- United States
- Fla.
- Letter
NO TRUMP COIN
Trump’s styling of himself as an authoritarian ruler showed yesterday in the announcement from Treasury Secretary Scott Bessent that the Treasury will issue a new commemorative $1 coin with Trump’s likeness on it this fall as “a lasting symbol of patriotism.” It is unclear if the coin will circulate as currency.
While living monarchs who are heads of state appear on coins, living political leaders who appear on currency tend to be those trying to make themselves indistinguishable from the government. Bashar al-Assad in Syria, Idi Amin in Uganda, and Saddam Hussein in Iraq all put themselves on currency. The U.S. passed a law in 1866 barring living people from appearing on U.S. financial instruments.
According to Alice Gibbs of Newsweek, the Trump administration is getting around that law by relying on a law permitting the coining of collectible currency to mark the nation’s 250th anniversary, as the country did with its bicentennial quarters in 1976.