American Museum of Natural History 125th Anniversary Commemorative Coin Act

Summary: American Museum of Natural History 125th Anniversary Commemorative Coin Act - Directs the Secretary of the Treasury to: (1) issue one-dollar silver coins emblematic of a prehistoric dinosaur and a view of the east front of the American Museum of Natural History (located on Central Park West in New York City); and (2) pay surcharges received from coin sales to the Budgetary Fund for the Museum.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``American Museum of Natural History 
125th Anniversary Commemorative Coin Act''.

SEC. 2. COIN SPECIFICATIONS.

    (a) One Dollar Silver Coins.--
            (1) Issuance.--The Secretary of the Treasury (hereafter in 
        this Act referred to as the ``Secretary'') shall issue not more 
        than 600,000 one-dollar coins each of which shall--
                    (A) weigh 26.73 grams;
                    (B) have a diameter of 1.500 inches; and
                    (C) be composed of 90 percent silver and 10 percent 
                copper.
            (2) Design.--The design of the dollar coins shall be 
        emblematic of a prehistoric dinosaur, contain the inscription 
        ``American Museum of Natural History'', and a view of the east 
        front (located on Central Park West in New York City) of the 
        American Museum of Natural History. On each coin shall be a 
        designation of the value of the coin, an inscription of the 
        year ``1995'', and inscriptions of the words ``Liberty'', ``In 
        God We Trust'', ``United States of America'', and ``E Pluribus 
        Unum''.
    (b) Legal Tender.--The coins minted under this Act shall be legal 
tender as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--For purposes of section 5132(a)(1) of title 
31, United States Code, all coins minted under this Act shall be 
considered to be numismatic items.

SEC. 3. SOURCES OF BULLION.

    The Secretary shall obtain silver for the coins minted under this 
Act from stockpiles established under the Strategic and Critical 
Minerals Stock Piling Act.

SEC. 4. SELECTION OF DESIGN.

    Subject to section 2(a)(2), the design for each coin authorized by 
this Act shall be--
            (1) selected by the Secretary after consultation with the 
        licensing and marketing manager of the American Museum of 
        Natural History and the Commission of Fine Arts; and
            (2) reviewed by the Citizens Commemorative Coin Advisory 
        Committee.

SEC. 5. ISSUANCE OF THE COINS.

    (a) Period for Issuance.--The coins minted under this Act may be 
issued by the Secretary beginning on January 1, 1995.
    (b) Termination of Authority.--Coins may not be minted under this 
Act after December 31, 1995.
    (c) Use of 1 Mint Facility.--Only 1 facility of the United States 
Mint may be used to strike any particular quality of the coins minted 
under this Act.
    (d) Proof and Uncirculated Coins.--The coins minted under this Act 
shall be issued in uncirculated and proof qualities.

SEC. 6. SALE OF COINS.

    (a) Sale Price.--Notwithstanding any other provision of law, the 
Secretary shall sell the coins minted under this Act at a price equal 
to the sum of the face value, the surcharge required under subsection 
(c), and the cost of designing and issuing the coins (including labor, 
materials, dies, use of machinery, and overhead expenses).
    (b) Bulk Sales.--The Secretary shall make any bulk sales of the 
coins minted under this Act at a reasonable discount.
    (c) Prepaid Orders.--The Secretary shall accept prepaid orders for 
the coins minted under this Act prior to the issuance of such coins. 
Sale prices with respect to such prepaid orders shall be at a 
reasonable discount.
    (d) Surcharge.--All sales of coins minted under this Act shall 
include a surcharge of $10.00 per coin.

SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

    (a) In General.--Except as provided in subsection (b), no provision 
of law governing procurement or public contracts shall be applicable to 
the procurement of goods and services necessary for carrying out the 
provisions of this Act.
    (b) Equal Employment Opportunity.--Subsection (a) shall not relieve 
any person entering into a contract under the authority of this Act 
from complying with any law relating to equal employment opportunity.

SEC. 8. DISTRIBUTION OF SURCHARGES.

    The surcharges received by the Secretary from the sale of the coins 
issued under this Act shall be promptly paid by the Secretary to the 
Budgetary Fund for the American Museum of Natural History.

SEC. 9. AUDITS.

    The Comptroller General shall have the right to examine such books, 
records, documents, and other data of the Budgetary Fund of the 
American Museum of Natural History as may be related to the expenditure 
of amounts paid under section 8.

SEC. 10. FINANCIAL ASSURANCES.

    (a) No Net Cost to the Government.--The Secretary shall take such 
actions as may be necessary to ensure that minting and issuing coins 
under this Act will not result in any net cost to the United States 
Government.
    (b) Payment for Coins.--A coin shall not be issued under this Act 
unless the Secretary has received--
            (1) full payment for the coin;
            (2) security satisfactory to the Secretary to indemnify the 
        United States for full payment; or
            (3) a guarantee of full payment satisfactory to the 
        Secretary from a depository institution whose deposits are 
        insured by the Federal Deposit Insurance Corporation or the 
        National Credit Union Administration Board.