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103D CONGRESS

1ST SESSION H. R. 3668

To require the Secretary of the Treasury to mint coins in commemoration

of the 125th anniversary of the founding of the American Museum

of Natural History.

IN THE HOUSE OF REPRESENTATIVES

NOVEMBER 22, 1993

Mr. NADLER (for himself and Mrs. MALONEY) introduced the following bill;

which was referred to the Committee on Banking, Finance and Urban Affairs

A BILL

To require the Secretary of the Treasury to mint coins

in commemoration of the 125th anniversary of the founding of the American Museum of Natural History.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘American Museum of

5 Natural History 125th Anniversary Commemorative Coin

6 Act’’.

7 SEC. 2. COIN SPECIFICATIONS.

8 (a) ONE DOLLAR SILVER COINS.—
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1 (1) ISSUANCE.—The Secretary of the Treasury

2 (hereafter in this Act referred to as the ‘‘Secretary’’)

3 shall issue not more than 600,000 one-dollar coins

4 each of which shall—

5 (A) weigh 26.73 grams;

6 (B) have a diameter of 1.500 inches; and

7 (C) be composed of 90 percent silver and

8 10 percent copper.

9 (2) DESIGN.—The design of the dollar coins

10 shall be emblematic of a prehistoric dinosaur, con11 tain the inscription ‘‘American Museum of Natural

12 History’’, and a view of the east front (located on

13 Central Park West in New York City) of the Amer14 ican Museum of Natural History. On each coin shall

15 be a designation of the value of the coin, an inscrip16 tion of the year ‘‘1995’’, and inscriptions of the

17 words ‘‘Liberty’’, ‘‘In God We Trust’’, ‘‘United

18 States of America’’, and ‘‘E Pluribus Unum’’.

19 (b) LEGAL TENDER.—The coins minted under this

20 Act shall be legal tender as provided in section 5103 of

21 title 31, United States Code.

22 (c) NUMISMATIC ITEMS.—For purposes of section

23 5132(a)(1) of title 31, United States Code, all coins mint24 ed under this Act shall be considered to be numismatic

25 items.
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1 SEC. 3. SOURCES OF BULLION.

2 The Secretary shall obtain silver for the coins minted

3 under this Act from stockpiles established under the Stra4 tegic and Critical Minerals Stock Piling Act.

5 SEC. 4. SELECTION OF DESIGN.

6 Subject to section 2(a)(2), the design for each coin

7 authorized by this Act shall be—

8 (1) selected by the Secretary after consultation

9 with the licensing and marketing manager of the

10 American Museum of Natural History and the Com11 mission of Fine Arts; and

12 (2) reviewed by the Citizens Commemorative

13 Coin Advisory Committee.

14 SEC. 5. ISSUANCE OF THE COINS.

15 (a) PERIOD FOR ISSUANCE.—The coins minted under

16 this Act may be issued by the Secretary beginning on Jan17 uary 1, 1995.

18 (b) TERMINATION OF AUTHORITY.—Coins may not

19 be minted under this Act after December 31, 1995.

20 (c) USE OF 1 MINT FACILITY.—Only 1 facility of the

21 United States Mint may be used to strike any particular

22 quality of the coins minted under this Act.

23 (d) PROOF AND UNCIRCULATED COINS.—The coins

24 minted under this Act shall be issued in uncirculated and

25 proof qualities.
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1 SEC. 6. SALE OF COINS.

2 (a) SALE PRICE.—Notwithstanding any other provi3 sion of law, the Secretary shall sell the coins minted under

4 this Act at a price equal to the sum of the face value,

5 the surcharge required under subsection (c), and the cost

6 of designing and issuing the coins (including labor, mate7 rials, dies, use of machinery, and overhead expenses).

8 (b) BULK SALES.—The Secretary shall make any

9 bulk sales of the coins minted under this Act at a reason10 able discount.

11 (c) PREPAID ORDERS.—The Secretary shall accept

12 prepaid orders for the coins minted under this Act prior

13 to the issuance of such coins. Sale prices with respect to

14 such prepaid orders shall be at a reasonable discount.

15 (d) SURCHARGE.—All sales of coins minted under

16 this Act shall include a surcharge of $10.00 per coin.

17 SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA18 TIONS.

19 (a) IN GENERAL.—Except as provided in subsection

20 (b), no provision of law governing procurement or public

21 contracts shall be applicable to the procurement of goods

22 and services necessary for carrying out the provisions of

23 this Act.

24 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub25 section (a) shall not relieve any person entering into a con-
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1 tract under the authority of this Act from complying with

2 any law relating to equal employment opportunity.

3 SEC. 8. DISTRIBUTION OF SURCHARGES.

4 The surcharges received by the Secretary from the

5 sale of the coins issued under this Act shall be promptly

6 paid by the Secretary to the Budgetary Fund for the

7 American Museum of Natural History.

8 SEC. 9. AUDITS.

9 The Comptroller General shall have the right to ex10 amine such books, records, documents, and other data of

11 the Budgetary Fund of the American Museum of Natural

12 History as may be related to the expenditure of amounts

13 paid under section 8.

14 SEC. 10. FINANCIAL ASSURANCES.

15 (a) NO NET COST TO THE GOVERNMENT.—The Sec16 retary shall take such actions as may be necessary to en17 sure that minting and issuing coins under this Act will

18 not result in any net cost to the United States Govern19 ment.

20 (b) PAYMENT FOR COINS.—A coin shall not be issued

21 under this Act unless the Secretary has received—

22 (1) full payment for the coin;

23 (2) security satisfactory to the Secretary to in24 demnify the United States for full payment; or
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1 (3) a guarantee of full payment satisfactory to

2 the Secretary from a depository institution whose

3 deposits are insured by the Federal Deposit Insur4 ance Corporation or the National Credit Union Ad5 ministration Board.

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