What Is Trump Coins? Silver Coins Designed By Pro-Bitcoin Donald Trump

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What Is Trump Coins? Silver Coins Designed By Pro-Bitcoin Donald Trump – Crypto News

Published

10 months ago

September 23, 2024

Dripp

Donald Trump, the 2024 U.S. presidential candidate, has unveiled his latest venture into the collectible market with the launch of official “Trump Coins.” Announced on his social media platform, Truth Social, the commemorative silver coins are being marketed as the only official medallions personally designed by Trump. This move marks Trump’s entry into the collectible coin market, targeting collectors and his supporters with this unique product.

What Is Trump Coins? Silver Coins Designed By Donald Trump

According to a post on Truth Social, Trump announced the launch of the “Official Trump Coins,” priced at $100 each and made from 99.9% fine silver. Weighing 1 troy ounce and measuring 1.598 inches in diameter, the coins are designed to celebrate Trump’s political legacy and feature his profile on one side, with the White House depicted on the other. Marketed as a collector’s item, the Trump Coin is not legal tender and is not intended as an investment tool.

Trump announced on social media that he would launch the first officially authorized commemorative silver coin “TRUMP COINS”, which is priced at $100 and designed by Trump himself. It is not a legal tender or investment tool. The previous online rumor that Trump launched memecoin…

— Wu Blockchain (@WuBlockchain) September 21, 2024

The medallions are minted in Indiana and come in a custom felt bag, accompanied by a certificate of authenticity. Billed as the only officially licensed silver medallions designed by Trump, the coins have a proof finish, which offers sharp details and a mirror-like surface, catering primarily to collectors rather than for general circulation.

Despite Donald Trump’s design claims, the coins are manufactured and distributed by JBCZ Group, LLC, under a paid license from CIC Digital, LLC. This license agreement allows the use of Trump’s name, image, and likeness, but can be terminated or revoked according to its terms.

Venture into Collectibles and Digital Assets

The Trump Coins are the latest addition to Trump’s expanding business ventures, which also include a foray into the cryptocurrency space with the launch of World Liberty Financial (WLFI), a DeFi project tied to his family. This new initiative reflects Donald Trump’s strategic use of his platform and influence to promote business interests, particularly as he prepares for the 2024 election.

During a recent livestream event, Trump discussed his cryptocurrency venture, emphasizing the importance of U.S. leadership in the digital asset space while criticizing the current administration’s policies on financial innovation. The crypto community has shown mixed reactions to Trump’s involvement in the digital asset space, especially following cautious remarks from U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda.

In a recent interview, Commissioner Uyeda commented on Trump’s DeFi project wishing the project “Godspeed” but advised Donald Trump and other crypto entrepreneurs to seek competent legal counsel. Concurrently, Charles Hoskinson, founder of the Cardano blockchain, recently spoke about the possible difficulties that Trump’s World Liberty Financial project might encounter due to its association with a former U.S. president.