The United States Mint Set To Release the Fourth Five Ounce Silver Bullion Coin in the 2017 America The Beautiful Series.
The fourth coin in the 2017 America The Beautiful from the United States Mint, the Ellis Island National Monument will be released in mid-September and is now available to order from BGASC.com for shipment by September 12.
The Ellis Island National Monument
The much anticipated Ellis Island National Monument silver bullion five ounce silver coins are now available for order from BGASC.com.
The Ellis Island National Monument silver bullion coin is the fourth in a series of five 2017 America The Beautiful (ATB) quarters. As part of the ATB quarter program, the U.S. Mint also simultaneously produces five ounce silver coins with the same design as the ATB quarters. Demand for 2016 ATB silver coins were the second highest in the coin’s history.
The first three ATB coins in the 2017 were minted in low numbers. The first coin, the Effigy Mounds National Monument sold just 35,000 through mid July. The second coin, The Frederick Douglass National Historical Site sold just 20,000 coins through mid july. The third coin, the Ozark National Scenic Riverways also sold just 20,000 coins through mid-July.
On the Back of the Coin
The Ellis Island National Monument coin features an immigrant family of three arriving at Ellis Island in New Jersey. The father looks wistfully into the horizon towards the Ellis Island hospital building, while his wife clutches her thin travel bag and their son holds an American Flag. The words “E Pluribus Unum”, “Ellis Island”, “New Jersey” and “2017” are emblazoned on the coin.
The coin’s reverse was designed by Barbara Fox and engraved by United States Mint Sculptor-Engraver Sculptor-Engraver Phebe Hemphill.
Watch how Ms. Hemphill describes the challenges of the engraving process of the Ellis Island National Monument coin.
The Ellis Island National Monument is part of the Statue of Liberty National Monument located partially in New York and partially in New Jersey. The main building was refurbished and re-opened in September 1990 as part of the Ellis Island Immigration Museum. Visitors to Ellis Island arrive by Ferry. Click for information on touring Ellis Island.
On the Front of the Coin
The ATB silver bullion coins look like giant quarters and even bear a face value of a “quarter dollar”, though the five ounces of silver contained in the coins makes them worth far more.
Sales of the U.S. Mint’s ‘other’ silver bullion coin, the America The Beautiful (ATB) coin are on the rise. ATB coins are produced in limited mintages, that have never exceeded 126,700. In contrast, the U.S. Mint has sold record amounts of one ounce American Silver Eagle coins from 2013-2015, selling over 133 million ounces. Sales of five ounce ATB coins from 2013 – 2015 were just 508,000 reflecting 2,540,000 ounces of silver sold.
In 2016, sales of American Silver Eagle coins fell 20% from 2015’s record sales. Sales of ATB coins in 2016, however, soared 35% from 2015. The U.S. Mint sold 286,000 American the Beautiful coins in 2016, the second highest total ever in the coin’s seven year history. The best selling coin in 2016 was the first coin of the series the Shawnee National Forest coin that sold 105,00. The coin with the lowest mintage in 2016 was the Fort Moultre National Monument coin that sold 27,900.
About The America The Beautiful Coin Series
The America The Beautiful five ounce silver coins were authorized in 2008 under Public Law 110-456. The ATB coins are five ounces of .999 fine silver and are exact replicas of the designs of the America the Beautiful quarters ($.25) minted for general circulation. The ATB five ounce silver coins even have stamped on them “quarter dollar” on the obverse. ATB five ounce coins are the first five ounce silver coins ever produced by the U.S. Mint.
Each year since 2010, the U.S. Mint has produced five different designs of America the Beautiful coins. The reverse of the ATB coins features various depictions of U.S. National Parks or other national sites. The obverse of the ATB coins looks like a U.S. quarter featuring a portrait of George Washington. Indeed, the ATB series includes U.S. quarters intended for general circulation with face values of twenty five cents that are produced in the same design as their five ounce silver commemorative counterparts.
The ATB quarter program is a 12-year initiative that will honor 56 national parks and other national sites by 2020.
What’s Coming In 2017?
The Effigy Mound National Monument (IA), the Frederick Douglass National Historic Site (DC),the Ozark National Scenic Riverways (MO) and the Ellis Island (Statue of Liberty National Monument)(NJ) coins will be followed by the George Rogers Clark National Historical Park (IN) coins later in 2017.
Because of their limited mintages, the ATB silver coins often sell out quickly and in later years sell for higher premiums over the value of their silver bullion content.
This article by BGASC is not, and should not be regarded as, investment advice or as a recommendation regarding any particular course of action.