§5111. Minting and issuing coins, medals, and numismatic items — Inbound Citations
31 U.S.C. § 5111
Cited by 6 provisions in release 119-102.
Citations to 31 U.S.C. § 5111 as a whole
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(1) Advising the Secretary of the Treasury on any theme or design proposals relating to circulating coinage, bullion coinage, congressional gold medals and national and other medals produced by the Secretary of the Treasury in accordance with section 5111 of title 31, United States Code.
Citations to §5111(a)(1)
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(1) Notwithstanding section 5111(a)(1) of this title, the Secretary shall mint and issue the gold coins described in paragraphs (7), (8), (9), and (10) of subsection (a) of this section, in qualities and quantities that the Secretary determines are sufficient to meet public demand, and such gold coins shall—(A) have a design determined by the Secretary, except that the fifty dollar gold coin shall have—(i) on the obverse side, a design symbolic of Liberty; and(ii) on the reverse side, a design representing a family of eagles, with the male carrying an olive branch and flying above a nest containing a female eagle and hatchlings;(B) have inscriptions of the denomination, the weight of the fine gold content, the year of minting or issuance, and the words “Liberty”, “In God We Trust”, “United States of America”, and “E Pluribus Unum”; and(C) have reeded edges.
Citations to §5111(a)(3)
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(i) numismatic items for purposes of paragraph (1) and section 5111(a)(3); and
Citations to §5111(b)
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(1) The Secretary may buy silver mined from natural deposits in the United States, or in a territory or possession of the United States, that is brought to a United States mint or assay office within one year after the month in which the ore from which it is derived was mined. The Secretary may use the coinage metal fund under section 5111(b) of this title to buy silver under this subsection.
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(1) The Secretary of the Treasury shall melt obsolete and worn United States coins withdrawn from circulation. The Secretary may use the metal from melting the coins for reminting or may sell the metal. The Secretary shall account for the following in the coinage metal fund under section 5111(b) of this title:(A) obsolete and worn coins and the metal from melting the coins.(B) proceeds from the sale of the metal.(C) losses incurred in the sale of the metal.(D) losses incurred because of the difference between the face value of the coins melted and the coins minted from the metal.
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(2) The Secretary shall reimburse the coinage metal fund for losses under paragraph (1)(C) and (D) of this subsection out of amounts in the coinage profit fund under section 5111(b) of this title.