Mercury Dime 2016 Centennial Gold Coin

At only 1/10 ounce, I think that the Gold Mercury coin will sell out very quickly and be extremely popular among collectors both rich and poor. I also expect a very high hype wave to sweep over the numismatic community which will cause many jaws to literally drop to the floor.

A can't even imagine what the hammer price will be on that very 1st First Strike MS70 coin will be but no price will surprise me!

 

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Okay @19Lyds, educate me - How does a "mint to demand" product sell out, quickly or otherwise? Yes, the initial inventory could sell quickly, but since there's no maximum mintage, well...

Look for a price like $175 for the first one.

 

Hi Mr Bellman. Sorry not sure how you want to be addressed I was worried about having issues with the Mint website and getting shut out of getting the gold dime. I was trying to confirm your "mint to demand" statement but have not seen it listed on either the US mint web site or other coin related web sites. Can you direct me where I can find that information? Thanks!!!

 

Simple logic. These are bullion coins, plain and simple. Which bullion coins have NOT BEEN "mint to demand"? Kennedy half? Nope, that one was mint to demand. Buffalos? Eagles? 2009UHR? Fractional Buffs? Reverse proof Buffs? Proof Platinum Eagles? Proof Silver Eagles? First Lady? All - NOPE. All bullion coins are "mint to demand". These are 100% (okay, 99.99%) bullion coins. They are NOT commemoratives, which require legislation, legislation that includes limited mintages.

I'm not sure why more people don't see the pattern. I consider it willful blindness.

 

Thanks for the response!!! I guess given the "classic" designation I wasn't looking at the coins as bullion but that makes sense. I appreciate your information!!

 

Since the Treasury Department has carte blanche on these, and they do, selling more is better for them than selling fewer. Guess what they'll do. Oh yeah, they'll sell fewer, because they care more about a robust secondary market, than their own earnings.

 

He prefers to be addressed by his true name. It's dog spelled backwards

Kurt, I see your logic and you have convinced me the gamble is not worth it on these. Maybe I'll get a couple dimes for a quick flip (something I don't do really) just to see what happens. I'm much more interested in dan Carr's overstrikes coming soon. And possibly the fantasy wide boarders. There will be a much better ROI with those imo

 

I'm okay with dog spelled backwards as long as you don't capitalize it.

I agree with you about Danny's pieces. Love 'em or hate 'em, they usually appreciate.

 

Uhhhh.......Coin World, March 28th issue, Cover Story, states:

"While mintage limits and household
ordering limits still need to be determined,
according to U.S. Mint spokesman Michael
White,...."

 

Well, we're gonna know soon if there's mintage limits or not. In 19 days actually. Just because they haven't done it before doesn't mean they absolutely can't for these. I noticed on ebay the pre-sale auctions are already up for the Mercs and they range from $630 to $895 to reserve ONE. If that tells you anything.
I think the mint website will be crashing for these.

With these being the most affordable of the set there probably will be more demand from more people and there's probably a lot of Mercury dime enthusiasts lined up for these. I actually won't be disappointed if they mint to demand. I'd rather be able to get one or two without the stress.

 

What hasn't it crashed for

 

Lol

 

2015 $100 Platinum Eagle. I ordered one, no problem.

But that sold-out the entire release of almost 4,000 coins in less than 10 minutes.

Maybe it didn't have enough time to crash?

 

I think you just got lucky in all honesty lol. Congrats are getting one of those though

 

Platinum was not on my radar. But I saw a thread offering $50 instant profit on the 2015 Pt Eagle. Did some research, figured there was minimal risk.

Now it's a permanent part of my collection. And my most valuable coin. Also likely the only Pt coin I'll ever own. (For Pt money, I'd rather have gold.)

 

There was a period where they had some of my favorite designs for the year, sadly that period has passed.

The 2012 is is arguably my favorite modern design. I hate seeing them get lazy with such an expensive series

 

Its amazing that this release is 12 business days away and they don't even have a picture of the product available on the website, mintage info or potential house hold limit posted.
It doesn't seem like they're advertising these too well. If a guy wasn't keeping up with numismatic publications and forums you wouldn't know what was going on.

 

I sure would have liked to see the original 90% silver, maybe with a 1916-2016 date. But it is too late. And, as somebody explained a few weeks ago, Congress has to authorize silver commemorative...

I cannot afford the gold.

Oh well.

 

Let's think about why this is so. I submit it is because United States Mint management are numismatic morons. I base this on having spoken to them face to face. They are utterly out of their element. No one, literally NO ONE currently at the Mint in a management role understands numismatics or the collector mindset. They thought they could gauge demand for the Truman and Eisenhower Coin and Chronicals Sets by looking at how the FDR C&C set sold. It never occurred to them that having a variety that couldn't be obtained any other way (the reverse proofs) would make a difference in demand or sales. They are clueless career political "yes man" drones, all of them.

 

Seriously believable.

Maybe a bit of cronyism and the Peter Principle are also in play.