I
103D CONGRESS
1ST SESSION
H. R. 3492
To authorize the minting of coins to commemorate the 200th anniversary
of the founding of the United States Military Academy at West Point,
New York.
IN THE HOUSE OF REPRESENTATIVES
NOVEMBER 10, 1993
Mr. FISH (for himself, Mr. BILBRAY, Mr. COBLE, Mr. GILMAN, Mr. LAN-
CASTER, Mr. LIPINSKI, Mr. HAYES, Mr. KING, Mr. PICKLE, Mr. REG-
ULA, Mr. SHAYS, Mr. STOKES, Mr. TANNER, Mr. TEJEDA, Mr. WOLF,
Mr. YOUNG of Florida, Mr. MARTINEZ, Mr. NATCHER, Mr. BLILEY, Mr.
EDWARDS of Texas, Mr. LAZIO, Mr. SARPALIUS, Mr. FALEOMAVAEGA,
Mr. MCMILLAN, Mr. MCHUGH, Mr. LEVY, Mr. FROST, Mr. HORN, Mr.
HOBSON, Mr. MONTGOMERY, Mr. SOLOMON, Mr. MYERS of Indiana, Mr.
COLEMAN, Mr. HOCHBRUECKNER, Mr. GEKAS, Mr. TOWNS, Mr. SPENCE,
Mr. GILLMOR, Mr. UNDERWOOD, Mr. SKEEN, Mr. REED, Mr. SCOTT,
Mr. DELLUMS, Mr. WALSH, Mr. MOORHEAD, Mr. HUGHES, Mr. SWIFT,
Mr. SERRANO, Mr. SUNDQUIST, Mr. ACKERMAN, Mr. LAUGHLIN, Mr.
MCDERMOTT, Mr. APPLEGATE, and Ms. SLAUGHTER) introduced the fol-
lowing bill; which was referred to the Committee on Banking, Finance
and Urban Affairs
A BILL
To authorize the minting of coins to commemorate the 200th
anniversary of the founding of the United States Military
Academy at West Point, New York.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘United States Military
Academy Bicentennial Commemorative Coin Act of
1993’’.
SEC. 2. COIN SPECIFICATIONS.
(a) FIVE DOLLAR GOLD COINS.—
(1) ISSUANCE.—The Secretary of the Treasury
(hereafter in this Act referred to as the ‘‘Secretary’’)
shall issue not more than 50,000 $5 coins, which
shall weigh 8.359 grams, have a diameter of 0.850
inches, and shall contain 90 percent gold and 10
percent alloy.
(2) DESIGN.—The design of the $5 coins shall
be emblematic of the United States Military Acad-
emy and its motto ‘‘Duty, Honor, Country’’. On
each such coin there shall be a designation of the
value of the coin, an inscription of the year ‘‘2002’’,
and inscriptions of the words ‘‘Liberty’’, ‘‘In God
We Trust’’, ‘‘United States of America’’, and ‘‘E
Pluribus Unum’’.
(b) ONE DOLLAR SILVER COINS.—
(1) ISSUANCE.—The Secretary shall issue not
more than 250,000 $1 coins, which shall weigh
26.73 grams, have a diameter of 1.500 inches, and
shall contain 90 percent silver and 10 percent cop-
per.
(2) DESIGN.—The design of the $1 coins shall
be emblematic of the United States Military Acad-
emy and its motto ‘‘Duty, Honor, Country’’. On
each such coin there shall be a designation of the
value of the coin, an inscription of the year ‘‘2002’’,
and inscriptions of the words ‘‘Liberty’’, ‘‘In God
We Trust’’, ‘‘United States of America’’, and ‘‘E
Pluribus Unum’’.
(c) HALF DOLLAR CLAD COINS.—
(1) ISSUANCE.—The Secretary shall issue not
more than 350,000 half dollar coins, each of which
shall weigh 11.34 grams, have a diameter of 1.205
inches; and be minted to the specifications for half
dollar coins contained in section 5112(b) of title 31,
United States Code.
(2) DESIGN.—The design of the half dollar
coins shall be emblematic of the United States Mili-
tary Academy and its motto ‘‘Duty, Honor, Coun-
try’’. On each such coin there shall be a designation
of the value of the coin, an inscription of the year
‘‘2002’’, and inscriptions of the words ‘‘Liberty’’,
‘‘In God We Trust’’, ‘‘United States of America’’,
and ‘‘E Pluribus Unum’’.
