1. Same story, different day...........year ie more of the same fiat floods the world
    Dismiss Notice
  2. There are no markets
    Dismiss Notice
  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

Mercury Dime 2016 Centennial Gold Coin

Discussion in 'PM's - Coins - Numis - Base Metals' started by MrLucky, Apr 21, 2016.



  1. MrLucky

    MrLucky Silver Member Silver Miner

    Joined:
    Apr 27, 2011
    Messages:
    966
    Likes Received:
    457
    Trophy Points:
    63
    Occupation:
    Gambling man
    Location:
    On the Fortuna II
    Someone had to do it.

    It's amazing.

    There is a feeding frenzy going on over this coin, with dealers lining up the minions to buy for them, and there is not 1 post here (except for a post today by Starter in his small gold coins topic). I guess the numi folks are elsewhere now.

    Ok, 2 posts, I just found another.
     
  2. Starter

    Starter Silver Member Silver Miner

    Joined:
    Jan 31, 2013
    Messages:
    645
    Likes Received:
    95
    Trophy Points:
    28

    I guess it will be a great play for people planning on selling within the next year or so.

    This reminds me of something like either the 2014 Baseball HOF coins or the 2015 Kennedy gold coins. Very good price appreciation in the beginning, but anything can happen after that.

    I take it that you are planning to buy some yourself?
     
    <SLV> likes this.
  3. MrLucky

    MrLucky Silver Member Silver Miner

    Joined:
    Apr 27, 2011
    Messages:
    966
    Likes Received:
    457
    Trophy Points:
    63
    Occupation:
    Gambling man
    Location:
    On the Fortuna II
    Not really. I am a minion for a dealer. I am buying my limit for him. I may pick up one after the frenzy is over. Not sure.
     
    Starter likes this.
  4. Professur

    Professur Midas Member Midas Member Site Supporter ++

    Joined:
    Mar 31, 2010
    Messages:
    4,588
    Likes Received:
    4,172
    Trophy Points:
    113
    $205 for a 1/10th when spot is $1250?
     
    southfork likes this.
  5. Starter

    Starter Silver Member Silver Miner

    Joined:
    Jan 31, 2013
    Messages:
    645
    Likes Received:
    95
    Trophy Points:
    28
    You got it. This coin is for one of two kinds of buyers:

    1) People who really like the coins from 1916 and want to have a keepsake

    2) People who want to make quick money from the people in the 1st category


    The Mint assigned this premium based on this knowledge, and I don't blame them.
     
    Last edited: Apr 21, 2016
    southfork, oldgaranddad and Professur like this.
  6. <SLV>

    <SLV> Gold Member Gold Chaser Site Supporter

    Joined:
    Apr 1, 2010
    Messages:
    2,688
    Likes Received:
    2,932
    Trophy Points:
    113
    I doubled my money on the BHOF coins within a week of taking delivery. It is a beautiful coin.
     
    Professur likes this.
  7. birddog

    birddog Gold Member Gold Chaser

    Joined:
    Feb 28, 2011
    Messages:
    2,304
    Likes Received:
    2,341
    Trophy Points:
    113
    Got my order in....
     
  8. birddog

    birddog Gold Member Gold Chaser

    Joined:
    Feb 28, 2011
    Messages:
    2,304
    Likes Received:
    2,341
    Trophy Points:
    113
    And..... they're gone.
     
  9. MrLucky

    MrLucky Silver Member Silver Miner

    Joined:
    Apr 27, 2011
    Messages:
    966
    Likes Received:
    457
    Trophy Points:
    63
    Occupation:
    Gambling man
    Location:
    On the Fortuna II
    On back order as of 12:21 pm.
     
  10. <===Foolsgold

    <===Foolsgold Gold Chaser Site Supporter ++ Platinum Bling

    Joined:
    Mar 31, 2010
    Messages:
    3,884
    Likes Received:
    3,455
    Trophy Points:
    113
    Location:
    Pennsyltucky
    Good that settles that.
     
