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The 2010 Hot Springs America the Beautiful 5 Oz. Silver Quarter

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The 2010 Hot Springs America the Beautiful Five-Ounce Silver Quarter is among the first of a long line of large-size bullion coins issued by the United States Mint to honor some of America’s most famous national parks. Courtesy of PCGS TrueView. Click image to enlarge.

In 2010 the United States Mint began striking an innovative bullion coin series incorporating the America the Beautiful Quarter designs into a three-inch-diameter, five-ounce coin boasting .999-fine silver. The 12-year project included five different issues per year from 2010 through 2021 utilizing the lovely designs from the highly successful America the Beautiful Quarter series.

The 2010 Hot Springs America the Beautiful Five-Ounce Silver Quarter was one of the five first parks honored in this historic and beautiful coin design series. The other 2010 national park honorees include Yellowstone National Park, Yosemite National Park, Grand Canyon National Park, and Mount Hood National Forest. The Hot Springs America the Beautiful Five-Ounce Silver Quarter is in rarified company.

But why is Hot Springs, Arkansas, famous in the first place?

About the Hot Springs in Arkansas

There were two big reasons why people had been flocking to the “Hot Water of the Washita '' for centuries. The hot springs were a huge draw for local indigenous peoples, but the manufacture of their tools and weapons depended on the novaculite (flint or chert) they quarried in the area. The novaculite, once fire treated, could be knapped into weapons or tools with great expertise depending on the skill of the knapper.

The novaculite was highly valued as a trade item. Those knappers who had the skill to fashion weapons and tools were also highly valued in their communities as the engineers of their day.

Within just a few short years after the Dunbar-Hunter Expedition, taking place from 1804 through 1806, a thriving town sprang up around the hot springs to service the health seekers believing in the regenerative possibilities from the waters. Arguably Hot Springs National Park predates the first national park, Yellowstone, by four decades.

As early as 1820, the Arkansas Territorial Legislature requested the springs and adjacent lands be “set aside as a federal reservation,” though this isn’t to be confused with the use of the term “reservation” as has been applied to lands federally designated for Native Americans.

In 1832, President Andrew Jackson signed legislation to set aside “four sections of land including said (hot) springs, reserved for the future disposal of the United States (which) shall not be entered, located, or appropriated, for any other purpose whatsoever.” Despite Jackson’s legislation, Congress failed to pass anything for site administration or control. Private individuals and businesses continued to build on and over the springs for decades after.

Somewhat of a boomtown environment ruled for decades until the Great Fire in 1878. Much of the town was destroyed, but many locals considered the fire a blessing that changed the frontier-town atmosphere to that of a bustling and appealing spa city with the stringent standards enforced for new construction afterward.

Officially Hot Springs National Park wouldn’t actually exist until March 4, 1921, in the years after the 1916 establishment of the National Park Service by Congress. Even in the years after Hot Springs National Park was established, some of the frontier-town atmosphere remained, perhaps most notably in the operation of 10 major casinos and many more small gambling houses. While only 16,000 permanently lived in the vicinity, the hot springs drew nearly a quarter-million visitors a year during the early 1930s. Some might even say the Hot Springs area was the “Las Vegas” of its day, drawing such movers and shakers as actors Elizabeth Taylor and Marilyn Monroe, athletes Jack Dempsey and Babe Ruth, commerce magnates Andrew Carnegie and F.W. Woolworth, bookmaker Jimmy “The Greek” Snyder, casino mogul Lester “Benny” Binion, and even politicians such as Franklin Delano Roosevelt and Ronald Reagan.

By the 1960s, violence and other undesirable elements led the federal government to descend upon Hot Springs to clean house. While casinos still legally operate there today, Hot Springs is a vibrant and popular vacation spot for people of all ages, families, and others seeking an enjoyable getaway.

About the Hot Springs America the Beautiful Silver Quarter

Let’s look at the Hot Springs America the Beautiful silver bullion coin! The Mint State and Special Strike coins are specified by the following PCGS numbers, with their respective mintages and populations (as of May 2024).

PCGS Spec Number/Mintage/Issue/Total Population (All Grades)

  • #504965, 33,000 Minted, 2010 Hot Springs Silver, MS – 1,828
  • #506576, (Included Above) 2010 Hot Springs Silver, MSPL – 1,497
  • #506577, (Included Above) 2010 Hot Springs Silver, MSDMPL – 4,409
  • #504970, 28,788 Minted, 2010 Hot Springs Silver, SP – 1442
  • #508750, (Included Above), 2010 Hot Springs Silver, Light Satin/SP – 51

I’ve listed the total number of coins that PCGS has graded of both the Mint State and Special Strike issues to compare with that of the original mintage of each. The Hot Springs five-ounce bullion issues were one of the five first American the Beautiful of their type produced by the U.S. Mint. Their bullion content is the predominant feature of these beautiful coins, but the modest mintages are also noteworthy, particularly for those interested in relative numismatic scarcity.

As with all bullion issues, the premium you pay over the melt value of the particular item should always be a consideration. This U.S. Mint bullion product in its substantial five-ounce weight, with these anemic mintages, could represent appealing opportunities for both investors and collectors. What’s more, there are no MS70, MS70PL, or MS70DMPL examples graded for this issue. Currently the PCGS Price Guide lists the highest graded MS69DMPL examples at $245.

The satin-finish issues of the America the Beautiful Hot Springs Quarter are relatively common for the regular silver issue, with a PCGS population of 289 in SP70 (as of May 2024), but the light-satin-finish example is quite scarce, with PCGS populations of just 19 and four in SP69 and SP70 (as of May 2024).

PCGS Price Guide values for these issues are similar to their Mint State counterparts in that the prices for the lower-graded examples are much a function of the coins’ melt value, with only small premiums for MS68 and lower-graded coins. The satin-finish issues in all PCGS grades carry a premium over their melt value, with only 51 total examples graded by PCGS (as of May 2024).

Currently, PCGS Price Guide values for the satin-finish issue are at $275 and $500, respectively, in SP68 and SP69. PCGS has graded only four SP70 satin-finish examples, and none of these four coins has traded publicly.

Bullion: Silver Articles Modern Coins America the Beautiful Quarters

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