The 24-karat gold coin was approved by a federal art commission with Trump-appointed members.
It is a collector's coin and cannot be used as a means of payment, but previously issued commemorative coins have sold for over $1,000, according to AFP.
Federal law does not allow a living president to be depicted on currency. However, the Treasury Secretary has the authority to approve new gold coins - which Scott Bessent has used to circumvent the ban, according to Megan Sullivan, director of the United States Mint.
It has not been decided how big the coin will be, but the vice-chairman of the Arts Commission, James McCrery, says, according to the BBC, that he wants it to be "as large as possible" and preferably just over 7 centimeters in diameter.
