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How to buy America the Beautiful silver bullion coins

When the U.S. Mint started accepting orders from authorized dealers in December 2010, for its 2010 “America the Beautiful” silver bullion coins, the demand was overwhelming. Coin collectors reportedly offered authorized dealers “double spot value” to guarantee delivery of the coins, according to the Wall Street Journal.

All told, only 165,000 of the 0.999-fine silver bullion coins were minted, and now two authorized dealers are finally accepting orders for the coins from the public – and the prices are near spot price. One company, New York-based Jack Hunt Coin Broker Inc., is selling sets of the five coins for $949.00 ($860.20 plus $88.20 for shipping), according to SilverCoinsToday.

The full set is comprised of five coins, which contain five ounces of silver each for a total of 25 ounces. With silver spot prices at $37.21 at the time of this writing, that equals $930.25 worth of silver. That’s a premium of less than $1 an ounce for what will likely be a sought-after set of coins in the years to come.

The coins could prove particularly collectible as dealers expected the Mint to produce 100,000 coins for each design. Instead, the Mint produced 33,000 of each coin. “This went from being a bullion coin to being a limited-edition collectible,” Jeff Garrett, a rare gold coin expert and dealer, told the Journal in December.

The 2010 America the Beautiful silver bullion coin set features designs depicting national parks and other national sites. They include:

  • Hot Springs National Park, AR
  • Yellowstone National Park, WY
  • Yosemite National Park, CA
  • Grand Canyon National Park, AZ
  • Mt. Hood National Forest, OR

The coins also mark the first time since 1915 that the U.S. Mint is issuing silver bullion coins that include more than 1 ounce of silver. In the coming years, the Mint will offer more designs until its completed the 56-coin set. 2011’s set will feature the following parks and sites:

  • Gettysburg National Military Park, PA
  • Glacier National Park, MT
  • Olympic National Park, WA
  • Vicksburg National Military Park, MS
  • Chickasaw National Recreation Area, OK

In addition to Jack Hunt Coin Broker Inc., Manfra, Tordella & Brookes (MTB) is also accepting orders for sets of the 2010 America the Beautiful silver bullion coins. Their prices are higher, though, at $1,025.00 with shipping. To order the coins from Jack Hunt, visit www.jackhuntatb.com. After you’ve placed your order online, you’ll have to mail the company a money order for the retail price of the coins within seven days. To order the coins from MTB, call them at (800) 535-7481 for instructions.

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Giant demand for giant ‘America the Beautiful’ 5-ounce silver coins

The U.S. Mint has begun offering 5-ounce silver bullion coins as part of their 'America the Beautiful' quarter series.

The U.S. Mint has begun offering 5-ounce silver bullion coins as part of their 'America the Beautiful' quarter series.

Its been nearly 100 years since the U.S. government has issued a bullion coin that’s larger than one ounce. They’re finally set to do it again with their 5-ounce ‘America the Beautiful’ silver bullion coins. All told, they’re planning to issue 165,000 of the 0.999-fine silver bullion coins, and they’re in such high demand that dealers have reportedly been getting offers of “double spot value,” according to the Wall Street Journal.

The bullion coins will have a diameter of three inches, and they’ll be priced according to the underlying silver in the coin plus a premium. Authorized dealers will have to pay the spot price of silver plus $9.75 per coin, or $1.95 an ounce. At current prices, that puts the cost of the coins just over $150 each.

The first of these unique “large-format” silver bullion coins will feature U.S. parks including Hot Springs National Park, Yellowstone National Park, Yosemite National Park, Grand Canyon National Park and Mount Hood National Forest. The coins offer a nice alternative to lower-cost one-ounce silver American Eagles – provided, of course, you can get your hands on them.

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