2011-P Olympic 5 Ounce Silver Uncirculated Coin Available

The United States Mint released its 2011-P Olympic National Park 5 Ounce Silver Uncirculated Coin on Tuesday, November 29, 2011, at Noon (Eastern Time). The coin is the third release this year and the eighth in the Mint’s America the Beautiful Five Ounce Silver Uncirculated Coins™ series.

Listed for $229.95, the Olympic silver uncirculated coin is at the same price point as three others in the series which are still available — the 2010 Mount Hood National Forest Silver Uncirculated Coin, the 2011 Gettysburg National Military Park Silver Uncirculated Coin and the 2011 Glacier National Park Silver Uncirculated Coin. According to the latest Mint figures as of November 21, Mount Hood’s sales stand at 25,471, Gettysburg’s are at 15,463 and Glacier’s are at 12,574.

America the Beautiful 5 Ounce Silver Uncirculated Coins are numismatic versions of the Mint’s America the Beautiful Silver Bullion Coins™. Both series feature strikes composed of five ounces of .999 fine silver and diameters of three inches. However, where the bullion coins are struck to bullion quality for investors and sold initially through the Mint’s network of authorized purchasers, the uncirculated coin series was created for collectors with an uncirculated finish and are sold directly to the public by the Mint.

Both series also feature almost identical obverse and reverse imagery taken from yet a third United States Mint series — the America the Beautiful Quarters®. Like those quarters, the five ounce silver coins contain an obverse portrait of George Washington and reverses emblematic of selected sites of national interest from around the United States and its territories.

The associated Olympic America the Beautiful Quarters were released earlier this year on June 13, 2011 when the United States Mint first made bags and rolls of the strikes available for purchase. That same day, the Federal Reserve Bank released millions of the Olympic quarters into general circulation. An official release ceremony followed the day after at City Pier in Port Angeles, Washington.

Monday, May 23, 2011, was the debut date for the Olympic silver bullion coin. It was then that the United States Mint started allowing its network of authorized purchasers to begin ordering the investment-grade strikes. According to the Mint at that release, an initial mintage of the bullion coins was set at 126,700. Their latest sales figures sit at 83,300.

Far fewer of the Olympic silver uncirculated coins will be available as the Mint has set a maximum mintage of 35,000. Also in place is a household order limit of five strikes. That limit will be re-evaluated after one week and then changed or removed as demand dictates, states the Mint.

The 2011-P Olympic 5 Ounce Silver Uncirculated Coin may be ordered at http://www.usmint.gov/ or via the toll-free phone number, 1-800-USA-MINT (872-6468).