Topline
Former President Donald Trump has included silver coins to the raft of items he’s selling to fans, with each costing $100—more than triple the cost of silver—joining a series of product drops that have consistedof $399 tennisshoes, NFT trading cards and $60 Bibles as he dealswith legal and campaign-based money crunches.
The coins were revealed Saturday. (Photo by Kevin Dietsch/Getty Images)
Key Facts
The Trump Coins site explains the $100 coin as a one ounce “99.9% fine silver,” much greater than the $31.50 per ounce market worth of silver (though if it shows a real collectible, its cost might hypothetically grow).
Trump revealed the coin in a Truth Social post Saturday, and it includes Trump’s profile on one side and the White House and his signature on the other.
The collectible coin’s page notes the item is “not political” and has “nothing to do with any political project,” including the coin is not offered by Trump, The Trump Organization or any of its affiliates.
Trump’s coin will be launched about a month after he launched his 4th series of non-fungible token trading cards for $99, marking one of the previous president’s mostcurrent tries at courting crypto traders.
Trump likewise introduced a line of high-top tennisshoes in February beginning at $99 and selling for as much as $399 per set.
The previous president backed a $60 Bible in March as part of a collaboration with Lee Greenwood, the vocalist and songwriter behind the chart-topping hit, “God Bless the USA.”
The Trump project did not rightaway respond to Forbes’ demand for remark.
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How Much Has Trump Made Off His Bibles, Sneakers And Nfts?
The Bible backed by Trump produced $300,000 in sales, according to current monetary disclosures mentioned by the Los Angeles Times. It is uncertain how much cash the whole line of Trump tennisshoes raked in, though the $399 shoes were minimal to 1,000 sets and ultimately offered out, according to The Washington Post, significance at least $399,000 was made off the tennisshoe line. The previous president’s participation in NFTs hasactually offered the greatest gains for him, as he netted $7.2 million from NFT licensing costs, according to CBS News.
Forbes Valuation
We quote Trump’s web worth at $3.7 billion, which alittle dropped this week after Trump Media stock consistently hit record lows. Much of that fortune, nevertheless, is covered up in his DJT stock, the media business behind his social network, Truth Social, which lotsof think is extremely miscalculated.
Key Background
The product hasactually been launched as Trump has fought numerous criminal cases versus him that have culminated in hundreds of millions of dollars in overdue legal charges. In February, the previous president was purchased to pay more than $440 million in a scams trial versus him and the Trump Organization. Trump’s legal expenditures for the companies representing him throughout numerous trials reached almost $6 million in February and alittle decreased to more than $3.5 million in March, April and May, according to Axios. Trump’s money crunch has likewise extended to his project funding, as Vice President Kamala Harris’s project outspent Trump’s project by a big margin in August, however handled to raise sufficient to preserve an edge over Trump, according to Politico, which keptinmind the Harris project reported raising $190 million last month compared to the Trump project’s $45 million in fundraising within the verysame duration.
Further Reading
Trump Launches $399 Sneaker Line In Ex-President’s Latest Merchandise Sale (Forbes)
Trump Endorses ‘God Bless The USA’ Bible—After Hawking Sneakers And NFTs (Forbes)
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