2016 Gold Dime, Quarter & Half Dollar

I've been watching ebay listings on the 2016 gold dime, quarter and half dollar. I've watched auctions for ms70 and they are selling for about $10 to $50 over what the mint is (was) asking for them, I've seen a few go under the mint price, when you consider the grading and slabbing cost. How can this happen.

I hope I haven't posted this twice.

 

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The supply and demand, and price of bullion as that is what these technically are.

Just look at the products from 68 to present alot are under issue price after the initial hype has died, the money has been made on these and just because its at ms70 doesn't equate to a major increase when they are such large quantities of the grade

As with most of the first spouse issue it will be tied with spot price of gold

 

The hype over these pieces equaled the hype of a new Star Wars movie. But when they appeared, I heard a lot of collector complaints. Many expected the pieces to look very similar to the original pieces, but the ratio of gold to coin size didn't quite work out exactly for a few of the pieces and apparently some details were slightly altered. Plus, the premiums were high relative to the unfulfilled hype. Surprisingly, the set doesn't seem to have met expectations. All pieces are still easily found online and I've seen them readily available at coin shows as well. This doesn't help the flippers. The bullion price also plays into it. Hopefully the mint won't use this as an example that classic designs don't sell. I didn't help at all because I didn't buy a single one, mostly due to the markups. Time will tell whether or not their collectibility value makes up for the premiums.

 

Just don't buy those. Soon, their prices will be hovering around melt.

 

This can happen when lots of individuals and dealers are sitting on substantial quantities of these coins, hoping to sell them, and they are not selling. They lower the prices below what they paid for them, hoping to then buy other inventory that they can sell for a profit.
Some will hold on until (could be awhile) the bullion price increases to the point that the coin's bullion content (plus a reasonable mark-up similar to what you see with gold eagles) makes the coin more valuable than its original cost - then they will see a profit.

 

Mint coins sometimes have greater value if left in their OGP. Collectors want a 70 grade over a 69 grade, so 70s are worth a bit more and 69s a bit less than original mint prices. This is just a broad market generalization of values. There are many exceptions to this, but in general, I prefer my Mint products left in their original capsules, and in the future I,ll decide if it,s time to have one graded. If 69s are good for you, then you can usually get them for less than Mint prices if you shop wisely. Of course, supply and demand plays the biggest part in the bullion game.

 

I added all 3 coins to the collection directly from the mint. Not for Bullion value or coin value, but because I wanted each coin in gold, since I have collected the silver versions for 50 years.

 

I think it's more because buying new U.S. mint releases to resale for a profit has spread beyond just collectors & dealers and now others with no interest in coins. Well no interest besides making a buck buy them up at release to resell. It works against actual collectors in two ways as the supply way outstrips the demand and after the initial price flurry the prices fall like a rock. Almost adding insult to injury for actual collectors the mintage's also get artificially inflated way beyond what true demand would support so those buying from the mint to collect end up losing money in valuation of the pieces they purchased.

 

Thanks for the replies, all of them were good. I thought it had to do with the supply and demand.

 

Case in point...have you seen what they are asking for 2017 P Lincolns??
You can be the proud owner of an entire roll for just $7. Absolutely absurd!

 

It is generally better to wait to buy commems - and then in the aftermarket. As noted above prices drop to a small percentage over melt after the interest has croaked.

A lot of people bought them so a lot were sold, then they cycled through the whole TPG thing.

I do have a feeling that this one:

Will have a fairly insignificant mintage and may well become a fairly scarce coin.

 

With those I'm not sure why the mint hasn't bothered to offer rolls or bags itself for collectors though. It seems pretty stupid to me as I don't imagine many west coast banks are going to end up getting boxes of rolls of P mint cents for collectors to find at face value.

 

Can't you just get them from the bank for $1 ?

 

You could get two rolls for $1 from a bank that has rolls of them. But they are released through the federal reserve and thus will tend to be localized to the areas around the fed branches that get their coinage from the Philly mint. Combined with that many banks don't get their coinage directly from any Federal reserve bank branch and use vendors like Brinks, Loomis, etc that may or may not have those rolls. It's also doubtful that many western states and banks end up getting any rolls at all which is something the mint overlooked imo by not offering rolls themselves.

 

You may be right. But I'm not going to pay what they're going to ask to take a chance.

 

Seems to me that works FOR the actual collectors, if they have patience. Just wait a little bit and you buy them below issue price. Sounds like a win as a collector to me.

 

hopefully none of them will have the trajectory of the 2008 Gold Buffalo, at least not until after I buy them. LOL

 

Extremely doubtful the 2008 fractional buffalo's were mint to demand with low demand as no one knew they'd be a one year deal until it was too late to order more.

2008 Buffalo 1/10 ($5), 1/4 ($10), 1/2 ($25) mintage's

$5 Burnished 17,429
$5 Proof 18,884

$10 Burnished 9,949
$10 Proof 13,125

$25 Burnished 16,908
$25 Proof 12,129

For comparison the 2016 gold centennials max mintage's

1/10 mercury 125,000
1/4 Standing Liberty 100,000
1/2 Walking Liberty 70,000

 

I hate to say I told...

No, darn it, I thoroughly ENJOY saying I told you so!

 

If eye appeal is any criteria for sales, I have to agree. PC Gold.