great-granddaughter of President Herbert Hoover will join a former
member of the Citizens
Coinage Advisory Committee as the featured speakers for the June
19 release ceremony in West Branch, Iowa, for the 2014 Herbert Hoover
great-granddaughter, Leslie Hoover-Lauble, and former CCAC member
Michael Olson from Pella, Iowa, will address those attending the 11
a.m. Central Time ceremony in the Figge Auditorium of the Herbert
Hoover Presidential Library-Museum, 210 Parkside Drive, in West
Branch. The ceremony is being jointly staged by the Herbert Hoover
Presidential Library-Museum and Hoover Presidential Foundation.
completed a four-year term on the CCAC, having been appointed in 2009
by then House minority leader, and now speaker of the House, John
Boehner. Olson’s tenure included approval on the Hoover dollar obverse.
officially discontinued launch ceremonies for Presidential dollars
following the December 2011 release of the James A. Garfield
Presidential dollar, the last Presidential dollar struck for general
circulation. Since circulation release of Presidential dollars was
suspended effective with the Garfield coin, the dollar coin ceremonies
staged by the Mint were also suspended.
Philadelphia and Denver Mints continue to produce Presidential dollars
in circulation quality, but the coins are no longer distributed
through the Federal Reserve.
circulation-quality Presidential dollars are sold by the U.S. Mint in
bags and rolls as numismatic products, at prices above face value. The
U.S. Mint will begin offering 25-coin rolls ($32.95), 100-coin bags
($111.95) and 250-coin boxes ($275.95) of circulation quality Hoover
Presidential dollars, from both the Denver and Philadelphia Mints,
beginning at noon Eastern Time June 19.
F. Schwartz, director of the Herbert Hoover Presidential
Library-Museum, said June 9 that special arrangements were made with
the U.S. Mint to secure 250 circulation-quality Hoover Presidential
dollars each from the Denver and Philadelphia Mints for a ceremonial
coin pour, a dramatic staple of the U.S. Mint dollar coin ceremonies
before they were discontinued.
first 100 schoolchildren attending the event will receive one of the
coins from the coin pour, Schwartz said.
said the public will have the opportunity to acquire Hoover dollars in
a number of packaging options through special arrangements made with
the U.S. Mint.
will be 100 25-coin rolls each of the Denver and Philadelphia Mint
Hoover dollars; 100 of the regular 14-coin 2014-S Proof sets; and 100
of the four-coin 2014-S Presidential Proof set.
said the available bags, rolls, and sets will be offered at the same
prices as if placing an order directly with the Mint. The regular
Proof set is priced at $31.95 and the Presidential Proof set will cost $18.95.
items will be sold June 19 while supplies last, Schwartz said.
unsold numismatic products, as well as any coins remaining from the
coin pour, will be returned to the Mint for sale, Schwartz said.
obverse of the 2014 Hoover Presidential dollar features a portrait of
the president at about the time he served in the White House, from age
54 to 58. The portrait, based on photographs provided by the Herbert
Hoover Presidential Library-Museum, was designed and sculptured by
U.S. Mint Medallic Sculptor Phebe Hemphill.
dollar’s reverse bears the common Statue of Liberty design inaugurated
Feb. 15, 2007, with the 2007 George Washington Presidential
dollar. The common reverse was designed and sculptured by U.S. Mint Sculptor-Engraver Donald Everhart II.