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31 U.S.C. § 5111 — Minting and issuing coins, medals, and numismatic items

Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5111 — Minting and issuing coins, medals, and numismatic items

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Source location: Title 31, Chapter 51, § 5111; chapter-051-coins-and-currency.md

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**(a)** The Secretary of the Treasury— (1) shall mint and issue coins described in [section 5112 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5112&num=0&edition=prelim) in amounts the Secretary decides are necessary to meet the needs of the United States; (2) may prepare national medal dies and strike national and other medals if it does not interfere with regular minting operations but may not prepare private medal dies; (3) may prepare and distribute numismatic items; and (4) may mint coins for a foreign country if the minting does not interfere with regular minting operations, and shall prescribe a charge for minting the foreign coins equal to the cost of the minting (including labor, materials, and the use of machinery). **(b)** The Department of the Treasury has a coinage metal fund and a coinage profit fund. The Secretary may use the coinage metal fund to buy metal to mint coins. The Secretary shall credit the coinage profit fund with the amount by which the nominal value of the coins minted from the metal exceeds the cost of the metal. The Secretary shall charge the coinage profit fund with waste incurred in minting coins and the cost of distributing the coins, including the cost of coin bags and pallets. The Secretary shall deposit in the Treasury as miscellaneous receipts excess amounts in the coinage profit fund. **(c) Procurements Relating to Coin Production.—** (1) **In general.—** — The Secretary may make contracts, on conditions the Secretary decides are appropriate and are in the public interest, to acquire articles, materials, supplies, and services (including equipment, manufacturing facilities, patents, patent rights, technical knowledge, and assistance) necessary to produce the coins referred to in this title. (2) **Domestic control of coinage.—** (A) Subject to subparagraph (B), in order to protect the national security through domestic control of the coinage process, the Secretary shall acquire only such articles, materials, supplies, and services (including equipment, manufacturing facilities, patents, patent rights, technical knowledge, and assistance) for the production of coins as have been produced or manufactured in the United States unless the Secretary determines it to be inconsistent with the public interest, or the cost to be unreasonable, and publishes in the Federal Register a written finding stating the basis for the determination. (B) Subparagraph (A) shall apply only in the case of a bid or offer from a supplier the principal place of business of which is in a foreign country which does not accord to United States companies the same competitive opportunities for procurements in connection with the production of coins as it accords to domestic companies. (3) **Determination.—** (A) *In general.—* — Any determination of the Secretary referred to in paragraph (2) shall not be reviewable in any administrative proceeding or court of the United States. (B) *Other rights unaffected.—* — This paragraph does not alter or annul any right of review that arises under any provision of any law or regulation of the United States other than paragraph (2). (4) Nothing in paragraph (2) of this subsection in any way affects the procurement by the Secretary of gold and silver for the production of coins by the United States Mint. **(d)** (1) The Secretary may prohibit or limit the exportation, melting, or treatment of United States coins when the Secretary decides the prohibition or limitation is necessary to protect the coinage of the United States. (2) A person knowingly violating an order or license issued or regulation prescribed under paragraph (1) of this subsection, shall be fined not more than $10,000, imprisoned not more than 5 years, or both. (3) Coins exported, melted, or treated in violation of an order or license issued or regulation prescribed, and metal resulting from the melting or treatment, shall be forfeited to the United States Government. The powers of the Secretary and the remedies available to enforce forfeitures are those provided in part II of subchapter C of chapter 75 of the Internal Revenue Code of 1954 11 See References in Text note below. ([26 U.S.C. 7321](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section7321&num=0&edition=prelim) et seq.).

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Federal law — U.S. Code and appendices · legal_authorities

26 U.S.C. § 7321 — Authority to seize property subject to forfeiture

Any property subject to forfeiture to the United States under any provision of this title may be seized by the Secretary.

