Tomorrow, November 15, 2012 at 12:00 Noon ET, the United States Mint will begin sales of circulating quality Grover Cleveland Presidential Dollars in an assortment of bags, rolls, and boxes. This will be the final release of the program for the year and the twenty-fourth release of the program overall.
Grover Cleveland was previously represented on the twenty-second release of the series for his first Presidential term from 1885 to 1889. Because his second term was non-consecutive, he is honored on an additional release of the series. The authorizing legislation for the program provides: “If a President has served during 2 or more nonconsecutive periods of service, a coin shall be issued under this subsection for each such nonconsecutive period of service.”
The obverse design of the coin features a portrait of President Cleveland designed and sculpted by Don Everhart. Inscriptions include his name, the motto “In God We Trust”, “24th President”, and the years of his second term “1893-1897”. The reverse features a rendition of the Statue of Liberty, also designed and sculpted by Don Everhart. The inscriptions read “United States of America” and “$1”. Incuse edge inscriptions include the motto “E Pluribus Unum”, the date, and mint mark.
This coin has already been released within a number of previous US Mint numismatic products, including the annual proof sets, uncirculated coin sets, and the 2012 Presidential Dollar Four Coin Sets. This will be the first time that the coin is available by itself and in bulk quantities.
The US Mint will offer circulating quality versions of the coin in 25-coin rolls priced at $32.95 each, 100-coin bags priced at $111.95 each, 250-coin boxes priced at $275.95, and 500-coin boxes priced at $550.95 each. All product options are available with coins from either the Philadelphia Mint with “P” mint mark or the Denver Mint with “D” mint mark.
A standard shipping and handling fee of $4.95 applies to each order. An additional charge of $7.95 is imposed for each 500-coin box ordered. There are no ordering limits imposed.
Starting this year, the US Mint has not produced Presidential Dollars for general circulation, which led to increased sales levels for the numismatic bags, rolls, and boxes. Previous releases have reached overall sales of 7,915,525 Chester Arthur Dollars, 7,020,900 Grover Cleveland (First Term) Dollars, and 5,935,925 Benjamin Harrison Dollars.
US Mint Sales Report
A new sales report has just been posted on Coin Update News. Many of the US Mint’s last chance products saw a jump in sales. The recently sold out 2012-W Uncirculated $50 Gold Eagle saw cumulative sales rise to 6,114. Sales of the uncirculated 2012-W Star Spangled Banner $5 Gold Coin jumped by 488 to 5,126.