Page 341 TITLE 31—MONEY AND FINANCE § 5112 ment of the National September 11 Memorial & Mu- Pub. L. 103–457, Nov. 2, 1994, 108 Stat. 4799, recognizing seum. Rabbi Menachem Mendel Schneerson. Pub. L. 111–65, Sept. 30, 2009, 123 Stat. 2003, recogniz- Pub. L. 102–479, Oct. 23, 1992, 106 Stat. 2308, commemo- ing Arnold Palmer. rating the 250th anniversary of the founding of the Pub. L. 111–44, Aug. 7, 2009, 123 Stat. 1966, recognizing American Philosophical Society and of the birth of Neil A. Armstrong, Edwin E. ‘‘Buzz’’ Aldrin, Jr., Mi- Thomas Jefferson. chael Collins, and John Herschel Glenn, Jr. Pub. L. 102–406, Oct. 12, 1992, 106 Stat. 1986, commemo- Pub. L. 111–40, July 1, 2009, 123 Stat. 1958, recognizing rating Benjamin Franklin’s contributions to American the Women Airforce Service Pilots (WASP). fire services. Pub. L. 110–420, Oct. 15, 2008, 122 Stat. 4774, recogniz- Pub. L. 102–281, title III, May 13, 1992, 106 Stat. 137; ing Native American code talkers. Pub. L. 103–328, title II, § 203, Sept. 29, 1994, 108 Stat. Pub. L. 110–260, July 1, 2008, 122 Stat. 2433, recognizing 2369, recognizing members of the United States Armed Senator Edward William Brooke III. Forces who served in a combat zone in connection with Pub. L. 110–259, July 1, 2008, 122 Stat. 2430, recognizing the Persian Gulf conflict. Constantino Brumidi. Pub. L. 102–33, Apr. 23, 1991, 105 Stat. 177, recognizing Pub. L. 110–209, May 6, 2008, 122 Stat. 721, recognizing General Colin L. Powell. Aung San Suu Kyi. Pub. L. 102–32, Apr. 23, 1991, 105 Stat. 175, recognizing Pub. L. 110–95, Oct. 16, 2007, 121 Stat. 1008, recognizing General H. Norman Schwarzkopf. Michael Ellis DeBakey, M.D. Pub. L. 101–510, div. A, title XIV, §§ 1491, 1494, Nov. 5, Pub. L. 109–395, Dec. 14, 2006, 120 Stat. 2708, recogniz- 1990, 104 Stat. 1720, 1722, recognizing General Matthew ing Dr. Norman E. Borlaug. B. Ridgway. Pub. L. 109–357, Oct. 16, 2006, 120 Stat. 2044, recogniz- Pub. L. 101–510, div. A, title XIV, §§ 1492, 1494, Nov. 5, ing Byron Nelson. 1990, 104 Stat. 1721, 1722, recognizing veterans of the Pub. L. 109–287, Sept. 27, 2006, 120 Stat. 1231, recogniz- Armed Forces of the United States who were present in ing the Fourteenth Dalai Lama. Pub. L. 109–213, Apr. 11, 2006, 120 Stat. 322, recognizing Hawaii on Dec. 7, 1941, and participated in combat oper- the Tuskegee Airmen. ations that day. Pub. L. 108–447, div. B, title I, § 124, Dec. 8, 2004, 118 Pub. L. 101–510, div. A, title XIV, §§ 1493, 1494, Nov. 5, Stat. 2871; Pub. L. 109–13, div. A, title VI, § 6060, May 11, 1990, 104 Stat. 1722, commemorating centennial of Yo- 2005, 119 Stat. 297; Pub. L. 115–276, Nov. 3, 2018, 132 Stat. semite National Park. 4166, recognizing members of public safety organiza- Pub. L. 101–296, May 17, 1990, 104 Stat. 197, recognizing tions who were killed in, or died as a result of, the ter- Laurance Spelman Rockefeller. rorist attacks in the United States on Sept. 11, 2001. Pub. L. 101–260, Mar. 30, 1990, 104 Stat. 122, commemo- Pub. L. 108–368, Oct. 25, 2004, 118 Stat. 1746; Pub. L. rating bicentennial of United States Coast Guard. 113–118, § 2, June 9, 2014, 128 Stat. 1183, recognizing Rev- Pub. L. 100–639, Nov. 9, 1988, 102 Stat. 3331, recognizing erend Doctor Martin Luther King, Jr., and his widow Andrew Wyeth. Coretta Scott King. Pub. L. 100–437, §§ 1–3, Sept. 20, 1988, 102 Stat. 1717, rec- Pub. L. 108–180, Dec. 15, 2003, 117 Stat. 2645, recogniz- ognizing Jesse Owens. ing Reverend Joseph A. DeLaine, Harry and Eliza Pub. L. 100–210, §§ 1, 2, Dec. 24, 1987, 101 Stat. 1441, rec- Briggs, and Levi Pearson. ognizing Mary Lasker. Pub. L. 108–162, Dec. 6, 2003, 117 Stat. 2017, recognizing Pub. L. 99–418, Sept. 23, 1986, 100 Stat. 952, recognizing Dr. Dorothy Irene Height. Aaron Copland. Pub. L. 108–101, Oct. 29, 2003, 117 Stat. 1195, recogniz- Pub. L. 99–311, May 20, 1986, 100 Stat. 464, recognizing ing Jackie Robinson. Harry Chapin. Pub. L. 108–60, July 17, 2003, 117 Stat. 862, recognizing Pub. L. 99–298, May 13, 1986, 100 Stat. 432, recognizing Prime Minister Tony Blair. Natan (Anatoly) and Avital Shcharansky. Pub. L. 107–127, Jan. 16, 2002, 115 Stat. 2405, recogniz- Pub. L. 99–295, May 12, 1986, 100 Stat. 427; Pub. L. ing General Henry H. Shelton. 100–210, § 3, Dec. 24, 1987, 101 Stat. 1441; Pub. L. 100–437, Pub. L. 106–554, § 1(a)(4) [div. B, title XI, § 1101], Dec. § 4, Sept. 20, 1988, 102 Stat. 1717, commemorating the 21, 2000, 114 Stat. 2763, 2763A–311, recognizing the Navajo Young Astronaut Program. Code Talkers. Pub. L. 95–630, title IV, §§ 401–407, Nov. 10, 1978, 92 Pub. L. 106–251, July 27, 2000, 114 Stat. 624, recognizing Stat. 3679, 3680, recognizing outstanding individuals in Ronald and Nancy Reagan. the American arts. Pub. L. 106–250, July 27, 2000, 114 Stat. 622, recognizing Pope John Paul II. § 5112. Denominations, specifications, and design Pub. L. 106–225, June 20, 2000, 114 Stat. 457, recogniz- of coins ing Charles M. Schulz. Pub. L. 106–175, Mar. 5, 2000, 114 Stat. 21, recognizing (a) The Secretary of the Treasury may mint Archbishop John Cardinal O’Connor. and issue only the following coins: Pub. L. 106–153, Dec. 9, 1999, 113 Stat. 1733, recognizing (1) a dollar coin that is 1.043 inches in diame- Father Theodore M. Hesburgh. Pub. L. 106–26, May 4, 1999, 113 Stat. 50, recognizing ter. Rosa Parks. (2) a half dollar coin that is 1.205 inches in Pub. L. 105–277, div. C, title I, § 139(a), Oct. 21, 1998, 112 diameter and weighs 11.34 grams. Stat. 2681–597, recognizing the individuals commonly (3) a quarter dollar coin that is 0.955 inch in referred to as the ‘‘Little Rock Nine’’. diameter and weighs 5.67 grams. Pub. L. 105–277, div. C, title I, § 139(b), Oct. 21, 1998, 112 (4) a dime coin that is 0.705 inch in diameter Stat. 2681–598, recognizing Gerald R. and Betty Ford. and weighs 2.268 grams. Pub. L. 105–215, July 29, 1998, 112 Stat. 895, recognizing Nelson Rolihlahla Mandela. (5) a 5-cent coin that is 0.835 inch in diame- Pub. L. 105–51, Oct. 6, 1997, 111 Stat. 1170, recognizing ter and weighs 5 grams. Ecumenical Patriarch Bartholomew. (6) except as provided under subsection (c) of Pub. L. 105–16, June 2, 1997, 111 Stat. 35, recognizing this section, a one-cent coin that is 0.75 inch Mother Teresa of Calcutta. in diameter and weighs 3.11 grams. Pub. L. 105–14, May 14, 1997, 111 Stat. 32, recognizing (7) A fifty dollar gold coin that is 32.7 milli- Frank Sinatra. meters in diameter, weighs 33.931 grams, and Pub. L. 104–201, div. A, title X, § 1066, Sept. 23, 1996, 110 Stat. 2654, recognizing civilians who defended Pearl contains one troy ounce of fine gold. Harbor. (8) A twenty-five dollar gold coin that is 27.0 Pub. L. 104–111, Feb. 13, 1996, 110 Stat. 772, recognizing millimeters in diameter, weighs 16.966 grams, Billy and Ruth Graham. and contains one-half troy ounce of fine gold. § 5112 TITLE 31—MONEY AND FINANCE Page 342

(9) A ten dollar gold coin that is 22.0 milli- (2) The Secretary shall prepare the devices, meters in diameter, weighs 8.483 grams, and models, hubs, and dies for coins, emblems, de- contains one-fourth troy ounce of fine gold. vices, inscriptions, and designs authorized under (10) A five dollar gold coin that is 16.5 milli- this chapter. The Secretary may, after consult- meters in diameter, weighs 3.393 grams, and ing with the Citizens Coinage Advisory Commit- contains one-tenth troy ounce of fine gold. tee and the Commission of Fine Arts, adopt and (11) A $50 gold coin that is of an appropriate prepare new designs or models of emblems or de- size and thickness, as determined by the Sec- vices that are authorized in the same way as retary, weighs 1 ounce, and contains 99.99 per- when new coins or devices are authorized. The cent pure gold. Secretary may change the design or die of a coin (12) A $25 coin of an appropriate size and only once within 25 years of the first adoption of thickness, as determined by the Secretary, the design, model, hub, or die for that coin. The that weighs 1 troy ounce and contains .9995 Secretary may procure services under section fine palladium. 3109 of title 5 in carrying out this paragraph. (b) The half dollar, quarter dollar, and dime (e) Notwithstanding any other provision of coins are clad coins with 3 layers of metal. The law, the Secretary shall mint and issue, in 2 identical outer layers are an alloy of 75 per- qualities and quantities that the Secretary de- cent and 25 percent nickel. The inner termines are sufficient to meet public demand, layer is copper. The outer layers are metallurgi- coins which— cally bonded to the inner layer and weigh at (1) are 40.6 millimeters in diameter and least 30 percent of the weight of the coin. The weigh 31.103 grams; dollar coin shall be golden in color, have a dis- (2) contain .999 fine silver; tinctive edge, have tactile and visual features (3) have a design— (A) symbolic of Liberty on the obverse that make the denomination of the coin readily side; and discernible, be minted and fabricated in the (B) of an eagle on the reverse side; United States, and have similar metallic, anti- counterfeiting properties as United States coin- (4) have inscriptions of the year of minting age in circulation on the date of enactment of or issuance, and the words ‘‘Liberty’’, ‘‘In God the United States $1 Coin Act of 1997. The 5-cent We Trust’’, ‘‘United States of America’’, ‘‘1 Oz. coin is an alloy of 75 percent copper and 25 per- Fine Silver’’, ‘‘’’, and ‘‘One cent nickel. In minting 5-cent coins, the Sec- Dollar’’; and retary shall use bars that vary not more than 2.5 (5) have reeded edges. percent from the percent of nickel required. Ex- (f) SILVER COINS.— cept as provided under subsection (c) of this sec- (1) SALE PRICE.—The Secretary shall sell the tion, the one-cent coin is an alloy of 95 percent coins minted under subsection (e) to the public copper and 5 percent . In minting gold coins, at a price equal to the market value of the the Secretary shall use alloys that vary not bullion at the time of sale, plus the cost of more than 0.1 percent from the percent of gold minting, marketing, and distributing such required. The specifications for alloys are by coins (including labor, materials, dies, use of weight. machinery, and promotional and overhead ex- (c) The Secretary may prescribe the weight penses). and the composition of copper and zinc in the (2) BULK SALES.—The Secretary shall make alloy of the one-cent coin that the Secretary de- bulk sales of the coins minted under sub- cides are appropriate when the Secretary de- section (e) at a reasonable discount. cides that a different weight and alloy of copper (3) NUMISMATIC ITEMS.—For purposes of sec- and zinc are necessary to ensure an adequate tion 5132(a)(1) of this title, all coins minted supply of one-cent coins to meet the needs of the under subsection (e) shall be considered to be United States. numismatic items. (d)(1) United States coins shall have the in- (g) For purposes of section 5132(a)(1) of this scription ‘‘’’. The obverse side of title, all coins minted under subsection (e) of each coin shall have the inscription ‘‘Liberty’’. this section shall be considered to be numis- The reverse side of each coin shall have the in- matic items. scriptions ‘‘United States of America’’ and ‘‘E (h) The coins issued under this title shall be Pluribus Unum’’ and a designation of the value legal tender as provided in section 5103 of this of the coin. The design on the reverse side of the title. dollar, half dollar, and quarter dollar is an (i)(1) Notwithstanding section 5111(a)(1) of this eagle. Subject to other provisions of this sub- title, the Secretary shall mint and issue the section, the obverse of any 5-cent coin issued gold coins described in paragraphs (7), (8), (9), after December 31, 2005, shall bear the likeness and (10) of subsection (a) of this section, in of Thomas Jefferson and the reverse of any such qualities and quantities that the Secretary de- 5-cent coin shall bear an image of the home of termines are sufficient to meet public demand, Thomas Jefferson at Monticello. The Secretary and such gold coins shall— of the Treasury, in consultation with the Con- (A) have a design determined by the Sec- gress, shall select appropriate designs for the ob- retary, except that the fifty dollar gold coin verse and reverse sides of the dollar coin. The shall have— coins have an inscription of the year of minting (i) on the obverse side, a design symbolic or issuance. However, to prevent or alleviate a of Liberty; and shortage of a denomination, the Secretary may (ii) on the reverse side, a design represent- inscribe coins of the denomination with the year ing a family of eagles, with the male carry- that was last inscribed on coins of the denomi- ing an olive branch and flying above a nest nation. containing a female eagle and hatchlings; Page 343 TITLE 31—MONEY AND FINANCE § 5112

(B) have inscriptions of the denomination, (1) REDESIGN BEGINNING IN 1999.— the weight of the fine gold content, the year of (A) IN GENERAL.—Notwithstanding the minting or issuance, and the words ‘‘Liberty’’, fourth sentence of subsection (d)(1) and sub- ‘‘In God We Trust’’, ‘‘United States of Amer- section (d)(2), quarter dollar coins issued ica’’, and ‘‘E Pluribus Unum’’; and during the 10-year period beginning in 1999, (C) have reeded edges. shall have designs on the reverse side se- (2)(A) The Secretary shall sell the coins mint- lected in accordance with this subsection ed under this subsection to the public at a price which are emblematic of the 50 States. equal to the market value of the bullion at the (B) TRANSITION PROVISION.—Notwithstand- time of sale, plus the cost of minting, market- ing subparagraph (A), the Secretary may ing, and distributing such coins (including labor, continue to mint and issue quarter dollars in materials, dies, use of machinery, and pro- 1999 which bear the design in effect before motional and overhead expenses). the redesign required under this subsection (B) The Secretary shall make bulk sales of the and an inscription of the year ‘‘1998’’ as re- coins minted under this subsection at a reason- quired to ensure a smooth transition into able discount. the 10-year program under this subsection. (3) For purposes of section 5132(a)(1) of this (C) FLEXIBILITY WITH REGARD TO PLACE- title, all coins minted under this subsection MENT OF INSCRIPTIONS.—Notwithstanding shall be considered to be numismatic items. subsection (d)(1), the Secretary may select a (4)(A) Notwithstanding any other provision of design for quarter dollars issued during the law and subject to subparagraph (B), the Sec- 10-year period referred to in subparagraph retary of the Treasury may change the diame- (A) in which— ter, weight, or design of any coin minted under (i) the inscription described in the sec- this subsection or the fineness of the gold in the ond sentence of subsection (d)(1) appears alloy of any such coin if the Secretary deter- on the reverse side of any such quarter dol- mines that the specific diameter, weight, design, lars; and or fineness of gold which differs from that other- (ii) any inscription described in the third wise required by law is appropriate for such sentence of subsection (d)(1) or the des- coin. ignation of the value of the coin appears (B) The Secretary may not mint any coin with on the obverse side of any such quarter respect to which a determination has been made dollars. by the Secretary under subparagraph (A) before the end of the 30-day period beginning on the (2) SINGLE STATE DESIGNS.—The design on date a notice of such determination is published the reverse side of each quarter dollar issued in the Federal Register. during the 10-year period referred to in para- (C) The Secretary may continue to mint and graph (1) shall be emblematic of 1 of the 50 issue coins in accordance with the specifications States. contained in paragraphs (7), (8), (9), and (10) of (3) ISSUANCE OF COINS COMMEMORATING 5 subsection (a) and paragraph (1)(A) of this sub- STATES DURING EACH OF THE 10 YEARS.— section at the same time the Secretary in mint- (A) IN GENERAL.—The designs for the quar- ing and issuing other bullion and proof gold ter dollar coins issued during each year of coins under this subsection in accordance with the 10-year period referred to in paragraph such program procedures and coin specifica- (1) shall be emblematic of 5 States selected tions, designs, varieties, quantities, denomina- in the order in which such States ratified tions, and inscriptions as the Secretary, in the the Constitution of the United States or Secretary’s discretion, may prescribe from time were admitted into the Union, as the case to time. may be. (j) GENERAL WAIVER OF PROCUREMENT REGULA- (B) NUMBER OF EACH OF 5 COIN DESIGNS IN TIONS.— EACH YEAR.—Of the quarter dollar coins is- (1) IN GENERAL.—Except as provided in para- sued during each year of the 10-year period graph (2), no provision of law governing pro- referred to in paragraph (1), the Secretary of curement or public contracts shall be applica- the Treasury shall prescribe, on the basis of ble to the procurement of goods or services such factors as the Secretary determines to necessary for minting, marketing, or issuing be appropriate, the number of quarter dol- any coin authorized under paragraph (7), (8), lars which shall be issued with each of the 5 (9), or (10) of subsection (a) or subsection (e), designs selected for such year. including any proof version of any such coin. (4) SELECTION OF DESIGN.— (2) EQUAL EMPLOYMENT OPPORTUNITY.—Para- (A) IN GENERAL.—Each of the 50 designs re- graph (1) shall not relieve any person entering into a contract with respect to any coin re- quired under this subsection for quarter dol- ferred to in such paragraph from complying lars shall be— (i) selected by the Secretary after con- with any law relating to equal employment sultation with— opportunity. (I) the Governor of the State being (k) The Secretary may mint and issue plati- commemorated, or such other State offi- num bullion coins and proof platinum coins in cials or group as the State may des- accordance with such specifications, designs, va- ignate for such purpose; and rieties, quantities, denominations, and inscrip- (II) the Commission of Fine Arts; and tions as the Secretary, in the Secretary’s discre- (ii) reviewed by the Citizens Coinage Ad- tion, may prescribe from time to time. visory Committee. (l) REDESIGN AND ISSUANCE OF QUARTER DOL- LAR IN COMMEMORATION OF EACH OF THE 50 (B) SELECTION AND APPROVAL PROCESS.— STATES.— Designs for quarter dollars may be submit- § 5112 TITLE 31—MONEY AND FINANCE Page 344

