Pricing for Numismatic Hot Springs 5 oz. Silver Coin
The US Mint has provided pricing information on the upcoming Hot Springs 5 Ounce Silver Uncirculated Coin. This is the first of the numismatic or collector versions of the America the Beautiful Silver Bullion Coins.
The price is set at $279.95. The Mint cautions that as with all products containing precious metals, the price is subject to potential change.
Based on a silver price of $40 per ounce, this represents a premium of 40% above metal value. As expected, this is higher than the maximum 10% premium that the US Mint imposed on their authorized purchasers for sale of the bullion versions.
It's interesting to note that the price set by the US Mint is right around the secondary market prices currently being paid for the bullion versions. Recently completed auctions show basic 5 coin sets selling for around $1,400 each, which works out to $280 per coin. (Higher prices are paid for coins which have received high grades or special designations from the grading companies.)
The 2010 numismatic issues will have mintages of 27,000 per design, include the "P" mint mark, and have an uncirculated finish created through a vapor blasting technique. The Hot Springs design is scheduled to go on sale April 28, 2011. The remaining designs will presumably go on sale separately, at later dates.
Labels: America the Beautiful Quarters