Release dates and updated pricing have been provided for the 2013 America the Beautiful Five Ounce Silver Uncirculated Coins. These coins will feature White Mountain National Forest, Perry’s Victory and International Peace Memorial, Great Basin National Park, Fort McHenry National Monument, and Mount Rushmore National Memorial.
Previous numismatic releases for the .999 fine silver 5 oz coins have carried the “P” mint mark and utilized a special finish created through a vapor blasting technique.
Back in December, the US Mint had included release dates for each of the five coins on a preliminary product schedule. The release dates started with February 12, 2013, with subsequent dates at two or three month intervals. Early in the year, these products were all removed from the schedule, and later added back with “On Sale Date To Be Determined”.
Also in December, the Mint had published pricing in the Federal Register for the coins. The 2013-dated releases had a published price of $244.95, which would have been an increase of $15 over the last price of the 2012-dated releases, despite a lower market price of silver.
The newly established release dates begin with May 16, 2013. The next coin follows in close succession, and the final three releases are scheduled around the release date for the corresponding quarter products.
|White Mountain||May 16, 2013|
|Perry’s Victory||June 6, 2013|
|Great Basin||June 27, 2013|
|Fort McHenry||August 2013|
|Mount Rushmore||November 2013|
Updated pricing for the products was published in the Federal Register this morning. The coins will be offered for sale at the price of $179.95. This price is the same as established for the 2012 Chaco Culture Five Ounce Silver Coin which resumed sales yesterday. It is also $65 less than the price published in December.
I have been told that the reason for the delay in establishing release dates for the 2013 ATB Five Ounce Silver Uncirculated Coins is that the Treasury Department had only recently approved the maximum mintage levels for both the bullion and numismatic releases. I am trying to obtain information on exactly what these maximum mintage levels will be. I will pass along any information as soon as I receive it.
The maximum mintage levels will certainly be very interesting to see. In first three years of the series, the US Mint has already went from under-producing the coins to over-producing and back to under-producing.
In 2010, production delays had pushed the release of the coins out until December, when the bullion coins with production of only 33,000 units each were all released at the same time. In the face of high initial demand and the prospect of immediate secondary market premiums, the US Mint had established special rules and conditions for the distribution of the coins. The 2010-dated numismatic versions were released during 2011 with maximum mintages of 27,000 each. Demand for the initial releases was intense, driving quick sell outs and sometimes crashing the US Mint’s website.
In 2011, bullion production was expanded to 126,700 units for the initial releases. Although the first two designs quickly sold out, demand fizzled for the remaining designs, and the excess inventory of coins remained available for sale into the following year. Numismatic versions carried a maximum of 35,000 units. No designs managed to meet this sales level.
In 2012, bullion production was sharply curtailed with a low of 20,000 units for the Hawaii Volcanoes and Denali designs. The numismatic versions carried maximum mintages of 25,000 pieces, but it turned out that actual production was much lower. Sell outs occurred for the Acadia, Hawaii, and Denali designs when sales reached approximately 15,000 units.