ted in accordance with the design selection (ii) not more than 500,000 silver one-dol- and approval process developed by the Sec- lar coins; and retary in the sole discretion of the Sec- (iii) not more than 100,000 gold five-dol- retary. lar or ten-dollar coins. (C) PARTICIPATION.—The Secretary may in- (B) EXCEPTION.—If the Secretary deter- clude participation by State officials, artists mines, based on independent, market-based from the States, engravers of the United research conducted by a designated recipient States Mint, and members of the general organization of a commemorative coin pro- public. gram, that the mintage levels described in (D) STANDARDS.—Because it is important subparagraph (A) are not adequate to meet that the Nation’s coinage and currency bear public demand for that commemorative dignified designs of which the citizens of the coin, the Secretary may waive one or more United States can be proud, the Secretary of the requirements of subparagraph (A) shall not select any frivolous or inappropri- with respect to that commemorative coin ate design for any quarter dollar minted program. under this subsection. (C) DESIGNATED RECIPIENT ORGANIZATION (E) PROHIBITION ON CERTAIN REPRESENTA- DEFINED.—For purposes of this paragraph, TIONS.—No head and shoulders portrait or the term ‘‘designated recipient organiza- bust of any person, living or dead, and no tion’’ means any organization designated, portrait of a living person may be included under any provision of law, as the recipient in the design of any quarter dollar under of any surcharge imposed on the sale of any this subsection. numismatic item. (5) TREATMENT AS NUMISMATIC ITEMS.—For (n) REDESIGN AND ISSUANCE OF CIRCULATING $1 purposes of sections 5134 and 5136, all coins COINS HONORING EACH OF THE PRESIDENTS OF THE minted under this subsection shall be consid- UNITED STATES.— ered to be numismatic items. (1) REDESIGN BEGINNING IN 2007.—Notwith- (6) ISSUANCE.— standing subsection (d) and in accordance with (A) QUALITY OF COINS.—The Secretary may mint and issue such number of quarter dol- the provisions of this subsection, $1 coins is- lars of each design selected under paragraph sued during the period beginning January 1, (4) in uncirculated and proof qualities as the 2007, and ending upon the termination of the Secretary determines to be appropriate. program under paragraph (8), shall— (B) SILVER COINS.—Notwithstanding sub- (A) have designs on the obverse selected in section (b), the Secretary may mint and accordance with paragraph (2)(B) which are issue such number of quarter dollars of each emblematic of the Presidents of the United design selected under paragraph (4) as the States; and Secretary determines to be appropriate, (B) have a design on the reverse selected in with a content of 90 percent silver and 10 accordance with paragraph (2)(A). percent copper. (2) DESIGN REQUIREMENTS.—The $1 coins is- (C) SOURCES OF BULLION.—The Secretary sued in accordance with paragraph (1)(A) shall shall obtain silver for minting coins under meet the following design requirements: subparagraph (B) from available resources, (A) COIN REVERSE.—The design on the re- including stockpiles established under the verse shall bear— Strategic and Critical Materials Stock Pil- (i) a likeness of the Statue of Liberty ex- ing Act. tending to the rim of the coin and large enough to provide a dramatic representa- (7) APPLICATION IN EVENT OF THE ADMISSION tion of Liberty while not being large OF ADDITIONAL STATES.—If any additional State is admitted into the Union before the enough to create the impression of a ‘‘2- end of the 10-year period referred to in para- headed’’ coin; graph (1), the Secretary of the Treasury may (ii) the inscription ‘‘$1’’; and (iii) the inscription ‘‘United States of issue quarter dollar coins, in accordance with America’’. this subsection, with a design which is em- blematic of such State during any 1 year of (B) COIN OBVERSE.—The design on the ob- such 10-year period, in addition to the quarter verse shall contain— dollar coins issued during such year in accord- (i) the name and likeness of a President ance with paragraph (3)(A). of the United States; and (ii) basic information about the Presi- (m) COMMEMORATIVE COIN PROGRAM RESTRIC- dent, including— TIONS.— (I) the dates or years of the term of of- (1) MAXIMUM NUMBER.—Beginning January 1, fice of such President; and 1999, the Secretary may mint and issue com- (II) a number indicating the order of memorative coins under this section during the period of service in which the Presi- any calendar year with respect to not more dent served. than 2 commemorative coin programs. (2) MINTAGE LEVELS.— (C) EDGE-INCUSED INSCRIPTIONS.— (A) IN GENERAL.—Except as provided in (i) IN GENERAL.—The inscription of the subparagraph (B), in carrying out any com- year of minting or issuance of the coin and memorative coin program, the Secretary the inscription ‘‘E Pluribus Unum’’ shall shall mint— be edge-incused into the coin. (i) not more than 750,000 clad half-dollar (ii) PRESERVATION OF DISTINCTIVE EDGE.— coins; The edge-incusing of the inscriptions Page 345 TITLE 31—MONEY AND FINANCE § 5112

under clause (i) on coins issued under this coins of each design selected under this sub- subsection shall be done in a manner that section in uncirculated and proof qualities as preserves the distinctive edge of the coin the Secretary determines to be appropriate. so that the denomination of the coin is (8) TERMINATION OF PROGRAM.—The issuance readily discernible, including by individ- of coins under this subsection shall terminate uals who are blind or visually impaired. when each President has been so honored, sub- (D) INSCRIPTIONS OF ‘‘LIBERTY’’.—Notwith- ject to paragraph (2)(E), and may not be re- standing the second sentence of subsection sumed except by an Act of Congress. (d)(1), because the use of a design bearing (9) REVERSION TO PRECEDING DESIGN.—Upon the likeness of the Statue of Liberty on the the termination of the issuance of coins under reverse of the coins issued under this sub- this subsection, the design of all $1 coins shall section adequately conveys the concept of revert to the so-called ‘‘Sacagawea-design’’ $1 Liberty, the inscription of ‘‘Liberty’’ shall coins. not appear on the coins. (o) FIRST SPOUSE BULLION COIN PROGRAM.— (E) LIMITATION IN SERIES TO DECEASED (1) IN GENERAL.—During the same period de- PRESIDENTS.—No coin issued under this sub- scribed in subsection (n), the Secretary shall section may bear the image of a living issue bullion coins under this subsection that former or current President, or of any de- are emblematic of the spouse of each such ceased former President during the 2-year President. period following the date of the death of (2) SPECIFICATIONS.—The coins issued under that President. this subsection shall— (F) INSCRIPTION OF ‘‘IN GOD WE TRUST’’.— (A) have the same diameter as the $1 coins The design on the obverse or the reverse described in subsection (n); shall bear the inscription ‘‘In God We (B) weigh 0.5 ounce; and Trust’’. (C) contain 99.99 percent pure gold. (3) ISSUANCE OF COINS COMMEMORATING PRESI- (3) DESIGN REQUIREMENTS.— DENTS.— (A) COIN OBVERSE.—The design on the ob- (A) ORDER OF ISSUANCE.—The coins issued verse of each coin issued under this sub- under this subsection commemorating Presi- section shall contain— dents of the United States shall be issued in (i) the name and likeness of a person who the order of the period of service of each was a spouse of a President during the President, beginning with President George President’s period of service; Washington. (ii) an inscription of the years during (B) TREATMENT OF PERIOD OF SERVICE.— (i) IN GENERAL.—Subject to clause (ii), which such person was the spouse of a only 1 coin design shall be issued for a pe- President during the President’s period of riod of service for any President, no mat- service; and ter how many consecutive terms of office (iii) a number indicating the order of the the President served. period of service in which such President (ii) NONCONSECUTIVE TERMS.—If a Presi- served. dent has served during 2 or more non- (B) COIN REVERSE.—The design on the re- consecutive periods of service, a coin shall verse of each coin issued under this sub- be issued under this subsection for each section shall bear— such nonconsecutive period of service. (i) images emblematic of the life and (4) ISSUANCE OF COINS COMMEMORATING 4 work of the First Spouse whose image is PRESIDENTS DURING EACH YEAR OF THE PE- borne on the obverse; and RIOD.— (ii) the inscription ‘‘United States of (A) IN GENERAL.—The designs for the $1 America’’. coins issued during each year of the period (C) DESIGNATED DENOMINATION.—Each coin referred to in paragraph (1) shall be emblem- issued under this subsection shall bear, on atic of 4 Presidents until each President has the reverse, an inscription of the nominal been so honored, subject to paragraph (2)(E). denomination of the coin which shall be (B) NUMBER OF 4 CIRCULATING COIN DESIGNS ‘‘$10’’. IN EACH YEAR .—The Secretary shall pre- (D) DESIGN IN CASE OF NO FIRST SPOUSE.—In scribe, on the basis of such factors as the the case of any President who served with- Secretary determines to be appropriate, the out a spouse— number of $1 coins that shall be issued with (i) the image on the obverse of the bul- each of the designs selected for each year of lion coin corresponding to the $1 coin re- the period referred to in paragraph (1). lating to such President shall be an image (5) LEGAL TENDER.—The coins minted under emblematic of the concept of ‘‘Liberty’’— this title shall be legal tender, as provided in (I) as represented on a United States section 5103. coin issued during the period of service (6) TREATMENT AS NUMISMATIC ITEMS.—For of such President; or purposes of section 1 5134 and 5136, all coins (II) as represented, in the case of Presi- minted under this subsection shall be consid- dent Chester Alan Arthur, by a design ered to be numismatic items. incorporating the name and likeness of (7) ISSUANCE OF NUMISMATIC COINS.—The Sec- Alice Paul, a leading strategist in the retary may mint and issue such number of $1 suffrage movement, who was instrumen- tal in gaining women the right to vote 1 So in original. Probably should be ‘‘sections’’. upon the adoption of the 19th amend- § 5112 TITLE 31—MONEY AND FINANCE Page 346

ment and thus the ability to participate (8) BRONZE MEDALS.—The Secretary may in the election of future Presidents, and strike and sell bronze medals that bear the who was born on January 11, 1885, during likeness of the bullion coins authorized under the term of President Arthur; and this subsection, at a price, size, and weight, (ii) the reverse of such bullion coin shall and with such inscriptions, as the Secretary be of a design representative of themes of determines to be appropriate. (9) LEGAL TENDER.—The coins minted under such President, except that in the case of this title shall be legal tender, as provided in the bullion coin referred to in clause (i)(II) section 5103. the reverse of such coin shall be represent- (10) TREATMENT AS NUMISMATIC ITEMS.—For ative of the suffrage movement. purposes of section 1 5134 and 5136, all coins (E) DESIGN AND COIN FOR EACH SPOUSE.—A minted under this subsection shall be consid- separate coin shall be designed and issued ered to be numismatic items. under this section for each person who was (p) REMOVAL OF BARRIERS TO CIRCULATION OF the spouse of a President during any portion $1 COIN.— of a term of office of such President. (1) ACCEPTANCE BY AGENCIES AND INSTRUMEN- (F) INSCRIPTIONS.—Each bullion coin issued TALITIES.—Beginning January 1, 2006, all agen- under this subsection shall bear the inscrip- cies and instrumentalities of the United tion of the year of minting or issuance of the States, the United States Postal Service, all coin and such other inscriptions as the Sec- nonappropriated fund instrumentalities estab- retary may determine to be appropriate. lished under title 10, and all transit systems (4) SALE OF BULLION COINS.—Each bullion that receive operational subsidies or any dis- coin issued under this subsection shall be sold bursement of funds from the Federal Govern- by the Secretary at a price that is equal to or ment, such as funds from the Federal Highway greater than the sum of— Trust Fund, including the Mass Transit Ac- (A) the face value of the coins; and count, shall take such action as may be appro- (B) the cost of designing and issuing the priate to ensure that by the end of the 2-year coins (including labor, materials, dies, use of period beginning on such date— machinery, overhead expenses, marketing, (A) any business operations conducted by and shipping). any such agency, instrumentality, system, or entity that involve coins or currency will (5) ISSUANCE OF COINS COMMEMORATING FIRST be fully capable of— SPOUSES.— (i) accepting $1 coins in connection with (A) IN GENERAL.—The bullion coins issued such operations; and under this subsection with respect to any (ii) other than vending machines that do spouse of a President shall be issued on the not receive currency denominations higher same schedule as the $1 coin issued under than $1, dispensing $1 coins in connection subsection (n) with respect to each such with such operations; and President. (B) display signs and notices denoting such (B) MAXIMUM NUMBER OF BULLION COINS FOR capability on the premises where coins or EACH DESIGN.—The Secretary shall— (i) prescribe, on the basis of such factors currency are accepted or dispensed, includ- as the Secretary determines to be appro- ing on each vending machine. priate, the maximum number of bullion This paragraph does not apply with respect to coins that shall be issued with each of the business operations conducted by any entity designs selected under this subsection; and under a contract with an agency or instrumen- (ii) announce, before the issuance of the tality of the United States, including with any bullion coins of each such design, the max- nonappropriated fund instrumentality estab- imum number of bullion coins of that de- lished under title 10. sign that will be issued. (2) PUBLICITY.—The Director of the ,2 shall work closely with con- (C) TERMINATION OF PROGRAM.—No bullion sumer groups, media outlets, and schools to coin may be issued under this subsection ensure an adequate amount of news coverage, after the termination, in accordance with and other means of increasing public aware- subsection (n)(8), of the $1 coin program es- ness, of the inauguration of the Presidential $1 tablished under subsection (n). Coin Program established in subsection (n) to (6) QUALITY OF COINS.—The bullion coins ensure that consumers know of the availabil- minted under this Act shall be issued in both ity of the coin. proof and uncirculated qualities. (3) COORDINATION.—The Board of Governors (7) SOURCE OF GOLD BULLION.— of the System and the Sec- (A) IN GENERAL.—The Secretary shall ac- retary shall take steps to ensure that an ade- quire gold for the coins issued under this quate supply of $1 coins is available for com- subsection by purchase of gold mined from merce and collectors at such places and in natural deposits in the United States, or in such quantities as are appropriate by— a territory or possession of the United (A) consulting, to accurately gauge de- States, within 1 year after the month in mand for coins and to anticipate and elimi- which the ore from which it is derived was nate obstacles to the easy and efficient dis- mined. tribution and circulation of $1 coins as well (B) PRICE OF GOLD.—The Secretary shall as all other circulating coins, from time to pay not more than the average world price for the gold mined under subparagraph (A). 2 So in original. The comma probably should not appear. Page 347 TITLE 31—MONEY AND FINANCE § 5112

