Amidst the excitement of the start of sales for the 2013 West Point Silver Eagle Set, the US Mint also launched another new product on May 9, 2013. This was the 2013 Theodore Roosevelt $1 Coin Cover.
Each cover includes two Theodore Roosevelt Presidential Dollars sourced from the first day of production at the Philadelphia and Denver Mint facilities. These coins are mounted on a display card and placed within an envelope illustrated with a portrait of the President and carrying a 46-cent Patriotic Star stamp. The cover carries a post mark of May 9, 2013, New York, NY, representing the first day the product was available to the public.
The covers are priced at $19.95 each. The product limit is established at 22,000 units. This is higher than the 20,000 product limit established for the previous William McKinley $1 Coin Cover.
Based on the increased product limit, the US Mint seems to expect the Theodore Roosevelt coin cover to be more popular than the others released for this year. Back in 2007, the US Mint had also established a higher limit for the Abraham Lincoln coin cover compared to the other releases for the year.
Now at its 26th overall release, the American Presidency $1 Coin Cover series has seen its product limit continually ratcheted downwards over the years.
The 2007 covers each carried limits of 50,000 units and sell outs were achieved for the first three releases. The limit was lowered to 40,000 units for the 2009 covers, and 32,000 units for the 2010 covers with the exception of the Abraham Lincoln cover which carried a limit of 37,000 units. The limit was lowered to 22,000 for the 2011 covers. For 2013, it seems that the covers will have limits of 20,000 with the exception of Theodore Roosevelt at 22,000.