A roll of 50 or an AU 50 1916 D ? Given those options, the roll of gold is probably cheaper , but the real coin is way higher up on my list of preferred numismatic items.
Price over spot is way to high along with the mintage, for this "bullion coin."
This will be a good test for my longstanding theory that the worse the deal from the Mint, the better the speculation potential.
Typically, the Mint's markup ranges in the low to mid 30% range. This coin will come out at around a 66% markup. Even considering that a 1/10th oz coin adds a couple %'s to the typical markup, this coin is "way out there" on the "let's rip off the consumer scale".
It's also a 100% contradiction in the stated pricing policy that the Mint put out just a week or so ago, saying that the price would be the same as their standard bullion pricing matrix. Flat out, the Mint lied - in no uncertain terms.
So, how to evaluate the prospects? Ebay presales appear to be running between $275 and $290 for completed deals. Deduct 10% for the ebay/paypal/shipping costs and the current market is around $255 to $260, a net of about $50/coin for any arbitrager/quick flipper.
It's a shame, because I like the coin. My approach will probably be to hedge away from my initial exposure. The Mint is sucking up almost all of the potential upside, in my opinion - and that limits the potential long-term returns.
The problem with my emotionally-charged opinion is that my emotional resistance to being ripped off by the Mint could serve to totally validate my longstanding theory. That is the problem with many of these Mint offerings, the cognitive dissonance that they create. (This is just a more extreme example - which is why this will be a GREAT test for my theory).
Nevertheless, I'll still hold an "extra" aside, to re-sell to Dimeman at an exorbitant profit once he finally breaks down and has to buy one.
Q: Are You Printing Money? Bernanke: Not Literally
Price over spot is way to high along with the mintage, for this "bullion coin."
This will be a good test for my longstanding theory that the worse the deal from the Mint, the better the speculation potential.
Typically, the Mint's markup ranges in the low to mid 30% range. This coin will come out at around a 66% markup. Even considering that a 1/10th oz coin adds a couple %'s to the typical markup, this coin is "way out there" on the "let's rip off the consumer scale".
It's also a 100% contradiction in the stated pricing policy that the Mint put out just a week or so ago, saying that the price would be the same as their standard bullion pricing matrix. Flat out, the Mint lied - in no uncertain terms.
So, how to evaluate the prospects? Ebay presales appear to be running between $275 and $290 for completed deals. Deduct 10% for the ebay/paypal/shipping costs and the current market is around $255 to $260, a net of about $50/coin for any arbitrager/quick flipper.
It's a shame, because I like the coin. My approach will probably be to hedge away from my initial exposure. The Mint is sucking up almost all of the potential upside, in my opinion - and that limits the potential long-term returns.
The problem with my emotionally-charged opinion is that my emotional resistance to being ripped off by the Mint could serve to totally validate my longstanding theory. That is the problem with many of these Mint offerings, the cognitive dissonance that they create. (This is just a more extreme example - which is why this will be a GREAT test for my theory).
Nevertheless, I'll still hold an "extra" aside, to re-sell to Dimeman at an exorbitant profit once he finally breaks down and has to buy one.
I agree with your thoughts on this issue. Once the hoopla and hysteria subsides I anticipate the coins will be available in the secondary market cheaper than what the mint is charging.
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
That is the problem with many of these Mint offerings, the cognitive dissonance that they create.
My head hurts.
I think - It's too small, costs too much and there will be far more available than buyers, no CD here.
MHO
"Cognitive dissonance
In psychology, cognitive dissonance is the mental stress or discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, performs an action that is contradictory to one or more beliefs, ideas or values, or is confronted by new information that conflicts with existing beliefs, ideas, or values."
You'd have to buy ten of them for an ounce of gold. It would be an expensive way to buy an ounce of gold considering you're paying about 66% over melt value.
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
'Nevertheless, I'll still hold an "extra" aside, to re-sell to Dimeman at an exorbitant profit once he finally breaks down and has to buy one."
Here's what I didn't say:
".....buy at your on risk.
