(2) The Mayflower Compact laid the foundation 
and moral framework for the future laws of the 
United States. 
(3) The General Society of Mayflower Dece-
dents’ mission is— 
(A) to tell the story of the Pilgrim’s jour-
ney on the Mayflower in 1620, bringing with 
them principles of civil and religious liberty to 
America as memorialized in the Mayflower 
Compact; 
(B) to raise public awareness and increase 
the public understanding of the importance of 
the Pilgrim’s lives and legacies; and 
(C) to encourage a passion for history. 
(4) A commemorative coin will bring national 
and international attention to the lasting legacy of 
this important event. 
(5) The proceeds from a surcharge on the sale 
of such commemorative coin will assist the financing 
of educational, scholarship, and outreach programs; 
SEC. 3. COIN SPECIFICATIONS. 
(a) DENOMINATIONS.—The Secretary of the Treas-
ury (hereafter in this Act referred to as the ‘‘Secretary’’) 
shall mint and issue the following coins: 
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(1) $5 GOLD COINS.—Not more than 50,000 $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 100,000 
$1 coins, which shall— 
(A) weigh 26.73 grams; 
(B) have a diameter of 1.500 inches; and 
(C) contain at least 90 percent silver. 
(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 
5134 of title 31, United States Code, all coins minted 
under this Act shall be considered to be numismatic items. 
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 ar-
rival of the Pilgrims. 
(2) DESIGNATION
AND
INSCRIPTIONS.—On 
each coin minted under this Act there shall be— 
(A) a designation of the value of the coin; 
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(B) an inscription of— 
(i) the mint date ‘‘2020’’; and 
(ii) the year ‘‘1620’’; and 
(C) inscriptions of the words ‘‘Liberty’’, 
‘‘In God We Trust’’, ‘‘United States of Amer-
ica’’, 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 Commission of Fine Arts and the General 
Society of Mayflower Descendants; and 
(2) reviewed by the Citizens Coinage Advisory 
Committee. 
SEC. 5. ISSUANCE OF COINS. 
(a) QUALITY OF COINS.—Coins minted under this 
Act shall be issued in proof quality and uncirculated qual-
ity. 
(b) 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. 
(c) PERIOD OF ISSUANCE.—The Secretary may issue 
coins, to the public, minted under this Act only during 
the 1-year period beginning on January 1, 2020. 
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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 section 7(a) 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 pre-
paid orders under paragraph (1) shall be at a rea-
sonable discount. 
SEC. 7. SURCHARGES. 
(a) IN GENERAL.—All sales of coins issued under this 
Act shall include a surcharge as follows: 
(1) A surcharge of $35 per coin for the $5 gold 
coin. 
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(2) A surcharge of $10 per coin for the $1 sil-
ver coin. 
(b) DISTRIBUTION.—Subject to section 5134(f)(1) of 
title 31, United States Code, all surcharges received by 
the Secretary from the sale of coins issued under this Act 
shall be promptly paid by the Secretary to the General 
Society of Mayflower Descendants for educational pur-
poses. 
(c) AUDITS.—The General Society of Mayflower De-
scendants shall be subject to the audit requirements of 
section 5134(f)(2) of title 31, United States Code, with 
regard to the amounts received under subsection (b). 
(d) LIMITATION.—Notwithstanding subsection (a), 
no surcharge may be included with respect to the issuance 
under this Act of any coin during a calendar year if, as 
of the time of such issuance, the issuance of such coin 
would result in the number of commemorative coin pro-
grams issued during such year to exceed the annual 2 
commemorative coin program issuance limitation under 
section 5112(m)(1) of title 31, United States Code (as in 
effect on the date of the enactment of this Act). The Sec-
retary of the Treasury may issue guidance to carry out 
this subsection. 
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SEC. 8. FINANCIAL ASSURANCES. 
The Secretary shall take such actions as may be nec-
essary to ensure that— 
(1) minting and issuing coins under this Act 
will not result in any net cost to the United States 
Government; and 
(2) no funds, including applicable surcharges, 
shall be disbursed to any recipient designated in sec-
tion 7 until the total cost of designing and issuing 
all of the coins authorized by this Act (including 
labor, materials, dies, use of machinery, overhead ex-
penses, marketing, and shipping) is recovered by the 
United States Treasury, consistent with sections 
5112(m) and 5134(f) of title 31, United States 
Code. 
Æ 
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