Tomorrow, June 9, 2011 at 12:00 Noon ET, the United States Mint will begin sales of the 2010-P Yosemite National Park Five Ounce Silver Uncirculated Coin. This continues the steady release of the numismatic versions of the America the Beautiful Silver Coins.
The first issue featuring Hot Springs was released on April 28 and reached a sell out (waiting list) on May 13. The next issue featuring Yellowstone National Park was released on May 17 and sold out (without a waiting list) on June 1. The total availability period for each product was 15 days.
The Yosemite coin features a view of the granite rock formation known as El Capitan, which rises more than 3,000 feet above the valley floor. This was designed by Joseph Menna and sculpted by Phebe Hemphill. The obverse of the coin features the restored 1932 portrait of George Washington designed by John Flanagan.
Each coin contains 5 troy ounces of .999 fine silver and has a diameter of 3 inches. This numismatic release carries the “P” mint mark and has a special finish created through a vapor blasting technique applied after striking.
Details of the offering match those of the previous two releases. There is a total mintage of 27,000 units. Pricing will be $279.95, with an ordering limit of one per household imposed.
The US Mint does caution that the pricing is subject to change, but the same price level has been used consistently across a wide range of silver market prices. When the Hot Springs coin went on sale silver was above $48 per ounce, and when Yellowstone was first offered, silver was around $34.
It seems fairly likely that the 2010-dated numismatic America the Beautiful Five Ounce Silver Coins will continue to sell out. Collectors seem to be motivated by the unique nature of the offering and the limited 27,000 mintage.
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