Earlier this week, the U.S. Mint began selling 2016 Shawnee National Forest 5 oz. silver bullion coins to its authorized purchasers. Now the Mint is reporting that 55,000 of the issues have been sold so far, which is at least 10,000 more than any America the Beautiful 5 oz. issue released in 2015.
The Mint has also increased the overall mintage limit for all Shawnee 5 oz. coins to 150,000 units across bullion and Uncirculated issues. This represents an increase of more than 130% over the 65,000-unit limit imposed on 2015’s designs. As the Shawnee 5 oz. Uncirculated coin’s mintage limit has been set at 30,000, the maximum number of bullion issues possible for this design is 120,000, unless the Mint chooses to move some planchets slated for Uncirculated strikes into the bullion category.
The U.S. Mint sells its bullion issues to a network of authorized buyers, who then make the coins available to the public. The Uncirculated version of the 2016 Shawnee National Forest 5 oz. silver coin is scheduled to be released by the Mint on February 25.