2013-P Fort McHenry Five Ounce Silver Uncirculated Coin

The 2013-P Fort McHenry National Monument and Historic Shrine Five Ounce Silver Uncirculated Coins are currently scheduled to go on sale at the United States Mint tomorrow August 29, 2013 at 12:00 Noon ET. This release will come as the market price of silver has rallied over the past few weeks, raising the possibility of a price increase for silver numismatic products.

Fort McHenry Silver Coin

The reverse design of the coin features a depiction of the site during the annual “Defenders Day” celebration with fireworks above symbolizing the “rocket’s red glare” and providing a link to the fort’s historic past. The obverse contains John Flanagan’s 1932 portrait of George Washington.

This release represents the numismatic version of the coin, which carries the “P” mint mark on the obverse and features a special finish created through a vapor blasting technique. The US Mint has already released the bullion version of the coin, which does not have a mint mark and features a brilliant finish. Sales for the bullion version have reached 10,200 units so far.

The Fort McHenry Five Ounce Silver Uncirculated Coin is struck in 99.9% silver with a weight of 5 troy ounces and diameter of 3 inches. The issue carries a maximum mintage of 25,000 pieces. There is no household ordering limit in place.

Pricing is currently indicated as $154.95 per coin, however this is subject to potential change.

While the US Mint uses a flexible pricing policy for gold and platinum numismatic products that allows prices to be adjusted as frequently as weekly based on a grid, numismatic silver products remain subject to the previous pricing system. Any price changes must be published within the Federal Register in order to become effective. The exact threshold at which price changes are triggered is not known, however past actions can provide an indication.

Earlier this year, the Mint suspended sales of silver products on April 15, 2013 after the market price of silver had fallen from $27.40 on Friday to $23.54 on Monday. More recently in late June, the Mint delayed the release of the Great Basin Five Ounce Silver Coin and later confirmed that a price decrease was being considered. At the time, the market price of silver had just slipped below the $20 level. Price decreases for virtually all silver products were made effective July 11.

In the previous year, pricing actions had taken place when the market price of silver was around the $30 level and the $35 level.

Based on these past actions, price changes seem to have occurred at roughly $5 intervals, when silver had crossed $20, $25, $30, and $35 per ounce. With the current price of silver around $24.50, any further rise might result in a price increase. If this occurs, the Mint would most likely suspend sales or delay the release of any impacted products until the price change could be published.

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Comments

  1. fmtransmitter says

    Wow, SO, I just got a call from the Mint. EVEN THOUGH the General Profiles Proof set was marked as SOLD OUT online, they DID in fact take 18 of those sets to the ANA. Just a heads up, SOLD OUT doesn’t mean SOLD OUT…

  2. says

    fm…you are right about a final “audited” number, but just like with the SF set last year, we should get an adjusted “unaudited” number shortly after shipping concludes. And those numbers are usually very close to the final number.

  3. fosnock says

    @Rod – Please don’t go there that is a running topic on this blog. Some people took it as a personal offence that they featured a “girl” on the Boy Scout coin. I’m very glad that you were able to provide valuable personal input about the rational of the “girl” but be forewarned it a discussion that has been over done on this blog, and although most of people agree with your stance or are at the very least indifferent to the “girl” you will not win certain people over, they simply hate that coin because of the “girl.”

  4. VA Bob says

    Rod – That may be what the BSA hopes to accomplish (expanding the Venture program), but the majority of the people buying these coins are not looking to join the scouts. If fact many are old timers, looking to purchase something that recalls their youth. If that was the purpose, to sell Venturing, it was a wasted effort, aim at the wrong target audience. IMO it would have been better to capitalize on the history of it (as soon of the designs did) if they wanted to sell more of them. Know your customer. Maybe for the 200 year anniversary, collectors will seek out the Venture program, as that may be their memories of scouting.

  5. Jon in CT says

    fosnock wrote on August 29, 2013 at 9:00 pm :
    although most of people agree with your stance or are at the very least indifferent to the “girl”

    How was your conclusion that “most of [sic] people agree” determined? I vigorously disagree.

  6. high low silver says

    Jon ….I agree about that nasty girl… Just like I agree about alice paul !!!!! Now boy !!!!

  7. joe says

    Personally, I love women on coins…or more specifically a particular woman…Lady Liberty! The rest are head nods to the PC gods.

