2016 Mercury

We knew this was coming...

https://www.usmint.gov/pressroom/index1843.html?action=press_release&id=1843

 

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They are probably doing this now before gold drops any more. I was thinking that they should have made a set with this dime and the other 2 coins in the series. I guess these will sell out in two minutes.

 

The talk was that the Walker would be the flagship of the trio...and I believe it is still available. The 3 coin set is a good idea however. Did you see what Mezak was hawking the gold Walker for on the last HSN coin show??

 

Hmm. I was kind of expecting that they'd have dropped below issue price in the aftermarket by now, but I haven't seen it. I might consider it -- or not; I want the Walker and SLQ more, and this has already been an expensive Christmas, so "none" is more likely than "all".

 

How many of these will be returns from people disgusted that they couldn't even strike Full Bands into them, or otherwise-marred specimens? Nowhere does it say they struck more.

 

Yeah, I think these are just the left-overs from earlier with no new strikes. I can't remember but I think there was only 2,000 or so coins, maybe 2,500. Does anyone know the exact figure? When the mint opens sales on something they have 50,000 sales in 30 minutes, so how long will 2,000 last? If their system has the capacity they will probably sell all two thousand coins in about two minutes! Some of these coins might be good or great coins, but some may be returns? I am debating on whether it would be better to buy one graded that is a known good coin or try to order one from the mint. That might be a moot point because unless I get lucky they will be sold out before I get to order.

 

Looks like they will be selling the rest of the Gold Dimes for $200
https://catalog.usmint.gov/mercury-dime-2016-centennial-gold-coin-16XB.html?cgid=product-schedule

 

How could they screw up the dime and quarter but yet make the half look really good? I would really consider buying the half if i had that kind of money to spend on a coin, but i can think of many other coins to spend 200 bucks on. This dime is not one of them.

 

I'll probably get one ... maybe. But I wonder what kind (if any) of price shock waves this is going to do to the secondary market.

 

I don't see a way to go back and edit an earlier comment when I said I thought that there was only 2,000 to 2,500 left. It seems I remembered it wrong. Coin News just posted something saying there were "about 8,900 left".
The article also talks about how fast the first sale went. Link: http://www.coinnews.net/2016/12/13/2016-gold-mercury-dimes-available-again-on-dec-15/

 

If I were to buy one it would just be to resell, which I may do. I don't see keeping the coin with that much premium, which will most likely drop at some point.

 

Have to think about this one

 

I wouldn't gamble on this one. Once the word got out after these were first released, people had a hard time finding buyers for the coins. I'd hate to see you get stuck with coins you don't want.

 

I'm expecting the other 2 coins over time to reduce in overall valuation.

The Standing Liberty is *still* available
==> https://catalog.usmint.gov/standing...ial-gold-coin-16XC.html?cgid=product-schedule

So is the Walking Liberty
==> https://catalog.usmint.gov/walking-liberty-2016-centennial-gold-coin-16XA.html?cgid=product-schedule

The only one that *somewhat* sold out (but wasn't) was the dime. Which is in mass trying to be flipped all over the place.

 

Hi Dave, Happy Holidays. What was the original mintage? I thought it was 100,000!

 

I don't see the same kind of fury repeating itself. A lot were returns the sales numbers dropped like 1-2 in the last few weeks from people returning them. Pretty much everyone that wanted one has one already. For an extra 50-60 bucks you can get a graded 70 on eBay.

Could they sell out sure, sure. But a lot of people are aware that most if not all of these are returns or canceled orders

 

At $200 for a 1/10 of an oz. I pass one can do better with a 1/10 Eagle.Will it really have any collector value?I feel when push come to shove and you have to move it market value and maybe a little more but not 50% more as it stands.

 

The Mint is in the business of selling coins to collectors. They are not obligated to choose mintages to allow profitable flipping. Part of me has wondered if dulling the secondary market was part of the plan with these coins.

 

If that is a legitimate goal of theirs they are biting the hand that feeds them. A significant percentage of their sales on every issue are to major sellers and sales would drop by a significant percentage if all of those decided to not play in the ultra modern market anymore

 

You might be right.

But if the Mint believes there is an overall demand for 100,000 coins, why mint only 50,000 and create a secondary market for which the Mint does not get a cent? From that standpoint, the Mint would rather pocket the proceeds from selling 100,000.

Just thinking aloud.