§5112. Denominations, specifications, and design of coins

(a) The Secretary of the Treasury may mint and issue only the following coins:

(1) a dollar coin that is 1.043 inches in diameter and weighs 8.1 grams.

(2) a half dollar coin that is 1.205 inches in diameter and weighs 11.34 grams.

(3) a quarter dollar coin that is 0.955 inch in diameter and weighs 5.67 grams.

(4) a dime coin that is 0.705 inch in diameter and weighs 2.268 grams.

(5) a 5-cent coin that is 0.835 inch in diameter and weighs 5 grams.

(6) except as provided under subsection (c) of this section, a one-cent coin that is 0.75 inch in diameter and weighs 3.11 grams.

(7) A fifty dollar gold coin that is 32.7 millimeters in diameter, weighs 33.931 grams, and contains one troy ounce of fine gold.

(8) A twenty-five dollar gold coin that is 27.0 millimeters in diameter, weighs 16.966 grams, and contains one-half troy ounce of fine gold.

(9) A ten dollar gold coin that is 22.0 millimeters in diameter, weighs 8.483 grams, and contains one-fourth troy ounce of fine gold.

(10) A five dollar gold coin that is 16.5 millimeters in diameter, weighs 3.393 grams, and contains one-tenth troy ounce of fine gold.

(b) The dollar, half dollar, quarter dollar, and dime coins are clad coins with 3 layers of metal. The 2 identical outer layers are an alloy of 75 percent copper and 25 percent nickel. The inner layer is copper. The outer layers are metallurgically bonded to the inner layer and weigh at least 30 percent of the weight of the coin. The 5-cent coin is an alloy of 75 percent copper and 25 percent nickel. In minting 5-cent coins, the Secretary shall use bars that vary not more than 2.5 percent from the percent of nickel required. Except as provided under subsection (c) of this section, the one-cent coin is an alloy of 95 percent copper and 5 percent zinc. In minting gold coins, the Secretary shall use alloys that vary not more than 0.1 percent from the percent of gold required. The specifications for alloys are by weight.

(c) The Secretary may prescribe the weight and the composition of copper and zinc in the alloy of the one-cent coin that the Secretary decides are appropriate when the Secretary decides that a different weight and alloy of copper and zinc are necessary to ensure an adequate supply of one-cent coins to meet the needs of the United States.

(d)(1) United States coins shall have the inscription "In God We Trust". The obverse side of each coin shall have the inscription "Liberty". The reverse side of each coin shall have the inscriptions "United States of America" and "E Pluribus Unum" and a designation of the value of the coin. The design on the reverse side of the dollar, half dollar, and quarter dollar is an eagle. 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. The coins have an inscription of the year of minting or issuance. However, to prevent or alleviate a shortage of a denomination, the Secretary may inscribe coins of the denomination with the year that was last inscribed on coins of the denomination.

(2) The Secretary shall prepare the devices, models, hubs, and dies for coins, emblems, devices, inscriptions, and designs authorized under this chapter. The Secretary may adopt and prepare new designs or models of emblems or devices that are authorized in the same way as when new coins or devices are authorized. The Secretary may change the design or die of a coin only once within 25 years of the first adoption of the design, model, hub, or die for that coin. The Secretary may procure services under section 3109 of title 5 in carrying out this paragraph.

(e) Notwithstanding any other provision of law, the Secretary shall mint and issue, in quantities sufficient to meet public demand, coins which-

(1) are 40.6 millimeters in diameter and weigh 31.103 grams;

(2) contain .999 fine silver;

(3) have a design-

(A) symbolic of Liberty on the obverse side; and

(B) of an eagle on the reverse side;

(4) have inscriptions of the year of minting or issuance, and the words "Liberty", "In God We Trust", "United States of America", "1 Oz. Fine Silver", "E Pluribus Unum", and "One Dollar"; and

(5) have reeded edges.

