Connect with us

World News

Trump Gold Coin: US Mint to Begin Production of $1 Trump Coin, Announces Treasury Secretary Scott Bessent

Published

2 months ago

on

155107107
FacebookX

Treasury Secretary Scott Bessent announced a new $1 coin featuring Trump’s portrait to mark America’s 250th anniversary, drawing sharp criticism and questions about whether it skirts laws barring living people from U.S. currency.

There’s a new dollar coin coming, and it has Trump’s face on it. Treasury Secretary Scott Bessent broke the news Wednesday morning, framing it as a tribute to America’s 250th birthday rather than anything unusual. On the back, you’ll find the presidential seal with “250” worked into a shield design. Bessent posted about it on social media, calling it a symbol of liberty and patriotism, something meant to celebrate American values and the promise of freedom for everyone. Simple enough, on paper.

“As America commemorates 250 years of independence, the US Mint will begin striking this new $1 gold coin to honor the enduring legacy of liberty and a lasting symbol of patriotism. Featuring President Trump, it celebrates the strength of American values, and the promise of a nation dedicated to preserving freedom for all,” Bessent wrote.

Tech investor Paul Graham warned that a country which keeps acting like a “third world country” eventually just becomes one.

Back in 2020, Trump signed a bipartisan bill giving the Treasury the green light to mint dollar coins throughout 2026 celebrating the country’s semiquincentennial. The catch is that the law bans anyone, dead or alive, from being depicted on the coin’s back. It says nothing about the front. Some read that as an oversight that just happens to leave the door open for Trump’s face to land exactly where it did.

Other laws complicate the picture further. When the Presidential $1 Coin Program launched in 2007, Congress made a point of excluding any sitting president, or one who’d died within the past two years. Then there’s an 1866 law that bans living people from paper money altogether, though it never actually mentions coins.

Bessent hasn’t said how many of these coins will actually get made, or whether they’re meant for everyday pocket change or just collectors looking for a keepsake.

Get Latest News Live on Times Now along with Breaking News and Top Headlines from US News and around the World.

Related Topics:

I am a seasoned journalist known for my incisive reporting and unwavering commitment to journalistic integrity. As a key member of the nop.ng team, I specialize in delivering balanced coverage of socio political developments and cultural affairs throughout Nigeria. Driven by a passion for uncovering the truth regardless of the complexity of the issue I have established myself as a trusted voice in Nigeria’s dynamic media landscape, continually striving to empower my audience with clear, contextually rich news.

Trending