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104TH CONGRESS

1ST SESSION S. 943

To require the Secretary of the Treasury to mint and issue coins in

commemoration of the 125th Anniversary of Yellowstone National Park.

IN THE SENATE OF THE UNITED STATES

JUNE 19, 1995

Mr. THOMAS (for himself, Mr. SIMPSON, Mr. CRAIG, and Mr. CAMPBELL) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To require the Secretary of the Treasury to mint and issue

coins in commemoration of the 125th Anniversary of

Yellowstone National Park.

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 ‘‘Yellowstone National

5 Park 125th Anniversary Commemorative Coin Act’’.

6 SEC. 2. YELLOWSTONE NATIONAL PARK COMMEMORATIVE

7 COIN.

8 The Secretary of the Treasury (in this Act referred

9 to as the ‘‘Secretary’’) shall mint and issue coins in ac-
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1 cordance with this Act to commemorate the 125th Anni2 versary of Yellowstone National Park.

3 SEC. 3. SPECIFICATIONS.

4 (a) 1 DOLLAR SILVER COINS.—The Secretary shall

5 mint and issue not more than 500,000 1 dollar coins, each

6 of which shall—

7 (1) weigh 26.73 grams;

8 (2) have a diameter of 1.500 inches; and

9 (3) contain 90 percent silver and 10 percent

10 copper.

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

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

13 title 31, United States Code.

14 SEC. 4. SOURCES OF BULLION.

15 The Secretary shall obtain silver for the coins minted

16 under this Act from stockpiles established under the Stra17 tegic and Critical Minerals Stock Piling Act (50 U.S.C.

18 98 et seq.).

19 SEC. 5. DESIGN OF COINS.

20 (a) IN GENERAL.—The design of the coins minted

21 under this Act shall be emblematic of Yellowstone Na22 tional Park. On each coin, there shall be—

23 (1) a designation of the value of the coin;

24 (2) an inscription of the year ‘‘1997’’; and

25 (3) inscriptions of the words—
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1 (A) ‘‘Liberty’’;

2 (B) ‘‘In God We Trust’’;

3 (C) ‘‘United States of America’’; and

4 (D) ‘‘E Pluribus Unum’’.

5 (b) SELECTION OF DESIGN.—The design of the coins

6 minted under this Act shall be—

7 (1) selected by the Secretary after consultation

8 with the United States Commission of Fine Arts;

9 and

10 (2) reviewed by the Citizens Commemorative

11 Coin Advisory Committee in accordance with section

12 5134 of title 31, United States Code.

13 SEC. 6. ISSUANCE OF COINS.

14 (a) PERIOD OF ISSUANCE.—The coins minted under

15 this Act shall be issued only during the year 1997.

16 (b) QUALITY OF COINS.—The coins minted under

17 this Act shall be issued in uncirculated and proof qualities.

18 (c) MINT FACILITY.—Not more than 1 facility of the

19 United States Mint may be used to strike any particular

20 combination of denomination and quality of coins minted

21 under this Act.

22 SEC. 7. SALE OF COINS.

23 (a) SALE PRICE.—The Secretary shall sell the coins

24 minted under this Act at a price equal to the face value,

25 plus the cost of designing, minting, and issuing the coins
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1 (including labor, materials, dies, use of machinery, over2 head expenses, marketing, and shipping) and the sur3 charge provided for in subsection (d).

4 (b) BULK SALES.—The Secretary shall make bulk

5 sales of the coins minted under this Act at a reasonable

6 discount to reflect the lower costs of the sales.

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

8 prepaid orders for the coins minted under this Act prior

9 to their issuance. Sales under this subsection shall be at

10 a reasonable discount.

11 (d) SURCHARGES.—All sales of coins minted under

12 this Act shall include a surcharge of $10 per coin.

13 SEC. 8. USE OF SURCHARGES.

14 Surcharges received from the sale of coins minted

15 under this Act shall be distributed by the Secretary as

16 follows:

17 (1) YELLOWSTONE NATIONAL PARK.—50 per18 cent of the surcharges shall be paid to the Secretary

19 of the Interior to be used for Yellowstone National

20 Park, which amounts shall be in addition to any

21 other amounts appropriated or otherwise made avail22 able for Yellowstone National Park.

23 (2) NATIONAL PARK SERVICE.—50 percent of

24 the surcharges shall be paid to the Secretary of the
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1 Interior for use by the National Park Service Foun2 dation.

3 SEC. 9. FINANCIAL ASSURANCES.

4 The Secretary shall take actions necessary to ensure

5 that the minting and issuance of coins under this Act will

6 not result in any net cost to the Federal Government.

7 SEC. 10. GENERAL WAIVER OF PROCUREMENT REGULA8 TIONS.

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

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

11 contracts shall be applicable to the procurement of goods

12 or services relating to the minting and selling of the coins

13 authorized by this Act.

14 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub15 section (a) shall not relieve any person entering into a con16 tract under the authority of this Act from complying with

17 any law relating to equal employment opportunity.

18 SEC. 11. NUMISMATIC PUBLIC ENTERPRISE FUND.

19 The coins issued under this Act are subject to the

20 provisions of section 5134 of title 31, United States Code,

21 relating to the Numismatic Public Enterprise Fund.

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