By the response I am seeing here there is going to be more supply than demand.
Looks like a bad deal for the flippers. Most people buying these are people who have to have one of everything from the mint.
I, on the other hand don't want any of this stuff the mint puts out.
Buy what you like and like what you buy!"
Those remarks sound more like your own.
Yes, I messed up the quote. Everything after "here's what I didn't say" was mine.
The only line of yours I was quoting was the buying an extra to sell to me. Sorry about the mix up.
He was just kidding you. He knows darned well that you'll be buying your own directly from the mint.
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
Zeno interest except at the melt value. This is another piece of mint junk, and I am through with stuff like this.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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
Price over spot is way to high along with the mintage, for this "bullion coin."
This will be a good test for my longstanding theory that the worse the deal from the Mint, the better the speculation potential.
Typically, the Mint's markup ranges in the low to mid 30% range. This coin will come out at around a 66% markup. Even considering that a 1/10th oz coin adds a couple %'s to the typical markup, this coin is "way out there" on the "let's rip off the consumer scale".
It's also a 100% contradiction in the stated pricing policy that the Mint put out just a week or so ago, saying that the price would be the same as their standard bullion pricing matrix. Flat out, the Mint lied - in no uncertain terms.
So, how to evaluate the prospects? Ebay presales appear to be running between $275 and $290 for completed deals. Deduct 10% for the ebay/paypal/shipping costs and the current market is around $255 to $260, a net of about $50/coin for any arbitrager/quick flipper.
It's a shame, because I like the coin. My approach will probably be to hedge away from my initial exposure. The Mint is sucking up almost all of the potential upside, in my opinion - and that limits the potential long-term returns.
The problem with my emotionally-charged opinion is that my emotional resistance to being ripped off by the Mint could serve to totally validate my longstanding theory. That is the problem with many of these Mint offerings, the cognitive dissonance that they create. (This is just a more extreme example - which is why this will be a GREAT test for my theory).
Nevertheless, I'll still hold an "extra" aside, to re-sell to Dimeman at an exorbitant profit once he finally breaks down and has to buy one.
I'd pay 30% over for the 1/10oz Merc. That would be about $165 delivered. Who knows maybe I'll be able to pick one up on the secondary market for that?
He was just kidding you. He knows darned well that you'll be buying your own directly from the mint.
Nearly everyone here will be. Its comical, every issues so many board members say they arent buying in the forum then go out and load up. Thinking your post might influence the way this coin will turn out with 125k mintage lol. I of course will be in for at least 10.
He was just kidding you. He knows darned well that you'll be buying your own directly from the mint.
Nearly everyone here will be. Its comical, every issues so many board members say they arent buying in the forum then go out and load up. Thinking your post might influence the way this coin will turn out with 125k mintage lol. I of course will be in for at least 10.
You are kidding...right. I assure you my lack of interest is NOT a ploy to get more for myself.
I really doubt these ever sell out. There will be plenty for those of you who really want them.
The only line of yours I was quoting was the buying an extra to sell to me. Sorry about the mix up.
That's ok Dimeman. I was only teasing. I'll sell it to ya at a reasonable profit - nothing exorbitant. Remember, the first step in appreciating a nice Modern coin is in accepting that they are really coins! At least they aren't 01010101's or made of plastic, yet.
Q: Are You Printing Money? Bernanke: Not Literally
I'm one of the two poll respondents (so far) that will be buying later, slabbed. Most likely a PCGS SP69 First Strike at about the price of a raw specimen.
Imagine if the mint decided to make all clad 2016 dimes mercs , all clad quarters standing liberty , and even release 2016 dated walking liberty halfs in large numbers . That to me would be something that would catch the attention of regular people and maybe create a few new collectors they way the state quarters did.
Imagine if the mint decided to make all clad 2016 dimes mercs , all clad quarters standing liberty , and even release 2016 dated walking liberty halfs in large numbers . That to me would be something that would catch the attention of regular people and maybe create a few new collectors they way the state quarters did.
