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United States Code: Coins, Coinage, and Currency, 31 U.S.C. §§ 301

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United States Code: Coins, Coinage, and Currency, 31 U.S.C. §§ 301 § 303 Page 511 TITLE 31.-MONEY AND FINANCE CLAD COINAGE INEWI settled under the authority of sections 240-243 of sec. this title shall be paid or delivered to or received by 391. Minting nnd Issuance of clad coins; denominations mint- on account of services ren- and specifications; limitations on continued any agent or attorney coins. the same ing of silver dered in connection with that claim and 392. Legal tender. shall be unlawful, any contract to the contrary not- 393. Acquisition of production capability for minting withstanding. Any person violating the provisions clad coins; public contracts and procurement. Purchase of newly mined silver. 240-243 of this title shall be deemed 394. of sections 395. Exportation, melting or treating of coins; rules and guilty of a misdemeanor and upon conviction thereof regulations; violations and penalty. shall be fined in any sum not exceeding $1,000. 390. Same; forfeiture. and regulations. § 8, as added Pub. L. 89-185, § 5, 397. Rules (Pub. L. 88-558, 398. Definitions. Sept. 15, 1965, 79 Stat. 791.) CODIFICATION JOINT COMMISSION ON THE COINAGE [NEWl of this title" in the original read "Sections 240-243 § 301. Membership. "this Act" and referred to Pub. I. 88-558. For complete classification of Pub. L. 88-558, see Short Title note for The President is hereby authorized to establish a Employees' Claims Act "Military Personnel and Civilian Joint Commission on the Coinage to be composed of under section 240 of this title. of 1964" the Secretary of the Treasury as Chairman; the See- retary of Commerce; the Director of the Bureau of Chapter 7.-BUREAU OF TIlE MINT, MINTS AND the Director of the Mint; the chairman ASSAY OFFICES the Budget; and ranking minority member of the Senate Bank- § 283. Business of San Francisco assay ollice; wastage. ing and Currency Committee, and four Members of The business of the United States assay office in the Senate, not members of such committee, to be San Francisco shall be in all respects similar to that appointed by the President of the Senate; the chair- of the House of the assay office of New York except that until the man and ranking minority member Currency Committee, and four Mem- Secretary of the Treasury determines that the mints Banking and bers of the House of Representatives, not members of the United States are adequate for the production of such committee, to be appointed by the Speaker; of ample supplies of coins, its facilities may be used and eight public members to be appointed by the for the production of coins. (As amended Pub. L. President, none of whom shall be associated or iden- title II, § 201, July 23, 1965, 79 Stat. 256.) 89-81, tified with or representative of any industry, group, AMENDMENTS business, or association directly interested as such 1985-Pub. L. 89-81 authorized the t.se of the facilities in the composition, characteristics, or production of assay office for the production of of the San Francisco the coinage of the United States. (Pub. L. 89-81, until such time as the Secretary of the Treasury coins 79 Stat. 258.) determined that the mints of the United States were ade- title III, § 301, July 23, 1965, quate for the production of ample supplies of coins, and §302. Termination of membership of public officials eliminated provisions which prohibited refining of gold or silver at the San Francisco office. and Members of Congress; vacancies. No public official or Member of Congress serving as date; limitation on §294. Appropriations; termination a member of the Joint Commission shall continue transfer of funds from Department of amount; to serve as such after he has ceased to hold the the Treasury to Administrator of General Services. office by virtue of which he became a member of the There is hereby authorized to be appropriated, out Joint Commission. Any vacancy on the Joint Com- not otherwise appro- of any money in the Treasury misssion shall be filled by the choosing of a suc- priated, for each fiscal year which begins after June cessor member in the same manner as his pred- 30, 1963, and ends before July 1, 1973, such sums as ecessor. (Pub. L. 89-81, title III, § 302, July 23, may be necessary to carry out sections 291-294 of 1965, 79 Stat. 258.) this title, except that the aggregate of sums appro- § 303. Functions and duties. priated under this section shall not exceed $45,000,- The Joint Commission shall study the progress 000. Sums appropriated to the Department of the of the coinage pro- Treasury for the purposes of sections 291-294 of made in the implementation and shall review from this title may be available for transfer to the Admin- gram established by this Act, as the needs of the econ- istrator of General Services to remain available until time to time such matters tech- expended. (As amended July 23, 1965, Pub. L. 89-81, omy for coins, the standards for the coinage, title II, § 202, 79 Stat. 256.) nological developments in metallurgy and coin- selector devices, the availability of various metals, AMCNDMENTS silver dollar, the time when 1965-Pub. L. 89-81 increased the limit on the aggregate renewed minting of the of sums appropriated under this section from $30,00.000 and circumstances tinder which the United States to $45,000,000. should cease to maintain the price of silver, and other considerations relevant to the maintenance of Chapter 8.