This article was originally printed in Numismatic News.
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The Gettysburg design will be the first of the 2011 America the Beautiful 5-ounce coins to be sold to the Mint’s Authorized Purchaser network in late April, the Mint has announced.
The Mint has 125,000 of the coins produced and ready to go at the Philadelphia Mint, according to Acting Mint Director Richard Peterson.
The five 2011 ATB bullion coins will be offered one at a time in sequence unlike the 2010 coins, which were sold only as part of 33,000 five-coin sets.
Rules imposed on the AP’s to ensure fair distribution for the 2010 sets will not apply to the 2011 ATB sales, though the Mint plans to allocate the coins evenly to the AP’s that want to sell them to their usual bullion coin distribution channels.
The Mint is also giving the AP’s the chance to escape the distribution rules for the 2010 coins.
Once an AP has certified to the Mint in writing on its letterhead that it has sold all of its share of the 33,000 sets sold by the Mint last year, it will be free to enter the secondary market to buy additional supplies in numbers and at prices that are not subject to Mint scrutiny or control.
This certification also is a required step for the AP to participate in the 2011 program.
Availability date for the numismatic version of the 2010 set has not yet been determined. The Mint has 27,000 sets of these that it will sell directly to collectors through its website and telephone order numbers.
The 125,000 number is likely to apply to all five designs this year, Peterson revealed, though the numbers could be raised depending on the availability of blanks and public demand.