time but no less frequently than annually, and after consultation with the Board of Gov- with a coin users group, which may in- ernors of the Federal Reserve System, the Sec- clude— retary shall notify the Congress of its assess- (i) representatives of merchants who ment of issues related to the co-circulation of would benefit from the increased usage of any circulating $1 coin bearing any design, $1 coins; other than the so-called ‘‘Sacagawea-design’’ (ii) vending machine and other coin ac- $1 coin, in effect before the issuance of coins ceptor manufacturers; required under subsection (n), including the ef- (iii) vending machine owners and opera- fect of co-circulation on the acceptance and tors; use of $1 coins, and make recommendations to (iv) transit officials; the Congress for improving the circulation of (v) municipal parking officials; $1 coins. (vi) depository institutions; (vii) coin and currency handlers; (q) GOLD BULLION COINS.— (viii) armored-car operators; (1) IN GENERAL.—Not later than 6 months (ix) car wash operators; and after the date of enactment of the Presidential (x) coin collectors and dealers; $1 Coin Act of 2005, the Secretary shall com- mence striking and issuing for sale such num- (B) submitting an annual report to the ber of $50 gold bullion and proof coins as the Congress containing— Secretary may determine to be appropriate, in (i) an assessment of the remaining obsta- such quantities, as the Secretary, in the Sec- cles to the efficient and timely circulation retary’s discretion, may prescribe. of coins, particularly $1 coins; (2) INITIAL DESIGN.— (ii) an assessment of the extent to which (A) IN GENERAL.—Except as provided under the goals of subparagraph (C) are being subparagraph (B), the obverse and reverse of met; and the gold bullion coins struck under this sub- (iii) such recommendations for legisla- section during the first year of issuance tive action the Board and the Secretary shall bear the original designs by James may determine to be appropriate; Earle Fraser, which appear on the 5-cent (C) consulting with industry representa- coin commonly referred to as the ‘‘Buffalo tives to encourage operators of vending ma- nickel’’ or the ‘‘1913 Type 1’’. chines and other automated coin-accepting (B) VARIATIONS.—The coins referred to in devices in the United States to accept coins subparagraph (A) shall— issued under the Presidential $1 Coin Pro- (i) have inscriptions of the weight of the gram established under subsection (n) and coin and the nominal denomination of the any coins bearing any design in effect before coin incused in that portion of the design the issuance of coins required under sub- on the reverse of the coin commonly section (n) (including the so-called known as the ‘‘grassy mound’’; and (ii) bear such other inscriptions as the ‘‘Sacagawea-design’’ $1 coins), and to include Secretary determines to be appropriate. notices on the machines and devices of such acceptability; (3) SOURCE OF GOLD BULLION.— (D) ensuring that— (A) IN GENERAL.—The Secretary shall ac- (i) during an introductory period, all in- quire gold for the coins issued under this stitutions that want unmixed supplies of subsection by purchase of gold mined from each newly-issued design of $1 coins mint- natural deposits in the United States, or in ed under subsections (n) and (o) are able to a territory or possession of the United obtain such unmixed supplies; and States, within 1 year after the month in (ii) circulating coins will be available for which the ore from which it is derived was ordinary commerce in packaging of sizes mined. and types appropriate for and useful to or- (B) PRICE OF GOLD.—The Secretary shall dinary commerce, including rolled coins; pay not more than the average world price for the gold mined under subparagraph (A). (E) working closely with any agency, in- strumentality, system, or entity referred to (4) SALE OF COINS.—Each gold bullion coin is- in paragraph (1) to facilitate compliance sued under this subsection shall be sold for an with the requirements of such paragraph; amount the Secretary determines to be appro- and priate, but not less than the sum of— (F) identifying, analyzing, and overcoming (A) the market value of the bullion at the barriers to the robust circulation of $1 coins time of sale; and minted under subsections (n) and (o), includ- (B) the cost of designing and issuing the ing the use of demand prediction, improved coins, including labor, materials, dies, use of methods of distribution and circulation, and machinery, overhead expenses, marketing, improved public education and awareness and shipping. campaigns. (5) LEGAL TENDER.—The coins minted under (4) BULLION DEALERS.—The Director of the this title shall be legal tender, as provided in United States Mint shall take all steps nec- section 5103. essary to ensure that a maximum number of (6) TREATMENT AS NUMISMATIC ITEMS.—For 1 reputable, reliable, and responsible dealers are purposes of section 5134 and 5136, all coins qualified to offer for sale all bullion coins minted under this subsection shall be consid- struck and issued by the United States Mint. ered to be numismatic items. (5) REVIEW OF CO-CIRCULATION.—At such time (r) REDESIGN AND ISSUANCE OF CIRCULATING $1 as the Secretary determines to be appropriate, COINS HONORING NATIVE AMERICANS AND THE IM- § 5112 TITLE 31—MONEY AND FINANCE Page 348

PORTANT CONTRIBUTIONS MADE BY INDIAN TRIBES (II) the Iroquois Confederacy; AND INDIVIDUAL NATIVE AMERICANS IN UNITED (III) Wampanoag Chief Massasoit; STATES HISTORY.— (IV) the ‘‘Pueblo Revolt’’; (1) REDESIGN BEGINNING IN 2008.— (V) Olympian Jim Thorpe; (A) IN GENERAL.—Effective beginning Jan- (VI) Ely S. Parker, a general on the uary 1, 2008, notwithstanding subsection (d), staff of General Ulysses S. Grant and in addition to the coins to be issued pursu- later head of the Bureau of Indian Af- ant to subsection (n), and in accordance with fairs; and this subsection, the Secretary shall mint (VII) code talkers who served the and issue $1 coins that— United States Armed Forces during (i) have as the designs on the obverse the World War I and World War II; and so-called ‘‘Sacagawea design’’; and (iv) in the case of a design depicting the (ii) have a design on the reverse selected contribution of an individual Native Amer- in accordance with paragraph (2)(A), sub- ican to the development of the United ject to paragraph (3)(A). States and the history of the United (B) DELAYED DATE.—If the date of the en- States, shall not depict the individual in a actment of the Native American $1 Coin Act size such that the coin could be considered is after August 25, 2007, subparagraph (A) to be a ‘‘2-headed’’ coin. shall be applied by substituting ‘‘2009’’ for ‘‘2008’’. (E) INSCRIPTION OF ‘‘IN GOD WE TRUST’’.— The design on the obverse or the reverse (2) DESIGN REQUIREMENTS.—The $1 coins is- shall bear the inscription ‘‘In God We sued in accordance with paragraph (1) shall Trust’’. meet the following design requirements: (A) COIN REVERSE.—The design on the re- (3) ISSUANCE OF COINS COMMEMORATING 1 NA- verse shall bear— TIVE AMERICAN EVENT DURING EACH YEAR.— (i) images celebrating the important (A) IN GENERAL.—Each design for the re- contributions made by Indian tribes and verse of the $1 coins issued during each year individual Native Americans to the devel- shall be emblematic of 1 important Native opment of the United States and the his- American or Native American contribution tory of the United States; each year. (ii) the inscription ‘‘$1’’; and (B) ISSUANCE PERIOD.—Each $1 coin minted (iii) the inscription ‘‘United States of with a design on the reverse in accordance America’’. with this subsection for any year shall be is- sued during the 1-year period beginning on (B) COIN OBVERSE.—The design on the ob- January 1 of that year and shall be available verse shall— (i) be chosen by the Secretary, after con- throughout the entire 1-year period. (C) ORDER OF ISSUANCE OF DESIGNS.—Each sultation with the Commission of Fine coin issued under this subsection commemo- Arts and review by the Citizens Coinage rating Native Americans and their contribu- Advisory Committee; and (ii) contain the so-called ‘‘Sacagawea de- tions— sign’’ and the inscription ‘‘Liberty’’. (i) shall be issued, to the maximum ex- tent practicable, in the chronological (C) EDGE-INCUSED INSCRIPTIONS.— order in which the Native Americans lived (i) IN GENERAL.—The inscription of the or the events occurred, until the termi- year of minting and issuance of the coin nation of the coin program described in and the inscription ‘‘E Pluribus Unum’’ subsection (n); and shall be edge-incused into the coin. (ii) thereafter shall be issued in any (ii) PRESERVATION OF DISTINCTIVE EDGE.— order determined to be appropriate by the The edge-incusing of the inscriptions Secretary, after consultation with the under clause (i) on coins issued under this Committee on Indian Affairs of the Sen- subsection shall be done in a manner that ate, the Congressional Native American preserves the distinctive edge of the coin Caucus of the House of Representatives, so that the denomination of the coin is and the National Congress of American In- readily discernible, including by individ- dians. uals who are blind or visually impaired. (4) ISSUANCE OF NUMISMATIC COINS.—The Sec- (D) REVERSE DESIGN SELECTION.—The de- retary may mint and issue such number of $1 signs selected for the reverse of the coins de- coins of each design selected under this sub- scribed under this subsection— section in uncirculated and proof qualities as (i) shall be chosen by the Secretary after the Secretary determines to be appropriate. consultation with the Committee on In- (5) QUANTITY.—The number of $1 coins mint- dian Affairs of the Senate, the Congres- ed and issued in a year with the Sacagawea-de- sional Native American Caucus of the sign on the obverse shall be not less than 20 House of Representatives, the Commission percent of the total number of $1 coins minted of Fine Arts, and the National Congress of and issued in such year. American Indians; (ii) shall be reviewed by the Citizens (s) REDESIGN AND ISSUANCE OF CIRCULATING Coinage Advisory Committee; QUARTER DOLLAR HONORING THE DISTRICT OF CO- (iii) may depict individuals and events LUMBIA AND EACH OF THE TERRITORIES.— such as— (1) REDESIGN IN 2009.— (I) the creation of Cherokee written (A) IN GENERAL.—Notwithstanding the language; fourth sentence of subsection (d)(1) and sub- Page 349 TITLE 31—MONEY AND FINANCE § 5112

section (d)(2) and subject to paragraph (6)(B), minted under this subsection shall be consid- quarter dollar coins issued during 2009, shall ered to be numismatic items. have designs on the reverse side selected in (5) ISSUANCE.— accordance with this subsection which are (A) QUALITY OF COINS.—The Secretary may emblematic of the District of Columbia and mint and issue such number of quarter dol- the territories. lars of each design selected under paragraph (B) FLEXIBILITY WITH REGARD TO PLACE- (3) in uncirculated and proof qualities as the MENT OF INSCRIPTIONS.—Notwithstanding Secretary determines to be appropriate. subsection (d)(1), the Secretary may select a (B) SILVER COINS.—Notwithstanding sub- design for quarter dollars issued during 2009 section (b), the Secretary may mint and in which— issue such number of quarter dollars of each (i) the inscription described in the sec- design selected under paragraph (3) as the ond sentence of subsection (d)(1) appears Secretary determines to be appropriate, on the reverse side of any such quarter dol- with a content of 90 percent silver and 10 lars; and percent copper. (ii) any inscription described in the third (C) TIMING AND ORDER OF ISSUANCE.—Coins sentence of subsection (d)(1) or the des- minted under this subsection honoring the ignation of the value of the coin appears District of Columbia and each of the terri- on the obverse side of any such quarter tories shall be issued in equal sequential in- dollars. tervals during 2009 in the following order: (2) SINGLE DISTRICT OR TERRITORY DESIGN.— the District of Columbia, the Common- The design on the reverse side of each quarter wealth of , Guam, American dollar issued during 2009 shall be emblematic Samoa, the United States Virgin Islands, of one of the following: The District of Colum- and the Commonwealth of the Northern bia, the Commonwealth of Puerto Rico, Guam, Mariana Islands. American Samoa, the United States Virgin Is- (6) OTHER PROVISIONS.— lands, and the Commonwealth of the Northern (A) APPLICATION IN EVENT OF ADMISSION AS Mariana Islands. A STATE.—If the District of Columbia or any (3) SELECTION OF DESIGN.— territory becomes a State before the end of (A) IN GENERAL.—Each of the 6 designs re- the 10-year period referred to in subsection quired under this subsection for quarter dol- (l)(1), subsection (l)(7) shall apply, and this lars shall be— subsection shall not apply, with respect to (i) selected by the Secretary after con- such State. sultation with— (B) APPLICATION IN EVENT OF INDEPEND- (I) the chief executive of the District of ENCE.—If any territory becomes independent Columbia or the territory being honored, or otherwise ceases to be a territory or pos- or such other officials or group as the session of the United States before quarter chief executive officer of the District of dollars bearing designs which are emblem- Columbia or the territory may designate atic of such territory are minted pursuant to for such purpose; and this subsection, this subsection shall cease (II) the Commission of Fine Arts; and to apply with respect to such territory. (ii) reviewed by the Citizens Coinage Ad- (7) TERRITORY DEFINED.—For purposes of this visory Committee. subsection, the term ‘‘territory’’ means the (B) SELECTION AND APPROVAL PROCESS.— Commonwealth of Puerto Rico, Guam, Amer- Designs for quarter dollars may be submit- ican Samoa, the United States Virgin Islands, ted in accordance with the design selection and the Commonwealth of the Northern Mari- and approval process developed by the Sec- ana Islands. retary in the sole discretion of the Sec- (t) REDESIGN AND ISSUANCE OF QUARTER DOL- retary. LARS EMBLEMATIC OF NATIONAL SITES IN EACH (C) PARTICIPATION.—The Secretary may in- STATE, THE DISTRICT OF COLUMBIA, AND EACH clude participation by District or territorial TERRITORY.— officials, artists from the District of Colum- (1) REDESIGN BEGINNING UPON COMPLETION OF bia or the territory, engravers of the United PRIOR PROGRAM.— States Mint, and members of the general (A) IN GENERAL.—Notwithstanding the public. fourth sentence of subsection (d)(1) and sub- (D) STANDARDS.—Because it is important section (d)(2), quarter dollars issued begin- that the Nation’s coinage and currency bear ning in 2010 shall have designs on the reverse dignified designs of which the citizens of the selected in accordance with this subsection United States can be proud, the Secretary which are emblematic of the national sites shall not select any frivolous or inappropri- in the States, the District of Columbia and ate design for any quarter dollar minted the territories of the United States. under this subsection. (B) FLEXIBILITY WITH REGARD TO PLACE- (E) PROHIBITION ON CERTAIN REPRESENTA- MENT OF INSCRIPTIONS.—Notwithstanding TIONS.—No head and shoulders portrait or subsection (d)(1), the Secretary may select a bust of any person, living or dead, and no design for quarter dollars referred to in sub- portrait of a living person may be included paragraph (A) in which— in the design of any quarter dollar under (i) the inscription described in the sec- this subsection. ond sentence of subsection (d)(1) appears (4) TREATMENT AS NUMISMATIC ITEMS.—For on the reverse side of any such quarter dol- purposes of sections 5134 and 5136, all coins lars; and § 5112 TITLE 31—MONEY AND FINANCE Page 350

(ii) any inscription described in the third trait of a living person, and no outline or sentence of subsection (d)(1) or the des- map of a State may be included in the design ignation of the value of the coin appears on the reverse of any quarter dollar under on the obverse side of any such quarter this subsection. dollars. (4) ISSUANCE OF COINS.— (C) INCLUSION OF DISTRICT OF COLUMBIA, (A) ORDER OF ISSUANCE.—The quarter dol- AND TERRITORIES.—For purposes of this sub- lar coins issued under this subsection bear- section, the term ‘‘State’’ has the same ing designs of national sites shall be issued meaning as in section 3(a)(3) of the Federal in the order in which the sites selected under Deposit Insurance Act. paragraph (3) were first established as a na- tional site. (2) SINGLE SITE IN EACH STATE.—The design (B) RATE OF ISSUANCE.—The quarter dollar on the reverse side of each quarter dollar is- coins bearing designs of national sites under sued during the period of issuance under this this subsection shall be issued at the rate of subsection shall be emblematic of 1 national 5 new designs during each year of the period site in each State. of issuance under this subsection. (3) SELECTION OF SITE AND DESIGN.— (C) NUMBER OF EACH OF 5 COIN DESIGNS IN (A) SITE.— EACH YEAR.—Of the quarter dollar coins is- (i) IN GENERAL.—The selection of a na- tional park or other national site in each sued during each year of the period of issu- State to be honored with a coin under this ance, the Secretary of the Treasury shall subsection shall be made by the Secretary prescribe, on the basis of such factors as the of the Treasury, after consultation with Secretary determines to be appropriate, the the Secretary of the Interior and the gov- number of quarter dollars which shall be is- ernor or other chief executive of each sued with each of the designs selected for State with respect to which a coin is to be such year. issued under this subsection, and after giv- (5) TREATMENT AS NUMISMATIC ITEMS.—For ing full and thoughtful consideration to purposes of sections 5134 and 5136, all coins national sites that are not under the juris- minted under this subsection shall be consid- diction of the Secretary of the Interior so ered to be numismatic items. that the national site chosen for each (6) ISSUANCE.— State shall be the most appropriate in (A) QUALITY OF COINS.—The Secretary may terms of natural or historic significance. mint and issue such number of quarter dol- (ii) TIMING.—The selection process under lars of each design selected under paragraph clause (i) shall be completed before the end (3) in uncirculated and proof qualities as the of the 270-day period beginning on the date Secretary determines to be appropriate. of the enactment of the America’s Beau- (B) SILVER COINS.—Notwithstanding sub- tiful National Parks Quarter Dollar Coin section (b), the Secretary may mint and Act of 2008. issue such number of quarter dollars of each design selected under paragraph (3) as the (B) DESIGN.—Each of the designs required Secretary determines to be appropriate, under this subsection for quarter dollars with a content of not less than 90 percent shall be— silver. (i) selected by the Secretary after con- sultation with— (7) PERIOD OF ISSUANCE.— (I) the Secretary of the Interior; and (A) IN GENERAL.—Subject to paragraph (2), (II) the Commission of Fine Arts; and the program established under this sub- section shall continue in effect until a na- (ii) reviewed by the Citizens Coinage Ad- tional site in each State has been honored. visory Committee. (B) SECOND ROUND AT DISCRETION OF SEC- (C) SELECTION AND APPROVAL PROCESS.— RETARY.— Recommendations for site selections and de- (i) DETERMINATION.—The Secretary may signs for quarter dollars may be submitted make a determination before the end of in accordance with the site and design selec- the 9-year period beginning when the first tion and approval process developed by the quarter dollar is issued under this sub- Secretary in the sole discretion of the Sec- section to continue the period of issuance retary. until a second national site in each State, (D) PARTICIPATION IN DESIGN.—The Sec- the District of Columbia, and each terri- retary may include participation by officials tory referred to in this subsection has been of the State, artists from the State, engrav- honored with a design on a quarter dollar. ers of the United States Mint, and members (ii) NOTICE AND REPORT.—Within 30 days of the general public. after making a determination under clause (E) STANDARDS.—Because it is important (i), the Secretary shall submit a written that the Nation’s coinage and currency bear report on such determination to the Com- dignified designs of which the citizens of the mittee on Financial Services of the House United States can be proud, the Secretary of Representatives and the Committee on shall not select any frivolous or inappropri- Banking, Housing, and Urban Affairs of ate design for any quarter dollar minted the Senate. under this subsection. (iii) APPLICABILITY OF PROVISIONS.—If the (F) PROHIBITION ON CERTAIN REPRESENTA- Secretary makes a determination under TIONS.—No head and shoulders portrait or clause (i), the provisions of this subsection bust of any person, living or dead, no por- applicable to site and design selection and Page 351 TITLE 31—MONEY AND FINANCE § 5112

