2010 Hot Springs National Park 5 Ounce Silver Uncirculated Coin
Tomorrow April 28, 2011 at 12:00 Noon ET, the United States Mint will begin sales of the 2010 Hot Springs National Park 5 oz. Silver Uncirculated Coin. This is the first numismatic version of the America the Beautiful Silver Bullion Coins to be released.
The coins are struck in 5 troy ounces of .999 fine silver and have a diameter of 3 inches. The weight and fineness are indicated on incused edge lettering. The designs for the coin are identical to the circulating quarter dollar and the previously issued 5 oz silver bullion version.
These numismatic versions carry the "P" mintmark for Philadelphia and feature a brilliant uncirculated finish. The coins are encapsulated and placed in a presentation case with a certificate of authenticity. The mintage is limited to 27,000 coins, which is less than the 33,000 mintage for the bullion version.
The price for each uncirculated 2010-P Hot Springs 5 oz. Silver Coin will be $279.95. This represents a premium about $46.35 or 19.84% above the metal value based on a silver price of $46.72 per ounce.
Notice of the product pricing was officially published on April 18, when the market price of silver was less than $43 per ounce. As the price of silver subsequently moved towards $50 per ounce, there was some speculation as to whether the US Mint would be forced to increase the product price. However, so far, there has been no indication that the price of $279.95 will be changed.
The US Mint will impose an ordering limit of one coin per household. This limit will remain in place for at least the first week of sales, after which point it may be extended, increased, or removed.
With a limited mintage and considerable interest from collectors. A sell out is widely expected. The main question is how long will it take?
The last rapid sell out for a "one per household" US Mint product was for the 2009 Lincoln Coin and Chronicles Set. This product was limited to 50,000 units and priced at $55.95 each. By 5:00 PM ET on the first day of availability, the US Mint had sold 29,919 sets. It took until the following day at 6:00 PM ET (30 hours of availability), for a complete sell out of all 50,000 units.
The product page for the 2010 Hot Springs National Park Five Ounce Silver Uncirculated Coin can be found on the US Mint's website here. Ordering options will not be available until the official start of sales tomorrow at 12:00 Noon ET.
2011 America the Beautiful Silver Bullion Coins
Earlier this week, the US Mint made the first two designs of the 2011 ATB Silver Bullion Coins available to authorized purchasers. The bullion releases for this year will have significantly higher mintages than the previous year. The initial mintage level has been indicated at 126,500 for each of the first two designs, with a goal of maintaining at least this minimum mintage level for the following three designs.
On the opening day of availability, US Mint authorized purchasers placed orders for 153,400 coins. Each authorized purchaser was limited to a specific allocated quantity and could only purchase the 2011-dated bullion coins if they certified that all prior year coins were sold in accordance with the special terms and conditions imposed.
Labels: America the Beautiful Quarters