Today, Nov. 7, 2013, the United States Mint introduced its collector 2013-P America the Beautiful Five Ounce Silver Uncirculated Coin commemorating Mount Rushmore National Memorial in South Dakota.
It is the fifth and final uncirculated coin this year from the America the Beautiful series with earlier 2013 coins honoring White Mountain National Forest in New Hampshire, Perry’s Victory & International Peace Memorial in Ohio, Great Basin National Park in Nevada and Fort McHenry National Monument and Historic Shrine in Maryland.
These coins are struck from 99.9% pure silver to a weight of 5.0 troy ounces, a diameter of 3.0 inches, and a thickness of 0.165 inches. They also have a "P" mint mark to denote their production at the Philadelphia Mint.
Prices and Premiums
Pricing for the 2013-P Mount Rushmore Five Ounce Silver Uncirculated Coin is $154.95, the same amount as when the past two five ouncers launched. The first two for the year opened at $179.95 but were later lowered to $154.95.
Today, each of the America the Beautiful Five Ounce Silver Coins have a melt value of $108.75 based on the latest London silver fixing of $21.75 an ounce. For the Mount Rushmore silver uncirculated coin, it debuts with the second lowest premium this year at $46.20 above its melt value, or $9.24 per ounce. The lowest was $34.40, or $6.88 an ounce, when the Fort McHenry coin launched on Aug. 29. The highest was $68.65, or $13.73 an ounce, when the White Mountain coin was introduced on May 16.
Premiums for the five ounce coins are low when compared against other collectible silver coins. For example, the popular one-ounce 2013-W Proof Silver Eagle is sold for $52.95, making its premium $31.20 per ounce, or more than 3 times that of the Mount Rushmore coin.
Mount Rushmore Silver Coin Design
Designs found on the uncirculated coins are the same as those on Mount Rushmore quarters which debuted on Monday.
The reverse (tails side) design by Joseph Menna shows two of the four presidential faces on Mount Rushmore. Inspired by photos of men making the final touches to Thomas Jefferson’s face, the scene offers an educational perspective on how the national monument was created and sculpted.
Obverses (heads side) of all America the Beautiful coins bear the 1932 portrait of George Washington as designed by John Flanagan.
Inscriptions on the obverse and reverse are the same as on the quarters. Unique to the silver coins, incused on their edges is ".999 FINE SILVER 5.0 OUNCE."
2013-P Mount Rushmore Five Ounce Silver Uncirculated Coins may be ordered from the United States Mint through its website, right here, or by phone at 1-800-USA-MINT (872-6468).
There are no household ordering limits but each of the five uncirculated coins this year have a mintage maximum of 25,000.
These coins arrive encapsulated, set inside a protective outer box and come with a Certificate of Authenticity.
Sales of 2013 America the Beautiful 5 Ounce Silver Uncirculated Coins
As of Nov. 3, 2013, the 2013-dated America the Beautiful Five Ounce Silver Uncirculated Coins have sales of:
20,538 for the 2013-P White Mountain National Forest 5 Ounce Silver Uncirculated Coin released on May 16. It sold out on Oct. 9.
17,069 for the 2013-P Perry’s Victory and International Peace Memorial 5 Ounce Silver Uncirculated Coin released on June 6.
17,173 for the 2013-P Great Basin National Park 5 Ounce Silver Uncirculated Coin released on July 25.
- 17,527 for the 2013-P Fort McHenry National Monument 5 Ounce Silver Uncirculated Coin released on Aug. 29.
In addition to this Mount Rushmore 5 Oz Silver Uncirculated Coin for collectors, the U.S. Mint produces and sells a bullion version intended for investors. It launched on Monday, the same day as the quarters, and has current sales of 6,000.
The United States Mint does not sell bullion coins directly to the public. Instead, its authorized distributors buy them and they eventually make their way into the consumer market for several dollars per ounce over spot.
Unlike the collector five ounce coins, the bullion coins have a brilliant finish, lack the "P" mint mark and do not come in special U.S. Mint packaging with a Certificate of Authenticity.