The United States Mint has informed authorized purchasers that they will begin accepting orders for the America the Beautiful Five Ounce Silver Bullion Coins featuring the Great Sand Dunes National Park design on Monday, August 25, 2014. This will be the fourth bullion release of the series for this year.
The design of the coin features a father and son playing in the sand next to the creek bed with the distinctive mountains and sand dunes of the park featured in the background.
The America the Beautiful Five Ounce Silver Bullion Coin series carries the designs of the America the Beautiful Quarters struck in 5 troy ounces of .999 fine silver with a diameter of 3 inches. The bullion coins feature a brilliant finish and do not carry a mint mark. These are distributed through a network of authorized purchasers based on the market price of silver plus a fixed mark up.
The United States Mint also offers the 5 oz sized coins in numismatic format. The numismatic coins feature an uncirculated finish created through a vapor blasting technique and carry the “P” mint mark. These are sold directly by the United States Mint at fixed prices, which are subject to adjustment in the event of larger changes in the silver price.
Interestingly, the numismatic versions have been recently been outselling the bullion versions of the coin. Shown below are the sales figures to date for the first three releases of this year.
|Sales Figures for 2014 ATB 5 oz Silver Coins|
|Great Smoky Mountains||24,706||29,500|
If the trend holds up, this will create the interesting dynamic whereby the scarcer coin based on mintage is sold at a lower price. The US Mint currently charges $154.95 (or $139.45 by subscription) for the numismatic versions. The bullion versions are typically sold by bullion dealers based on a mark up to the silver value. Some dealers are accepting pre-orders for the upcoming Great Sand Dunes design at prices ranging from around $110 to $120 depending on purchase volume.
The US Mint has scheduled the numismatic version of the Great Sand Dunes design for release on September 15, 2014.