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Walking Liberty Centennial Gold Coin

birddog

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#1
November 17th is the date for the last in the series. Nothing on the web site as to how many you can purchase as of yet.
 

Starter

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#5
This will be a blockbuster year of gold purchasing by me, especially for my first year!
 

Irons

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#6
Absolutely gorgeous coins! I should start looking for a deal on the merc dime about now too.
 

birddog

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#7
I'm just glad the count is more than 1..... Both the dime and the quarter are stunning.
 

Starter

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#8
As of today, I haven't yet found a dealer to do the quick-sell deal on the gold Walking Liberty half dollars.

Provident, APMEX, and my local coin dealer all told me today that they do not have a special program to buy the coins from middlemen like us.

Maybe I just need to keep looking...
 

savvydon

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#9
As of today, I haven't yet found a dealer to do the quick-sell deal on the gold Walking Liberty half dollars.

Provident, APMEX, and my local coin dealer all told me today that they do not have a special program to buy the coins from middlemen like us.

Maybe I just need to keep looking...
I don't know quite what to make of that. 70,000 available with a three per limit means that it could sell out with just over 23,000 orders. Granted it won't be a cheap coin, but it you remember most of the 125,000 dimes (max was ten per order so it was over 12,000 orders) went in just a few hours.

At this point I know I will be buying at least one. With the recent smackdown in gold it is tempting to roll the dice and go for three...
 

Starter

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#10
I don't know quite what to make of that. 70,000 available with a three per limit means that it could sell out with just over 23,000 orders. Granted it won't be a cheap coin, but it you remember most of the 125,000 dimes (max was ten per order so it was over 12,000 orders) went in just a few hours.

At this point I know I will be buying at least one. With the recent smackdown in gold it is tempting to roll the dice and go for three...
This new one is a bigger, more expensive coin. Basically, it is 5 gold mercury dimes combined into one (or 4.5, if you count the higher premium of the smaller coin).

Going by this scale of 4.5 to 1, the sales limit of 70k is like gold mercury dimes having a sales limit of 315k, as each purchase of 1 gold half dollar will bring the same financial burden as buying 4.5 gold dimes. In effect, it will be much less scarce than the gold mercury dime, as the lower mintage limit will not be enough to compensate for its higher cost.

If I find a dealer for a quick sale, though, I will be happy to buy these from the Mint.

Just my two cents...
 

Shiny

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#11
Given that the coin has same amount of gold as a first spouse - but expected sales of several spouses combined.

It will be interesting to see how the prices compare in secondary market...
 

Starter

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#12
The coin is still available now at $865 per coin!

For the record, I have not purchased one myself.
 

Starter

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#13
The coin is still available now at $865 per coin!

For the record, I have not purchased one myself.
The coin is still available at this time, even with the reduced price resulting from the drop in spot gold and more than one day of sales. It looks like the coin is headed to a fate similar to the gold Standing Liberty quarter.

This time, I believe the Mint set the mintage limit of the coin too high, at 70,000, though they were correct in setting the household order limit at 3.

They should have used the gold Mercury dime as an example and then prorated the mintage limit and household order limit based on the approximate cost of each coin. So, for example, the gold Mercury dime had a mintage limit of 125,000 and a household order limit of 10. If we count each gold Walking Liberty half dollar as the equivalent of 4.2 gold Mercury dimes (based on the cost ratio), this means that the ideal mintage limit of the gold Walking Liberty half dollar should have been about 30,000, and the household order limit should have been 2 or 3 (they were correct for this number).

The initial sales surge from the big dealers and their buyers was not enough to result in a sellout of the coin. At this point, the Mint is relying on random sales from collectors to sell the remaining coins. If we prorate the actual mintage limit of each Centennial gold coin by its cost, their prorated mintage limit will be as follows:

Mercury dime
125k

Standing Liberty quarter
230k

Walking Liberty half dollar
294k

The prorated numbers above suggest that only the Mercury dime will be hotly contested in the secondary market, being the scarcest coin relative to its cost, and the Walking Liberty half dollar will be like the Standing Liberty quarter in the secondary market (or slightly weaker), as it is the least scarce coin of the group relative to its cost.

Adjusting the household order limit to 3 was correct, but it only served to concentrate ownership of the coin into the hands of the big dealers. With high mintage limit relative to its cost, however, the coin remains abundantly available in the secondary market, giving it a weak outlook for market price.
 

savvydon

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#14
Sales were just under 44,000 for the first day. I think the mint was smart on this one. A total mintage of 30,000 would have caused a stampede and made this coin very pricey for after market buyers. I believe we may yet see a sell out by year's end.
 

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#15
Latest mintage report for the Walking Liberty gold coin...

Precious Metal Products 16XA 2016 WALKING LIBERTY 24K GOLD .5OZ 59048 12/18/2016


With the last few price drops at the Mint, someone out there must be licking their lips!
 

Silver Art

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#16
As of now (12:55 AM, June 24, 2017), the 1/2-oz Walking Liberty gold coin is still available for sale at USMint.gov web site. The June 18, 2017 USMint report shows the mintage at 63,692 (out of maximum mintage of 70,000).