Mint News Blog

News, Information, and Commentary on US Mint Products

Wednesday, July 20, 2011

Yosemite Five Ounce Silver Coins on Waiting List (Again)

A waiting list notice has once again been posted on the US Mint's online product page for the 2010-P Yosemite National Park Five Ounce Silver Uncirculated Coins. The notice had been posted nearly one month earlier, but it turned out to have been posted in error.

This coin represents the third numismatic release for the America the Beautiful Five Ounce silver Uncirculated Coins. Sales began at the US Mint on June 9, 2011. By June 12, sales had reached 20,511 units, followed by a report of total sales of 23,104 by June 19.

On June 23, 2011, a waiting list notice was posted, indicating that orders had been received to meet the entire 27,000 mintage. The notice remained in place for nearly two weeks, likely deterring some collectors from placing additional orders.

On July 8, the US Mint removed the one per household ordering limit that had previously been in place. A few days later on July 11, the Mint removed the waiting list notice. An inquiry to the Mint revealed that the waiting list notice had been posted in error and removed as soon as the issue was discovered.

Without the notice or the household ordering limits, the remaining quantity of coins was ordered by collectors in a little over a week.

At this time, the fourth release featuring Grand Canyon remains available for sale, although it is still subject to the one per household ordering limit. Sales have reached 22,026 units as of the most recent sales report.

The fifth release featuring Mount Hood is scheduled to go on sale next week July 28 at 12:00 Noon ET. The price will be the same as previous releases at $279.95 and the one per household ordering limit will be in place for the start of sales.

In related news, a new variety has been identified for the Grand Canyon Five Ounce Uncirculated Coins. Louis Golino has a discussion of the news and other series developments at Coin Update News.