(f) Silver Coins.-

(1) Sale price.-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, dies, use of machinery, and promotional and overhead expenses).

(2) Bulk sales.-The Secretary shall make bulk sales of the coins minted under subsection (e) at a reasonable discount.

(3) Numismatic items.-For purposes of section 5132(a)(1) of this title, all coins minted under subsection (e) shall be considered to be numismatic items.

(g) For purposes of section 5132(a)(1) of this title, all coins minted under subsection (e) of this section shall be considered to be numismatic items.

(h) The coins issued under this title shall be legal tender as provided in section 5103 of this title.

(i)(1) Notwithstanding section 5111(a)(1) of this title, the Secretary shall mint and issue the gold coins described in paragraphs (7), (8), (9), and (10) of subsection (a) of this section, in quantities sufficient to meet public demand, and such gold coins shall-

(A) have a design determined by the Secretary, except that the fifty dollar gold coin shall have-

(i) on the obverse side, a design symbolic of Liberty; and

(ii) on the reverse side, a design representing a family of eagles, with the male carrying an olive branch and flying above a nest containing a female eagle and hatchlings;

(B) have inscriptions of the denomination, the weight of the fine gold content, the year of minting or issuance, and the words "Liberty", "In God We Trust", "United States of America", and "E Pluribus Unum"; and

(C) have reeded edges.

(2)(A) The Secretary shall sell the coins minted under this subsection 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, dies, use of machinery, and promotional and overhead expenses).

(B) The Secretary shall make bulk sales of the coins minted under this subsection at a reasonable discount.

(3) For purposes of section 5132(a)(1) of this title, all coins minted under this subsection shall be considered to be numismatic items.

(4)(A) Notwithstanding any other provision of law and subject to subparagraph (B), the Secretary of the Treasury may change the diameter, weight, or design of any coin minted under this subsection or the fineness of the gold in the alloy of any such coin if the Secretary determines that the specific diameter, weight, design, or fineness of gold which differs from that otherwise required by law is appropriate for such coin.

(B) The Secretary may not mint any coin with respect to which a determination has been made by the Secretary under subparagraph (A) before the end of the 30-day period beginning on the date a notice of such determination is published in the Federal Register.

(j) General Waiver of Procurement Regulations.-

(1) In general.-Except as provided in paragraph (2), no provision of law governing procurement or public contracts shall be applicable to the procurement of goods or services necessary for minting, marketing, or issuing any coin authorized under paragraph (7), (8), (9), or (10) of subsection (a) or subsection (e), including any proof version of any such coin.

(2) Equal employment opportunity.-Paragraph (1) shall not relieve any person entering into a contract with respect to any coin referred to in such paragraph from complying with any law relating to equal employment opportunity.

( Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 981 ; Pub. L. 97–452, §1(20), Jan. 12, 1983, 96 Stat. 2477 ; Pub. L. 99–61, title II, §202, July 9, 1985, 99 Stat. 115 ; Pub. L. 99–185, §2(a), (b), Dec. 17, 1985, 99 Stat. 1177 ; Pub. L. 100–274, §§4(a), 6, Mar. 31, 1988, 102 Stat. 50 ; Pub. L. 102–390, title II, §§226(a), 227, 228, Oct. 6, 1992, 106 Stat. 1630 ; Pub. L. 103–272, §4(f)(1)(R), July 5, 1994, 108 Stat. 1362 .)

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 .

In subsection (a), the words before clause (1) are added because of the restatement. In clause (5), the words "that is 0.835 inch in diameter" are added because the Secretary of the Treasury has prescribed the diameter and the diameter of a coin may not be changed under 31:276. The words "5 grams" are substituted for "seventy-seven and sixteen-hundredths grains troy" for consistency in the revised chapter. In clause (6), the words "that is 0.75 inch in diameter" are added because the Secretary has prescribed the diameter and the diameter of a coin may not be changed under 31:276. The words "except as provided under subsection (c) of this section" are added for clarity and because of the restatement. The words "3.11 grams" are substituted for "forty-eight grains" for consistency in the revised chapter.

