Sales of the America the Beautiful Five Ounce Silver Bullion Coin featuring Theodore Roosevelt National Park in North Dakota begin on Monday, Aug. 29, the United States Mint told its network of authorized purchasers today.
Ordering opens on the same day for 2016 Theodore Roosevelt quarters, while the companion 5-ounce silver uncirculated coin for collectors launches in October.
The quarters and two five ounce coins share a design emblematic of the national park, featuring a young Theodore Roosevelt on horseback surveying the terrain near the Little Missouri River. The image was created by Joel Iskowitz and sculpted by Phebe Hemphill.
Theodore Roosevelt quarter products and the collector silver uncirculated coin will be available on release at catalog.usmint.gov. Bullion coins, however, are sold to authorized purchasers who consist of major coin and precious metals dealers, brokerage companies and other participating financial intermediaries. The U.S. Mint sent them the following message today:
"This is to inform you that the United States Mint will begin accepting orders for the America the Beautiful Five Ounce Silver Bullion Coin — Theodore Roosevelt National Park on Monday, August 29, 2016.
In the meantime, the United States Mint has inventories of America the Beautiful Five Ounce Silver Bullion Coin — Harpers Ferry National Historical Park available for sale."
AP’s must order America the Beautiful Five Ounce Silver Bullion Coins in bulk, buying at least 2,000 at a time with any more at 100-coin increments. They must also pay a $9.75 premium above the silver content for each coin. AP’s then resell the coins in smaller quantities at a markup. Already issued pieces are selling for about $23 to $30 over their metal value, with discounts offered when buying them in larger amounts.
Released earlier this year on quarters and five ounce coins are the designs commemorating Shawnee National Forest in Illinois, Cumberland Gap National Historical Park in Kentucky, and Harpers Ferry National Historical Park in West Virginia. The first two coins sold out with final sales of 105,000 and 75,000. Sales of the Harpers Ferry piece stand at 34,200.
This year’s final design featuring Fort Moultrie (Fort Sumter National Monument) in South Carolina is due out on major quarter and coin products in November and December.