1992 Olympic Commemorative Coin Act
PL 101-406 (H.R.4962), enacted 10/03/1990

PUBLIC LAW 101-406—OCT. 3, 1990 
104 STAT. 879 
Public Law 101-406 
101st Congress 
An Act 
To authorize the minting of commemorative coins to support the training of 
Oct. 3, 1990 
American athletes participating in the 1992 Olympic Games. 
[H.R. 4962] 
Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, 
1992 Olympic 
Commemorative 
SECTION 1. SHORT TITLE. 
Coin Act. 
o i TTQ/"* f^l 1 9 
This Act may be cited as the "1992 Olympic Commemorative Coin 
note 
Act". 
SEC. 2. COIN SPECIFICATIONS. 
31 USC 5112 
(a) FIVE DOLLAR GOLD COINS.— 
(1) ISSUANCE.—The Secretary of the Treasury (hereinafter in 
this Act referred to as the "Secretary") shall issue not more 
than 500,000 $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 such $5 coins shall be emblematic 
of the participation of American athletes in the 1992 Oljnnpic 
Games. On each such coin there shall be a designation of the 
value of the coin, an inscription of the year "1992 ', and inscrip-
tions of the words "Libert/', "In God We Trust", "United States 
of America'', and "E Pluribus Unum''. 
OJ) ONE DOLLAR SILVER COINS.— 
(1) ISSUANCE.—The Secretary shall issue not more than 
4,000,000 $1 coins which shall weigh 26.73 grams, have a diame-
ter of 1.500 inches, and shall contain 90 percent silver and 10 
percent copper. 
(2) DESIGN.—The design of the $1 coins shall be emblematic of 
the participation of American athletes in the 1992 Olympic 
Games. On each such coin there shall be a designation of the 
value of the coin, an inscription of the year "1992 ', and inscrip-
tions 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 
.6,000,000 half dollar coins each of which shall— 
(A) weigh 11.34 grams; 
(B) have a diameter of 1.205 inches; and 
(C) be minted to the specifications for half dollar coins 
contained in section 511203) of title 31, United States Code. 
(2) DESIGN.—The design of the half dollar coins shall be 
emblematic of the participation of American athletes in the 
1992 Olympic Games. Each half dollar coin shall bear a designa-
tion of the value of the coin, an inscription of the year "1992", 
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. 
49-139 O - 90 (406) 
104 STAT. 880 
PUBLIC LAW 101-406—OCT. 3, 1990 
31 use 5112 
SEC. 3. SOURCES OF BULLION. 
(a) SILVER BULLION.—The Secretary shall obtain silver for the 
coins minted under this Act only from stockpiles established under 
the Strategic and Critical Materials Stock Piling Act. 
(b) GOLD BULLION.—The Secretary shall obtain gold for the coins 
minted under this Act pursuant to the authority of the Secretary 
under existing law. 
31 use 5112 
SEC. 4. SELECTION OF DESIGN. 
The design for each coin authorized by this Act shall be selected 
by the Secretary after consultation with the United States Ol3anpic 
Committee and the Commission of Fine Arts. 
31 use 5112 
SEC. 5. SALE OF THE COINS. 
note. 
(a) SALE PRICE.—Notwithstanding any other provision of law, the 
coins issued under this Act shall be sold by the Secretary at a price 
equal to the face value, plus the cost of designing and issuing such 
coins (including labor, materials, dies, use of machinery, and over-
head expenses). 
(b) BULK SALES.—The Secretary shall make bulk sales at a reason-
able discount. 
(c) PREPAID ORDERS AT A DISCOUNT.—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 
$35 per coin for the $5 coins, $7 per coin for the $1 coins, and $1 per 
coin for the half dollar coins. 
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SEC. 6. ISSUANCE OF THE COINS. 
(a) G
r
O
L
D COINS.—The $5 coins authorized under this Act shall be 
issued in uncirculated and proof qualities and shall be struck at the 
United States Bullion Depository 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 
Bureau of the Mint may be used to strike any particular combina-
tion of denomination and quality. 
(c) SUNSET PROVISION.—No coins shall be minted under this Act 
after June 30,1993. 
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SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULATIONS. 
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 entering into a contract under the authority 
of this Act from complying with any law relating to equal employ-
ment opportunity. 
31 use 5112 
SEC. 8. DISTRIBUTION OF SURCHARGES. 
All surcharges which are received by the Secretary from the sale 
of coins issued under this Act shall be promptly paid by the Sec-
retary to the United States Olympic Committee. Such amounts shall 
be used by the United States Olympic Committee for the objects and 
purposes of the committee as established in the Amateur Sports Act 
of 1978. 
PUBLIC LAW 101-406—OCT. 3, 1990 
104 STAT. 881 
SEC. 9. AUDITS. 
31 USC 5112 
The Comptroller General shall have the right to examine such 
books, records, documents, and other data of the United States 
Olympic Committee as may be related to the expenditure of 
amounts paid under section 8. 
SEC. 10. COINAGE PROFIT FUND. 
31 USC 5112 
note. 
Notwithstanding any other provision of law— 
(1) all amounts received from the sale of coins issued under 
this Act shall be deposited in the coinage profit fund; 
(2) the Secretary shall pay the amounts authorized under this 
Act from the coinage profit fund; and 
(3) the Secretary shall charge the coinage profit fund with all 
expenditures under this Act. 
SEC. 11. FINANCIAL ASSURANCES. 
31 USC 5112 
(a) No NET COST TO THE GOVERNMENT.—The Secretary shall take 
all actions necessary to ensure that the issuance of the coins au-
thorized by this Act shall result in no net cost to the United States 
Government. 
0)) ADEQUATE SECURITY FOR PAYMENT REQUIRED.—No coin shall be 
issued under this Act unless the Secretary has received— 
(1) full pajrment therefor; 
(2) security satisfactory to the Secretary to indemnify the 
United States for full payment; or 
(3) a guarantee of full pajrment satisfactory to the Secretary 
from a depository institution whose deposits are insured by the 
Federal Deposit Insurance Corporation or the National Credit 
Union Administration Board. 
Approved October 3, 1990. 
LEGISLATIVE HISTORY—H.R. 4962: 
CONGRESSIONAL RECORD, Vol. 136 (1990): 
Sept. 17, considered and passed House. 
Sept. 20, considered and passed Senate.