2014 Herbert Hoover Presidential $1 Coin Cover

Tomorrow, July 10, 2014 at 12:00 Noon ET, the United States Mint will begin accepting orders for the Herbert Hoover Presidential Dollar Coin Cover. This will represent the thirty-first issue within the ongoing American Presidency $1 Coin Cover Series.

Herbert Hoover Coin Cover

The Herbert Hoover Presidential Dollar went on sale in rolls, bags, and boxes on June 19, 2014. As new issues within the series are no longer distributed to the channels of circulation, the coins are only available within the United States Mint’s numismatic products.

The obverse of the coin features a portrait of Herbert Hoover designed and engraved by Phebe Hemphill. The inscriptions include his name, the order of the Presidency, the dates served, and the motto “In God We Trust”. The reverse design features a rendition of the Statue of Liberty designed and engraved by Don Everhart with inscriptions “United States of America” and the denomination “$1”. The edge of each coin contains the date, mint mark, and motto “E Pluribus Unum”.

Each coin cover includes Herbert Hoover Dollars sourced from the first day of production at the Philadelphia and Denver Mint facilities. This occurred on February 19, 2014 and February 5, 2014, respectively. The coins are mounted on a display card placed within an illustrated envelope carrying a USPS stamp and the post mark of July 10, 2014, West Branch, IA. The postmark corresponds to the first day of availability for the product and the location of the Herbert Hoover National Historic Site.

The covers are priced at $19.95 with a discounted price of $17.95 available for orders fulfilled through the US Mint’s Online Subscription Program. There is a product limit of 20,000 units imposed.

The two coin covers previously released this year had also carried limits of 20,000 units each. As of the latest available sales report, orders have been received for 11,087 of the Warren G. Harding Coin Cover and 10,453 of the Calvin Coolidge Coin Cover.

Tomorrow, the Mint will also be releasing the Florence Harding First Spouse Gold Coin. Coverage of the product will be provided in a separate post.

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Comments

  1. Bob R says

    United States Mint To ensure fair and equitable distribution of the 2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin, the product will be sold based on consumer demand.

  2. VARich says

    Bob R ~ can’t find your source on FB or the Newsroom, but if so, thanks, that just saved me $1,277.

  3. fmtransmitter says

    had HOF silver in stock and reserved for a week. Anyone else? no shipping??

  4. VA Rich says

    Yeah FM – has Brad commented on the previous thread, CC gets pinged about a week or two out, the order will show shipped for a day or two before it really does, and then tracking data will show. This appears SOP now with the mint so I just anticipate that a box will show up unannounced within 2 weeks and hope that I”m around to intercept before it sits too long.., heck of a business model!

  5. VA Rich says

    FB – To ensure fair and equitable distribution of the 2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin, the product will be sold based on consumer demand.

    This exquisite coin will go on sale August 5 …., in limited quantities at our sales centers (while supplies last and subject to change) and at the American Numismatic Association’s World’s Fair of Money in Chicago. –

    Read (aka)…, Goatrope!

  6. CasualCollector says

    Looks like the Mint finally removed the 100-Coin household limit on the BHOF Clads. I think the only chance of a sell out is if MLB or some other large buyer steps up to the plate…

  7. Don says

    CasualCollector,

    750,000 is a tremendously large mintage limit for a commemorative, especially a clad one. The Mint may just need additional sales venues to come close to this limit, such as major and minor league ball parks.

    fm,

    Apparently, with the summer vacation season upon us, the Fulfillment Center doesn’t have enough of a complement of available workers to ship the “in stock and reserved” items in a timely manner.

  8. Don says

    The Mint states that it will sell the Kennedy gold coin “based on consumer demand”. I think that statement effectively fizzled the demand, as well as dampening the enthusiasm for many collectors.

  9. fmtransmitter says

    That is a million dollars PER RACE! Provident must be doing pretty well. I ALWAYS judge the success of a company by their ability to sponsor a SPrint Cup race car! Did I see a George Bush Zombuck recently?

  10. BearMetal says

    fmtransmitter… BHOF Silver Proofs ordered 4/01/2014 at 0126 hrs (shipped 7/08/2014 per Mint Status (CC pinged – not physically shipped) with UPS Tracking beginning this afternoon. CC being charged today from pending status. Expected delivery is by End of Day 7/11/2014.

