The U.S. Mint
notified its authorized purchasers July 29 that 2016 Theodore
Roosevelt 5-ounce silver bullion quarter dollars will be available for
sale beginning Aug. 29.
An initial maximum allotment of 120,000 coins is established for the
bullion version, with an additional 30,000 intended to be minted as
the Uncirculated 2016-P numismatic version. Should bullion coin demand
exceed the 120,000 coins allotted, more bullion coins could be
produced, and the numismatic mintage reduced so that combined bullion
and numismatic production does not exceed 150,000 coins.
The Uncirculated version is on the Mint's product
schedule for release sometime in October. Both the Uncirculated and
bullion versions are struck on the same dedicated press at the
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Unlike the Uncirculated version, which the Mint offers directly for
public sale, the bullion version is sold by the bureau to its network
of authorized purchasers, who are able to maintain a two-way market
with their customers for the bullion issues. The authorized purchasers
buy the coins on a given day based on the closing London PM spot price
plus a premium of $9.75 per coin.
The coins are then offered at a markup to other dealers, collectors
The authorized purchasers were also notified by U.S. Mint officials
that the 2016 Harpers Ferry National Historical Park 5-ounce silver
bullion quarter dollars are still available. Through Aug. 2, the Mint
recorded sales of 34,200 of the Harpers Ferry silver
bullion coins, of the initial possible mintage of 120,000.