    And on a related subject (females on the obverse), I had an opportunity to look at my UHR and the OGP from the Mint today. Even after four years, I am still amazed with that coin and how the Mint packaged it. For all my griping about the Mint, I must say “Well done, Mr. Moy, well done!”

  8. fosnock says

    @Rod – See what I mean…

    As how was your conclusion that “most of [sic] people agree” determined? Well the coin sold out…obviously a lot of people liked the coin or were willing to overlook the “girl.” Now let me drop the subject, it goes nowhere fast

  9. DCDave says

    @Rod-You missed the point of the commemorative completely.
    It was to celebrate the 100 year history of Boy Scouts, not some 1990s new program. Sorry Rod, you are way off base, the coin is offensive to anyone with a sense of history. Trying to change the 100 year-old “commemorative” theme to highlight a TINY fraction of CURRENT scouts bastardizes the concept and makes it truly a top rated annoying demonstration of PCism.
    @ClevelandRocks- Are you saying Alice Paul was not just another name for Chester Arthur’s wife, Ellen Arthur??? I’m confused.

  10. fmtransmitter says

    Hey for @#$%^ and giggles I called the Mr. White back at the Mint and asked if those 18 Profiles sets were sold at the ANA and if not can I buy one…lol Watch him call back and say yes, sure, I got one right here….

  11. fmtransmitter says

    I suspect they were just returns after the 10,000 sold out so they brought them to sell there…

  12. fmtransmitter says

    Big boys didn’t get a 70 grade, crack em back open, put em back in OGP and get your cash back….

  13. fmtransmitter says

    May sound like a dumb question but ON TOPIC, sorry for the posts OFF TOPIC. Where is one to look to buy bullion versions of these? I do not see them for sale on the US Mint website? Am I to look for an authorized re-seller? Thanks…

  14. fmtransmitter says

    Yes, I just looked at the historical pricing of these on the price guide. Looks like a great buy at these prices, I am sure they will get bought up IMO.

  15. says

    Thanks for the reminder, Fosnock. I just tried it out myself. It looks pretty slick and professional and reminds me a lot of what the Perth Mint’s cart looks like. Glad they kept “quick checkout” too. The sample screens they put up prior to the rollout made me unsure whether the feature would be kept.

  16. says

    Mine has switched to “in stock” as well. Thanks for the heads-up, fellas. The mint seems to have moved pretty quickly on this one.

    Ironically, the Great Basin I ordered last weekend is still backordered!

  17. Sith says

    This is Fosnock, just changed my handle…my McHenry, and Perry is also in stock and reserved no change in my Great Basin

  18. Ray says

    in stovk resevred and charged for my fort mchenry. totally stoked!! this is my fav atb coin since hawaii. had to buy the bullion too to compare. THat should be shipping in the next couple of days too. yay!!

    have a great holiday weekend all! this is my new fav online space to come chat. thx all for a generally positive and healthy online space, and of course the best news and articles about us mint coins online. thx all

  19. Rod says

    @DCDave,

    No you don’t seem to understand how the US Mint creates commemorative coins in collaboration with external organizations. They actually go and seek input from to top officials of that organization, who I would claim have a better understanding of the historical significance of people and events on their own organization than some apparently uninformed and closed minded blogger who just wants to post their personal prejudices on this blog. Who are you to decide what matters to the BSA over their first 100 year? How many years or decades have you been an active BSA volunteer, much less a national officer of the BSA?

    Sorry DCDave, you are way off base, and thankfully we don’t have to all conform to your annoying personal “sense of history” and your use of the term “PC” to denigrate anything you don’t personally like or are uninformed about.

    @fosnock,

    Yes I see your point about some of the closed-minded bloggers on this site. I agree with you that it is not worth my time attempting to inform them about facts and reality.

  20. jaxtech says

    I received my Ft. McHenry 5oz P from the mint on Saturday and was a bit disappointed. I have previous three from this year and all were spotless. This one has 6-7 water spots (or whatever) on the reverse, there is a noticeable black pock-mark on the brick wall, and George has a gouge in his hair on the obverse. The water spots are only visible if the coin is held at an angle. I’m going to return it and hopefully get a better coin. If it was one or the other I probably would have just kept it, but the black mark is pretty distracting.

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