Experience in ordering Mercury Dime 2016 .9999 Fine Gold Centennial Coin 1/10 oz

At 12:00 pm I added 10 sets on the cart but the website kicked me out , after tried 3 times finally I Ordered Mine 10 coins at 12:08 pm 04/21/2016 ,then I checked the Mint’s website at 12:12 EST and it said “Backorder.” at 12:52 EST US MINT website shows “This product is currently Unavailable. Now they are gone! So fast! Only 1 hour! Surprise me!
I listed the coins for sale on my ebay store and post on the cointalk " for sale" forums . I don't want to submit them to grading company , there are 2 reasons: 1. the grading fee, (including early release or first strike ) ,shipping fee. costs lot of money unless you are the dealer can get some discount. 2. I amnot sure the coins I submit is perfect 70' .I amnot the professional grader . Even dealers cann't tell sp69 or sp70 . If the result is sp69 there is no premium . Its likes gamble. That why most of my coins selling in Ebay are in mint condition, let buyer who has grading knowledge decide whether they want to send the coins for grading or not. For me I don't want to take the risk. Easy for me!
I love cointalk.com ,there are lots of experienced coin collectors and all of you are so nice , patient to share your experience!
God Bless You!

 

Log in or Sign up to hide this ad.

Really?

Congrats on getting your orders in dear fellows. I passed on this issue, but I do know the nail biting experience when it comes to ordering a popular item from the mint.

 

I can tell the difference and I'm not a dealer... you just have to know the difference and be able to see it.

 

Hi, sounds great. Love this coin myself . I just ordered a sp70. the premium is a lot higher. But, considering the low mintage, and the state of the art minting process these days. I would recommend grading them. an sp or ms 70 will sell for much more than the grading fee costs. I think you will get a lot of high grade coins , from these low mintage dies...good luck and best regards...old49er

 

Me, too! However, despite the fact that a 70 is supposed to be a perfect coin, you will still find some graders giving a 70 to a coin that should be 69.

Chris

 

However would a grader give a 69 to one of those perfect 70's?

 

Well, I will admit that I have never seen one in hand, but I have seen MANY coins that should be 68's end up getting 67's and a few 68's that were by far better than the rest of the 68's in the same batch.

Chris

 

@old49er I recognize your avatar photo! Did you buy that coin from me back in January or find it on the internet? In either case I'm flattered, what a small world, eh?

To the original poster, I can't help but notice you mentioned the SP69 graded Mercs have no premium. Now that may be true at the moment, but some people might say with such an iconic design every collector will want to own one making premiums go up for all grades in the not too distant future. We have quite a few more than 125k collectors in the US alone and the entry level price of 1/10th ounce of gold might make it appealing to a great deal of them.
Just thinking SP69 prices may not be this low forever....which is what always drives the coin market.

 

Hi Travlntiques, yes this is the coin you sold me. Daniel Carr overstrike. I love this coin.... as for the gold mercury dime. I think these will be worth a lot in times to come. especially if this is a one year type coin. does anyone think they will make more of these coins? or a proof issue, maybe next year? regardless. will still be first year issue ? regards to all Old49er

 

I only ordered one since I want to save enough money to get the other two that will be released. Let assume it would be graded a 69 (since I'm still learning to grade) would it be preferable to keep it in OGP state or get it slabbed and sell it with the OGP packaging

 

My feeling is leave it be in the OGP but others may advise you to slab it. Personally, with something like this, I think the fees associated with the grading of the piece will not justify themselves in the end.........

 

Ok, I only ask because when I purchase a coin online from a seller in OGP part of me thinks that its a defective coin. Especially if the seller normally sells slabs.

 

Hopefully the seller has a return policy? If you don't like the look of the piece when it arrives, send it back. A lot of these guys can cherry the '70's and those are the only coins they'll send in for slabbing.

 

There are plenty of people like me who are astonished that folks would pay to put these things in slabs at all.

 

I expect practically all these coins will grade 69 or 70.

There's likely no price advantage to slab a 69. For example, preliminary Apmex pricing last week was $240 OGP vs $280 for slabbed 69. That $40 won't cover your costs to slab.

So unless you can reliably grade a 70, don't get it slabbed.

 

I agree -- for new coins.

As Devilish says, dealers cherry-pick the best new coins for slabbing -- especially if there's a sizeable premium for 70-grade.

The leftovers sell in OGP. Yes, there might be a few overlooked gems. But more likely the leftovers are slightly lower quality.

I say slightly lower quality because almost all new U.S. coins grade 69 or 70. Look at PCGS and NGC graded populations, you'll see.

Edit: Before you slab, check the fees listed by PCGS and NGC. Shipping costs too. And typical turnaround is 21 days for economy submissions... with shipping time, you might not get your coin for a month.

 

There's another option: Some folks will pay a premium for coins in an unopened Mint shipping box.

This lets you sell now -- while the market is hot.

And it gives the Buyer a legit chance for a 70-grade coin.

Win-win.

 

Good advice, I'll look into it. On an unrelated side note. I received my silver proof set in the mail the other day, the box looked like it has been punted and unfortunately the contents were damaged. The box in your picture looks the same. Would you know when or why the mint changed to such small packages?

 

Until late last year, I hadn't bought anything direct from the Mint since the early 90's. So, no idea about recent packing changes.

Inside the shipping box, both my recent Mint orders arrived in fine shape. No problems, no complaints. Hopefully my gold dimes arrive the same.