2011 America the Beautiful Silver Bullion Coins
While the numismatic versions have dominated collector attention, the United States Mint continues to release the bullion versions of 2011-dated America the Beautiful Five Ounce Silver Coins. After the first two designs quickly sold out, the third design has lingered, as the four design prepares for release.
Since these are bullion coins, they are distributed through a network of authorized purchasers (APs) and not sold directly to the public. The APs are able to purchase the coins from the Mint in bulk quantities based on the market price of silver plus a mark up of $9.75 per coin. The coins are then resold to other dealers and the public.
The US Mint began accepting orders for the first two designs for this year featuring Gettysburg National Military Park and Glacier National Park on April 25, 2011. The Mint indicated that an initial quantity of 126,700 coins for each design would be made available via allocation.
By the end of April, the APs had ordered 225,400 of the coins across both designs, representing almost 90% of the total quantity available. The US Mint announced a complete sell out of all 253,400 coins on May 16.
The following design featuring Olympic National Park was first available for ordering on May 23, 2011. By the close of the month, APs had ordered 73,400 coins, representing about 58% of the total quantity available. According to the latest available information, no further sales have been recorded for the current month to date.
Next week on June 20, 2011, the US Mint will begin accepting orders from authorized purchasers for the next design featuring Vicksburg National Military Park. Once again, the initial quantity available will be 126,700 coins. It seems possible that the pace of orders may be even slower than the prior release.
The slow down in sales for the five ounce silver bullion coins may be the result of a combination of factors. The significant increase in the quantity available is likely having an impact, as it takes investors and collectors time to absorb the supply. Collectively, all five of the 2010-dated bullion releases had production of 165,000 coins. Sales for the 2011-dated coins have already more than doubled this amount.
The turbulence in the silver market may have provided a boost to earlier sales. When the first two designs of 2011 were released, the price of silver was reaching new highs and physical silver inventories were getting tighter. The popular American Silver Eagles were in short supply as the US Mint continued to ration quantities, driving increased premiums on the secondary market. At the time, the America the Beautiful Silver Bullion Coins presented a great alternative to acquire physical silver.
Two months later, the US Mint managed to increase the number of American Silver Eagles available by adding production at the San Francisco Mint. This seems to be having an impact on the market, as shown by a decline in premiums charged by bullion dealers. With both silver bullion options on more equal footing, some may be turning back to the traditional Silver Eagles.
Seasonality may also be having an impact. Precious metals sales have generally showed a decline in activity during the summer. For the past two years, Silver Eagle sales have shown incremental declines in the summer months, with a rebound in demand starting in October.
What will be the long term level of demand for America the Beautiful Silver Bullion Coins? The number of coins struck for 2010 was certainly too low at 165,000 coins (825,000 ounces). This year production across all five designs will be 633,500 coins (3,167,500 ounces) if the US Mint continues to make the same quantity available. This would be a little less than one-tenth the number of Silver Eagle bullion coins sold last year.
Update: The US Mint has scheduled the release of the next two numismatic versions of the America the Beautiful Five Ounce Silver Coins. Grand Canyon National Park will be released on June 29, 2011 and Mount Hood National Forest will be released on July 28, 2011.
Another update: The US Mint just posted a video on ATB Silver Bullion Coin production on YouTube. I will embed below or check it out here.
Labels: America the Beautiful Quarters
posted by Mint News Blog @ 7:39 AM
82 Comments:
Thanks, Michael for covering my favorite coin!
I bought the 2010 set, 2 of the 2010 Mint coins, 2 of the 2011 bullion coins and I'm declaring myself out of the race at this time.
Too much money tied up in silver.
Thanks for the update. I poured all my discretionary funds into buying the 2010 bullion from each of the AP's. I have seven sets. I am down for the 2010 numismatic coins and then I'm tapped. Enough money in silver for me not counting what I already owned prior.
I'd thought about trying to buy both the bullion and numismatic versions, but I just don't have the money. I've passed on the bullion (especially since I wasn't able to get my hands on a 2010 set) and am just going to focus on the numismatic versions. I might pick up bullion versions of designs I especially like such as Chickasaw or Vicksburg.