    The BHOF Clad Proofs (ordered 4/16/2014 at 0003 hrs) and also pinged CC on 7/08/2014 has just been assigned a UPS tracking Number this afternoon, but has not begun UPS Tracking. The Mint’s Status states ‘shipped 07/09/2014. I believe this means that the order is boxed with label applied and is ready for UPS pickup. I expect the UPS will update ‘shipping label’ created message by tomorrow with tracking to begin on Friday, 7/11/2014 and will be delivered either on the following Monday or Tuesday.

    I still have outstanding BHOF orders with one B/O to mid August, but progress is being made.

  11. BearMetal says

    fmtransmitter… Correction to original CC ping dates – both shipments pinged the CC on 7/04/2014, not 7/08/2014 as stated earlier. My apologies, the 7/08/2014 date made no sense.

  12. Louis says

    I got so incensed when I found out they are going to mint to demand, I put everything, dinner, etc. on hold and cranked out a pretty harsh commentary.

  13. fmtransmitter says

    WoW!! I just got my MS70 Wedge Tail PCGS Mercanti. Stunning! They used 3 finishes and the branches are a frost, the eagle and queen are reverse proof, and the background is a frost…Much much nicer than I imagined. Great job Perth! I see this as an ongoing series for sure!

  14. oldfolkie says

    “Mint to Demand” I love it! I wonder how much those do nothing, “but take advantage of their connections” big boys just lost? It’s really sad when everybody that can afford one, wants one, and would actually collect it and enjoy it, can get it.. Sorry, I don’t get, or have sympathy for, the sentiments of many on here when it comes to the mint’s offerings. The show debacle should make you all crazy with envy, quick buy those plane tickets. I’m sorry if this seems harsh, actually I’m not, I’ve just had my fill of the BHOF speculation and am glad we can skip it this time around. Once a year is enough. Just collect what you enjoy and enjoy what you collect. The BHOF coins are great, the ATBs are great this year, and the Kennedys will be nice. Maybe they can get politicians to autograph the labels before they are entombed in plastic. I can’t wait to see the gold one and the other silver varieties all together with the first one I got as an 11 year old way back when. I haven’t collected the dates since the Bicentennial halves so these will make nice type set. You can’t convince me that the limited minting of both the first Gold Spouse and ATB issues didn’t hurt the collecting of these coins and the Hobby in the long run. If you can’t get them in change you should be able to get them from the mint, without padding some companies bank account that didn’t do a damn thing to create the coin.

  15. fmtransmitter says

    thanks Bear Metal…Go get em Louis!! I know the Mint likes yo sell gold and sell lots of it but that may have bitten them. I still see a ton of sales and many to the big dealers. As mentioned,, if they can make $10 they will!

  16. Louis says

    @CC- Michael prefers I not mention it here, but if you have read my other articles, it will be the same place in the next day or two. Thanks for your interest.

  17. Louis says

    No mystery about pricing. They already said it will be based on the usual grid. At current gold prices that means $1277.50. Several months ago I predicted $1300.

  18. Louis says

    Thanks, FM. I am generally pretty mild mannered except when my back is up against the wall! We will see how much impact it has. At least I know people are reading because some even pretend to be me when posting comments, calling themselves “Louis G”! I wonder why they picked that name?

  19. merryxmasmrscrooge says

    “Tomorrow, the Mint will also be releasing the Florence Harding First Spouse Gold Coin. Coverage of the product will be provided in a separate post.”

    Next post
    “Ida McKinley Gold Sold Out: Lowest Mintage of 1,850” I really love Ida.

  20. Hidalgo says

    I like the US Mint’s approach to selling the special Kennedy half commemoratives. “Mint to demand” gives the American public a fair chance to own any or all of these keepsakes. The coins are not intended for a few to realize profits.

    Personally, I plan to buy all three special Kennedy half offerings. They will be very welcome additions to my Kennedy half collection!

