Today, February 6, 2014 at 12:00 Noon ET, the United States Mint will begin accepting orders for a range of products containing circulating quality 2014 Warren G. Harding Presidential Dollars. This will represent the first release of the year and the 29th release overall within the Presidential $1 Coin Program.
The Warren G. Harding Dollar features a front facing portrait of the president designed and engraved by Michael Gaudioso. This design was recommended by both the Commission of Fine Arts and Citizens Coinage Advisory Committee. Obverse inscriptions include “Warren G. Harding”, “In God We Trust”, “29th President”, and “1921-1923”.
The reverse design of the coin features a rendition of the Statue of Liberty designed and engraved by Don Everhart. This design has been used for the reverse design across all issues of the series. The inscriptions read “United States of America” and the denomination expressed as “$1”. The edge of each coin contains incuse lettering with the motto “E Pluribus Unum” as well as the date and mint mark.
For the initial years of the Presidential $1 Coin Program from 2007 to 2011, the coins were produced in high quantities and distributed to the channels of circulation. There was an introductory period surrounding each release during which banks could order the coins in unmixed quantities. The introductory period combined with limited use within circulation led to a build up of excess $1 coins in inventory at Federal Reserve Banks. In response, the Treasury Department suspended production of the $1 coin for circulation.
Since 2012, newly released Presidential Dollars have been produced only in the quantities deemed necessary to fulfill demand from collectors. The circulating quality pieces have been only been available within numismatic products, priced at a premium to face value.
The Warren G. Harding Presidential Dollar products released today contain circulating quality examples of the coins struck at the Philadelphia or Denver Mint facilities. Product 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. These products are available with coins from either the Philadelphia or Denver Mint. All products feature packaging which contains the name of the President, the face value of the contents, and the mint mark.
From 2012 to 2013, the US Mint had also offered 500-coin boxes of circulating quality coins from each mint, however these options have been discontinued.
There are no stated product limits or maximum mintages for the bags, rolls, and boxes. The US Mint indicates that the products will remain available for one year from the initial release date or until inventory is depleted at an earlier date.
The time limitation for circulating quality Presidential Dollar products has been indicated for releases from 2013 onwards. If the US Mint follows this limitation, the William McKinley products may conclude sales either today (to coincide with the release one year ahead in the schedule) or on February 19, 2014 (to coincide with the actual one year mark).