The United States Mint has released numismatic products containing circulating quality 2014 Herbert Hoover Presidential Dollars. Since distribution for the Presidential $1 Coin Program to the channels of circulation was suspended in late 2011, these numismatic products are the only source for obtaining new releases of the series.
The Herbert Hoover Presidential Dollar represents the third release of the series for this year and the thirty-first release of the series overall. The continuing program honors the Nation’s former Presidents by issuing $1 coins featuring their likenesses released in the order they served in office.
The obverse design of the latest coin features a portrait of Herbert Hoover designed and engraved by Phebe Hemphill. The inscriptions include the President’s name, the motto “In God We Trust”, the order of the Presidency “31st President”, and the dates of the term “1929-1933″. On the reverse is a rendition of the Statue of Liberty designed by Don Everhart. Inscriptions include “United States of America” and the denomination of “$1″. On the edge of each coin is the date of issue, mint mark, and motto “E Pluribus Unum”.
Products available from the United States Mint include circulating quality examples of the coins from the Philadelphia or Denver Mint facilities, carrying the “P” or “D” mint mark. The 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. The wrappers for the rolls or tags affixed to the bags indicate the President’s name, the mint mark of the coins, and the face value of the contents.
The United States Mint has not indicated any maximum mintages or household ordering limits for the products. It has been indicated that the products will remain available for one year from the initial on-sale date or until inventory is depleted at any earlier date.
The next release for the Presidential $1 Coin Program featuring the 32nd President of the United States Franklin D. Roosevelt is scheduled for release in August.