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31 U.S.C. § 5103 — Legal tender
Federal law — U.S. Code and appendices · legal_authorities
United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.
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Source file: Laws/federal/codes/united-states-code/title-31/section-5103-legal-tender--44a19b209a.md
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Source location: Title 31, Chapter 51, § 5103; chapter-051-coins-and-currency.md
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United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** In this section, “original check”—
(1) means an order for the payment of money—
(A) payable on demand;
(B) that does not bear interest;
(C) drawn by an authorized disbursing official or agent of the United States Government; and
(D) the amount of which is deposited with the Treasury or another account available for payment; and
(2) does not include coins and currency of the Government.
**(b)** When the Secretary of the Treasury is satisfied that an original check is lost, stolen, destroyed in any part, or is so defaced that the value to the owner or holder is impaired, the Secretary may issue a substitute check to the owner or holder of the original check. Except as provided in subsection (c) or (f) of this section, the substitute check is payable from the amount available to pay the original check.
**(c)** When the Secretary is satisfied that an original check drawn on a depositary in a foreign country or a territory or possession of the United States is lost, stolen, destroyed in part, or is so defaced that its value to the owner or holder is impaired, the drawer of the original check (or another official designated by the Secretary with the approval of the head of the agency on whose behalf the original check was issued) may issue to the owner or holder of the check a substitute check. The drawer or official shall issue the substitute check by the last day of the fiscal year after the fiscal year in which the original check was issued—
(1) using the current date; and
(2) drawn on the account of the drawer of the original check or another account available for payment of the substitute.
**(d)** A substitute check issued under this section—
(1) may be paid only if the original check has not been paid;
(2) shall include information necessary
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 3331
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Standards for the issuance of payment stablecoins**
(1) **In general** — A permitted payment stablecoin issuer shall—
(A) maintain identifiable reserves backing the outstanding payment stablecoins of the permitted payment stablecoin issuer on an at least 1 to 1 basis, with reserves comprising—
(i) United States coins and currency (including Federal Reserve notes) or money standing to the credit of an account with a Federal Reserve Bank;
(ii) funds held as demand deposits (or other deposits that may be withdrawn upon request at any time) or insured shares at an insured depository institution (including any foreign branches or agents, including correspondent banks, of an insured depository institution), subject to limitations established by the Corporation and the National Credit Union Administration, as applicable, to address safety and soundness risks of such insured depository institution;
(iii) Treasury bills, notes, or bonds—
(I) with a remaining maturity of 93 days or less; or
(II) issued with a maturity of 93 days or less;
(iv) money received under repurchase agreements, with the permitted payment stablecoin issuer acting as a seller of securities and with an overnight maturity, that are backed by Treasury bills with a maturity of 93 days or less;
(v) reverse repurchase agreements, with the permitted payment stablecoin issuer acting as a purchaser of securities and with an overnight maturity, that are collateralized by Treasury notes, bills, or bonds on an overnight basis, subject to overcollateralization in line with standard market terms, that are—
(I) tri-party;
(II) centrally cleared through a clearing agency registered with the Securities and Exchange Commission; or
(III) bilateral with a co
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 5903
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Federal law — U.S. Code and appendices · legal_authorities
**(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
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 5112
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Except to the extent authorized in regulations the Secretary of the Treasury prescribes with the approval of the President, the Secretary may not redeem United States currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) in gold. However, the Secretary shall redeem gold certificates owned by the Federal reserve banks at times and in amounts the Secretary decides are necessary to maintain the equal purchasing power of each kind of United States currency. When redemption in gold is authorized, the redemption may be made only in gold bullion bearing the stamp of a United States mint or assay office in an amount equal at the time of redemption to the currency presented for redemption.
**(b)**
(1) Except as provided in subsection (c)(1) of this section, the following are public debts bearing no interest:
(A) gold certificates issued before January 30, 1934.
(B) silver certificates.
(C) notes issued under the Act of July 14, 1890 (ch. 708, 26 Stat. 289).
(D) Federal Reserve notes for which payment was made under section 4 of the Old Series Currency Adjustment Act.
(E) United States currency notes, including those issued under section 1 of the Act of February 25, 1862 (ch. 33, 12 Stat. 345), the Act of July 11, 1862 (ch. 142, 12 Stat. 532), the resolution of January 17, 1863 (P.R. 9; 12 Stat. 822), section 2 of the Act of March 3, 1863 (ch. 73, 12 Stat. 710), or [section 5115 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5115&num=0&edition=prelim).
(2) **Redemption, cancellation, and destruction of currency.—** — The Secretary shall—
(A) redeem any currency described in paragraph (1) from the general fund of the Treasury upon presentment to the Secre
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 5119
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Federal law — U.S. Code and appendices · legal_authorities
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
Source: Supplied 2024 U.S. Code historical extraction · 31 U.S.C. § 5103
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