U.S. PRESIDENT CHANGE DRIVES NUMISMATICS

Donald Trump's election Nov. 8 as the 45th president of the United States opens the door to a number of numismatic collectibles for hobbyists to pursue and will result in changes at the Treasury Department and possibly the U.S. Mint.

Prime among the new collectible items are the official presidential inaugural medal to be issued through President-elect Trump's inaugural committee, as well as U.S. paper money, which will eventually bear the signatures of a new Treasury secretary and U.S. treasurer.

Inaugural medal
The official inaugural medal is issued by the winner's inaugural committee and should not be confused with the traditional Presidential medal struck and issued by the U.S. Mint using designs from one of the members of the Mint's engraving staff.

Issuance of an official inaugural medal for each presidential inauguration has been a tradition since the first one was issued in 1901 for the inauguration of President William McKinley.

First term medals feature a portrait of the president on the obverse; second term medals traditionally show the vice president's portrait alongside the president's.

Changes in Signatures
With Trump's election as president, Treasury Secretary Jacob Lew will be out of the cabinet. And his signature will be eventually replaced on U.S. paper money with that of his successor.

President-elect Trump has previously indicated that he wants to give the Treasury secretary job to his finance chairman, Steven Mnuchin, a 17-year-veteran of Goldman Sachs.

Mnuchin is the chairman and chief executive of the private investment firm Dune Capital Management. Mnuchin was also co-founder, chairman and CEO of OneWest Bank, which was sold to CIT Group in 2015.

Another office awaiting a Trump appointment is that of United States treasurer. The treasurer's facsimile signature appears on Federal Reserve notes with that of the Treasury secretary.

To read the complete article, see:
1901 Official Inaugural Medal President William McKinley 44 mm Bronze (www.medalsandtokens.com/us-medals-and-tokens-1/1901-official-inaugural-medal-president-william-mckinley-44-mm-bronze)

To read the complete article, see:
Jacob Lew's Signature, Squiggle-Free (http://economix.blogs.nytimes.com/2013/06/18/jacob-lews-signature-squiggle-free/?_r=0)

To read the complete article, see:
Election of President-elect Trump brings multiple collecting possibilities (www.coinworld.com/news/us-coins/2016/11/new-president-means-hobby-opportunities.html)

	NBS (coinbooks.org) Web