With silver at roughly $18 a troy ounce presently, what do you think a fair price would be for the Mint to charge for the upcoming silver versions of the America the Beautiful quarters?
Each coin will contain five troy ounces, or $90 worth of bullion.
It will be an unusual issue. The U.S. government has never issued five-ounce coins before.
The coin will have twice the diameter of a Morgan dollar and will be unusually thin, so thin in fact that a special new press had to be purchased in Germany to strike it.
That is new equipment, the cost of which, will have to be amortized during the coining program.
Because it is made of silver rather than gold, I think it is fair to say that on average the numbers sold each year will be higher than the numbers achieved by the First Spouse half-ounce gold coins, but considerably less than the popular collector versions of the silver American Eagle.
That’s a wide middle ground.
So what do you think? $149.95 for the proof and something less for the uncirculated? HIgher? Lower?
And how many will you be willing to buy at that price?