Vicksburg Five Ounce Silver Uncirculated Coins

Today January 12, 2012 at 12:00 Noon ET, the United States Mint will begin sales of the 2011-P Vicksburg National Military Park Five Ounce Silver Uncirculated Coins.

The reverse design of the coin features the U.S.S. Cairo on the Yazoo River as it would have appeared while serving the Union Navy during the Civil War. This image is intended to be representative of Vicksburg national Military Park in Mississippi. The reverse was designed by Thomas Cleveland and sculpted by Joseph Menna. The obverse features the 1932 portrait of George Washington designed by John Flanagan.

Each coin is struck in five troy ounces of .999 fine silver and has a diameter of three inches. The coins carry an uncirculated finish created through a vapor blasting technique and contain the “P” mint mark. Both of these characteristics differentiate the coins from the bullion version of the coin released during 2011.

The Vicksburg Five Ounce Silver Uncirculated Coins are limited to a total mintage of 35,000 coins. For the start of sales the US Mint is imposing an ordering limit of five per household.

The coins will be priced at $204.95 each, which will be the lowest starting price so far for the numismatic series. The first release of the series were priced at $279.95 each. The price level was lowered to $229.95, and later $204.95.

The most recent price was established by publication in the Federal Register dated December 30, 2011, although the price change was made effective for available designs on December 27. On these two dates, the price of silver was $28.65 and $28.18. Since the start of the new year, silver has moved higher with the current price at $30.60.

If the upswing in silver continues a suspension and repricing for the ATB Five Ounce Silver Coins becomes a possibility. The US Mint has not publicly stated their criteria for pricing changes to these products, rather they keep catching many collectors by surprise.

The other numismatic five ounce silver coins still available for sale at the Mint include the designs for Gettysburg National Military Park, Glacier National Park, and Olympic National Park. Each is priced at $204.95.

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  1. Fosnock says

    Does anyone know when the 2012 ATB bullion will be released? I would like to pick some of them up while prices are low. I have given up any hope of getting the uncirculate coins at today’s prices.

  2. MarkInFlorida says

    My order for one Vicksburg breezed through at 12:09 with order number 38723xxx. Not like the wild first issues that everyone swore would be hot hot hot!

  3. DCDave says

    It really is not nice of the Mint to not publish criteria for the 5ozers. I was a sucker that bought them early as higher prices to be thanked later by the Mint by lowering them for all that delayed buying them. It would be ok to sell new releases at lower prices OR lower prices if following a grid, but what they did was not right. I’m done with the series. I’m sure I can use the money to buy other nice things like vintage baseball cards.

  4. Louis says

    Is anyone ordering the burnished 2011 silver eagle at the new, lower price? We don’t know how long they will sell these, but even if you add the 100K from the anniversary sets, I believe they are the lowest mintage so far. On the other hand, the 2007 and 2008 coins have not done that well apart from the silver price increase. Any thoughts?

  5. says


    I am not, simply because I already have one in my 25th anniversary set. I don’t really feel the need to purchase another. Only things I’ve bought recently are the new AtBs numismatics and that 2012 dragon coin & cover from Perth.

  6. Louis says

    CO: I decided to get the new silver quarters with my Vicksburg instead of another burnished. I may give it as a gift later when the full silver proof sets come out. I am eager to see the new issues. Also got one of the new frontier bronze medals honoring four of our leading astronauts.

    I know it may not be within your budget, but check out the new gilded turtles from Fiji, and the New Zeland gilded dragons. The New Zeland coins are limited to 2500, which have sold out, and sell for a good premium now, but you may still be able to get one for about $80 from Gainesville Coins. I pre-ordered one and just got it. The coin is nice, and the packaging is a work of art. Selling for $135 on e-Bay.

  7. Louis says

    Samuel: That’s amazing! I just posted on the same coin. A very fair price for an attractive, extremely low mintage item. The Chinese must love these, esp. the gold box.

  8. Samuel says

    I bought 2 at $80, then when I got the coins, I decided to order more. The pro is, nice looking packaging, I would say the packaging stuff must be designed by a Chinese. And, price is reasonable, considering it is a gilded proof. I personally like it more than the Perthmint ones.

