White Mountain 5 Ounce Silver Coins, Same Melt Values, Different Prices

Last week the United States Mint released two different 2013 White Mountain 5 Oz Silver Coins under similar America the Beautiful 5 Oz Silver Coin programs.

2013 White Mountain National Forest 5 Oz Silver Uncirculated Coin

2013 White Mountain National Forest 5 Oz Silver Uncirculated Coin – the collectible version of the release

Each of the coins has identical designs and specifications, including a three-inch diameter and a composition of five ounces of .999 pure silver. They also have identical melt values, which is 5x the current price of silver. However, buyers will find the two silver coins priced differently due to their finishes and availability.

The coin with a brilliant finish, entitled the 2013 White Mountain National Forest Five Ounce Silver Bullion Coin, went on sale Monday, May 13, 2013. As its name implies, it is a bullion coin that the U.S. Mint produces as means for investors to own physical bullion (some collectors will buy them as well). Buyers will find this coin through precious metals and coin dealers for a bit over its current coin melt value. The U.S. Mint will produce the coins in amounts to meet demand.

The coin with an uncirculated satin finish, entitled the 2013 White Mountain National Forest Five Ounce Silver Uncirculated Coin, went on sale Thursday, May 16, 2013. This is a coin produced uniquely for coin collectors. Its price does not change daily based on the direction of silver prices. Only a very large swing in the value of silver would cause a pricing adjustment. The U.S. Mint is selling the uncirculated coin straight to the public for $179.95. It may be purchased online from the U.S. Mint storefront at www.usmint.gov/catalog, or by calling 1-800-USA-MINT (872-6468). The U.S. Mint has announced that it will produce a maximum of 25,000 of them.

Designs on both types of 2013 White Mountain 5 Oz Silver Coins are identical to those on the circulating quarters issued through the America the Beautiful Quarters™ Program, except that the bullion version lacks a mint mark. For reference, the White Mountain National Forest Quarter started entering circulation on January 28, 2013. The silver coins are struck at the U.S. Mint facility in Philadelphia, but only the collector uncirculated coin has a "P" mint mark on its heads side.

On the reverses is Mount Chocorua framed by birch trees. Surrounding inscriptions read WHITE MOUNTAIN, NEW HAMPSHIRE, 2013 and E PLURIBUS UNUM. Heads side designs feature George Washington’s portrait and the words UNITED STATES OF AMERICA, LIBERTY, IN GOD WE TRUST, and QUARTER DOLLAR. America the Beautiful 5 Oz Silver Coins also have edge letters noting their finesse and weight, namely 99 FINE SILVER 5.0 OUNCE.

White Mountain coins represent the 16th design in the America the Beautiful coin series. Every year five designs are released by the U.S. Mint that celebrates a different national site in the United States and its territories. The U.S. Mint started issuing the unique designs in 2010 and they will continue until at least 2021. The four other designs for 2013 will honor Perry’s Victory and International Peace Memorial in Ohio, Great Basin National Park in Nevada, Fort McHenry National Monument and Historic Shrine in Maryland and Mount Rushmore National Memorial in South Dakota.

Comments

  1. I still think that bullion will have a bounce back period where silver is back to trading around 40 dollars.

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