The 2014-P Herbert Hoover Presidential Dollar stands as a significant piece for numismatists, commemorating the 31st President of the United States. This coin is part of the U.S. Mint’s Presidential $1 Coin Program, which honors former presidents by issuing unique dollar coins.
Overview of the 2014-P Herbert Hoover Presidential Dollar
Released on June 19, 2014, the Herbert Hoover Presidential Dollar was minted at the Philadelphia Mint, denoted by the ‘P’ mint mark. The coin’s obverse features a portrait of President Hoover, designed by Phebe Hemphill, with the inscriptions “Herbert Hoover,” “31st President,” and the years of his term, “1929-1933.”
The reverse, crafted by Don Everhart, showcases the Statue of Liberty alongside the inscription “$1” and “United States of America.” The coin’s edge is inscribed with the year of minting, the mint mark, and the inscriptions “E Pluribus Unum” and “In God We Trust.”
Specifications
| Specification | Details |
|---|---|
| Composition | 88.5% Copper, 6% Zinc, 3.5% Manganese, 2% Nickel |
| Weight | 8.1 grams |
| Diameter | 26.5 millimeters |
| Edge | Lettered with inscriptions and mint mark |
| Mintage | 4,480,000 (Philadelphia Mint) |
Mintage and Availability
The Philadelphia Mint produced 4,480,000 units of the Herbert Hoover Presidential Dollar. These coins were not released into general circulation but were made available through the U.S. Mint’s numismatic programs, including rolls, bags, and collector sets.
This approach was due to the suspension of the circulation release of Presidential Dollars in 2011, following a surplus of dollar coins in federal reserves.
Collectibility and Value
In circulated condition, the 2014-P Herbert Hoover Presidential Dollar holds a face value of $1. However, uncirculated specimens, especially those graded MS65 or higher, can command higher prices in the collector market. As of recent data, an uncirculated coin with an MS65 grade is valued at approximately $9.69.
Coins with higher grades, such as MS67, have fetched auction prices up to $130. Proof versions, identifiable by their mirror-like finish and produced at the San Francisco Mint (bearing the ‘S’ mint mark), are also sought after by collectors.
Design Details
- Obverse: Features a detailed portrait of Herbert Hoover, capturing his likeness during his presidency. The inscriptions provide clear identification and context, making it a fitting tribute to the 31st President.
- Reverse: Depicts the Statue of Liberty, symbolizing freedom and the nation’s ideals. This design is consistent across the Presidential Dollar series, maintaining uniformity while honoring individual presidents on the obverse.
Edge Lettering Positions
An interesting aspect of the Presidential Dollar series is the edge lettering, which can appear in two orientations:
- Position A: Edge lettering reads correctly when the obverse (portrait side) is facing up.
- Position B: Edge lettering reads correctly when the reverse (Statue of Liberty side) is facing up.
Both positions occur randomly during the minting process and are of equal rarity. While some collectors may have a preference, the orientation does not significantly impact the coin’s value.
Collecting Tips
- Condition: Aim to acquire coins in the highest condition possible. Uncirculated coins with higher Mint State (MS) grades are more desirable and can appreciate in value over time.
- Proof Coins: Consider adding proof versions to your collection. These coins are struck with special dies, resulting in a sharp, mirror-like finish that enhances their visual appeal.
- Storage: Store coins in a controlled environment to prevent tarnish or damage. Using protective holders or capsules can help maintain their condition.
The 2014-P Herbert Hoover Presidential Dollar is a noteworthy addition to any coin collection, offering both historical significance and numismatic value. Its limited mintage and the cessation of dollar coins in general circulation make it a unique piece commemorating a pivotal era in American history.
FAQs
Why was the 2014-P Herbert Hoover Presidential Dollar not released into general circulation?
Due to an overabundance of dollar coins in federal reserves, the U.S. Mint suspended the release of Presidential Dollars into general circulation in 2011. Subsequent coins, including the 2014-P Herbert Hoover Dollar, were produced specifically for collectors.
What is the significance of the edge lettering on the Presidential Dollars?
The edge lettering includes the year of minting, mint mark, and inscriptions “E Pluribus Unum” and “In God We Trust.” This feature adds a unique aspect to the coin, distinguishing it from other U.S. coinage.
How can I determine the mint mark on the 2014 Herbert Hoover Presidential Dollar?
The mint mark is located on the coin’s edge, along with the year and inscriptions. For the 2014-P version, the ‘P’ indicates it was minted at the Philadelphia Mint.
