The debuting 2010 America the Beautiful Silver Coins are commanding enormous prices in the secondary market.
The 5-ounce bullion coins were released by the US Mint on December 10 and its network of Authorized Purchasers ordered all 165,000 of them by December 23.
Finding sources to buy the coins from is difficult because of the low 33,000 mintage per each design and because most of the Authorized Purchasers are yet to offer them.
Many of the AP’s are still working on the logistics of re-selling the new three-inch diameter silver coins. Some have let at least a portion of their inventory go as a few have made their way into the secondary market where collectors are, apparently eagerly, handing out huge sums of money to acquire single and 5-coin sets.
The AP’s, who are the only ones allowed to purchase bullion products directly from the US Mint, paid $9.75 per coin plus the value of their silver value at the time of purchase. (Read about the terms and conditions Authorized Purchasers must follow to order the coins from the Mint.) Given the time frame of when the 2010 America the Beautiful Silver Bullion Coins were released and then sold out, the Mint received around $160-$170 for each. Once purchased, the AP’s can resell them for up to 10% more to individuals who then are free to do with them as they choose. Some early buyers have made the decision to make a profit by selling.
On eBay, America the Beautiful coin prices have been ranging from an average of around $400 for single coins to about $2,200 for a set of five of each 2010 design. Graded coins are going for substantially more at auction, with one five-coin set in MS69 realizing nearly $6,500.
On January 11, "Buy It Now" eBay prices for singles were at the $675 level for ungraded strikes. 5-coin sets ranged from a low of $2,500 for ungraded to $4,295 for NGC Gem Uncirculated. A NGC MS69 set was listed for $6,995.
TV shopping shows are offering them as well, but at steeper prices. Sets of five are listed for prices ranging from $3,500 to $4,800.
The five 2010 America the Beautiful Silver Bullion Coins include strikes honoring Hot Springs National Park in Arkansas; Yellowstone National Park in Wyoming; Yosemite National Park in California; Grand Canyon National Park in Arizona, and Mount Hood National Forest in Oregon.
The US Mint announced it would release collector uncirculated versions of these coins in early 2011. These the Mint will sell directly to the public. 27,000 have been minted for each of the give 2010 designs.