I got my 2010 a.t.b. numismatic coin yesterday yosemite and it has two white spots on the obvers. The mint says I can send it back but I mite not get another.
Great video clip!
I got the Hot Springs numismatic and all the bullion coins but I dropped out of the numismatic coins. I Can't justify the expense.
it looks like 2011w american eagle uncirculated silver dollar might cost us around $54.95. proof version is $59.95 and the uncirculated medal is $56.95.
Remember the Maine...
Why not another coin to "Remember the Maine"?
Olive Oil
I'm just shootin' for the 2010 unc. set for now. After that its wait and see on how many the mint produces on the 2011's and the sales pace. If they keep the numbers low like the 2010 unc's then I will try to stay in. If numbers around 50 large and greater on 2011 unc production I will probably pick and choose based on parks I have visited.
Well, that video explains all the rim dings and the finger prints on my ATB Bullion Coins...
I am not sure you could consider the total number of the 2011 ATB (633k coins, 3M+ ounce) as low mintage. But it is surely a way to quickly load up your porfolio with silver. The 2010 and 2011 will be one shot deal for me unless the silver price drop drmatically.
"...once in a blue moon..."
Really?
the video shown how unprofessionally the mint employees holding the coins without using gloves.
they should fire those people.
yes. once american pulls their head out of the sand. people in this country needs to understand the potentials and turns the country around.
Enjoyed the video! Thanks. The US Mint puts out excellent products and has my full support!
"Well, that video explains all the rim dings and the finger prints on my ATB Bullion Coins..."
That's right, they're BULLION coins. Not numismatic products. A definition by The National Economic Stabilization and Recovery Act--"Precious metal bullion: Any refined precious metal, such as gold, silver, platinum, and palladium, which is in a state or condition where its value depends primarily upon its precious metal content and not its form." Get over it.
To "That's right, they're BULLION coins. Not numismatic products. A definition by The National Economic Stabilization and Recovery Act--"Precious metal bullion: Any refined precious metal, such as gold, silver, platinum, and palladium, which is in a state or condition where its value depends primarily upon its precious metal content and not its form." Get over it."
Hey...I wonder why sooo many people have reported dings and other imperfections on their numismatic ATB's.
Again, I'll take a bullion MS69DMPL over the sacred numismatic version in a SP70 grade ANY DAY....get over THAT!!
Credit card bill cycle hasn't even closed yet and here comes another $285 for the Grand Canyon ATB. Tried to keep up with the gold spouse + the ATBs. Not sure which will happen first: divorce or bankruptcy.
At 4:51 p.m., "Not sure which will happen first: divorce or bankruptcy."
If given the choice, take the divorce; the freedom is great. Given the ultimatum to choose between the wife and the coin collection...well, I'm gonna miss her.
Hee hee. My wife trusts my judgement when I buy all of this stuff. I sure hope I don't disappoint her...
Any idea how many bullion hot springs have the P mint mark??
None reported in the press as of Fri 06/17/11 8.17 pm CT
did any of you guys have seen a ms69dpl grand canyon from NGC?
Because of the High Price of these coins, I've decided to only invest in the ones I find appealing to me. I figure I'll invest in 2 or 3 coins each year. My regular coin buying habbits eat up most of the rest of my money.
I was suprised to see the 5oz sliding down the shoot and hitting the other coin on the video.
9-11 medals coming out Monday. And it's made of silver, not the usual bronze. For this reason plus the memory of 9-11, I think this medal will do well. Any comments?
I have no fond memories of Sept 11, 2001.
i do not like the finish on the collecters A.T.B. i think the overall quality is poor. can any one tell me where i can read about the way this new finish is done.
Going to buy all of 2010 as those will be the winning set at a later time. As for the rest, Will have to see how much overtime I can get!!!!
that dude needs a new lens. these pucks got damage all over them. maybe his lens is like the mirrors at the mall and make everything magically look perfect. maybe he just goes through the motions and acts like he is doing his job
all this silver now since silver is at record prices for the the nint to sell all this stuff,and back in 2009 they could,nt come up with enough silver for a little old proof eagle. TRULY AMAZING
To "9-11 medals coming out Monday. And it's made of silver, not the usual bronze. For this reason plus the memory of 9-11, I think this medal will do well. Any comments?"
