Gold Mercury Dime Release; US Mint Price Hikes Possible

by Mike Unser on March 8, 2016 · 18 comments

2016-W $5 Mark Twain Commemorative Gold Coins and Cases

Prices may increase on U.S. Mint gold products, like the 2016-W $5 Mark Twain Gold Coins

There’s a good chance that the United States Mint on Wednesday, March 9, will raise prices on its suite of collectible gold coins.

Potential increases come on the heels of advancing gold as it bounces near a 13-month high.

U.S. Mint policy is to set prices of collector gold coins based on a weekly average of London gold. That policy has resulted in three rounds of adjustments this year. The last one happened on Feb. 17 when gold’s weekly average settled to within the range of $1,200.00 to $1,249.99 an ounce. The yellow metal has since firmed into a higher tier, and is now trading near $1,266 an ounce.

If Wednesday’s LBMA gold price for the PM stays atop $1,249.99 an ounce, expect the following adjustments across the Mint’s gold products:

From To
2016-W $5 Mark Twain Gold Proof Coin $405.45 $417.60
2016-W $5 Mark Twain Gold Uncirculated Coin $400.45 $412.60
2015-W Proof Gold Buffalo Coin (1 oz)* $1,590.00 $1,640.00
2015-W Uncirculated Gold Eagle Coin (1 oz)* $1,525.00 $1,575.00
2015-W Proof Gold Eagle Coin (1 oz)* $1,560.00 $1,610.00
2015-W Proof Gold Eagle Coin (1/2 oz)* $795.00 $820.00
2015-W Proof Gold Eagle Coin (1/4 oz)* $410.00 $422.50
2015-W Proof Gold Eagle Coin (1/10 oz)* $175.00 $180.00
2014, 2015 & 2016 First Spouse Gold Proof Coins $815.00 $840.00
2014, 2015 & 2016 First Spouse Gold Uncirculated Coins $795.00 $820.00

 

Products with an asterisk (*) have been unavailable for some time.

Past adjustments have tended to happen on Wednesdays at around 2:00 p.m. ET. This article will get updated with what actually happens.

Update: Wednesday’s PM London gold price tumbled to $1,246.40, averting any change in coin prices even as the weekly average remained well above $1,249.99 an ounce.

The above gold coins are found on the U.S. Mint’s website page located here.

Upcoming Gold Coins

2016 Centennial 24k Gold Coin Mock-Ups

U.S. Mint mock-up images of 2016 Centennial 24k Gold Coins

A number of 2016-dated U.S. gold coins are launching soon. The United States Mint has also updated its product schedule to include an on sale date for the highly anticipated Mercury Dime 2016 Centennial Gold Coin.

Here’s a listing of collectible gold releases through July:

  • 2016 Proof American Gold Eagles – Mar. 17
  • 100th Anniversary of the National Park Service 2016 $5 Gold Coins in proof and uncirculated – Mar. 24
  • 2016 Betty Ford First Spouse Gold Coins – Mar. 25
  • 2016 Proof American Gold Buffalo – Mar. 31
  • 2016 Uncirculated American Gold Eagle – Apr. 17
  • 2016 Mercury Dime Centennial Gold Coin – Apr. 21

The next scheduled gold product launch doesn’t happen until July when sales kick off for the 2016 Nancy Reagan First Spouse Gold Coins.

In addition and related to the gold Mercury dime, release dates have not been announced for the .9999 fine gold coins commemorating the centennial of the Standing Liberty quarter and the Walking Liberty half-dollar.

{ 18 comments… read them below or add one }

joe#2 March 8, 2016 at 11:07 am

Lol. If you make the pic bigger on the coins, The gold mercury dime looks like a “straight line” running down through it. If you look at the half dollar one on front right leg, Looks like a “carbon copper spot.” Hoping the real coins won’t look like that…

joe#2 March 8, 2016 at 11:12 am

Also, On the reverse of the half dollar, You will see a carbon copper spot on right feathers? What kind of cra- is this mint putting out??? Hoping it’s only these pics. .999 and .9999 should be perfect.

