The United States Mint released the Rutherford B. Hayes Presidential Dollar Coin Cover on Tuesday, October 4, for $19.95.
A popular collector product, the coin cover includes two circulation quality dollar coins chosen from the first day of production. One Rutherford B. Hayes Presidential $1 Coin is from the US Mint facility in Denver and the other is from Philadelphia. Both were struck on June 1, 2011. These coins are mounted on a display card with a U.S. 44-cent postage stamp.
A portrait of the president is on the front of the coin cover with the American flag in the background. Each is postmarked August 18, 2011, Fremont, OH, marking the day that the Rutherford B. Hayes $1 Coins were released into circulation.
Limited Edition & Sales Expectations
The United States Mint is limiting the Hayes Presidential Dollar Coin Cover to 22,000.
The product is expected to sell well based on previous issues in the series. As an example, according to the United States Mint sales figures as of October 3, 2011, collectors have purchased 16,510 of the Ulysses S. Grant Coin Covers since its launch on June 29 and 31,425 of the Abraham Lincoln Coin Covers since December 30, 2010.
A circular window on the decorative card reveals the obverse and reverse designs of the coins.
The obverse or heads side of the $1 was designed and sculpted by Don Everhart. It depicts a portrait of the president and the inscriptions "RUTHERFORD B. HAYES," "IN GOD WE TRUST," "19TH PRESIDENT" and "1877-1881."
Everhart also designed the image of the Statue of Liberty shown on the reverse of all of the Presidential $1 coins. Its inscriptions include "UNITED STATES OF AMERICA" and "$1."
The coins’ edges include "2011," "E PLURIBUS UNUM," and the mint mark "D" for Denver or "P" for Philadelphia to indicate its origin.
Rutherford B. Hayes: 19th President, 19th in Presidential $1 Coin Series
Rutherford B. Hayes served in the military during the Civil War as a brevet major general. His first political success was winning a seat in the House of Representatives in 1865 and then serving as Governor of Ohio for three terms between 1867 and 1876.
In the presidential election, he lost the popular vote, but via the Electoral Commission established by Congress in January 1877 to settle the fiercely disputed election, he won the presidency by just one electoral vote.
He announced in advance that he would only serve one term as President, but in that one term he brought about moderate reform, withdrew troops from the South, and banned wine and liquor from the White House.
Upcoming and Past US Mint Presidential Dollar Product Releases
President Hayes’ dollar is the third for the year and the 19th in the Presidential dollar series that started in 2007. The United States Mint began selling Rutherford B. Hayes dollar 25-coin rolls on August 18, the same day as the Federal Reserve Bank started distributing them into circulation.
Another Mint product to feature Hayes this year was the Hayes Presidential $1 Coin & First Spouse Medal Set that launched on September 22.
In the Presidential $1 Coin series, four past presidents are honored each year. Beginning in 2007, the first designs featured images of George Washington, John Adams, Thomas Jefferson and James Madison. The next four dollars in 2008 celebrated James Monroe, John Quincy Adams, Andrew Jackson and Martin Van Buren. The 2009 issues honored William Henry Harrison, John Tyler, James K. Polk and Zachary Taylor. The 2010 dollars depicted Millard Fillmore, Franklin Pierce, James Buchanan and Abraham Lincoln.
2011 $1 coins started with the release honoring Andrew Johnson on February 17 and Ulysses S. Grant on May 19. One more Presidential dollar will follow this year. The James Garfield $1 Coin is expected to enter circulation on November 17, and his Presidential Dollar Coin Cover is scheduled to launch on December 29. The upcoming release dates are subject to change per the Mint.
Hayes $1 Mintages
Production of Presidential dollars are intended for use in daily transactions, and the United States Mint published the Hayes $1 mintages last month. The coins have a combined Philadelphia and Denver mintage of 74.48 million, which happens to tie them with the Millard Fillmore coin for the third least produced in the series. Their combined mintage trails behind the 2011 Andrew Johnson $1 at 72.66 million and the 2010 James Buchanan $1 at 73.36 million.
Order Coin Covers from US Mint
The coin covers may be purchased directly from the United States Mint website at:
In addition to the $19.95 price, a domestic order is charged a $4.95 shipping and handling fee. No household limits are in place, meaning buyers can order as many as they like.
The covers may also be ordered using the Mint’s toll-free number, 1-800-USA-MINT (872-6468). The Mint indicates it expects shipping to take one to two weeks, which usually means the product is in stock.