intervals following the end of such period, the Secretary of the Treasury shall submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate analyzing production costs for each circulating coin, cost trends for such production, and possible new metallic materials or technologies for the production of circulating coins."(b) DETAILED RECOMMENDATIONS.-In preparing and submitting the reports required under subsection (a), the Secretary of the Treasury shall include detailed recommendations for any appropriate changes to the metallic content of circulating coins in such a form that the recommendations could be enacted into law as appropriate."(c) IMPROVED PRODUCTION EFFICIENCY.-In preparing and submitting the reports required under subsection (a), the Secretary of the Treasury shall include recommendations for changes in the methods of producing coins that would further reduce the costs to produce circulating coins, and include notes on the legislative changes that are necessary to achieve such goals."(d) MINIMIZING CONVERSION COSTS.-In preparing and submitting the reports required under subsection (a), the Secretary of the Treasury, to the greatest extent possible, may not include any recommendation for new specifications for producing a circulating coin that would require any significant change to coin-accepting and coin-handling equipment to accommodate changes to all circulating coins simultaneously."(e) FRAUD PREVENTION.-The reports required under this section shall make no recommendation for a specification change that would facilitate or allow the use of a coin with a lesser value produced, minted, or issued by another country, or the use of any token or other easily or regularly produced metal device of minimal value, in the place of a circulating coin produced by the Secretary."(f) RULE OF CONSTRUCTION.-No provision of this Act [amending this section and enacting provisions set out as notes under this section and section 5101 of this title] shall be construed as requiring that additional research and development be conducted for any report under this Act but any such report shall include information on any such research and development during the period covered by the report."
FINDINGS OF 2008 AMENDMENT Pub. L. 110-456, title I, §101, Dec. 23, 2008, 122 Stat. 5038, provided that: "The Congress finds as follows:"(1) Yellowstone National Park was established by an Act signed by President Ulysses S. Grant on March 1, 1872, as the Nation's first national park."(2) The summer and autumn of 1890 saw the establishment of a number of national sites: "(A) August 19: Chickamauga and Chattanooga established as national military parks in Georgia and Tennessee."(B) August 30: Antietam established as a national battlefield site in Maryland. "(C) September 25: Sequoia National Park established in California."(D) September 27: Rock Creek Park established in the District of Columbia."(E) October 1: General Grant National Park established in California (and subsequently incorporated in Kings Canyon National Park)."(F) October 1: Yosemite National Park established in California."(3) Theodore Roosevelt was this nation's 26th President and is considered by many to be our 'Conservationist President'."(4) As a frequent visitor to the West, Theodore Roosevelt witnessed the virtual destruction of some big game species and the overgrazing that destroyed the grasslands and with them the habitats for small mammals and songbirds and conservation increasingly became one of his major concerns."(5) When he became President in 1901, Roosevelt pursued this interest in conservation by establishing the first 51 Bird Reserves, 4 Game Preserves, and 150 National Forests."(6) He also established the United States Forest Service, signed into law the creation of 5 National Parks, and signed the Act for the Preservation of American Antiquities in 1906 under which he proclaimed 18 national monuments. "(7) Approximately 230,000,000 acres of area within the United States was placed under public protection by Theodore Roosevelt. "(8) Theodore Roosevelt said that nothing short of defending this country in wartime 'compares in importance with the great central task of leaving this land even a better land for our descendants than it is for us'."(9) The National Park Service was created by an Act signed by President Woodrow Wilson on August 25, 1916."(10) The National Park System comprises 391 areas covering more than 84,000,000 acres in every State (except Delaware), the District of Columbia, American Samoa, Guam, Puerto Rico, and the Virgin Islands."(11) The sites or areas within the National Park System vary widely in size and type from vast natural wilderness to birthplaces of Presidents to world heritage archaeology sites to an African burial ground memorial in Manhattan and include national parks, monuments, battlefields, military parks, historical parks, historic sites, lakeshores, seashores, recreation areas, scenic rivers and trails, and the White House."(12) In addition to the sites within the National Park System, the United States has placed numerous other types of sites under various forms of conservancy, such as the national forests and sites within the National Wildlife Refuge System and on the National Register of Historic Places."
REMOVAL OF BARRIERS TO CIRCULATION OF $1 COIN Pub. L. 110-82, §4, Sept. 20, 2007, 121 Stat. 779, provided that:"(a) IN GENERAL.-In order to remove barriers to circulation, the Secretary of the Treasury shall carry out an aggressive, cost-effective, continuing campaign to encourage commercial enterprises to accept and dispense $1 coins that have as designs on the obverse the so-called 'Sacagawea design'."(b) REPORT.-The Secretary of the Treasury shall submit to Congress an annual report on the success of the efforts described in subsection (a)."