  21. Pittsburgh P says

    oldfolkie says
    JULY 9, 2014 AT 10:29 PM

    “Mint to Demand” I love it! I wonder how much those do nothing, “but take advantage of their connections” big boys just lost? It’s really sad when everybody that can afford one, wants one, and would actually collect it and enjoy it, can get it.. Sorry, I don’t get, or have sympathy for, the sentiments of many on here when it comes to the mint’s offerings. The show debacle should make you all crazy with envy, quick buy those plane tickets. I’m sorry if this seems harsh, actually I’m not, I’ve just had my fill of the BHOF speculation and am glad we can skip it this time around. Once a year is enough. Just collect what you enjoy and enjoy what you collect. The BHOF coins are great, the ATBs are great this year, and the Kennedys will be nice. Maybe they can get politicians to autograph the labels before they are entombed in plastic. I can’t wait to see the gold one and the other silver varieties all together with the first one I got as an 11 year old way back when. I haven’t collected the dates since the Bicentennial halves so these will make nice type set. You can’t convince me that the limited minting of both the first Gold Spouse and ATB issues didn’t hurt the collecting of these coins and the Hobby in the long run. If you can’t get them in change you should be able to get them from the mint, without padding some companies bank account that didn’t do a damn thing to create the coin.

    Really? I will begin by stating that I respect your opinion and those who think like you but for you to be so incredibly happy over mint to demand and so upset over people who would rather a maximum mintage is quite ridiculous. You say that the little guy collectors cannot get a single solitary 1300$ coin while the dealers/flippers somehow get through quicker online & over the phone and order 100x plus the household limit of 5. No even better there are a group of dealers & a few flippers who have an in that are sitting around a table in a dark room at the US Mint playing poker using the gold JFKs as chips while smoking Cuban cigars and sipping on Macallan single Malt Whiskey laughing all the way to the bank right??? Why is it that everyone thst really, really wanted a BHoF coin of any type got one? Yes, if you waited a few days before ordering a gold you’d be S.O.L.! But then you must not have really wanted it that bad! Anyone that wants to order a coin from the Mint even a high demand/popular release can get one if they want it and put the time in.

    I am seriously reconsidering purchasing a gold JFK now… So go ahead and get your unlimited JFK Gold half, if I decide I want one I’ll pick it up on December 31.
    You may be happy now but when your kids or grandkids are holding the only 24k gold JFK half dollar that’s worth… Well spot & they could care less about the history & won’t bother to look it since its SO common.

    Its a shame because these could’ve been huge!
    By the way I am NOT a flipper or a dealer or anything even close. I enjoy collecting coins and staking PMs. I saved to be able to go to Chicago & purchase one Gold JFK along with a few silver sets… Now I am just going to stay home and maybe find some world coins I’d like…

  22. says

    By having no mintage limits on the Kennedy gold offering, the Mint makes it difficult for the buyer/collector, who will be shelling out about $1,300 per coin, to gauge whether or not it will retain any value down the road. With this uncertainty, many collectors are already making the decision to back away from purchasing the coin.
    At least with the gold eagles and buffaloes, the buyer is aware of the mintage limits. These limits provide the guidelines that allow the collector to make the decision to buy or pass on these gold products. All of the other modern gold commemoratives had mintage limits. Why isn’t the case with the Kennedy?

  23. JSM says

    Mint to demand is fine by me. Just wait till the glut and buy a 70 for cheaper than sending it in yourself. Everyone wins.

  24. thePhelps says

    There is irony in the “Mint to Demand” scheme the mint plans for the Kennedy gold offering… the actual demand has dropped quite a bit around here and probably across the board. The number sold probably has gone way up for the mint, because we all know who will be the 1st inline to purchase these by the pallet and hawk them as we have seen in the past. This will look exactly like the 2013 ASE offering – well not exactly because many of the average collectors will opt out this time around and not be posting about the delays in shipping as truckloads are unloaded at warehouses in Florida.

    I said it in an earlier post sometime back – if you wanted this coin – and are frequently posting here – then a mintage limit would have had limited impact on your ability to purchase this coin. You might have experienced the wait room – slow shipping – and that would have been about it. You would have still been able to order, and would have gotten your purchase. Unlimited mintages are not for the collector, they are for the mint and the large resellers -and are exactly the coins not to buy during this frenzy. You’ll be able to purchase them for years to come at or below the issue price – in this case it will probably depend solely on the value of the precious metal involved.

    I’ll still buy the silver and possibly a clad set or 2 – but have zero interest in spending $1277 on a coin that will end up being traded at the market value of the gold it contains.

  25. stephen m says

    Mint to demand or a set mintage. It’s 6 of 1 and half a dozen of the other. The mintage won’t be low enough to make a difference either way when it comes to aftermarket value. The Kennedy gold will be a buy if you like it coin and a lot will like it. Looking forward to your commentary Louis.

