Mint News Blog

News, Information, and Commentary on US Mint Products

Thursday, July 28, 2011

2010-P Mount Hood Five Ounce Silver Uncirculated Coin

Today July 28, 2011 at 12:00 Noon ET, the United States Mint will release the fifth 2010-P America the Beautiful Five Ounce Silver Uncirculated Coin. This issue features Mount Hood National Forest.

The reverse of the coin has a view of Mount Hood with Lost Lake in the foreground and was designed by Phebe Hemphill. The obverse of the coin features John Flanagan's 1932 portrait of George Washington.

These numismatic coins are intended to have a surface finish created through a vapor blasting technique. Some collectors have recently encountered examples which have a "light finish" or which completely lack the finish on one or both sides of the coin. The most frequent reports have come for the Grand Canyon design, although there has been at least one reported discovery for the Yellowstone design. Coin Update recently had an article providing the known information on these errors and varieties. Yesterday, the US Mint released a statement on the inconsistent finishes.

Details of the Mount Hood Five Ounce Silver Uncirculated Coin follow those of the previous releases. Each coin is priced at $279.95, the total mintage is 27,000 pieces, and an ordering limit of one per household will be in place for the start of sales.

Previous releases have seen relatively swift sell outs. In most cases, after the total number of orders received have met the maximum mintage, the US Mint has continued to accept orders for placement on a waiting list. These orders are only fulfilled in the event that coins become available due to order cancellations. Based on the product page of the upcoming Mount Hood coin, the US Mint will use a waiting list again.

Here are time lines summarizing the offerings for the prior four coins in the series.

Hot Springs National Park
April 28: sales begin
May 2: opening sales reach approximately 25,000
May 13: product put on waiting list as orders reach 27,000

Yellowstone National Park
May 17: sales begin
May 22: opening sales reach 24,626
June 1: product sold out, no waiting list imposed

Yosemite National Park
June 9: sales begin
June 12: opening sales reach 20,511
June 23: waiting list incorrectly posted
July 9: ordering limit removed
July 11: incorrect waiting list notice removed
July 20: product put on waiting list as orders reach 27,000

Grand Canyon National Park
June 29: sales begin
July 3: opening sales reach 19,300
as of July 28: last reported sales 22,785, ordering limit remains in effect