Sales by the U.S.
Mint to its authorized purchasers of the 5-ounce silver
bullion version of the 2016 Cumberland
National Historical Park quarter dollar begin April 18.
Direct sales to collectors and others of the Uncirculated 2016-P version begin at noon
Eastern Time May 5. The Uncirculated version of the coin will be
offered at $149.95 per coin.
Both the bullion and Uncirculated versions are struck in the same
dedicated coinage press at the Philadelphia Mint, with only the
Uncirculated version, for collector sales, bearing the production
facility's P Mint mark.
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The authorized purchasers buy the bullion version of the coins from
the U.S. Mint based on the spot price of the metal per troy ounce
according to the London PM fix, plus a premium of $9.75 per coin. The
coins are then sold into the secondary market to other dealers,
collectors and investors.
According to U.S. Mint officials, "The current authorized
mintage limit for both numismatic and bullion 2016 America the
Beautiful Five Ounce Silver Coins for Cumberland Gap National
Historical Park is 150,000 coins. An announced maximum potential
mintage limit of 30,000 coins has been set for the America the
Beautiful Five Ounce Silver Uncirculated Coin – Cumberland Gap
National Historical Park. However, based on demand, the United States
Mint may mint and issue more than 120,000 America the Beautiful Five
Ounce Cumberland Gap National Historical Park Silver Bullion Coins so
long as it does not exceed the 150,000 coin limit."