  26. says

    Has the Mint considered the possibility that having open ended mintage of the Kennedy gold could actually have a negative effect on the sales total, as many potential buyers stay away? I don’t even think the big boy dealers will gamble with buying large quantities of these, as they do not want to be stuck with unsold inventory.
    Ironically, because there will be no mintage limits, the possibility exists that the amount sold will actually be less than the Mint projects because the open limits make it much less appealing for many people.
    I guess the airlines are beginning to wonder why they are receiving so many cancellations for flights to Chicago.

  27. jeff says

    It’s the same old shunagians dealers, flippers will get there 1000+ orders first they get them graded before the common collector even get theirs from the mint. If you order first you will receive in December lol I’m only in for the silvers it’s like the ground hog movie anyone seen that . Enjoy compliment of our us mint I bet they have no more the 5000 ready to go that’s it I bet your guys can get a gold kennedy from HSN before you get your’s

  28. says

    Another thing: without a mintage limit, the gold Kennedy might as well be a bullion coin–because it will probably only sell for the spot price of gold in the future anyway.

  29. Hidalgo says

    I am certain that the special silver and the gold Kennedy half dollars will sell very well in the first few hours. Major coin dealers are waiting for the coins to go on sale so that they can obtain the “First Strike” or “Early Releases” labels for certified coins.

    As you may have noticed, MS70 / PF70 coins sell for a significant premium above the US Mint’s retail price. That’s is the primary reason why coin dealers sell so many certified (vs. “raw”) coins.

  30. smiledon says

    To that are critical of the way the mint is going to sell the Kennedy gold coin to demand; the UHR Double Eagle was done the same way. Try buying that coin @ the price of gold.

  31. thePhelps says

    smiledon – for every rule there is an exception… generally mass selling of a given product will end up with an over saturation of the market. For a collector hoping to see value added to his or her collection – the last thing they want is an over saturated market.

  32. says

    Mintage, pricing and demand.
    Since the start of the American Gold Eagles (1986) there has never been a yearly bullion 1 oz. coin that has sold LESS than 140,000. Since 1990 there has never been a yearly AGE proof 1 oz. coin that has sold MORE than 60,000. 140k vs. 60k. The demand for the AGE is there, so what is the difference? Pricing. On the 1 oz. proof you have a built in $360 premium on the Mint’s pricing grid. Today I could buy 1 oz. 2014 AGE bullion on the bay for $1,452.62 delivered. I could buy a 1 oz. 2014 AGE proof from the Mint for $1,660.00 plus shipping. Basic difference is $207.38. So you have choice higher mintage bullion that tracks spot OR lower mintage proof that has some pricing potential in excess of spot. Even that is a stretch. You go look at the bay for the majority of AGE proofs and they are not trading at a substantial premium to spot. It is just hard to get that $360 premium back.

    NOW…you have a $302.50 Gold Kennedy premium ($1,277.50 –($1,300.00 x .75)). So if you are going to make any $ on the secondary market you need to have low mintage to make up that premium and I do not see that happening. If I was guessing I would say mintage will be north of 125,000. North of 125k and you get into bullion territory. Until all the baby boomers die I would think the Gold Kennedy would closely track spot gold plus a small premium and unless gold rises considerably after a purchase it may be years before you could sell a Gold Kennedy for what you paid for it. Between now and January 1st, 2015 why would I buy a Gold Kennedy on the bay for a premium when I can buy the same coin from the Mint for less? And you have a 50/50 chance that spot gold will decline between now and year end.

    I know the 2009 UHR Saint Gaudens does not follow my logic. You want to name any other HIGH mintage modern US Mint Gold product that sells for a substantial premium vs. spot? I don’t know of any…

  33. says

    Hawkster, Yeah, but you really don’t need to mention Hoover since we are living out most of his policies even today.

  34. VA Bob says

    ….as I look at my minted to demand 2009 UHR, worth much more than issue. heck mine was even eligible for the FS scam at the time. I sure hope all those opting out of the gold JFK stand up to the Mint and not buy. That’ll show em. Oh, I’m buying any RP gold Buffs that any of you guys might be selling, for spot of course. lol

    The problem here is too many must believe that the Mint staff care if they make a profit or not. Well here’s a little (non) secret for you, their government workers, they get their checks no matter what. Do you think they care if you make a profit on your purchase or not? Buy what you enjoy, you’ll never be disappointed.

    BTW – there will be a maximum mintage for the JFK gold, you just won’t know what it is ahead of time.

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