2016 Theodore Roosevelt 5 Oz Silver Bullion Coin Launches on August 29

by Mike Unser on July 29, 2016 · 3 comments

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.

2016 Theodore Roosevelt National Park ATB Coin

America the Beautiful 2016 Theodore Roosevelt National Park Coins depict Teddy Roosevelt on horseback surveying the terrain near the Little Missouri River. The five ounce editions are struck in .999 fine silver.

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.

2016 Shawnee National Forest Five Ounce Silver Bullion Coin

CoinNews photo of a 2016 Shawnee National Forest Five Ounce Silver Bullion Coin, which was released earlier in this year and sold out at 105,000 pieces — the most since the release in 2011 depicting Glacier National Park in Montana.

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.

{ 3 comments… read them below or add one }

Seth Riesling July 29, 2016 at 3:16 pm

Mike Unser –

Thanks for the update info!

In the second to last paragraph, you have the Harpers Ferry & Cumberland Gap 5-oz coin sales figures transposed.

The Mint’s 13 worldwide bullion coin APs haven’t purchased a single 5-oz silver bullion coin in almost 2 months now even though the Mint has offered them daily & the new one isn’t available for another month! What is up with the lack of interest in the 5-oz bullion version coins?

-NumisDudeTX

chuck July 29, 2016 at 5:11 pm

Mike Unser,

Seth Riesling,

Thank you Mike for this information.
Since the first two sold out (long ago) that would explain why no sales to the APs. As it also seems that Harpers might not have been available to the APs either as sales have been at (34,200) since at least 6/16/16. One should not assume but the fact the article states, in part, “in the meantime the mint has inventories of Harpers Ferry for sale.” My “guess” is that Harpers was not available and the APs wanted some 5 oz before the end of August so the mint recently struck more. Next weeks report might tell us if, in fact, there has been a demand by the APs that the mint did not satisfy.

Your sales figures appear correct for Cumberland Gap (75,000), Harpers Ferry (34,200) and Shawnee(105,000).
Thanks again for this information.

Seth Riesling July 29, 2016 at 5:53 pm

chuck –

You are probably right about the Harpers Ferry 5-oz coin situation. The APs have to order a minimum amount each order as stated, so there may have been an over one month delay in production of the HF 5-oz coins since they last ordered any. Next weeks figures will be interesting to see on these coins for sure!

Mike Unser-

Thanks for correcting your sales figures from the original version of this article & for the updated info.

-NumisDudeTX

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