The first of the Uncirculated 2013-P America the Beautiful 5-ounce
silver quarter dollars goes on sale May 16 from the U.S. Mint: the
coin honoring New Hampshire’s White Mountain National Forest.
Sales begin at noon Eastern Daylight Time at www.usmint.gov.
The bullion versions of the same coin were scheduled to be offered
for sale to authorized purchasers beginning May 13.
U.S. Mint officials announced that the Uncirculated 2013-P White
Mountain National Forest 5-ounce silver quarter dollar will have a
maximum mintage of 25,000 coins.
The purchase price of each coin is $179.95, lowered from the
$204.95 last charged for the Uncirculated 2012-P Chaco Culture
National Historical Park. That 2012 coin was pulled from sale April 15
amid sliding silver prices, so it could be repriced.
The $179.95 price is $100 less than what the U.S. Mint charged for
the first five Uncirculated coins in the America the Beautiful 5-ounce
coin program, dated 2010 but released in 2011.
The 5-ounce silver coins have undergone several price adjustments
since the Uncirculated numismatic coins were first introduced in 2011.
The highest price the U.S. Mint has charged for the 5-ounce coins is
the $279.95 price of the 2010 coins.
In 2011, the price was lowered to $229.95 for the 2011-dated coins.
The $204.95 price was first assigned Jan. 12, 2012, with the
offering of the Uncirculated 2011-P Vicksburg National Military Park
5-ounce silver coin. That price remained in effect until the Nov. 12,
2012, release of the Uncirculated 2012-P Denali National Park coin,
when the price for it and other remaining Uncirculated 5-ounce coins
was set at $229.95.
While the bullion and numismatic versions of each coin share the
same designs, the collector versions bear the Mint mark of the
Philadelphia Mint. The bullion coins are also struck at the
Philadelphia Mint, but lack the Mint mark.
The U.S. Mint was scheduled to begin May 13 accepting orders from
its contingent of authorized purchasers for eventual resale to
secondary market dealers and the general public.
The authorized purchasers purchase the coins from the U.S. Mint
for the closing London PM spot price per ounce plus a $9.75 premium
The authorized purchasers of America the Beautiful 5-ounce bullion
coins are the same qualified dealers who purchase American Eagle
bullion coins for resale into the secondary market.
The value of the 5-ounce silver bullion version fluctuates daily
on the secondary market with the market price of silver. (Pricing for
the Mint-marked silver numismatic versions is evaluated by the U.S.
Mint weekly, based on silver market prices, and is considered for
Authorized purchasers were notified by U.S. Mint officials May 8
that initial sales of the bullion versions would be on an allocation
basis that would remain in effect until demand for the 5-ounce bullion
version can be met.
U.S. Mint officials did not disclose the number of coins necessary
to meet the demand.
The available bullion coins were to be allocated as follows:
➤ Each Monday morning, the inventory available for sale that week
will be divided into two equal pools.
➤ The first pool of the coins will be allocated equally to all
active authorized purchasers.
➤ The second pool will be allocated based on each authorized
purchaser’s sales performance with 2011 and 2012 America the Beautiful
silver 5-ounce bullion coins.
➤ Each authorized purchaser will be advised via fax Monday morning
(or, if a government holiday, Tuesday morning) of its allocation, and
the firm will have until 3 p.m. Eastern Daylight Time Friday to place
orders for its allocated coins.
➤ Any unordered coins after 3 p.m. Friday will be put back into
the pool for allocation the following Monday. ■