Great for coin collectors but confusing to the general public who use these coins. With the state quarters the design change only occurred on the reverse and the obverse design remained constant.
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
Imagine if the mint decided to make all clad 2016 dimes mercs , all clad quarters standing liberty , and even release 2016 dated walking liberty halfs in large numbers . That to me would be something that would catch the attention of regular people and maybe create a few new collectors they way the state quarters did.
I was for this last year when the announcement was made...make 'em circulation quality (clad) for a one year commemorative. It just might bring more into the coin collecting world.
oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's
Looks like the same boring no-luster matte finish that's used on unc. modern commems. I was hoping they would try to approximate the "look and feel" of the original. At the prices they're charging, they should at least give us a proof.
Comments
``https://ebay.us/m/KxolR5
An authorized PCGS dealer, and a contributor to the Red Book.
What is the price on the 2016 gold Mercury? And why isn't that number on the Mint's webpage?
$205.00.
Latin American Collection
will have to be better than the Merc....Cheers, RickO
This will be a good test for my longstanding theory that the worse the deal from the Mint, the better the speculation potential.
Typically, the Mint's markup ranges in the low to mid 30% range. This coin will come out at around a 66% markup. Even considering that a 1/10th oz coin adds a couple %'s to the typical markup, this coin is "way out there" on the "let's rip off the consumer scale".
It's also a 100% contradiction in the stated pricing policy that the Mint put out just a week or so ago, saying that the price would be the same as their standard bullion pricing matrix. Flat out, the Mint lied - in no uncertain terms.
So, how to evaluate the prospects? Ebay presales appear to be running between $275 and $290 for completed deals. Deduct 10% for the ebay/paypal/shipping costs and the current market is around $255 to $260, a net of about $50/coin for any arbitrager/quick flipper.
It's a shame, because I like the coin. My approach will probably be to hedge away from my initial exposure. The Mint is sucking up almost all of the potential upside, in my opinion - and that limits the potential long-term returns.
The problem with my emotionally-charged opinion is that my emotional resistance to being ripped off by the Mint could serve to totally validate my longstanding theory. That is the problem with many of these Mint offerings, the cognitive dissonance that they create. (This is just a more extreme example - which is why this will be a GREAT test for my theory).
Nevertheless, I'll still hold an "extra" aside, to re-sell to Dimeman at an exorbitant profit once he finally breaks down and has to buy one.
I knew it would happen.
The Mint really needs a couple forum members as consultants in their planning department.
Would you accept ?
and seems the mint has found another way to part suckers with their cash
https://photos.google.com/album/AF1QipO2RcEP4xMgNIaYT2JmwfYQrss55WyKa0g0IAEx
Price over spot is way to high along with the mintage, for this "bullion coin."
This will be a good test for my longstanding theory that the worse the deal from the Mint, the better the speculation potential.
Typically, the Mint's markup ranges in the low to mid 30% range. This coin will come out at around a 66% markup. Even considering that a 1/10th oz coin adds a couple %'s to the typical markup, this coin is "way out there" on the "let's rip off the consumer scale".
It's also a 100% contradiction in the stated pricing policy that the Mint put out just a week or so ago, saying that the price would be the same as their standard bullion pricing matrix. Flat out, the Mint lied - in no uncertain terms.
So, how to evaluate the prospects? Ebay presales appear to be running between $275 and $290 for completed deals. Deduct 10% for the ebay/paypal/shipping costs and the current market is around $255 to $260, a net of about $50/coin for any arbitrager/quick flipper.
It's a shame, because I like the coin. My approach will probably be to hedge away from my initial exposure. The Mint is sucking up almost all of the potential upside, in my opinion - and that limits the potential long-term returns.
The problem with my emotionally-charged opinion is that my emotional resistance to being ripped off by the Mint could serve to totally validate my longstanding theory. That is the problem with many of these Mint offerings, the cognitive dissonance that they create. (This is just a more extreme example - which is why this will be a GREAT test for my theory).
