Sales by the United States Mint of the Uncirculated 2016-P Harpers
Ferry National Park 5-ounce silver quarter dollar are scheduled to
begin at noon Eastern Time July 14.
The coin, to be offered at $149.95 each, has a maximum mintage limit
of 30,000 coins.
The combined total between the Uncirculated version of the coin and
bullion version of the coin, which is not available to everyone
directly from the Mint, may not exceed 150,000 coins.
That means the initial maximum mintage for the bullion version is
120,000 coins. But, should demand warrant, additional bullion coins
could be produced, cutting into the 30,000-coin maximum mintage of the
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There is no household ordering limit for the Uncirculated version.
What's the diffference
between the bullion and Uncirculated coins?
The bullion and Uncirculated versions are struck on the same coinage
press at the Philadelphia Mint. The Uncirculated version receives a
post-strike finish and bears the P Mint mark; the bullion version has neither.
The Mint offers the Uncirculated version of the 5-ounce silver coins
directly to the public, with pricing subject to potential change
weekly based on metal price fluctuations.
PRECIOUS METALS BASICS: How does the bullion market work?
The bullion version is not available to everyone directly from the
Mint. It is sold to authorized purchasers approved by the U.S. Mint to
purchase bullion coins. The authorized purchasers buy the coins from
the Mint based on the closing London PM spot price on a given day,
plus a premium of $9.75 per coin. The coins are then sold to other
dealers, collectors and investors at a further small markup.
The Uncirculated version is meant more as a collector's item, while
the bullion coin is meant as a tool to invest in silver. The bullion
coin's value is in its silver content, which one can expect to
fluctuate with silver's spot price.
More about Harpers Ferry
The reverse design on the coins honoring Harpers Ferry National
Park, which has parts located in West Virginia, Virginia and Maryland,
features a rendering of John Brown’s Fort. The fort is the site of the
abolitionist’s last stand during his raid on the Harpers Ferry Armory.
But Harpers Ferry is significant for more than just John Brown.
"The history of Harpers Ferry has few parallels in the American
drama," the park's official website reads. "It is more than
one event, one date, or one individual. It is multi-layered—involving
a diverse number of people and events that influenced the course of
our nation's history. Harpers Ferry witnessed the first successful
application of interchangeable manufacture, the arrival of the first
successful American railroad, John Brown's attack on slavery, the
largest surrender of Federal troops during the Civil War, and the
education of former slaves in one of the earliest integrated schools
in the United States."
The reverse design was executed by U.S. Mint Artistic Infusion
Program artist Thomas Hipschen and engraved by U.S. Mint Medallic
Sculptor Phebe Hemphill.