In subsection (b), the words "In minting 5-cent coins" are substituted for "in minor-coinage alloys" in 31:346 because 5-cent coins are the minor coins composed of nickel. The words "Secretary shall use" are substituted for "shall be used" because of the source provisions restated in section 321 of the revised title. The word "bars" is substituted for "ingots" for consistency in the revised chapter. The words "2.5 percent" are substituted for "twenty-five thousandths" for consistency in the revised title and with other titles of the United States Code. The words "from the percent of nickel required" are substituted for "the legal standard . . . in the proportion of nickel" because of the restatement. The words "In silver ingots, six-thousandths" are omitted as superseded by the source provisions restated in the section. The words "In gold ingots, one-thousandth" in section 3533 of the Revised Statutes are omitted because gold coinage was discontinued by 31:315b. The words "Except as provided in subsection (c) of this section" are added for clarity and because of the restatement.

In subsection (c), the words "a different weight and alloy of copper and zinc" are substituted for "such action" for clarity.

In subsection (d)(1), the words "an impression emblematic of liberty" in 31:324 are omitted as obsolete. The words "The design on the reverse side of the dollar, half dollar, and quarter dollar is an eagle" are substituted for "and upon the reverse side shall be the figure or representation of an eagle . . . but on the dime, 5-, and 1-cent piece, the figure of the eagle shall be omitted", and the words "The emblem on the obverse side of the dollar is" are substituted for "The one-dollar coin authorized by section 391(c) of this title shall bear on the obverse side" in 31:324b–1, to eliminate unnecessary words. The words "Any coins minted after July 23, 1965, from 900 fine coin silver shall be inscribed with the year 1964" in 31:324 are omitted because the Secretary no longer has authority to mint coins from 900 fine coin silver.

In subsection (d)(2), the word "Secretary" is substituted for "engraver", "Director of the Mint", and "Director of the Mint . . . with the approval of the Secretary of the Treasury" because of the source provisions restated in section 321(c) of the revised title. The word "dies" is substituted for "from the original dies already authorized all the working dies required for use in the coinage of the several mints" and "original dies" to eliminate unnecessary words. The word "inscription" is substituted for "legend" for consistency in the section. The words "Provided, That no change be made in the diameter of any coin" are omitted as unnecessary because the diameters are prescribed by subsection (a) of the revised section. The words "procure services under section 3109 of title 5 in carrying out this paragraph" are substituted for "engage temporarily for this purpose the services of one or more artists, distinguished in their respective departments of art" to eliminate unnecessary words. The words "who shall be paid for such service from the contingent appropriation for the mint at Philadelphia" are omitted as obsolete. The text of section 3510(2d proviso) of the Revised Statutes is omitted as executed.

In subsection (e)(2), the words "80 percent" are substituted for "eight hundred parts" in 31:391(d), and the words "20 percent" are substituted for "two hundred parts", for consistency in the revised title and with other titles of the Code. The words "that are metallurgically bonded to" are added for clarity and consistency with subsection (b). In clause (4), the words "the late President of the United States" in 31:324b are omitted as unnecessary. Clause (6) is added because 31:324 applies to coins minted under this subsection.

In subsection (f)(1), before clause (A), the words "Notwithstanding this section and section 5111(a)(1) of this title are substituted for "Notwithstanding any other provision of law" in 31:399 for clarity. In clause (B), the words "are an alloy of 90 percent silver and 10 percent copper" are substituted for "be minted in accordance with the standard established in section 3514 of the Revised Statutes (31 U.S.C. 321)" and 31:321 to eliminate unnecessary words and for clarity. In clause (C), the word "symbolizing" is substituted for "emblematic" for clarity.

