Despite the early enthusiasm for the United States Mint’s America the Beautiful 5 oz. Silver Bullion Coins, in recent months sales have fallen to exceptionally low levels.
For the month of September, the Mint recorded sales of 2,900 coins (14,500 troy ounces) to authorized purchasers. This amount is down from the previous monthly report when 4,100 coins were sold. It is down even more substantially from earlier in the year, when more than 250,000 coins were sold in less than a month.
The America the Beautiful Silver Bullion Coin Program was authorized by Congress to accompany the series of circulating quarter dollars. Five different designs are issued each year, featuring a national park or site in each of the states, territories, and the District of Columbia. The five ounce silver bullion coins are released within the year of issue for the corresponding quarter, and sold to the US Mint’s authorized purchaser network based on the market price of silver plus a fixed mark up.
Currently, the US Mint has three different designs available for authorized purchasers to order featuring Olympic National Park, Vicksburg National Military Park, and Chickasaw National Recreation Area. The first two designs for this year featuring Gettysburg National Military Park and Glacier National Park sold out of their initial mintages.
A breakdown of sales by design appears below. The first number column represents the number of coins sold for September 2011, and the second number column represents the total sales for the year to date.
2011 America the Beautiful Silver Bullion Coin Sales
|Sept 2011||YTD 2011|
|Gettysburg 5 oz.||0||126,700|
|Glacier 5 oz.||0||126,700|
|Olympic 5 oz.||500||81,700|
|Vicksburg 5 oz.||800||29,600|
|Chickasaw 5 oz.||1,600||19,100|