5 oz silver America the Beautiful

There's been no official US Mint press release regarding the month of release for the 5 oz. coin, nor any certain speculation that I have seen reported.

There's very slight information (more of the same since the last time Moy spoke to reporters about it) in this recent article:

America the Beautiful Silver Bullion Coins, Program Information & Release Dates

-CoinNews.net [4/5/2010]

 

Log in or Sign up to hide this ad.

I agree they will hold only a certain premium for a niche market like the one that exists for the gold First Spouse coins. I have been speculating that these will retail upon release for approx. $150. The starting price and unfamiliar format alone will limit the collector interest. Coin collectors are wary of anything 'new', just look at the size complaints leveled by collectors against the 2009 UHR despite it's design and production beauty! "It's too small... it's too thick..." but it was still a St Gaudens inspired design and an ounce of gold! The 5 oz. silver parks quarter will see its share of neglect I suspect and a niche market will follow. Many non-collectors of these bigger ticket items will consider them bullion and high TPG graded examples, if there's a holder big enough and that shows edges of the coin, out there to hold them, will be where the premium lies for the collector of these.

 

I would collect these not to resell but for my own collection. 50 of these babies in a set would be nice to look at and behold.

 

They have to be able to make them without mucking them up first, have they gotten past the problem or crumpling the blanks when they edge letter them yet?

 

More like a medal than a coin......

 

according to the article I linked to above, they still have not revealed if they have gotten past these problems.

 

Yes, perhaps nice to look at but 250 ounces plus packaging would be a big old dog of a beast to HOLD! :goofer::hammer:

 

Actually the 2011 Medal of Honor Commemorative Coins that will be coming out in both $5 gold and $1 silver varieties, will be both coins and medals in one! :rolling: :smile

 

Over 17 pounds avoir just for the silver. Wow.

 

What would you put them in? Is there any kind of case or album that will hold 50 things that size?

 

I saw an article somewhere that said the Mint had to buy a new coin press from Germany specifically for these coins and some additional tooling for the edge lettering. I suspect there will be a pretty good premium to help cover the costs.

The coins will initially only be produced in a bullion version and sold through the dealer program. They might consider doing a a direct sell proof/unc version at a later date.

 

I thought they were going to be selling these coins AT the parks that are featured on the coin design as well... So if you were to go to the gift shop or the ranger station at the parks they'd be there for sale in a retail sense. No?

 

place some 2009 bullion next to a real st gaudens and its going to look ugly. as for the mint producing this :vanish:.

 

I disagree, I really love them both, the original double eagles and the 2009 UHR (not bullion )

 

True, and more like dinner plate than a medal.

My big hope for these is that the larger surface area lets some designs that are marginal on a quarter come into their own as works of art. I've been at the spot depicted on the Mt. Hood design and I think there is a lot of potential there to look fantastic on the 5 oz.

 

The director of the mint did not mention this in the article that I am referring to, but that doesn't mean it won't happen. If so, it will be interesting to see what kind of pricing they might have in competition with their dealers.

 

As I recall, there was a provision for the state parks to buy 1,000 coins each for resale. The method for selling these could be via their local shops or over the internet I suppose.

 

Same old story here, Mint a few and charge alot!!

 

Yes, that is what appears in the coin legislation but the Mint has been rather quite on any comments about if the Parks will be participating and there certainly seems to be NO marketing campaign to promote the coins being sold this way. That's another lost opportunity for the Mint to reach the public and the parks to reach collectors. I'm sure the Parks and Mint were mired in operational budget issues as to who would pay for promoting these coins in the parks let alone find the money to acquire the stock for an item no one is yet familiar with, seen an example of nor has any proof of minting success by the entity producing them.

 

I read an article where the dimensions of these coins make them thin enough where you can bend them with your hands. They would prefer making them 2.5 inch coins, but the legislation would have to be changed...so they're pressing on with the 3 incher.

I imagine past and present Park employees...along with nearby residents will absorb most of the coins sold at the Parks. If I were retired, it might be fun to travel to each park to pick up a coin! I wonder if the "Park" coins will have unique packaging that sets them apart from the others.