Video: Obama, Trump presidential medals on horizon

As the country transitions from President Barack Obama to President-elect Donald Trump, there are numismatic items to look forward to honoring both men.

Full video transcript: 

This is the Monday Morning Brief for November 14, 2016. I’m Coin World Senior Editor Paul Gilkes.

With less than three months remaining in his second term as the nation’s chief executive, President Obama’s selection of designs for his two presidential medals to be struck by the U.S. Mint have yet to be announced.

And now with Donald Trump elected Nov. 8 as the 45th president of the United States, the U.S. Mint’s engraving staff can look ahead to executing designs for Trump’s bronze presidential medal.

Donald TrumpWhat the election of President-elect Trump means for collectors: Donald Trump’s election as the 45th president of the United States opens the door to a number of numismatic collectibles for hobbyists to pursue.

Collectors will not only have the opportunity to look ahead to the Obama and Trump presidential medals to be struck by the U.S. Mint, but also the official presidential inaugural medal for Trump to be produced by a private mint.

It is believed the selections for the Obama presidential medals have been made, but just not announced. The hold-up, apparently, is at the White House.

There were few designs received from the U.S. Mint’s engraving staff from which the Citizens Coinage Advisory Committee and Commission of Fine Arts could make recommendations — two proposed obverse designs and one reverse for the first term; and one obverse and two reverse designs proposed for the second-term medal.

The two coin and medal advisory panels reviewed the designs and made their recommendations in June. Both panels recommended the same designs.

Barack Obama presidential medalDesigns for two Obama Presidential medals receive CCAC nod: Proposed designs for the two Presidential medals to mark President Obama's two terms were recommended June 27 by the Citizens Coinage Advisory Committee.

Private mints have already likely readied proposed designs or prototype medals for submission to the Trump presidential inaugural committee’s team charged with overseeing the medal design selections and execution. The medals are often among the most sought after presidential memorabilia from an incoming president’s inauguration.

The inaugural medal committee has not likely been established yet, though.

It will be interesting to see what kind of designs are proposed for the official Trump inaugural medal.

For Coin World, I’m Paul Gilkes.

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