Washington: The US Treasury Secretary Scott Bessent on Wednesday that said that US Mint will begin striking a new $1 coin featuring President Donald Trump to commemorate 250 years of American independence.

Bessent said in a social media post said that as America commemorates 250 years of independence, the @usmint will begin striking this new $1 gold coin to honour the enduring legacy of liberty and a lasting symbol of patriotism.

The coin carries a portrait of Trump on one side. On the other side of the coin the reverse features an eagle with outstretched wings, holding an olive branch in one talon and arrows. The word Liberty appears above the portrait, while the dates 1776-2026 are engraved below it. The words In God We Trust appear beside Trump’s portrait. Two stars flank the image. A shield bearing the number 250 appears at its centre.

The phrases United States of America and One Dollar are engraved around the edge. The Latin motto E Pluribus Unum, meaning Out of many, one, appears above the eagle. Featuring President Trump, it celebrates the strength of American values, and the promise of a nation dedicated to preserving freedom for all, he added.

The announcement did not provide a date for the coin’s release or say how many would be struck. It also did not give details about its metal composition, circulation status or availability to collectors.

The US Mint, which produces the country’s circulating coins as well as commemorative and collectable issues, is coming out with a number of coins to celebrate the 250th anniversary of America’s independence. Early this month, it is released the Freedom Ringing Liberty Bell Gold Coins and Silver Medal.

The first non-round coin and medal in recent US history, these Liberty Bell-shaped coins and medals are available in the following product options: One Ounce Gold Coin, Half Ounce Gold Coin and Half Ounce Silver Medal.