(Kitco News) - The U.S. Mint plans to release the 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.

Starting April 25, the Mint will accept orders for the 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.

In a memo to this authorized purchasers, the Mint said it will issue these coins “in quantities substantially higher than we did for the 2010 America the Beautiful Five Ounce Silver Bullion Coins Program.  As a result, there will beno terms and conditions imposed on the 2011 America the Beautiful Five Ounce Silver Bullion Coins Program,” the memo said, emphasizing the words “no terms and conditions imposed.”

Specifically the Mint is allocating 126,500 coins initially for each of the first two coins, and the goal is to have a minimum of at least 126,500 coins for each of remaining three coins in the 2011 designs. It “may increase the mintage limit beyond the initial release quantities based on market demand and blank availability,” the Mint said.

To participate in the program, authorized purchasers must certify they sold all of their 2010 “America the Beautiful” five-ounce silver bullion coins.

The first two coins are Gettysburg National Military Park and Glacier National Park.

Late last year the Mint had to delay the release of the 2010 designs because of concerns of price gouging. Also, only 33,000 of each of the five, five-ounce silver bullion coins were released.

 

By Debbie Carlson; dcarlson@kitco.com

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