Source: Fortune
Summary
The U.S. Mint is producing a $1 coin featuring President Donald Trump’s face to commemorate America’s 250th birthday. The coin’s design was approved by the U.S. Commission of Fine Arts, but differs slightly from the original version. The coin is set for release this fall. The move has sparked a legal battle, with a lawsuit filed to block the use of Trump’s image on currency. The Treasury Department has argued that the Circulating Collectible Coin Redesign Act of 2020 allows for exceptions to the rule barring a living person’s portrait from appearing on U.S. currency.
Our Reading
The announcement sounds familiar.
The U.S. Mint is striking a $1 gold coin to honor President Trump, featuring his face and a gold finish. The coin’s design has sparked controversy, with a lawsuit filed to block its release. The Treasury Department has defended the move, citing the Circulating Collectible Coin Redesign Act of 2020. The public has expressed skepticism, with 59% of adults disapproving of replacing the treasurer’s signature with Trump’s on currency.
The numbers tell one story, but the real question is: what’s the cost of putting a president’s face on a coin?
Author: Evan Null