approval, the order, timing, and conditions (A) shall become available for sale no of issuance shall apply in like manner as sooner than the first day of the calendar the initial issuance of quarter dollars year in which the circulating quarter dollar under this subsection, except that the issu- of which such bullion coin is a duplicate is ance of quarter dollars pursuant to such issued; and determination bearing the first design (B) may only be available for sale during shall commence in order immediately fol- the year in which such circulating quarter lowing the last issuance of quarter dollars dollar is issued. under the first round. (3) DISTRIBUTION.— (iv) CONTINUATION UNTIL ALL STATES ARE (A) IN GENERAL.—In addition to the au- HONORED.—If the Secretary makes a deter- thorized dealers utilized by the Secretary in mination under clause (i), the program under this subsection shall continue until distributing bullion coins and solely for pur- a second site in each State has been so poses of distributing bullion coins issued honored. under this subsection, the Director of the National Park Service, or the designee of (8) DESIGNS AFTER END OF PROGRAM.—Upon the Director, may purchase numismatic the completion of the coin program under this items issued under this subsection, but only subsection, the design on— in units of no fewer than 1,000 at a time, and (A) the obverse of the quarter dollar shall the Director, or the Director’s designee, may revert to the same design containing an resell or repackage such numismatic items image of President Washington in effect for as the Director determines to be appro- the quarter dollar before the institution of priate. the 50-State quarter dollar program; and (B) RESALE.—The Director of the National (B) notwithstanding the fourth sentence of Park Service, or the designee of the Direc- subsection (d)(1), the reverse of the quarter tor, may resell, at cost and without repack- dollar shall contain an image of General Washington crossing the Delaware River aging, numismatic items acquired by the Di- prior to the Battle of Trenton. rector or such designee under subparagraph (A) to any party affiliated with any national (9) NATIONAL SITE.—For purposes of this sub- site honored by a quarter dollar under sub- section, the term ‘‘national site’’ means any section (t) for repackaging and resale by site under the supervision, management, or such party in the same manner and to the conservancy of the National Park Service, the same extent as such party would be author- United States Forest Service, the United ized to engage in such activities under sub- States Fish and Wildlife Service, or any simi- paragraph (A) if the party were acting as the lar department or agency of the Federal Gov- designee of the Director under such subpara- ernment, including any national park, na- graph. tional monument, national battlefield, na- tional military park, national historical park, (v) PALLADIUM BULLION INVESTMENT COINS.— national historic site, national lakeshore, sea- (1) IN GENERAL.—The Secretary shall mint shore, recreation area, parkway, scenic river, and issue the palladium coins described in or trail and any site in the National Wildlife paragraph (12) of subsection (a) in such quan- Refuge System. tities as the Secretary may determine to be (10) APPLICATION IN EVENT OF INDEPEND- appropriate to meet demand. ENCE.—If any territory becomes independent (2) SOURCE OF BULLION.— or otherwise ceases to be a territory or posses- (A) IN GENERAL.—To the greatest extent sion of the United States before quarter dol- possible, the Secretary shall acquire bullion lars bearing designs which are emblematic of for the palladium coins issued under this such territory are minted pursuant to this subsection by purchase of palladium mined subsection, this subsection shall cease to from natural deposits in the United States, apply with respect to such territory. or in a territory or possession of the United States, within 1 year after the month in (u) SILVER BULLION INVESTMENT PRODUCT.— (1) IN GENERAL.—The Secretary shall strike which the ore from which it is derived was and make available for sale such number of mined. If no such palladium is available or if bullion coins as the Secretary determines to it is not economically feasible to obtain be appropriate that are likenesses of the quar- such palladium, the Secretary may obtain ter dollars issued under subsection (t), each of palladium for the palladium coins described which shall— in paragraph (12) of subsection (a) from (A) have a diameter determined by the other available sources. Secretary that is no less than 2.5 inches and (B) PRICE OF BULLION.—The Secretary shall no greater than 3.0 inches and weigh 5.0 pay not more than the average world price ounces; for the palladium under subparagraph (A). (B) contain .999 fine silver; (3) SALE OF COINS.—Each coin issued under (C) bear an inscription of the denomina- this subsection shall be sold for an amount the tion of such coin, which shall be ‘‘quarter Secretary determines to be appropriate, but dollar’’; and not less than the sum of— (D) not be minted or issued by the United (A) the market value of the bullion at the States Mint as so-called ‘‘fractional’’ bullion time of sale; and coins or in any size other than the size de- (B) the cost of designing and issuing the scribed in paragraph (A). coins, including labor, materials, dies, use of (2) AVAILABILITY FOR SALE.—Bullion coins machinery, overhead expenses, marketing, minted under paragraph (1)— distribution, and shipping. § 5112 TITLE 31—MONEY AND FINANCE Page 352

(4) TREATMENT.—For purposes of section 5134 retary may mint and issue a $1 coin in 2018 and 5136, all coins minted under this sub- to introduce the series of coins described section shall be considered to be numismatic in this subsection, that— items. (I) has the obverse described under (5) QUALITY.—The Secretary may issue col- paragraph (2)(A); lectible versions of the coins described in para- (II) has a reverse that bears the in- graph (1) in both proof and uncirculated ver- scription ‘‘United States of America’’ sions, except that, should the Secretary deter- and ‘‘American Innovators’’ and a rep- mine that it is appropriate to issue proof or resentation of the signature of President uncirculated versions of such coin, the Sec- on the first United retary shall, to the greatest extent possible, States patent issued; ensure that the surface treatment of each (III) has the edge-incusing described year’s proof or uncirculated version differs in under paragraph (2)(C); and some material way from that of the preceding (IV) the design for which has reviewed year. by 3 the Citizens Coinage Advisory Com- (6) DESIGN.—Coins minted and issued under mittee. this subsection shall bear designs on the ob- (C) DEFINITION OF TERRITORY.—For pur- verse and reverse that are close likenesses of poses of this subsection, the term ‘‘terri- the work of famed American coin designer and tory’’ means the Commonwealth of Puerto medallic artist Adolph Alexander Weinman— Rico, Guam, American Samoa, the United (A) the obverse shall bear a high-relief States Virgin Islands, and the Common- likeness of the ‘‘Winged Liberty’’ design wealth of the Northern Mariana Islands. used on the obverse of the so-called ‘‘Mer- cury dime’’; (2) DESIGN REQUIREMENTS.—Notwithstanding (B) the reverse shall bear a high-relief ver- subsection (d)(1) and subsection (d)(2), the $1 sion of the reverse design of the 1907 Amer- coins issued in accordance with paragraph ican Institute of Architects medal; and (1)(A) shall meet the following design require- (C) the coin shall bear such other inscrip- ments: tions, including ‘‘Liberty’’, ‘‘In God We (A) COIN OBVERSE.—The common design on Trust’’, ‘‘United States of America’’, the de- the obverse of each coin issued under this nomination and weight of the coin and the subsection shall contain— fineness of the metal, as the Secretary de- (i) a likeness of the Statue of Liberty ex- termines to be appropriate and in keeping tending to the rim of the coin and large with the original design. enough to provide a dramatic representa- (7) MINT FACILITY.—Any United States mint, tion of Liberty; other than the United States Mint at West (ii) the inscription ‘‘$1’’; and Point, New York, may be used to strike coins (iii) the inscription ‘‘In God We Trust’’. minted under this subsection other than any (B) COIN REVERSE.—The design on the re- proof version of any such coin. If the Sec- verse of each coin issued under this sub- retary determines that it is appropriate to section shall bear the following: issue any proof version of such coin, coins of (i) An image or images emblematic of such version shall be struck only at the United one of the following from one of the 50 States Mint at West Point, New York. States, the District of Columbia, or the (w) REDESIGN AND ISSUANCE OF $1 COINS HONOR- territories of the United States: ING INNOVATION AND INNOVATORS FROM EACH (I) A significant innovation. STATE, THE DISTRICT OF COLUMBIA, AND EACH (II) An innovator. TERRITORY.— (III) A group of innovators. (1) REDESIGN BEGINNING IN 2019.— (ii) The name of the State, the District (A) IN GENERAL.—Notwithstanding sub- of Columbia, or territory, as applicable. section (d)(1) and subsection (d)(2) and in ac- (iii) The inscription ‘‘United States of cordance with the provisions of this sub- America’’. section, during the 14-year period beginning on January 1, 2019 (or such later date as pro- (C) EDGE-INCUSED INSCRIPTIONS.— vided under subparagraph (B)(ii)), the Sec- (i) IN GENERAL.—The inscription of the retary of the Treasury shall mint and issue year of minting or issuance of the coin, the $1 coins to be known as ‘‘American Innova- , and the inscription ‘‘E Pluri- tion $1 coins’’, that— bus Unum’’ shall be edge-incused into the (i) have designs on the obverse selected coin. in accordance with paragraph (2)(A); and (ii) PRESERVATION OF DISTINCTIVE EDGE.— (ii) have a design on the reverse selected The edge-incusing of the inscriptions in accordance with paragraph (2)(B). under clause (i) on coins issued under this subsection shall be done in a manner that (B) CONTINUITY PROVISIONS.— preserves the distinctive edge of the coin (i) IN GENERAL.—Notwithstanding sub- so that the denomination of the coin is paragraph (A), the Secretary shall con- readily discernible, including by individ- tinue to mint and issue $1 coins honoring uals who are blind or visually impaired. Native Americans and their contributions in accordance with subsection (r). (3) ISSUANCE OF COINS COMMEMORATING INNO- (ii) FIRST COIN.—Notwithstanding sub- VATION OR INNOVATORS.— paragraph (A), if the Secretary finds that it is feasible and cost-effective, the Sec- 3 So in original. Page 353 TITLE 31—MONEY AND FINANCE § 5112

(A) ORDER OF ISSUANCE.— vation, innovator, or group of innovators to (i) IN GENERAL.—The coins issued under be borne on the reverse of such coin shall be this subsection commemorating either an made by the Secretary of the Treasury, after innovation, an individual innovator, or a consultation with the Governor or other group of innovators, from each State, the chief executive of the State, the District of District of Columbia, or a territory shall Columbia, or territory with respect to which be issued in the following order: a coin is to be issued under this subsection. (I) STATE.—With respect to each State, (B) DESIGN.—Each of the designs required the coins shall be issued in the order in under this subsection shall be selected by which the States ratified the Constitu- the Secretary after— tion of the United States or were admit- (i) consultation with— ted into the Union, as the case may be. (I) the Governor or other chief execu- (II) DISTRICT OF COLUMBIA AND TERRI- tive of the State, the District of Colum- TORIES.—After all coins are issued under bia, or territory with respect to which a subclause (I), the coins shall be issued coin is to be issued under this sub- for the District of Columbia and the ter- section; and ritories in the following order: the Dis- (II) the Commission of Fine Arts; and trict of Columbia, the Commonwealth of (ii) review by the Citizens Coinage Advi- Puerto Rico, Guam, American Samoa, sory Committee. the United States Virgin Islands, and the Commonwealth of the Northern Mariana (C) SELECTION AND APPROVAL PROCESS.— Islands. Proposals for designs for $1 coins under this subsection may be submitted in accordance (ii) APPLICATION IN EVENT OF THE ADMIS- with the design selection and approval proc- SION OF ADDITIONAL STATES.—Notwith- standing clause (i), if any additional State ess developed by the Secretary in the sole is admitted into the Union before the end discretion of the Secretary. TANDARDS.—Because it is important of the 14-year period referred to in para- (D) S that the Nation’s coinage and currency bear graph (1), the Secretary of the Treasury dignified designs of which the citizens of the may issue a $1 coin with respect to the ad- United States can be proud, the Secretary ditional State in accordance with clause shall not select any frivolous or inappropri- (i)(I). (iii) APPLICATION IN THE EVENT OF INDE- ate design for any $1 coin minted under this PENDENCE OR ADDING OF A TERRITORY.—Not- subsection. withstanding clause (i)— (E) PROHIBITION ON CERTAIN REPRESENTA- (I) if any territory becomes independ- TIONS.—No head and shoulders portrait or ent or otherwise ceases to be a territory bust of any person and no portrait of a living of the United States before $1 coins are person may be included in the design of any minted pursuant to this subsection, the coin issued under this subsection. subsection shall cease to apply with re- (5) TREATMENT AS NUMISMATIC ITEMS.—For spect to such territory; and purposes of sections 5134 and 5136, all $1 coins (II) if any new territory is added to the minted under this subsection shall be consid- United States, $1 coins shall be issued for ered to be numismatic items. such territories in the order in which the (6) ISSUANCE OF NUMISMATIC COINS.—The Sec- new the territories are added, beginning retary may mint and issue such number of $1 after the $1 coin is issued for the Com- coins of each design selected under this sub- monwealth of the Northern Mariana Is- section in uncirculated and proof qualities as lands. the Secretary determines to be appropriate. (B) ISSUANCE OF COINS COMMEMORATING (7) TERMINATION OF PROGRAM.—The issuance FOUR INNOVATIONS OR INNOVATORS DURING of coins under this subsection shall terminate EACH OF 14 YEARS.— when one innovation, an individual innovator, (i) IN GENERAL.—Four $1 coin designs as or a group of innovators, from each State, the described in this subsection shall be issued District of Columbia, and each territory has during each year of the period referred to been honored and may not be resumed except in paragraph (1) until 1 coin featuring 1 in- by an Act of Congress. novation, an individual innovator, or a (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 981; Pub. group of innovators, from each of the L. 97–452, § 1(20), Jan. 12, 1983, 96 Stat. 2477; Pub. States, the District of Columbia, and terri- L. 99–61, title II, § 202, July 9, 1985, 99 Stat. 115; tories has been issued. Pub. L. 99–185, § 2(a), (b), Dec. 17, 1985, 99 Stat. (ii) NUMBER OF COINS OF EACH DESIGN.— 1177; Pub. L. 100–274, §§ 4(a), 6, Mar. 31, 1988, 102 The Secretary shall prescribe, on the basis Stat. 50; Pub. L. 102–390, title II, §§ 226(a), 227, 228, of such factors as the Secretary deter- Oct. 6, 1992, 106 Stat. 1630; Pub. L. 103–272, mines to be appropriate, the number of $1 § 4(f)(1)(R), July 5, 1994, 108 Stat. 1362; Pub. L. coins that shall be issued with each of the 104–208, div. A, title I, § 101(f) [title V, §§ 523, 524, designs selected for each year of the period 529(a)], Sept. 30, 1996, 110 Stat. 3009–314, 3009–347 referred to in paragraph (1). to 3009–349; Pub. L. 105–124, §§ 3, 4(b)–(d), Dec. 1, (4) SELECTION OF CONCEPT AND DESIGN.— 1997, 111 Stat. 2534, 2536; Pub. L. 105–176, May 29, (A) CONCEPT.—With respect to each State, 1998, 112 Stat. 104; Pub. L. 106–445, § 2(b), Nov. 6, the District of Columbia, and each territory 2000, 114 Stat. 1931; Pub. L. 108–15, title I, §§ 102, to be honored with a coin under this sub- 103(d)(1), Apr. 23, 2003, 117 Stat. 615, 619; Pub. L. section, the selection of the significant inno- 109–145, title I, §§ 102–104, title II, § 201, Dec. 22, § 5112 TITLE 31—MONEY AND FINANCE Page 354

