PerryHall... I have been accepting joint venture deals with board members on these dimes (and in 15 years here on the boards I have made sure that no one has ever lost in a joint venture mint product deal with me - a 15 year track record I am very proud of). So, I am cautiously optimistic the gold dimes will be a decent product. But, yes, the mintage does concern me.
As always, just my two cents.
Wondercoin.
Thanks. I'm guessing there won't be a sell out due to the high premium over melt value and the high mintage of 125,000. If they don't sell out in a couple of weeks you'll start seeing many buyers returning their coins for a refund. I'll get a couple just for the heck of it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Dimeman... I am not sure if our paths will cross this time at Central States, but if not, have a great show. .
I did have one final thought though for you Dimeman....
The Classic Mercury Dime was silver yet you would have loved it if the Mint had made the coin this year in copper-nickel. You commented that you would have certainly bought one. That is confusing to me as copper-nickel is as much "off metal" as is Gold when speaking about a Mercury Dime.
So, does it simply boil down to not wanting to spend $210 on a Mercury Dime coin?
Wondercoin.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Dimeman... I am not sure if our paths will cross this time at Central States, but if not, have a great show. .
I did have one final thought though for you Dimeman....
The Classic Mercury Dime was silver yet you would have loved it if the Mint had made the coin this year in copper-nickel. You commented that you would have certainly bought one. That is confusing to me as copper-nickel is as much "off metal" as is Gold when speaking about a Mercury Dime.
So, does it simply boil down to not wanting to spend $210 on a Mercury Dime coin?
Wondercoin.
I think that he just wanted a traditional metal that has been used for dimes and the copper-nickel clad is now a traditional metal.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I think some here are selling this piece short. It's a classic design and $205 isn't that much relative to the more pedestrian tenth oz. AGE. I will be surprised if it isn't a sellout- not first day perhaps but in a fairly short time.
Originally posted by: wondercoin Dimeman... I am not sure if our paths will cross this time at Central States, but if not, have a great show. .
I did have one final thought though for you Dimeman....
The Classic Mercury Dime was silver yet you would have loved it if the Mint had made the coin this year in copper-nickel. You commented that you would have certainly bought one. That is confusing to me as copper-nickel is as much "off metal" as is Gold when speaking about a Mercury Dime.
So, does it simply boil down to not wanting to spend $210 on a Mercury Dime coin?
Wondercoin.
OK...to answer your (Wondercoin) question. No, it is not the $210. It is all about the way they are doing this. It should have been a regular dime with 2016 date with the Mercury design to circulate. And they could have made another just like it made in silver for collectors and these 2 coins could be in the sets. But this gold dime with 1916 date on it is nothing more than a modern commem, which I am not interested in at all.
I'm really liking this idea of commemorating the centennial of the 1916 designs with circulating clad versions, this year only. But that would take some advanced thinking by the Mint heads. Maybe Congress too.
Imagine the great set of clad, silver and gold. WOW
A few things concern about this coin and its future prospects:
1. It's too small. It has only 85% of the surface area of a silver Mercury dime, which is already a small coin.
2. The gold Kennedy half, with only 60% of the mintage of the gold Merc, is selling at only a modest premium above its gold value.
3. The other one-of-a-kind dime, the 2015-P silver reverse proof with a 75k mintage, is selling for only about $35.
4. The gold Merc is a business strike, not a proof. For modern commems, proofs outsell business strikes by a considerable margin because proofs are generally much more attractive.
This coin may still be a winner, but it does face some headwinds.
The gold JFK isn't entirely analogous IMO. It's not considered a classic design, it's not particularly attractive, and it was expensive, taking many collectors on a budget out of the equation. Not to mention the initial lunacy surrounding its release, which turned many off.
As to the 2015-P reverse proof... again, not entirely analogous. Yes, lesser mintage but frankly a lot less eye appeal as well. In relationship to melt it's doing fairly well though
As to the size issue...from a visual perception standpoint the difference is negligible so I just don't see many people using that as a criterion when deciding to purchase.
