‘I’m undecided if he’s seen it, however I’m certain he’ll like it,’ White Home press secretary Karoline Leavitt advised reporters.
The Treasury Division is drafting plans to create $1 commemorative cash that includes President Donald Trump’s visage forward of the 250th anniversary of America’s independence.
In an Oct. 3 put up on X, Treasurer Brandon Seashore confirmed the draft of the design.
“No fake news here. These first drafts honoring America’s 250th Birthday and [Trump] are real,” Seashore wrote. “Looking forward to sharing more soon, once the obstructionist shutdown of the United States government is over.”
The tails facet of the $1 coin depicts the president beside an American flag, fists clenched, with “Fight, fight, fight” inscribed above.
This resembles the second in Butler, Pennsylvania, when Trump raised his fist following an assassination try throughout a July 13, 2024, marketing campaign rally.
It additionally bears the standard “United States of America” and “E Pluribus Unum.”
The pinnacle facet exhibits Trump’s profile alongside “Liberty” and “In God We Trust.”
The coin will likely be acknowledged as authorized tender, which means it may be utilized in on a regular basis transactions at its face worth of $1.
Nonetheless, its precise circulation would possibly depend upon demand and distribution throughout the U.S. market.
A Treasury spokesman, in an announcement to The Epoch Instances, stated a last $1 coin design has not been formally chosen, however the preliminary draft “reflects well the enduring spirit of our country and democracy, even in the face of immense obstacles.”
Throughout the Oct. 3 press briefing, White Home press secretary Karoline Leavitt famous that the president had but to see the primary draft of the coin.
“I’m not sure if he’s seen it, but I’m sure he’ll love it,” Leavitt advised reporters.
Subsequent yr, america will commemorate the 250th anniversary of America’s independence.
Trump signed the Circulating Collectible Coin Redesign Act of 2020, launched by Rep. Barbara Lee (D-Texas).
The invoice authorizes the Treasury to concern $1 cash throughout 2026 that includes designs “emblematic of the U.S. semiquincentennial.”
Former and incumbent presidents are usually restricted from being featured on coin designs.
Moreover, the 2020 laws states that “no head and shoulders portrait or bust of any person, living or dead, and no portrait of a living person may be included.”
Moreover, the 2020 Collectible Coin Redesign Act permits the manufacturing of 2026 quarters that includes a number of totally different designs, corresponding to people who symbolize ladies’s contributions to the beginning of America, the Declaration of Independence, or different vital moments in American historical past.
Collectible quarters may additionally honor Native People or any innovators.
The final time a sitting president featured himself on a U.S. coin was Calvin Coolidge, based on the American Numismatic Affiliation.
The aim of the coin, which additionally included President George Washington, was to commemorate the one hundred and fiftieth anniversary of the signing of the Declaration of Independence and finance the Sesquicentennial Exposition held in Philadelphia.
It was not a circulating coin.
Over time, numerous commemorative cash have been launched, together with the George Washington 250th anniversary half greenback (1982), the U.S. Statue of Liberty Coin (1986), and recognition of the centennial of the Olympics (1995-1996).
Penny for Your Ideas
The present administration has made some modifications to America’s coinage.
Earlier this yr, the president confirmed on Fact Social that he requested Treasury Secretary Scott Bessent to cease the manufacturing of one-cent cash.
“For far too long, the United States has minted pennies which literally cost us more than 2 cents,” the president stated on Feb. 9.
“This is so wasteful! I have instructed my Secretary of the U.S. Treasury to stop producing new pennies. Let’s rip the waste out of our great nation’s budget, even if it’s a penny at a time.”
In fiscal yr 2024, based on the U.S. Mint’s annual report, the federal authorities spent roughly 3.7 cents to provide a single penny.
Officers attributed rising manufacturing prices to hovering zinc costs, which have doubled previously 10 years.
The nickel additionally prices extra to provide than its face worth, totaling 13.8 cents.
It’s because nickels are made from 75 % copper—the commercial metallic has elevated in worth by about 150 % over the previous decade.
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