2005, 119 Stat. 2665–2669, 2672; Pub. L. 110–82, §§ 2, because 5-cent coins are the minor coins composed of 3, Sept. 20, 2007, 121 Stat. 777, 779; Pub. L. 110–147, nickel. The words ‘‘Secretary shall use’’ are substituted Dec. 21, 2007, 121 Stat. 1817; Pub. L. 110–161, div. for ‘‘shall be used’’ because of the source provisions re- D, title VI, §§ 622–623(b), Dec. 26, 2007, 121 Stat. stated in section 321 of the revised title. The word ‘‘bars’’ is substituted for ‘‘ingots’’ for consistency in 2016, 2018; Pub. L. 110–456, title I, § 102, title II, the revised chapter. The words ‘‘2.5 percent’’ are sub- § 201, Dec. 23, 2008, 122 Stat. 5039, 5042; Pub. L. stituted for ‘‘twenty-five thousandths’’ for consistency 111–8, div. D, title VI, § 616, Mar. 11, 2009, 123 in the revised title and with other titles of the United Stat. 677; Pub. L. 111–302, §§ 4, 5, Dec. 14, 2010, 124 States Code. The words ‘‘from the percent of nickel re- Stat. 3273; Pub. L. 111–303, § 2, Dec. 14, 2010, 124 quired’’ are substituted for ‘‘the legal standard . . . in Stat. 3275; Pub. L. 114–94, div. G, title LXXIII, the proportion of nickel’’ because of the restatement. § 73001(1), Dec. 4, 2015, 129 Stat. 1785; Pub. L. The words ‘‘In silver ingots, six-thousandths’’ are omit- ted as superseded by the source provisions restated in 115–91, div. A, title VIII, § 885, Dec. 12, 2017, 131 the section. The words ‘‘In gold ingots, one-thou- Stat. 1505; Pub. L. 115–197, § 2, July 20, 2018, 132 sandth’’ in section 3533 of the Revised Statutes are Stat. 1515; Pub. L. 115–232, div. A, title X, omitted because gold coinage was discontinued by § 1081(e)(1), Aug. 13, 2018, 132 Stat. 1986.) 31:315b. The words ‘‘Except as provided in subsection (c) of this section’’ are added for clarity and because of the HISTORICAL AND REVISION NOTES restatement. 1982 ACT In subsection (c), the words ‘‘a different weight and alloy of copper and zinc’’ are substituted for ‘‘such ac- Revised Source (U.S. Code) Source (Statutes at Large) tion’’ for clarity. Section In subsection (d)(1), the words ‘‘an impression em- 5112(a) ..... 31:317(a)(1st, last R.S. § 3515(a); Sept. 26, 1890, blematic of liberty’’ in 31:324 are omitted as obsolete. sentences). ch. 945, § 1, 26 Stat. 485; Sept. The words ‘‘The design on the reverse side of the dollar, 5, 1962, Pub. L. 87–643, § 1, 76 Stat. 440; Oct. 11, 1974, Pub. half dollar, and quarter dollar is an eagle’’ are sub- L. 93–441, § 1, 88 Stat. 1261. stituted for ‘‘and upon the reverse side shall be the fig- 31:391(c). July 23, 1965, Pub. L. 89–81, ure or representation of an eagle . . . but on the dime, § 101(c), 79 Stat. 255; restated Dec. 31, 1970, Pub. L. 91–607, 5-, and 1-cent piece, the figure of the eagle shall be § 201, 84 Stat. 1768; Oct. 10, omitted’’, and the words ‘‘The emblem on the obverse 1978, Pub. L. 95–447, § 2, 92 side of the dollar is’’ are substituted for ‘‘The one-dol- Stat. 1072. 5112(b) ..... 31:317(a)(2d, 3d sen- lar coin authorized by section 391(c) of this title shall tences). bear on the obverse side’’ in 31:324b–1, to eliminate un- 31:346. R.S. § 3533; June 14, 1947, ch. necessary words. The words ‘‘Any coins minted after 104, § 1, 61 Stat. 132. 31:391(b). July 23, 1965, Pub. L. 89–81, July 23, 1965, from 900 fine coin silver shall be inscribed § 101(b), (d), 79 Stat. 254; re- with the year 1964’’ in 31:324 are omitted because the stated Dec. 31, 1970, Pub. L. Secretary no longer has authority to mint coins from 91–607, § 201, 84 Stat. 1768. 31:398(1)–(4), (6). July 23, 1965, Pub. L. 89–81, 900 fine coin silver. § 108(1)–(4), (6), 79 Stat. 255. In subsection (d)(2), the word ‘‘Secretary’’ is sub- 5112(c) ..... 31:317(b). R.S. § 3515(b); added Oct. 11, stituted for ‘‘engraver’’, ‘‘Director of the Mint’’, and 1974, Pub. L. 93–441, § 1, 88 ‘‘Director of the Mint . . . with the approval of the Sec- Stat. 1261. 5112(d)(1) 31:324. R.S. § 3517; Mar. 3, 1887, ch. retary of the Treasury’’ because of the source provi- 396, § 3, 24 Stat. 635; Sept. 26, sions restated in section 321(c) of the revised title. The 1890, ch. 945, § 1, 26 Stat. 485; word ‘‘dies’’ is substituted for ‘‘from the original dies May 18, 1908, ch. 173, 35 Stat. 164; restated July 23, 1965, already authorized all the working dies required for use Pub. L. 89–81, § 204(a), 79 in the coinage of the several mints’’ and ‘‘original dies’’ Stat. 256; Dec. 31, 1970, Pub. to eliminate unnecessary words. The word ‘‘inscrip- L. 91–607, § 206, 84 Stat. 1769. 31:324b–1. Oct. 10, 1978, Pub. L. 95–447, tion’’ is substituted for ‘‘legend’’ for consistency in the § 3, 92 Stat. 1072. section. The words ‘‘Provided, That no change be made 5112(d)(2) 31:276. R.S. § 3510; restated Sept. 26, in the diameter of any coin’’ are omitted as unneces- 1890, ch. 944, 26 Stat. 484. 5112(e) ..... 31:324b. Dec. 31, 1970, Pub. L. 91–607, sary because the diameters are prescribed by sub- § 203, 84 Stat. 1769; Oct. 10, section (a) of the revised section. The words ‘‘procure 1978, Pub. L. 95–447, § 4, 92 services under section 3109 of title 5 in carrying out Stat. 1072. 31:324c. Dec. 31, 1970, Pub. L. 91–607, this paragraph’’ are substituted for ‘‘engage tempo- § 209, 84 Stat. 1769. rarily for this purpose the services of one or more art- 31:391(d). ists, distinguished in their respective departments of 31:398(3), (4). 5112(f) ..... 31:321. R.S. § 3514; Jan. 30, 1934, ch. 6, art’’ to eliminate unnecessary words. The words ‘‘who § 5, 48 Stat. 340. shall be paid for such service from the contingent ap- 31:399. July 23, 1965, Pub. L. 89–81, 79 propriation for the mint at Philadelphia’’ are omitted Stat. 254, § 109; added Dec. 23, 1981, Pub. L. 97–104, § 2, 95 as obsolete. The text of section 3510(2d proviso) of the Stat. 1491. Revised Statutes is omitted as executed. In subsection (e)(2), the words ‘‘80 percent’’ are sub- In subsection (a), the words before clause (1) are stituted for ‘‘eight hundred parts’’ in 31:391(d), and the added because of the restatement. In clause (5), the words ‘‘20 percent’’ are substituted for ‘‘two hundred words ‘‘that is 0.835 inch in diameter’’ are added be- parts’’, for consistency in the revised title and with cause the Secretary of the Treasury has prescribed the other titles of the Code. The words ‘‘that are metallur- diameter and the diameter of a coin may not be gically bonded to’’ are added for clarity and consist- changed under 31:276. The words ‘‘5 grams’’ are sub- ency with subsection (b). In clause (4), the words ‘‘the stituted for ‘‘seventy-seven and sixteen-hundredths late President of the United States’’ in 31:324b are grains troy’’ for consistency in the revised chapter. In omitted as unnecessary. Clause (6) is added because clause (6), the words ‘‘that is 0.75 inch in diameter’’ are 31:324 applies to coins minted under this subsection. added because the Secretary has prescribed the diame- In subsection (f)(1), before clause (A), the words ‘‘Not- ter and the diameter of a coin may not be changed withstanding this section and section 5111(a)(1) of this under 31:276. The words ‘‘except as provided under sub- title are substituted for ‘‘Notwithstanding any other section (c) of this section’’ are added for clarity and be- provision of law’’ in 31:399 for clarity. In clause (B), the cause of the restatement. The words ‘‘3.11 grams’’ are words ‘‘are an alloy of 90 percent silver and 10 percent substituted for ‘‘forty-eight grains’’ for consistency in copper’’ are substituted for ‘‘be minted in accordance the revised chapter. with the standard established in section 3514 of the Re- In subsection (b), the words ‘‘In minting 5-cent coins’’ vised Statutes (31 U.S.C. 321)’’ and 31:321 to eliminate are substituted for ‘‘in minor-coinage alloys’’ in 31:346 unnecessary words and for clarity. In clause (C), the Page 355 TITLE 31—MONEY AND FINANCE § 5112 word ‘‘symbolizing’’ is substituted for ‘‘emblematic’’ more than 1 year after the submission of the study to for clarity. the Secretary and the Congress, the Secretary shall’’. In subsection (f)(2), the words ‘‘under such regula- Subsec. (v)(2)(A). Pub. L. 114–94, § 73001(1)(C)(ii), sub- tions as he may prescribe’’ are omitted as unnecessary stituted ‘‘To the greatest extent possible, the Sec- because of section 321 of the revised title. The word retary’’ for ‘‘The Secretary’’. ‘‘Treasury’’ is substituted for ‘‘general fund of the Subsec. (v)(5). Pub. L. 114–94, § 73001(1)(C)(iii), inserted Treasury’’ to eliminate unnecessary words. ‘‘collectible versions of’’ after ‘‘may issue’’. The text of 31:399(b)(3) is omitted as unnecessary be- Subsec. (v)(8). Pub. L. 114–94, § 73001(1)(C)(iv), struck cause of section 5103 of the revised title. out par. (8). Text read as follows: ‘‘The market study described in paragraph (1) means an analysis of the 1983 ACT market for palladium bullion investments conducted This amends 31:5112(f)(1) to make technical and con- by a reputable, independent third party that dem- forming changes. onstrates that there would be adequate demand for pal- ladium bullion coins produced by the United States REFERENCES IN TEXT Mint to ensure that such coins could be minted and is- sued at no net cost to taxpayers.’’ The date of enactment of the United States $1 Coin 2010—Subsec. (a)(12). Pub. L. 111–303, § 2(1), added par. Act of 1997, referred to in subsec. (b), is the date of en- (12). actment of Pub. L. 105–124, which was approved Dec. 1, Subsec. (e). Pub. L. 111–302, § 4, substituted ‘‘qualities 1997. and quantities that the Secretary determines are’’ for The Strategic and Critical Materials Stock Piling ‘‘quantities’’ in introductory provisions. Act, referred to in subsec. (l)(6)(C), is act June 7, 1939, Subsec. (i). Pub. L. 111–302, § 4, which directed amend- ch. 190, as revised generally by Pub. L. 96–41, § 2, July ment of subsec. (i) by substituting ‘‘qualities and quan- 30, 1979, 93 Stat. 319, which is classified generally to tities that the Secretary determines are’’ for ‘‘quan- subchapter III (§ 98 et seq.) of chapter 5 of Title 50, War tities’’, was executed by making the substitution in in- and National Defense. For complete classification of troductory provisions of par. (1) to reflect the probable this Act to the Code, see section 98 of Title 50 and intent of Congress. Tables. Subsec. (u)(1). Pub. L. 111–302, § 5(1), substituted This Act, referred to in subsec. (o)(6), probably means ‘‘likenesses’’ for ‘‘exact duplicates’’ in introductory Pub. L. 109–145, Dec. 22, 2005, 119 Stat. 2664, known as provisions. the Presidential $1 Coin Act of 2005, which amended Subsec. (u)(1)(A). Pub. L. 111–302, § 5(4), substituted this section and enacted provisions set out as notes ‘‘determined by the Secretary that is no less than 2.5 under this section. For complete classification of this inches and no greater than 3.0 inches’’ for ‘‘of 3.0 Act to the Code, see Short Title of 2005 Amendment inches’’. note set out under section 5101 of this title and Tables. Subsec. (u)(1)(C) to (E). Pub. L. 111–302, § 5(2), (3), re- The date of enactment of the Presidential $1 Coin Act designated subpars. (D) and (E) as (C) and (D), respec- of 2005, referred to in subsec. (q)(1), is the date of enact- tively, and struck out former subpar. (C) which read as ment of Pub. L. 109–145, which was approved Dec. 22, follows: ‘‘have incused into the edge the fineness and 2005. weight of the bullion coin;’’. The date of the enactment of the Native American $1 Subsec. (v). Pub. L. 111–303, § 2(2), added subsec. (v). Coin Act, referred to in subsec. (r)(1)(B), is the date of 2009—Subsecs. (r), (s). Pub. L. 111–8 redesignated sub- enactment of Pub. L. 110–82, which was approved Sept. sec. (r) relating to the redesign and issuance of cir- 20, 2007. culating quarter dollar honoring the District of Colum- Section 3 of the Federal Deposit Insurance Act, re- bia and territories as (s) and substituted ‘‘paragraph ferred to in subsec. (t)(1)(C), is classified to section 1813 (3)’’ for ‘‘paragraph (4)’’ in subpars. (A) and (B) of par. of Title 12, Banks and Banking. (5). The date of the enactment of the America’s Beautiful 2008—Subsec. (t). Pub. L. 110–456, § 102, added subsec. National Parks Quarter Dollar Coin Act of 2008, re- (t). ferred to in subsec. (t)(3)(A)(ii), is the date of enact- Subsec. (u). Pub. L. 110–456, § 201, added subsec. (u). ment of Pub. L. 110–456, which was approved Dec. 23, 2007—Subsec. (n)(1). Pub. L. 110–82, § 3, redesignated 2008. cls. (i) and (ii) of subpar. (A) as subpars. (A) and (B), re- spectively, struck out heading and designation of AMENDMENTS former subpar. (A), and struck out former subpar. (B), which related to continuity provisions concerning the 2018—Subsec. (p)(1). Pub. L. 115–232 struck out ‘‘ ‘Sacagawea-design’ $1 coins’’. ‘‘, United States Code’’ after ‘‘title 10’’ in introductory Subsec. (n)(2)(C)(i). Pub. L. 110–161, § 623(a)(1)(A), sub- and concluding provisions. stituted ‘‘and the inscription’’ for ‘‘and the inscrip- Subsec. (w). Pub. L. 115–197 added subsec. (w). tions’’ and struck out ‘‘and ‘In God We Trust’ ’’ before 2017—Subsec. (p)(1). Pub. L. 115–91, § 885(a), (b), in in- ‘‘shall be edge-incused’’. troductory provisions, inserted ‘‘and’’ before ‘‘all tran- Subsec. (n)(2)(F). Pub. L. 110–161, § 623(a)(2), added sit systems’’ and struck out ‘‘and all entities that oper- subpar. (F). ate any business, including vending machines, on any Subsec. (p)(1)(A). Pub. L. 110–147 amended subpar. (A) premises owned by the United States or under the con- generally. Prior to amendment, subpar. (A) read as fol- trol of any agency or instrumentality of the United lows: ‘‘any business operations conducted by any such States, including the legislative and judicial branches agency, instrumentality, system, or entity that involve of the Federal Government,’’ after ‘‘Mass Transit Ac- coins or currency will be fully capable of accepting and count,’’ and inserted concluding provisions. dispensing $1 coins in connection with such operations; Subsec. (p)(1)(B). Pub. L. 115–91, § 885(c), substituted and’’. ‘‘display’’ for ‘‘displays’’. Subsec. (r). Pub. L. 110–161, § 622, added subsec. (r) re- 2015—Subsec. (q)(3) to (8). Pub. L. 114–94, § 73001(1)(A), lating to the redesign and issuance of circulating quar- redesignated pars. (4) to (7) as (3) to (6), respectively, ter dollar honoring the District of Columbia and terri- and struck out former pars. (3) and (8), which related to tories. subsequent designs and protective covering, respec- Pub. L. 110–82, § 2, added subsec. (r) relating to the re- tively. design and issuance of circulating $1 coins honoring Na- Subsec. (t)(6)(B). Pub. L. 114–94, § 73001(1)(B), sub- tive Americans. stituted ‘‘not less than 90 percent silver’’ for ‘‘90 per- Subsec. (r)(2). Pub. L. 110–161, § 623(b), substituted cent silver and 10 percent copper’’. ‘‘and the inscription’’ for ‘‘and the inscriptions’’ and Subsec. (v)(1). Pub. L. 114–94, § 73001(1)(C)(i), sub- struck out ‘‘and ‘In God We Trust’ ’’ before ‘‘shall be stituted ‘‘The Secretary shall’’ for ‘‘Subject to the sub- edge-incused’’ in subpar. (C)(i), and added subpar (E). mission to the Secretary and the Congress of a market- 2005—Subsec. (a)(11). Pub. L. 109–145, § 201(1), added ing study described in paragraph (8), beginning not par. (11). § 5112 TITLE 31—MONEY AND FINANCE Page 356

