Page:United States Statutes at Large Volume 96 Part 1.djvu/1022

 96 STAT. 980

PUBLIC LAW 97-258—SEPT. 13, 1982 Sec. 5122. Payment to depositors. SUBCHAPTER HI-BUREAU OF THE MINT 5131. Organization. 5132. Administrative. 5133. Settlement of accounts. 5141. 5142. 5143. 5144. 5151. 5152. 5153. 5154. 5155.

SUBCHAPTER IV—BUREAU OF ENGRAVING AND PRINTING Operation of the Bureau. Bureau of Engraving and Printing Fund. Payment for services. Providing impressions of portraits and vignettes. SUBCHAPTER V—MISCELLANEOUS Conversion of currency of foreign countries. Value of United States money holdings in international institutions. Counterfeit currency. State taxation. Providing engraved plates of portraits of deceased members of Congress.

SUBCHAPTER I—MONETARY SYSTEM § 5101. Decimal system United States money is expressed in dollars, dimes or tenths, cents or hundreths, and mills or thousandths. A dime is a tenth of a dollar, a cent is a hundredth of a dollar, and a mill is a thousandth of a dollar. §5102. Standard weight The standard troy pound of the National Bureau of Standards of the Department of Commerce shall be the standard used to ensure that the weight of United States coins conforms to specifications in section 5112 of this title. §5103. Legal tender United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts. Foreign gold or silver coins are not legal tender for debts. SUBCHAPTER II—GENERAL AUTHORITY § 5111. Minting and issuing coins, medals, and numismatic items (a) The Secretary of the Treasury— (1) shall mint and issue coins described in section 5112 of this title in amounts the Secretary decides are necessary to meet the needs of the United States; (2) may prepare national medal dies and strike national and other medals if it does not interfere with regular minting operations but may not prepare private medal dies; (3) may prepare and distribute numismatic items; and (4) may mint coins for a foreign country if the minting does not interfere with regular minting operations, and shall prescribe a charge for minting the foreign coins equal to the cost of the minting (including labor, materials, and the use of machinery). (b) The Department of the Treasury has a coinage metal fund and a coinage profit fund. The Secretary may use the coinage metal fund to buy metal to mint coins. The &cretary shall credit the coinage

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