US Mint Suspends Eagle and ATB 5 Oz Coin Sales as Silver Prices Surge

February 24, 2012 by · 1 Comment 

Uncircualted Silver Eagle

This uncirculated Eagle was suspended Friday along with U.S. Mint 5 oz. coins

Sales of U.S. Mint collector products struck from 99.9 percent silver were suspended Friday as silver prices advanced closer to their melt values. No longer available to order are America the Beautiful Five Ounce Silver Uncirculated Coins and the American Silver Eagle Uncirculated Coin.

U.S. Mint coin pricing policy closely follows precious metals prices in London. The London silver Fix jumped $1 to $35.57 an ounce on Friday, extending its winning streak to six straight days in which prices have rallied $2.39, or 7.2 percent. In terms of melt values, that brought the five ounce coins to just $27 away from their U.S. Mint listed price of $204.95 and the uncirculated Silver Eagle only $10.38 away from its price of $45.95. As collectible coins, the U.S. Mint apparently prefers a larger buffer.

America the Beautiful Five Ounce Silver Uncirculated Coins that have been suspended include those celebrating 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 is 2011-dated. The U.S. Mint is yet to release any of the 2012-dated issues.

Based on past practice of the U.S. Mint, the suspensions are expected to remain in place for several days until either coin prices are adjusted or precious metals retreat. Any volatility in metals will tend to stretch the unavailability period of the coins.

Unaffected by silver’s rise, at least at this point, were the Mint’s 90% silver coins and its commemorative coins. They remain available.

For reference, current U.S. Mint collectible silver products, their prices and current melt values are shown in the following table:

Numismatic Product Price Melt Value* Suspended
2011-W Uncirculated Silver Eagle $45.95 $35.57 Yes
Gettysburg ATB 5 Oz. Coin $204.95 $177.85 Yes
Glacier ATB 5 Oz. Coin
Olympic ATB 5 Oz. Coin
Vicksburg ATB 5 Oz. Coin
Chickasaw ATB 5 Oz. Coin
2012 Proof Infantry Dollar $49.95 $27.51 No
2012 Uncirculated Infantry Dollar $44.95
Defenders of Freedom Set $51.95
2012 ATB Quarters Silver Proof Set $41.95 $32.16
2011 ATB Quarters Silver Proof Set $41.95
2011 US Mint Silver Proof Set $67.95 $47.60
September 11 National Medals $66.95 $35.57

*Melt values are based on the London price of $35.57 fixed on Friday, February 24, 2012.


One Response to “US Mint Suspends Eagle and ATB 5 Oz Coin Sales as Silver Prices Surge”
  1. ToddHoss says:

    I’ve been bullish on those 5 oz. ATB’s for some time now. While disparaged for some, with recent silver spot price increases closing the melt-to-price gap, I ordered more the day before they were halted. I was going to place another order on Friday, but they were pulled… Oh well…. At only 35,000 made for the Uncirculated “P” mintmarked version, a nice buy while it lasted!

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