US Treasury Unveils Trump $1 Coin, Accidentally Defies Federal Law
KEY POINTS
- •Treasury Secretary Scott Bessent announced a gold-colored $1 coin with Trump's portrait for America's 250th anniversary.
- •Federal law prohibits living persons on currency, making the coin’s design legally questionable according to Congressional committees.
- •Bipartisan lawmakers criticized the coin amid economic struggles; it will be minted in Philadelphia and contain no real gold.
In a plot twist Spielberg wouldn't touch, Treasury Secretary Scott Bessent announced a shiny gold-hued $1 commemorative coin for America's 250th anniversary featuring a forward-facing Donald Trump portrait stamped with 'In God We Trust' and '1776-2026.' Despite federal code forbidding living people on currency — goodbye Abe Lincoln coin dreams — Trump’s face will bravely break laws penned by Congress itself. Chief engraver Joseph F. Menna, who’s been minting since 2019, somehow signed off on this government grenade. Predictably, bipartisan lawmakers like Rep. Thomas Massie called it an 'end stage,' while Rep. Brad Schneider said Trump’s golden mug 'perfectly reflects' crushing inflation burdens. No real gold, just the golden regime’s shine. Minting starts Philly fall 2026. No Coinage Advisory Committee invite sent; Congress still chillin' on this one.
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(1 of 3)Source: Businessinsider | Published: 7/15/2026 | Author: Katherine Li