![]() The actual sales figures for the Grand Canyon issue were reported lower, presumably due to quality issues and/or higher returns. The maximum mintage levels for the 2010-dated coins were lower than the bullion mintages resulting in intense demand.Įach of the 2010-dated issues would sell out of the maximum mintage of 27,000 design initial ordering limits of one per household. These coins carried the “P” mint mark and had a special finish created through a vapor blasting technique. Whereas other issues could be purchased in roll quantities and inventoried by dealers, the 2010-dated coins were all sold one at a time until depleted.įollowing the unusual and sometimes frustrating launch of the series in bullion format, the US Mint would offer the first collector versions of the coins in early 2011. The ordering limit presumably resulted in a wider and more fragmented distribution of the coins. Specifically, authorized purchasers were required to limit the premium to 10% above acquisition cost and place an order limit of only one coin per design per customer. As mentioned, the US Mint had placed special conditions on the sale of these coins. This is perhaps due to the unusual circumstances of the distribution of the coins. The five 2010-dated issues each had mintages of 33,000 pieces, but seem to drive higher secondary market premiums. The mintage lows occur for the 2012 Hawaii Volcanoes and 2012 Denali designs at 20,000 pieces each. The current mintage high for the bullion run occurs for the 2011 Gettysburg and 2011 Glacier designs at 126,700 pieces each. This may portend another increase in production for the coming year. For the current year, production levels were increased, but all issues still saw relatively quick sell outs. The following year, the US Mint reacted by cutting production perhaps too drastically. Following the high demand and limited production for the first year of the series, the US Mint ramped up production in 2011 to high levels which ultimately proved unsustainable. Silver Bullion Coins shows the wide swings in production that have already occurred for the four year old series. Looking over the mintage figures for the America the Beautiful 5 oz. America the Beautiful 5 oz Silver Bullion Coin Mintages For the following year, the US Mint boosted production and the conditions were not necessary. The US Mint would resume the program after establishing specific conditions for distributors which limited orders and capped premiums. When anticipated demand far surpassed production levels for the 2010-dated issues, the US Mint was forced to halt the program in the face of complaints from consumers about unreasonable premiums being charged by some distributors. The distribution of the coins through the authorized purchaser network caused initial problems. The American Silver Eagle which contains one ounce of silver carries a denomination of “one dollar”. The denomination of “quarter dollar” made the face value of the coins ridiculously low compared to the intrinsic value of the coins. This actually caused some production problems for the mint, which prompted the introduction of legislation to change the diameter requirement to “no less than 2.5 inches and no greater than 3.0 inches.” By the time the legislation was enacted, the US Mint had already produced and released some of the coins, so they chose to maintain the wide 3.0 diameter. The diameter of 3 inches made the coins wider and thinner than the 5 ounce silver coins produced by other mints. Some of the legislative requirements of the series were unusual or problematic. An allowance was also made for the National Park service to resell the coins at any national site honored in the America the Beautiful Quarters Program. 999 silver, diameter of 3.0 inches, weight of 5.0 ounces, and the denomination of “quarter dollar.” The bullion coins were to be distributed through the authorized purchaser network utilized to distribute other bullion products. Specific requirements for the series included a purity of. The series of over-sized silver bullion and collector coins was authorized under Public Law 110-456, which had authorized the America the Beautiful Quarters Program. With the America the Beautiful Five Ounce Silver Coins wrapping up their fourth year of release, I thought it would be worthwhile to take a broader look at the series and provide a summary of the mintages or last reported sales for all issues to date.
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