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The 2016-W Walking Liberty Centennial gold maximum mintage of 70,000 with household ordering limit 3
NeoclassicalAnalyst
Posts: 341 ✭✭
The 2016-W Walking Liberty Centennial gold half dollar will have a maximum mintage of 70,000 coins and a household ordering limit of three coins when it goes on sale from the U.S. Mint at noon Eastern Time Nov. 17.
To the free man, the country is the collection of individuals who compose it, not something over and above them. -M. Friedman
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Thank you for the information.
With this information I feel they will sell out !!
The question is how long will it take?
While a sell out is possible these coins will be fairly expensive for a modern commemorative and many collectors will be priced out of the market.
Worry is the interest you pay on a debt you may not owe.
Voltaire: Paper money eventually returns to its intrinsic value---zero.
At 70,000 there won't be many "flippin" their lids over this one. A collector coin only with very little profit potential for speculators imho . I will sit this one out. As others have said before, the mint would have hit a home run with a silver anniversary edition (proof, reverse proof, and burnished set) in original sized coins.
My favorite design....I gotta be in for one!
I'll have to get one
I updated the other thread just to get the information into it...
70K is pretty high mintage. I expected the SLQ to have a mintage of about 75K.
At current gold spot, these will cost close to $900 each, but a HHL of 3 could sell it out. But as PerryHall stated, this will probably price many out of the series...
I plan on one. Early this year I had initial plans to get two, but the 100K of the SLQ (and now the 70K of the WLH) convinced me I'll only need one set of these...
Flipping days may be over. I get this feeling very high mintages with very low HHL's are going to become the norm for the mint.
They had some artificial rarities (the AmLib medal and maybe even the APE), but the centennial gold, American Coin and Currency and the Reagan Coin and Chronicles have all been over the top in terms of mintage.
Since I got the gold Mercury and the gold SLQ, I'll get the gold WLH to complete the set.
Worry is the interest you pay on a debt you may not owe.
Voltaire: Paper money eventually returns to its intrinsic value---zero.
I imagine the WLH will be over $900....that is a considerable premium. Since the coin is smaller than the original, I believe I may pass...Cheers, RickO
Good information, but I don't see a sellout on this one. I'm not buying one.
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I agree. I was hoping for much lower, especially since many will be priced out.
I will probably buy one.
Box of 20
This has zero bearing on my decision to buy an example.
Perplexed Flippers abound.
The mint kind of screwed the volume buyers of the quarters when they lifted the limits. The big question will be one of how they'll respond for the halves. Lack of a pre-release cattle call will reduce demand for the coins and have the mint lifting the limits again, making the coins cheaper for the volume buyers in the long run.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
70,000/3 = 23,333 orders needed for a sell-out. Price is not that important to the big buyers and with gold heading lower they may be $840 by Nov. 17.
If it doesn't sell-out on Nov. 17th I will be very surprised.
I thought the quarters looked better than the dimes and hope that the halves look at least as good as the quarters. I have saved a pair of both the dimes and quarters and will likely get a pair of the halves as well.
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At current gold spot what is the premium one is paying to acquire one of these? Assuming the bullion value is 75% and the selling price is the $850 dollars suggested by VanHalen then that would equate to something like a $200 premium - so that is one way to justify or not justify the purchase. If one likes the coin as a collectable then the only remaining question can be whether as such it is worth $200 to the buyer.
Another way to "rationalize" a purchase would be to equate this coin to a "work of art." Given the numbers minted it would have to be compared to a high limited edition print rather than an original. Is $200 more or less than one would be willing to pay for a print one would be willing to purchase solely for its aesthetic value?
The premium to melt will be closer to $250 but your point is well taken. Gold will need to be in the $1150 to $1200 range for the price to be $840. That puts melt around $585, so $840 - $585 = $255 premium to melt.
wasn't the premium over melt for the Kennedy rather high? I was guessing closer to $1200, since quarter was close to $500
Could you please provide a link for the this news as I could not find it. Thanks!
"The 2016-W Walking Liberty Centennial gold half dollar will have a maximum mintage of 70,000 coins and a household ordering limit of three coins when it goes on sale from the U.S. Mint at noon Eastern Time Nov. 17."
+1
I am also debating it.
I like the OGP a lot but, If the secondary market markup isn't too high; I may have to go for a graded one, as I'd really like a certified MS 70.
The thought of having a Walker in GOLD is really appealing to me.
We'll see...
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Here you go: Coinnews link
I agree that the price is high and that makes it difficult but not impossible. As far as the graded 70s, I am over that. Seeing the Mercury dimes fall within many different categories and ranges of "70s" have turned me off to that concept. The final straw was seeing a dealer on the BST seeking out MS 70 UHR's that weren't "dull or flat" in appearance. I will follow suit and not buy a 70 unless I approve it in person. And certainly no graded 70 silver from the US Mint due to the spotting issue.
Otherwise, I will stick with the raw versions.
Hmmmmm. Not my usual game but I got a quarter, and surprised myself by liking it and deciding to keep it. Now, a dime is on its way to me. I'll probably buy a half, or maybe two so I can (hopefully) get a nice one. My track record with US Mint products is pretty sketchy.
But, how do y'all store these if you decide to keep them in OGP. It wouldn't take too many of these monstrous presentation boxes to fill up an SDB or safe and it's sort of pointless to keep the coin and the OGP in separate locations...... It's far easier to store 100 slabbed coins than 6 of these things.
I put the coins with their capsules in my SDB since the real value are in the coins. The rest of the packaging is stored separately in my home.
Worry is the interest you pay on a debt you may not owe.
Voltaire: Paper money eventually returns to its intrinsic value---zero.
The size is the real sticking point for me..... It bothers me that they will be smaller than issue WLH's...Cheers, RickO
I still have all the OGP, slabbed or not.
This.
If some thief breaks in and sees this treasure trove of mint stuff, they'll get a bunch of empty boxes. Though some of the boxes are pretty nice.
The problem ones are the small batch of things I have still sealed from the mint. Good thing is, they just look like cardboard boxes. Bad thing is, I don't have all that many, but they still take up a lot of space...
It wouldn't have been impossible to make it full size, they did source 24k 3/4ozt rounds for the Kennedy half.
But it would have pushed the price up to $1325-$1350. Much more of a price hit than the $900, especially since you've already spent $700 on the first two coins.
And it's make the first two coins look really tiny...
Well... I did not buy the first two coins.... was intending on getting the WLH....but the size really bothers me... sooooo....will wait and see... Cheers, RickO
Here's a link for pricing...
http://www.coinnews.net/2016/04/15/2016-10c-25c-and-50c-centennial-gold-coin-pricing-schedule/
Looks like it will be $890 plus $4.95 for shipping unless gold drops some.
Worry is the interest you pay on a debt you may not owe.
Voltaire: Paper money eventually returns to its intrinsic value---zero.
@ VanHalen "
70,000/3 = 23,333 orders needed for a sell-out. Price is not that important to the big buyers and with gold heading lower they may be $840 by Nov. 17.
If it doesn't sell-out on Nov. 17th I will be very surprised."
That seems to be a BIG assumption that every order will be for three coins. Some flippers and dealers, of course, but the average collector will only be able to afford one. And this close to the holidays, I doubt that they will be able to afford to lay out $2,400 - $2,700. And gold is trending higher...
(is this how we reply to posts now? first time on the new board. I like the features (icons) below the post but couldn't see a reply button)
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In for a penny, in for a pound.
I bought the dime and the quarter and I'll buy this also.