In subsection (f)(2), the words "under such regulations as he may prescribe" are omitted as unnecessary because of section 321 of the revised title. The word "Treasury" is substituted for "general fund of the Treasury" to eliminate unnecessary words.

The text of 31:399(b)(3) is omitted as unnecessary because of section 5103 of the revised title.

1983 Act

This amends 31:5112(f)(1) to make technical and conforming changes.

Amendments

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".

Effective Date of 1985 Amendments

Section 3 of Pub. L. 99–185 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."

Section 205 of title II of Pub. L. 99–61 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 Amendments

Section 1 of Pub. L. 99–185 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'."

Section 201 of title II of Pub. L. 99–61 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'."

Reform of Commemorative Coin Programs

Pub. L. 103–186, title III, Dec. 14, 1993, 107 Stat. 2251 , 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 Banking and 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.

"SEC. 303. GAO REPORTS TO CONGRESS.

"Before the end of the 1-year period beginning on the last day on which sales of commemorative coins may be made under the Act of Congress which authorized such coins, the Comptroller General of the United States shall submit a financial accounting statement to the Congress on the payment of any surcharges derived from the sale of such coins and the use and expenditure of the proceeds of such surcharges by any recipient (other than a recipient which is an agency or department of the Federal Government) based on the reports filed by such recipient with the Comptroller General in accordance with section 302 and any audit of such recipient which is conducted by the Comptroller General with respect to the use and expenditure of such proceeds."

Amount Equal to Profit From Sale of Gold Coins Deposited in General Fund of Treasury To Reduce National Debt

Section 2(f) of Pub. L. 99–185 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 States

Section 2(g) of Pub. L. 99–185 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."

Commemoration of 1995 Special Olympic World Games

Pub. L. 103–328, title II, §204, Sept. 29, 1994, 108 Stat. 2369 , directed Secretary of the Treasury to issue not more than 800,000 one dollar silver coins commemorating the 1995 Special Olympic World Games, and provided for specification and design of coins, sources of bullion, issuance and sale of coins, waiver of procurement regulations, distribution of surcharges, audits by Comptroller General, and financial assurances.

National Community Service Commemorative Coins

Pub. L. 103–328, title II, §205, Sept. 29, 1994, 108 Stat. 2371 , directed Secretary of the Treasury to issue not more than 500,000 one dollar silver coins commemorating students who volunteer to perform community service, and provided for specification and design of coins, sources of bullion, issuance and sale of coins, waiver of procurement regulations, distribution of surcharges, audits by Comptroller General, and financial assurances.

Robert F. Kennedy Memorial Commemorative Coins

Pub. L. 103–328, title II, §206, Sept. 29, 1994, 108 Stat. 2373 , directed Secretary of the Treasury to issue not more than 500,000 one dollar silver coins commemorating the life and work of Robert F. Kennedy, and provided for specification and design of coins, sources of bullion, issuance and sale of coins, waiver of procurement regulations, distribution of surcharges, audits by Comptroller General, and financial assurances.

United States Military Academy Bicentennial Commemorative Coins

Pub. L. 103–328, title II, §207, Sept. 29, 1994, 108 Stat. 2375 , directed Secretary of the Treasury to issue not more than 500,000 one dollar silver coins commemorating the bicentennial of the United States Military Academy, and provided for specification and design of coins, sources of bullion, issuance and sale of coins, waiver of procurement regulations, distribution of surcharges, audits by Comptroller General, application of Numismatic Public Enterprise Fund requirements, and financial assurances.

United States Botanic Garden Commemorative Coins

Pub. L. 103–328, title II, §208, Sept. 29, 1994, 108 Stat. 2377 , directed Secretary of the Treasury to issue not more than 500,000 one dollar silver coins commemorating the United States Botanic Garden, and provided for specification and design of coins, sources of bullion, issuance and sale of coins, waiver of procurement regulations, distribution of surcharges, audits by Comptroller General, and financial assurances.

