Undisclosed quantities of three 2011 America the Beautiful 5-ounce
silver bullion coins and 2011 American Buffalo 1-ounce gold $50 coins
are being offered at reduced premiums by the United States Mint to its
The authorized purchasers were notified via email Jan. 7 by Greg
Hafner, program manager of the U.S. Mint’s Precious Metal Group, about
the availability of the Mint’s remaining inventory of the silver and
gold bullion coins.
The America the Beautiful 5-ounce silver coins for which the APs
may place minimum orders bear designs representing Olympic National
Park in Washington, Vicksburg National Military Park in Mississippi
and Chickasaw National Recreation Area in Oklahoma.
The Philadelphia Mint was scheduled to produce up to a maximum of
126,700 of each of the five 2011 America the Beautiful 5-ounce silver
The Mint sold out of the 2011 Gettysburg National Park
(Pennsylvania) and 2011 Glacier National Park (Montana) silver bullion coins.
The 2011 maximum mintages were nearly quadrupled from the 33,000
mintage for each of the 2010 issues, all of which sold out.
Tom Jurkowsky, director of the U.S. Mint’s Office of Public
Affairs, said Jan. 7 that the Mint would not be releasing how many
were remaining in inventory of each coin. To do so could lead to
“speculative behavior,” Jurkowsky said.
According to Hafner’s email to the authorized purchasers: “The
minimum order quantity for the American Buffalo Gold Bullion Coins is
1,000 ounces/1,000 coins, with 500 ounces/500 coin ordering
increments. The minimum order quantity for the America the Beautiful
Five Ounce Silver Bullion Coins is 500 ounces/100 coins, with 500
ounces/100 coin ordering increments.”
The premium for the remaining gold $50 coins has been lowered to
2.4 percent above the spot price per coin, down from the usual 3
The premium for the 5-ounce silver bullion coins has been reduced
to $8, from the usual $9.75 per coin over spot.
The authorized purchasers are the same specially qualified
distributors who purchase the American Eagle gold and silver and
American Buffalo gold bullion coins directly from the U.S. Mint for
the spot price of the precious metal on a given day plus a small
premium. The authorized purchasers then sell the bullion coins
directly to the public, or to other dealers who may then sell the
coins to the public. ■