Melt Value of 2012-P Hawaii Volcanoes 5 Oz Silver Coin Starts at $168.65

On Monday, September 24, 2012, the U.S. Mint released its 2012-P Hawaii Volcanoes 5 Ounce Silver Uncirculated Coin for a price of $204.95.

2012-P Hawaii Volcanoes 5 Oz Silver Coin

2012-P Hawaii Volcanoes 5 Ounce Silver Coin

It is the fourth issued in the series with a 2012 date and the fourteenth overall.

Given that silver in London was fixed at $33.73 an ounce, which translates to a melt value of $168.65, and the Hawaii Volcanoes coin has five ounces of 99.9% fine silver, the cost above its melt value is $36.30.

That is, by far, the lowest premium of any previous 2012-dated release. The prior three silver coins had significantly lower melt values when they debuted since silver prices were so much lower.

Product Date of Release Silver Price on Release Melt Value on Release
2012-P El Yunque 5 Oz Silver Coin May 29, 2012 $28.25 $141.25
2012-P Chaco Culture 5 Oz Silver Coin July 9, 2012 $27.24 $136.20
2012-P Acadia 5 Oz Silver Coin August 13, 2012 $28.05 $140.25
2012-P Hawaii Volcanoes 5 Oz Silver Coin September 24, 2012 $33.73 $168.65

 

All of the 5 ounce coins have the same melt value at any given time, but this latest Hawaii Volcanoes Silver Coin could catch more buyers’ attention early given it launched while silver was higher. Its design may be supportive of opening sales as well. The reverse, by Charles L. Vickers, depicts an eruption on the east rift of Kilauea Volcano. The volcano is in Hawaii Volcanoes National Park located on the Big Island of Hawaii.

This latest coin may be purchased from the United States Mint website at http://www.usmint.gov or by calling the bureau’s customer service at 1-800-USA-MINT (872-6468).

The 2012-P Hawaii Volcanoes Silver Coin is a part of the America the Beautiful Five Ounce Silver Uncirculated Coin series. Depicted on each coin is a national park or other national site. One will eventually get honored in each state, D.C. and each U.S. territory. In total, 56 sites will be honored with coin dates ranging from 2010 to 2021.

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