Mercury Dime 2016 Centennial Gold Coin

I'd like to ask them just one question: What coins do YOU collect?

I'm guessing the most common answer is, "None."

2nd most common answer: IRA gold bullion.

 

Log in or Sign up to hide this ad.

I can,t understand why anyone would pay over spot for a high mintage bullion coin. Just as the 2014 gold Kennedy, they will probably start high and end low(a few bucks over spot) and when gold tanks, these will do the same!

 

I wouldn't doubt that one bit Kurt. I'd also be surprised if any of them actually had a job interview for the position. Most likely we have peoples buddies and relatives in there doing the job. If they cared it shouldn't be that hard to hire one person with a clue.

 

Or the cousin of a state coordinator of a campaign some year. Maybe the coordinator him or herself. They're all nervous as long-tailed cats in room full of rocking chairs, and their primary skill seems to be avoiding making a decision while making their boss look good. I'm around the type all day, every day, and it's just sick(ophant).

 

I could not agree more which is strange. Since you and I butt heads so often.

 

The problem is, as stated, they have no clue on how the numismatic market works and instead rely upon "figures" and "data" to support their decisions. This is typical government operations. "Facts" without understanding the basis of the facts.

 

Amen, brother. "Big data" without cogent analysis is..., well..., umm..., what my boss had before he hired me. Unfortunately, the current fascination (fetish too strong a word?) with data analytics threatens to turn us all into clueless dolts, as a nation. Someone has to be able to sort the grain from the chaff.

 

How about the "Design Selection Process"?

Here's an example: http://www.usmint.gov/mint_programs/atb/?action=designselection

I'm amazed they're able to get anything done.

 

COST OF THE THREE COIN PROBABLY BE $400, $795 AND $1,200.

 

Those numbers are way too high. There is a pricing matrix published by the mint for all .999 gold issues. Remember, these are bullion issues, not commemoratives.

 

Pricing should be similar to the AGE proofs: $175, $410, $795.
(Based on spot gold $1200 - $1250)
http://demandware.edgesuite.net/aar.../2016PricingGridNumismaticGoldandPlatinum.pdf

 

Oh, but remember, there's the super-secret maximum mintage and draconian household limits still to be announced.

 

125,000 max mintage, 10 per hh limit.........

Flippers gonna hate this...........

 

Almost double the mintage of the Gold Kennedy. Will be much more affordable but 125k probably does kill any chance of appreciation besides the first wave and if gold were to spike

 

There are already presales on Ebay.

I predict this issue will still be yet another example of people proving that financial prudence can be inversely proportional to the amount of money they have to spend.

 

I haven't seen any of those sell yet which seem to be priced rather steep though who knows what the mint will do with the pricing. I could see doing an ebay presale if you had some ebay bucks that needed to be used soon, but I agree I have a hard time believing those first purchasers will be happy with the price they paid in a few months.

 

They should make the capsule out of convex magnifying lenses so it looks the size of a dime.

 

125k with a household limit of 10 seems low to me. Alot of dealers will be snapping up huge batches of these and like I said, being more affordable, there will be higher demand. The 2011 ASE set was $300 with hh limit of 5 at 100k and it sold out in a couple hours.

Sent from my XT1093 using Tapatalk

 

What does product limit none mean?

Sent from my XT1093 using Tapatalk

 

I'm pretty sure it means that after all 3 coins have been introduced, they'll be selling 3-coin sets in addition. I'm guessing pretty wood cases will be involved.

The entire issue, 12,500 oz., can be handled with 31.25 Fort Knox sized bars.