The United States Commission of Fine Arts (CFA) on Thursday approved a commemorative gold coin bearing the image of President Donald Trump. The 24-karat gold coin will mark America's 250th birthday on July 4, 2026 and does not have a monetary value. The commission, which largely consists of Trump's handpicked members, voted unanimously to approve the design after a presentation by the US Mint. This move also comes when the United States is at war with Iran, intensifying the outrage further.
What's Special About The Coin?
The gold coin portrays Trump with his fists pressed against a desk on one side, and the other side features an eagle perched with wings spread on what looks like a bell. While its sale price has not been disclosed, similar commemorative coins sold by the US Mint earlier were priced over USD 1,000. In a statement, US Treasurer Brandon Beach called it a "beautiful commemorative gold coin". He said, "As we approach our 250th birthday, we are thrilled to prepare coins that represent the enduring spirit of our country and democracy, and there is no profile more emblematic for the front of such coins than that of our serving President, Donald J. Trump."
Why Has This Move Sparked Controversy?
The approval was granted despite questions over its legality. Democrats and several others have criticised this initiative as unlawful and inappropriate for a sitting leader. The move has sparked controversy as US federal law does not allow a living president to appear on US currency. Senator Jeff Merkley told the news agency Reuters, “Monarchs and dictators put their faces on coins, not leaders of a democracy."
However, in this case, the coin has been issued in accordance with US Treasury Secretary Scott Bessent's authority to mint and issue proof of gold coins. The coin is reportedly intended for a "very limited production run" rather than general circulation. The 1866 Law (31 USC code 5114) specifically states that only portraits of deceased individuals may appear on US currency and securities.