2016 Gold Mercury Dime "Available Again."
Spkrmakr
Posts: 107 ✭✭✭
Just received an email from the mint. The gold mercury dime will again be available for purchase beginning December, 15 at noon.
Spkrmakr
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I am glad and will probably get one.
Probably returns.
$200, what was it before?
205
Full bands anyone?
I thought this was a sellout??
If they are offering add'l pieces; it is unfair to collectors.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Pretty sure this is the 8900 odd coins they had left.
Never truly sold out. There were some left, plus returns, etc.
These are likely all returns or coins that were ordered, but for whatever reason, never shipped out. I would be concerned about the general quality of this batch.
In honor of the memory of Cpl. Michael E. Thompson
I might pick one up to complete the set.
Collector, occasional seller
I am thinking a lot of the flippers returned any they could after cherry picking the 70's
how do we know they aren't newly minted?
I bought an Uncirculated MacAuthor $5 gold coin late in the year from an offer like this, it was more than likely a reject that had been returned. There were more than the usual share of marks on it.
What percentage of flippers can reliably cherry pick 70's?
I believe the US Mint had the entire authorized mintage already minted and then they sold out in the first day, if I recall correctly. These would then be returns or coins left behind for some reason.
In honor of the memory of Cpl. Michael E. Thompson
I bet more than a few are returns due to problems with the coin.
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
This, too, would be unfair and undesirable to collectors....
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I can't believe the mint is doing this.
You now can't trust the government or the mint?
I actually like the idea of letting people buy the left overs right before the holidays. I might ask my wife to get me one for Christmas
No. There were returns and cancellations after the initial sellout and the mint said they were holding on to them until they figured out a fair way to disperse them. This was when they still thought it was a hot item. Looks like we now know what they decided to do.
I was sure they would do a 3-piece set for Christmas. Looks like I was wrong on that.
isn't that circumstantial? i am not trying to be difficult, but i am wondering if anyone knows for sure these are returned defective.
Well, at least this time they set a Household Order Limit that makes sense to me. (Limit is one.)
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
Hh limit 1, many of them are customer returns, really need some good luck to get 70.
I want mine in original mint packaging.
I never stated they were defective, but rather stated they were returns. Perhaps someone else stated they were defective. Returns can and do happen for any number of reasons including pre-screening for potential 70 grades, sitting on hot issues to see the direction of the market as well as returning coins with issues.
In honor of the memory of Cpl. Michael E. Thompson
Even the Mercury PCGS 70s have shown to be suspect in "70" quality as noted by dealers and collectors.
I have got the raw versions that I want and will stand firm with those.
The original government packaging is quite attractive and I see no need to get any modern commemoratives slabbed. What the US Mint charges is high enough without adding the expensive of getting them slabbed.
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 not care for them when first released, and still do not care for them... to me, it is a poor copy - even less - of the original. Cheers, RickO
24k. Tenth ounce of gold, however vilified and made impure . LOL
With eBay, they will be forever available.
``https://ebay.us/m/KxolR5
And at cheaper prices..... Cheers, RickO
There was no "authorized mitage" these were struck under the bullion law which does not require an act of Congress. They can strike as many as they like so who knows if these are previously struck and not sold or returns or if they struck a new batch.
Agreed.
Thought about ordering me one but will wait a while until prices stabilize. I believe that gold will go lower in the not so distant future and to me that would be the best time to buy.
This is the winning post on this thread!
Mintage was (is) limited to 125,000. They have 9000 left.
http://www.coinworld.com/news/us-coins/2016/07/thousands-of-gold-mercury-dimes-remain-unsold.all.html
Sure but that was a self imposed limit. There was no limit authorized by Congress. They can easily strike more if they wish. That's why we didn't get a silver version. That would have required congressional authorization....
http://www.coinweek.com/dealers-companies/monaco/the-2016-centennial-gold-coin-program-an-analysis/
Self imposed? That is what it is...125k. Self imposed or not...125k
It means they can change it and up the mintage if they like. Simple as that. With a congressional mandate they are beholden to the limit.
So the "mintage limit" that is put on each coin, in your mind, is just a starting point and totally meaningless?
I've seen coins sell out way less that the stated limit but I can't say I've seen one have a limit revised upward and sell more.
They are not going to strike more than their limit, to suggest otherwise is just silly.
With gold now dipping and approaching $1,100 this morning, is the Mint obligated to reduce the price of these next week and if so by how much if that is where the price of gold closes at today? I vaguely recall something about Thursday being the determinative day.
This is not a coin authorized by Congress, it is technically a bullion piece. Although a strange hybrid of sorts. Yes they can strike more if they wish. This whole offering and the way it was handled was a joke. I was anticipating it for an entire year only to be quickly bummed out with how they handeled the whole thing from that to its size to the hideous design of the dime. Although the designs of the second two were markedly better, this entire commemoration offering was handled poorly from start to finish. Rant over but to answer your question, if they were a huge hit and the mint wanted to strike more than the 125k they initially intended then they could Very easily do so and you can bet your last dollar they would have.
I do not know the answer, the chart says average price... but could be $195 soon
https://catalog.usmint.gov/on/demandware.static/-/Sites-USM-Library/default/dw094eed1e/images/PDFs/2016-Pricing-Grid-Numismatic-Gold-and-Platinum.pdf
Website says household limit also includes first release - wasn't limit then 10?
And...............they're gone.
I knew it would happen.
The announced mintage limit is the maximum and is not exceeded. The mint does not establish a mintage limit and then decide later to revise it upward.
I agree...it was a comment to a contrary belief
sold out now
Yup....only available for a tad over an hour
There ya go, the gnashing of the teeth can cease.