Pricing for Numismatic Hot Springs 5 oz. Silver Coin


The US Mint has provided pricing information on the upcoming Hot Springs 5 Ounce Silver Uncirculated Coin. This is the first of the numismatic or collector versions of the America the Beautiful Silver Bullion Coins.

The price is set at $279.95. The Mint cautions that as with all products containing precious metals, the price is subject to potential change.

Based on a silver price of $40 per ounce, this represents a premium of 40% above metal value. As expected, this is higher than the maximum 10% premium that the US Mint imposed on their authorized purchasers for sale of the bullion versions.

It’s interesting to note that the price set by the US Mint is right around the secondary market prices currently being paid for the bullion versions. Recently completed auctions show basic 5 coin sets selling for around $1,400 each, which works out to $280 per coin. (Higher prices are paid for coins which have received high grades or special designations from the grading companies.)

The 2010 numismatic issues will have mintages of 27,000 per design, include the “P” mint mark, and have an uncirculated finish created through a vapor blasting technique. The Hot Springs design is scheduled to go on sale April 28, 2011. The remaining designs will presumably go on sale separately, at later dates.

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Comments

  1. Ben says

    Once again, the Mint's website and phone system will be completely overwhelmed with orders. Better get in quick and be patient, these will sell out quickly!

  2. Anonymous says

    Lower than I expected, corresponds to some of the better single coin auction prices on ebay right now. Not a bad deal. Does anyone have any thoughts on whether or not Mint packaging/COA have a meaningful impact on the coin's value? That is, is there any advantage to getting a Mt Hood (when the day comes) from the Mint, as opposed to the ebay jungle?

    Thanks to any more experienced numismatists who respond.

    Nick

  3. Anonymous says

    How can the mint price these at todays spot when these were made last year when the price was 29. This is why they stopped the sales because the ap's were trying to rip us off. Now I guess its the Mints turn to do the same thing as they warned against. I can see the 2011 coins being priced that high but NOT the 2010 since they were supposed to be released last year.This sure looks like the mint waited to sell the3se so they could charge more. Hey mint wakeup, you stopped the ap's from overcharging now who is left to stop you from doing the same Bogus.

  4. Anonymous says

    Wow, how does Michael give us such up to the minute updates? You da man!
    I don't see the pricing anywhere on the Mint site.
    I actually think the price is totally fair.

    Michael, can you use your resources to find out about Eliza Johnson? Lots of conspiracy theories brewing….

    I think PMs are on a mini dip before they pop up again (IMHO).

  5. Anonymous says

    I noticed the First Spouse Series One-Half Ounce Gold Coin – Eliza Johnson
    Eliza Johnson Bronze Medal 1-5/16" has a date now—05/05/2011

  6. Anonymous says

    Michael,

    Do you know if the price will be adjusted for changes in the spot price of silver?

  7. Frank says

    For those who are interested… I saw that APMEX were listing the 5oz ATB coin sets in similar packaging to the AMARK ones; i.e. individual holders, labelled as Choice BU and First Strike. Now the website has disaappeared… I guess they are going to list some tonight! This could be the last chance…

  8. Frank says

    I saw them add pictures of the coins in the holder, the entire box etc. – a few minutes later they removed it…
    I bet my shirt they will start selling them tonight!

  9. Anonymous says

    Sorry for the prior post I hit enter too soon. I somehow got to a page on Apmex with the following product heading:

    2010 5 oz Silver ATB 5 Coin Set PCGS BU or Better (May 13th)

    It shows images of the ATB 5 coin set in PCGS holders.

    Unfortunately, when I copy the URL (which I entered in the prior post)to a different window, I can't get back to this page.

  10. Anonymous says

    In regards to the mints ATB 5oz announcement, as President Ford once said, "Our long national nightmare is over"

  11. Anonymous says

    Ron Paul needs to lead the charge to get the Mint out of the Bullion business and back to it's Consitiuitional mandate to produce coinage.