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5112 — Denominations, specifications, and design of coins

**(a)** The Secretary of the Treasury may mint and issue only the following coins: (1) a dollar coin that is 1.043 inches in diameter. (2) a half dollar coin that is 1.205 inches in diameter and weighs 11.34 grams. (3) a quarter dollar coin that is 0.955 inch in diameter and weighs 5.67 grams. (4) a dime coin that is 0.705 inch in diameter and weighs 2.268 grams. (5) a 5-cent coin that is 0.835 inch in diameter and weighs 5 grams. (6) except as provided under subsection (c) of this section, a one-cent coin that is 0.75 inch in diameter and weighs 3.11 grams. (7) A fifty dollar gold coin that is 32.7 millimeters in diameter, weighs 33.931 grams, and contains one troy ounce of fine gold. (8) A twenty-five dollar gold coin that is 27.0 millimeters in diameter, weighs 16.966 grams, and contains one-half troy ounce of fine gold. (9) A ten dollar gold coin that is 22.0 millimeters in diameter, weighs 8.483 grams, and contains one-fourth troy ounce of fine gold. (10) A five dollar gold coin that is 16.5 millimeters in diameter, weighs 3.393 grams, and contains one-tenth troy ounce of fine gold. (11) A $50 gold coin that is of an appropriate size and thickness, as determined by the Secretary, weighs 1 ounce, and contains 99.99 percent pure gold. (12) A $25 coin of an appropriate size and thickness, as determined by the Secretary, that weighs 1 troy ounce and contains .9995 fine palladium. **(b)** The half dollar, quarter dollar, and dime coins are clad coins with 3 layers of metal. The 2 identical outer layers are an alloy of 75 percent copper and 25 percent nickel. The inner layer is copper. The outer layers are metallurgically bonded to the inner layer and weigh at least 30 percent of the weight of the coin. The dollar coin shall be golden in color, have a distin

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5136 — United States Mint Public Enterprise Fund

There shall be established in the Treasury of the United States, a United States Mint Public Enterprise Fund (the “Fund”) for fiscal year 1996 and hereafter: Provided, That all receipts from Mint operations and programs, including the production and sale of numismatic items, the production and sale of circulating coinage, the protection of Government assets, and gifts and bequests of property, real or personal shall be deposited into the Fund and shall be available without fiscal year limitations: Provided further, That all expenses incurred by the Secretary of the Treasury for operations and programs of the United States Mint that the Secretary of the Treasury determines, in the Secretary’s sole discretion, to be ordinary and reasonable incidents of Mint operations and programs, and any expense incurred pursuant to any obligation or other commitment of Mint operations and programs that was entered into before the establishment of the Fund, shall be paid out of the Fund: Provided further, That not to exceed 6.2415 percent of the nominal value of the coins minted, shall be paid out of the Fund for the circulating coin operations and programs in fiscal year 1996 for those operations and programs previously provided for by appropriation: Provided further, That the Secretary of the Treasury may borrow such funds from the General Fund as may be necessary to meet existing liabilities and obligations incurred prior to the receipt of revenues into the Fund: Provided further, That the General Fund shall be reimbursed for such funds by the Fund within one year of the date of the loan: Provided further, That the Fund may retain receipts from the Federal Reserve System from the sale of circulating coins at face value for deposit into the Fund (retention of receipts is for the circu

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5101 — Decimal system

United States money is expressed in dollars, dimes or tenths, cents or hundreths,11 So in original. Probably should be “hundredths,”. and mills or thousandths. A dime is a tenth of a dollar, a cent is a hundredth of a dollar, and a mill is a thousandth of a dollar.

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5135 — Citizens Coinage Advisory Committee

**(a) Establishment.—** (1) **In general.—** — There is hereby established the Citizens Coinage Advisory Committee (in this section referred to as the “Advisory Committee”) to advise the Secretary of the Treasury on the selection of themes and designs for coins. (2) **Oversight of advisory committee.—** — The Advisory Committee shall be subject to the authority of the Secretary of the Treasury (hereafter in this section referred to as the “Secretary”). **(b) Membership.—** (1) **Appointment.—** — The Advisory Committee shall consist of 11 members appointed by the Secretary as follows: (A) Seven persons appointed by the Secretary— (i) one of whom shall be appointed from among individuals who are specially qualified to serve on the Advisory Committee by virtue of their education, training, or experience as a nationally or internationally recognized curator in the United States of a numismatic collection; (ii) one of whom shall be appointed from among individuals who are specially qualified to serve on the Advisory Committee by virtue of their experience in the medallic arts or sculpture; (iii) one of whom shall be appointed from among individuals who are specially qualified to serve on the Advisory Committee by virtue of their education, training, or experience in American history; (iv) one of whom shall be appointed from among individuals who are specially qualified to serve on the Advisory Committee by virtue of their education, training, or experience in numismatics; and (v) three of whom shall be appointed from among individuals who can represent the interests of the general public in the coinage of the United States. (B) Four persons appointed by the Secretary on the basis of the recommendations of the following officials who shall

