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

You mean there's more than one? I've gotta get out from under this danged rock that's pressing down on me sometime.........

 

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Oh wait duh. Mr. Flatop

I was thinking of kirk

 

What is the maximum minting for this teeny tiny coin?

 

125k

 

They sold out the 125K today?

 

Hope you collectors who wanted one for your collection got it from the Mint today!

 

Honestly, when it's participants like you and I - posting members of forums, people who aren't on their first modern Mint issue - who are willingly paying the secondary-market premium, I couldn't care less. It ain't our first rodeo, and if we feel like paying more, that's cool. I'll "overpay" for a coin I like, and don't care what anyone else thinks. My only agenda is the folks who don't know better, responding to Facebook messages and the like, running to the "next big thing." I feel like they need to be protected for the same reason you need to protect children - otherwise they'll hurt themselves. Not to mention the coins then end up in the hands of those who can't appreciate them. If your appreciation is based on the fact that you're going to make a buck or two off them, well, at least you're appreciative.

 

I also appreciate the coins. I made some decent money with the ANA Kennedy, and now own a PR70 for my collection. I hope to make a decent profit with most of these, and then will hope to own a 70 for my collection as well.

 

Unknown at this time. The coin is only listed as 'Currently Unavailable' right now. The Mint is supposed to release an update on sales tomorrow.

 

Probably and then it'll be just under soldout when some of the credit cards get kicked back or whatever. The SLQ will probably sell out first day too if that is the next one they release.

 

I respect that. Thanks for being one of the guys that buys my coin in the secondary market without complaining about flippers. You're no where near as bad as Kurt.

 

Good to see you're still at it. I recall our chats on the Kennedy threads. This release is proving much better. All three of my kids will get a gold coin thanks to the Mint.

 

Today?! People are acting as if there was a whole hour available to obtain one!
Sadly, no. You had about 30 minutes or less to get an order in. Some weren't able to because the site crashed too many times for them. I have a feeling if there were 500k available, they still would have sold out in less than 2 hrs. By the looks of it there's alot of people keeping 2 to 5 for their family.

But don't tell anyone. They cant/won't be popular long term. Its just another piece of bullion.

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I think this one-year-only coin will always be popular with Collectors. But unfortunately, most of the Mint orders probably went to speculators & dealers.

Wish there was a fool-proof way to let Collectors order first. But I don't see how that's practical or even possible.

 

An order limit of 1 per HH and mint to demand wouldve been a start. If people didn't think it would be profitable and it was too much hassle to get quantity, the flippers wouldve bailed.

I think the mint would prefer to accomplish their goal in the shortest period of time and its easier to ship out 10, dealing with less people, as opposed to 1 here and there and all the associated issues.

Itd be interesting to know at what price they could have listed them for and still sold out. $205 was not cheap.
Will be interesting to see how they handle the quarters.

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If anyone has more they want to sell, contact me...

 

There you go. The quick sellout also promises that it will remain a hot-button issue in public for longer, and as a result keep them in public discussion longer. They don't need to care about the secondary market in the financial sense - they make no money off it - but the only way they do make money is via demand and they're not exactly as dumb as they look when it comes to generating buzz. The secondary market is now doing their job for them.

 

I like the "mint to demand" idea. Something like the "no-mintage-limit" American Eagle bullion.

Unfortunately it's probably too late to apply that strategy to the upcoming 1/4 & 1/2 oz coins.

I agree that a lower household limit should help Collectors... 2-coins-per-HH gets my vote.

 

Minting to demand lowers demand, by definition. If they're that easy to get, you either won't pay as much for them, or not buy at all knowing they'll be easily available down the road.

 

But if they limit to one per household, it would have taken 125,000 orders to reach the same number. It really IS interesting how many ways they could release coins, and how each way can effect the value down the road.