  11. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,076
    Likes Received:
    10,328
    Trophy Points:
    113
    Odd how the mint can charge 50 to 100 % mark ups and more but coin stores selling old 1900s gold at preiums are called scam artists and prosecuted by .gov
     
    oldgaranddad and birddog like this.
  12. Dude

    Dude Midas Member Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    4,502
    Likes Received:
    1,461
    Trophy Points:
    113
    Got 20. Will keep the 6 best ones and send 14 forthwith $25 profit per. Also get to keep all the OGP. I thought it was a win win win.
     
  13. Dude

    Dude Midas Member Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    4,502
    Likes Received:
    1,461
    Trophy Points:
    113
    Penn Metals offered the bounty.
     
  14. Professur

    Professur Midas Member Midas Member Site Supporter ++

    Joined:
    Mar 31, 2010
    Messages:
    4,588
    Likes Received:
    4,172
    Trophy Points:
    113
    OGP?
     
  15. birddog

    birddog Gold Member Gold Chaser

    Joined:
    Feb 28, 2011
    Messages:
    2,304
    Likes Received:
    2,341
    Trophy Points:
    113
    Original Government Packaging.
     
    Professur likes this.
  16. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

    Joined:
    May 31, 2015
    Messages:
    12,777
    Likes Received:
    12,439
    Trophy Points:
    113
    Occupation:
    Architect
    Location:
    Cow Hampshire
    I can live without them at those prices
     
    Last edited: Apr 22, 2016
    southfork likes this.
  17. Irons

    Irons Deep Sixed Site Supporter Mother Lode

    Joined:
    Mar 30, 2010
    Messages:
    21,898
    Likes Received:
    26,874
    Trophy Points:
    113
    We were talking about them March 5 in Starter's thread, I will snag one from a third party on ebay for cheap when the hubub dies down. Give it a few months and somebody with a few will have to make a tattoo payment and will dump some at a loss.
    It always happens. :2 thumbs up:
     
    oldgaranddad likes this.
  18. Starter

    Starter Silver Member Silver Miner

    Joined:
    Jan 31, 2013
    Messages:
    645
    Likes Received:
    95
    Trophy Points:
    28
    I also chose not to buy the coin yesterday partly for that reason. But mainly because I do not feel particularly drawn to the coin. If the price refuses to go down within the next year, I am also happy to keep my money.

    On another note, I agree that your first posting on these coins in the "Small US Gold Coins" thread was appropriate. I purposely named the thread like that to cover a broad range of coins, but only limited to US coins. I mainly had gold half eagles in mind, but any US gold coins of 1/4 oz or less fall into that category, as I see it. And Mr. Lucky starting a new thread specifically for this coin was also appropriate. It is perfectly fine for one topic to be discussed in two threads, if that topic is a subset of a broader topic in a different thread.
     
  19. Irons

    Irons Deep Sixed Site Supporter Mother Lode

    Joined:
    Mar 30, 2010
    Messages:
    21,898
    Likes Received:
    26,874
    Trophy Points:
    113
    I think it's a good thing too. This forum is big enough it is almost impossible to know what is in every thread.
     
  20. MrLucky

    MrLucky Silver Member Silver Miner

    Joined:
    Apr 27, 2011
    Messages:
    966
    Likes Received:
    457
    Trophy Points:
    63
    Occupation:
    Gambling man
    Location:
    On the Fortuna II
    I started this thread (even though the coin was mentioned in Starter's thread which I noted in my initial post) as it was done before for other Mint coin offerings. Although this is probably the smallest (1/10) to garner such attention. Also it is true that when a coin is discussed in a blanket thread (small gold coins), after a few pages it gets lost.