  9. Brad says

    I just noticed that the 2011 W Unc AGE is showing “backordered” status now. It could be close to a sellout, probably caused by last-minute orders to beat yesterday’s price increase. Maybe it will be the lowest-mintage 1 oz. AGE after all, even lower than the 2006 Reverse Proof.

  10. says

    Thanks Samual & Lewis
    I just ordered 4 (2 for my Dad) of the New Zealand Gilded Dragons from Gainesville. Very, very nice!!

  11. Louis says

    That’s what I was wondering too, but remember latest individual sales are 233K then you have to add the 100K in the sets which equals 333K roughly. That is lower than the 2006-W (I think it was about 460K) but not lower than the 2006 reverse proof (250K).
    I am not sure about the backorder status. I think that just means they are making a new batch. It does not necessarily mean a sell-out is nearing. I would be surprised if the Mint does not keep selling for at least another few months, if not the whole year. It is one to watch. I may get another with my Chickasaw next month.

  12. Brad says


    I was talking about the Uncirculated GOLD Eagle, not silver. As of the last sales report those were still under 9,000, while the 2006 Reverse Proof was minted at 10,000. The Mint can’t strike anymore 2011-dated coins now, so if the supply on hand is almost gone that should be “all she wrote.”

  13. Louis says

    Sorry, Brad, I read too quickly. I totally agree on the 2011 AGE and recommended it in a recent column. I think it will be a huge winner. I think you are right that it may sell out soon, which would be awesome.

  14. Wylson says

    I thought they may have minted between 10-15K of the AGE, but if it’s backworded now, it’s probably going black in a few days. I think the 70s will command significant premiums.

  15. Zaz says

    I wonder what the opening numbers on the next weekly sales report for NP9 will be? April and May of just last year seems like a lifetime ago when the mint could sell 25,000 of NP1 or NP2 in about five days, and at $279.95. The guesstimate is about 9,500-10,000. Would be surprised by less as silver is inching upwards.

  16. Wylson says

    Zaz, I think 9,500 to 10,000 is in the ballpark. There seems to be a base of collectors around that number. Wonder how many were struck. I’m thinking it was short struck.

  17. says


    I will look at getting them, thanks for the tips. The dragon I bought was actually just the cheap $15 “coin and cover” that was posted about on Coin Update a few days ago.

  18. Hidalgo says

    The New Zealand dragon coins are sold out at Gainesville Coins. I had already purchased the 2012 Year of the Dragon coins from the Perth Mint. I think they are much more attractive than the NZ coins. I’ll stick with them :o)

  19. Wylson says

    At this rate there will be a slew of low mintage dragon items. But the slew may be 10,000 different products.

    Even the ATBs only have 56 products.

  20. says

    I think the key to most “Lunar” themed coins will be the ones released by Perth, though it could become different if the US Mint gets involved and starts its own Lunar commemorative series.

    Also agree with the slew of products emanating from Perth, the amount of varieties of just ONE Lunar coin is staggering. You have the 1/10, 1/4, 1/2, 1, 2, 5, and 10 oz bullion varities (plus the 1 and 10 kgs). Then you have the proof, half ounce proof, two ounce proof, 1 kg gem variety, painted one and half ounce coins, and the gilded. There are also the rectangular coins as well.

    And that’s just for the silver!

  21. simon says

    IMHO: I hope the USMint does not issue any boutique coins, and just keeps to the themes of Liberty, Nation, and Democracy. I do purchase international coins and some of them have mintage as low as 1000. They have not appreciated in value and I buy them out of interest in the subject and the art, and not for their rarity or potential value.

  22. Louis says

    For anyone interested, see my piece on dragons and other 2011-12 world coins in Coin Week, that was highlighted in Michael’s last news round-up. It discusses many of these points.

    Have a good weekend everyone.

  23. Louis says

    Captain: I think the 3-coin 1,000-edition silver dragon proof set, and especially the 2 ounce coin, which is the only one not released separately, will be the keys to the Perth releases, and probably the overall 2012 dragon program.

