The United States Mint will begin sales of the Ulysses S. Grant Presidential Dollar Rolls on May 19, 2011 at 12:00 Noon ET. This will represent the 18th release of the Presidential $1 Coin Program.
The obverse of the coin features a portrait of the former President, along with inscriptions indicating the order of the Presidency, years of the term, and the motto “In God We Trust”. The reverse features an image of the Statue of Liberty that has been used in common for each release of the series. Both the obverse and reverse were designed by Don Everhart.
The US Mint will offer 25-coin rolls from either the Philadelphia or Denver mint facility. The wrappers will display the name of the President, mint mark, and the face value. Each roll is priced at $39.95 plus applicable shipping and handling.
May 19 will also mark the official circulation release date for the Ulysses S. Grant Presidential Dollars. As with previous issues of the series, the Federal Reserve Banks provided financial institutions with a special order period, during which unmixed quantities of the new design may be ordered. Until June 2, financial institutions can order $1,000 boxes or $2,000 bags of the coins for distribution to their customers. If you can find a bank that routinely orders the new Presidential Dollars, you can obtain rolls of the Ulysses S. Grant Dollars for face value.
Also on May 19, the US Mint will hold a launch ceremony for the new coins at the Ulysses S. Grant National Historic Site at 7400 Grant Road in St. Louis, Missouri. The ceremony will begin at 2:00 PM CT and will be open to the public. Following the ceremony, there will be a coin exchange with rolls available at face value.
One final note. Tomorrow might mark the end of sales for the Franklin Pierce Presidential Dollar Rolls. In February when sales of the Andrew Johnson Presidential Dollar Rolls began, the US Mint ended sales of the Millard Fillmore rolls. During the course of the program, the sales start and end dates for numismatic rolls have varied. Some rolls have remained available for years, others for months, and some for about a year until the corresponding issue of the following year was released. The US Mint may be adopting the latter policy once again.
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