    Interest in this coin will die shortly and it will sink down like the 2015 Platinum coin and others have. then we can return to Starter's thread for the rest of the small coins.:beer:
     
  21. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,076
    Likes Received:
    10,328
    Trophy Points:
    113

    This will go the way of the Kennedy gold coin and anyone holding will lose their butts.
     
    earplugs and Chester-Copperpot like this.
  22. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

    Joined:
    Aug 24, 2010
    Messages:
    3,276
    Likes Received:
    2,469
    Trophy Points:
    113
    Exactly how I see it going.
     
  23. Dude

    Dude Midas Member Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    4,502
    Likes Received:
    1,461
    Trophy Points:
    113
    It a collector coin commemorating a series of collectible coins. If you find one for $20 under issue price in a year, it won't be a pretty one. 2 of my remaining 6 will go on eBay Saturday night. I'll probably end up with the best 4 of 20 and cash in my pocket.
     
  24. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

    Joined:
    May 31, 2015
    Messages:
    12,777
    Likes Received:
    12,439
    Trophy Points:
    113
    Occupation:
    Architect
    Location:
    Cow Hampshire
    That's great! I always buy as close to melt as I can. These days paying collector premiums is a huge risk! One I don't feel comfortable taking
     
  25. earplugs

    earplugs Gold Chaser Platinum Bling

    Joined:
    Apr 2, 2010
    Messages:
    3,555
    Likes Received:
    1,551
    Trophy Points:
    113
    does anyone feel they have to include these modern remakes to fulfill their classic coins collection? I don't think classic merc dime collectors will find a need to have the this new merc gold dime, and that seems to me where longlasting collector basis will come through. Jmho
     
  26. Irons

    Irons Deep Sixed Site Supporter Mother Lode

    Joined:
    Mar 30, 2010
    Messages:
    21,898
    Likes Received:
    26,874
    Trophy Points:
    113
    Hard to say how popular they will be with collectors. That said I do know people loved our old coins before they were all covered with dead presidents. The US had some world class beautiful coins back in the day.
    Many of the ones I find metal detecting are so circulated the dates are worn right off.
     
    earplugs likes this.
  27. Dude

    Dude Midas Member Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    4,502
    Likes Received:
    1,461
    Trophy Points:
    113
    They are tiny but awesome. The packaging is pretty amazing as well. I am going to keep the best 4 of the 20. The other 16 are sold. HCN is hawking MS-70's for $500.
     
  28. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

    Joined:
    May 31, 2015
    Messages:
    12,777
    Likes Received:
    12,439
    Trophy Points:
    113
    Occupation:
    Architect
    Location:
    Cow Hampshire
    Being a stacker and not a collector per se I considered buying one then rejected the idea as the premium is too high. I've only paid any type of excessive premium on some pre-1933 coins only because I think the historical value is cool. 90% of my holding in metals are as close to or below melt as possible when I buy
     
  29. Dude

    Dude Midas Member Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    4,502
    Likes Received:
    1,461
    Trophy Points:
    113
    I am like you with a minor caveat. If I can take a purchase, whether a US Mint offering or a collection where I can sell off most, make a profit and still keep "overpriced" gold or silver, I will. I don't ignore the coin market and I'm not building a collection strictly as a hobby. I purchase and keep what I like with the intention of seeing appreciation. It's a different bucket in case the metals market retraces back to 2005 values.
     
  30. MrLucky

    MrLucky Silver Member Silver Miner

    Joined:
    Apr 27, 2011
    Messages:
    966
    Likes Received:
    457
    Trophy Points:
    63
    Occupation:
    Gambling man
    Location:
    On the Fortuna II
    Look out below.....prices are dropping. That should make Starter happy. :mailboxhappy:

    As more coins become available the asking price (raw+ogp) continues to drop.

    The lowest I've seen so far is $233 + shipping. Not much higher than the original price of $205 + $4.95 for basic shipping.

    Another Kennedy in the making.
     
  31. Starter

    Starter Silver Member Silver Miner

    Joined:
    Jan 31, 2013
    Messages:
    645
    Likes Received:
    95
    Trophy Points:
    28

    I'll be looking at the price!

