‘I’m undecided if he’s seen it, however I’m certain he’ll adore it,’ White Home press secretary Karoline Leavitt instructed 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 post on X, Treasurer Brandon Seaside confirmed the draft of the design.
“No faux information right here. These first drafts honoring America’s 250th Birthday and [Trump] are actual,” Seaside wrote. “Wanting ahead to sharing extra quickly, as soon as the obstructionist shutdown of the US authorities is over.”
The tails facet of the $1 coin depicts the president beside an American flag, fists clenched, with “Struggle, struggle, struggle” 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 Belief.”
The coin might be acknowledged as authorized tender, that means it may be utilized in on a regular basis transactions at its face worth of $1.
Nonetheless, its precise circulation would possibly rely on 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 “displays nicely the enduring spirit of our nation and democracy, even within the face of immense obstacles.”
In the course of 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 undecided if he’s seen it, however I’m certain he’ll adore it,” Leavitt instructed reporters.
Subsequent yr, the US 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 problem $1 cash throughout 2026 that includes designs “emblematic of the U.S. semiquincentennial.”
Former and incumbent presidents are sometimes restricted from being featured on coin designs.
Moreover, the 2020 laws states that “no head and shoulders portrait or bust of any particular person, dwelling or useless, and no portrait of a dwelling particular person could also be included.”
Moreover, the 2020 Collectible Coin Redesign Act permits the manufacturing of 2026 quarters that includes a number of completely different designs, resembling those who symbolize ladies’s contributions to the start of America, the Declaration of Independence, or different important moments in American historical past.
Collectible quarters might also honor Native Individuals or any innovators.
The final time a sitting president featured himself on a U.S. coin was Calvin Coolidge, in keeping with the American Numismatic Association.
The aim of the coin, which additionally included President George Washington, was to commemorate the a 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.
Through the years, 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 Reality Social that he requested Treasury Secretary Scott Bessent to cease the manufacturing of one-cent cash.
“For much too lengthy, the US has minted pennies which accurately value us greater than 2 cents,” the president stated on Feb. 9.
“That is so wasteful! I’ve instructed my Secretary of the U.S. Treasury to cease producing new pennies. Let’s rip the waste out of our nice nation’s finances, even when it’s a penny at a time.”
In fiscal yr 2024, in keeping with 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 is because nickels are made from 75 p.c copper—the economic metallic has elevated in worth by about 150 percent over the previous decade.
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