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

Oh come on. Where is the Anti-Mint Modern Garbage Establishment!?! Wait does this make me the 1%?

 

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Was gonna buy a couple of pieces, but sound like they are very small and paper thin...so IDK yet. How much are they? what is the weight?

 

Its been repeated many times that they are 1/10th of an oz pure gold.
I don't believe this is regurgitating a design. Its just a tribute to the series on the 100th anniversary. They're not going to make these every year like the buffalos. They've got to be very similar in size to a 1/10th oz age. We've already said the diameter is 8% smaller than the original. To some that may seem like a lot but it's likely barely noticeable side by side. The thickness difference from the real one is a fraction of a millimeter. You'd have to get out a good caliper to notice a thickness difference from a real merc. Its getting blown way out of proportion IMO.

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1/10 oz.

No pricing yet. If I had to guess, not far off the 1/10 proof eagle price.

 

Also by the mint's description they apparently wanted the weights to reflect the denominations. So 1/10 of an oz for the 1/10th of a dollar dime. 1/4 oz for the quarter, half oz for the half.
Agree or disagree with their logic, at least there was some logic to it.

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If they followed the dimensions, the coin's weight would be some random decimal figure. As a commemorative coin that's not following any historical lineage, its nice to have a even round number that you can market more easily. If you can get close enough on size, getting the weight to an even figure is better.

I am interested to see how much smaller the half dollar is as the 2014 gold Kennedy used 3/4oz to get its dimensions close to its standard counterpart. At 1/4oz less, the 2016 coin might be visibly thinner.

 

Here are the specs for those who were wondering. BTW, there was a coin world article out that said the dies lasted for about 1900 strikes before being replaced. So they used about 75 sets of dies to make these. May factor into the price.



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As long as the price is reasonable, I will buy a few. Those are my favorite design and in gold would look really nice.

 

That's my opinion too. A bit nervous about the price since it still has to remain a mystery but anything below 200 I'll be fairly happy.

Concerning the "high mintage" for a $200 or less, one time coin that so many people are complaining about across the internet, I have to ask, how can the mint win?
If they limited the mintage to 30k like everybody so desperately wanted, the same people complaining about the high mintage would complain about that.
Then the mint would be fielding angry phone calls from everybody who couldn't get theirs because they sold out too fast and theyre $1k on the secondary market. I guarantee the same people would be complaining.

I'm thankful they went with 125. Its probably about right and I won't have to stress if the website crashes. This mintage was the right thing to do.
Is it about getting a very nice pure gold coin in as many collectors hands as possible or is it only about allowing a lucky few to double their money like it's a lottery prize? The releases are supposed to be for collectors who want them. Speculation if you choose to do so is secondary IMO.

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The ASE 25th anniversary set had no trouble selling out all 100k in 5 hrs. That was a $300 product for 5 oz of silver in a fancy box. That was a 5 per household limit. What happened there?
Maybe these won't be as popular but who knows. Weve seen what can happen. Maybe theyll be more popular. There aren't many small denominations offered in pure gold.

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The price point will likely make these quite popular. The only other small gold offering from the US Mint is the 1/10 eagle which is released each year. This is a one off design that more people can afford compared to other commemoratives that are a 1/4oz or more.

I actually think the 10 per customers limit it too high. Dealers are going to gobble these up in mass. Im waiting for the email from MCM trying to get people to buy on their behalf.

 

IMO...They should make this gold dime the same size as the original 1916 dime same with the quarter and half dollar.

 

I don't do moderns. I never buy anything from the mint.

 

Oh, I'm a card-carrying member, but one willing to recognize when there's potential for longer-term viability. There are a few such. A few. "Exact" reproductions such as this coin are on that list of potentials; I could see it retaining "legs" as a desirable addition for someone with a full collection of original Mercs, for instance.

 

But they won't. The gold quarter will be about the size of a nickel, and the half will be the size of a First Spouse.

 

Not a commemorative. I don't care how often I need to correct people on this - these coins are not commemoratives. If they were, they'd be illegal. They are bullion issues.

 

I see your point but i just have a hard time buying anything new. I would just rather put the money towards a gold dollar or a quarter eagle.

 

Blah. Its just terminology. They are viewed as commemoratives. They are being made to commemorate a 100th anniversary. I don't think the official terminology has any bearing on the value of these.

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I bet you call any die break on a coin a "cud."

 

COIN OF THE CENTURY!!!