U.S. Mint Plans To Release 2011 Five-Ounce Silver Bullion Coins In Much Higher Quantities Than 2010

April 8, 2011 - PRLog -- The U.S. Mint plans to release the very first two coins in its 2011 five-ounce silver bullion coins in two weeks and with “substantially higher” quantities than in did for the 2010 series, the Mint said Thursday. Beginning April 25, the Mint will accept orders for the very first two of the 2011 “America the Beautiful” five-ounce silver bullion coins on an equal, allocated basis to its authorized purchasers, which is how the Mint distributes its bullion coins. Visit http://silver-dollar-values.com for more silver and gold tips.

In a memo to this authorized purchasers, the Mint said it'll issue these coins in quantities substantially greater than we did for the 2010 America the Beautiful Five Ounce Silver Bullion Coins Program. As a result, there will probably be no terms and conditions imposed on the 2011 America the Beautiful Five Ounce Silver Bullion Coins Program.

Particularly the Mint is allocating 126,500 coins initially for each of the very first two coins, and also the objective would be to have a minimum of a minimum of 126,500 coins for each of remaining 3 coins within the 2011 designs. It “may improve the mintage limit beyond the original release quantities based on marketplace demand and blank availability,” the Mint said. Visit http://silver-dollar-values.com for more silver and gold tips.

To take part in the program, authorized purchasers should certify they sold all of their 2010 “America the Beautiful” five-ounce silver bullion coins. The very first two coins are Gettysburg National Military Park and Glacier National Park.

The later part of last year the Mint had to hold off the release of the 2010 designs due to concerns of price gouging. Also, only 33,000 of every of the five, five-ounce silver bullion coins had been released. Members of a Congressional panel questioned Thursday why the U.S. Mint has produced a shortage of high-quality bullion coins, leading to a speculative run-up in value. Visit http://silver-dollar-values.com for more silver and gold tips.

The U.S. House of Representatives’ Domestic Monetary Policy Subcommittee was told that the country’s bullion coins are topnotch and have a possible high growth of profitability for the U.S. Mint and for the country. However testimony from the industry pointed out there aren’t enough of them.

“The problem is there is high demand, but a shortage of the coins,” summed up Rep. Ron Paul, R-TX, the chairman of the subcommittee.
The talk of a shortage brought sharp questions from some subcommittee members. “Why is that?” asked Rep. William Clay D-Mo., the ranking member on the subcommittee. “It’s the Mint’s duty to supply sufficient demand and not to produce a speculative run.” The subcommittee was told there's fantastic buyer interest in such coins. Demand and sales of the coins could improve 30 to 50 percent if the Mint would permit U.S. businesses to create more blank coins.

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