New Gold Coin?
Onastone
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This keeps popping up, a living president on a coin? Saw this on the news this morning...will it really happen?
(Images taken off TV, sorry for bad quality.)
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Nothing is as expensive as free money.
I got eye trouble, I dont see it. Thats like the $250 bill a state or 2 wanted years ago
It already happened. 1926, Calvin Coolidge.
Good point. A precedent was set when then current President Coolidge was portrayed on the 1926 Sesquicentennial half dollar.
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Don't must students of history regard that as a mistake, a mistake not to be repeated?
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No.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Most historians agree Cal was silent on that issue.
That'd be a BIG FAT NO!!! (I mean I would never get one.
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Saw that on the news recently.
I thought I heard there cant be a living person on a coin ("Nolan Ryan" supposedly on an Olympic silver $, I have 1 or 2).
But now I hear they just havent had a sitting president on a coin since Coolidge.
Will probably be a 2.5 oz gold piece, too $$$$$ for the masses, affordable for the 1%. I hope it goes over like the Melania "fillem".
Was Coolidge part of the legislated design approved by Congress? I can't find the original text.
Calvin Coolidge. Ethel Kennedy. The Alabama governor Kilby. There is no such ban on living people on coins.
[Not saying it's a good or bad idea. It's just neither a first nor illegal. ]
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I believe that Buzz Aldrin was pictured on the 5 ounce Apollo pucks several years ago. He wasn't recognizable in his space suit but the image portrayed recreated an image from the Moon landing which pictured him.
Eunice Kennedy Shriver was on the 1995-W Special Olympics commemorative silver dollar and she was still alive at the time it was issued.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Here's some trivia I learned this week....
Ronald Reagan had passed away and was due to be pictured on a presidential dollar coin, but Nancy Reagan was still alive. The program called for a first spouse gold coin to be issued with each presidential dollar coin.
They decided they would go ahead and issue her gold coin while she was living. She participated in the design selection process but passed away a few months prior to the coin's issuance.
However, she was cleared and on track to be pictured on a coin while still living.
You mean that if I buy one, I am no longer a part of the 99%?! Sign me up!
Boom...we win.
Yes, that is the final design for the coin before production. They need to add the denomination and fineness, and the meeting to approve it was today.
So far, it's looking like all of the examples of living people on coins were part of a legislated design passed by Congress, and that this would be the first such example directed solely by the executive.
As far as i know, all coins are struck under congressional legislation. One of the gold coin programs gives the Secretary of the Treasury the authority to select designs.
So many things can be called a "first" if you add enough conditions to distinguish it from all the others.
And BTW, isn't there still a proposed dollar coin that is giving half the people in the country the vapors? When is that one coming out? 🤔
As I understand it, the SoT has the authority to direct the Mint to produce certain gold coins as numismatic products.
31 U.S.C. § 5112(i)(4)(C):
Source: Page #376 @ https://www.govinfo.gov/content/pkg/USCODE-2023-title31/pdf/USCODE-2023-title31-subtitleIV-chap51-subchapII-sec5112.pdf
Edited to Add:
Source: https://www.usmint.gov/news/inside-the-mint/how-coins-are-made-design-and-selection-process
Looking up the laws on "living persons on coins" I found a coin from Liberia that was issued last year as a commemorative...
One of the interesting things I found, the founders did not want a living president on currency because they were rebelling against Monarchy...but the original laws did not mention coins...until later, excepting commemoratives.
Carrion eater defecating on the Liberty Bell. On-brand.
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You could be a member of the League of Peace, or whatever they call that. This'll be the "challenge coin".
Presidential spouse issues were medals, they have no denomination and thus are not relevant to the issue of a living person on a coin, just like the Presidential medals.
Lol. Plenty of Spouse Coins were minted - denomination & all...
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The 'first spouse' program included gold coins and bronze medals.
Reference: https://www.usmint.gov/learn/coins-and-medals/collectible-coins/first-spouse-coins-and-medals
Thanks! Never seen those before, all I've seen are the base metal issued medals.
I am so glad I stopped collecting Commemoratives from the US Mint back in 2006
Were any of the Marines from the famous Iwo Jima photograph still alive when the 2005 commemorative was issued? I was trying to think of the latest example of a living person being featured on a U.S. coin.
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Unfortunately none were.
Three of the six flag raisers didn't survive the battle. There were also a few misidentifications that took several decades to sort out.
The 2019 Apollo 11 50th anniversary silver coin portrayed Buzz Aldrin.
From the interweb:
The depiction of Aldrin made him the seventh individual to appear on a U.S. coin who was alive at the time the coins were struck.
