H1(R) is a Banach algebra which has better mapping properties under singular integrals than L1(R) . We show that its approximate identity sequences are unbounded by constructing one unbounded approximate identity sequence {vn}. We introduce a Banach algebra Q that properly lies between H1 and L1, and use it to show that c(1 + ln n) ≤ ||vn||H1Cn1/2. We identify the maximal ideal space of H1 and give the appropriate version of Wiener's Tauberian theorem.