Mint temporarily sells out Homestead 5-ounce silver bullion coin
- Published: Feb 25, 2015, 7 AM
The coins first went on sale to authorized purchasers Feb. 17. Since then, the Mint has recorded sales of 20,000 of the coins. The issue has a maximum release of 65,000 coins combined in bullion and Uncirculated versions.
The bullion versions of the 3-inch, .999 fine silver coins are sold to a network of authorized purchasers, and priced at the London p.m. closing spot price of the metal per troy ounce on a given day, plus a premium of $9.75 per coin. The bullion versions may then be resold to other dealers or the general public for a small markup. The price may fluctuate daily.
A differently priced and marketed version of coins in the series, the Uncirculated version, bearing the P Mint mark of the Philadelphia Mint, is sold directly to the public as a numismatic product, at a different premium above its intrinsic metal value. The price is subject to change weekly depending on fluctuations in metal prices.
Both the bullion and Uncirculated versions of the 5-ounce silver coins are struck on the same dedicated press at the Philadelphia Mint.
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