It takes a narcissist to make the mint put his own image on a coin.
Coolidge on the 1926 Sesquicentennial coin was just a representation of the first and most recent president. It did not look like an election campaign item.
It's Official!! This coin will be produced by the Mint:
https://apnews.com/article/trump-gold-coin-250th-anniversary-8be387e70ae561c62e27552bf47fb430
I always loved the aunt. She's funny 🙂
Regarding Coolidge, he didn't appear alone, unlike this design. Coolidge was in the background behind George Washington, and it was to commemorate the Sesqui and had the Liberty Bell on the back. It was not a coin issued to salve Coolidge's ego.
Apparently, after over 100 years of honoring people, the Unted States Mint is a victim of its own success - it has finally run out of decent human beings to honor.
Does this mean that you won't be buying this coin?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I guess there won't be a silver version, just gold, and larger than an ounce.
The editorial pages of 1926 also took issue with Coolidge being on the coin.
Of course I am. I plan to put this on my want list, right underneath the 2026 clad mint set for $124.50 and the 2026 clad proof set for $107.
Since this is a very limited production run perhaps we will see a 2.5 oz. coin with a $250 denomination.
The front of the coin features an image of Trump in a suit and tie and with a stern look on his face. His fists rest on top of what is supposed to be a desk as he leans forward. Lettering on the top half of the coin spells “LIBERTY” in a slight arc. Directly underneath that are the dates 1776-2026. The words “IN GOD WE TRUST” are at the bottom, with seven stars on one side of the coin and six stars on the other side.
The reverse side depicts a bald eagle midflight with “UNITED STATES OF AMERICA” on the right side and “E PLURIBUS UNUM” on the left side.
“I know it’s a very strong and a very tough image of him, and I think it’s fitting to have a current sitting president who’s presiding over the country over the 250th year on a commemorative coin for said year,” said Commissioner Chamberlain Harris, a top White House aide to Trump.
The coin will be part of a “very limited production run,” Sullivan said, but the number has not been determined. The size and denomination of the coin also have not yet been decided, she said. Some commissioners noted Trump’s fondness for big things as they advocated for the largest size coin.
The Mint, which is part of the Treasury Department, has looked at a size for the Trump coin that is larger than its 1-ounce (28-gram) gold coin, which is about 1.3 inches (3.3 centimeters) in diameter, Sullivan said.
Its largest coin is 3 inches (7.6 centimeters), “so we’re looking somewhere in there,” she said.
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As a matter of principle, for many years, either artistic renderings of women, often idealized ones were used on US coinage; then at some point the Romanesque male imagery emerged with the Barber coins. I prefer artistically rendered women from the Flowing Hair designs on, they're more aesthetic. I can understand the logic of memorial coinage such as the Washington quarter which first came out in the 200 year anniversary of the President's birth as well as the Kennedy and Ike dollars.
An artist starts with a blank canvas with possible designs they're trying to work with. Think of St. Gaudens and all the years he spent becoming the greatest in his field before he was hired by Teddy Roosevelt's team. I don't see that coming back.
I've never seen anything so in need of counterstamping in my life.
Very interesting. So this proves that the 1926 coin was not without controversy or detractors.
The people today who are trying to come up with excuses as to why the Coolidge coin was OK but this one is not are just rationalizing. In 1926 they would have been right there screaming about Coolidge being put on a coin.
Totally baseless and inappropriate accusation.
Is it a bannable offense? We'll find out. But in the meantime it will probably get the thread shut down. Nice going.
All this upheaval over a coin that very few will own because of the cost and that will ultimately just be lost in the crowd of all the other NCLT that the mint has been cranking out.
We should not forget that Senate Majority Leader and Al Smith Running Mate Joe Robinson appeared on the 1936 Arkansas Commem while he was still alive as did Carter Glass who appeared on the Lynchburg Va commem that was also issued in 1936. And finally, we have FDR that appeared on the 1936 Philippine Peso commem with FDR and Philippines President Manuel Quezon... again issued in 1936.
Experience the World through Numismatics...it's more than you can imagine.
Okay, whatever. If I get banned I’m okay with it because I’m sick of the coverups and idolization of someone who’s hurt our country. He’s a convicted felon that treats those who don’t worship him like trash. Is that who we honor on our nation’s coins? Seriously?
Somehow it’s okay to post stuff about him ….but if we reply with ‘non worship’ we deserve to get banned . So much for ‘freedom of speech’…….
Regardless of debate on appropriateness of a sitting president getting their coin, and while in office.....
Can we all agree it's terrible obverse design??
Yes it is. Love the Reverse but do not like the Obverse. Should be a side portrait like Washington.