Page:United States Statutes at Large Volume 104 Part 2.djvu/208

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104 STAT. 1188 PUBLIC LAW 101-495—OCT. 31, 1990 31 USC 5112 note. 31 USC 5112 note. 31 USC 5112 note. 31 USC 5112 note. SEC. 3. KOREAN WAR VETERANS COMMEMORATIVE COIN. (a) AUTHORIZATION. —Subject to subsection (b), the Secretary of the Treasury (hereinafter referred to as the "Secretary") shall mint and issue not more than 1,000,000 one-dollar silver coins to commemorate the thirty-eighth anniversary of the ending of the Korean War. (b) SPECIFICATIONS. —Each silver coin minted under this Act shall— (1) have a diameter of 1.500 inches; and (2) by composed of 90 percent silver and 10 percent copper. (c) DESIGN.— The design of the coins minted in accordance with this section shall be sjmabolic of the Korean War Veterans' heroic service. Each coin shall bear a designation of the value of the coin, an inscription of the years "1953-1991", and inscriptions of the words "Liberty", "In God We Trust", "United States of America", and "E Pluribus Unum". The design for the coins authorized by this Act shall be selected by the Secretary after consultation with the Korean War Veterans Memorial Advisory Board and the American Battle Monuments Commission (hereinafer referred to as the "Advisory Board" and the "Commission", respectively). (d) NUMISMATIC ITEMS.— For purposes of section 5132(a)(1) of title 31, United States Code, all coins minted under this Act shall be considered to be numismatic items. (e) LEGAL TENDER.— The coins referred to in subsection (a) shall be legal tender as provided in section 5103 of title 31, United States Code. SEC. 4. SOURCES OF BULLION. The Secretary shall obtain silver for minting coins under this Act only from stockpiles established under the Strategic and Critical Materials Stock Piling Act. SEC. 5. MINTING AND ISSUANCE OF COINS. (a) UNCIRCULATED AND PROOF QUALITIES OF COINS.—Coins minted under this Act may be issued in uncirculated and proof qualities, except that only one facility of the United States Mint may be used to strike each quality of coins. (b) COMMENCEMENT OF ISSUANCE.—The Secretary may issue the coins minted under this Act beginning on January 1, 1991. (c) TERMINATION OF AUTHORITY. —Coins may not be minted under this Act after December 31, 1991. SEC. 6. SALE OF COINS. (a) IN GENERAL.— The Secretary shall sell the coins minted under this Act at a price equal to the face value, plus the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, and overhead expenses). (b) SURCHARGES.— Sales of coins minted under this Act shall include a surcharge of $7 for each one-dollar coin. (c) BULK SALES.—The Secretary shall make any bulk sales of the coins minted under this Act at a reasonable discount to reflect the lower costs of such sales. (d) PREPAID ORDERS.— The Secretary shall accept prepaid orders for the coins minted under this Act prior to the issuance of such coins. Sale prices with respect to such prepaid orders shall be at a reasonable discount to reflect the benefit of prepa3nment.