Two Cents March 8, 2016 at 12:46 pm

Joe#2, those pics of the centennial coins are only mockups that the US Mint made to show what the upcoming actual coins will look like. They colored real Mercury and Standing/Walking Liberty coins to look like gold, replaced the date, and added appropriate wording on the reverses.

Whatever defects appear on the original coins are on the mockups; I am sure that the actual centennial coins will be pretty much as perfect as they can be.

Whistler March 8, 2016 at 12:52 pm

They should have made them in silver. Mint profiteers would have made $$…they wold have charged like $30 for one silver dime…….

Senior March 8, 2016 at 11:59 pm

I believe the there is just cause for criticism

joera March 9, 2016 at 2:34 am

Commemorating the centennial of these three coins in silver would have been PERFECT! When they first came out they were minted in silver. Or, to make everybody happy, maybe have centennial coins made of both silver and gold. But the Mint is not in the business of making people happy.

Shawn Ketron March 10, 2016 at 6:11 pm

I would love for the Mint to make the centennial coins in silver and gold. It is a shame to have a original silver coin minted in gold but not in silver.

Dwight March 21, 2016 at 8:02 am

As it turns out for the specifications of the 2016-W Gold Winged Liberty Dime to be released on Thursday April 21, 2016 @ 12:00 PM EDT, its diameter will be 16.5 mm, its thickness will be 1.19 mm and its weight will be 1/10 troy oz. . These are the same specifications as the 2008-W Buffalo Gold 1/10 troy oz. coin. By comparison the 1916 Mercury Dime had a diameter of 17.9 mm, thickness of 1.35 mm and had a weight of 2.5 grams of 90% silver.

Richard March 30, 2016 at 1:44 am

I’m so happy they decided to make a gold centennial coin to commemorate such a beautiful design as the Mercury dime, can’t wait to get mine!

Silver Savior April 10, 2016 at 9:26 pm

I want that new gold Mercury dime so bad. I wonder if I will be able to get one.

joera April 11, 2016 at 12:28 am

Silver Savior:
The mintages for the gold Mercury Dime is 125,000 coins total and I think the house hold limit is 10 coins per house hold. I think 125,000 mintage is a little high for this commemorative coin. But with the house hold limit at 10, which is also high, it might cause quicker sales but maybe not a “sale out” on the first day of issue. With that in mind, I think you should be able to get you one. But then again with all the presales on eBay and on TV coin shows it could go either way. I hope you and any other real collectors are able to get theirs before all the coin dealers and flippers get theirs. GOOD LUCK TO US ALL!!

Don Ross April 16, 2016 at 1:19 pm

One more comment.
The mint, by striking in gold, had already made a diversion from the original mercury dime. Their decision to use commercial strike to preserve the original intent makes no sense in that light. They should have struck in silver if they wanted to preserve the look of the original.
In gold, it is clearly a special anniversary release, but with a dull, lusterless strike thanks to the commercial strike decision.
Really disappointing.
But on the bright side, I now have more budget for other coins, given that I will buy at most one, and perhaps zero, of these dull commercial strike gold coins.

Richard Romero April 20, 2016 at 10:02 am

Meh…you win some, you lose some. ^^^

Richard Romero April 20, 2016 at 3:03 pm

$205!!!

Jeff April 21, 2016 at 11:54 am

Looks like it sold out less than 40 minutes after it went on sale. Less than 10 minutes after it went on sale, it was already in backorder status (available May 6). The dealers all ordered multiples of 10, leaving the individual collector out in the cold. The Mint would really be doing collectors a favor by reducing the household limit.

joera April 21, 2016 at 2:29 pm

I did not see that sell out coming so early. I just glad I ordered by cell phone while at lunch.

Jp April 21, 2016 at 4:54 pm

Are you sure it is sold out? I think that the Mint has merely run out of coins that they have pressed. It doesn’t say sold out does it? I did get my order of 3 in at 12:06. Order confirmed and processing. We shall see where that goes I guess.

Jeff April 22, 2016 at 7:36 am

Here’s what the Mint website says:

“We are currently out of this item, but more may be available later. Provide your email using the “REMIND ME” button and we will let you know when we are taking orders again.”

This is their typical message after a coin sells out. They may take orders again when the returns come in. The Mint apparently ran out of pressed coins about 10 minutes into the sale, after which it went on backorder.

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