Maybe if the mint wasnt so greedy people would buy.
2011 ATB Five Ounce Silver Bullion Coin Sales Slow to a Crawl
September 1, 2011 By Michael Zielinski 3 Comments
Since the last report published about a month ago, the United States Mint has recorded sales of just 4,100 of the 2011 America the Beautiful Five Ounce Silver Bullion Coins. This is a dramatic change compared to earlier in the year, when the first two designs had sold out of a combined 253,400 coins in less than one month.
The series of over-sized silver bullion coins was authorized under Public Law 110-456 America’s Beautiful National Parks Quarter Dollar Coin Act of 2008. The law created both a new series of circulating quarter dollars and a silver bullion investment product, which feature representations of a national park or site in each of the 50 States, 5 U.S. Territories, and the District of Columbia. Five different designs are scheduled to be released each year from 2010 to 2020, with a single design for 2021.
The America the Beautiful Silver Bullion Coins were first released in December 2010, with only 33,000 coins produced for each of the five designs. The low mintages and initial high premiums charged by some dealers led the United States Mint to implement special terms and conditions for the authorized purchasers responsible for distributing the coins. The terms included a limit of