2016 Gold Mercury Dime Centennial Released by Mint
The United States Mint released the highly anticipated 2016 Mercury Dime Centennial Gold Coin on Thursday, April 21st and unsurprisingly it sold out in 45 minutes. The coin, which had a mintage of 125,000 and is 1/10th ounce pure gold, was priced at $205 and had an order limit of 10 coins per household. The pricing of the coin, along with the future releases of the Standing Liberty and Walking Liberty Centennial were recently added to the Mint’s “Pricing of Numismatic Gold, Commemorative Gold, and Platinum Products,” which dictates the what the Mint charges for its coins based on the gold spot price at time of release. For comparison, a 1/10th ounce proof Gold Eagle would be priced at $175 for the same spot price, 15% less than the gold Mercury. The price is also higher percentage wise relative to gold spot than the $5 commemorative gold coins. As has been the case in recent years, many of the coins were immediately offered in the secondary market by dealers and individuals. Scanning eBay the evening of the release, raw coins in their box were trading between $260 and $320, while certified MS70 coins were being pre-sold in the range of $450 and $550. It will be interesting to follow the population numbers as these coins begin to be certified by the major grading services to see the percentage of coins given the MS70 grade.