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Free coinage of silver definition
Free coinage of silver definition










(e) Notwithstanding any other provision of law, the Secretary shall mint and issue, in qualities and quantities that the Secretary determines are sufficient to meet public demand, coins which. The Secretary may procure services under section 3109 of title 5 in carrying out this paragraph. The Secretary may change the design or die of a coin only once within 25 years of the first adoption of the design, model, hub, or die for that coin. The Secretary may, after consulting with the Citizens Coinage Advisory Committee and the Commission of Fine Arts, adopt and prepare new designs or models of emblems or devices that are authorized in the same way as when new coins or devices are authorized. (2) The Secretary shall prepare the devices, models, hubs, and dies for coins, emblems, devices, inscriptions, and designs authorized under this chapter. However, to prevent or alleviate a shortage of a denomination, the Secretary may inscribe coins of the denomination with the year that was last inscribed on coins of the denomination. The coins have an inscription of the year of minting or issuance. The Secretary of the Treasury, in consultation with the Congress, shall select appropriate designs for the obverse and reverse sides of the dollar coin. Subject to other provisions of this subsection, the obverse of any 5-cent coin issued after December 31, 2005, shall bear the likeness of Thomas Jefferson and the reverse of any such 5-cent coin shall bear an image of the home of Thomas Jefferson at Monticello. The design on the reverse side of the dollar, half dollar, and quarter dollar is an eagle. The reverse side of each coin shall have the inscriptions "United States of America" and "E Pluribus Unum" and a designation of the value of the coin. The obverse side of each coin shall have the inscription "Liberty". (d)(1) United States coins shall have the inscription "In God We Trust". (c) The Secretary may prescribe the weight and the composition of copper and zinc in the alloy of the one-cent coin that the Secretary decides are appropriate when the Secretary decides that a different weight and alloy of copper and zinc are necessary to ensure an adequate supply of one-cent coins to meet the needs of the United States. The specifications for alloys are by weight. In minting gold coins, the Secretary shall use alloys that vary not more than 0.1 percent from the percent of gold required. Except as provided under subsection (c) of this section, the one-cent coin is an alloy of 95 percent copper and 5 percent zinc. In minting 5-cent coins, the Secretary shall use bars that vary not more than 2.5 percent from the percent of nickel required. The 5-cent coin is an alloy of 75 percent copper and 25 percent nickel. The dollar coin shall be golden in color, have a distinctive edge, have tactile and visual features that make the denomination of the coin readily discernible, be minted and fabricated in the United States, and have similar metallic, anti-counterfeiting properties as United States coinage in circulation on the date of enactment of the United States $1 Coin Act of 1997. The outer layers are metallurgically bonded to the inner layer and weigh at least 30 percent of the weight of the coin. The 2 identical outer layers are an alloy of 75 percent copper and 25 percent nickel.

free coinage of silver definition

(b) The half dollar, quarter dollar, and dime coins are clad coins with 3 layers of metal. (12) A $25 coin of an appropriate size and thickness, as determined by the Secretary, that weighs 1 troy ounce and contains. (11) A $50 gold coin that is of an appropriate size and thickness, as determined by the Secretary, weighs 1 ounce, and contains 99.99 percent pure gold. (10) A five dollar gold coin that is 16.5 millimeters in diameter, weighs 3.393 grams, and contains one-tenth troy ounce of fine gold. (9) A ten dollar gold coin that is 22.0 millimeters in diameter, weighs 8.483 grams, and contains one-fourth troy ounce of fine gold. (8) A twenty-five dollar gold coin that is 27.0 millimeters in diameter, weighs 16.966 grams, and contains one-half troy ounce of fine gold. (7) A fifty dollar gold coin that is 32.7 millimeters in diameter, weighs 33.931 grams, and contains one troy ounce of fine gold. (6) except as provided under subsection (c) of this section, a one-cent coin that is 0.75 inch in diameter and weighs 3.11 grams. (5) a 5-cent coin that is 0.835 inch in diameter and weighs 5 grams. (4) a dime coin that is 0.705 inch in diameter and weighs 2.268 grams. (3) a quarter dollar coin that is 0.955 inch in diameter and weighs 5.67 grams. (2) a half dollar coin that is 1.205 inches in diameter and weighs 11.34 grams. (1) a dollar coin that is 1.043 inches in diameter.

free coinage of silver definition

(a) The Secretary of the Treasury may mint and issue only the following coins: Denominations, specifications, and design of coins Jump To: Source Credit Miscellaneous References In Text Amendments Effective Date Short Title Savings Provision Construction §5112.












Free coinage of silver definition