Judge Questions Legality of Proposed Trump Gold Coin During Hearing
Judge questions legality of Trump gold coin in Portland hearing
Oregon Local News
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During a court hearing in Portland, U.S. District Judge Karin J. Immergut scrutinized the legality of a proposed gold coin featuring President Donald Trump's image, questioning the law prohibiting living figures on U.S. currency. The case arises from a lawsuit by retired lawyer James Rickher, who argues the coin's production violates federal law.
- 01U.S. District Judge Karin J. Immergut challenged the purpose of a law barring living images on currency during a hearing about a proposed gold coin featuring President Trump.
- 02Retired lawyer James Rickher filed a lawsuit against the U.S. Mint, claiming the coin's production violates federal law that only allows deceased individuals' images on currency.
- 03The proposed coin, intended to commemorate the nation's 250th anniversary, would weigh about 19.7 ounces of gold and have a face value of $2,026, but an estimated market value of $90,000.
- 04Government attorney Kathryn Barragan argued that Rickher lacks standing to challenge the coin's production, stating that the law applies only to paper currency, not coins.
- 05The judge is expected to issue a ruling on the case at a later date, while the final design of the coin awaits approval from the Treasury Secretary.
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In a recent hearing in Portland, U.S. District Judge Karin J. Immergut raised significant questions regarding the legality of a proposed gold coin featuring President Donald Trump's likeness. The case, initiated by retired lawyer James Rickher, challenges the coin's production under a federal law that prohibits living individuals' images on U.S. currency. Judge Immergut pressed U.S. Justice Department lawyer Kathryn Barragan for clarity on the law's intent, while Rickher argued that the coin's production would undermine the integrity of the coin collection market. The proposed coin, intended to commemorate the 250th anniversary of the United States, would weigh approximately 19.7 ounces of gold and have a face value of $2,026, with a projected sale price of around $90,000. Barragan contended that Rickher lacks a personal stake in the matter and suggested that the law does not apply to coins. The judge indicated she would deliver a written ruling in the future, while awaiting the Treasury Secretary's approval for the coin's design.
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The outcome of this case could set a precedent for future commemorative coins and their legality, affecting collectors and the minting process.
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