The United States Mint anticipates it will produce up to 500,000 America the Beautiful 5 oz silver bullion coins this year.
An exact date has not been provided for their release, although U.S. Mint spokesman Michael White said on August 11 that they expected to begin producing the 3-inch diameter, .999 fine silver coins in the fall.
The timetable is a bit behind prior estimates. The Mint’s preliminary schedule provided to CoinNews.net in April forecasted that this year’s five different designed 5 oz silver coins would debut in staggered intervals beginning later this summer.
As U.S. Mint Director Ed Moy described earlier in the year, part of the delay has been in developing a process to inscribe the fineness and weight on the edge of each coin. The special design element is mandated by the America’s Beautiful National Parks Quarter Dollar Coin Act, which was signed into law by former President George W. Bush in December 2008.
The challenges of incusing the edges, which are particularly thin due to the required bullion coin diameter and weight specifications, have been overcome with the help of a newly purchased coin press that was designed to strike larger coins. White said the development work on the 5-ounce silver blank is completed, and that the final specifications have been sent to their suppler, Sunshine Minting, Inc. in Coeur d’Alene, Idaho.
White said an order will be placed with Sunshine "in the next few days," adding that the Mint will be seeking final approval from the Secretary of the Treasury on the exact mintage figures.
The America the Beautiful Silver Bullion Coins will be duplicates of the standard circulating America the Beautiful Quarters™, with the exception of their size and ".999 FINE SILVER 5.0 OUNCE" edge letterings. Circulating quarters have a reeded edge — 119 reeds in total, and a diameter of 0.955 inches, or 24.26 millimeters. They weigh just 5.670 grams.
The five quarter-dollars this year that will be replicated in design include:
- 2010 Hot Springs National Park Quarter for Arkansas,
- 2010 Yellowstone National Park Quarter for Wyoming,
- 2010 Yosemite National Park Quarter for California,
- 2010 Grand Canyon National Quarter Park for Arizona, and
- 2010 Mount Hood National Quarter Forest for Oregon
The first three coins were released into circulation earlier this year, with the Yosemite quarter launched just two weeks ago. The Grand Canyon and Mt. Hood quarters will be issued on September 20 and November 15, respectively.
Since the America the Beautiful silver coins are bullion and not numismatic issues, they will be distributed through the Mint’s network of authorized purchasers, similar to the bullion American Eagles and the bullion American Buffalo Gold coins. Director Moy also indicated earlier in the year that there is a potential for proof and uncirculated versions for collectors, but there is no official decision for them at the time of this writing.
The America the Beautiful coins will honor 56 national parks and other national sites with five releases each year until the final issue in 2021. The majority (48) of the sites are national parks. As such, the authorizing law also includes a provision where the National Park Service (NPS) can purchase quantities of the silver coins, and then resell them directly to the public. The NPS has not announced whether they will offer any this year.
Premiums for the 5-ounce bullion coins have not yet been determined by Mint officials.
The 5-oz. object to be struck in .999 silver is not a coin—to be accurate. It is a medal which is not intended to be of a fixed value and is not intended to circulate as money, such as a coin does. I certainly doubt that it will ever carry the words “quarter dollar” or “half dollar” or “dollar” on its surface or even as edge lettering. The word “coin” would make one think that the medal would be used to purchase a loaf of bread and then be deposited in a cash register drawer to be given out as… Read more »
Incorrect, they are called coins because they do have “Quarter Dollar”
as they are replicas of the quarter with the additions described below:
The America the Beautiful Silver Bullion Coins will be replicas of the standard circulating America the Beautiful Quarters™, with the exception of their size and “.999 FINE SILVER 5.0 OUNCE” edge letterings.
Although I wont be buying any bread with one 😉
anyone have a name of a good dealer to purchase these through?
Why waste 5oz. on these medals (coins) when there is such a high demand for the Proof and Uncirculated American Eagle Silver? Mint should make these coins for collectors first!!!
Please, I agree give us the Silver Eagle Series.The best series in decades.If i have to overpay for something at least give us this series back.
rww
The silver eagles are a good thing as they are real and silver too. However, I still want to own a hefty 5-ouncer, and I will.
Haven’t even seen ANY of the Amer. the Beautiful Quarters in circulation at all, so far, as of mid0-August 2010.
I don’t think I will get in on the “hype” of the 5 ouncers. I do want my proof and uncirculated silver eagles back though. What do you think the price tag will be on the 5 ouncers ~ $350 ?
The price for the 5-ouncers will be $91.65 because the Government would want the collectors to get a break for once by selling at the price of spot. Good public relations, that’s what I would call it.
Im giving out 2010 park qtrs for HALLOWEEN I’ll have the first four designs or eight p&d 100 coin bags by then and only need 5 to10 from each p&d bag for my albums & folders let me know if anyone here needs a p&d set at face value (0:
There’s no reason why the mint can’t produce both the new 5oz series as well as enough eagles to satisfy everyone. I, for one, am looking forward to the mint finally having some bullion over 1oz. After all, there is no silver shortage. Just a shortage of blanks.
Right?
[…] set for issue in October. Although it is expected that around then it will begin producing bullion 2010 America the Beautiful 5 oz Silver Coins and possibly have the first one ready for […]
It’s a real shame that the mint would make these 5oz coins instead of the silver eagle proof. But they have to increase the interest on the America the Beautiful series somehow.
[…] coins in September, and expects to strike 100,000 of each of the five 2010 designs for a total mintage of 500,000. They will have greater detail due to their specifications and the employed manufacturing process. […]
Why is the Mint so secretive about the coins it produces.
I can never get any information about when a certain product will be released not withstanding the 5oz Park silver bullion .