  12. Anonymous says

    I just talked to APMEX customer service – AND APMEX TOOK DOWN THE URL I POSTED ABOVE.

    The customer service person said that the sets would be sold starting May 13 – they are PCGS Choice BU sets.

    Apparently, the customer service department said they were not told any of these details either… I informed them and showed them the page!

  13. Anonymous says

    … Yes, I just said that APMEX took it down as soon as I asked customer service for details about it.

    The customer service woman said she was "shocked" and that they had not been given any details about them – she said she talked to APMEX management about it!

    When I asked for more details, she said she didn't have any informaton about the ATB sets!

    CONSUMERS 2
    APMEX 0

    🙂

  14. Anonymous says

    So APMEX will NOT be able to order any of the 2011 coins until sometime after May 13th?

  15. Anonymous says

    Quick question:

    Are the 5 oz silver coins that the mint is selling the same as the bullion coins being sold by the AP's ?

  16. Anonymous says

    I think the bullion is going to have greater eye appeal. The least small scratch in the frosty fields of this finish, will be very noticeable. And under 10X magnify, you won't like.

  17. Anonymous says

    For those that ordered from Fidelitrade, I just got my shipping tracking number from FedEx. It shipped today.

  18. Anonymous says

    I tend to agree. Even some of the bullion pucks with a few scuffs can still look nice. Any imperfection in the "blasted" UNC would be noticable.

  19. Anonymous says

    I am frankly breathing a sigh of relief at the price. This is, in my opinion, an extremely fair price for the coin. The Mint could have EASILY charged $400 for this thing and lemmings would have run right off the cliff to buy it. I am pretty pleased with this pricing and hope to be able to buy one on release day.

  20. Anonymous says

    LOL, Looks like APMEX has the last laugh…all those people accusing them of selling to their friends and refusing to sell anymore to the public look pretty foolish now.

  21. Anonymous says

    EXACTLY, Apmex is providing more value than the other APs that did not slab them, yet folks on here accused them of all sorts of evil doings about selling the coins in an inappropriate manner. Those are the people that are eating crow now.

    Apmex probably sees the value in selling a superior packaged product and gaining customer goodwill. They were the first AP to offer them to the public, and now they are offering the best value too. …WINNING

  22. Anonymous says

    OR… APMEX shopped around the secondary market to find sets that they could re-sell, meeting their "Mint quotas" while simultaneously filling that gap of unexplained ATBs that showed up on CSN and other venues when APMEX was making their first round available for sale. Pricing will tell the tale. Conspiracy theorists unite!!!

    BTW – The Public still deserves an explanation for those CSN sales. Never should have happened that soon after the release.

  23. Anonymous says

    "They make very nice coasters on my coffee table."

    I made mine into a gas cap for my Escalade. 🙂

  24. Lawrence says

    Apmex is too big and does too much buisness with the mint. Like it or not, they will do what they want and get away with it.

  25. Anonymous says

    The beauty of conspiracy theories is that you never have to produce facts yet claim the assertion to be true. When coupled with the Internet we are provided with an abundance of balderdash put forth by the logic-impaired. Amusing in one sense, scary in another in that people actually believe it.

  26. Anonymous says

    Yeah, APMEX offered the ATB sets first…at $1395!! A-Mark sold theirs in PCGS holders so I think the goodwill to customers goes to them first, not APMEX…….

  27. Anonymous says

    …Well I guess we can see that APMEX has at least one employee posting here….

    You just proved the point about conspiracy theories (assuming you're not being sarcastic).

  28. Anonymous says

    How can you make all these statements about APMEX when no ATBs are for sale? It's all a big maybe. We don't even know price. We have one person who caught a website mistake that may indicate an upcoming sale, that's all.

  29. Anonymous says

    The Mint may raise the price after the first ATB coin. Keep the first one low and sucker them in for the rest lol

  30. Anonymous says

    I think the quote is "Sarcasm is the refuge of losers." Richard Hoover

    Sarcasm big maybe.
    ATBs for sale bigger maybe.

