But they said it's a $1 coin -- that's different than a commemorative, isn't it? (Or am I out to lunch on this one?)
The only dollar coins defined in law are American Silver Eagle Native American / Innovation golden dollar (manganese brass clad to a copper core) The Secretary of the Treasury has flexibility as to the design of gold coins but the specifications: the diameter, denomination,mass, and fineness is all specified by law.
My understanding is that it is a legal tender NON-circulating coin. I could certainly be wrong. But I hope I'm not. I don't like the idea of ANY living person on a coin, especially a living president on a circulating coin.
Both cute and funny. I'm glad I'm not interested either. I'd rather have "The old man" silver coin from Pawn Stars TV show.
some news outlets posts it as a 24karat gold coin .. US Treasury reveals new 24-carat gold coin featuring Trump The US Mint still does have the medallion in two sizes for outrageous prices.
Between this and all the other released the Mint sure knows it's customers... the mint set alone going from junk to a premium item is impressive...
This will be a great coin for Trump fans. I'll probably get a roll myself as long as prices aren't absurd.
Precious gold and golden-colored versions are two different US Treasury projects. 1. A base-metal, manganese flan, golden-colored, $1 coin that is to be soon (if not already) in production at the Philadelphia mint, and scheduled for release this coming autumn. 2. A 24-Karat gold proposal for a commemorative coin. This may or may not be definite. The MSN article is conflating the two. The X post it cites refers to a the base-metal golden-colored coin.
I've been out of the country for a few weeks (just got back a few days ago). Can you explain that sentence?
For years the common mint set has been in low demand and has now become a premium item through marketing and artifical scarcity.
That makes me confused for the size. When I saw the reverse I was thinking half dollar size, but that would mess up the standards. I wouldn't mind getting a roll for face value just to have in case there's some weird eBay demand that is far above face value.
To me it just means that Trump was the president when we celebrated our 250th anniversary. Nothing more. I would probably buy one just to have it in my collection. assuming the price is reasonable.
It was done on a commemorative coin in 1926. The coin featured the busts of George Washington and Calvin Coolege. It’s legal to put a living person on a coin, but it can’t happen on paper money. The reason is that Spenser Clark, the Superintendent of the National Currency Bureau, put his face on a five cent note. He was alive and in office. People had a fit. I have read that the note was supposed to feature William Clark of the Lewis and Clark Expedition. I'll have to verrify that one. Oddly enough his boss, Francis Spinner, had his picture on a piece of currency too. It didn't seem to be a problem. It put an end to the planned 15 cent note which was to have included Grant and Sherman. These are wide margin specimen notes. No official note was ever issued.
I don't think it's any more confusing than using the Eisenhower dollar reverse on the smaller SBA dollars. Although I guess that was a little disorienting at the time.