2014 Shenandoah 5 Oz Silver Uncirculated Coin Released


Shenandoah National Park makes one of its final numismatic appearances with today’s release of a three-inch, five ounce silver coin emblematic of the site in Virginia.

2014-P Shenandoah National Park Silver Uncirculated Coin
2014-P Shenandoah National Park Silver Uncirculated Coin

New from the United States Mint is the 2014-P Shenandoah National Park Five Ounce Silver Uncirculated Coin, the second issue this year and the 22nd overall from the series of America the Beautiful Five Ounce Silver Uncirculated Coins.

Pricing, Discount, Premiums and Higher Mintage

This latest U.S. Mint collector product is available at a regular price of $154.95. Subscribers to the series caught a special 10% discount and paid $139.45, or $15.50 less. Subscribers are those who have committed to receive the coins automatically when they are released. Either price is sharply lower than when the series was introduced in 2010 as those early coins sold for $279.95 a piece.

With the coin’s 99.9% pure silver composition and at Thursday’s London silver fixing of $19.66 an ounce, each has an intrinsic or melt value of $99.30. At its regular price, that places the U.S. Mint’s premium per ounce at $11.33. At the discounted price, the premium is down to $8.23 per ounce. Both are attractive, especially when compared against the Mint’s most popular silver product, the one-ounce proof Silver Eagle which has a premium of $33.29.

Mintages have been variable since the five-ounce series debuted. This year’s first coin, honoring Great Smoky Mountains National Park in Tennessee and released on April 7, has a mintage limit of 25,000 with 24,043 of those claimed as of Sunday, May 11. Expecting higher demand, the U.S. Mint raised the mintage of the 2014-P Shenandoah Five Ounce Silver Uncirculated Coin by 5,000 to 30,000. One factor in favor of increased sales is the higher population of Virginia, the location of the national park.

Shenandoah Coin Design

Designs on the silver coin are the same as those on Shenandoah National Park quarters which launched into circulation on March 31, 2014 with bags and rolls of the coins released on the same day.

US Mint artist Phebe Hemphill (b)
U.S. Mint artist Phebe Hemphill, Medallic Sculptor. Phebe is a graduate of the Pennsylvania Academy of the Fine Arts; she also worked as a sculptor at the Franklin Mint for 15 years. Phebe designed and sculpted the reverse of the Shenandoah National Park Quarter. Here, she inspects a plaster model of it.

Reverses, or the tails side, feature Phebe Hemphill’s depiction of a day hiker taking in the view from Little Stony Man summit. Inscriptions surrounding the design read: SHENANDOAH, VIRGINIA, 2014 and E PLURIBUS UNUM.

Reverse of the 2014-P Shenandoah National Park Silver Uncirculated Coin
Reverse of the 2014-P Shenandoah National Park Silver Uncirculated Coin

Common to all America the Beautiful coins, obverses bear the 1932 portrait of George Washington as designed by John Flanagan. Edges on quarters are reeded while the five ounce silvers coins are flat and incused with “.999 FINE SILVER 5.0 OUNCE.”

Photo of Edge Letterings on America the Beautiful Five Ounce Silver Coins
This photo shows the incused edge letterings found on all America the Beautiful Five Ounce Silver Coins. These happen to be bullion versions, which are described further below.

See how 5 oz coins are made at the U.S. Mint facility in Philadelphia.


2014-P Shenandoah National Park Five Ounce Silver Uncirculated Coins may be ordered from the United States Mint online product page, located here, or by phone using 1-800-USA-MINT (872-6468). There are no per household ordering limits.

Coins arrive encapsulated, set inside a protective outer box and come with a United States Mint Certificate of Authenticity.

Bullion Version of Shenandoah 5 Oz Silver Coin

Last week, on May 5, the U.S. Mint introduced the bullion version of this same issue, the Shenandoah National Park Five Ounce Silver Bullion Coin. Bullion coins bear a brilliant finish, lack the “P” mint mark and do not come in special U.S. Mint packaging.

Also, the U.S. Mint does not sell bullion coins to the public as they are produced for investors. Instead, its network of authorized distributors orders them in bulk and resells them in smaller quantities to coin and precious metals dealers or straight to the public. Bullion coins are typically available for several dollars per ounce over spot.

U.S. Mint sales of the Shenandoah bullion coin reached 15,200 in the first week and stand at 17,200 as of Wednesday, May 14.

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Still a fan of these underappreciated ugly ducklings. With mintage still relatively low they are high dollar gems of the future, even if silver never goes to $50,000 an ounce in 25 years.


I sure hope your correct Boz, I have been buying 2ea since the very first one.


i knew why This coin has Higher Minatge, 2 Reasons:
1- So many subsciption, $15.5 discount ,
2- US Mint will attend LongBeachExpo (June 5-7), this show have Investor, collectors and Dealers from China,


Bob. Congrats on buying two of each. That was my original goal…keep one and sell one. I goofed up and sold one more than I should have. So then I decided to sell the rest over time. I’ve never opened a box to look at one, all remaining still in sealed boxes. I’m guessing they’re nice.


Kevin, open the boxes and look at them. You have 7 days to return them to the Mint if there are problems with them. Kept some first spouse coins in the box (gold can`t corrode, it’s gold!), opened them and found rose spots. It is better to look and be sure.


Kevin is not opening the boxes (as many of us do) because they are worth more unopened when we flip them. Not our call, that’s the way the market dictates it (unopened from the mint is the next best thing to having a 70 graded coin from NGC or PCGS to flip).
Cheers Ronnie!