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U.S. Mint to make $1 gold coin with Trump's face on it
CBS News • • nation
Key Points:
- The U.S. Mint will produce a new $1 gold coin featuring President Trump's face as part of the U.S.'s 250th birthday commemoration, announced by Treasury Secretary Scott Bessent.
- The coin, with a gold-like finish made from non-precious metals, is already in production and will be available starting this fall.
- The Trump administration claims the coin is authorized under a 2020 law allowing new designs to commemorate the semiquincentennial, despite federal rules generally prohibiting living individuals on currency.
- Previous proposals to feature Trump on currency, such as a $250 bill, would require changes in federal law since only deceased individuals are typically allowed on U.S. currency.
- The design must be reviewed and approved by the bipartisan Citizens Coinage Advisory Committee as mandated by federal law for commemorative coins.
