A wheel assembly includes a decorative member mounted on an outer race of a bearing carried in a holder with an inner race mounted on a spindle and secured by an attachment fastener. The bearing holder is carried on the spindle projecting from a coupler hub fixed to an axle cap secured to a vehicle axle hub. Set screw fasteners are employed to retain securement fasteners to the spindle and to retain the coupler hub fasteners with the axle cap. The wheel mounting assembly permits the movably mounted decorative member carried on the rotatable vehicle axle hub to remain static or to rotate while the wheel is turning as a vehicle travels along a roadway.