The U.S. Mint’s authorized purchasers have scooped up 45,000 Saratoga National Historical Park 5 oz. silver bullion coins in less than two days, according to an email from Michael White of the U.S. Mint’s Office of Corporate Communications. The issue has been declared sold out.
While high demand for America the Beautiful 5 oz. bullion coins is nothing new, the information is particularly interesting because those 45,000 coins share an overall mintage limit of 65,000 units with the upcoming Uncirculated issue of the same coin. This means that the Uncirculated coin, struck for collectors and going on sale Thursday, December 3, will see its original mintage limit of 30,000 reduced to 20,000 in order to stay within the 65,000-coin limit. Mintages for both bullion and Uncirculated issues of the Saratoga 5 oz. coin will therefore be very similar to those of the Blue Ridge Parkway and Bombay Hook ATB issues.
The Mint sells bullion issues of 5 oz. silver ATB coins to authorized buyers for a small premium over the market value of their silver content. Silver is valued at $14.21 per ounce at the time of this writing, putting the precious metal value of the coins at around $71.05. In figuring retail prices for the public, authorized dealers add to the Mint’s base price to cover their own expenses and profit targets, often incentivizing bulk purchases by charging less for coins ordered in large quantities.