Treasury Secretary Scott Bessent revealed on Wednesday the U.S. Mint’s plan to release a gold coin showcasing President Trump’s likeness, commemorating the nation’s 250 years of independence. This initiative is part of the Trump administration’s larger effort to intertwine the President’s legacy with American currency, following the addition of his signature on new notes and attempting to introduce a $250 bill with his image.

In a social media post, Bessent described the new coin as a tribute to ‘the enduring legacy of liberty and a lasting symbol of patriotism.’ The Treasury Department had unveiled initial designs last year, sparking controversy due to the 1866 law restricting portraits on U.S. currency to deceased individuals, aiming to prevent perceptions of a monarchy.

The Treasury Department defended this initiative, citing authorization under the Circulating Collectible Coin Redesign Act of 2020. They emphasized that Bessent exercised his authority to issue coins ‘with designs emblematic of the United States semiquincentennial,’ which reflect Trump’s vision for America.

A contentious aspect of American currency is the imagery chosen, often influencing how the national identity is perceived. These changes frequently provoke debates, as differing views on national symbolism come to the forefront.