Silver Sales Re-Ignite at the U.S. Mint in September.
Silver bullion sales at the U.S. Mint have caught fire as declining silver prices have spurred a spike in demand. Sales of U.S. Mint silver bullion coins in September are on pace to be the best in recent years.
American Silver Eagle Sales
Sales of American Silver Eagles (ASEs) were halted in the first week of September after sales of over 1 million ASEs caught the U.S. Mint off guard. Sales of ASEs resumed last week and through September 25, the U.S. Mint has sold 2,432,500 during the month of September, the largest September sales since September 2015 when 3,804,500 ASEs were sold.
About the American Silver Eagle coin
American Silver Eagle coins are .999 pure silver (ASE’s contain .0007 copper), rather than .9999 silver. The obverse of an American Silver Eagle coin boasts the same design as the obverse of the “Liberty Walking” U.S. $.50 piece that was minted from 1916-1947 of 90% silver and 10% copper. The front of a Liberty Walking Half Dollar and an American Silver Eagle coin features a walking lady liberty depiction designed by Adolph A. Weinman who also worked with Augustus Saint Gaudens, whose design appears on the U.S. gold Double Eagle coin (1907 – 1933) and the contemporary American Gold Eagle coin (1986 – present)
American The Beautiful Coin Sales
America the Beautiful (ATB) coin sales are on pace for their strongest year since 2016. Nearly 150,000 ATB coins have been sold through September 25.
The fourth and current release of the 2018 ATB series, the Cumberland Island National Seashore coin, with pre-order sales of 52,500 is the biggest seller since Harper’s Ferry National Historical Park the third in the 2016 ATB series, sold 75,000.
The fifth coin in the 2018 ATB Series, the Block Island Rhode Island silver bullion coin has an estimated release date of November 13.
America The Beautiful Coin Sales
Pictured Rocks National Lakeshore 30,000
Apostle Islands National Lakeshore 30,000
Voyageurs National Park 30,000
Cumberland Island National Seashore 52,500
Effigy Mounds National Monument 35,000
Frederick Douglass National Historic Site 20,000
Ozark National Scenic Riverways 20,000
Ellis Island (Statue of Liberty National Monument) 40,000
George Rogers Clark National Historical Park 35,000
Shawnee National Forest 105,000
Cumberland Gap National Historical Park 75,000
Harpers Ferry National Historical Park 75,000
Theodore Roosevelt National Park 40,000
Fort Moultrie (Fort Sumter National Monument) 35,000
Cumberland Island Georgia National Seashore 5 oz. Silver America The Beautiful .999 Fine Bullion Coin
The Cumberland Island Georgia silver bullion coin is the fourth in a series of five 2018 America The Beautiful (ATB) five ounce silver bullion coins.
On the Back of the Cumberland Island Georgia National Seashore Coin
The Cumberland Island Georgia National Seashore coin depicts a snowy egret perched with its wings spread on a branch in a front of a marsh.
The words “CUMBERLAND ISLAND,” “GEORGIA,” “2018” and “E PLURIBUS UNUM.” are emblazoned on the coin’s reverse.
The coin’s reverse was designed by Donna Weaver and engraved by United States Mint Sculptor-Engraver Don Everhart.
The Cumberland Island National Seashore maintains undeveloped beaches and maritime forests on a Barrier Island off Georgia’s southeast coast. Established in 1972, the Cumberland Island Georgia National Seashore stretches for nearly 18 miles and encompasses 8,900 acres. The National Seashore boasts protected beaches, oak forests and is home to sea turtles, shorebirds, wading bird, raptors, egrets, heron, storks and waterfowl.
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.
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.
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.
American Silver Eagle and America The Beautiful Coin sales data from USMINT.GOV
This article by BGASC is not, and should not be regarded as, investment advice or as a recommendation regarding any particular course of action.