(d) LEGAL TENDER.—The coins issued under this
Act shall be legal tender as provided in section 5103 of
title 31, United States Code.
SEC. 3. SOURCES OF BULLION.
(a) SILVER BULLION.—The Secretary shall obtain
silver for the coins minted under this Act only from stock-
piles established under the Strategic and Critical Mate-
rials Stock Piling Act.
(b) GOLD BULLION.—The Secretary shall obtain gold
for the coins minted under this Act pursuant to the au-
thority of the Secretary under existing law.
SEC. 4. SELECTION OF DESIGN.
The design for each coin authorized by this Act shall
be selected by the Secretary after consultation with the
Commission of Fine Arts and the Bicentennial Steering
Group, Association of Graduates, United States Military
Academy. As required by section 5135 of title 31, United
States Code, the designs shall also be reviewed by the Citi-
zens Commemorative Coin Advisory Committee.
SEC. 5. ISSUANCE OF THE COINS.
(a) GOLD COINS.—The $5 coins authorized under
this Act may be issued in uncirculated and proof qualities
and shall be struck at the United States Bullion Deposi-
tory at West Point.
(b) SILVER
AND HALF DOLLAR COINS.—The $1
coins and the half dollar coins authorized under this Act
may be issued in uncirculated and proof qualities, except
that not more than 1 facility of the United States Mint
may be used to strike any particular combination of de-
nomination and quality.
(c) COMMENCEMENT OF ISSUANCE.—The coins au-
thorized under this Act shall be available for issue not
later than March 16, 2002.
(d) SUNSET PROVISION.—No coins shall be minted
under this Act after December 31, 2002.
SEC. 6. SALE OF THE COINS.
(a) SALE PRICE.—The coins issued under this Act
shall be sold by the Secretary at a price equal to the sum
of the face value of the coins, the surcharge provided in
subsection (d) with respect to such coins, and the cost of
designing and issuing such coins (including labor, mate-
rials, dies, use of machinery, overhead expenses, market-
ing, and shipping).
(b) BULK SALES.—The Secretary shall make bulk
sales at a reasonable discount.
(c) PREPAID ORDERS.—The Secretary shall accept
prepaid orders for the coins prior to the issuance of such
coins. Sales under this subsection shall be at a reasonable
discount.
(d) SURCHARGE REQUIRED.—All sales shall include
a surcharge of $25 per coin for the $5 coins, $5 per coin
for the $1 coins, and $1 per coin for the half dollar coins.
SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA-
TIONS.
No provision of law governing procurement or public
contracts shall be applicable to the procurement of goods
or services necessary for carrying out the provisions of this
Act. Nothing in this section shall relieve any person enter-
ing 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 total surcharges collected by the Secretary from
the sale of the coins issued under this Act shall be prompt-
ly paid by the Secretary to the Association of Graduates,
United States Military Academy to assist the Association
of Graduates’ efforts to provide direct support to the aca-
demic, military, physical, moral, and ethical development
programs of the Corps of Cadets, United States Military
Academy.
SEC. 9. AUDITS.
The Comptroller General of the United States shall
have the right to examine such books, records, documents,
and other data of the Association of Graduates, United
States Military Academy as may be related to the expendi-
ture of amounts paid under section 8.
SEC. 10. NUMISMATIC PUBLIC ENTERPRISE FUND.
The coins issued under this Act are subject to the
provisions of section 5134 of title 31, United States Code,
relating to the Numismatic Public Enterprise Fund.
SEC. 11. FINANCIAL ASSURANCES.
(a) NO NET COST TO THE GOVERNMENT.—The Sec-
retary shall take all actions necessary to ensure that the
issuance of the coins authorized by this Act shall result
in no net cost to the United States Government.
(b) ADEQUATE
SECURITY
FOR
PAYMENT
RE-
QUIRED.—No coin shall be issued under this Act unless
the Secretary has received—
(1) full payment therefore;
(2) security satisfactory to the Secretary to in-
demnify 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 Insur-
ance Corporation or the National Credit Union Ad-
ministration Board.
Æ