ATB Silver Bullion Coins Rationed and Limited

Precious metals investors have gotten used to the idea of rationing silver bullion coins, but the US Mint has taken it to a new level.

The America the Beautiful Silver Bullion Coins are a new bullion series struck in 5 ounces of .999 fine silver. Each over sized coin bears the design of one of the America the Beautiful Quarters. Due to a combination of the unusual specifications, short time frame, and possibly a limited silver supply, the US Mint was only able to produce 33,000 of each design.

That would put these “bullion coins” on par with rarities such as the 1995-W Proof Silver Eagle, which had a mintage of 30,125.

After the US Mint halted the program due to complaints about high prices, they are set to relaunch the program tomorrow. This time around the authorized purchasers will be subject to new terms and conditions.

This will include the requirement that premiums charged to customers be no more than 10% above the cost of acquisition from the US Mint, with a limit of one coin per design per household imposed.

So basically, the few authorized purchasers will be rationed in their supply, and then they must limit this supply to the public. Sounds pretty complicated for a bullion coin, which is supposed to be a commodity like investment product.

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