5-CENT COINS MINTED IN 2004 AND 2005 Pub. L. 109-230, §8, June 15, 2006, 120 Stat. 393, provided that: "Notwithstanding the fifth sentence of section 5112(d)(1) of title 31, United States Code, the Secretary of the Treasury may continue to issue, after December 31, 2005, numismatic items that contain 5-cent coins minted in the years 2004 and 2005."
PRESIDENTIAL COMMEMORATIVE DOLLAR COINS; FINDINGS Pub. L. 109-145, title I, §101, Dec. 22, 2005, 119 Stat. 2664, provided that: "Congress finds the following: "(1) There are sectors of the United States economy, including public transportation, parking meters, vending machines, and low-dollar value transactions, in which the use of a $1 coin is both useful and desirable for keeping costs and prices down."(2) For a variety of reasons, the new $1 coin introduced in 2000 has not been widely sought-after by the public, leading to higher costs for merchants and thus higher prices for consumers."(3) The success of the 50 States Commemorative Coin Program (31 U.S.C. 5112(l)) for circulating quarter dollars shows that a design on a United States circulating coin that is regularly changed in a manner similar to the systematic change in designs in such Program radically increases demand for the coin, rapidly pulling it through the economy."(4) The 50 States Commemorative Coin Program also has been an educational tool, teaching both Americans and visitors something about each State for which a quarter has been issued."(5) A national survey and study by the Government Accountability Office has indicated that many Americans who do not seek, or who reject, the new $1 coin for use in commerce would actively seek the coin if an attractive, educational rotating design were to be struck on the coin."(6) The President is the leader of our tripartite government and the President's spouse has often set the social tone for the White House while spearheading and highlighting important issues for the country."(7) Sacagawea, as currently represented on the new $1 coin, is an important symbol of American history."(8) Many people cannot name all of the Presidents, and fewer can name the spouses, nor can many people accurately place each President in the proper time period of American history."(9) First Spouses have not generally been recognized on American coinage. "(10) In order to revitalize the design of United States coinage and return circulating coinage to its position as not only a necessary means of exchange in commerce, but also as an object of aesthetic beauty in its own right, it is appropriate to move many of the mottos and emblems, the inscription of the year, and the so-called 'mint marks' that currently appear on the 2 faces of each circulating coin to the edge of the coin, which would allow larger and more dramatic artwork on the coins reminiscent of the so-called 'Golden Age of Coinage' in the United States, at the beginning of the Twentieth Century, initiated by President Theodore Roosevelt, with the assistance of noted sculptors and medallic artists James Earle Fraser and Augustus Saint-Gaudens."(11) Placing inscriptions on the edge of coins, known as edge-incusing, is a hallmark of modern coinage and is common in large-volume production of coinage elsewhere in the world, such as the 2,700,000,000 2-Euro coins in circulation, but it has not been done on a large scale in United States coinage in recent years."(12) Although the Congress has authorized the Secretary of the Treasury to issue gold coins with a purity of 99.99 percent, the Secretary has not done so."(13) Bullion coins are a valuable tool for the investor and, in some cases, an important aspect of coin collecting."
ABRAHAM LINCOLN BICENTENNIAL 1-CENT COIN REDESIGN Pub. L. 109-145, 119 Stat. 2673, provided that:
"SEC. 301. FINDINGS."Congress finds the following:"(1) Abraham Lincoln, the 16th President, was one of the Nation's greatest leaders, demonstrating true courage during the Civil War, one of the greatest crises in the Nation's history."(2) Born of humble roots in Hardin County (present-day LaRue County), Kentucky, on February 12, 1809, Abraham Lincoln rose to the Presidency through a combination of honesty, integrity, intelligence, and commitment to the United States."(3) With the belief that all men are created equal, Abraham Lincoln led the effort to free all slaves in the United States."(4) Abraham Lincoln had a generous heart, with malice toward none, and with charity for all."(5) Abraham Lincoln gave the ultimate sacrifice for the country he loved, dying from an assassin's bullet on April 15, 1865."(6) All Americans could benefit from studying the life of Abraham Lincoln, for Lincoln's life is a model for accomplishing the 'American dream' through honesty, integrity, loyalty, and a lifetime of education."(7) The year 2009 will be the bicentennial anniversary of the birth of Abraham Lincoln. "(8) Abraham Lincoln was born in Kentucky, grew to adulthood in Indiana, achieved fame in Illinois, and led the nation in Washington, D.C."(9) The so-called 'Lincoln cent' was introduced in 1909 on the 100th anniversary of Lincoln's birth, making the obverse design the most enduring on the nation's coinage."(10) President Theodore Roosevelt was so impressed by the talent of Victor David Brenner that the sculptor was chosen to design the likeness of President Lincoln for the coin, adapting a design from a plaque Brenner had prepared earlier. "(11) In the nearly 100 years of production of the 'Lincoln cent', there have been only 2 designs on the reverse: the original, featuring 2 wheat-heads in memorial style enclosing mottoes, and the current representation of the Lincoln Memorial in Washington, D.C."(12) On the occasion of the bicentennial of President Lincoln's birth and the 100th anniversary of the production of the Lincoln cent, it is entirely fitting to issue a series of 1-cent coins with designs on the reverse that are emblematic of the 4 major periods of President Lincoln's life.