-COINS, COINAGE, AND CURRENCY an adequate and stable coinage system. It shall, JOINT COMMISSION ON THE COINAGE INEW] from time to time, give its advice and recommenda- Sec. tions with respect to these matters to the President, 301. Membership. and the Congress. 302. Termination of membership of public officials and the Secretary of the Treasury, Members of Congre3s; vacancies. (Pub. L. 89-81, title III, § 303, July 23, 1905, 79 Stat. 303. Functions and duties. 258.) 304. Authorization of appropriations. § 317c TITLE 31.-MONEY AND FINANCE Page 512 REFERENCES IN TEXT enactment of the Coinage Act from 900 fine coin "This Act", referred to in text, means Pub. L. 89-81. silver shall be inscribed with the year 1964. All For classification of Pub. L. 89-81, see Short Title note other coins shall be inscribed with the year of the set out under section 391 of this title. coinage or issuance unless the Secretary of the § 304. Authorization of appropriations. Treasury, in order to prevent or alleviate a short- There are authorized to be appropriated to remain age of coins of any denomination, directs that coins available until expended, such amounts as may be of that denomination continue to be inscribed with necessary to carry out the purposes of sections the last preceding year inscribed on coins of that 301-304 of this title. (Pub. L. 89-81, title 1I1, § 304, denomination, except that coins produced under au- July 23, 1965, 79 Stat. 258.) thority of sections 391(a)(1), 391(a)(2), and 391 (a) (3) of this title shall not be dated earlier than COINS AND COINAGE 1965. No mint mark may be inscribed on any coins during the five-year period beginning on July 23, §317c. Same; recoinage and sale of worn and un- 1965, except that coins struck at the Denver mint current coins. as authorized by law prior to such date may con- The Secretary of the Treasury shall cause all worn tinue to be inscribed with that mint mark. (As and uncurrent coin of the United States, heretofore amended July 23, 1965, Pub. L. 89-81, title IT, or hereafter issued, received in the Treasury, to be § 204(a), 78 Stat. 256.) melted down, the resulting metal and material to be used for coinage or sold, which sale is hereby au- AMENDMENTS thorized. Such coin (including any metal and mate- 1965-Pub. L. 89-81 expanded the direction concerning the inscription upon coins of the motto 'In God we rial derived therefrom), and any loss resulting from trust" to include all coins and not merely those denomi- the difference between the nominal or face value of nations on which such motto had been inscribed prior such coin and the amount the same will produce to May 18, 1908, directed the Secretary of the Treasury in new coin, and any loss resulting from the sale to inscribe the year "1964" on silver coins minted after July 23, 1965, directed the inscription of the year of of the metal or other material, shall be accounted coinage or issue upon all other coins but authorized the for by entries in the fund established for the pur- Secretary to continue the use of the same date on any chase of metal for coinage and said fund shall be denomination of coins whenever that denomination was reimbursed out of the special fund denominated the in short supply with the limitation that clad coins could Provided, That the value of any bear no date earlier than 1965, and prohibited the use coinage profit fund: of mint marks except that coins struck at the Denver coin (including any metal and material derived mint as authorized by law prior to July 23, 1065, could therefrom) accounted for as provided herein shall continue to be inscribed with that mark. not be considered for the purpose of determining DESIGNATION OF 1964 COINS TO CONTINUE UNTIL ADEQUATE the statutory limit of the fund established for the SUPPLIES ARE AVAILABLE: DESTRUCTION OF DIES purchase of metal for coinage. The proceeds from Pub. L. 88-580, Sept. 3, 1964, 78 Stat. 908, which had any sale pursuant to this section shall be accounted directed continued use of "1964" on coins rather than for by entries in the fund established for the pur- the year of coinage until the Secretary of the Treasury chase of metal for coinage.
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