Yellowstone 5 Oz Silver Uncirculated Coin Available May 17

by CoinNews.net on May 11, 2011 · 12 comments

The collector Yellowstone National Park 5 Oz Silver Uncirculated Coin will be available at 12:00 noon ET on Tuesday, May 17, 2011.

Yellowstone National Park 5 Oz Silver Uncirculated Coin

United States Mint image of the Yellowstone National Park 5 Oz Silver Uncirculated Coin

The United States Mint announced the official release date this week, along with its expected $279.95 price and limited 27,000 mintage.

The three-inch diameter, .999 fine silver piece is the second issue in the United States Mint America the Beautiful Five Ounce Silver Uncirculated Coin series which, along with companion 5-ounce bullion issues and America the Beautiful Quarters®, honors national parks and sites throughout the U.S. and its territories.

The Yellowstone uncirculated coin for Wyoming bears the same designs as the already issued Yellowstone quarter and five-ounce Yellowstone bullion coin. The obverse features the familiar John Flanagan portrait of George Washington. The reverse, by Don Everhart, shows Old Faithful with a mature bull bison in the foreground. Reverse and obverse inscriptions are the same. While the quarter has a reeded edge, however, both the bullion strike and five-ounce uncirculated coin has an incused edge with lettering of ".999 FINE SILVER 5.0 OUNCE"

Unlike the five-ounce bullion version which is intended for investors, the uncirculated coin has a special finish which is produced for collectors. It also features the Philadelphia "P" mint mark, although both strikes are actually minted there. Another variance between the two five-ounce coins is how they are sold. The United States Mint offers its collector coins directly to the public. All Mint bullion products are sold through its network of Authorized Purchasers who then resale into the secondary market.

There are five 2010 America the Beautiful Five Ounce Silver Uncirculated Coins in total. Each was actually produced last year but held for a 2011 launch. The inaugural uncirculated five-ounce issue honored Hot Springs National Park in Arkansas. There was a frenzy to purchase the coin at its noon release on April 28 as many buyers anticipated a quick sell out. Over 6,000 web orders were taken within the first hour, and the Mint’s online store soon went down. More than 19,000 orders were placed by 9:00 PM ET. While a sellout is still expected, it has not happened as of this writing. United States Mint figures indicate that 26,866 of the 27,000 have sold as of Sunday, May 8.

Later 2010 uncirculated coins will celebrate Yosemite National Park in California, Grand Canyon National Park in Arizona, and Mount Hood National Forest in Oregon. The 2011 issues are expected out this year as well.

Order Details for Yellowstone Uncirculated Coin

When available, the Yellowstone National Park 5 Oz Silver Uncirculated Coin may be purchased directly from the United States Mint website at http://www.usmint.gov or by calling its toll free number 1-800-USA-MINT (872-6468). There is a limit of one per household. A shipping and handling fee of $4.95 will be charged for all domestic orders.

The Yellowstone uncirculated coin comes enclosed in a capsule to protect its finish. The capsule is placed within a protective outer box and accompanied by a Certificate of Authenticity.

{ 12 comments… read them below or add one }

Wayne May 11, 2011 at 8:37 am

I received the Hot Springs 5 oz (P) version yesterday from the mint. It had a small nick along the edge. Other than that it appears to be perfect. Is that to be expected in a collector coin from the mint? Any one else get an imperfect 5 oz coin? How does the after market treat coins directly from the mint that have small defects? Also, how soft is .999 silver? Any one know?

tim May 11, 2011 at 11:53 am

Just got my hot springs 5oz from the mint today and no certificate of authenticity. Wayne, did you get one with yours ? I noticed the article above says Yellowstone will have one , what about the hot springs?

Randall May 11, 2011 at 3:25 pm

Yes. All (P) versions are supposed to come with COA..

Also, some have reported imperfections within the word “SPRINGS”

Wayne May 11, 2011 at 4:33 pm

Tim…Yes, I received a certificate of authenticity.

tim May 11, 2011 at 6:01 pm

Wayne, Randall, thanks for the reply. I did call the fullfillment center and the lady I spoke with said that they are waiting to receive the CofA’s from Washington and did not tell me when I would receive mine. Is it possible that the “packer” of my coin just forgot to include it?

Victor May 12, 2011 at 8:04 am

Too many coins, too many variations, too little quality control. A slight abrasion on the top edge, but I figure it’s going to be “par for the course” from now on.

ed May 12, 2011 at 10:50 am

Cancelled my order with the tumbling silver market.

Gair May 12, 2011 at 11:20 am

My questions is in regards to the price of silver falling out. Why wouldn’t the price of silver affect the selling price of this coin. At $50 an oz. $279 is fine. At $33 an oz, the premium is around a 40% = $114.

I did notice that the “SPRINGS” on my coin does have a wavy background. I checked my fathers coin for that same wave and his has the same, just slightly less noticeable.

Wayne May 12, 2011 at 6:53 pm

Silver is making wild price swings because of technical factors such as margin requirements to trade silver future contracts, and computer driven trading programs. I think we will see $50.00 an ounce again, later this year. Then $60.00 sometime in 2012 and $100.00 within 3-5 years. This all due to the current US policy to reduce the value of the dollar. So holding few .999% silver coins will work out over time, especially rare coins, i.e. 23,000 total minted, that are certified by the US Mint. Boy, you really have to catch your breath over the Mint not having enough COAs on hand for the Hot Springs coin!! Does anyone know how soft .999 silver is? I’ll take a look at the “springs” waves when I get home next week. I’m out of town right now.

mark May 12, 2011 at 11:10 pm

A very slight nick along the edge of mine. Hope the Mint takes more care going forward.

bubbah May 13, 2011 at 1:00 pm

Ed,
You cancelled your order on a sold out coin because silver dropped a little?
Are you going to out and pay more money for it when silver is back up at $50
an oz? I haven’t seen one sell for less than $350 yet. You could have sold it and still made money even at the lower silver prices.
A true collector doesn’t care about the price of silver.
95 American Eagle from the gold proof sets only has 1 oz of silver and sells for $1000’s. Mintage was around 35,000. Maybe it is good that the price of silver is dropping so that more collectors will have a chance to buy the new 5 oz coins.

Mr Greed May 17, 2011 at 11:56 am

Well that went more smoothly then the Hot Springs sale, got my order done at 12:08 est today, compared to almost 40 minutes last time. 2 down…56 to go.

Hope everybody gets their Yellowstone coin, what a country!!

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