"SEC. 302. REDESIGN OF LINCOLN CENT FOR 2009. "(a) IN GENERAL.-During the year 2009, the Secretary of the Treasury shall issue 1-cent coins in accordance with the following design specifications:"(1) OBVERSE.-The obverse of the 1-cent coin shall continue to bear the Victor David Brenner likeness of President Abraham Lincoln."(2) REVERSE.-The reverse of the coins shall bear 4 different designs each representing a different aspect of the life of Abraham Lincoln, such as-"(A) his birth and early childhood in Kentucky;"(B) his formative years in Indiana; "(C) his professional life in Illinois; and"(D) his presidency, in Washington, D.C."(b) ISSUANCE OF REDESIGNED LINCOLN CENTS IN 2009.-"(1) ORDER.-The 1-cent coins to which this section applies shall be issued with 1 of the 4 designs referred to in subsection (a)(2) beginning at the start of each calendar quarter of 2009."(2) NUMBER.-The Secretary shall prescribe, on the basis of such factors as the Secretary determines to be appropriate, the number of 1-cent coins that shall be issued with each of the designs selected for each calendar quarter of 2009."(c) DESIGN SELECTION.-The designs for the coins specified in this section shall be chosen by the Secretary-"(1) after consultation with the Abraham Lincoln Bicentennial Commission and the Commission of Fine Arts; and "(2) after review by the Citizens Coinage Advisory Committee.
"SEC. 303. REDESIGN OF REVERSE OF 1-CENT COINS AFTER 2009."The design on the reverse of the 1-cent coins issued after December 31, 2009, shall bear an image emblematic of President Lincoln's preservation of the United States of America as a single and united country.
"SEC. 304. NUMISMATIC PENNIES WITH THE SAME METALLIC CONTENT AS THE 1909 PENNY."The Secretary of the Treasury shall issue 1-cent coins in 2009 with the exact metallic content as the 1-cent coin contained in 1909 in such number as the Secretary determines to be appropriate for numismatic purposes.
"SEC. 305. SENSE OF THE CONGRESS."It is the sense of the Congress that the original Victor David Brenner design for the 1-cent coin was a dramatic departure from previous American coinage that should be reproduced, using the original form and relief of the likeness of Abraham Lincoln, on the 1-cent coins issued in 2009."
DESIGNS ON THE 5-CENT COIN Pub. L. 108-15, title I, §101, Apr. 23, 2003, 117 Stat. 615, provided that: "(a) IN GENERAL.-Subject to subsection (b) and after consulting with the Citizens Coinage Advisory Committee and the Commission of Fine Arts, the Secretary of the Treasury may change the design on the obverse and the reverse of the 5-cent coin for coins issued in 2003, 2004, and 2005 in recognition of the bicentennial of the Louisiana Purchase and the expedition of Meriwether Lewis and William Clark."(b) DESIGN SPECIFICATIONS.-"(1) OBVERSE.-If the Secretary of the Treasury elects to change the obverse of 5-cent coins issued during 2003, 2004, and 2005, the design shall depict a likeness of President Thomas Jefferson, different from the likeness that appeared on the obverse of the 5-cent coins issued during 2002, in recognition of his role with respect to the Louisiana Purchase and the commissioning of the Lewis and Clark expedition. "(2) REVERSE.-If the Secretary of the Treasury elects to change the reverse of the 5-cent coins issued during 2003, 2004, and 2005, the design selected shall depict images that are emblematic of the Louisiana Purchase or the expedition of Meriwether Lewis and William Clark."(3) OTHER INSCRIPTIONS.-5-cent coins issued during 2003, 2004, and 2005 shall continue to meet all other requirements for inscriptions and designations applicable to circulating coins under section 5112(d)(1) of title 31, United States Code."
