The U.S. Mint is set to begin producing a new $1 gold coin featuring President Trump's likeness, according to Treasury Secretary Scott Bessent. Announced on X, this initiative is part of the administration's commemoration of the U.S.'s 250th birthday, aiming to honor liberty and patriotism. Bessent stated the coin "celebrates the strength of American values, and the promise of a nation dedicated to preserving freedom for all."

The coin, composed of non-precious metals with a "gold-like finish," is already in production and will be available this fall. This follows a previous consideration by the Treasury Department to issue a $250 bill with Mr. Trump's face, which would require a change in federal law as current regulations prohibit living individuals from appearing on U.S. currency unless legislation is passed.

The Trump administration has argued that the president may appear on a new coin under a 2020 law that permits new designs to commemorate the U.S. semiquincentennial. This law authorizes the issuance of $1 coins with designs emblematic of the United States Semiquincentennial during the one-year period beginning January 1, 2026. The bipartisan Citizens Coinage Advisory Committee must review and approve proposed commemorative coin designs.