Subsec. (n). Pub. L. 109–145, § 102, added subsec. (n). Subsecs. (g), (h). Pub. L. 99–61 added subsecs. (g) and Subsec. (o). Pub. L. 109–145, § 103, added subsec. (o). (h). Subsec. (p). Pub. L. 109–145, § 104, added subsec. (p). Subsec. (i). Pub. L. 99–185, § 2(b), added subsec. (i). Subsec. (q). Pub. L. 109–145, § 201(2), added subsec. (q). 1983—Subsec. (f)(1). Pub. L. 97–452, § 1(20)(A), inserted 2003—Subsec. (d)(1). Pub. L. 108–15, § 102(a), inserted a comma after ‘‘10,000,000)’’ in introductory text. after fourth sentence ‘‘Subject to other provisions of Subsec. (f)(1)(C). Pub. L. 97–452, § 1(20)(B), substituted this subsection, the obverse of any 5-cent coin issued ‘‘250th’’ for ‘‘two hundred and fiftieth’’. after December 31, 2005, shall bear the likeness of EFFECTIVE DATE OF 2007 AMENDMENT Thomas Jefferson and the reverse of any such 5-cent coin shall bear an image of the home of Thomas Jeffer- Pub. L. 110–161, div. D, title VI, § 623(c), Dec. 26, 2007, son at Monticello.’’ 121 Stat. 2018, provided that: ‘‘The change required by Subsec. (d)(2). Pub. L. 108–15, § 102(b), inserted ‘‘, after the amendments made by subsections (a) and (b) consulting with the Citizens Coinage Advisory Commit- [amending this section] shall be put into effect by the tee and the Commission of Fine Arts,’’ after ‘‘The Sec- Secretary of the Treasury as soon as is practicable retary may’’ in second sentence. after the date of enactment of this Act [Dec. 26, 2007].’’ Subsec. (l)(4)(A)(ii). Pub. L. 108–15, § 103(d)(1), sub- EFFECTIVE DATE OF 1996 AMENDMENT stituted ‘‘Citizens Coinage Advisory Committee’’ for ‘‘Citizens Commemorative Coin Advisory Committee’’. Pub. L. 104–208, div. A, title I, § 101(f) [title V, § 529(e)], 2000—Subsec. (k). Pub. L. 106–445 substituted ‘‘plati- Sept. 30, 1996, 110 Stat. 3009–314, 3009–353, provided that: num bullion coins’’ for ‘‘bullion’’. ‘‘This section [amending this section and sections 5134 1998—Subsec. (l)(1)(C). Pub. L. 105–176 added subpar. and 5135 of this title, enacting provisions set out as a (C). note under section 5134 of this title, and amending pro- 1997—Subsec. (a)(1). Pub. L. 105–124, § 4(b), struck out visions set out as a note under this section] and the ‘‘and weighs 8.1 grams’’ after ‘‘diameter’’. amendments made by this section shall take effect on Subsec. (b). Pub. L. 105–124, § 4(c), struck out ‘‘dollar,’’ the date of enactment of this Act [Sept. 30, 1996].’’ before ‘‘half dollar’’ in first sentence and inserted after fourth sentence ‘‘The dollar coin shall be golden in EFFECTIVE DATE OF 1985 AMENDMENTS color, have a distinctive edge, have tactile and visual Pub. L. 99–185, § 3, Dec. 17, 1985, 99 Stat. 1179, provided features that make the denomination of the coin read- that: ‘‘This Act [amending this section and sections ily discernible, be minted and fabricated in the United 5116, 5118, and 5132 of this title and enacting provisions States, and have similar metallic, anti-counterfeiting set out as notes under this section] shall take effect on properties as United States coinage in circulation on October 1, 1985, except that no coins may be issued or the date of enactment of the United States $1 Coin Act sold under section 5112(i) of title 31, United States of 1997.’’ Code, before October 1, 1986.’’ Subsec. (d)(1). Pub. L. 105–124, § 4(d), substituted ‘‘The Pub. L. 99–61, title II, § 205, July 9, 1985, 99 Stat. 117, Secretary of the Treasury, in consultation with the provided that: ‘‘This title [amending this section and Congress, shall select appropriate designs for the ob- sections 5116 and 5132 of this title and enacting provi- verse and reverse sides of the dollar coin.’’ for ‘‘The sions set out as a note under this section] shall take ef- eagle on the reverse side of the dollar is the symbolic fect on October 1, 1985, except that no coins may be is- eagle of Apollo 11 landing on the moon. The obverse sued or sold under subsection (e) of section 5112 of title side of the dollar has the likeness of Susan B. An- 31, United States Code, before September 1, 1986, or be- thony.’’ fore the date on which all coins minted under title I of Subsec. (l). Pub. L. 105–124, § 3, added subsec. (l). this Act [set out as a note below] have been sold, 1996—Subsec. (i)(4)(C). Pub. L. 104–208, § 101(f) [title V, whichever is earlier.’’ § 523], added subpar. (C). SHORT TITLE OF 1985 AMENDMENTS Subsec. (k). Pub. L. 104–208, § 101(f) [title V, § 524], added subsec. (k). Pub. L. 99–185, § 1, Dec. 17, 1985, 99 Stat. 1177, provided Subsec. (m). Pub. L. 104–208, § 101(f) [title V, § 529(a)], that: ‘‘This Act [amending this section and sections added subsec. (m). 5116, 5118, and 5132 of this title and enacting provisions 1994—Subsec. (h). Pub. L. 103–272 substituted ‘‘section set out as notes under this section] may be cited as the 5103 of this title’’ for ‘‘section 5103 of title 31, United ‘Gold Bullion Coin Act of 1985’.’’ States Code’’. Pub. L. 99–61, title II, § 201, July 9, 1985, 99 Stat. 115, 1992—Subsec. (d)(1). Pub. L. 102–390, § 226(a), inserted provided that: ‘‘This title [amending this section and ‘‘shall’’ before ‘‘have’’ in first sentence and substituted sections 5116 and 5132 of this title and enacting provi- ‘‘coin shall have’’ for ‘‘coin has’’ in second and third sions set out as a note under this section] may be cited sentences. as the ‘Liberty Coin Act’.’’ Subsec. (i)(4). Pub. L. 102–390, § 228, added par. (4). Subsec. (j). Pub. L. 102–390, § 227, added subsec. (j). SAVINGS PROVISION 1988—Subsec. (b). Pub. L. 100–274, § 4(a), inserted be- Pub. L. 110–192, Feb. 29, 2008, 122 Stat. 648, provided: fore last sentence ‘‘In minting gold coins, the Secretary ‘‘That clause (i) of section 5112(n)(1)(B) of title 31, shall use alloys that vary not more than 0.1 percent United States Code (as in effect on the day before the from the percent of gold required.’’ date of the enactment of Public Law 110–82 [Sept. 20, Subsec. (f). Pub. L. 100–274, § 6, inserted heading and 2007]) shall continue in effect, notwithstanding the amended subsec. (f) generally. Prior to amendment, amendment made by section 3 of Public Law 110–82 subsec. (f) read as follows: ‘‘The Secretary shall sell the [amending this section], until the effective date of the coins minted under subsection (e) to the public at a amendment made by section 2 of such Public Law price equal to the market value of the bullion at the [amending this section].’’ time of sale, plus the cost of minting, marketing, and RULE OF CONSTRUCTION distributing such coins (including labor, materials, dyes, use of machinery, and overhead expenses).’’ Pub. L. 105–124, § 5, Dec. 1, 1997, 111 Stat. 2537, provided 1985—Subsec. (a)(7) to (10). Pub. L. 99–185, § 2(a), added that: ‘‘Nothing in this Act [see Short Title of 1997 pars. (7) to (10). Amendment note set out under section 5101 of this Subsec. (e). Pub. L. 99–61 added subsec. (e). Former title] or the amendments made by this Act shall be subsec. (e), providing for the minting of 150,000,000 sil- construed to evidence any intention to eliminate or to ver and copper alloy dollar coins bearing the likeness limit the printing or circulation of United States cur- of Dwight David Eisenhower, was struck out. rency in the $1 denomination.’’ Subsec. (f). Pub. L. 99–61 added subsec. (f). Former subsec. (f), providing for the minting of up to 10,000,000 AUTHORITY TO CONDUCT RESEARCH AND DEVELOPMENT silver and copper alloy half-dollar coins symbolizing ON ALL CIRCULATING COINS the 250th anniversary of the birth of George Washing- Pub. L. 111–302, § 2, Dec. 14, 2010, 124 Stat. 3272, pro- ton, was struck out. vided that: Page 357 TITLE 31—MONEY AND FINANCE § 5112

‘‘(a) IN GENERAL.—To accomplish the goals of this ‘‘(d) MINIMIZING CONVERSION COSTS.—In preparing and Act [amending this section and enacting provisions set submitting the reports required under subsection (a), out as notes under this section and section 5101 of this the Secretary of the Treasury, to the greatest extent title] and the requirements of subchapter II of chapter possible, may not include any recommendation for new 51 of title 31, United States Code, the Secretary of the specifications for producing a circulating coin that Treasury may— would require any significant change to coin-accepting ‘‘(1) conduct any appropriate testing of appropriate and coin-handling equipment to accommodate changes coinage metallic materials within or outside of the to all circulating coins simultaneously. Department of the Treasury; and ‘‘(e) FRAUD PREVENTION.—The reports required under ‘‘(2) solicit input from or otherwise work in con- this section shall make no recommendation for a speci- junction with entities within or outside of the Fed- fication change that would facilitate or allow the use of eral Government including independent research fa- a coin with a lesser value produced, minted, or issued cilities or current or potential suppliers of the metal- by another country, or the use of any token or other lic material used in volume production of circulating easily or regularly produced metal device of minimal coins, value, in the place of a circulating coin produced by the to complete the report referred to in this Act [see sec- Secretary. tion 3 of Pub. L. 111–302, set out as a note below] and ‘‘(f) RULE OF CONSTRUCTION.—No provision of this Act to develop and evaluate the use of new metallic mate- [amending this section and enacting provisions set out rials. as notes under this section and section 5101 of this ‘‘(b) FACTORS TO BE CONSIDERED.—In the conduct of title] shall be construed as requiring that additional re- research, development, and the solicitation of input or search and development be conducted for any report work in conjunction with entities within and outside under this Act but any such report shall include infor- the Federal Government, and in reporting to the Con- mation on any such research and development during gress with recommendations, as required by this Act, the period covered by the report.’’ the Secretary of the Treasury shall consider the follow- ing: FINDINGS OF 2008 AMENDMENT ‘‘(1) Factors relevant to the potential impact of any Pub. L. 110–456, title I, § 101, Dec. 23, 2008, 122 Stat. revisions to the composition of the material used in 5038, provided that: ‘‘The Congress finds as follows: coin production on the current coinage material sup- ‘‘(1) Yellowstone National Park was established by pliers. an Act signed by President Ulysses S. Grant on ‘‘(2) Factors relevant to the ease of use and ability March 1, 1872, as the Nation’s first national park. to co-circulate of new coinage materials, including ‘‘(2) The summer and autumn of 1890 saw the estab- the effect on vending machines and commercial coin lishment of a number of national sites: processing equipment and making certain, to the ‘‘(A) August 19: Chickamauga and Chattanooga greatest extent practicable, that any new coins work established as national military parks in Georgia without interruption in existing coin acceptance and Tennessee. equipment without modification. ‘‘(B) August 30: Antietam established as a na- ‘‘(3) Such other factors that the Secretary of the tional battlefield site in Maryland. Treasury, in consultation with merchants who would ‘‘(C) September 25: Sequoia National Park estab- be affected by any change in the composition of cir- lished in California. culating coins, vending machine and other coin ac- ‘‘(D) September 27: Rock Creek Park established ceptor manufacturers, vending machine owners and in the District of Columbia. operators, transit officials, municipal parking offi- ‘‘(E) October 1: General Grant National Park es- cials, depository institutions, coin and currency han- tablished in California (and subsequently incor- dlers, armored-car operators, car wash operators, and porated in Kings Canyon National Park). American-owned manufacturers of commercial coin ‘‘(F) October 1: Yosemite National Park estab- processing equipment, considers to be appropriate lished in California. and in the public interest, after notice and oppor- ‘‘(3) was this nation’s 26th tunity for comment.’’ President and is considered by many to be our ‘Con- servationist President’. BIENNIAL REPORT TO THE CONGRESS ON THE CURRENT ‘‘(4) As a frequent visitor to the West, Theodore STATUS OF COIN PRODUCTION COSTS AND ANALYSIS Roosevelt witnessed the virtual destruction of some OF ALTERNATIVE CONTENT big game species and the overgrazing that destroyed Pub. L. 111–302, § 3, Dec. 14, 2010, 124 Stat. 3273, pro- the grasslands and with them the habitats for small vided that: mammals and songbirds and conservation increas- ‘‘(a) REPORT REQUIRED.—Before the end of the 2-year ingly became one of his major concerns. period beginning on the date of the enactment of this ‘‘(5) When he became President in 1901, Roosevelt Act [Dec. 14, 2010], and at 2-year intervals following the pursued this interest in conservation by establishing end of such period, the Secretary of the Treasury shall the first 51 Bird Reserves, 4 Game Preserves, and 150 submit a report to the Committee on Financial Serv- National Forests. ices of the House of Representatives and the Committee ‘‘(6) He also established the United States Forest on Banking, Housing, and Urban Affairs of the Senate Service, signed into law the creation of 5 National analyzing production costs for each circulating coin, Parks, and signed the Act for the Preservation of cost trends for such production, and possible new me- American Antiquities in 1906 under which he pro- tallic materials or technologies for the production of claimed 18 national monuments. circulating coins. ‘‘(7) Approximately 230,000,000 acres of area within ‘‘(b) DETAILED RECOMMENDATIONS.—In preparing and the United States was placed under public protection submitting the reports required under subsection (a), by Theodore Roosevelt. the Secretary of the Treasury shall include detailed ‘‘(8) Theodore Roosevelt said that nothing short of recommendations for any appropriate changes to the defending this country in wartime ‘compares in im- metallic content of circulating coins in such a form portance with the great central task of leaving this that the recommendations could be enacted into law as land even a better land for our descendants than it is appropriate. for us’. ‘‘(c) IMPROVED PRODUCTION EFFICIENCY.—In preparing ‘‘(9) The National Park Service was created by an and submitting the reports required under subsection Act signed by President Woodrow Wilson on August (a), the Secretary of the Treasury shall include recom- 25, 1916. mendations for changes in the methods of producing ‘‘(10) The National Park System comprises 391 areas coins that would further reduce the costs to produce covering more than 84,000,000 acres in every State (ex- circulating coins, and include notes on the legislative cept Delaware), the District of Columbia, American changes that are necessary to achieve such goals. Samoa, Guam, Puerto Rico, and the Virgin Islands. § 5112 TITLE 31—MONEY AND FINANCE Page 358

‘‘(11) The sites or areas within the National Park ‘‘(9) First Spouses have not generally been recog- System vary widely in size and type from vast natu- nized on American coinage. ral wilderness to birthplaces of Presidents to world ‘‘(10) In order to revitalize the design of United heritage archaeology sites to an African burial States coinage and return circulating coinage to its ground memorial in Manhattan and include national position as not only a necessary means of exchange in parks, monuments, battlefields, military parks, his- commerce, but also as an object of aesthetic beauty torical parks, historic sites, lakeshores, seashores, in its own right, it is appropriate to move many of recreation areas, scenic rivers and trails, and the the mottos and emblems, the inscription of the year, White House. and the so-called ‘mint marks’ that currently appear ‘‘(12) In addition to the sites within the National on the 2 faces of each circulating coin to the edge of Park System, the United States has placed numerous the coin, which would allow larger and more dra- other types of sites under various forms of conser- matic artwork on the coins reminiscent of the so- vancy, such as the national forests and sites within called ‘Golden Age of Coinage’ in the United States, the National Wildlife Refuge System and on the Na- at the beginning of the Twentieth Century, initiated tional Register of Historic Places.’’ by President Theodore Roosevelt, with the assistance of noted sculptors and medallic artists James Earle REMOVAL OF BARRIERS TO CIRCULATION OF $1 COIN Fraser and Augustus Saint-Gaudens. Pub. L. 110–82, § 4, Sept. 20, 2007, 121 Stat. 779, provided ‘‘(11) Placing inscriptions on the edge of coins, that: known as edge-incusing, is a hallmark of modern ‘‘(a) IN GENERAL.—In order to remove barriers to cir- coinage and is common in large-volume production of culation, the Secretary of the Treasury shall carry out coinage elsewhere in the world, such as the an aggressive, cost-effective, continuing campaign to 2,700,000,000 2-Euro coins in circulation, but it has not encourage commercial enterprises to accept and dis- been done on a large scale in United States coinage pense $1 coins that have as designs on the obverse the in recent years. so-called ‘Sacagawea design’. ‘‘(12) Although the Congress has authorized the Sec- ‘‘(b) REPORT.—The Secretary of the Treasury shall retary of the Treasury to issue gold coins with a pu- submit to Congress an annual report on the success of rity of 99.99 percent, the Secretary has not done so. the efforts described in subsection (a).’’ ‘‘(13) Bullion coins are a valuable tool for the inves- tor and, in some cases, an important aspect of coin 5-CENT COINS MINTED IN 2004 AND 2005 collecting.’’