STUDY AND REPORT OF IMPACT ON UNITED STATES SILVER MARKET OF THE AMERICAN EAGLE SILVER BULLION PROGRAM Pub. L. 107-201, §3(b), July 23, 2002, 116 Stat. 737, provided that: "(1) STUDY.-The Secretary of the Treasury shall conduct a study of the impact on the United States silver market of the American Eagle Silver Bullion Program, established under section 5112(e) of title 31, United States Code."(2) REPORT.-Not later than 1 year after the date of enactment of this Act [July 23, 2002], the Secretary of the Treasury shall submit a report of the study conducted under paragraph (1) to the chairman and ranking minority member of-"(A) the Committee on Banking, Housing, and Urban Affairs of the Senate; and"(B) the Committee on Financial Services of the House of Representatives."
FINDINGS OF 1997 AMENDMENT Pub. L. 105-124, §2, Dec. 1, 1997, 111 Stat. 2534, provided that: "The Congress finds that-"(1) it is appropriate and timely- "(A) to honor the unique Federal republic of 50 States that comprise the United States; and"(B) to promote the diffusion of knowledge among the youth of the United States about the individual States, their history and geography, and the rich diversity of the national heritage;"(2) the circulating coinage of the United States has not been modernized during the 25-year period preceding the date of enactment of this Act [Dec. 1, 1997];"(3) a circulating commemorative 25-cent coin program could produce earnings of $110,000,000 from the sale of silver proof coins and sets over the 10-year period of issuance, and would produce indirect earnings of an estimated $2,600,000,000 to $5,100,000,000 to the United States Treasury, money that will replace borrowing to fund the national debt to at least that extent; and"(4) it is appropriate to launch a commemorative circulating coin program that encourages young people and their families to collect memorable tokens of all of the States for the face value of the coins."
DOLLAR COINS Pub. L. 105-124, §4(e), (f), Dec. 1, 1997, 111 Stat. 2536, 2537, provided that: "(e) PRODUCTION OF NEW DOLLAR COINS.-"(1) IN GENERAL.-Upon the depletion of the Government's supply (as of the date of enactment of this Act [Dec. 1, 1997]) of $1 coins bearing the likeness of Susan B. Anthony, the Secretary of the Treasury shall place into circulation $1 coins that comply with the requirements of subsections (b) and (d)(1) of section 5112 of title 31, United States Code, as amended by this section. "(2) AUTHORITY OF SECRETARY TO CONTINUE PRODUCTION.-If the supply of $1 coins bearing the likeness of Susan B. Anthony is depleted before production has begun of $1 coins which bear a design which complies with the requirements of subsections (b) and (d)(1) of section 5112 of title 31, United States Code, as amended by this section, the Secretary of the Treasury may continue to mint and issue $1 coins bearing the likeness of Susan B. Anthony in accordance with that section 5112 (as in effect on the day before the date of enactment of this Act) until such time as production begins."(3) NUMISMATIC SETS.-The Secretary may include such $1 coins in any numismatic set produced by the United States Mint before the date on which the $1 coins authorized by this section are placed in circulation."(f) MARKETING PROGRAM.-"(1) IN GENERAL.-Before placing into circulation $1 coins authorized under this section [amending this section and enacting provisions set out as a note under section 5101 of this title], the Secretary of the Treasury shall adopt a program to promote the use of such coins by commercial enterprises, mass transit authorities, and Federal, State, and local government agencies."(2) STUDY REQUIRED.-The Secretary of the Treasury shall conduct a study on the progress of the marketing program adopted in accordance with paragraph (1)."(3) REPORT.-Not later than March 31, 2001, the Secretary of the Treasury shall submit a report to the Congress on the results of the study conducted pursuant to paragraph (2)."
