The United States Mint Introduces the Fourth Five Ounce Silver Bullion Coin In the 2016 America The Beautiful Series.
The much anticipated Theodore Roosevelt National Park silver bullion five ounce silver coins are now available! The demand for the new “Teddys” is expected to be high. The U.S. Mint has authorized an allotment of 120,000 of the silver bullion version of the Theodore Roosevelt coins to be minted, with the possibility that another 30,000 may be minted if demand exceeds the initial allotment.
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.
Through August, sales of ATB coins are 214,600 reflecting 1,073,000 ounces of silver, or the second highest number of coins and ounces of silver ever sold in since the ATB series was introduced in 2010.
The Theodore Roosevelt National Park silver bullion coin is the fourth in a series of five 2016 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.
The Theodore Roosevelt National Park was established in 1947 and is situated in north western North Dakota. The Missouri River runs through the park. Theodore Roosevelt visited the region as a young man to hunt bison in 1883 and returned again in 1884 to seek solace in nature after the deaths of his mother and wife.
On the Back of the Coin
The Theodore Roosevelt National Park coin features a depiction of Theodore Roosevelt on horseback surveying the North Dakota landscape. The words “E Pluribus Unum” and “North Dakota” and “Theodore Roosevelt” are emblazoned on the coin. The coin’s reverse was designed by Joel Iskowitz and sculpted by Phebe Hemphill.
On the Front of the Coin
The ATB silver bullion commemoratives 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.
The Theodore Roosevelt National Park coin follows the Harpers Ferry, Cumberland Gap and Shawnee National Forest coins issued in 2016. Since 2010, the five ounce ATB silver coins have seen very limited mintages. Mintages have ranged from a low of 20,000 to a high of 126,000. The Shawnee National Forest coin sold 105,000 and the Cumberland Gap coin sold 75,000 and the Harpers Ferry coin sold 36,100.
Last year the U.S. Mint produced just 212,000 ATB coins from the five different designs. In contrast, the U.S. Mint produced 47 million one ounce American Silver Eagle coins in 2015.
Because of their limited mintages, the ATB silver commemoratives often sell out quickly and in later years sell for higher premiums over the value of their silver bullion content.
Later this year, the U.S. Mint will release one more ATB designs: The Fort Moultrie at Fort Sumter National Monument.
The First Three Coins of the America The Beautiful Series
This article by BGASC is not, and should not be regarded as, investment advice or as a recommendation regarding any particular course of action.