Yesterday, collectors rushed to place orders for the United States Mint’s 2010-P Hot Springs National Park 5 Ounce Silver Uncirculated Coin. Sales data provided by the Mint indicates that the product is quickly approaching a sell out of the 27,000 limited mintage.
Sales officially began on April 28, 2011 at 12:00 Noon ET by website and phone. In the first hour, the US Mint received 6,000 web orders. Shortly after 1:00 PM ET, the Mint’s website went down and was not restored until about 45 minutes later. At that point, web orders were once again accepted at the normal capacity of 120-150 orders per minute.
Heavy ordering volume was experienced for the rest of the afternoon. By 9:00 PM ET, the US Mint had taken more than 19,000 orders by phone and through their website.
The US Mint once again provided a statement apologizing for the delays:
The Mint apologizes for any delays that our customers may have had in placing orders for the coin. As we have said previously, the Mint has an antiquated order management system. Replacing the system is clearly a priority. Unfortunately, the system is not expected to be replaced until mid-2012. We appreciate the continued patience of our customers.
The 2010-P Hot Springs Five Ounce Silver Uncirculated Coin is the first numismatic version for the America the Beautiful Silver Bullion Coin Program. As opposed to the previously released bullion versions, these coins carry the “P” mint mark and have an uncirculated finish.
Each coin is struck in 5 troy ounces of .999 fine silver and has a diameter of 3 inches. The total mintage for the Hot Springs numismatic issue is 27,000 and sales are limited to one per household. While they remain available, these coins can be ordered from the US Mint’s website at http://catalog.usmint.gov/