Investors and coin collectors can expect a maximum mintage of 500,000 2010 America the Beautiful 5 oz Silver Bullion Coins, according to the U.S. Mint.
With five coins set for production this year, that leaves each at 100,000 with an equal split — although specific levels have not been officially revealed as the Mint is in the process of seeking approval from the U.S. Secretary of the Treasury.
And while the bullion coins were initially expected to launch late in Summer 2010, Fall 2010 is the latest forecast for when their production will begin.
This latest news comes courtesy of a CoinNews.net article that recounts the latest information as provided by United States Mint spokesperson Michael White.
As a quick recap, the America the Beautiful Silver Coin Program runs concurrently with the America the Beautiful Quarters™ series, and will features 56 different designs through 2021 depicting U.S. national parks and national sites. In fact, the coins will be duplicates or replicates of the circulating quarters, down to their quarter dollar face value. The major differences between the two are that the silver coins will:
- Weigh five ounces
- Have a composition of .999 fine silver
- Feature a 3 inch diameter
- Feature an encused edge bearing their weight and fineness
While the U.S. Mint Director has discussed the possibility of proof and uncirculated versions, the bullion 5 oz silver coins will be released this year with certainty, as mandated by Public Law 110-456.
Their premiums are yet to be determined, but it is known who will sell them. Exactly like the Mint’s American Silver Eagle and the America Gold Buffalo bullion coins, they will be available through the Mint’s network of authorized purchasers/dealers. The National Park Service may also order quantities of the silver pieces (no fewer than 1,000 at a time), and resell them at their discretion. As a bullion offering, their initial prices should roam reasonably above the daily cost of five ounces of silver — demand and availability may be a huge part of the price equation. If the Mint eventually releases collector proof and uncirculated options, these will have much higher premiums.
Also according to law, each issue:
- shall become available for sale no sooner than the first day of the calendar year in which the circulating quarter dollar of which such bullion coin is a duplicate is issued; and
- may only be available for sale during the year in which such circulating quarter dollar is issued.
The 2010 issues will obviously get released much later than January 1, but next year and following year issue releases should more closely follow their corresponding quarters launches. Despite the lateness of the 2010s, they are still expected to be issued in a staggered fashion instead of all five at once.
The five 2010 America the Beautiful silver coins will honor four national parks — Hot Springs, Yellowstone, Yosemite, and Grand Canyon, and Mount Hood National Forest. The circulating America the Beautiful Quarter versions of the first three parks have already been released.