7551. The Department of General Services shall cause to be designed a series of commemorative gold medallions in not less than 1 troy ounce, 0.5 troy ounce, 0.25 troy ounce, and 0.1 troy ounce sizes of .999 fine gold. As used in this chapter, a “medallion” shall also be known, and may be referred to, […]
7552. Each medallion shall bear: (a) On one side, the Great Seal of the State of California. (b) On the reverse side; (1) across the top, the term “California Gold;” (2) in the center, any emblem of the State of California; (3) on the lower middle right side, the date; (4) on the lower middle left side, […]
7553. Upon the showing of sufficient interest by gold producers, the department shall contract with a registered, certified mint for the minting of gold medallions in an amount and in such sizes as deemed appropriate. Gold producers shall provide all gold bullion necessary for minting and shall deliver it to the mint for processing. They […]
7554. The Department of General Services shall, for the use of the Great Seal of the State of California, charge the following royalties: (a) For each medallion in the 1 troy ounce size, four dollars ($4). (b) For each medallion in the 0.5 troy ounce size, two dollars ($2). (c) For each medallion in the 0.25 troy ounce […]
7555. After minting, the medallions shall be returned to the producers who, notwithstanding Section 402, shall have sole responsibility for distribution, marketing, and sales. (Added by Stats. 1982, Ch. 826, Sec. 1. Effective September 10, 1982.)
7556. Only registered, certified mints which have contracted with the department may produce the medallions, as ordered pursuant to the provisions of this chapter. Any other production of the medallions is unlawful and punishable as a misdemeanor. (Added by Stats. 1982, Ch. 826, Sec. 1. Effective September 10, 1982.)
