The bullion version of the 2017 Ellis
Island National Monument 5-ounce silver quarter dollar was set
to go on sale from the U.S. Mint to its authorized purchasers on Aug. 28.
The price will be based on the closing London PM spot price of
silver plus a premium of $9.75 per coin.
The designs on the 5-ounce silver quarter dollars replicate those
that appear on the 24.3-millimeter coins struck for circulation or for
The reverse, which is New Jersey’s entry in the America the
Beautiful quarter dollar program, depicts an immigrant family
approaching Ellis Island with a mixture of hope and uncertainty. The
hospital building is in the background.
The design, by U.S. Mint Artistic Infusion Program artist Barbara
Fox, was sculpted by U.S. Mint Medallic Sculptor Phebe Hemphill.
The 3-inch 5-ounce .999 fine silver bullion coins are not sold
directly to the public but to a group of authorized purchasers who
then sell the pieces into the secondary market at a small markup.
The Mint’s maximum authorization for the 5-ounce silver coins
combined in Uncirculated and bullion versions is 150,000. Although
both versions are struck on the same dedicated press at the
Philadelphia Mint, the bullion versions carry no Mint mark, while the
Uncirculated versions have a P Mint mark.
Production is initially planned at 120,000 bullion coins and 30,000
Uncirculated pieces. Should bullion demand exceed 120,000 coins, their
production can be increased and fewer Uncirculated coins produced, so
that combined mintages do not exceed 150,000 coins.
The Uncirculated 2017-P version of the 5-ounce silver coin will go
on sale from the Mint directly to collectors at noon ET Sept. 7,
priced at $149.95 per coin.