    Of course, if the price indeed moves lower, there will be no reason to hurry. At that point, budget considerations will be the main priority!
     
  32. itsamess

    itsamess Silver Member Silver Miner

    Joined:
    Jan 4, 2013
    Messages:
    506
    Likes Received:
    397
    Trophy Points:
    63
    They are still going on the bay for $270+. Beside the finned error are now going for $480. Strange that this coin would have so many errors, but I guess its only $200 so mint quality control maybe less than normal for AU coins
     
  33. birddog

    birddog Gold Member Gold Chaser

    Joined:
    Feb 28, 2011
    Messages:
    2,304
    Likes Received:
    2,341
    Trophy Points:
    113
    You have more info on the finned error? First I've heard of an error coin....
     
  34. itsamess

    itsamess Silver Member Silver Miner

    Joined:
    Jan 4, 2013
    Messages:
    506
    Likes Received:
    397
    Trophy Points:
    63
    Not a lot but discussed with decent pictures here
     
    birddog likes this.
  35. Starter

    Starter Silver Member Silver Miner

    Joined:
    Jan 31, 2013
    Messages:
    645
    Likes Received:
    95
    Trophy Points:
    28
    Every once in a while, a coin dealer gets burned by buying too many of one type of coin. Their inventory gets flooded with the same type of coin, and when the dealer needs money, it is forced to sell those coins, often at a loss. I have seen it happen on eBay with two different dealers, each with a different type of coin.

    I think I have found one more case where this is on the verge of happening...

    http://www.ebay.com/sch/Modern-Gold-1984-Now/179534/i.html?_nkw=&_udlo=&_udhi=&_ftrt=901&_ftrv=1&_sabdlo=&_sabdhi=&_samilow=&_samihi=&_sadis=15&_stpos=30092&_fss=1&_fsradio=&LH_SpecificSeller=1&_saslop=1&_sasl=texasgse&_sop=12&_dmd=1&_ipg=50

    I did a search on eBay for US modern gold sold by the dealer called texasgse. This category covers all kinds of modern gold minted in the US starting from the year 1984. As of today, most of the listings here are for the centennial gold mercury dime, and almost all of them are graded SP70. The winning bids have recently ranged from 240 to 255.
     
    Last edited: Sep 3, 2016
  36. birddog

    birddog Gold Member Gold Chaser

    Joined:
    Feb 28, 2011
    Messages:
    2,304
    Likes Received:
    2,341
    Trophy Points:
    113
    I think its crazy that they go from a count of 10 per household down to 1. At least let me get two..... Geez.....
     
  37. CrimsonGuardJay

    CrimsonGuardJay Silver Member Silver Miner

    Joined:
    May 16, 2014
    Messages:
    1,685
    Likes Received:
    1,155
    Trophy Points:
    113

    You are correct, sir. He has a shitload of stuff for sale, but among those, quite a few of those perfect graded 2016 dimes.
     
  38. farscott

    farscott Silver Member Silver Miner

    Joined:
    Mar 31, 2010
    Messages:
    164
    Likes Received:
    89
    Trophy Points:
    28
    Location:
    North Alabama, USA
    I was able to get one of these in a PCGS SP-70 ER slab for $255 delivered. Since I collect "Winged Liberty" dimes, the premium does not bother me too much.
     
  39. Foxwoods Man

    Foxwoods Man Silver Member Silver Miner

    Joined:
    Jan 3, 2011
    Messages:
    1,115
    Likes Received:
    412
    Trophy Points:
    83
    The rest of the gold dimes will be up for sale at the Mint on Thursday
     
  40. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,076
    Likes Received:
    10,328
    Trophy Points:
    113
    Mints bat shit crazy with their pricing, they would make a lot more if they had fairer prices, Canadian mint is nuts with their prices also.
     
    Professur likes this.

Share This Page