Hi...when you say you think it will do well...what do you mean by that? It may sell fairly well, but with 2 million available, I doubt it will do well as an investment.
I'd thought about trying to buy both the bullion and numismatic versions, but I just don't have the money. I've passed on the bullion (especially since I wasn't able to get my hands on a 2010 set) and am just going to focus on the numismatic versions. I might pick up bullion versions of designs I especially like such as Chickasaw or Vicksburg.
http://www.prudentialbache.com/view/page/prubache/17214
If anyone still wants to purchase the 2010 ATB set,the above web site is that of PB (Prudential Bache) and as far as I know they are taking orders.
Thank heavens for the Bush tax cuts. Quite frankly without them I wouldn't have purchased the complete set of 5 oz. coins in triplicate. Plus I feel good as this purchase helps the lttle man like the janitor who cleans the mint building. My purchase helps pay his salary. So never knock tax cuts. They help the economy.
How many bullion Hot Springs have the P mint mark?? I know there is at least one!!!
"Thank heavens for the Bush tax cuts. Quite frankly without them I wouldn't have purchased the complete set of 5 oz. coins in triplicate. Plus I feel good as this purchase helps the lttle man like the janitor who cleans the mint building. My purchase helps pay his salary. So never knock tax cuts. They help the economy."
And while were at it, let's get rid of those socialist unions blocking the way of business.
"since I wasn't able to get my hands on a 2010 set"
I think they are still available for close to melt from Prudential-Bache.
You have to open an account with them and pay another company $65 to ship them but I got a set from them and they are nice. Probably not cherry picked since they are only a bullion dealer, not a coin dealer.
How many bullion Hot Springs have the P mint mark?? I know there is at least one!!!
And you know this how??? I think we'd of heard about it by now.
Oh, btw, my numismatic version didn't have a mint mark
Watch the video at the 2:48 mark they show the bullion version of the Hot Spring with a P mintmark!!
...And you know this how??? I think we'd of heard about it by now...
It's in the video clear as day! That's how.
And you know this how??? I think we'd of heard about it by now.
Oh, btw, my numismatic version didn't have a mint mark
I love how people don't have a clue and think that they know everything. Your numismatic version has a mint mark and you think your being funny.
Hi Michael,
Do you have a Facebook page? I'd really like to see you on Facebook.
Let's all be thankful for a President like George W. Bush. If it weren't for his philosophy about lower taxes for those who earn $250K and more and about fighting two wars (Iraq and Afghanistan), then we would be in much better shape financially. And because we are so deep in the red, the value of precious metals has gone up ($$). So hats off to Mr. Bush and the Republican Party for their efforts.
Sarah Palin in 2012....
I bought the first 2 burnished ATB coins from the mint. But no more. They sell for $280 and melt value is $180. To break even on the melt value, silver would need to be near $60/oz. On the other hand, the bullion coins, or regular strikes, are selling for the typical $3-5/oz. premium. That's the way to go if you like silver pancakes :)
Guys, we've had a hice long streak on MNB of restraining all of our political hate for "the other side"... can't we keep that streak alive atleast until 2012?? Come on!
It's not like any of us will ever change each others minds.
To Anon June 18, 2011 9:29 AM:
Is this the best you can do? It's not even coin related. When you post something like this, at least 50% of people can say that Obama not only didn't end fighting in Afghan and Iraq, but started a THIRD war with Libya and also put us over $3 trillion more in debt. Go to some other site to spew your blather.
For what it's worth Obama doubled down on Afghanistan and near tripled our troop level there. And he kept the Bush tax cuts in place not letting them expire despite campaigning on the exact OPPOSITE position. He took Bush era uncontrolled spending and put it on steroids destroying our currency to put it mildly.
Obama in 2012 is a win for PM's!
Ok, I'm done feeding the Internet troll!
To SunTzu June 18 11:06
Obama win in 2012 is a win for PM.
Yes, Obama in 2012 is win, win, win.
Win for PM,
Win for hyperinflation and cheap dollar,
and big win for the union.