Pub. L. 109–230, § 8, June 15, 2006, 120 Stat. 393, pro- ABRAHAM BICENTENNIAL 1-CENT COIN vided that: ‘‘Notwithstanding the fifth sentence of sec- REDESIGN tion 5112(d)(1) of title 31, United States Code, the Sec- Pub. L. 109–145, title III, Dec. 22, 2005, 119 Stat. 2673, retary of the Treasury may continue to issue, after De- provided that: cember 31, 2005, numismatic items that contain 5-cent coins minted in the years 2004 and 2005.’’ ‘‘SEC. 301. FINDINGS. ‘‘Congress finds the following: PRESIDENTIAL COMMEMORATIVE DOLLAR COINS; ‘‘(1) , the 16th President, was one FINDINGS of the Nation’s greatest leaders, demonstrating true Pub. L. 109–145, title I, § 101, Dec. 22, 2005, 119 Stat. courage during the Civil War, one of the greatest cri- 2664, provided that: ‘‘Congress finds the following: ses in the Nation’s history. ‘‘(1) There are sectors of the United States econ- ‘‘(2) Born of humble roots in Hardin County omy, including public transportation, parking me- (present-day LaRue County), , on February ters, vending machines, and low-dollar value trans- 12, 1809, Abraham Lincoln rose to the Presidency actions, in which the use of a $1 coin is both useful through a combination of honesty, integrity, intel- and desirable for keeping costs and prices down. ligence, and commitment to the United States. ‘‘(3) With the belief that all men are created equal, ‘‘(2) For a variety of reasons, the new $1 coin intro- Abraham Lincoln led the effort to free all slaves in duced in 2000 has not been widely sought-after by the the United States. public, leading to higher costs for merchants and ‘‘(4) Abraham Lincoln had a generous heart, with thus higher prices for consumers. malice toward none, and with charity for all. ‘‘(3) The success of the 50 States Commemorative ‘‘(5) Abraham Lincoln gave the ultimate sacrifice Coin Program (31 U.S.C. 5112(l)) for circulating quar- for the country he loved, dying from an assassin’s ter dollars shows that a design on a United States cir- bullet on April 15, 1865. culating coin that is regularly changed in a manner ‘‘(6) All Americans could benefit from studying the similar to the systematic change in designs in such life of Abraham Lincoln, for Lincoln’s life is a model Program radically increases demand for the coin, for accomplishing the ‘American dream’ through hon- rapidly pulling it through the economy. esty, integrity, loyalty, and a lifetime of education. ‘‘(4) The 50 States Commemorative Coin Program ‘‘(7) The year 2009 will be the bicentennial anniver- also has been an educational tool, teaching both sary of the birth of Abraham Lincoln. Americans and visitors something about each State ‘‘(8) Abraham Lincoln was born in Kentucky, grew for which a quarter has been issued. to adulthood in , achieved fame in , ‘‘(5) A national survey and study by the Govern- and led the nation in Washington, D.C. ment Accountability Office has indicated that many ‘‘(9) The so-called ‘Lincoln cent’ was introduced in Americans who do not seek, or who reject, the new $1 1909 on the 100th anniversary of Lincoln’s birth, mak- coin for use in commerce would actively seek the ing the obverse design the most enduring on the na- coin if an attractive, educational rotating design tion’s coinage. were to be struck on the coin. ‘‘(10) President Theodore Roosevelt was so im- ‘‘(6) The President is the leader of our tripartite pressed by the talent of that government and the President’s spouse has often set the sculptor was chosen to design the likeness of the social tone for the White House while spearhead- President Lincoln for the coin, adapting a design ing and highlighting important issues for the coun- from a plaque Brenner had prepared earlier. try. ‘‘(11) In the nearly 100 years of production of the ‘‘(7) Sacagawea, as currently represented on the ‘Lincoln cent’, there have been only 2 designs on the new $1 coin, is an important symbol of American his- reverse: the original, featuring 2 wheat-heads in me- tory. morial style enclosing mottoes, and the current rep- ‘‘(8) Many people cannot name all of the Presidents, resentation of the in Washington, and fewer can name the spouses, nor can many people D.C. accurately place each President in the proper time ‘‘(12) On the occasion of the bicentennial of Presi- period of American history. dent Lincoln’s birth and the 100th anniversary of the Page 359 TITLE 31—MONEY AND FINANCE § 5112

production of the Lincoln cent, it is entirely fitting ‘‘(2) REVERSE.—If the Secretary of the Treasury to issue a series of 1-cent coins with designs on the elects to change the reverse of the 5-cent coins issued reverse that are emblematic of the 4 major periods of during 2003, 2004, and 2005, the design selected shall President Lincoln’s life. depict images that are emblematic of the Louisiana ‘‘SEC. 302. REDESIGN OF LINCOLN CENT FOR 2009. Purchase or the expedition of Meriwether Lewis and William Clark. ‘‘(a) IN GENERAL.—During the year 2009, the Secretary of the Treasury shall issue 1-cent coins in accordance ‘‘(3) OTHER INSCRIPTIONS.—5-cent coins issued dur- with the following design specifications: ing 2003, 2004, and 2005 shall continue to meet all other requirements for inscriptions and designations ‘‘(1) OBVERSE.—The obverse of the 1-cent coin shall continue to bear the Victor David Brenner likeness of applicable to circulating coins under section President Abraham Lincoln. 5112(d)(1) of title 31, United States Code.’’ ‘‘(2) REVERSE.—The reverse of the coins shall bear 4 STUDY AND REPORT OF IMPACT ON UNITED STATES SIL- different designs each representing a different aspect VER MARKET OF THE AMERICAN EAGLE SILVER BUL- of the life of Abraham Lincoln, such as— LION PROGRAM ‘‘(A) his birth and early childhood in Kentucky; ‘‘(B) his formative years in Indiana; Pub. L. 107–201, § 3(b), July 23, 2002, 116 Stat. 737, pro- ‘‘(C) his professional life in Illinois; and vided that: ‘‘(D) his presidency, in Washington, D.C. ‘‘(1) STUDY.—The Secretary of the Treasury shall con- ‘‘(b) ISSUANCE OF REDESIGNED LINCOLN CENTS IN duct a study of the impact on the United States silver 2009.— market of the American Eagle Silver Bullion Program, ‘‘(1) ORDER.—The 1-cent coins to which this section established under section 5112(e) of title 31, United applies shall be issued with 1 of the 4 designs referred States Code. to in subsection (a)(2) beginning at the start of each ‘‘(2) REPORT.—Not later than 1 year after the date of calendar quarter of 2009. enactment of this Act [July 23, 2002], the Secretary of ‘‘(2) NUMBER.—The Secretary shall prescribe, on the the Treasury shall submit a report of the study con- basis of such factors as the Secretary determines to ducted under paragraph (1) to the chairman and rank- be appropriate, the number of 1-cent coins that shall ing minority member of— be issued with each of the designs selected for each ‘‘(A) the Committee on Banking, Housing, and calendar quarter of 2009. Urban Affairs of the Senate; and ‘‘(c) DESIGN SELECTION.—The designs for the coins ‘‘(B) the Committee on Financial Services of the specified in this section shall be chosen by the Sec- House of Representatives.’’ retary— ‘‘(1) after consultation with the Abraham Lincoln FINDINGS OF 1997 AMENDMENT Bicentennial Commission and the Commission of Pub. L. 105–124, § 2, Dec. 1, 1997, 111 Stat. 2534, provided Fine Arts; and that: ‘‘The Congress finds that— ‘‘(2) after review by the Citizens Coinage Advisory ‘‘(1) it is appropriate and timely— Committee. ‘‘(A) to honor the unique Federal republic of 50 ‘‘SEC. 303. REDESIGN OF REVERSE OF 1-CENT States that comprise the United States; and COINS AFTER 2009. ‘‘(B) to promote the diffusion of knowledge among ‘‘The design on the reverse of the 1-cent coins issued the youth of the United States about the individual after December 31, 2009, shall bear an image emblem- States, their history and geography, and the rich atic of President Lincoln’s preservation of the United diversity of the national heritage; States of America as a single and united country. ‘‘(2) the circulating coinage of the United States has not been modernized during the 25-year period ‘‘SEC. 304. NUMISMATIC PENNIES WITH THE SAME preceding the date of enactment of this Act [Dec. 1, METALLIC CONTENT AS THE 1909 PENNY. 1997]; ‘‘The Secretary of the Treasury shall issue 1-cent ‘‘(3) a circulating commemorative 25-cent coin pro- coins in 2009 with the exact metallic content as the 1- gram could produce earnings of $110,000,000 from the cent coin contained in 1909 in such number as the Sec- sale of silver proof coins and sets over the 10-year pe- retary determines to be appropriate for numismatic riod of issuance, and would produce indirect earnings purposes. of an estimated $2,600,000,000 to $5,100,000,000 to the ‘‘SEC. 305. SENSE OF THE CONGRESS. United States Treasury, money that will replace bor- ‘‘It is the sense of the Congress that the original Vic- rowing to fund the national debt to at least that ex- tor David Brenner design for the 1-cent coin was a dra- tent; and matic departure from previous American coinage that ‘‘(4) it is appropriate to launch a commemorative should be reproduced, using the original form and relief circulating coin program that encourages young peo- of the likeness of Abraham Lincoln, on the 1-cent coins ple and their families to collect memorable tokens of issued in 2009.’’ all of the States for the face value of the coins.’’

DESIGNS ON THE 5-CENT COIN DOLLAR COINS Pub. L. 108–15, title I, § 101, Apr. 23, 2003, 117 Stat. 615, Pub. L. 105–124, § 4(e), (f), Dec. 1, 1997, 111 Stat. 2536, provided that: 2537, provided that: ‘‘(a) IN GENERAL.—Subject to subsection (b) and after ‘‘(e) PRODUCTION OF NEW DOLLAR COINS.— consulting with the Citizens Coinage Advisory Commit- ‘‘(1) IN GENERAL.—Upon the depletion of the Govern- tee and the Commission of Fine Arts, the Secretary of ment’s supply (as of the date of enactment of this Act the Treasury may change the design on the obverse and [Dec. 1, 1997]) of $1 coins bearing the likeness of Susan the reverse of the 5-cent coin for coins issued in 2003, B. Anthony, the Secretary of the Treasury shall place 2004, and 2005 in recognition of the bicentennial of the into circulation $1 coins that comply with the re- Louisiana Purchase and the expedition of Meriwether quirements of subsections (b) and (d)(1) of section 5112 Lewis and William Clark. of title 31, United States Code, as amended by this ‘‘(b) DESIGN SPECIFICATIONS.— section. ‘‘(1) OBVERSE.—If the Secretary of the Treasury ‘‘(2) AUTHORITY OF SECRETARY TO CONTINUE PRODUC- elects to change the obverse of 5-cent coins issued TION.—If the supply of $1 coins bearing the likeness of during 2003, 2004, and 2005, the design shall depict a Susan B. Anthony is depleted before production has likeness of President Thomas Jefferson, different begun of $1 coins which bear a design which complies from the likeness that appeared on the obverse of the with the requirements of subsections (b) and (d)(1) of 5-cent coins issued during 2002, in recognition of his section 5112 of title 31, United States Code, as amend- role with respect to the Louisiana Purchase and the ed by this section, the Secretary of the Treasury may commissioning of the Lewis and Clark expedition. continue to mint and issue $1 coins bearing the like- § 5112 TITLE 31—MONEY AND FINANCE Page 360

ness of Susan B. Anthony in accordance with that blematic of States which have not previously been section 5112 (as in effect on the day before the date of commemorated under the program. enactment of this Act) until such time as production ‘‘(2) ORDER OF ISSUANCE.—Each State will be hon- begins. ored by a coin in the order of that State’s admission ‘‘(3) NUMISMATIC SETS.—The Secretary may include to the United States. such $1 coins in any numismatic set produced by the ‘‘(3) NUMBER OF COINS.—Of the quarter dollar coins United States Mint before the date on which the $1 issued during each year of the program, the Secretary coins authorized by this section are placed in circula- shall prescribe, on the basis of such factors as the tion. Secretary determines to be appropriate, the number ‘‘(f) MARKETING PROGRAM.— of quarter dollar coins which shall be issued with ‘‘(1) IN GENERAL.—Before placing into circulation $1 each of the designs selected for such year. coins authorized under this section [amending this ‘‘(4) SELECTION OF DESIGN.—Each of the 50 designs section and enacting provisions set out as a note required for quarter dollars issued under the program under section 5101 of this title], the Secretary of the shall be— Treasury shall adopt a program to promote the use of ‘‘(A) selected pursuant to a process, decided upon such coins by commercial enterprises, mass transit by the Secretary, on the basis of the study con- authorities, and Federal, State, and local government ducted pursuant to subsection (a), which process agencies. shall involve, among other things, consultation ‘‘(2) STUDY REQUIRED.—The Secretary of the Treas- with appropriate officials of the State being com- ury shall conduct a study on the progress of the mar- memorated with such design; and keting program adopted in accordance with para- ‘‘(B) reviewed by the Citizens Commemorative graph (1). Coin Advisory Committee and the Commission of ‘‘(3) REPORT.—Not later than March 31, 2001, the Fine Arts. Secretary of the Treasury shall submit a report to ‘‘(5) TREATMENT AS NUMISMATIC ITEMS.—For pur- the Congress on the results of the study conducted poses of sections 5134 and 5136 of title 31, United pursuant to paragraph (2).’’ States Code, all coins minted under this section shall STUDY AND REPORT TO CONGRESS OF 50 STATES be considered to be numismatic items. COMMEMORATIVE COIN PROGRAM ‘‘(6) NUMISMATIC ITEMS.— ‘‘(A) QUALITY OF COINS.—The Secretary may mint Pub. L. 104–329, title III, § 302, Oct. 20, 1996, 110 Stat. and issue such number of quarter dollars of each de- 4012, provided that: sign selected under paragraph (4) of this subsection TUDY.—The Secretary of the Treasury shall by ‘‘(a) S in uncirculated and proof qualities as the Secretary June 1, 1997 complete a study of the feasibility of a cir- determines to be appropriate. culating commemorative coin program to commemo- ‘‘(B) SILVER COINS.—Notwithstanding the provi- rate each of the 50 States. The study shall assess likely sions of subsection 5112(b) of title 31, United States public acceptance of and consumer demand for different Code, the Secretary may mint and issue such num- coins that might be issued in connection with such a ber of quarter dollars of each design selected under program (taking into consideration the pace of issu- paragraph (4) of this subsection as the Secretary de- ance of coins and the length of such a program), a com- termines to be appropriate with a content of 90 per- parison of the costs of producing coins issued under the cent silver and 10 percent copper. program and the revenue that the program would gen- ‘‘(C) SOURCES OF BULLION.—The Secretary may ob- erate, the impact on coin distribution systems, the ad- tain silver for minting coins under paragraph (6)(B) vantages and disadvantages of different approaches to from stockpiles established under the Strategic and selecting designs for coins in such a program, and such Critical Materials Stock Piling Act [50 U.S.C. 98 et other factors as the Secretary considers appropriate in seq.]. deciding upon the feasibility of such a program. No ‘‘(d) FUNDING.—Funds used to complete this study steps taken in order to gather information for this shall be offset from funds from the Department of the study shall be considered a collection of information Treasury.’’ within the meaning of section 3502 of title 44, United States Code. DEPOSIT OF PROFITS FROM SALE OF GOLD TO MINT FOR ‘‘(b) REPORT.—The Secretary shall submit the study COMMEMORATIVE COIN PROGRAM required in subsection (a) above, to the Committee on Banking and Financial Services of the House of Rep- Pub. L. 104–208, div. A, title I, § 101(f) [title V, § 523], resentatives and the Committee on Banking, Housing Sept. 30, 1996, 110 Stat. 3009–314, 3009–347, provided in and Urban Affairs of the Senate, simultaneously on its part: ‘‘That profits generated from the sale of gold to receipt by the Secretary. the United States Mint for this program shall be con- ‘‘(c) 50-STATE COMMEMORATIVE COIN PROGRAM.—The sidered as a receipt to be deposited into the General Secretary shall determine by August 1, 1997 whether Fund of the Treasury.’’ the results of the study authorized by subsection (a) SE OF GOVERNMENT PLATINUM RESERVES STOCKPILED justify such a program. If the Secretary determines U AT MINT that such a program is justified, then he shall by Janu- ary 1, 1999, notwithstanding the fourth sentence of sub- Pub. L. 104–208, div. A, title I, § 101(f) [title V, § 524], section (d)(1) and subsection (d)(2) of section 5112, title Sept. 30, 1996, 110 Stat. 3009–314, 3009–348, provided in 31, United States Code, commence a commemorative part: ‘‘That the Secretary is authorized to use Govern- coin program consisting of the minting and issuance of ment platinum reserves stockpiled at the United States quarter dollar coins bearing designs, selected in accord- Mint as working inventory and shall ensure that re- ance with paragraph (4) of this subsection, which are serves utilized are replaced by the Mint.’’ emblematic of the 50 States. If the Secretary deter- mines that such a commemorative coin program is jus- REFORM OF COMMEMORATIVE COIN PROGRAMS tified but that it is not practicable to commence the Pub. L. 103–186, title III, Dec. 14, 1993, 107 Stat. 2251, program by January 1, 1999, then he shall notify the as amended by Pub. L. 104–208, div. A, title I, § 101(f) Committee on Banking and Financial Services of the [title V, § 529(b)(4)], Sept. 30, 1996, 110 Stat. 3009–314, House of Representatives and the Committee on Bank- 3009–352; Pub. L. 104–316, title I, § 115(h), Oct. 19, 1996, 110 ing, Housing, and Urban Affairs of the Senate of such Stat. 3835, provided that: impracticability and of the date on which the program will commence. ‘‘SEC. 301. SENSE OF CONGRESS RESOLUTION. ‘‘(1) DESIGN.—The design for each quarter dollar is- ‘‘(a) FINDINGS.—The Congress hereby makes the fol- sued under the program shall be emblematic of 1 of lowing findings: the 50 States. The designs for quarter dollar coins is- ‘‘(1) Congress has authorized 18 commemorative sued during each year of the program shall be em- coin programs in the 9 years since 1984. Page 361 TITLE 31—MONEY AND FINANCE § 5112