STUDY AND REPORT TO CONGRESS OF 50 STATES COMMEMORATIVE COIN PROGRAM Pub. L. 104-329, title III, §302, Oct. 20, 1996, 110 Stat. 4012, provided that:"(a) STUDY.-The Secretary of the Treasury shall by June 1, 1997 complete a study of the feasibility of a circulating commemorative coin program to commemorate each of the 50 States. The study shall assess likely public acceptance of and consumer demand for different coins that might be issued in connection with such a program (taking into consideration the pace of issuance of coins and the length of such a program), a comparison of the costs of producing coins issued under the program and the revenue that the program would generate, the impact on coin distribution systems, the advantages and disadvantages of different approaches to selecting designs for coins in such a program, and such other factors as the Secretary considers appropriate in deciding upon the feasibility of such a program. No steps taken in order to gather information for this study shall be considered a collection of information within the meaning of section 3502 of title 44, United States Code."(b) REPORT.-The Secretary shall submit the study required in subsection (a) above, to the Committee on Banking and Financial Services of the House of Representatives and the Committee on Banking, Housing and Urban Affairs of the Senate, simultaneously on its receipt by the Secretary."(c) 50-STATE COMMEMORATIVE COIN PROGRAM.-The Secretary shall determine by August 1, 1997 whether the results of the study authorized by subsection (a) justify such a program. If the Secretary determines that such a program is justified, then he shall by January 1, 1999, notwithstanding the fourth sentence of subsection (d)(1) and subsection (d)(2) of section 5112, title 31, United States Code, commence a commemorative coin program consisting of the minting and issuance of quarter dollar coins bearing designs, selected in accordance with paragraph (4) of this subsection, which are emblematic of the 50 States. If the Secretary determines that such a commemorative coin program is justified but that it is not practicable to commence the program by January 1, 1999, then he shall notify the Committee on Banking and Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate of such impracticability and of the date on which the program will commence. "(1) DESIGN.-The design for each quarter dollar issued under the program shall be emblematic of 1 of the 50 States. The designs for quarter dollar coins issued during each year of the program shall be emblematic of States which have not previously been commemorated under the program. "(2) ORDER OF ISSUANCE.-Each State will be honored by a coin in the order of that State's admission to the United States."(3) NUMBER OF COINS.-Of the quarter dollar coins issued during each year of the program, the Secretary shall prescribe, on the basis of such factors as the Secretary determines to be appropriate, the number of quarter dollar coins which shall be issued with each of the designs selected for such year."(4) SELECTION OF DESIGN.-Each of the 50 designs required for quarter dollars issued under the program shall be- "(A) selected pursuant to a process, decided upon by the Secretary, on the basis of the study conducted pursuant to subsection (a), which process shall involve, among other things, consultation with appropriate officials of the State being commemorated with such design; and "(B) reviewed by the Citizens Commemorative Coin Advisory Committee and the Commission of Fine Arts."(5) TREATMENT AS NUMISMATIC ITEMS.-For purposes of sections 5134 and 5136 of title 31, United States Code, all coins minted under this section shall be considered to be numismatic items."(6) NUMISMATIC ITEMS.-"(A) QUALITY OF COINS.-The Secretary may mint and issue such number of quarter dollars of each design selected under paragraph (4) of this subsection in uncirculated and proof qualities as the Secretary determines to be appropriate. "(B) SILVER COINS.-Notwithstanding the provisions of subsection 5112(b) of title 31, United States Code, the Secretary may mint and issue such number of quarter dollars of each design selected under paragraph (4) of this subsection as the Secretary determines to be appropriate with a content of 90 percent silver and 10 percent copper."(C) SOURCES OF BULLION.-The Secretary may obtain silver for minting coins under paragraph (6)(B) from stockpiles established under the Strategic and Critical Materials Stock Piling Act [50 U.S.C. 98 et seq.]."(d) FUNDING.-Funds used to complete this study shall be offset from funds from the Department of the Treasury."
DEPOSIT OF PROFITS FROM SALE OF GOLD TO MINT FOR COMMEMORATIVE COIN PROGRAM Pub. L. 104-208, div. A, title I, §101(f) [title V, §523], Sept. 30, 1996, 110 Stat. 3009-314, 3009-347, provided in part: "That profits generated from the sale of gold to the United States Mint for this program shall be considered as a receipt to be deposited into the General Fund of the Treasury."
USE OF GOVERNMENT PLATINUM RESERVES STOCKPILED AT MINT Pub. L. 104-208, div. A, title I, §101(f) [title V, §524], Sept. 30, 1996, 110 Stat. 3009-314, 3009-348, provided in part: "That the Secretary is authorized to use Government platinum reserves stockpiled at the United States Mint as working inventory and shall ensure that reserves utilized are replaced by the Mint."
