US Mint to start production – Business News
Treasury Secretary Scott Bessent on Wednesday unveiled the design of a new $1 coin bearing President Trump’s face, calling it a tribute to the nation’s 250th anniversary and saying the US Mint will start hanging the piece.
“As America commemorates 250 years of independence, the @usmint will begin striking this new $1 gold coin to honor the enduring legacy of liberty and a lasting symbol of patriotism,” Bessent wrote in an X post with photographs of the coin.
“Featuring President Trump, it celebrates the strength of American values, and the promise of a nation dedicated to preserving freedom for all.”
As America commemorates 250 years of independence, the @usmint will start hanging this new $1 gold coin to honor the enduring legacy of liberty and a lasting image of patriotism. Featuring President Trump, it celebrates the energy of American values, and the promise of a… pic.twitter.com/PEMrsGqOEA— Treasury Secretary Scott Bessent (@SecScottBessent) July 15, 2026
The coin’s entrance facet options a portrait of Trump with the inscriptions “LIBERTY,” “IN GOD WE TRUST” and the dates “1776–2026.”
The reverse depicts the Great Seal of the United States with “250” on the defend and the denomination “ONE DOLLAR.”
According to Treasury, the coin is being issued beneath the Circulating Collectible Coin Redesign Act of 2020, which authorizes the division’s secretary to subject $1 cash with designs emblematic of this yr’s semiquincentennial.
A Treasury spokesperson stated legal analysis performed by each the US Mint and the Treasury Department concluded the design complies with federal law — which generally bars placing dwelling people’s likeness on coinage.
The new currency is minted in Philadelphia and “will be available for sale in rolls and bags in the fall,” the Treasury spokesperson stated.
Despite look, the Treasury stated the coin doesn’t truly include gold.
Treasury Secretary Scott Bessent unveiled the design of a new 2026 $1 coin that includes President Trump’s likeness. X / @SecScottBessent
The reverse depicts the Great Seal of the United States with a “250” emblem commemorating the nation’s 250th birthday. X / @SecScottBessent
The spokesperson described it as a non-precious-metal coin with a gold-like end.
Treasury additionally pointed to historic precedent, noting that President Calvin Coolidge appeared on the 1926 sesquicentennial commemorative half greenback whereas nonetheless in workplace.
The Coolidge-Washington commemorative coin, approved by Congress to help finance the one hundred and fiftieth anniversary celebration of the Declaration of Independence in Philadelphia, marked the primary time the likeness of a sitting president appeared on a US coin, in accordance to Treasury.