Thomas Jefferson Commemorative Coins

Pub. L. 103–186, title I, Dec. 14, 1993, 107 Stat. 2245 , directed Secretary of the Treasury to issue not more than 600,000 one dollar silver coins commemorating the 250th anniversary of the birth of Thomas Jefferson, and provided for coin specifications, sources of bullion, selection of design, issuance and sale of coins, general waiver of procurement regulations, distribution of surcharges, audits by Comptroller General, and financial assurances.

United States Veterans Commemorative Coins

Pub. L. 103–186, title II, Dec. 14, 1993, 107 Stat. 2247 , directed Secretary of the Treasury to issue not more than 500,000 one dollar silver coins each of 3 designs commemorating American prisoners of war, the 10th anniversary of the Vietnam Veterans Memorial, and the Women in Military Service for America Memorial, and provided for coin specifications, sources of bullion, selection of design, issuance and sale of coins, general waiver of procurement regulations, distribution of surcharges, establishment of the Andersonville Prisoner-of-War Museum Endowment Fund, audits by Comptroller General, and financial assurances.

Bicentennial of the United States Capitol Commemorative Coins

Pub. L. 103–186, title IV, Dec. 14, 1993, 107 Stat. 2252 , directed Secretary of the Treasury to issue not more than 500,000 one dollar silver coins commemorating the bicentennial of the United States Capitol, and provided for specifications of coins, sources of bullion, design of coins, issuance and sale of coins, financial assurances, use of surcharges, and general waiver of procurement regulations.

World War II 50th Anniversary Commemorative Coins

Pub. L. 102–414, Oct. 14, 1992, 106 Stat. 2106 , directed Secretary of the Treasury to mint and issue not more than 300,000 five dollar gold coins, not more than 1 million one dollar silver coins, and not more than 2 million half dollar clad coins commemorating the 50th anniversary of the involvement of the United States in World War II and provided for specification, design, and sale of the coins, sources of bullion therefor, financial assurances, use of surcharges, general waiver of procurement regulations, deposit in the coinage profit fund, and report to Congress.

1996 Olympic Games Commemorative Coins

Pub. L. 102–390, title I, Oct. 6, 1992, 106 Stat. 1620 , directed Secretary of the Treasury to issue in 1995 not more than 175,000 each of 2 five dollar gold coins of different designs, not more than 750,000 each of 4 one dollar silver coins of different designs, and not more than 2 million each of 2 half dollar clad coins of different designs, and in 1996, not more than 300,000 each of 2 five dollar gold coins of different designs, not more than 1 million each of 4 one dollar silver coins of different designs, and not more than 3 million each of 2 half dollar clad coins of different designs, to support the 1996 Atlanta Centennial Olympic Games and the programs of the United States Olympic Committee, and provided for sources of bullion, design, issuance and sale of coins, waiver of procurement regulations, distribution of surcharges, audit by Comptroller General, financial assurances, reciprocity of coin sales, and reports to Congress.

Civil War Battlefield Commemorative Coins

Pub. L. 102–379, Oct. 5, 1992, 106 Stat. 1362 , directed Secretary of the Treasury to issue not more than 300,000 five dollar coins, 1 million one dollar coins, and 2 million half dollar coins commemorating the 100th anniversary of the beginning of the protection of Civil War battlefields, and provided for specification and design and sale of the coins, sources of bullion therefor, termination of authority to mint these coins after Dec. 31, 1995, establishment of a coinage profit fund, distribution and use of surcharges, general waiver of procurement regulations, financial assurances, and quarterly reports to Congress.

1992 White House Commemorative Coins

Pub. L. 102–281, title I, May 13, 1992, 106 Stat. 133 , as amended by Pub. L. 102–390, title II, §221(c)(2)(G), Oct. 6, 1992, 106 Stat. 1628 , directed Secretary of the Treasury to issue not more than 500,000 one dollar silver coins commemorating the 200th anniversary of the White House and provided for specifications, sources of bullion, design, sale, and issuance of coins, waiver of procurement regulations, distribution of surcharges, audit by Comptroller General, and financial assurances.