To "P" or not to "P"
Seriously!! For those 3 or 4 who haven't figured it out yet, the simplest answer ends up being the right answer.
The Mint video shows a very brightly finished, 5 oz ATB-P Numismatic Coin that has yet to go through the post-strike surface treatment in a different part of the facility. No shiny, 5 oz Bullion issues with the "P"; no media blasted, 5 oz Numismatic issues without the "P."
Although I have collected both issues I tend to wonder about the mintage of the Ps. The question is and will remain of which year and which issue will ultimately be the lowest mintage based on popularity. I see this series becoming much like the FS coin. There will be an issue that sells a lower mintage in my mind. The question is which one will it be? History always repeats when it comes to mintage and popularity.Even though the 2010 sets may be the lowest mintage to date. There will be a lower mintage. The best part of my risk at this point is knowing that first issues usually always hold values. I can only hope that I get even luckier throughout the whole series. I'm in for the long haul with both Ps and bullion versions. Good luck to all who decide to do the same.
...The Mint video shows a very brightly finished, 5 oz ATB-P Numismatic Coin that has yet to go through the post-strike surface treatment...
June 18, 2011 3:08 PM
Not to split hairs, but the guy holding the coin indicates that: "this particular coin is the BULLION version of the very first design of the program."
That's why people are saying this. So if he's wrong, it was a poor edit job by the Mint who should have caught that, not us.
I agree with commenter 3:20. At first I thought the 2011 and beyond 5 oz ATB unc's would sell at least 50 large or a little more assuming the mint would go that high. Now I'm not so sure. These things cost what a 1/4 oz gold coin went for a few years ago.
I could see them performing like the FS's and start to dribble down in sales. They are expensive for silver and I believe silver is goin' up. As for me I'll be pickin' and choosin' probly just gettin' the parks I have visited. Thats about a third of the remaining batch.
To 9:29.... Re: tax breaks for those making 250k you make the assumption that money magically appears. Maybe, just maybe some of those making 250k took out loans and spent years in higher education working our but off to EARN that money. You should thank us so for paying for everyone else's unemployment checks and food stamps. We need a flat tax so everyone gets to know what paying taxes is like.
The democrats have fooled everyone into believing in mediocrity and doing less, not more. Enjoy the golden goose taxpayers now until we all leave the country with our hard earned money and the takers are left wondering what happened to all the handouts.
Thank you anno 5:36pm
Please also tell the folks that you pay about 50% of fed+state tax. If you live in the great states of CA, NJ, NY, CT and many others, you need to buy a reasonable house that may cost you about 1M plus 20K of property tax to support your local government. You need to save 10% (may be 20%) in your 401K to support your retirement. You also need to send your kids to good school to support the american dream. YOU ALSO SPEND A LOT OF MONEY TO BUY GOLD COINS FROM THE MINT. The list goes on and on.
It is fair to pay high taxes since you are in the top 5% high earner. You are the golden goose. One should remember NEVER KILL THE GOLDEN GOOSE.
I think there will be much lower "sales" in future years of the numismatic ATB just like the FS coins.
To me, that's what makes the 2010 bullion ATB's the ones to collect. The 2011's already have mintages of 126,500...the 2010 bullion WILL be the key year...the same can not be said for the numismatic version.
in the near future. only 2010 bullion and 2010p hot springs will be the key to all these 5 oz series.
Can someone explain why the bullion ATBs have proof finishes while the numismatic comes in an unc only version? I think the mint should offer its version for $279 (plus shipping) in a proof finish. Is there any law saying they can't do this?
I agree that the 2010 bullion and US Mint 5 ounce ATB P silver coins and the 2011 W UNC $50 gold eagle will sell more than their original sales prices. But I am skeptical if their return on investment (ROI) will be high.
The 2008-W $50 proof gold Buffalo increased by 3 - 4 times from its sales price. That's a fair ROI.
Can we expect the ATB P 5 ounce P silver coins to sell at a comparable ROI -- from $800 - $1000? Or the 2011 W Unc gold eagle to sell from $5500 - $6900? I am highly skeptical.
That one coin at 3-4 times is a fluke. You almost never get that. Many Mint issues sell for less that issue price unless they have silver or gold and it goes up in price.
