Today, August 14, 2014 at 12:00 Noon ET, the United States Mint began accepting orders for the 2014 Lou Hoover First Spouse Gold Coin. This represents the third release of the year for the one-half ounce 24 karat gold coin series honoring the spouses of the Presidents.
The obverse design of the coin features a portrait of Lou Hoover designed by Susan Gamble and engraved by Michael Guadioso. Inscriptions read “Lou Hoover”, “In God We Trust”, “Liberty”, “2014 W”, “31st”, and “1929-1933”. This obverse portrait had been recommended by the Citizens Coinage Advisory Committee, while the Commission of Fine Arts had recommended a different candidate.
The reverse design carries a depiction of a late 1920’s style radio set to represent Mrs. Hoover’s significance as the first First Lady to give a public radio address. The inscriptions around the outer edge read “United States of America”, “E Pluribus Unum”, and “$10 1/2 oz. .9999 Fine Gold”. Below the radio is the inscription “First Public Address April 19, 1929”. This reverse design was recommended by both the CCAC and CFA, who felt it would be more recognizable than the microphones shown in other alternatives.
The Lou Hoover First Spouse Gold Coins are initially priced at $845 for the uncirculated version and $865 for the proof version. These prices are based on a weekly average gold price within the $1,300 to $1,349.99 range. Pricing for the coins is subject to potential weekly adjustment.
A maximum mintage of 10,000 pieces has been established across the proof and uncirculated versions of the coin. Customer demand will determine the ratio of proof to uncirculated coins produced within the total maximum mintage.
Previous releases of the series for this year have honored Florence Harding and Grace Coolidge. Since the release date on July 10, the Harding coin has reached combined sales of 2,801 pieces. Since the release on July 17, the Coolidge coin has reached combined sales of 2,466 pieces.
The fourth release this year honoring Eleanor Roosevelt has a scheduled release date of September 4, 2014.