I think some here are selling this piece short. It's a classic design and $205 isn't that much relative to the more pedestrian tenth oz. AGE. I will be surprised if it isn't a sellout- not first day perhaps but in a fairly short time.
Agreed. At ~$200 a pop, 10/household and 125k available it should sell-out. Whether that takes 3 days or 3 months who knows but it would be a shock if it didn't sell-out.
Dimeman - I still am confused by your logic. There are plenty of "Commems" struck in copper-nickel (clad) as well. Virtually the entire series of Half Dollar Modern Commems.
So, I fail to see why you would want one if the Mercury dime was struck in "clad" vs. gold. It does not make sense to me. But, if it makes sense to you, that is all that matters.
One thing for sure...
1. We have a dime here 2. We have a coin here
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Originally posted by: wondercoin Dimeman - I still am confused by your logic. There are plenty of "Commems" struck in copper-nickel (clad) as well. Virtually the entire series of Half Dollar Modern Commems.
So, I fail to see why you would want one if the Mercury dime was struck in "clad" vs. gold. It does not make sense to me. But, if it makes sense to you, that is all that matters.
One thing for sure...
1. We have a dime here 2. We have a coin here
Wondercoin
1) It's not a dime. A dime was and is struck for 10 cents.
Read Perryhall's response to why I think it should be clad.
In earlier English, "a tenth part” of something. This word was borrowed from medieval French dime or disme, with the same meaning. Dime, in turn, descends from Latin decima, a form of decimus, meaning “tenth.”
Looks like a 1/10 oz of gold in these Dimeman. A "dime" all the way around.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
In earlier English, "a tenth part” of something. This word was borrowed from medieval French dime or disme, with the same meaning. Dime, in turn, descends from Latin decima, a form of decimus, meaning “tenth.”
Looks like a 1/10 oz of gold in these Dimeman. A "dime" all the way around.
Wondercoin
Now you have gone over the edge!
A dime when it comes to our coinage. Is a coin that was minted and available to the public for 10 Cents.
A tenth of an oz. of gold is not a dime.....no matter how you slice it.
I want a few of these Dimes. I'll pair them with a 5-oz Silver ATB Quarter and see what 35 cents will buy me in the weekly flea market in my mexican section of town.
Comments
PerryHall... I have been accepting joint venture deals with board members on these dimes (and in 15 years here on the boards I have made sure that no one has ever lost in a joint venture mint product deal with me - a 15 year track record I am very proud of). So, I am cautiously optimistic the gold dimes will be a decent product. But, yes, the mintage does concern me.
As always, just my two cents.
Wondercoin.
Thanks. I'm guessing there won't be a sell out due to the high premium over melt value and the high mintage of 125,000. If they don't sell out in a couple of weeks you'll start seeing many buyers returning their coins for a refund. I'll get a couple just for the heck of it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I did have one final thought though for you Dimeman....
The Classic Mercury Dime was silver yet you would have loved it if the Mint had made the coin this year in copper-nickel. You commented that you would have certainly bought one. That is confusing to me as copper-nickel is as much "off metal" as is Gold when speaking about a Mercury Dime.
So, does it simply boil down to not wanting to spend $210 on a Mercury Dime coin?
Wondercoin.
The trend is spend, I'm going conservative, not for me. MHO
Dimeman... I am not sure if our paths will cross this time at Central States, but if not, have a great show.
I did have one final thought though for you Dimeman....
The Classic Mercury Dime was silver yet you would have loved it if the Mint had made the coin this year in copper-nickel. You commented that you would have certainly bought one. That is confusing to me as copper-nickel is as much "off metal" as is Gold when speaking about a Mercury Dime.
So, does it simply boil down to not wanting to spend $210 on a Mercury Dime coin?
Wondercoin.
I think that he just wanted a traditional metal that has been used for dimes and the copper-nickel clad is now a traditional metal.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
RIP Mom- 1932-2012
Dimeman... I am not sure if our paths will cross this time at Central States, but if not, have a great show.
