The U.S. Mint began selling $1 coins featuring President Donald Trump's likeness on Wednesday, marking him as the first living president in a century to have his face on currency. According to HuffPost, these gold-colored coins are part of the nation's semiquincentennial celebration and will be sold as collector's items.
Key Takeaways
The U.S. Mint has released $1 coins featuring President Donald Trump's likeness to celebrate America's 250th birthday. The gold-colored coins, which can be used as legal tender, have sparked criticism due to federal laws prohibiting the depiction of living presidents on currency.
- The new $1 coin features President Donald Trump's profile and the Great Seal of the United States.
- The coins are sold in rolls of 25 for $61 or bags of 100 for $154.50, with a household order limit until Thursday.
- Special 'July 4' marked coins will be randomly included among the rolls and bags.
- Federal law prohibits living presidents on currency, but exceptions exist for commemorative coins under the Circulating Collectible Coin Redesign Act of 2020.
Source Claims Check
1 Difference Found| Claim | Status | Reason | |
|---|---|---|---|
| Legal Tender Status | 1 Difference | $1 Trump coins' legal tender status is confirmed by majority; legality questioned by others. | ▼ |
| Coin Release Date | Broad Agreement | $1 Trump coin released on Wednesday. | |
| Coin Design | Broad Agreement | $1 Trump coins feature his profile and the Great Seal of U.S. | |
| Coin Pricing | Broad Agreement | $61 for 25-coin roll, $154.50 for 100-coin bag. | |
| Coin Composition | Broad Agreement | $1 Trump coin made from zinc, manganese, nickel and copper. |
The coin design includes Trump's profile on one side, with inscriptions such as 'LIBERTY,' 'IN GOD WE TRUST,' and '1776 ~ 2026.' The other side features the Great Seal of the United States. As reported by PBS, a roll of 25 coins costs $61, while a bag of 100 goes for $154.50.
The release has sparked criticism due to federal laws prohibiting living presidents on currency. However, the Trump administration argues that the Circulating Collectible Coin Redesign Act of 2020 allows commemorative coins featuring living individuals under specific circumstances, as noted by The Guardian. The U.S. Mint stated that these coins can be used as legal tender but are also being marketed as collectibles.
The coin hasn't been produced without a fight. In May, a group of Democratic members of Congress wrote to the treasury department in May, urging them to desist with the coin, pointing to a 2005 law which further restricted which presidents could appear on coins.
— The Guardian
Time reports that Treasury Secretary Scott Bessent announced the coin in July, stating it celebrates American values and freedom. The coins were struck at the Philadelphia Mint, with 250,000 special-issue coins marked 'July 4th' randomly included among the rolls and bags for sale.
Despite the controversy surrounding their legality, these Trump $1 coins are now available to the public, offering a unique piece of historical memorabilia amid ongoing debates about presidential representation on currency.
How this summary was created
This summary synthesizes reporting from 6 independent publishers using AI. All sources are cited and linked below. NewsBalance is a news aggregator and media literacy tool, not a news publisher. AI-generated content may contain errors or inaccuracies — always verify important information with the original sources.