World Cup USA 1994 Commemorative Coins

Pub. L. 102–281, title II, May 13, 1992, 106 Stat. 135 , as amended by Pub. L. 102–390, title II, §221(c)(2)(H), Oct. 6, 1992, 106 Stat. 1628 , directed Secretary of the Treasury to issue not more than 750,000 five dollar gold coins, 5 million one dollar silver coins, and 5 million half dollar clad coins, commemorating the 1994 World Cup games and provided for specifications, sources of bullion, design and design competition, sale, and issuance of coins, waiver of procurement regulations, distribution of surcharges, audits by Comptroller General, and financial assurances.

Christopher Columbus Quincentenary Coins

Pub. L. 102–281, title IV, §§401–411, May 13, 1992, 106 Stat. 139–141 , as amended by Pub. L. 102–390, title II, §221(c)(2)(I), Oct. 6, 1992, 106 Stat. 1628 , directed Secretary of the Treasury to issue not more than 500,000 five dollar gold coins, 4 million one dollar silver coins, and 6 million half dollar clad coins, commemorating the Christopher Columbus Quincentenary and provided for specifications, sources of bullion, design, issuance, and sale of coins, financial assurances, use of surcharges, waiver of procurement regulations, and reports to Congress.

James Madison-Bill of Rights Commemorative Coins

Pub. L. 102–281, title V, May 13, 1992, 106 Stat. 145 , directed Secretary of the Treasury to issue not more than 300,000 five dollar gold coins, 900,000 one dollar silver coins, and 1 million half dollar silver coins, commemorating James Madison and the Bill of Rights and provided for specifications, sources of bullion, issuance and sale of coins, financial assurances, distribution of surcharges, audits by Comptroller General, and waiver of procurement regulations.

Korean War Veterans Memorial Thirty-Eighth Anniversary Commemorative Coins

Pub. L. 101–495, Oct. 31, 1990, 104 Stat. 1187 , as amended by Pub. L. 102–390, title II, §221(c)(2)(F), Oct. 6, 1992, 106 Stat. 1628 , directed Secretary of the Treasury to issue not more than 1 million one dollar silver coins commemorating the thirty-eighth anniversary of the ending of the Korean War and provided for sources of bullion, design, issuance and sale of coins, financial assurances, use of surcharges, audit by Comptroller General, and waiver of procurement regulations.

1992 Olympic Commemorative Coins

Pub. L. 101–406, Oct. 3, 1990, 104 Stat. 879 , as amended by Pub. L. 102–390, title II, §221(c)(2)(E), Oct. 6, 1992, 106 Stat. 1628 , directed Secretary of the Treasury to issue not more than 500,000 five dollar gold coins, 4 million one dollar silver coins, and 6 million half dollar clad coins to support the training of American athletes participating in the 1992 Olympic Games and provided for sources of bullion, specification, design, issuance, and sale of coins, waiver of procurement regulations, distribution of surcharges, audit by Comptroller General, and financial assurances.

United Services Organization 50th Anniversary Commemorative Coins

Pub. L. 101–404, Oct. 2, 1990, 104 Stat. 875 , as amended by Pub. L. 102–390, title II, §221(c)(2)(D), Oct. 6, 1992, 106 Stat. 1628 , directed Secretary of the Treasury to issue not more than 1 million one dollar silver coins commemorating the 50th anniversary of the United Services Organization and provided for sources of bullion, design, issuance, and sale of coins, financial assurances, use of surcharges, audit by Comptroller General, report to Congress, and waiver of procurement regulations.