REFORM OF COMMEMORATIVE COIN PROGRAMS Pub. L. 103-186, 107 Stat. 2251, as amended by Pub. L. 104-208, div. A, title I, §101(f) [title V, §529(b)(4)], Sept. 30, 1996, 110 Stat. 3009-314, 3009-352; Pub. L. 104-316, title I, §115(h), Oct. 19, 1996, 110 Stat. 3835, provided that:
"SEC. 301. SENSE OF CONGRESS RESOLUTION."(a) FINDINGS.-The Congress hereby makes the following findings: "(1) Congress has authorized 18 commemorative coin programs in the 9 years since 1984."(2) There are more meritorious causes, events, and people worthy of commemoration than can be honored with commemorative coinage."(3) Commemorative coin legislation has increased at a pace beyond that which the numismatic community can reasonably be expected to absorb."(4) It is in the interests of all Members of Congress that a policy be established to control the flow of commemorative coin legislation."(b) DECLARATION.-It is the sense of the Congress that the Committee on Banking, Finance and Urban Affairs [now Committee on Financial Services] of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate should not report or otherwise clear for consideration by the House of Representatives or the Senate legislation providing for more than 2 commemorative coin programs for any year, unless the committee determines, on the basis of a recommendation by the Citizens Commemorative Coin Advisory Committee, that extraordinary merit exists for an additional commemorative coin program.
"SEC. 302. REPORTS BY RECIPIENTS OF COMMEMORATIVE COIN SURCHARGES."(a) QUARTERLY FINANCIAL REPORT.-"(1) IN GENERAL.-Each person who receives, after the date of the enactment of this Act [Dec. 14, 1993], any surcharge derived from the sale of commemorative coins under any Act of Congress shall submit a quarterly financial report to the Director of the United States Mint and the Comptroller General of the United States describing in detail the expenditures made by such person from the proceeds of the surcharge."(2) INFORMATION TO BE INCLUDED.-The report under paragraph (1) shall include information on the proportion of the surcharges received during the period covered by the report to the total revenue of such person during such period, expressed as a percentage, and the percentage of total revenue during such period which was spent on administrative expenses (including salaries, travel, overhead, and fund raising)."(3) DUE DATES.-Quarterly reports under this subsection shall be due at the end of the 30-day period beginning on the last day of any calendar quarter during which any surcharge derived from the sale of commemorative coins is received by any person."(b) FINAL REPORT.-Each person who receives, after the date of the enactment of this Act, any surcharge derived from the sale of commemorative coins under any Act of Congress shall submit a final report on the expenditures made by such person from the proceeds of all surcharges received by such person, including information described in subsection (a)(2), before the end of the 1-year period beginning on the last day on which sales of such coins may be made."
AMOUNT EQUAL TO PROFIT FROM SALE OF GOLD COINS DEPOSITED IN GENERAL FUND OF TREASURY TO REDUCE NATIONAL DEBT Pub. L. 99-185, §2(f), Dec. 17, 1985, 99 Stat. 1178, provided that an amount equal to the amount by which the proceeds from the sale of the coins issued under 31 U.S.C. 5112(i) exceeded the sum of the cost of minting, marketing, and distributing such coins, and the value of gold certificates (not exceeding forty-two and two-ninths dollars a fine troy ounce) retired from the use of gold contained in such coins, was to be deposited in the general fund of the Treasury and used for the sole purpose of reducing the national debt, prior to repeal by Pub. L. 102-390, title II, §221(c)(2)(A), Oct. 6, 1992, 106 Stat. 1628, effective Oct. 1, 1992.
ISSUANCE OF GOLD COINS TO RESULT IN NO NET COST TO UNITED STATESPub. L. 99-185, §2(g), Dec. 17, 1985, 99 Stat. 1178, provided that: "The Secretary shall take all actions necessary to ensure that the issuance of the coins minted under section 5112(i) of title 31, United States Code, shall result in no net cost to the United States Government."
