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Saturday, February 25, 2012

US Mint Halts Sales of Silver Numismatic Products for Repricing

2011-dated America the Beautiful Five Ounce Silver Uncirculated Coins
The U.S. Mint suspended sales of each of its 2011-dated America the Beautiful Five Ounce Coins

As market prices for silver surged above $35 an ounce on Thursday, the United States Mint stopped selling several of its numismatic products that contain the white metal, including all five of its 2011-dated America the Beautiful Five Ounce Silver Uncirculated Coins™ as well as its one ounce 2011-W Uncirculated American Silver Eagle.

"This product is temporarily unavailable for product repricing," states each information page associated with the numismatic products.
No other related coins or sets have been suspended at the time of this writing, including the annual 2011-2012 America the Beautiful Quarters Silver Proof Sets for $41.95, the annual 2011 Silver Proof Set for $67.95, or the newly released 2012 Infantry Soldier Proof Silver Dollars which are actually available at lower prices today than last year’s commemorative coins — $49.95 for the proof dollar, $44.95 for the uncirculated dollar and $51.95 for the Defenders of Freedom Set.

Suspensions of United States Mint numismatic products are not unusual following sharp movements in precious metals prices. The bureau has both raised and cut prices in the past based on how metals have performed. Previous coin suspensions have lasted for days and even weeks. In some instances, products have returned at their same pre-suspension prices when bullion stabilized.

The five America the Beautiful Five Ounce Coins suspended by the Mint include those honoring Gettysburg National Military Park in Pennsylvania, Glacier National Park in Montana, Olympic National Park in Washington, Vicksburg National Military Park in Mississippi and Chickasaw National Recreation Area in Oklahoma. Each of these coins contains five ounces of .999 fine silver and was priced at $204.95 prior to their suspensions.

The one ounce 2011-W Uncirculated American Silver Eagle was priced at $45.95.

Check this site’s Silver Coin Price Guide for current sales figures and melt values for any of the above stated coins.
Source @CoinNewsNet