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TRUMP GOLD COIN DELAYEDNewsweek dug into legal filings and got a scoop on the Trump commemorative gold coin. It won't be ready for several months after Independence Day. They said "make it big" and in Trumpian style it's HUUUUUGE, weighing in around 19.7 oz each (an estimated $90,000 worth of gold). Only 47 will be made. -Editor. 
New gold coins featuring President Donald Trump's face, issued for the 250th anniversary of United States independence, likely will not be ready until several months afterwards, the U.S. Mint has said in a legal document reviewed by Newsweek. The delay was revealed in response to a lawsuit that had been filed in a bid to block the creation of the coins altogether, which has ultimately proved unsuccessful. The U.S. Mint states in the legal document that production on the coins has not yet begun, as the final design has not been approved. After approval has been issued, the production process will still take several months, and their release will not align with the United States' 250th anniversary of independence on July 4. In the legal filing, April Stafford, the Director of the Office of Design Management at the United States Mint, discussed the production of the coins and outlined delays in their production. "The Mint is currently in the design stage of a large 24k gold coin depicting President Trump in commemoration of the United States Semiquincentennial," Stafford wrote. She added in the legal filing, "There is no official on-sale date for this gold coin. While the coin will be minted in celebration of the Semiquincentennial on July 4, 2026, this is not the target date for issuance." The legal filing then states that the Mint has not begun production, as the final design of the coin has not been approved. Stafford states that her understanding is that the Treasury Department is "still in consultations regarding the design," and as such, it is "possible that changes may be requested." Once the approval of the design is given, if no significant changes are required, it would take six to eight weeks to begin striking coins. Then, after Mint begins striking the coins, it is estimated that it will take several months for the coins to be produced. There will only be a total of 47 gold coins made, and each of them will contain an estimated $90,000 worth of gold. Each of the coins will be machined individually and will have a variable weight of gold of approximately 19.7 oz each. Len Augsburger notes that "By comparison, the large-size 1976 bicentennial gold was about 13 oz." and "Coin denomination is not specified here." -Editor
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Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: Subscribe All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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