The US Mint plans to begin minting a dollar coin featuring the image of the country’s current president, Donald Trump.
Treasury Secretary Scott Bessent unveiled sketches of the new ‘gold coin’ on Wednesday, one side of which features a profile of Trump alongside the phrase ‘In God We Trust’.
“To mark the 250th anniversary of American independence, the US Mint will begin minting this new $1 gold coin to honour the enduring legacy of freedom and the timeless symbol of patriotism,” Bessent wrote on social media.
The Treasury Department and the Mint did not respond to enquiries from The Wall Street Journal regarding the volume and timing of the coins’ release, nor about the material from which they will be made or where they will be available.
The publication notes that it is rare for a sitting president to be depicted on American commemorative coins. In the US, coins bearing the image of the head of state are usually issued posthumously. The only exception was a 50-cent coin issued to mark the 150th anniversary of US independence in 1926. The obverse features the profiles of the first US President, George Washington, and the then-incumbent President, Calvin Coolidge, whilst the reverse depicts the Liberty Bell.