    Where did you get the stamp and coin cover? If you like stamps, Canada has just issued some awesome dragon stamps, and the Canadian postal authority will ship to the USA for free (but USPS does not).

  24. Louis says

    Thanks, Captain.

    Enjoyed your analysis of Cyprus on your site and your predictions for the year.

  25. Hidalgo says

    Simon, I agree with you. A mintage of 1,000 does not necessarily mean an increase in value. Demand plays a big role. What good is a mintage of 100 of a coin that someone pay $1,000 for if no one wants it? That $1,000 coin is worthless (other than the value of the metal) if no one wants it…. LOL!

  26. Louis says

    It also depends which market you are talking about. World coins have a much stronger market and demand outside the U.S., and U.S. coins are not as much in demand outside the U.S. as they are here.

  27. Hidalgo says

    Correct Louis. That’s Economics 101. Demand is demand, no matter where in the world one is. LOL

  28. Matt L. DeTectre says

    I have a ONE OF A KIND “turdinapunchbowl” and am reluctant to put it on ebay as I don’t want to crash their system from massive bidding. Agree with above commenters. DEMAND is everything on low OR HIGH mintage items. Remember the silver Buffalo from ten yrs ago. It went out the mint door for around 25 bucks with a mintage over 100 large and now goes for 200 bucks or thereabouts. A high mintage item with a higher demand.

  29. Samuel says

    Will this 2011 Unc AGE sales under 10,000?
    I dont want to miss this one, considering the recent price appreciation for the half dollar.

  30. Zaz says

    Finally placed my order for the Vicksburg coin, and added the much procrastinated on Olympic coin. Unlike other responders to this particular column, I don’t feel cheated at all for having paid $279.95 for the first four uncirculated coins. They are still holding their value on the secondary market. It’s the 2010-dated bullion coins that have fallen to nearly their intrinsic values, particularly if they are average strikes without either DMPL look or designation.

    I feel like I saved $75.00 per coin, so added another 2011-W burnished ASE and the 2012 ATB silver proof set to the order. Depending on how long the $204.95 pricing remains in effect, I may get another Gettysburg/Vicksburg pair as the 150th anniversary of those events happens next year, which may generate additional outside interest to these coins as souvenirs.

  31. Brad says


    You might want to place an order for the 2011 W Unc AGE right away, as it has showed “backorder” status for several days now. As of late this has pretty much been an indication that the product is almost gone, so the status could be changed to “sold out” as soon as tomorrow when the Mint re-opens following the holiday. Since it’s too late to strike any additional 2011-dated coins, it appears likely that the mintage of this one was indeed less than 10,000. Based on the sales figure of 8,637 reported last week, the recent weekly sales trends and the timing of the backorder notice, it’s possible mintage of this one might have been as few as 9,000. Even if it was 9,500, it would still be the new mintage key of all 1 oz. AGE coins, beating even the 2006 W Reverse Proof.

  32. Samuel says

    Thanks for your comment. I am struggling between an AGE and an APE at this moment. The “back order” issue, I dont understand what it really means. “Back order” to me is that there are more coming, but Mint cant mint any more 2011 ones. “Product will be available for shipping 01/31/2012” seems to me that, the coins probably are at the factory, not the shipping warehouse. I don’t know. Another thing makes me hesitate is that, if the APE price is increased on Wed, this is for sure, and no further surprise, it is probably will be the lowest price for several years. But for AGE, we might see lower sales in the future years. Dont have enough money to get both, have to make a bet.

  33. simon says

    Sam, just my 2c : the mint announcements on the 1 Oz 2011 AGE-W generally mean “close to sell out,” as has indicated and occurred for coins in the past. It also means that they will supply coins which are most probably scanned returns, and if you are into the TPG game a typical 69. I suspect that dealers purchase these in bulk, scan them for the top grade and simply return the rest. If you do not care about the grade and want to keep OGP, then you will have a rarity as of last year.