  31. Anonymous says

    **** APMEX HAS REMOVED THE "ALERT ME" FOR THEIR 2010 ATB 5 OZ SILVER COIN SETS FROM MY ACCOUNT ****

    EVERYONE, CHECK YOUR APMEX ACCOUNTS TO SEE… MINE WAS DELETED TODAY – WHICH MEANS IF THEY HAVE DONE THIS TO EVERYONE, THEN NO ONE IS GOING TO RECEIVE ANY ALERT WHEN APMEX PUTS THEIR ATB ON SETS THAT SIGNED UP SINCE DECEMBER!

  32. Anonymous says

    http://www.jackhuntatb.com/

    SOLD OUT!!!

    Jack Hunt Coin Broker's inventory of 2010 America the Beautiful sets is now COMPLETELY SOLD OUT. No more online offerings will be made. Accordingly, we will no longer accept Wait List inquires.

  33. VG says

    You're right. I just checked my APMEX account and they removed the "Alert Me" request for the ATB sets!!

  34. Anonymous says

    Well, so much for no price increase this week. The darn yellow metal rebounded overnight.

  35. Anonymous says

    Here is the link that accesses the APMEX order page for the ATB:

    http://www.apmex.com/Product/59810/5oz_America_The_Beautiful_Set.aspx?gclid=CJDY1v7rl6gCFYS8KgodQSBnCw

    Although it allows you to add it to your shopping cart, in step 2 of the order process it won't let you continue your order unless your id was one selected to receive the ATBs and it removes the order from your cart

    I asked APMEX and they said a "select few" were chosen from all those that had shown an interest. They allegedly tried to cover a broad range of people.

    Might explain why they removed the alert me… because they notified the lucky few.

    Hope this is helpful

    Also, I apologize if this duplicates a prior post I attempted, but I did not see the prior post get posted.

  36. Anonymous says

    Does anyone else remember the significant premium that developed shortly after the 1992 White House dollars sold out? That has evaporated, because the demand just wasn't there.

    Whereas, there are 300K 2001 Silver Buffaloes out there, and the premium is still strong, because they are desirable.

    These 5 ouncers from other world mints seem gimmicky, and poor sellers (see US Platinum coins). I think once the flipping frenzy dies down, and silver cools off, these will be readily available, both bullion and numismatic. These are not "coins" — too big. If you want to accumulate silver, get an Englehard 100 oz. bar, and don't pay this incredible premium.

  37. Mint News Blog says

    I received this email:

    The wait is over! You asked to be alerted when America The Beautiful 5 Ounce Silver Coin Set became available. This is your only notice and you must take action quickly. We had over 18,000 requests for these coins and you were selected to receive one of 3,500 emails with the opportunity to purchase only one of only 3,100 available sets. You must act now because this offer is first come, first served and you don't want this opportunity to pass you by.

    You have until midnight (CST) Friday, April 15th, 2011, to go to the APMEX website and purchase your own set. These coins will sell out quickly so ACT NOW because there might not be any left by Friday. According to the U.S. Mint special provisions for these coins, only one set may be purchased per U.S. household.

    We are offering these coins to you at unprecedented pricing below melt value with valued-added authentication, grading and encapsulation* by PCGS. In addition, your set is packaged in a custom designed box with a foam insert with five slots specifically cut, one for each PCGS holder, to ensure safe delivery and convenient for long term storage.

  38. Mint News Blog says

    "Any word on the household limit? "

    I have confirmed that there will be a household limit of one coin per design per household.

  39. Mint News Blog says

    "Do you know if the price will be adjusted for changes in the spot price of silver? "

    Price changes are possible based on changes in the spot price of silver. However, changing the price involves publication in the Federal Register, which can take a few weeks.

    The US Mint has adjusted the prices of silver products on a few recent occasions when the issue price has begun to approach the melt value.

