Following brisk sales experienced earlier in the year, the pace of sales for the 2011 America the Beautiful Silver Bullion Coins has slowed dramatically. These five ounce silver bullion coins are sold to the US Mint’s network of authorized purchasers based on the market price of silver plus a fixed mark up of $9.75 per coin.
All five designs for 2011 have now been released. The US Mint indicated an initial mintage of 126,700 for each design. The quantity may be increased based on market demand and blank availability. Each design was initially offered to authorized purchasers on an allocated basis at the start of sales. At the current time, allocations have been lifted for all designs.
As of August 2, 2011, total sales across all five designs has reached 376,800 units, accounting for 1,884,000 troy ounces of silver. The breakdown by design appears following.
|Gettysburg||April 25, 2011||126,700||633,500|
|Glacier||April 25, 2011||126,700||633,500|
|Olympic||May 23, 2011||80,700||403,500|
|Vicksburg||June 20, 2011||27,500||137,500|
|Chickasaw||July 18, 2011||15,200||76,000|
Sales have increased by only 23,700 coins since the last figures published a little over one month ago. The Vicksburg National Military Park design accounted for 8,500 units of the increase. The Chickasaw National Recreation Area design, which was first made available on July 18, 2011, accounted for the additional sales of 15,200 units.
The United States Mint has also been releasing numismatic versions of the five ounce silver coins, starting with the 2010 designs. Following the same pattern as the 2011 bullion coins, the first two releases experienced strong opening sales and quick sell outs. This was followed by slower sales for the subsequent designs. The recently released Mount Hood National Forest design experienced the slowest opening sales to date.