America the Beautiful 5 oz. Silver Bullion Coins

This year, the US Mint will begin a new bullion and collector coin series with some unique aspects. The America the Beautiful Silver Coins are struck in .999 fine silver with a bullion weight of 5 troy ounces. The coins will feature the designs of the current quarter dollar series in larger and sharper version.

This is only the second series of silver bullion coins ever offered by the US Mint, the first being the American Silver Eagle. The coins have the curious legal tender face value of 25 cents, ridiculous compared to the market value of 5 ounces of silver.

On the edge of the coin is “.999 fine silver 5.0 ounce”. The edge of the coin has for some reason become an increasingly popular area to put vital information. The Presidential Dollars still contain the date and mint mark on the edge. The motto “In God We Trust” was of course moved to the obverse after some public controversy.

The US Mint will only have 33,000 of each of the five 2010 America the Beautiful Silver Bullion Coins available. This is a ridiculously small number compared to the anticipated demand. In total, there will be just 825,000 ounces of silver available through the ATB Silver Coins for the first year. In November alone, the US Mint sold 4.2 million ounces worth of silver through the American Silver Eagle Program.

I think the coins will be a challenge to find without paying a ridiculous premium. The bullion coins will be distributed through the US Mint’s network of authorized purchasers, who will get them cheap from the US Mint and then hopefully not mark them up too much when reselling to other bullion dealers or the public. The earliest the average collector can get their hands on them will be after that first round of distribution, by which point prices might be crazy.

In consolation the US Mint will strike 27,000 of each design in collectible uncirculated version. These would be sold directly to collectors through the Mint’s website and phone sales. I would think they would have very low limits (i.e. one per household) to stretch the tiny supply as far as possible.

1 comment so far ↓

#1 Cue on 02.20.11 at 7:58 pm

does anyone know the release date of the 5oz collectors version of the ATB 5 oz coins.?

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