Mount Rushmore Commemorative Coin Act
PL 101-332 (H.R.1028), enacted 07/16/1990

PUBLIC LAW 101-332—JULY 16, 1990 
104 STAT. 313 
Public Law 101-332 
101st Congress 
An Act 
To require the Secretary of the Treasury to mint coins in commemoration of the 
July 16, 1990 
Golden Anniversary of the Moimt Rushmore National Memorial. 
[H.R. 1028] 
Be it enacted by the Semite and House of Representatives of the 
United States of America in Congress assembled, 
Mount 
Rushmore 
SECTION 1. SHORT TITLE. 
Commemorative 
This Act may be cited as the "Mount Rushmore Commemorative 31 use 5112 
Coin Act". 
note. 
SEC. 2. COIN SPECIFICATIONS. 
31 USC 5112 
(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 500,000 five dollar 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 five dollar coins shall be 
emblematic of the Mount Rushmore National Memorial. On 
each such five dollar coin there shall be a designation of the 
value of the coin, an inscription of the year "1991", and inscrip-
tions 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 2.5 
million one dollar coins which shall weigh 26.73 grams, have a 
diameter of 1.500 inches, and shall contain 90 percent silver and 
10 percent copper. 
(2) DESIGN.—The design of such dollar coins shall be emblem-
atic of the Mount Rushmore National Memorial. On each such 
coin there shall be a designation of the value of the coin, an 
inscription of the year "1991", 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 2.5 
million half dollar coins which shall be minted to the specifica-
tions for half dollar coins contained in section 5112(b) of title 31, 
United States Code. 
(2) DESIGN.—The d e s ^ of such half dollar coins shall be 
emblematic of the Mount Rushmore National Memorial. On 
each such coin there shall be a designation of the value of the 
coin, an inscription of the year "1991", and inscriptions of the 
words "Liberty", "In God we Trust", "United States of Amer-
ica", 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. 
104 STAT. 314 
PUBLIC LAW 101-332—JULY 16, 1990 
31 use 5112 
SEC. 3. SOURCES OF BULLION. 
(a) GOLD.—The Secretary shall obtain gold for the coins minted 
under this Act pursuant to the authority of the Secretary under 
existing law. 
(b) SILVER.—The Secretary shall obtain silver for the coins minted 
under this Act from stockpiles established under the Strategic and 
Critical Minerals Stock Piling Act (50 U.S.C. 98 et seq.). 
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SEC. 4. SELECTION OF DESIGN. 
The design for each coin authorized by this Act shall be selected 
by the Secretary after consultation with the Mount Rushmore 
National Memorial Society of Black Hills (hereafter in this Act 
referred to as the "Society") and the United States Commission of 
Fine Arts. 
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SEC. 5. SALE OF COINS. 
(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, overhead 
expenses, marketing, and shipping). 
(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 five dollar coins, $7 per coin for the one dollar 
coins, and $1 for the half dollar coins. 
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SEC. 6. ISSUANCE OF THE COINS. 
(a) PERIOD FOR ISSUANCE.—The coins authorized under this Act 
shall be issued only during 1991. 
(b) PROOF AND UNCIRCULATED COINS.—The coins authorized under 
this Act shall be issued in uncirculated and proof qualities and not 
more than 1 facility of the Bureau of the Mint may be used to strike 
any particular combination of denomination and quality. 
31 use 5112 
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. 
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SEC. 8. DISTRIBUTION OF SURCHARGES. 
Of the total surcharges received by the Secretary from the sale of 
the coins issued under this Act— 
(1) 50 percent shall be returned to the Federal Treasury for 
purposes of reducing the national debt; and 
(2) 50 percent shall be promptly paid by the Secretary to the 
Society to assist the Society's efforts to improve, enlarge, and 
renovate the Mount Rushmore National Memorial. 
PUBLIC LAW 101-332—JULY 16, 1990 
104 STAT. 315 
SEC. 9. AUDITS. 
31 USC 5112 
The Comptroller General shall have the right to examine such 
books, records, documents, and other data of the Society as may be 
related to the expenditure of amounts paid under section 8. 
SEC. 10. COINAGE PROFIT FUND. 
31 USC 5112 
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 to the Mount Rushmore 
National Memorial Society of Black Hills; and 
(3) the Secretary shall charge the coinage profit fund with all 
expenditures under this Act. 
SEC. 11. FINANCIAL ASSURANCES. 
31 USC 5112 
(a) The Secretary shall take such actions as may be necessary to 
ensure that the minting and issuance of the coins referred to in 
section 2 shall not result in any net cost to the Federal Government. 
(b) 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 pa3rment; or 
(3) a guarantee of full payment satisfactory to the Secretary 
from a depository institution whose deposits are insured by the 
Federal Eteposit Insurance Corporation or the National Credit 
Union Administration. 
Approved July 16, 1990. 
LEGISLATIVE HISTORY—H.R. 1028 (S. 148): 
CONGRESSIONAL RECORD: 
Vol. 135 (1989): Nov. 3, S. 148 considered and passed Senate. 
Vol. 136 (1990): May 15, H.R. 1028 considered and passed House. 
June 28, considered and passed Senate.