H. R. 3790
One Hundred Fifth Congress
of the
United States of America
AT THE SECOND SESSION
Begun and held at the City of Washington on Tuesday,
the twenty-seventh day of January, one thousand nine hundred and ninety-eight
An Act
To require the Secretary of the Treasury to mint coins in commemoration of the
bicentennial of the Library of Congress.
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Library of Congress Bicentennial
Commemorative Coin Act of 1998’’.
SEC. 2. COIN SPECIFICATIONS.
(a) DENOMINATIONS.—The Secretary of the Treasury (hereafter
in this Act referred to as the ‘‘Secretary’’) shall mint and issue
the following coins:
(1) $5 GOLD COINS.—Not more than 100,000 $5 coins, which
shall—
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
(C) contain 90 percent gold and 10 percent alloy.
(2) $1 SILVER COINS.—Not more than 500,000 $1 coins,
which shall—
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 percent copper.
(b) BIMETALLIC COINS.—The Secretary may mint and issue
not more than 200,000 $10 bimetallic coins of gold and platinum
instead of the gold coins required under subsection (a)(1) in accord-
ance with such specifications as the Secretary determines to be
appropriate.
(c) LEGAL TENDER.—The coins minted under this Act shall
be legal tender, as provided in section 5103 of title 31, United
States Code.
SEC. 3. SOURCES OF BULLION.
(a) PLATINUM AND GOLD.—The Secretary shall obtain platinum
and gold for minting coins under this Act from available sources.
(b) SILVER.—The Secretary may obtain silver for minting coins
under this Act from stockpiles established under the Strategic and
Critical Materials Stock Piling Act and from other available sources.
SEC. 4. DESIGN OF COINS.
(a) DESIGN REQUIREMENTS.—
(1) IN GENERAL.—The design of the coins minted under
this Act shall be emblematic of the Library of Congress.
(2) DESIGNATION AND INSCRIPTIONS.—On each coin minted
under this Act there shall be—
H. R. 3790—2
(A) a designation of the value of the coin;
(B) an inscription of the year ‘‘2000’’; and
(C) inscriptions of the words ‘‘Liberty’’, ‘‘In God We
Trust’’, ‘‘United States of America’’, and ‘‘E Pluribus
Unum’’.
(b) SELECTION.—The design for the coins minted under this
Act shall be—
(1) selected by the Secretary after consultation with the
Library of Congress and the Commission of Fine Arts; and
(2) reviewed by the Citizens Commemorative Coin Advisory
Committee.
SEC. 5. ISSUANCE OF COINS.
(a) QUALITY
OF COINS.—Coins minted under this Act shall
be issued in uncirculated and proof qualities.
(b) MINT FACILITY.—Only one facility of the United States
Mint may be used to strike any particular combination of denomina-
tion and quality of the coins minted under this Act.
(c) PERIOD
FOR ISSUANCE.—The Secretary may issue coins
minted under this Act only during the period beginning on January
1, 2000, and ending on December 31, 2000.
(d) PROMOTION CONSULTATION.—The Secretary shall—
(1) consult with the Library of Congress in order to
establish a role for the Library of Congress in the promotion,
advertising, and marketing of the coins minted under this
Act; and
(2) if the Secretary determines that such action would
be beneficial to the sale of coins minted under this Act, enter
into a contract with the Library of Congress to carry out the
role established under paragraph (1).
SEC. 6. SALE OF COINS.
(a) SALE PRICE.—The coins issued under this Act shall be
sold by the Secretary at a price equal to the sum of—
(1) the face value of the coins;
(2) the surcharge provided in subsection (d) with respect
to such coins; and
(3) the cost of designing and issuing the coins (including
labor, materials, dies, use of machinery, overhead expenses,
marketing, and shipping).
(b) BULK SALES.—The Secretary shall make bulk sales of the
coins issued under this Act at a reasonable discount.
(c) PREPAID ORDERS.—
(1) IN GENERAL.—The Secretary shall accept prepaid orders
for the coins minted under this Act before the issuance of
such coins.
(2) DISCOUNT.—Sale prices with respect to prepaid orders
under paragraph (1) shall be at a reasonable discount.
(d) 
SURCHARGES.—All 
sales 
shall 
include 
a 
surcharge
established by the Secretary, in an amount equal to not more
than—
(1) $50 per coin for the $10 coin or $35 per coin for the
$5 coin; and
(2) $5 per coin for the $1 coin.
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SEC. 7. DISTRIBUTION OF SURCHARGES.
All surcharges received by the Secretary from the sale of coins
issued under this Act shall be paid by the Secretary to the Library
of Congress Trust Fund Board in accordance with section 5134(f )
of title 31, United States Code (as added by section 529(b)(2) of
the Treasury, Postal Service, and General Government Appropria-
tions Act, 1997), to be used for the purpose of supporting bicenten-
nial programs, educational outreach activities (including schools
and libraries), and other activities of the Library of Congress.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.