The U.S. Mint will begin producing $1 gold coins featuring a portrait of former President Donald Trump, Treasury Secretary Scott Bessent announced Wednesday. The commemorative coin is being minted under the authority of the Treasury Department. Newsmax reported that Bessent unveiled the coin as part of an unspecified initiative.
The decision to feature a former president on currency has drawn criticism, with some questioning its legality and arguing that President Trump is using the minting process for self-promotion. No specific legal challenges were detailed in reporting.
While the announcement was made by Treasury Secretary Bessent, details regarding the scope of production or long-term plans for similar commemorative coins remain limited. It is not clear whether this represents a new precedent for honoring former presidents on U.S. currency, nor if other former presidents will be similarly featured. No timeline for when the coins will become available to the public has been released.
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