  34. Brad says


    There’s no way to know for certain what the backorder notice at the Mint for the AGE 2011 W means at this point. As of late when that message appears on a product page it has almost always meant that the product was nearing a sellout. However, at least one other scenario that is a possibility is that the Mint ran out of packaging (box, COA or both) for the coin and is awaiting another batch of those items. It doesn’t seem too likely to me, but it is something that has to be considered. I still think the coin is nearing a sellout, as sales for it have been pretty slow since it went on sale. The Mint probably didn’t have much confidence of it generating too many more sales before it’s time to place the 2012 coin on sale (if a 2012 coin is offered, that is). However, the remaining supply on hand might have been absorbed more quickly than the Mint had anticipated due to the surging gold price. That forced more product price increases, and buyers who had been sitting on the fence took the plunge to beat the price increase. It will be interesting to see the sales figure this week.

    As for the 2011 W APE Proof, it is an attractive coin, by far the best of the “Democracy” series thus far. However, the collector base for the platinum products is much smaller than that of the gold ones, and this particular coin has sold the most units of any of the “Democracy” series thus far. It makes sense, since the maximum mintage was set higher than the 2009 and 2010 issues. The 2011 didn’t achieve the quick sellouts of the prior two years though, and it might not sell out at all. The Mint may have struck all 15,000 coins in anticipation of the annual sellout, but raising the maximum mintage may have been the product’s undoing.

    Basically, if your goal is to buy a coin you can sell for a nice markup later it might be in your best interest to buy the 2011 W AGE. If it turns out that it’s too late for that due to it already being sold out and not yet updated, then you could gamble on the platinum coin. I wouldn’t recommend it though, unless you don’t mind holding the coin for a while.

    Sorry this reply got a little long!

  35. Samuel says

    Brad, Simon,
    Thanks for the comments. I like the APE because the price probably will be going higher, and we will not see low price as right now. And if the spot goes up another $50 more, that will be another price increase, $200 from today.

    For the AGE, I also agree, it is a low number. But, 2011 was a wild year, many people began to get interested in PM, economy was improving …., even under this situation, I would say, a good year for PM, the Unc AGE still did not sell much, then how about future years?! Maybe new low records will be set again and again. The Army half dollar is unique, so a record is a record. I am new, just my guess.

  36. Brad says


    I think part of the reason for the 2011 W AGE’s slow sales was due to the sheer number of precious metal products competing for collector dollars in 2011. There were two gold commemoratives (in both proof & unc), 4 sizes of AGE proofs, 1 oz. AGE unc, 4 First Spouses, two silver commemoratives (in both proof and unc), ASE proof, ASE unc, ASE 25th Anniversary set, five ATB 5 oz. silver collector coins (and the bullion versions from the AP’s), September 11th silver medals, Platinum Eagle proof, etc. Michael had pointed out this reason a few months ago as possibly why some products might get “lost in the shuffle.” It seems that the 2011 W AGE might be one of those products.

    If it does sell out in the next few days with reported sales under 10,000, look for some very sharp price increases in the short-term. Like everything else, prices will peak and then decline. If you do buy one for resale, just sell it when you feel comfortable. You might miss the peak, but a nice profit should still be possible for a little while.

  37. MarkInFlorida says

    I got an email saying my Vicksburg is delayed. Does that mean they got more orders than they expected?

  38. Zaz says

    A 5-day sellout of the Vicksburg coin is rather a remote possibility. Sales report today should indicate what the opening numbers are. All the coins have been struck, but have yet to all go through the vapor blaster machine, which is a slow tedious manually driven process, taking up to a minute per coin, so I imagine the Mint only finishes batches of the coin as needed, particularly during the first week of availability. They are also packaged immediately leaving the vapor blaster, so that adds to the congestion of the process. I have always gotten the backordered message on the coins that were ordered within the first week.

  39. Zaz says

    Yes, they do, but the coins are fitted in manually one by one into the restraining collar, which holds 20 coins that rotate to face the blaster. If you take a tour of the Philadelphia mint, the Graëbener press is in the last set of windows that overlooks the production floor. The vapor blaster is just underneath the window and whichever coin design is being worked on can be clearly identified from that angle. Fascinating, but if I were the Mint employee assigned to this chore, it would quickly get repetitive and boring. If you see the process you can understand why some of the Grand Canyon coins left the mint unfinished, also insufficient time between the first four releases last year.

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