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Ellis Island 5 oz Silver America the Beautiful Quarters Sell Out

September 12th, 2017 by

Every three months, the coin collecting community anticipates with great excitement the release of the U.S. Mint’s new America the Beautiful (ATB) coin design. These designs, which celebrate the country’s historic sites and national parks, don’t only appear on circulating quarters but are also used for popular five-ounce silver bullion coins.

The level of anticipation is made obvious by the fact that the mint’s newest issue in the ATB series honoring the Ellis Island Monument in New Jersey has already sold out at the mint!

Hot Off the Press

In a matter of just three days after the new Ellis Island silver coins went on sale, the full allocation of 40,000 coins was scooped up by authorized purchasers. (The mint doesn’t sell these its bullion coins directly to the public, and instead distributes them to the APs who in turn provide the coins to buyers for a small premium. This same process holds true for American Silver Eagles, as well.)

Reporting by Coin World explained that no more of the 2017 Ellis Island 5 oz Silver Coins would be struck by the mint. Once inventories at the mint became exhausted on August 31st, production shifted to the next installment in the America the Beautiful series, a design relating to the George Rogers Clark National Historical Park. These new designs will be available for purchase in mid-November.

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The reverse design of these coins (pictured, above) show an immigrant family arriving at the shores of Ellis Island. The child in the image waves a small American flag, while the whole family wears a number on their clothing that was assigned to newly-arrived migrants upon entering the country. Ellis Island is historically significant as the main entry point for millions of immigrants to the United States in the 19th and 20th centuries.

While the Ellis Island silver ATB coins are now rapidly entering the secondary market, where they undoubtedly command higher prices, these .999 fine silver coins are still available for sale at Gainesville Coins.

 

The opinions and forecasts herein are provided solely for informational purposes, and should not be used or construed as an offer, solicitation, or recommendation to buy or sell any product.

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