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.
More from CoinWorld.com:
New doubled die obverse confirmed on 1919 dime exciting collectors
Polish mint goes global with groundbreaking coin shape
200-year-old Baltimore time capsule believed to contain coins
Israel's largest-ever gold hoard discovery reported at ancient harbor
Mint marks in error on gold American Eagle coins, only two different coins have them
Please sign in or join to share your thoughts on this story.
Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewsletters, liking us on Facebook, and following us on Twitter. We're also on Instagram!
US Coins May 27, 2022, 1 PM
US Coins May 27, 2022, 12 PM
US Coins May 26, 2022, 2 PM
World Coins May 26, 2022, 2 PM