Years ago even gold proofs regularly sold for melt which was lower that the issue price.
I think the silver and gold will keep going up while the dollar gets worthless, so those coins will go up, but don't expect much extra numismatic profit.
"To me, that's what makes the 2010 bullion ATB's the ones to collect. The 2011's already have mintages of 126,500...the 2010 bullion WILL be the key year...the same can not be said for the numismatic version."
You got a good point here. People will continue to invest in the metal, but the numismatic version will certainly find lower mintage sometime in the near future.
The economy is on the mend, however gradually. I think both the bullion and numismatic versions are desirable. If the price of Ag falls there will be high demand for both types if the mint adjusts its prices accordingly.
I believe we are all unanimous -- US Mint coins, in general terms, do not appreciate much in value (e.g., commemorative silver coins) unless the price of precious metals go up. Or unless there is a fluke, like an unexpectedly low mintage. That leads to just a handful of scarce and desirable US Mint products.
Certainly not worth the chance of buying most US mint products in the hopes of getting one or a few scarce items. That is, unless you're a flipper who buys and rushes to get coins certified in the hopes of getting a perfectly graded coin (e.g., MS70).
$279.95 for 5 oz numismatic uncirculated version silver coin. when the 2011w ASE unc one ounce silver dollar come out. it will cost us somewhere between $54.95 to $56.95 each. simply divided $279.95 by 5.
remember the one ounce proof version ASE cost us $59.95 and the 9-11 one ounce uncirculated silver medal cost us $56.95.
in other words. all 2011 silver coins prices already set well ahead in advance. and the rise and fall of spot silver can not affect those prices already set. 2012 will be different.
first spouses retail prices up again....
2008w- 1,600.00- eliza proof
2008w- 1,500.00- eliza unc
2008w- 1,425.00- louisa proof
2008w- 1,500.00- louisa unc
2008w- 1,900.00- v buren proof
2008w- 1,975.00- v buren unc
2008w- 1,800.00- jaskson proof
2008w- 1,850.00- jackson unc
2009w- 1,525.00- anna proof
2009w- 1,600.00- anna unc
2009w- 1,550.00- letitia proof
2009w- 1,650.00- letitia unc
2009w- 1,975.00- julia unc
2009w- 1,400.00- sarah proof
2009w- 1,600.00- sarah unc
2009w- 1,425.00- margaret proof
2009w- 1,375.00- margaret unc
2010w- 1,325.00- abigail proof
2010w- 1,400.00- abigail unc
2010w- 1,350.00- jane proof
2010w- 1,275.00- jane unc
2010w- 1,325.00- buchanan proof
2010w- 1,300.00- buchanan unc
"in other words. all 2011 silver coins prices already set well ahead in advance. and the rise and fall of spot silver can not affect those prices already set. 2012 will be different."
I don't think so. If silver drops to $10/oz. or so, this year's silver coins will probably sell for close to that. That's how it usually works. But I think it is more likely to go to $100 than to $10, so I'm buying all I can. At least it can never be worthless like General Motors or Lehman Brothers or Countrywide stock.
a few demonstrations worth 150 billion dollars. Not a bad deal at all for Greece ECB just prints another 200 billion euros to help their banks. China raises its rate to cool off the inflation, but what are they going to do with all the reserve. it doesn't seem that the global silver and gold prices are going to drop.
To the anon on June 18, 3:27 am
You can find a description of the technique here in the third paragraph: http://www.pcgs.com/articles/article_view.chtml?artid=6784&universeid=313&type=1
Please note that the former incarnation of the technique, sandblasting, has been used for a long time and was in the making of things such as the rare proof peace dollars from the early 20's, this isn't something the Mint made up out of the blue and slapped a "proof" tag on.
Also, to be honest, I like the bullion AtBs much less because the finish seems to do more to conceal the details than anything else. The coin has an almost washed-out look. I'd have preferred they just give it an actual proof treatment.
Have you been in Innsbruk Austria, where it hosted 1964 and 1976 winter olympic. It is full of gold coin shops. The way the Europe is going- greek doesn't want to pay what they owe, whereas french and german don't want to pay the debt for greece, everyone would be buying gold coins for fear of euro devaluation.
