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The $1 Trump coins are here. Why spending them is legal but tricky
The U.S. Mint has begun selling $1 collectible Trump coins. These coins possess a face value of one dollar, making them legal tender under federal law. While the Mint promotes them as collectibles, they could theoretically be used as actual currency. The coins are available for purchase in rolls and bags, but the Mint's website clarifies they have circulating finishes but have not been placed into circulation. This issuance has sparked legal debate regarding whether a sitting president can be depicted on U.S. currency. Federal law generally permits businesses to decide which payment methods they will accept, meaning not all stores may honor these coins. Historically, Americans have shown reluctance to use $1 coins, as demonstrated by the struggle of previous dollar coin series. Questions surrounding the Trump coin's legality stem from federal laws restricting portraits of living individuals on coins. The Treasury Department has argued the coin is permissible under laws allowing designs emblematic of the U.S. semiquincentennial. This situation is similar to a 1926 coin that featured a living president alongside George Washington. Ultimately, while the Trump $1 coin is legally recognized currency, its acceptance in everyday transactions is not guaranteed.