Nevertheless, I'll still hold an "extra" aside, to re-sell to Dimeman at an exorbitant profit once he finally breaks down and has to buy one.
I agree with your thoughts on this issue. Once the hoopla and hysteria subsides I anticipate the coins will be available in the secondary market cheaper than what the mint is charging.
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
My head hurts.
I think - It's too small, costs too much and there will be far more available than buyers, no CD here.
MHO
"Cognitive dissonance
In psychology, cognitive dissonance is the mental stress or discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, performs an action that is contradictory to one or more beliefs, ideas or values, or is confronted by new information that conflicts with existing beliefs, ideas, or values."
The mint creates cognitive dissonance? Really?
it would be a nice way to buy an ounce of gold.
You'd have to buy ten of them for an ounce of gold. It would be an expensive way to buy an ounce of gold considering you're paying about 66% over melt value.
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
Touché
You read it correctly.
I knew it would happen.
I messed this up. You buying an extra to sell to me.
By the response I am seeing here there is going to be more supply than demand.
Looks like a bad deal for the flippers. Most people buying these are people who have to have one of everything from the mint.
I, on the other hand don't want any of this stuff the mint puts out.
Buy what you like and like what you buy!
Oh........and I vote gimmick.
I knew it would happen.
Dimeman, check your post. It wasn't me that posted it.
Sure it was check the last line in your first long reply.
'Nevertheless, I'll still hold an "extra" aside, to re-sell to Dimeman at an exorbitant profit once he finally breaks down and has to buy one."
Here's what I didn't say:
".....buy at your on risk.
By the response I am seeing here there is going to be more supply than demand.
Looks like a bad deal for the flippers. Most people buying these are people who have to have one of everything from the mint.
I, on the other hand don't want any of this stuff the mint puts out.
Buy what you like and like what you buy!"
Those remarks sound more like your own.
I knew it would happen.
Here's the last line in my first post:
'Nevertheless, I'll still hold an "extra" aside, to re-sell to Dimeman at an exorbitant profit once he finally breaks down and has to buy one."
Here's what I didn't say:
".....buy at your on risk.
By the response I am seeing here there is going to be more supply than demand.
Looks like a bad deal for the flippers. Most people buying these are people who have to have one of everything from the mint.
I, on the other hand don't want any of this stuff the mint puts out.
Buy what you like and like what you buy!"
Those remarks sound more like your own.
Yes, I messed up the quote. Everything after "here's what I didn't say" was mine.
The only line of yours I was quoting was the buying an extra to sell to me. Sorry about the mix up.
Here's the last line in my first post:
'Nevertheless, I'll still hold an "extra" aside, to re-sell to Dimeman at an exorbitant profit once he finally breaks down and has to buy one."
Here's what I didn't say:
".....buy at your on risk.
By the response I am seeing here there is going to be more supply than demand.
Looks like a bad deal for the flippers. Most people buying these are people who have to have one of everything from the mint.
I, on the other hand don't want any of this stuff the mint puts out.
Buy what you like and like what you buy!"
Those remarks sound more like your own.
Yes, I messed up the quote. Everything after "here's what I didn't say" was mine.
The only line of yours I was quoting was the buying an extra to sell to me. Sorry about the mix up.
He was just kidding you. He knows darned well that you'll be buying your own directly from the mint.
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
Perryhall you are such a card.
Are you saying I'm the Joker?
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
Zeno interest except at the melt value. This is another piece of mint junk, and I am through with stuff like this.
Glad you said that and not me. I would get flamed and possibly banned.
Perryhall you are such a card.
Are you saying I'm the Joker?
Price over spot is way to high along with the mintage, for this "bullion coin."
This will be a good test for my longstanding theory that the worse the deal from the Mint, the better the speculation potential.
Typically, the Mint's markup ranges in the low to mid 30% range. This coin will come out at around a 66% markup. Even considering that a 1/10th oz coin adds a couple %'s to the typical markup, this coin is "way out there" on the "let's rip off the consumer scale".
