http://taxes.about.com/gi/o.htm?zi=1/XJ&zTi=1&sdn=taxes&cdn=money&tm=23&f=10&su=p284.13.342.ip_p504.6.342.ip_&tt=2&bt=1&bts=1&zu=http%3A//www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000408----000-.html
(3) Exception for certain coins and bullion
For purposes of this subsection, the term “collectible” shall not include—
(A)
any coin which is—
(B)
any gold, silver, platinum, or
palladium bullion of a fineness equal to or exceeding the minimum
fineness that a contract market (as described in section 7 of the
Commodity Exchange Act, 7 U.S.C. 7)
[2]
requires for metals which may be delivered in satisfaction of a regulated futures contract,
if such bullion is in the physical possession of a trustee described under subsection (a) of this section.
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(a)
The Secretary of the Treasury may mint and issue only the following coins:
(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.
(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.
(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.
(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.
(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.
(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.
(12)
A $25 coin of an appropriate size and
thickness, as determined by the Secretary, that weighs 1 troy ounce and
contains .9995 fine palladium.
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(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—
(3)
have a design—
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(k)
The Secretary may mint and issue platinum
bullion coins and proof platinum coins in accordance with such
specifications, designs, varieties, quantities, denominations, and
inscriptions as the Secretary, in the Secretary’s discretion, may
prescribe from time to time.
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