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Federal law — U.S. Code and appendices · legal_authorities

26 U.S.C. § 7321 — Authority to seize property subject to for-

Page 3868 TITLE 26—INTERNAL REVENUE CODE § 7321 PART II—PROVISIONS COMMON TO FORFEITURES Sec. 7321. Authority to seize property subject to for- feiture. 7322. Delivery of seized personal property to United States marshal. 7323. Judicial action to enforce forfeiture. 7324. Special disposition of perishable goods. 7325. Personal property valued at $100,000 or less. [7326. Repealed.] 7327. Customs laws applicable. 7328. Cross references. Editorial Notes AMENDMENTS 2018—Pub. L. 115–141, div. U, title IV, § 401(b)(50), Mar. 23, 2018, 132 Stat. 1205, struck out item 7326 ‘‘Disposal of forfeited or abandoned property in special cases’’. 1986—Pub. L. 99–514, title XV, § 1566(d), Oct. 22, 1986, 100 Stat. 2763, substituted ‘‘$100,000’’ for ‘‘$2,500’’ in item 7325. 1976—Pub. L. 94–455, title XIX, § 1904(b)(8)(H)(ii), Oct. 4, 1976, 90 Stat. 1816, struck out item 7328 ‘‘Confiscation of matches exported’’ and redesignated item 7329 as 7328. 1958—Pub. L. 85–859, title II, § 204(11), Sept. 2, 1958, 72 Stat. 1429, substituted ‘‘$2,500’’ for ‘‘$1,000’’ in item 7325. § 7321. Authority to seize property subject to for- feiture Any property subject to forfeiture to the United States under any provision of this title may be seized by the Secretary. (Aug. 16, 1954, ch. 736, 68A Stat. 869; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.) Editorial Notes AMENDMENTS 1976—Pub. L. 94–455 struck out ‘‘or his delegate’’ after ‘‘Secretary’’. § 7322. Delivery of seized personal property to United States marshal Any forfeitable property which may be seized under the provisions of this title may, at the op- tion of the Secretary, be delivered to the United States marshal of the district, and remain in the care and custody and unde

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5111 — Minting and issuing coins, medals, and

Page 374 TITLE 31—MONEY AND FINANCE § 5102 set out as notes under sections 5132 and 5134 of this title, amending provisions set out as notes under sec- tion 5112 of this title, and repealing provisions set out as a note under section 5112 of this title] may be cited as the ‘United States Mint Reauthorization and Reform Act of 1992’.’’ SHORT TITLE OF 1990 AMENDMENT Pub. L. 101–585, § 1, Nov. 15, 1990, 104 Stat. 2874, pro- vided that: ‘‘This Act [amending section 5132 of this title] may be cited as the ‘Silver Coin Proof Sets Act’.’’ § 5102. Standard weight The standard troy pound of the National Insti- tute of Standards and Technology of the Depart- ment of Commerce shall be the standard used to ensure that the weight of United States coins conforms to specifications in section 5112 of this title. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 980; Pub. L. 100–418, title V, § 5115(c), Aug. 23, 1988, 102 Stat. 1433.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 5102 ......... 31:364. R.S. § 3548; restated Mar. 4, 1911, ch. 268, § 1, 36 Stat. 1354. The words ‘‘National Bureau of Standards of the De- partment of Commerce’’ are substituted for ‘‘Bureau of Standards of the United States’’ because of 15:1511. The words ‘‘troy pound of the mint of the United States, conformably to which the coinage thereof shall be reg- ulated’’ are omitted as unnecessary because of the re- statement. The word ‘‘ensure’’ is substituted for ‘‘se- curing’’ as being more precise. The words ‘‘specifica- tions in section 5112 of this title’’ are substituted for ‘‘the provisions of the laws relating to coinage’’ be- cause of the restatement. Editorial Notes AMENDMENTS 1988—Pub. L. 100–418 substituted ‘‘National Institute of Standa

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