At noon today, June 19, the latest release in the Presidential $1 Coin series became available from the United States Mint in rolls, bags and boxes. This dollar, the 31st issued in the $1 program and the third this year, honors Herbert Hoover who was the 31st President of the United States and served from 1929 to 1933.
Previous releases for 2014 were in tribute of Warren G. Harding and Calvin Coolidge. The final release this year will honor Franklin D. Roosevelt.
Designs on Herbert Hoover Presidential $1 Coins
The design of the obverse (heads) side of the coin offers a likeness of Hoover as well as inscriptions that read "Herbert Hoover," "In God We Trust," "31st President" and "1929-1933" for the years he served as commander-in-chief.
Presidential $1 Coins share a common reverse featuring Don Everhart’s rendition of the Statue of Liberty with surrounding inscriptions of "United States of America" and $1.
Dollar coins also feature inscriptions that are incused on their edges. These are "2013," "E Pluribus Unum" and the mint mark "P" or "D" to notate the coin’s mint of origin. Coins with the mint mark "P" were produced at the United States Mint facility in Philadelphia, while coins with the mint mark "D" were produced in the Denver Mint. The edge incused inscriptions on proof quality coins are in the same place on each coin, but on these circulation quality coins the location varies.
Specifications of $1 coins include a manganese-brass composition of 88.5% copper, 6% zinc, 3.5% manganese and 2% nickel. Each weighs 8.1 grams, have a diameter of 26.49 mm, or 1.043 inches, and a thickness of 2.0 mm.
2014 Herbert Hoover Presidential $1 Coins are available in rolls of 25 coins. At a cost of $32.95, they are the cheapest of the three product options. Collectors can order rolls with dollars struck from either the Denver Mint or Philadelphia Mint.
Each is wrapped in white paper that has black edges. Printed on the paper is "United States Mint," "www.usmint.gov," "Herbert Hoover" and "$25." Also, the mint mark of either "P" or "D" is printed on the wrapper.
The wrapping is an automated process so there is no guarantee that all rolls with have a heads and tails side visible.
Hoover dollars also come in bags off 100. These 100-coin bags are priced at $111.95 and are available from either mint facility.
The canvas bags have bold letters reading: "U.S. Mint," "Dollars" and "$100.00."
Attached to the upper left corner of each bag is a tag reading: "2014," Presidential $1 Coin," "Herbert Hoover," "United States Mint" and either a "P" or "D" for the city of origin. Also on the tag is the United States Mint logo.
Finally, 2014 Herbert Hoover Presidential $1 Coins are available in large quantity boxes. 250-coin boxes are available for $275.95 with buyer options of dollars from Philadelphia or Denver.
Boxes have a sticker that reads: "2014 Presidential $1 Coin," "Herbert Hoover," "$250," "United States Mint" and "www.usmint.gov," along with the mint mark of "P" or "D" to notate the mint of origin.
The U.S. Mint offered a 500-coin box in previous years, but they were discontinued late last year due to declining collector interest.
Ordering Herbert Hoover Presidential $1 Coins
$1 coins in rolls, bags or boxes may be ordered directly from the U.S. Mint online catalog with the page for products located here.
There are no ordering limits as collector demand will decide the number of $1 coins minted since they are no longer made for circulation.
With that said, a total of 8.26 million Hoover $1s have been produced, according to the latest U.S. coin production figures. Splits by U.S. Mint facility are 3.78 million from Denver and 4.48 million from Philadelphia. It seems unlikely that these amounts will change based on past sales.
Brief Herbert Hoover Biography
Herbert Hoover, the son of a blacksmith, was born on August 10, 1874 in West Branch, Iowa. He was the first President from Iowa and the first born west of the Mississippi River. His father died in 1880 and his mother passed in 1884, leaving Herbert, his older brother and younger sister as orphans. Both of his parents were Quakers and upon their death, fellow Quaker Lawrie Tatum was appointed as Hoover’s guardian.
In 1891, Hoover entered Stanford University. He claimed that he was the first student because he was the first to have slept in the dormitory. He graduated in 1895 with a degree in geology.
After spending time as a mining engineer and doing some humanitarian work, Hoover declared his candidacy for the presidency in 1920. However, he came up short in his first primary election in California. After this, Hoover began to promote Warren G. Harding for President. When Harding won the election Hoover was offered his choice of Secretary of the Interior or Secretary of Commerce. Hoover chose Secretary of Commerce. While at this post, Secretary Hoover became widely visible with Washington insiders referring to him as "the Secretary of Commerce… and Under-Secretary of Everything Else."
President Coolidge announced in 1927 that he would not be running for office again, leaving Hoover open to run as the Republican candidate. He beat his Democratic opponent in the 1928 general election with 58% of the vote.
In 1962, Hoover had a malignant intestinal tumor removed which led to severe gastrointestinal bleeding. He refused to be hospitalized as the illness progressed. On October 20, 1964, and at the age 90, Herbert Hoover died. At the time he had the longest retirement of any President and was the second longest-lived President after John Adams.