The United States Mint will begin sales of the Hawai’i Volcanoes National Park Five Ounce Silver Uncirculated Coin today, September 24, 2012. This will be the fourteenth numismatic release of the series.
The reverse design of the coin features an eruption on the east rift of Kilauea Volcano, designed and sculpted by Charles L. Vickers. When the initial design candidates were reviewed, both the CFA and CCAC were strongly in favor of this alternative based on the strong, singular image. The obverse design carries the 1932 portrait of George Washington designed by John Flanagan.
This numismatic version of the coin carries the “P” mint mark on the obverse as well as an “uncirculated finish” created through a vapor blasting technique. By contrast, the bullion version of the coin, released earlier this month, does not bear a mint mark and has a brilliant finish.
The 2012-P Hawaii Volcanoes Five Ounce Silver Uncirculated Coin is priced at $204.95 and has a maximum mintage of 25,000 pieces. There are no household ordering limits imposed.
Pricing for this release is the same that has been in place for the product type since late December 2011, when the market price of silver was around $29 per ounce. Sales of all available issues for the product type were suspended in late February 2012, when silver rose above $35 per ounce, but sales were resumed when the price of silver receded. On Friday, I mentioned the possibility of another suspension and/or repricing as silver briefly rose above $35, however silver is now back under $34.
The bullion version of the Hawaii Volcanoes Five Ounce Silver Coin was released on September 10, 2012. Sales have reached 10,400 as of September 21, 2012.