By David C. Harper, The BuzzDecember 07, 2010
A flood of complaints has caused the U.S. Mint to postpone the beginning of sales of the 5-ounce America the Beautiful silver bullion coins, which was slated for yesterday.
The Mint announced its decision late yesterday afternoon.
Interested buyers in the secondary market were confronted by prices that were at least in some cases 62 percent higher than the projected cost to the Mint’s authorized purchasers of the price of five ounces of silver plus $9.75 per coin. This cost at yesterday’s $30 silver price works out to roughly $160 a coin.
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