  40. Anonymous says

    "If you want to accumulate silver, get an Englehard 100 oz. bar, and don't pay this incredible premium."

    How is paying $1000 for five 5 oz. silver bullion coins a premium. It's right at spot. Don't understand some of the logic.

    I'm very bummed not to have a chance to buy a set from APMEX. Would have been nice to get a set encapsulated. BTW, if you ordered from Dillon Gage, it takes them a few days to match your order form with the bank wire. Previous posts had it right: Don't fret, these are not fly-by-night businesses.

  41. Anonymous says

    Well, well, well, some nut has a presale up on FreakBay for the "P" 5 oz Hot Springs. Only 899.99 ! And will have 3 available. Hmmm, something amiss?

  42. Anonymous says

    Well, I was one of the whatever-thousand that got the email from APMEX.

    I have NOT big a particularly big buyer from them (in fact, most would call it paltry). I think the last time I bought from them was over 5yrs ago.

    So, IF you believe I am NOT some APMEX shill or employee…it seems to me at least that there was some egalitarian bent to their method.

    I bought them, silver will drop, the interest in the coins will drop, etc… oh well. Better to burn the green paper now, when at least it is still useful for BUYING big quarters, and not merely WIPING hind quarters.

    I might try for the mint versions of them as well, but I, like most of you, are fed-up with the mint (see my cxl'd frac buffs order!).

    Thanks for the website, often good timely info.
    Best wishes to ya'll.

  43. Anonymous says

    Nice try, not even close. I'll give it 3 hours(I expect to be bogged down online for 2 hrs. Think Lincoln Coin & Cronicles Set. These will sell out FAST Think CSN, HSN, Coin Vault, etc. including me. I want a couple of them. Did I mention ebay ? These are gone already.

  44. Anonymous says

    Looks like Prudential is selling their stash, the process is lenghtly, but the cost is $862.70. Good Luck

    http://www.prudentialbache.com/view/page/prubache/17214

    •Complete the Account Agreement for 2010 America The Beautiful Silver Bullion 5-Coin Set
    •Complete Form W-9
    •Provide a copy of a Government issued photo ID (such as a driver's license or passport)
    •Provide a check for $862.70 made payable to PB Financial Services, Inc. The amount does not include shipping.
    •Mail the documents including all the pages of the Account Agreement, Form W-9, a copy of a Government issued photo ID and the check to the following address:

  45. Anonymous says

    Response from Dillon Gage:

    "Unfortunately we cannot accept Western Union wires for payment. We have no way to determine where the wire is coming from through Western Union."

    If anybody did use Western Union, I would investigate.

  46. custom1932 says

    1. A-Mark of CA $975 shipped ((Slabed PCGS F/S Gem BU ))

    2. Apmex of OK $860 shipped ((Second Round of sales Slabbed PCGS F/S BU or Better)) $980 Shipped C/C 1,008.75 Shipped

    3. Gold Center of Ill $975 shipped

    4. Fidelitrade of DE $930 shipped

    5. MTB of NY $930 shipped

    6. Jack Hunt of NY $949 shipped ((If your Check was lost you got a PCGS MS-68 Set))

    7. Dillon Gage of TX $937 shipped ((Second round of sales included two A.S.E.)) $1,025 Shipped

    8. Prudential of NY $862.70 + S/H ((Storage Complicated ordering processes))

    9. Coins-N-Things of MASS $930 + $170 ((For $6 Face Value in 90% Silver Coinage))= $1100 shipped

    10.Scotia Mocatta of NY ((No participation)).

    11.Commerzbank of NY ((No participation)).

    First day of sale 12/3/2010 Silver Spot $29.00 4/15/2011 Silver Spot $43.00

    The Mints Nine Authorized Purchaser's will soon be sold out of these sets ! Then it will be interesting to see what secondary market prices will be !

