It’s the eve of the release of the 5-ounce America the Beautiful Theodore Roosevelt National Park Uncirculated coins, and collector opinions as to how the coins will sell are varied. In the big silver discs’ corner is their design, which has been well received in comment threads across the Internet. Collectors who have never purchased the Uncirculated 5-ounce issues are showing an interest in seeing the quarter-dollar design in a larger, more beautifully struck format.
In the opposite corner, however, is a heavy, stoop-shouldered lug called product fatigue. At this point in the year, many buyers have expended all the enthusiasm and money they had to spare for Mint products: silver Proofs, gold and silver commemoratives, the American Liberty silver medal, gold and silver American Eagles (including the 30th-anniversary silver Proof), gold Buffalos, platinum Eagle Proofs, bullion and Uncirculated silver “pucks” from the ATB program—with still more to be released over the final quarter of 2016. And that’s not even counting the year’s collector offerings, like the Reagan Coin & Chronicles Set debuting on October 11.
A sample of the comments from Mint News Blog:
“Looks like I’ll [have] to put on my brawling gear Thursday… I think this thing will go quickly.”—Throckmorton
“No limits on this item, sellout ‘maybe’ good design, popular subject, the bullion ones are selling marginally…increased mintage limits have affected this market & ‘legs’ on both issues.”—John Q. Coinage
“Now as I am in the camp that the Roosevelt P puck will not sell out very fast…if at all…pre-sales are a good indicator of interest. If you do an eBay search on 2016 Roosevelt 5 oz,…you only get 23 listings…only one is for the unc p version….10 available at 195.95 and none have sold.”—Steve
“The TR will be the most popular 5 oz. ever and sellout quickly bringing new life back to the series.”—Rob
The Mint will begin taking orders at noon tomorrow. There is no household order limit; the current price is $149.95, subject to change depending on the bullion market. (At the time of the Mint’s announcement, silver was $19.35 per ounce, according to the London Bullion Market Association; as of this posting it is down a bit, at $17.80 per ounce.)
The “potential maximum” mintage limit for the coins is 30,000, but the Mint may produce and sell more than 120,000 of the coins, provided the total for the numismatic and bullion editions does not exceed 150,000. As of Friday, October 2, some 30,500 Theodore Roosevelt National Park bullion strikes had been sold.
To order the silver Uncirculated 5-ounce coins directly from the United States Mint, click here.