COMMEMORATIVE COINSProvisions authorizing commemorative coins were contained in the following acts: Pub. L. 118-10, 137 Stat. 56.-United States Marine Corps 250th Anniversary. Pub. L. 117-163, 136 Stat. 1353.-Harriet Tubman Bicentennial. Pub. L. 117-162, 136 Stat. 1349.-National World War II Memorial. Pub. L. 116-247, 134 Stat. 1120.-National Purple Heart Hall of Honor. Pub. L. 116-209, 134 Stat. 1011.-Negro Leagues Baseball 100th Anniversary. Pub. L. 116-94, div. K, §101, Dec. 20, 2019 - 108, Dec. 20, 2019, 133 Stat. 3086.-National Law Enforcement Museum. Pub. L. 116-71, 133 Stat. 1147.-Women's Suffrage Centennial. Pub. L. 116-65, 133 Stat. 1124.-Christa McAuliffe. Pub. L. 115-343, 132 Stat. 5043.-Naismith Memorial Basketball Hall of Fame. Pub. L. 115-65, 131 Stat. 1191.-American Legion 100th Anniversary. Pub. L. 114-282, 130 Stat. 1441.-Apollo 11 50th Anniversary. Pub. L. 114-148, 130 Stat. 360.-Breast Cancer Awareness. Pub. L. 114-30, 129 Stat. 424.-Boys Town Centennial. Pub. L. 113-291, div. B, title XXX, §30553055,, 128 Stat. 3808.-National Park Service 100th anniversary. Pub. L. 113-212, 128 Stat. 2082.-World War I American Veterans Centennial. Pub. L. 112-209, 126 Stat. 1510.-March of Dimes. Pub. L. 112-201, 126 Stat. 1479.-Mark Twain. Pub. L. 112-181, 126 Stat. 1416.-Lions Clubs International century of service. Pub. L. 112-152, 126 Stat. 1155; Pub. L. 113-10, §1, May 17, 2013, 127 Stat. 445.-National Baseball Hall of Fame. Pub. L. 112-104, 126 Stat. 286.-United States Marshals Service 225th anniversary. Pub. L. 111-262, 124 Stat. 2780.-5-Star Generals. Pub. L. 111-232, 124 Stat. 2490.-Star-Spangled Banner. Pub. L. 111-91, 123 Stat. 2980.-Medal of Honor. Pub. L. 111-86, 123 Stat. 2881.-Girl Scouts USA centennial. Pub. L. 110-451, 122 Stat. 5021.-Civil Rights Act of 1964. Pub. L. 110-450, 122 Stat. 5017.-United States Army. Pub. L. 110-363, 122 Stat. 4015.-Boy Scouts of America centennial. Pub. L. 110-357, 122 Stat. 3998; Pub. L. 112-169, §1, Aug. 10, 2012, 126 Stat. 1302.-National Infantry Museum and Soldier Center. Pub. L. 110-277, 122 Stat. 2599.-American veterans disabled for life. Pub. L. 109-285, 120 Stat. 1215; Pub. L. 112-74, div. C, title VI, §621, Dec. 23, 2011, 125 Stat. 926.-Abraham Lincoln. Pub. L. 109-247, 120 Stat. 582.-Louis Braille bicentennial-braille literacy. Pub. L. 109-230, §§1, June 15, 2006 - 7, June 15, 2006, 120 Stat. 391-393.-San Francisco Old Mint. Pub. L. 109-146, 119 Stat. 2676.-Little Rock Central High School desegregation 50th anniversary. Pub. L. 108-486, 118 Stat. 3934.-American Bald Eagle Recovery and National Emblem. Pub. L. 108-464, 118 Stat. 3878.-Benjamin Franklin. Pub. L. 108-291, 118 Stat. 1024.-Marine Corps 230th anniversary. Pub. L. 108-290, 118 Stat. 1021.-John Marshall. Pub. L. 108-289, 118 Stat. 1017; Pub. L. 111-86, §8(b), Oct. 29, 2009, 123 Stat. 2883.-Jamestown 400th anniversary. Pub. L. 106-435, 114 Stat. 1916.-2002 Winter Olympic Games. Pub. L. 106-375, 114 Stat. 1435.-National Museum of the American Indian. Pub. L. 106-126, 113 Stat. 1643.-Leif Ericson millennium. Pub. L. 106-126, 113 Stat. 1644.-United States Capitol visitor center. Pub. L. 106-126, 113 Stat. 1647; Pub. L. 109-232, 120 Stat. 395.-Lewis and Clark Expedition bicentennial. Pub. L. 105-331, 112 Stat. 3073; Pub. L. 110-3, 121 Stat. 6.-Thomas Alva Edison. Pub. L. 105-268, 112 Stat. 2378.-Library of Congress bicentennial. Pub. L. 105-124, §6, Dec. 1, 1997, 111 Stat. 2537.-First flight by Orville and Wilbur Wright. Pub. L. 104-329, §2, title I, §§101-108, Oct. 20, 1996, 110 Stat. 4005-4011; Pub. L. 105-277, div. C, title I, §139(c), Oct. 21, 1998, 112 Stat. 2681-599.