    2010 Hot Springs ((Numismatic Version)) Comes out April 25th Price $279 each

  47. custom1932 says

    1. A-Mark of CA $975 shipped ((Slabed PCGS F/S Gem BU ))

    2. Apmex of OK $860 shipped ((Second Round of sales Slabbed PCGS F/S BU or Better)) $980 Shipped C/C 1,008.75 Shipped

    3. Gold Center of Ill $975 shipped

    4. Fidelitrade of DE $930 shipped

    5. MTB of NY $930 shipped

    6. Jack Hunt of NY $949 shipped ((If your Check was lost you got a PCGS MS-68 Set))

    7. Dillon Gage of TX $937 shipped ((Second round of sales included two A.S.E.)) $1,025 Shipped

    8. Prudential of NY $862.70 + S/H ((Storage Complicated ordering processes))

    9. Coins-N-Things of MASS $930 + $170 ((For $6 Face Value in 90% Silver Coinage))= $1100 shipped

    10.Scotia Mocatta of NY ((No participation)).

    11.Commerzbank of NY ((No participation)).

    First day of sale 12/3/2010 Silver Spot $29.00 4/15/2011 Silver Spot $43.00

    The Mints Nine Authorized Purchaser's will soon be sold out of these sets ! Then it will be interesting to see what secondary market prices will be !

    2010 Hot Springs ((Numismatic Version)) Comes out April 25th Price $279 each

  48. Anonymous says

    Thank Custom1932 for your detailed update, however, just alittle confused on the last update. I thought I read that the Mint is going to sell the Numismatist version (Hot Springs) on Thursday 4/28 and that on Monday 4/25 was the date that the AP's would be able to purchase the 2011 5 oz Gettysburg National Military Park bullion. Has there been a change on the Numi version? the Mint's schedule is still showing 4/28 as the release date. I need to be ready!!!
    Thanks!
    Vanessa in Virginia

  49. Anonymous says

    My bad Vanessa the (Numismatic Version) of Hotsprings will Launch on the 28th thanks for double checking that !

  50. Anonymous says

    First the gold center never shipped any I was in line the only day they sold to 200 of us rest of the sets disappeared,Jack Hunt, the set I got was all raw pucks dinged up, others are now reporting getting 3 NGC69 and 2 raw ones in the set, How is this fair, and why would they have coins already graded, seems like a cherrypick was going on and now there being forced to get rid of all of them but those who got early orders got taken. Put them on the bad boyzz list with the Gold Center. The mint needs to audit there books and see……..

  51. Anonymous says

    The gold center called me and asked if i wanted a set they would send it Im a long time customer

    Juck Hunt sold or gave 3 grader 69 out of the set? and two raw I wonder how that happend ?

  52. Anonymous says

    Ok here is the email i got my jack hunt after there was reports of some setws containing all pcgs holders and graded. Its crazy…maybe we can get the editor to look into this and dillon gage now selling ngc slabs 1159 a set off website.We are responding to your concern regarding graded and ungraded America
    the Beautiful(ATB) coins. ATB coins were sold as *BULLION* at a set
    price dictated by the Mint. As an experiment a number of sets were
    graded and some individuals did receive them. Under no circumstances
    were coins represented and sold as graded. It was completely random who
    did and did not receive graded sets. Again, the coins were sold a
    bullion, just as the Mint instructed us.

    If you are dissatisfied you are welcome to return your set for a payment
    of $1000.

    With respect to the US Mint. We have met the Mint's sales conditions to
    the letter.

    Sincerely,

    Jack Hunt Coin Broker Inc.

  53. Anonymous says

    2 more sets Jack Hunt reported on pcgs forum both contained graded MS 68 all five. I think the editor should go ask some questions, None of the sets graded have yield a 69dmpl, Thats because they have kept all those and are not sending any of those out to the public. This was a great experiment as they Called it in the email I received.Come on mint news you need to go pick this story up, and how many sets does SOLD OUT dillon gage have there now selling at 1159 a set gem bu ngc? So many questions and no answers………………

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