Today, June 19, 2014 at 12:00 Noon ET, the United States Mint began accepting orders for circulating quality 2014 Herbert Hoover Presidential Dollars packaged in rolls, bags, and boxes. This coin represents the third release of the year and the 31st release overall within the Presidential $1 Coin Program.
The obverse design of the coin features a portrait of the former President designed and engraved by Phebe Hemphill. Within the review phase, this was the design which was recommended by both the Commission of Fine Arts and Citizens Coinage Advisory Committee. Inscriptions include “Herbert Hoover”, “In God We Trust”, “31st President”, and the dates “1929-1933”.
On the reverse is the image of the Statue of Liberty intended to symbolize the concept of Liberty, which has been used in common for all issues of the series. The inscriptions include “United States of America” and the denomination expressed as “$1”.
Incused edge inscriptions include the “2014” date of issue, the mint mark, and the motto “E Pluribus Unum”.
Products available today from the United States Mint include circulating quality Herbert Hoover Presidential Dollars struck at either the Philadelphia or Denver Mint, containing the “P” or “D” mint mark, respectively. Ordering options include 25-coin rolls priced at $32.95 each, 100-coin bags priced at $111.95 each, and 250-coin boxes priced at $275.95 each. The paper wrappers or bags contain the President’s name, the face value of the contents, and the mint mark.
There are no established mintage or product limits. The US Mint indicates that the products will remain available for one year from the initial on-sale date or until inventory is depleted prior to this time frame. The 100-coin bag options for the first Presidential Dollar release of this year have already sold out.
Since 2012 Presidential Dollars have not been released for general circulation, but have only been available within numismatic products. The initial change in distribution caused a surge in demand for the US Mint’s bags, rolls, and boxes, but the additional demand has somewhat dissipated for recent releases.
The preliminary production levels for circulating quality Herbert Hoover Presidential Dollars are 3.78 million pieces at the Denver Mint and 4.48 million pieces at the Philadelphia Mint for a total of 8.26 million overall. So far, this is tied with the Calvin Coolidge Dollars for the overall mintage low of the series.