Arya News - The coin marks the first time in nearly 200 years that a living person has been featured on the country’s currency.
United States President Donald Trump’s face has officially found its way onto the country’s currency.
On Tuesday at 12pm Eastern Time (16:00 GMT), the US Mint began circulating – and selling – a “once-in-a-generation” $1 coin bearing Trump’s likeness to commemorate the nation’s 250th anniversary.
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list of 3 items list 1 of 3 US judge questions the push to add Trump’s name back to the Kennedy Center list 2 of 3 US Treasury secretary confirms plans for $250 bill featuring Trump’s face list 3 of 3 Trump to feature on limited-edition US passports for 250th anniversary end of list The gold-coloured coins feature Trump’s portrait on one side, alongside inscriptions of “LIBERTY” and “IN GOD WE TRUST”. On the reverse is an illustration of the US presidential seal with “250” inscribed on its shield.
The US Mint says the coins “capture the spirit, pride, and legacy of a nation approaching its landmark anniversary”.
It’s the first time in nearly 100 years that a living person has been featured on US currency, drawing a heavy dose of criticism, since such honours are largely reserved for long-dead dignitaries.
How did this $1 coin come to be? Here’s what you need to know:
Why is this being done?
Since Trump returned to the White House last year, the administration has taken steps to put his name or image on an array of buildings and items, including the Kennedy Center , the US Institute of Peace, National Parks passes, a limited-edition passport and a $1m “gold card” visa that was announced last year.
The Trump administration has tied some of those efforts to celebrations of the country’s semiquincentennial, the 250th anniversary of the signing of the Declaration of Independence.
On July 15, US Treasury Secretary Scott Bessent first announced the coin in a post on social media. Bessent said the coin “celebrates the strength of American values, and the promise of a nation dedicated to preserving freedom for all”.
The Trump administration has also pointed to another anniversary coin as a precedent for the Trump-branded $1 piece.
In 1926, for the 150th anniversary of the country, the US Mint struck a coin featuring side-by-side portraits of George Washington and Calvin Coolidge, a president who was in office at the time.
But critics have pointed out that the 1926 coin was commemorative and not intended for circulation as currency.
Are there other proposals for Trump-themed currency?
In May, Bessent also said preparations were under way to print a new $250 banknote featuring Trump’s face.
Bessent added that the Trump administration was seeking congressional approval for the new bill.
How much are the new coins?
Despite the coin being valued at $1, consumers can purchase a 25-coin roll for $61 or a 100-coin bag for $154.50 — a significant mark-up.
While the coins are being sold at a premium, the US Mint emphasises they are not solely decorative.
They are valid currency and can be used to make everyday purchases, just like a $1 bill.
Is it legal?
US federal law states: “Only the portrait of a deceased individual may appear on United States currency and securities.”
Congress passed that law in 1866 after a Department of the Treasury official, Spencer M Clark, put his own face on a note valued at five cents, angering lawmakers.
However, during his first term, Trump signed legislation known as the Circulating Collection Coin Redesign Act of 2020 (CCRA), which gave the Treasury the authority to mint $1 coins “with designs emblematic of the United States semiquincentennial”.
That law prohibits the portrait of “any person, living or dead” on the reverse side of those coins. However, Trump’s image on the new $1 coin appears on the obverse — the front of the coin — meaning it likely complies with the law.
What opposition does this face?
Late last year, Democratic Senators Catherine Cortez Masto of Nevada and Jeff Merkley of Oregon introduced legislation that would block Trump from placing his face on the coin.
“While monarchs put their faces on coins, America has never had and never will have a king,” Cortez Masto said. “Our legislation would codify this country’s long-standing tradition of not putting living Presidents on American coins. Congress must pass it without delay.” Their bill did not become law.
The Treasury Department and US Mint did not immediately respond to Al Jazeera’s request for comment.