I did have one final thought though for you Dimeman....
The Classic Mercury Dime was silver yet you would have loved it if the Mint had made the coin this year in copper-nickel. You commented that you would have certainly bought one. That is confusing to me as copper-nickel is as much "off metal" as is Gold when speaking about a Mercury Dime.
So, does it simply boil down to not wanting to spend $210 on a Mercury Dime coin?
Wondercoin.
OK...to answer your (Wondercoin) question. No, it is not the $210. It is all about the way they are doing this. It should have been a regular dime with 2016 date with the Mercury design to circulate. And they could have made another just like it made in silver for collectors and these 2 coins could be in the sets. But this gold dime with 1916 date on it is nothing more than a modern commem, which I am not interested in at all.
Imagine the great set of clad, silver and gold. WOW
1. It's too small. It has only 85% of the surface area of a silver Mercury dime, which is already a small coin.
2. The gold Kennedy half, with only 60% of the mintage of the gold Merc, is selling at only a modest premium above its gold value.
3. The other one-of-a-kind dime, the 2015-P silver reverse proof with a 75k mintage, is selling for only about $35.
4. The gold Merc is a business strike, not a proof. For modern commems, proofs outsell business strikes by a considerable margin because proofs are generally much more attractive.
This coin may still be a winner, but it does face some headwinds.
My Adolph A. Weinman signature
As to the 2015-P reverse proof... again, not entirely analogous. Yes, lesser mintage but frankly a lot less eye appeal as well. In relationship to melt it's doing fairly well though
As to the size issue...from a visual perception standpoint the difference is negligible so I just don't see many people using that as a criterion when deciding to purchase.
jmho
RIP Mom- 1932-2012
I think some here are selling this piece short. It's a classic design and $205 isn't that much relative to the more pedestrian tenth oz. AGE. I will be surprised if it isn't a sellout- not first day perhaps but in a fairly short time.
Agreed. At ~$200 a pop, 10/household and 125k available it should sell-out. Whether that takes 3 days or 3 months who knows but it would be a shock if it didn't sell-out.
So, I fail to see why you would want one if the Mercury dime was struck in "clad" vs. gold. It does not make sense to me. But, if it makes sense to you, that is all that matters.
One thing for sure...
1. We have a dime here
2. We have a coin here
Wondercoin
Dimeman - I still am confused by your logic. There are plenty of "Commems" struck in copper-nickel (clad) as well. Virtually the entire series of Half Dollar Modern Commems.
So, I fail to see why you would want one if the Mercury dime was struck in "clad" vs. gold. It does not make sense to me. But, if it makes sense to you, that is all that matters.
One thing for sure...
1. We have a dime here
2. We have a coin here
Wondercoin
1) It's not a dime. A dime was and is struck for 10 cents.
Read Perryhall's response to why I think it should be clad.
I don't see why it is so confusing to you.
In earlier English, "a tenth part” of something. This word was borrowed from medieval French dime or disme, with the same meaning. Dime, in turn, descends from Latin decima, a form of decimus, meaning “tenth.”
Looks like a 1/10 oz of gold in these Dimeman. A "dime" all the way around.
Wondercoin
Dime:
In earlier English, "a tenth part” of something. This word was borrowed from medieval French dime or disme, with the same meaning. Dime, in turn, descends from Latin decima, a form of decimus, meaning “tenth.”
Looks like a 1/10 oz of gold in these Dimeman. A "dime" all the way around.
Wondercoin
A dime when it comes to our coinage. Is a coin that was minted and available to the public for 10 Cents.
A tenth of an oz. of gold is not a dime.....no matter how you slice it.
It is issued by the mint.
It does say "one Dime" on it.
Call it what you want but it is a "dime"!
A dime when it comes to our coinage. Is a coin that was minted and available to the public for 10 Cents.
Well, I guess that means that no proof dimes are really dimes.
Even though many have been spent. Perhaps they become dimes once they enter circulation.
My Adolph A. Weinman signature
