Gold Mercury Dime 2016 lowest mintage of series or just bullion ?

Heck, I am a bit older than you guys, and I can still read, 1950 here.

Still no need to shout

 

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For those arguing that this is not a coin, by definition, if it has a denomination and is "a small piece of metal, usually flat and circular, authorized by a government for use as money"

Then it is a coin.

Not a coin?

1) lacking a denomination;
2) issued by a non-governmental authority-- eg the Franklin Mint

 

That's just it. I wasn't issued by a "government for use as money". It was issued as a bullion round for investment purposes only.

 

Your statement accuses everyone who purchased these as being dumb. As to say you're the only smart one for doing nothing and criticizing everyone else's decision to buy one or more. I'm sure everyone appreciates it.

Your two statements were completely contradictory. You start off saying you don't expect anyone to sell any gold at melt value but then proceed to use some type of pseudo equivalent melt comparisons that there's no logic behind.
These were made for a one time anniversary with different planchets and packaging in a much smaller mintage than 1/10 oz AGEs that are produced annually.
The one time offering, the 100th anniversary, the 24k gold aspect is what made them special to "some people". As much as you guys want to beat a dead horse that they're equivalent to a 1/10th AGE, the argument doesn't fly. Its actually pretty juvenile. Its unbelievable that the point can't be gotten across on a coin forum. I'd expect this argument on a general discussion board on another random forum.

 

Was it made at a US govt facility? Is the west point mint govt property?

 

It was not issued by a government. Congress had no say in it

 

Congress never authorized it, hence it was never issued by a government

 

Was it made to be used as money in everyday commerce?

 

My 2001 Buffalo silver dollar was not made for commerce. I call it a coin. Now I guess this is the semantics forum.

 

Omg! Throw them all in the garbage then. That's all that matters.

 

The gold Kennedy is still fresh in everyone's mind. Had that not happened everyone probably would have thought this would be an amazing winner, just like they thought that one would be. However it is impossible to ignore what happened with the Kennedy when aside from the design and weight all of the things you mentioned that made it special the Kennedy had as well.

Time will tell, but because of thew gold Kennedy a lot of people feel it has to prove it won't follow the same path instead of assuming it won't.

If someone likes the coin though and wants one by all means buy one, future value shouldn't really matter much in those cases.

 

Face it. All we will ever do is agree to disagree on this point. I stand by my remarks. You stand by yours. Everyone is fully entitled to collect what they wish.

 

I'm not a slave to profit. I didn't see the profit being equal to my time spent on one bullion piece. I also didn't care for all the negatives the piece had after it became available. The mint didn't mention all it's short falls but many of the collectors did. What was the deciding factor was the lack of acurate detail and size limitation, especially thickness. To each is own.

 

It's not semantics. The rules are clear. If it has a demotion and was authorized by Congress it's a coin. If it's lacking one of those things it's a token or bullion piece

 

I never expected these to double in value but I don't think they're going to melt unless somebody's desperate. Some are coming at this like the only reason to buy one was to resell. Believe it or not some people just wanted them for their collections. Lol

 

I can respect that

 

I probably would have bought one or two but for one reason - at work the computers will not connect properly with the US Mint's web site and are slower than a Yugo, so I would have to take a day of leave, stay home, and hopefully be able to complete an order successfully. I did this for the Ike and Kennedy medal/coin sets, but I didn't/don't like this offering enough to do the same. Got the Daniel Carr series instead.

Limit maybe should have been two to allow those who are at work and either actually working or have a sucky work-supplied (or no) computer to have a chance?

In any event, once the hype dies down I'm sure I'd be able to get a PCGS MS69 coin for about the same as the Mint's price + grading fee - probably less. That's the case with the gold Kennedy anyway. Then again I'd probably want all three of the series, in which case I'd rather spend the money on Mexican colonial 8 Reales, or the rest of my Morgan set.

 

Eventually, the ones who want them for their collections will be the only ones who own them. It's the hoops they have to jump through - and the extra money they have to pay, sometimes to other people using them to finance the one in their own collections - that piss me off.

I don't particularly care for this issue - I can put Full Bands into a gold Merc with a butter knife, and the Mint can't do it with a two million dollar machine? - but there are other, similar issues I'd happily collect so I've no right to judge if you want one in your own holdings.

 

Where in the law does it say that The Mint does not have authority to issue coinage?

Just silly.

No, and by that token none of the Classic Commemorative coins are legal tender.

It has a demotion?

Previously it was a General? Now a private?

 

Actually, I'm not read up on it
but technically isn't it approved by Congress as they stated they approve coinage/dollars etc but allow the Mint to create bullion coins at will? Thus it is technically hands-off approved by Congress as it is stated in some legislature ?