Treasury Unveils New $1 Gold Coin With Trump’s Face on It

The U.S. Treasury Department has unveiled a new $1 gold coin with President Trump’s face on it.

“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,” Treasury Secretary Scott Bessent wrote Wednesday morning. “Featuring President Trump, it celebrates the strength of American values, and the promise of a nation dedicated to preserving freedom for all.”

This move is technically illegal, as 31 U.S. Code § 5112 proclaims that no coin shall “bear the image of a living former or current President,” until at least two years after their death. The Circulating Collectible Coin Redesign Act of 2020 also holds that living people cannot appear on the back of a coin. The Trump administration is trying to skirt those laws by arguing that the Circulating Collectible Coin Redesign Act allows the president to create memorial coins to celebrate America’s 250th.

The decision was quickly lambasted as yet another example of President Trump’s narcissism and desire to be commemorated.

“Congratulations, we’ve entered the end stages. Eliminate the penny, plug the nickel, and make some commemorative gold coins nobody can afford,” former GOP Representative Thomas Massie wrote on X. “I feel sorry for the folks who will be sold worthless knockoffs of this by the usual grifters.” ...