Poll: 2016 gold Mercs: Who's in, who's out?

If I were to buy any of them, I would probably buy the gold Mercury, but I can also think of many other things I'd much rather buy for the price (presumably around the cost of a 1/10 oz AE, but likely higher). I probably won't buy one, though I find the concept intriguing and interesting. Like many things, the secondary market will probably go nuts for a while after release, but prices will likely settle down much later. I'd rather consider buying one at that time than now. But that's just my inflation-riddled 2 cents worth.

 

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BULLION

 

This poll is starting to look as split as the presidential primaries. Can't we agree on anything!?

 

Hey that's one of the great things about collecting. We DON'T have to agree.

 

Guess I'm the only one who is "waiting for aftermarket sales 3 years from now to get mine". I really love all 3 of these designs, especially the Merc! But let's face it, with a mintage of 125,000(max), that's more than enough to satisfy all collector demands and initial hype wears off pretty fast. Unless the gold market spikes, then I'll be upset.

 

Go figure, as of this post 5 (edit:6) persons chose this, and I'm not even one of them. I went "overhyped bullion", just for the record.

 

I'll get one sooner or later but I have other coin priorities. Unless I get one at a really good price.

 

I think with a mintage at 125,000 there isn't all that much room to make a large profit, plus the desirability for these are dropping with the FB issue.

Assuming they'll be around the price of the 1/10 AGE, I don't think they're worth it, both from a collector's and a seller's point of view.

 

I see a rather stout amount of insight in your post, sir. Since the 1/10 AGE is classic gold alloy, and the Buff and the Merc are .9999, they'll be even a little smaller than the AGE is, at least in thickness. A first look says the diamater is the same as the 1/10 AGE, and way less than the dime, so all they can do is reduce the thickness. Can hardly wait for the "gold quarter the size of a nickel."

 

You didn't have to explain yourself. That's the answer that I custom tailored for you.

 

And even so, 3 other people less inclined than I am to "speak truth to goldbugs" agreed. I've also written numerous published articles and letters over the years telling goldbugs like Patrick Heller they're nuts.

As of now, I only own one modern U.S. gold coin - the first year 1/10oz. AGE in proof. I sold every other one in August 2011. Bullion value - no premium. Prices were a classic bubble about to burst. I do own one of your avatars, though.

 

Interesting topic. I wonder what the mintages will be on the quarter and half dollar? I could see people buying this one thinking about the quick flip and get burnt. It might make the next two releases interesting if people get turned away from the first one for what ever reason. Right now I"m thinking about one or two dimes I'll wait and see what the price is on release.

 

Just for grins, assume $175. Then what?

 

They're nice but I was never initially interested in this 3 coin series. Shoulda been silver!

 

Well the more I read about them the more I'm thinking I might only be getting one.

 

For me, I'm just not a big fan of regurgitating classic coin designs. Take the ASE's for example. They have a classic design, are sold in the tens of millions each year and dilute the beauty of the WLH. That's just my opinion. Too much of a good thing....

I like ASE's, buy one of each (bullion, burnished and proof) each year, but I don't look at the WLH with the same "awe" anymore.

 

Full disclosure: I rarely will be buying modern gold anyway, because I think the metal itself is still vastly overpriced and due for a mini-collapse as more people realize that inflation just ain't a-comin', but even if I liked this piece for every other reason, and I don't, if these bozos at the Mint end up selling these without an FSB strike, wow, that might be the last straw.

I mean, if the U.S. Mint can't pull these off in FSB with .9999 gold, I say outsource the die prep to the Chinese. They'll be able to handle it!

Or could this be the one? - the one where the Chinese fakes are better than the legit ones.

 

In my opinion small time flippers that get their orders late probably will get burned a little bit, since they're priced like bullion there's less of a risk than if the mint attached it's stiff premiums to it. That said as long as they don't go to mint to demand or increase the mintage substantially I believe all three will sell out or come close to it. This "set" is a dream product for the TV shows with how much you can potentially hype it and make comparisons to their silver counterparts.

 

one

Uh oh, we found something else we agree on. (gotta stop that) The line about TV sales, and these (not as much this one per se) being right in the Cable TV wheelhouse, you're spot on. At least there'll be no Jony Ive from Apple hyping, "these are the goldest dimes we've ever built".

 

Most all US Mint gold coins are $5 (~1/4oz) or larger. There have been few options for those that want less expensive US gold outside of 1/10 Gold Eagles. With the small size and lower price point, this little guy might be pretty popular.