2010 Hot Springs National Park 5 Ounce Silver Uncirculated Coin

Tomorrow April 28, 2011 at 12:00 Noon ET, the United States Mint will begin sales of the 2010 Hot Springs National Park 5 oz. Silver Uncirculated Coin. This is the first numismatic version of the America the Beautiful Silver Bullion Coins to be released.
The coins are struck in 5 troy ounces of .999 fine silver and have a diameter of 3 inches. The weight and fineness are indicated on incused edge lettering. The designs for the coin are identical to the circulating quarter dollar and the previously issued 5 oz silver bullion version.

These numismatic versions carry the “P” mintmark for Philadelphia and feature a brilliant uncirculated finish. The coins are encapsulated and placed in a presentation case with a certificate of authenticity. The mintage is limited to 27,000 coins, which is less than the 33,000 mintage for the bullion version.

The price for each uncirculated 2010-P Hot Springs 5 oz. Silver Coin will be $279.95. This represents a premium about $46.35 or 19.84% above the metal value based on a silver price of $46.72 per ounce.

Notice of the product pricing was officially published on April 18, when the market price of silver was less than $43 per ounce. As the price of silver subsequently moved towards $50 per ounce, there was some speculation as to whether the US Mint would be forced to increase the product price. However, so far, there has been no indication that the price of $279.95 will be changed.

The US Mint will impose an ordering limit of one coin per household. This limit will remain in place for at least the first week of sales, after which point it may be extended, increased, or removed.

With a limited mintage and considerable interest from collectors. A sell out is widely expected. The main question is how long will it take?

The last rapid sell out for a “one per household” US Mint product was for the 2009 Lincoln Coin and Chronicles Set. This product was limited to 50,000 units and priced at $55.95 each. By 5:00 PM ET on the first day of availability, the US Mint had sold 29,919 sets. It took until the following day at 6:00 PM ET (30 hours of availability), for a complete sell out of all 50,000 units.

The product page for the 2010 Hot Springs National Park Five Ounce Silver Uncirculated Coin can be found on the US Mint’s website here. Ordering options will not be available until the official start of sales tomorrow at 12:00 Noon ET.

2011 America the Beautiful Silver Bullion Coins

Earlier this week, the US Mint made the first two designs of the 2011 ATB Silver Bullion Coins available to authorized purchasers. The bullion releases for this year will have significantly higher mintages than the previous year. The initial mintage level has been indicated at 126,500 for each of the first two designs, with a goal of maintaining at least this minimum mintage level for the following three designs.

On the opening day of availability, US Mint authorized purchasers placed orders for 153,400 coins. Each authorized purchaser was limited to a specific allocated quantity and could only purchase the 2011-dated bullion coins if they certified that all prior year coins were sold in accordance with the special terms and conditions imposed.

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Comments

  1. Vanessa says

    Hey May 1, 2011 1:17 AM

    Sorry to hear about your Mint order, hopefully, it's back later today. I just checked my order and it's still there with a ship date of 5/15. Did you have multiple orders. I know they are checking multi orders with addresses.
    Good luck.

  2. Anonymous says

    vog17 Just checked my order and everything is a go.Only thing that changed is delivery date was moved to 5-15 11.

  3. Anonymous says

    Just wondering, why even bother ordering if you are going to cancel?? Seems like a waste of time. Maybe hoping for a fast sellout and the resale value hitting $1000 overnight ??? Silly.

  4. Anonymous says

    I'm cancelling my order before silver crashes. I'll pick one up for $60 or $70 then.

  5. Anonymous says

    I'm cancelling my order before silver crashes. I'll pick one up for $60 or $70 then.

    That would mean $12-14/ounce silver again. What are you smoking?

  6. Anonymous says

    Silver is correcting now. It's nice that the Mint locked in a good profit from its collectors. Holding out a 2010 coin to sell at the spike up to 50/oz and soon after the sellout, Silver is dropping. Nice JOB U.S. MINT.

  7. Anonymous says

    I am not canceling my order flippers !!!! Should not tell lies like some are doing to maximize profits, not too funny that the devil is in the details. Remember he is the father of ALL lies.

  8. Anonymous says

    one ounce is always better than above (5 or 10 oz) or below sizes (1/4 oz or 1/10 oz). how you gonna carry a 5 oz coin in your pocket?.

    Not one time have I read where someone plans on carrying these in their pocket. Good grief .999 fine 5 ounces of silver is what they are buying and throw in a neat design to boot. Comments like above are so stupid they are not one bit funny.

  9. Anonymous says

    No cancellation here, I am going for it. This is number 1, it, in my opinion will outrank the other first 4. This is the very first one. Can't get any better than that.

  10. Anonymous says

    Might not be as nice looking as some of the other 4 but first is first.

  11. Anonymous says

    One silver analyst I read expects silver to hit $250 an ounce. I think $100 is safe, but $250 would really be a bubble.

    You guys hoping for a drop… HAHAHAHAHAHA!!!!!

  12. Hidalgo says

    Post – bin Laden news:

    World stock markets are up. And pre-market stock trading in the USA is up as well. Seems like it might be a great day for the stock markets worldwide.

    Gold and silver futures have retreated. It appears that gold and silver values will fall,, at least for today.

    God bless America. Go USA!

  13. Anonymous says

    @ May 1, 2011 6:55 PM

    Michael, I hope you will only allow those who reveal their names/nicknames to post on your blog.

    The immature man @ May 1, 2011 6:55 PM needs to grow up. He may be an adult, but has the maturity and intellect of a 6 year old.

  14. John says

    U.S. mint caught all its collectors!
    Selling a 5 Oz 2010 coin at 2011 peak silver. Nice Job, Mint!

  15. Anonymous says

    U.S. mint caught all its collectors!
    Selling a 5 Oz 2010 coin at 2011 peak silver. Nice Job, Mint!

    PMs dropped sharply due to news leak of death of OBL (UBL). This was not timed by the mint.

  16. Anonymous says

    THe point is the Mint could have sold a 2010 coin last year, why delay till end of Apr 2011?

  17. Anonymous says

    I'm cancelling my orders. Saving the cash for other better buys this yr.

    Sorry you did not get one. Perhaps you can pick one up in the aftermarket at 2-5x the cost.

  18. Vanessa says

    I just checked my US Mint order, the item status has changed from "backordered with a delivery date of 5/15 to"
    "In stock and reserved"

    Anybody else getting this change in item status?

  19. Anonymous says

    @ Vanessa ,I just checked my Mint order and I too am showing in stock and reserved.

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