It's also a 100% contradiction in the stated pricing policy that the Mint put out just a week or so ago, saying that the price would be the same as their standard bullion pricing matrix. Flat out, the Mint lied - in no uncertain terms.
So, how to evaluate the prospects? Ebay presales appear to be running between $275 and $290 for completed deals. Deduct 10% for the ebay/paypal/shipping costs and the current market is around $255 to $260, a net of about $50/coin for any arbitrager/quick flipper.
It's a shame, because I like the coin. My approach will probably be to hedge away from my initial exposure. The Mint is sucking up almost all of the potential upside, in my opinion - and that limits the potential long-term returns.
The problem with my emotionally-charged opinion is that my emotional resistance to being ripped off by the Mint could serve to totally validate my longstanding theory. That is the problem with many of these Mint offerings, the cognitive dissonance that they create. (This is just a more extreme example - which is why this will be a GREAT test for my theory).
Nevertheless, I'll still hold an "extra" aside, to re-sell to Dimeman at an exorbitant profit once he finally breaks down and has to buy one.
Very informative post, Comrade.
Love your sense of humor too!!!
I would buy them 15% over melt, just for fun.
I'd pay 30% over for the 1/10oz Merc. That would be about $165 delivered. Who knows maybe I'll be able to pick one up on the secondary market for that?
He was just kidding you. He knows darned well that you'll be buying your own directly from the mint.
Nearly everyone here will be. Its comical, every issues so many board members say they arent buying in the forum then go out and load up. Thinking your post might influence the way this coin will turn out with 125k mintage lol. I of course will be in for at least 10.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
He was just kidding you. He knows darned well that you'll be buying your own directly from the mint.
Nearly everyone here will be. Its comical, every issues so many board members say they arent buying in the forum then go out and load up. Thinking your post might influence the way this coin will turn out with 125k mintage lol. I of course will be in for at least 10.
You are kidding...right. I assure you my lack of interest is NOT a ploy to get more for myself.
I really doubt these ever sell out. There will be plenty for those of you who really want them.
That's ok Dimeman. I was only teasing. I'll sell it to ya at a reasonable profit - nothing exorbitant. Remember, the first step in appreciating a nice Modern coin is in accepting that they are really coins! At least they aren't 01010101's or made of plastic, yet.
I knew it would happen.
My Adolph A. Weinman signature
Imagine if the mint decided to make all clad 2016 dimes mercs , all clad quarters standing liberty , and even release 2016 dated walking liberty halfs in large numbers . That to me would be something that would catch the attention of regular people and maybe create a few new collectors they way the state quarters did.
Imagine if the mint decided to make all clad 2016 dimes mercs , all clad quarters standing liberty , and even release 2016 dated walking liberty halfs in large numbers . That to me would be something that would catch the attention of regular people and maybe create a few new collectors they way the state quarters did.
Great for coin collectors but confusing to the general public who use these coins. With the state quarters the design change only occurred on the reverse and the obverse design remained constant.
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
Imagine if the mint decided to make all clad 2016 dimes mercs , all clad quarters standing liberty , and even release 2016 dated walking liberty halfs in large numbers . That to me would be something that would catch the attention of regular people and maybe create a few new collectors they way the state quarters did.
I was for this last year when the announcement was made...make 'em circulation quality (clad) for a one year commemorative. It just might bring more into the coin collecting world.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
The mint creates cognitive dissonance? Really?
You read it correctly.
You give the USmint too much credit. Maybe Congress creates the CD you speak of.
Looks like NO FSB. I may pass on buying just because of that - heck, it looks like Dan Carr did better than the Mint:
Here are pics of the dime from the Baltimore show someone posted on their blog:
Looks like NO FSB. I may pass on buying just because of that - heck, it looks like Dan Carr did better than the Mint:
Crap, I agreed with DC that FB are there.
Was a big NO!!!!
I'll be wanting a big bag of that stuff. Might be fun to eat them unskinned.
My Adolph A. Weinman signature
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
No FSB's, no sale.
DC can do it on an old clunker press, the Mint can't on state-of-the-art presses.