US EditionTreasury Department defends Trump $1 coin plan
The Treasury cites the 2020 Circulating Collectible Coin Redesign Act to justify minting a $1 coin with Trump’s image despite an 1866 law banning living persons on currency.
- Last week, the Trump Administration announced plans to put President Donald Trump's face on a one-dollar coin, which Treasury officials say would be legal tender and circulate in 2026 for the United States semiquincentennial.
- The 1866 law forbids living people on U.S. currency, but the Circulating Collectible Coin Redesign Act of 2020 authorizes $1 semiquincentennial coins that Treasury Secretary Scott Bessent plans to invoke.
- The draft images show Trump's profile on one side and him raising a fist before a U.S. flag on the other, with the word `fight` repeated three times and `In God We Trust`, `Liberty` and `1776-2026` on the coin design.
- The Treasury Department defended the plan on Monday, while Republicans supported it and critics say Congress or the courts may have to resolve the dispute; Congressman Ritchie Torres of New York plans legislation to bar living presidents' portraits.
- Critics argue the coin would symbolize an imperial presidency and some allies have proposed tributes from Mount Rushmore carvings to a federal holiday.
11 Articles
11 Articles
Democrats Are Fighting Against the Trump Coin
(Washington, DC) – Last week, the Trump Administration announced plans to put President Donald Trump’s face on a one-dollar coin. With the nation about to embark on the celebration of its 250th birthday, the coin is intended to be part of that effort. A draft of the coin was unveiled by Treasury Department officials this week. The front side features a side profile of Trump, as well as the words “In God We Trust,” “Liberty” — and the years “1776…
Treasury Department defends Trump $1 coin plan
(The Hill) - The Treasury Department defended its plans to honor President Trump with a $1 coin as the country prepares to commemorate its 250th anniversary, arguing the occasion allows the administration to circumvent a law that only allows individuals to appear posthumously on printed currency. A Monday post from the Treasury Department said it is authorized to issue the currency under the Circulating Collectible Coin Redesign Act of 2020, whi…
What sounds like a provocative satire is really serious: Donald Trump wants his profile to be immortalized on the $1 coin. The plan collides with decades-old laws and American traditions.
Coin bearing Donald Trump’s image runs into an 1866 law
The cult of personality surrounding Donald Trump in some conservative circles in the United States is generating controversy. Several allies have presented some extravagant bills, such as carving Trump’s face into Mount Rushmore, making his birthday a federal holiday, or renaming Dulles International Airport, a few miles from Washington, after him. The proposal that seems to be taken most seriously, however, is the Treasury Department’s plan to …
The dangerous symbolism of Trump coins
Contrary to popular belief, Julius Caesar was not the first living leader to put his portrait on a coin. A couple of others beat him to it, including Persia’s Darius the Great. But the Roman emperor was the first to break with tradition and distribute them to ensure his subjects understood that he possessed absolute power and, not incidentally, controlled the empire’s money supply. It was a savvy move, copied by monarchs and dictators across the…
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