-Dolley Madison, George Washington, Black Revolutionary War patriots, Franklin Delano Roosevelt Memorial, Yellowstone National Park, National Law Enforcement Officers Memorial, and Jackie Robinson. Pub. L. 104-96, 109 Stat. 981.-Smithsonian Institution sesquicentennial. Pub. L. 103-328, title II, §204, Sept. 29, 1994, 108 Stat. 2369.-1995 Special Olympics World Games. Pub. L. 103-328, title II, §205, Sept. 29, 1994, 108 Stat. 2371.-National community service. Pub. L. 103-328, title II, §206, Sept. 29, 1994, 108 Stat. 2373.-Robert F. Kennedy Memorial. Pub. L. 103-328, title II, §207, Sept. 29, 1994, 108 Stat. 2375.-United States Military Academy bicentennial. Pub. L. 103-328, title II, §208, Sept. 29, 1994, 108 Stat. 2377.-United States Botanic Garden. Pub. L. 103-186, 107 Stat. 2245.-Thomas Jefferson. Pub. L. 103-186, 107 Stat. 2247.-Prisoner-of-war, Vietnam Veterans Memorial, and Women in Military Service for America Memorial. Pub. L. 103-186, 107 Stat. 2252.-United States Capitol bicentennial. Pub. L. 102-414, 106 Stat. 2106.-World War II 50th anniversary. Pub. L. 102-390, 106 Stat. 1620; Pub. L. 104-74, 109 Stat. 784.-1996 Olympic Games. Pub. L. 102-379, 106 Stat. 1362.-Civil War battlefields. Pub. L. 102-281, 106 Stat. 133; Pub. L. 102-390, title II, §221(c)(2)(G), Oct. 6, 1992, 106 Stat. 1628.-White House 200th anniversary. Pub. L. 102-281, 106 Stat. 135; Pub. L. 102-390, title II, §221(c)(2)(H), Oct. 6, 1992, 106 Stat. 1628; Pub. L. 104-66, title I, §1132(a), Dec. 21, 1995, 109 Stat. 725.-World Cup USA 1994. Pub. L. 102-281, title IV, §§401, May 13, 1992 - 411, May 13, 1992, 106 Stat. 139-141; Pub. L. 102-390, title II, §221(c)(2)(I), Oct. 6, 1992, 106 Stat. 1628.-Christopher Columbus quincentenary. Pub. L. 102-281, 106 Stat. 145; Pub. L. 104-66, title I, §1132(c), Dec. 21, 1995, 109 Stat. 725.-James Madison and Bill of Rights. Pub. L. 101-495, 104 Stat. 1187; Pub. L. 102-390, title II, §221(c)(2)(F), Oct. 6, 1992, 106 Stat. 1628.-Korean War Veterans Memorial. Pub. L. 101-406, 104 Stat. 879; Pub. L. 102-390, title II, §221(c)(2)(E), Oct. 6, 1992, 106 Stat. 1628.-1992 Olympic Games. Pub. L. 101-404, 104 Stat. 875; Pub. L. 102-390, title II, §221(c)(2)(D), Oct. 6, 1992, 106 Stat. 1628.-United Services Organization 50th anniversary. Pub. L. 101-332, 104 Stat. 313; Pub. L. 102-390, title II, §221(c)(2)(C), Oct. 6, 1992, 106 Stat. 1628; Pub. L. 103-328, title II, §209, Sept. 29, 1994, 108 Stat. 2378.-Mount Rushmore National Memorial golden anniversary.Pub. L. 100-673, Nov. 17, 1988, 102 Stat. 3992; Pub. L. 101-36, 103 Stat. 69; Pub. L. 101-302, title III, §312(c), May 25, 1990, 104 Stat. 245; Pub. L. 103-186, title IV, §408(b), Dec. 14, 1993, 107 Stat. 2253.-United States Congress bicentennial.Pub. L. 100-467, Oct. 3, 1988, 102 Stat. 2275; Pub. L. 102-390, title II, §221(c)(2)(B), Oct. 6, 1992, 106 Stat. 1628.-Dwight David Eisenhower.Pub. L. 100-141, Oct. 28, 1987, 101 Stat. 832.-1988 Olympic Games.Pub. L. 99-582, Oct. 29, 1986, 100 Stat. 3315.-United States Constitution bicentennial. Pub. L. 99-61, title I, July 9, 1985, 99 Stat. 113.-Statue of Liberty and Ellis Island.Pub. L. 97-220, July 22, 1982, 96 Stat. 222.-1984 Olympic Games.
EXECUTIVE DOCUMENTS
POSSESSION OF GOLD COINS AND BULLION The possession of gold coins and bullion was prohibited except under Government license by Ex. Ord. No. 6260, eff. Aug. 28, 1933. That prohibition was revoked by Ex. Ord. No. 11825, Dec. 31, 1974, 40 F.R. 1003, eff. Dec. 31, 1974.