‘‘(2) There are more meritorious causes, events, and under section 5112(i) of title 31, United States Code, people worthy of commemoration than can be hon- shall result in no net cost to the United States Govern- ored with commemorative coinage. ment.’’ ‘‘(3) Commemorative coin legislation has increased at a pace beyond that which the numismatic commu- COMMEMORATIVE COINS nity can reasonably be expected to absorb. Provisions authorizing commemorative coins were ‘‘(4) It is in the interests of all Members of Congress contained in the following acts: that a policy be established to control the flow of Pub. L. 115–343, Dec. 21, 2018, 132 Stat. 5043.—Naismith commemorative coin legislation. Memorial Basketball Hall of Fame. ‘‘(b) DECLARATION.—It is the sense of the Congress Pub. L. 115–65, Oct. 6, 2017, 131 Stat. 1191.—American that the Committee on Banking, Finance and Urban Legion 100th Anniversary. Affairs [now Committee on Financial Services] of the Pub. L. 114–282, Dec. 16, 2016, 130 Stat. 1441.—Apollo 11 House of Representatives and the Committee on Bank- 50th Anniversary. ing, Housing, and Urban Affairs of the Senate should Pub. L. 114–148, Apr. 29, 2016, 130 Stat. 360.—Breast not report or otherwise clear for consideration by the Cancer Awareness. House of Representatives or the Senate legislation pro- Pub. L. 114–30, July 6, 2015, 129 Stat. 424.—Boys Town viding for more than 2 commemorative coin programs Centennial. for any year, unless the committee determines, on the Pub. L. 113–291, div. B, title XXX, § 3055, Dec. 19, 2014, basis of a recommendation by the Citizens Commemo- 128 Stat. 3808.—National Park Service 100th anniver- rative Coin Advisory Committee, that extraordinary sary. merit exists for an additional commemorative coin pro- Pub. L. 113–212, Dec. 16, 2014, 128 Stat. 2082.—World gram. War I American Veterans Centennial. Pub. L. 112–209, Dec. 18, 2012, 126 Stat. 1510.—March of ‘‘SEC. 302. REPORTS BY RECIPIENTS OF COMMEMO- Dimes. RATIVE COIN SURCHARGES. Pub. L. 112–201, Dec. 4, 2012, 126 Stat. 1479.—Mark ‘‘(a) QUARTERLY FINANCIAL REPORT.— Twain. ‘‘(1) IN GENERAL.—Each person who receives, after Pub. L. 112–181, Oct. 5, 2012, 126 Stat. 1416.—Lions the date of the enactment of this Act [Dec. 14, 1993], Clubs International century of service. any surcharge derived from the sale of commemora- Pub. L. 112–152, Aug. 3, 2012, 126 Stat. 1155; Pub. L. tive coins under any Act of Congress shall submit a 113–10, § 1, May 17, 2013, 127 Stat. 445.—National Baseball quarterly financial report to the Director of the Hall of Fame. United States Mint and the Comptroller General of Pub. L. 112–104, Apr. 2, 2012, 126 Stat. 286.—United the United States describing in detail the expendi- States Marshals Service 225th anniversary. tures made by such person from the proceeds of the Pub. L. 111–262, Oct. 8, 2010, 124 Stat. 2780.—5-Star surcharge. Generals. ‘‘(2) INFORMATION TO BE INCLUDED.—The report Pub. L. 111–232, Aug. 16, 2010, 124 Stat. 2490.—Star- under paragraph (1) shall include information on the Spangled Banner. proportion of the surcharges received during the pe- Pub. L. 111–91, Nov. 6, 2009, 123 Stat. 2980.—Medal of riod covered by the report to the total revenue of Honor. such person during such period, expressed as a per- Pub. L. 111–86, Oct. 29, 2009, 123 Stat. 2881.—Girl centage, and the percentage of total revenue during Scouts USA centennial. such period which was spent on administrative ex- Pub. L. 110–451, Dec. 2, 2008, 122 Stat. 5021.—Civil penses (including salaries, travel, overhead, and fund Rights Act of 1964. raising). Pub. L. 110–450, Dec. 1, 2008, 122 Stat. 5017.—United ‘‘(3) DUE DATES.—Quarterly reports under this sub- States Army. section shall be due at the end of the 30-day period Pub. L. 110–363, Oct. 8, 2008, 122 Stat. 4015.—Boy beginning on the last day of any calendar quarter Scouts of America centennial. during which any surcharge derived from the sale of Pub. L. 110–357, Oct. 8, 2008, 122 Stat. 3998; Pub. L. commemorative coins is received by any person. 112–169, § 1, Aug. 10, 2012, 126 Stat. 1302.—National Infan- ‘‘(b) FINAL REPORT.—Each person who receives, after try Museum and Soldier Center. the date of the enactment of this Act, any surcharge Pub. L. 110–277, July 17, 2008, 122 Stat. 2599.—Amer- derived from the sale of commemorative coins under ican veterans disabled for life. any Act of Congress shall submit a final report on the Pub. L. 109–285, Sept. 27, 2006, 120 Stat. 1215; Pub. L. expenditures made by such person from the proceeds of 112–74, div. C, title VI, § 621, Dec. 23, 2011, 125 Stat. 926.— all surcharges received by such person, including infor- Abraham Lincoln. Pub. L. 109–247, July 27, 2006, 120 Stat. 582.—Louis mation described in subsection (a)(2), before the end of Braille bicentennial—braille literacy. the 1-year period beginning on the last day on which Pub. L. 109–230, §§ 1–7, June 15, 2006, 120 Stat. 391–393.— sales of such coins may be made.’’ San Francisco Old Mint. AMOUNT EQUAL TO PROFIT FROM SALE OF GOLD COINS Pub. L. 109–146, Dec. 22, 2005, 119 Stat. 2676.—Little DEPOSITED IN GENERAL FUND OF TREASURY TO RE- Rock Central High School desegregation 50th anniver- DUCE NATIONAL DEBT sary. Pub. L. 108–486, Dec. 23, 2004, 118 Stat. 3934.—American Pub. L. 99–185, § 2(f), Dec. 17, 1985, 99 Stat. 1178, pro- Bald Eagle Recovery and National Emblem. vided that an amount equal to the amount by which Pub. L. 108–464, Dec. 21, 2004, 118 Stat. 3878.—Benjamin the proceeds from the sale of the coins issued under 31 Franklin. U.S.C. 5112(i) exceeded the sum of the cost of minting, Pub. L. 108–291, Aug. 6, 2004, 118 Stat. 1024.—Marine marketing, and distributing such coins, and the value Corps 230th anniversary. of gold certificates (not exceeding forty-two and two- Pub. L. 108–290, Aug. 6, 2004, 118 Stat. 1021.—John Mar- ninths dollars a fine troy ounce) retired from the use of shall. gold contained in such coins, was to be deposited in the Pub. L. 108–289, Aug. 6, 2004, 118 Stat. 1017; Pub. L. general fund of the Treasury and used for the sole pur- 111–86, § 8(b), Oct. 29, 2009, 123 Stat. 2883.—Jamestown pose of reducing the national debt, prior to repeal by 400th anniversary. Pub. L. 102–390, title II, § 221(c)(2)(A), Oct. 6, 1992, 106 Pub. L. 106–435, Nov. 6, 2000, 114 Stat. 1916.—2002 Win- Stat. 1628, effective Oct. 1, 1992. ter Olympic Games. Pub. L. 106–375, Oct. 27, 2000, 114 Stat. 1435.—National ISSUANCE OF GOLD COINS TO RESULT IN NO NET COST Museum of the American Indian. TO UNITED STATES Pub. L. 106–126, title I, Dec. 6, 1999, 113 Stat. 1643.— Pub. L. 99–185, § 2(g), Dec. 17, 1985, 99 Stat. 1178, pro- Leif Ericson millennium. vided that: ‘‘The Secretary shall take all actions nec- Pub. L. 106–126, title II, Dec. 6, 1999, 113 Stat. 1644.— essary to ensure that the issuance of the coins minted United States Capitol visitor center. § 5113 TITLE 31—MONEY AND FINANCE Page 362

Pub. L. 106–126, title III, Dec. 6, 1999, 113 Stat. 1647; Pub. L. 99–582, Oct. 29, 1986, 100 Stat. 3315.—United Pub. L. 109–232, June 15, 2006, 120 Stat. 395.—Lewis and States Constitution bicentennial. Clark Expedition bicentennial. Pub. L. 99–61, title I, July 9, 1985, 99 Stat. 113.—Statue Pub. L. 105–331, Oct. 31, 1998, 112 Stat. 3073; Pub. L. of Liberty and Ellis Island. 110–3, Feb. 8, 2007, 121 Stat. 6.—Thomas Alva Edison. Pub. L. 97–220, July 22, 1982, 96 Stat. 222.—1984 Olym- Pub. L. 105–268, Oct. 19, 1998, 112 Stat. 2378.—Library pic Games. of Congress bicentennial. Pub. L. 105–124, § 6, Dec. 1, 1997, 111 Stat. 2537.—First POSSESSION OF GOLD COINS AND BULLION flight by Orville and Wilbur Wright. The possession of gold coins and bullion was prohib- Pub. L. 104–329, § 2, title I, §§ 101–108, Oct. 20, 1996, 110 ited except under Government license by Ex. Ord. No. Stat. 4005–4011; Pub. L. 105–277, div. C, title I, § 139(c), 6260, eff. Aug. 28, 1933. That prohibition was revoked by Oct. 21, 1998, 112 Stat. 2681–599.—Dolley Madison, George Ex. Ord. No. 11825, Dec. 31, 1974, 40 F.R. 1003, eff. Dec. 31, Washington, Black Revolutionary War patriots, Frank- 1974. lin Delano Roosevelt Memorial, Yellowstone National Park, National Law Enforcement Officers Memorial, § 5113. Tolerances and testing of coins and Jackie Robinson. Pub. L. 104–96, Jan. 10, 1996, 109 Stat. 981.—Smith- (a) The Secretary of the Treasury may pre- sonian Institution sesquicentennial. scribe reasonable manufacturing tolerances for Pub. L. 103–328, title II, § 204, Sept. 29, 1994, 108 Stat. specifications in section 5112 of this title (except 2369.—1995 Special Olympics World Games. Pub. L. 103–328, title II, § 205, Sept. 29, 1994, 108 Stat. for specifications that are limits) for the dollar, 2371.—National community service. half dollar, quarter dollar, and dime coins. The Pub. L. 103–328, title II, § 206, Sept. 29, 1994, 108 Stat. weight of the 5-cent coin may vary not more 2373.—Robert F. Kennedy Memorial. than 0.194 gram. The weight of the one-cent coin Pub. L. 103–328, title II, § 207, Sept. 29, 1994, 108 Stat. may vary not more than 0.13 gram. Any gold 2375.—United States Military Academy bicentennial. coin issued under section 5112 of this title shall Pub. L. 103–328, title II, § 208, Sept. 29, 1994, 108 Stat. contain the full weight of gold stated on the 2377.—United States Botanic Garden. Pub. L. 103–186, title I, Dec. 14, 1993, 107 Stat. 2245.— coin. Thomas Jefferson. (b) The Secretary shall keep a record of the Pub. L. 103–186, title II, Dec. 14, 1993, 107 Stat. 2247.— kind, number, and weight of each group of coins Prisoner-of-war, Vietnam Veterans Memorial, and minted and test a number of the coins sepa- Women in Military Service for America Memorial. rately to determine if the coins conform to the Pub. L. 103–186, title IV, Dec. 14, 1993, 107 Stat. 2252.— weight specified in section 5112(a) of this title. If United States Capitol bicentennial. the coins tested do not conform, the Secretary— Pub. L. 102–414, Oct. 14, 1992, 106 Stat. 2106.—World (1) shall weigh each coin of the group sepa- War II 50th anniversary. Pub. L. 102–390, title I, Oct. 6, 1992, 106 Stat. 1620; Pub. rately and deface the coins that do not con- L. 104–74, Dec. 26, 1995, 109 Stat. 784.—1996 Olympic form and cast them into bars for reminting; or Games. (2) may remelt the group of coins. Pub. L. 102–379, Oct. 5, 1992, 106 Stat. 1362.—Civil War battlefields. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 983; Pub. Pub. L. 102–281, title I, May 13, 1992, 106 Stat. 133; Pub. L. 100–274, § 4(b), Mar. 31, 1988, 102 Stat. 50.) L. 102–390, title II, § 221(c)(2)(G), Oct. 6, 1992, 106 Stat. HISTORICAL AND REVISION NOTES 1628.—White House 200th anniversary. Pub. L. 102–281, title II, May 13, 1992, 106 Stat. 135; Revised Source (U.S. Code) Source (Statutes at Large) Pub. L. 102–390, title II, § 221(c)(2)(H), Oct. 6, 1992, 106 Section Stat. 1628; Pub. L. 104–66, title I, § 1132(a), Dec. 21, 1995, 5113(a) ..... 31:350. R.S. § 3537; Sept. 26, 1890, ch. 109 Stat. 725.—World Cup USA 1994. 945, § 1, 26 Stat. 485. Pub. L. 102–281, title IV, §§ 401–411, May 13, 1992, 106 31:398(5). July 23, 1965, Pub. L. 89–81, Stat. 139–141; Pub. L. 102–390, title II, § 221(c)(2)(I), Oct. § 108(5), 79 Stat. 255. 5113(b) ..... 31:351. R.S. § 3538; Aug. 23, 1912, ch. 6, 1992, 106 Stat. 1628.—Christopher Columbus quincen- 350, § 1(last par. words before tenary. 7th comma under heading Pub. L. 102–281, title V, May 13, 1992, 106 Stat. 145; ‘‘Assay Office at Salt Lake Pub. L. 104–66, title I, § 1132(c), Dec. 21, 1995, 109 Stat. City, Utah’’), 37 Stat. 384. 725.—James Madison and Bill of Rights. Pub. L. 101–495, Oct. 31, 1990, 104 Stat. 1187; Pub. L. In subsection (a), the words ‘‘for the dollar, half dol- 102–390, title II, § 221(c)(2)(F), Oct. 6, 1992, 106 Stat. lar, quarter dollar, and dime coins’’ are added because 1628.—Korean War Veterans Memorial. of the restatement. The words ‘‘0.194 gram’’ are sub- Pub. L. 101–406, Oct. 3, 1990, 104 Stat. 879; Pub. L. stituted for ‘‘three grains’’, and the words ‘‘0.13 gram’’ 102–390, title II, § 221(c)(2)(E), Oct. 6, 1992, 106 Stat. are substituted for ‘‘two grains’’, for consistency in the 1628.—1992 Olympic Games. revised chapter. Pub. L. 101–404, Oct. 2, 1990, 104 Stat. 875; Pub. L. In subsection (b), before clause (1), the words ‘‘Sec- 102–390, title II, § 221(c)(2)(D), Oct. 6, 1992, 106 Stat. retary shall keep a record of the kind, number, and 1628.—United Services Organization 50th anniversary. weight of each group of coins minted’’ are substituted Pub. L. 101–332, July 16, 1990, 104 Stat. 313; Pub. L. for 31:351(1st sentence) because of the source provisions 102–390, title II, § 221(c)(2)(C), Oct. 6, 1992, 106 Stat. 1628; restated in section 321(c) of the revised title. In clause Pub. L. 103–328, title II, § 209, Sept. 29, 1994, 108 Stat. (1), the words ‘‘deface the coins that do not conform 2378.— National Memorial golden an- and cast them into bars for reminting’’ are substituted niversary. for ‘‘shall be defaced and delivered to the superintend- Pub. L. 100–673, Nov. 17, 1988, 102 Stat. 3992; Pub. L. ent of melting and refining department as standard bul- 101–36, June 9, 1989, 103 Stat. 69; Pub. L. 101–302, title III, lion, to be again formed into ingots and recoined’’ for § 312(c), May 25, 1990, 104 Stat. 245; Pub. L. 103–186, title consistency in the revised chapter and to eliminate un- IV, § 408(b), Dec. 14, 1993, 107 Stat. 2253.—United States necessary words. In clause (2), the words ‘‘if more con- Congress bicentennial. venient’’ are omitted as surplus. Pub. L. 100–467, Oct. 3, 1988, 102 Stat. 2275; Pub. L. AMENDMENTS 102–390, title II, § 221(c)(2)(B), Oct. 6, 1992, 106 Stat. 1628.—Dwight David Eisenhower. 1988—Subsec. (a). Pub. L. 100–274 inserted at end ‘‘Any Pub. L. 100–141, Oct. 28, 1987, 101 Stat. 832.—1988 Olym- gold coin issued under section 5112 of this title shall pic Games. contain the full weight of gold stated on the coin.’’