Today, August 16, 2012 at 12:00 Noon ET, the United States Mint will begin sales of the Benjamin Harrison Presidential Dollars in an array of rolls, bags, and boxes. This will be the third release of the program for the year, and the twenty-third release overall.
As readers will know, this year the Presidential $1 Coin Program underwent a major change. Starting with Chester Arthur, rather than being produced in large numbers for release to the channels of circulation, the coins are now produced only in the reduced quantities necessary to meet collector demand. Also, rather than being issued at face value, the coins are now only available from the US Mint at a premium to face value.
The Benjamin Harrison Presidential Dollar features a portrait designed and sculpted by Phebe Hemphill. Inscriptions include the President’s name, the motto “In God We Trust”, the order of the Presidency, and the dates of the term. The reverse design features the depiction of the Statue of Liberty by Don Everhart with inscriptions “United States of America” and the face value of “$1”. Incuse edge inscriptions include the motto “E Pluribus Unum”, the date, and mint mark.
The US Mint will offer circulating quality versions of the coin struck at either the Philadelphia or Denver Mint. Product options will include 25-coin rolls priced at $32.95, 100-coin bags priced at $111.95, 250-coin bags priced at $275.95, and 500-coin boxes priced at $550.95.
A standard shipping and handling charge of $4.95 applies to each order. An additional $7.95 charge is imposed for each 500-coin box ordered. As mentioned previously, this extra charge makes purchasing two of the 250-coin boxes less costly than purchasing one 500-coin box.
For previous releases this year, the most popular option by unit sales have been the 25-coin rolls. The most popular option in terms of total number of coins sold have been the 250-coin boxes. The least popular option by both measures has been the 100-coin bags. Coins struck at the Philadelphia Mint have been ordered more heavily for each product option.
As of the most recent sales report, Chester Arthur Dollars have sold 4,526,325 (P) and 3,027,375 (D) for a total of 7,553,700. The Grover Cleveland (First Term) Dollars have sold 3,857,125 (P) and 2,438,950 (D) for a total of 6,296,075.