In the listing for first spouse retail prices, I do not see a price for 2009w julia proof. What is the price?
2009w-- 1,975.00-- julia proof
2009w-- 2,200.00-- julia unc
sorry.
Where are you getting these FS prices? Are they for raw coins or certified?
Where are you getting these FS prices? Are they for raw coins or certified?
Likely ebay BIN prices. Only a very few people care about the FS series now, and those that do are trying to get others interested to help justify/rationalize their paying for overpriced bullion.
Accurate current values for coins are better reflected in what the coins are actually purchased for on eBay not the BIN price. If you are hanging your hopes an eBay BIN price then you may be BSing yourself and a few others who read your posting of BIN price and assume thats a current value. And for that matter ebay sale price might even be high because of the vast number of people who don't know you can by coins from the mint or from coin dealers.
Basically its best to check coin prices from various sources. You may be just as likely to "steal" one on eBay as well as get "robbed." Supposedly the best source of coin values is in the Coin Red Book which I don't think is online yet. Bottom line: A coin's value is only what someone else is willing to pay for it.
As a collector I rarely watch these hyped up values. The BIN prices I have seen are highly embellished values as are the values stated in the PCGS pricing guide. In both cases sellers are "hoping" to nab the the one foolish individual who wants to part with his/her money, and not give a thought to reason. Just think about the the initial craze for the 2010 5-Oz ATB bullion. Typically I have seen coins sell as low as 1/3 the price or less stated in the PCGS guide. One should be very-very careful about this. Also keep in mind that PCGS sets prices based on their skewed vision of grading stats. For example, with all the multi-billions of cents out there, if PCGS has graded only a handful and say 10 of them are at MS69, they "establish" a value thousands of dollars for these very questionable rarities. If you are purchasing to sell based on hyped up numbers you may end up tying up a lot of funds needlessly.
I would ask myself if I were buying totally inflated spot price and the Mint numismatic price. We are all in this sucker game by buy something (absolutely inflated) and hope that there are other suckers that will buy from us (suckers). Quit whinning about the inflated ebay or PCGS prices.
i looked at coins on ebay. ifound them to be at full retail or more. about the a.t.b.s i payed 1008 deliverd for the five 2010s. i can get 1500 for it now. icant say that about my uncs.
Buy it now prices mean nothing! ANyone can ask anything and most BIN prices are too high, hoping for some fool
Go to advanced search and put in a coin and check the box "completed auctions" and you see what people have been paying the last 2 weeks.
BIN = hype plain and simple. Crude attempt to make easy money by targeting unaware buyers. First few sales of the 5-Oz ATB netted thousands. Wonder how those buyers feel now? They lost BIG! Classic case of attaching rarity premium to coins rather than letting them appreciate up to real value and demand spread over time.
It doesn't help that eBay requires the BIN prices for auctions to be at least 10% higher than the opening bid amount now. Gone are the days when you could make the BIN price a penny more than the opening bid to nab a buyer quickly. That whole thing arose when eBay got tired of the smart sellers using the auction format (which had a much lower final value fee percentage than the "fixed price" format at that time), and paying just a small fee for the BIN option. They wanted sellers to use the "fixed price" option and pay the larger final value fee, so they made it harder to have sucessful BIN sales in the auction format.
It's pretty much a moot point now, since the final value fee has been totally re-vamped. For auctions, it's a flat 9% up to a $100 cap (recently raised from a $50 cap.) That's why I'm shifting sales from "the 'Bay" to other sites such as Webstore that has no fees at all. It might take longer to make a sale there, but when you do you can save a bundle in fees. I recently sold some coins there and saved myself the $63 fee eBay would have charged. The buyer used PayPal to pay for it too, so eBay knows what happened. Ha ha. Stick in the knife and twist it! That'll teach them to be greedy.
To 4:26pm.
You are correct and we all remember when the ATBs bullion went on sale, those sets were selling between $3,000-$4,000 easily on Ebay. Those buyers must be feeling quite stupid now that the same sets can't sell for more than $1,300 on Ebay. I am sure someone made a lot of $$$$
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