Rupert
If the mint really cared about p.r.they would abandon the current bullion program and sell direct to the american public.If the everyday collector(investor ) would boycott this program they might get the point.The so called investors buying at these premiums are just plain stupid
Jerry, You’re statement cannot be correct (The price for the 5-ouncers will be $91.65) Not with silver being around $30.00 an Oz. Do The Math…………..lol AJohn, The Dealers are all selling on Ebay for outrageous prices. Go getcha some ;o) I’m sure the AP’s are selling these in Sets, to the Dealers for around $500.00 and then the dealers are making 200% on ebay. The mint is just as responsible as any of them for price gouging. I have made many phone call to the mint about these sets, and also could not get an Oz of information. lol I… Read more »
The lower mintage (27000) numismatic collector version set’s will be on sale directly from the mint so that we wont have to deal with the seconary market prices on this version just hold off they will be here soon (0;
I’ve heard this as well, (reference to Mark’s comment from 1/7/2011) and that the mint will keep the numismatic version/collector version at 3 3-inch diameter instead of the 2.50 inche diameter, as original stated. It’s pretty interesting to go back and read some of the comments folks posted back last year on the cost of the 5 oz ATB bullion coins and where the prices are now. I’ve read that many of the Dealers purchased set at the most recent coin show in FL for resale. It will be interesting to see what those $$ bring. I’ve noticed the prices… Read more »
In reference to Mark & Vickie. I hate to say it,, but if the Mint does not come up with some way to distribute the Numismatic Version of the set, ie (Full Name, Address, and Ph#, whatever,) the Numismatic Coin will be snapped up by Dealers also. I just wonder what price, the Dealers bought the originals for. I don’t mind people making money, i’m just saying. I will guarantee that the AP’s or Dealer’s know before anyone, when the Mint will release the NV’s. I do wish the Mint would let everyone know at least a few days in… Read more »
I got called this afternoon -1/13- to let me buy the 5 coin 5 oz coin set for 4 grand -more than I want to spend
Sorry folks I just noticed a typo in my1/13 @ 11:02 AM post, I ment to type 3.0 instead of “3 3-inch”. James, by the way, perpahps youn can have the telephone # handy and can make a call when the NV are available. I totally agree with you, the mint will have to come up with a much better way, perhaps now that the Mr. Moy is no longer the Director at the Mint, they can come up with a more efficient way to sell these coins. Was it last summer the Mint’s website went down do to the… Read more »
Dave,
Can I ask if that price (4K) came from an AP or a Dealer?. “That’s Outrageous”
Vanessa, I believe that someone posted that there would be around 27,000 each of the NV’s when they are released. (Thats’s Per Coin).
For everyone else on here, my email address is J3_Dog@yahoo.com if anyone can give me a heads up, the 1st morning or afternnon these are released.
Thanks All…………
Another secondary dealer is taking pre-orders for the set; they had put up a notice on the website of the pre-order a couple of days ago, today I noticed they have listed the price. MS69 – $4,495; MS68 – $3,695 and GEM Uncirculated for $2,695. I had my name on the pre-order list, before I knew the price.
The Gold Center selling update – I found a very interesting article on what happened on January 3rd. This is copied from an article originally printed in Numismatic News entitled “America the Beautiful Bullions Go to “Profiteers” “Jim Hausman of The Gold Center in Springfield, Ill., sold about 600 sets of America the Beautiful 5-ounce silver coins at $975 each on Jan. 3. That should make him a happy businessman, right? Uh, not so much. “These coins were supposed to go to collectors, and they went to profiteers,” Hausman said. And he puts the blame for that right on the… Read more »
One of the United States Mint’s authorized purchasers (CNT) finally put its 2010 America the Beautiful 5 oz silver coins on sale today (March 8, 2011). A buyer was required to call a toll free number between 3:00 p.m. and 5:00 p.m. [EST] in order to purchase the coins. My buddy and I called the number for the complete 2 hour period. We were on separate telephone lines and averaged about 6 calls per minute with redial buttons. This amounts to 4 man hours of calling and a total of 1440 telephone calls. We never got through. This is the… Read more »
Larry, I am so with you!!
I tried for about an hour, with 2 phones; then again from 4:30 til 5:30pm, busy, busy, busy!! I tried about 7:00 pm EST and received a recorded message that said to please check by during 2nd quarter on their updated website: atb.cntofma.com, orders will only be taken on the website for the 2010 ATB 5 piece coin set. It looks like they may have more to sell later.
James, you are quite right on figuring that the 5-ouncers are not going to be sold to the public at bullion price, which was $91.65 back when I estimated that price last year. But who of us numismatists knew the mint would run out of silver, or the cost of silver would run so high, and the mint would act so unfriendly to us as collectors?
Jack Hunt put their ATB 5 oz bullions on sale this afternoon, I think they still have some available. Total is $949.00
2010 ATB 3″5oz Prices 1.MTB of NY $930 shipped 2.Fidelitrade of DE $930 shipped 3.The Gold Center of Ill $975 shipped 4. A-Mark of CA $975 shipped ((Slabed PCGS F/S Gem BU )) 5. Apmex of OK $860 shipped ((Second Round of sales Slabbed PCGS F/S BU or Better)) $980 Shipped C/C $1,008.75 Shipped 6. Jack Hunt of NY $949 shipped ((If your Check was lost you got a PCGS MS-68 Set)) 7. Dillon Gage of TX $937 shipped ((Second round of sales included two A.S.E.)) $1,025 Shipped 8. Prudential of NY $862.70 + S/H ((Storage Complicated ordering processes)) 9.… Read more »
The ATB 5oz silver uncirculated SP70 & the MS69 sets are both a fantastic find! I hope to collect them all 2010 thru 2021.
Bev