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

I'm disappointed with the price too. On the other hand you can't expect to pay anywhere close to melt on stuff like this. The planchets were made by somebody else and had to be acquired. You're paying for the dies. The packaging isn't free. That's probably 20 to 30 of it. Then they still need to turn a profit on top of that.
You'd get melt for a gold nugget you pulled out of the creek. That's merely a starting point. These have endured a lengthy process to get to this stage. We can be unhappy about gold price right now but this price point actually makes sense if you ask me. I doubt too many are surprised.


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Well I may not even buy more than a single one now as the pricing is ridiculous. Nothing more than a price gouge by the mint even proof gold eagles are sold less at 1/10oz size than this coin is going to be and I'm sure the proof dies go through a much more labor intensive process than what these essentially uncirculated finish coins get.

 

I'm not shocked, just sad I fell for the it will be priced as bullion nonsense. Should have known better.

 

Flippers complaining they are getting gouged...wow.

 

100 bucks.. .wow, where ? I was not commenting on your post, hit the Quote by accident... I was more or less just laying out their price of Gold. Just too much of an increase off of last years high relief price. I will buy some, dont know how many. Think at this price they last 6 weeks, maybe longer. Then again, it is low enough that aVG. Joe can buy one and plenty of those guys...

 

apmex has there price out if ya know where to look 209 for raw in ogp 299 for a ms 70

 

Do you have a link?

 

http://www.apmex.com/category/11811/2016-w-u-s-mint-centennial-gold-coin-series-half-quarter-dime now next to the alert button right click your mouse and inspect element the price is in the code

 

I don't know where to look. It's not posted on their website. If the mint is selling them for $205 plus shipping IDK how Apmex could sell them for $209 and have any profit left. Seems like a tiny margin for the effort.

 

My thoughts exacary

 

They probably put the price in expecting them to be equivalent in pricing to the proof gold eagles. I know many people expected a similar price myself included and they'll probably reprice them higher when they actually get them.

 

Possibly just an arbitrary number used to setup the page. The final US Mint sale price wont be set until Wednesday anyways.

 

They'll adjust that probably, but also remember that raw ones from big buyers like that are more likely to be grading rejects as well. The 70s are where they will make their money in the offerings.

 

You can get them BELOW ISSUE PRICE in a few months. Wait and save $30.

 

If your crystal ball says so but that's doubtful in my opinion.

 

The market is going to be flooded with these to the point that ebay may need to build an ark. I can almost guarantee they will begin to sell somewhere very close to issue price within a week or two tops. Maybe even slightly below issue price. Just think how many flippers and dealers will be getting 10. It's gonna be a bloodbath for the ones who don't see this coming. Make your money with presales NOW!... Huge mintage plus huge hh limit = bad gamble

Could I eat crow on this, sure. But I ordered the filet mignon with a side of lobster tail

 

You can order anything. That doesn't mean that's what's coming to the table.

 

True but what are the odds one don't get what one orders

I'm just saying that if I were creating a risk analysis assessment for these by inputting the known variables it would not be favorable

 

I'm not in these to flip and won't be conducting any presales. I'm buying one for each of my kids which will be held in my own collection until their old enough. Regardless of the household limit and mintage I simply don't see these selling for below issue prices in a couple months as Op originally posted.

 

I think you underestimate the demand for 1/10 oz gold in general -- and the Centennial dime in particular.

Over half-a-million 1/10 oz AGEs sold each year in 2013 & 2014. And nearly a million in 2015: http://www.usmint.gov/about_the_mint/index.cfm?action=PreciousMetals&type=bullion

And I think 1/10 oz gold buyers will go for the Centennial's higher price because it's a one-year-only issue.

And "Asian buyers prefer the .9999 fineness..." http://www.numismaticnews.net/buzz/first-collectors-then-investors#sthash.ryvIKbZu.dpuf

And AFAIK, there hasn't been a 1/10 oz .9999 gold U.S. coin since the one-year-only 2008 Buffalo.

And there are lots of Mercury fans.