The U.S. Department of the Treasury is considering putting former President Donald Trump on a commemorative $1 coin to mark the 250th anniversary of the founding of the United States.

The coin is one of several proposals under review for the nation’s Semiquincentennial (250-year) celebration in 2026, according to several news outlets.

Draft designs reportedly show Trump’s profile with the dates “1776–2026.” A reverse design shows him raising a fist beside an American flag and the words “Fight, Fight, Fight.”

If produced, it would be the first time in nearly a century that a living president has appeared on U.S. currency. The last was Calvin Coolidge, a Republican from Massachusetts.

Coolidge appeared on the 1926 Sesquicentennial (150 years) of American Independence half-dollar coin. It featured his likeness alongside George Washington. The coin was issued to commemorate the nation’s 150th anniversary.

Congress authorized the design on March 3, 1925. That law permitted a limited mintage of the coins to help raise funds for Philadelphia’s Sesquicentennial Exposition in 1926.

Coolidge is currently the only sitting U.S. president ever depicted on a coin during his lifetime. His appearance technically violated an 1866 law prohibiting portraits of living people on U.S. coins and currency, but the restriction was ignored.

While there were some objections in 1925 to depicting a living president on U.S. currency, the controversy was muted, according to Professional Coin Grading Service. Critics argued the design violated the law against showing living people on coins, but the complaints were largely ignored, and the coin moved forward without significant opposition.

The 1925 coin was designed by John R. Sinnock, who later designed the Roosevelt dime. One million coins were minted; they were sold for $1 at the time. However, all but about 141,000 of the coins were later melted due to low demand, according to Littleton Coin. The surviving coins now sometimes sell for more than $100 apiece.

Coolidge, born in Plymouth Notch, Vermont, built his political career in Massachusetts. He served on the Northampton City Council, then as mayor of the city, a member of the state House of Representatives, a member (and later president) of the state Senate, lieutenant governor, and then governor.

He became vice president in 1921 and president in 1923 after the death of Warren G. Harding. Coolidge won one term in his own right in 1924 and declined to seek another.

Known for limited-government views and fiscal restraint, Coolidge was not known for self-promotion. He earned the nickname “Silent Cal” for his brevity in speech and avoidance of political showmanship.

Coolidge’s coin stands out as the only official U.S. currency ever to bear a then-living president.

The proposed Trump coin would not enter general circulation but would be a commemorative issue. U.S. law allows such designs for specific anniversaries or historic events.

However, a legal expert told The Washington Post the move could test federal policy barring living individuals from appearing on U.S. coins.

“Fundamentally, I can’t imagine that that section of code, which says you can’t have a living person engraved on currency, is treating paper money or coins or special coins any differently," Georgia State University College of Law constitutional law professor Anthony Michael Kreis told the newspaper. "It all falls under that umbrella of legal tender."

The Treasury Department has not said when a final decision will be made on the Trump coin design.

A press spokesman for the U.S. Treasury could not be immediately reached for comment on Tuesday.