This command succeeds
$ PS1='$(date +%s) $ ' 1391380852 $
However if I add a newline it fails
$ PS1='$(date +%s)\n$ ' bash: command substitution: line 1: syntax error near unexpected token `)' bash: command substitution: line 1: `date +%s)'
If I use backticks it works
$ PS1='`date +%s`\n$ ' 1391381008 $
but backticks are discouraged. So what is causing this error?
GNU bash, version 4.2.45(6)-release