Mount Rushmore Commemorative Coins

Pub. L. 101–332, July 16, 1990, 104 Stat. 313 , as amended by 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 , directed Secretary of the Treasury to issue not more than 500,000 five dollar gold coins, 2.5 million one dollar silver coins, and 2.5 million half dollar clad coins commemorating the golden anniversary of the Mount Rushmore National Memorial and provided for sources of bullion, specification, design, issuance, and sale of coins, waiver of procurement regulations, distribution of surcharges, audit by Comptroller General, and financial assurances.

Bicentennial of the United States Congress Commemorative Coins

Pub. L. 100–673, Nov. 17, 1988, 102 Stat. 3992 , as amended by 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 , directed Secretary of the Treasury to issue not more than one million five dollar coins, three million one dollar coins, and four million half dollar coins commemorating the bicentennial of the United States Congress, and provided for specification and design and sale of coins, sources of bullion therefor, financial assurances, use of surcharges, inapplicability of other provisions governing procurement of goods and services, and compliance with provisions relating to equal employment opportunity.

Similar provisions were contained in Pub. L. 100–378, Aug. 1, 1988, 102 Stat. 887 , and were repealed on enactment by section 11 of Pub. L. 100–378.

Pub. L. 101–36, June 9, 1989, 103 Stat. 69 , authorized a first strike ceremony at the United States Capitol for the Bicentennial of the Congress Commemorative Coin.

Dwight David Eisenhower Commemorative Coins

Pub. L. 100–467, Oct. 3, 1988, 102 Stat. 2275 , as amended by Pub. L. 102–390, title II, §221(c)(2)(B), Oct. 6, 1992, 106 Stat. 1628 , directed Secretary of the Treasury to issue not more than four million one dollar coins commemorating the one hundredth anniversary of the birth of Dwight David Eisenhower, and provided for specification, design and sale of coins, sources of bullion therefor, financial assurances, inapplicability of other provisions governing procurement of goods and services, and compliance with provisions relating to equal employment opportunity.

1988 Olympic Commemorative Coins

Pub. L. 100–141, Oct. 28, 1987, 101 Stat. 832 , directed Secretary of the Treasury to issue not more than one million five dollar coins and ten million one dollar coins commemorating the 1988 Olympics and provided for coin specifications, sources of bullion, design, sale, and issuance of coins, waiver of procurement regulations, distribution of surcharges, audit by the Comptroller General, establishment of a coinage profit fund, and financial assurances.

Bicentennial of United States Constitution Commemorative Coins

Pub. L. 99–582, Oct. 29, 1986, 100 Stat. 3315 , directed Secretary of the Treasury to issue not more than one million five dollar coins and ten million one dollar coins commemorating the bicentennial of the United States Constitution, and provided for specification, design and sale of coins, sources of bullion therefor, financial assurances, use of revenue from sales for reduction of national debt, inapplicability of other provisions governing procurement of goods and services, and compliance with provisions relating to equal employment opportunity.

Statue of Liberty-Ellis Island Commemorative Coins

Pub. L. 99–61, title I, July 9, 1985, 99 Stat. 113 , directed Secretary of the Treasury to issue not more than 500,000 five dollar coins, ten million one dollar coins, and twenty-five million half dollar coins commemorating the Statue of Liberty and Ellis Island, and provided for coin specifications, sources of bullion, design of coins, requirements for issuance, waiver of procurement regulations, distribution of surcharges, audit by the Comptroller General, establishment of a coinage profit fund, and financial assurances.

1984 Olympic Commemorative Coins

Pub. L. 97–220, July 22, 1982, 96 Stat. 222 , directed Secretary of the Treasury to issue not more than fifty million one-dollar coins and two million ten-dollar coins commemorating the 1984 summer Olympic games and provided for national and international sales, distribution of proceeds, establishment of a coinage profit fund, audits by the Comptroller General, financial assurances, and reports to Congress.

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. See notes set out under section 95a of Title 12, Banks and Banking.

Section Referred to in Other Sections

This section is referred to in sections 5102, 5111, 5113, 5116, 5132 of this title; title 26 section 408.