The US Mint will begin sales of the Chester Arthur Presidential Dollar Coin Cover today, April 9, 2012 at 12:00 Noon ET. This will represent the 21st release within the American Presidency $1 Coin Cover series.
Each cover contains two Chester Arthur Dollars from the first day of mintage at the Philadelphia and Denver Mints. These coins are mounted on an illustrated display card which contains a 45-cent postage stamp cancelled on March 13, 2012 in Fairfield, VT.
Past covers have been canceled on the official circulation release date of the coin, however, starting with this release the Presidential Dollars are no longer issued for circulation. The US Mint began sales of rolls and boxes of circulation quality Chester Arthur Dollars last week on April 5, 2012, which I think should be considered the release date for the coins. I am not sure if there is any particular significance for cancellation date of March 13, 2012. The product page says that this “marks the day the Chester Arthur $1 Coin Cover was issued by the United States Mint.” I would consider the issue date to be today, April 9, 2012.
The post mark cancellation location of Fairfield, VT appears to have been chosen since it is believed that this is where Chester Arthur was born.
The production limit for the Chester Arthur $1 Coin Cover has been set at 22,000 units. This is the same level used for last year’s covers, which so far have sold from a low of 14,910 for the most recently released James Garfield cover to a high of 18,240 for the first released Andrew Johnson cover.
Pricing is established at $19.95 per cover plus applicable shipping and handling. The US Mint had reduced pricing for several America the Beautiful Quarters and Presidential Dollars products, however the covers remained unchanged in price compared to the previous year.