NumisMaster Logo
Home
Register
Sign In
Free Newsletter

Collector Info
In Print
Site Map

Silver 2011 ATB Number 125,000
March 15, 2011



When sales of the 2011 America the Beautiful 5-ounce silver bullion coins begin in late April with the Gettysburg design, how many will be available to buyers?

125,000, according to the acting Mint director Richard Peterson.

I interviewed him yesterday for an article in Numismatic News. You will be able to read it in full when it is posted on Friday at www.numismaticnews.com and www.numismaster.com.

The 125,000 coins, already stored at the Philadelphia Mint, are nearly four times the 33,000 struck for each of the five 2010 designs and the total almost equals the 165,000 number of all five 2010 designs combined.

Will that be enough to satisfy would-be buyers?

It might be, but then again, since the bullion value at today’s $34 price would be just $21.25 million, it is still low enough that Internet enthusiasm could whip up a buying frenzy.

Will that happen?

It could. Certainly it is less likely than it was for the 2010 designs.

What is the magic number that will satisfy the market that they are no longer scarce enough to warrant buyer excitement?

We will have to wait for the market to tell us.

This could be it, because buyers will know that four more will be sold during the rest of the year with the same mintage – and the acting Mint director left the door open for still greater numbers to be produced if the blanks can be found to strike them on and public demand warrants it.

Capacity of the press in Philadelphia is presently 1.25 million a year, Peterson said.

Now the hard part. You have to think about this for roughly another five weeks.



Add to: del.icio.us   digg
With this blog: Email to friend   Print



Something to add? Notice an error? Comment on this blog.
  


About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News, Bank Note Reporter and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

Search this Blog
Email Updates
Email me a message when a new post is added!
RSS Feed
More Links
Numismatic News
 



About Us | Contact Us | Privacy | Your data is secure
©2014 F+W Publications, Inc., Iola, Wisconsin. All rights reserved.