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US Mint can begin producing Trump commemorative gold coin after arts commission approves design

Mackaydon

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Just FYI, The law on no live president/people on coins and bills applies only to legal tender, commemorative coins, bills ect do not fall under the law as they are not legal tender, they are collectibles.

The 1866 law passed by only stipulated that no portrait or likeness of a living person could appear on “bonds, securities, notes, fractional or postal currency of the United States”. It doesn’t specifically mention coins.

In 1921, the US released a commemorative coin to mark Alabama’s centennial, featuring side views of William Bibb, the state’s first governor, and Thomas Kilby, its governor during the centennial. According to the Mint’s website: “This coin was the first ever created by the Mint to carry a living person’s portrait.”

Alabama.webp


Then, in 1926 during the nation’s sesquicentennial celebration, Congress authorised the minting of a commemorative coin featuring joint portraits of George Washington and Calvin Coolidge, who was the living president during the sesquicentennial. The coin proved unpopular and, of a million half dollars that were minted, more than 850,000 were returned to the Mint to be melted down.

The Mint also created a congressionally authorised coin to commemorate the 1995 Special Olympics World Games. Congress didn’t dictate the design, but it featured Eunice Kennedy Shriver, who founded the Special Olympics for people with intellectual disabilities. Shriver was alive at the time (she died in 2009).

In 2016, the Mint released a congressionally authorised coin for former President Ronald Reagan and former First Lady Nancy Reagan, tied to the late president’s 105th birthday. Nancy was alive at the time she was portrayed on the coin (she died a month later).

In recent times there have been multiple pieces of coinage legislation banning living people from being portrayed on US-minted coins, but with specific wording relating to particular coinage series. For example, the 2007 series honouring every president was authorised on the basis that no coin in that series may “bear the image of a living former or current president, or of any deceased former president during the two-year period following the date of the death of that president”.

The legislation concerning the series the Trump administration has been considering for the nation’s 250th anniversary comes from the 'Circulating Collectible Coin Redesign Act of 2020' which Trump himself signed into law in January 2021 (unanimously passed by both chambers of Congress). It authorises the redesigns of quarters, half dollars and $1 coins in several sequential series, one of which is a 250th anniversary series to be launched in 2026. The law refers specifically to the reverse of the coin: “No head and shoulders portrait or bust of any person, living or dead, and no portrait of a living person may be included in the design on the reverse of any coin” in the series, but it doesn’t rule out a portrait on the obverse of the coin.

So, there is no barrier to Trump having his likeness on the reverse and, even for him to be on both sides (or obverse only), authorisation would only involve administration officials over which the president maintains direct control. Even if the courts were inclined to block the proposal, a lawsuit would need to be filed citing “direct harm” (of what?), and “It’s unclear who would have standing to sue here,” according to Gabriel Mathy, an associate professor of economics at American University in Washington, DC, who has studied the coinage legislation issues.
 
Welp. It’s official.
There is gold that I don’t want after all.
Funny story though… 8 years ago I was given a one ounce copper with the Prez face on it, they were selling them for 3 bucks at a gun shop.
For some silly reason, I put it away and forgot about it. I sold it to a coworker last year for 30 bucks. I’ve never seen a guy so happy with his purchase. Dumbest 30 bucks I’ve ever made.:sign10:
 
Well if that is the likeness that they are going to use on the coin, I'm not impressed. It looks like President Trump is either trying to force himself to take a crap, or he's ready to rip someone's head off.
 
I can’t find how much these coins will weigh. 1/10 oz, 1/4 oz, 1/2 oz? The larger they are the less they will sell.
 
I can’t find how much these coins will weigh. 1/10 oz, 1/4 oz, 1/2 oz? The larger they are the less they will sell.

If you mean the gold commemorative, only the general design (obverse with Trump and reverse with eagle and E PLURIBUS UNUM) has been approved. The final dimensions and weight are still under discussion, as is the denomination.

James McCrery, vice-chairman of the Commission of Fine Arts, motioned to “approve this [coin] as presented, and with the strong encouragement that you make it as large as possible, all the way to three inches in diameter." Some commissioners noted Trump's fondness for big things as they advocated for the largest size coin. The largest coins currently produced (periodically) by the US Mint are the 3-inch/5-ounce silver bullion nominal 25 cent issues in the "America the Beautiful" series.
 
Maybe they can put his likeness on the edge of the coin. That would seem to dodge the legal issues, while being seemingly appropriate.

Forgetting all the legelese of these currency laws, or anyone's political opinions, I agree with the poster that says this is "crass". Sometimes a bit of decorum is in order, and it is tradition that living presidents do not appear on coins, despite the random exceptions that have been pointed out.

This is not a random exception, but yet another event that furthers the divisiveness we deal with every day. I hope they desist, for that reason, as we do not need more divisiveness, but I am not optimistic on that score, given the selection process of the committee making this decision.

And remember the history of British and Spanish coinage, which we somewhat inherit. Living people portrayed on British coinage tended to be kings and queens, including despots such as KG II and KG III. The founders wisely rejected this, preferring the abstract concept of Liberty on our coins. Sadly, we have appeared to regress from that concept over the centuries.

Plus ça change, plus c'est la même chose
 
From what I read it is just the 1 oz 24k coin, everything I read doesnt mention anything about 1/10, 1/4 or 1/2oz coins, you would think there would be other sizes.
 
While the coin is “expected to be" one ounce, that hasn’t been officially confirmed.

“The Mint has considered a coin size larger than its one ounce gold coin, which is around 1.3 inches in diameter, the Associated Press reported, adding Sullivan [Megan Sullivan, the U.S. Mint’s acting chief of the Office of Design Management] has said the mint is looking for a design around the size of its largest coin, which is three inches in diameter. For reference, the U.S. quarter has a diameter of 0.95 inches while the dollar coin is 1.04 inches in diameter, according to the Mint." [Forbes, 19 March]
 
Not a fan of the idea, but it has to be better than this horrific $20 bill they plan to eventually issue...


image (25).webp
 
Not a fan of the idea, but it has to be better than this horrific $20 bill they plan to eventually issue...
I think they just want to make it impossible to know if a coin or bill is a counterfeit, or just some new design you haven't seen yet.
 

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