2016 Mercury Dime Centennial Gold Coin Unavailable … For Now

by Mike Unser on April 22, 2016 · 140 comments

2016 Mercury Dime Centennial Gold Coin, Obverse and Reverse

Obverse and reverse sides of 2016 Mercury Dime Centennial Gold Coin

Collectors didn’t have a lot of time on Thursday to order the new 2016-W Mercury Dime Centennial Gold Coin. The 24-karat gold coin went on back order after about 20 minutes and then became unavailable by the 40-minute mark.

"The status of the Mercury Dime 2016 Centennial Gold Coin will remain as currently unavailable until all order reconciliations and order cancellations have been processed," U.S. Mint spokesman Michael White said in a brief statement.

The U.S. Mint set the mintage of the highly-anticipated collectible to 125,000 and it imposed a household ordering limit of 10 pieces.

Many who ordered or tried needed patience. A number of buyers described their difficulties in ordering online because of the volume of traffic, saying they experienced website sluggishness and connection timeouts — especially within the first 10 to 15 minutes.

Curiously, Mint officials didn’t have significant stats available for CoinNews at this writing, such as how many coins sold in the very early going or how many were at its fulfillment warehouse for shipping. We’ll offer more information here as it becomes available.

At $205 per coin, excluding shipping and if they all sold out, the United States Mint would take in orders totaling more than $25.6 million. The collector coins are already selling in the secondary market at significant premiums. Those in original packing have prices from around $295 to $350 while early release MS70s are listed from around $400 to $600.

The gold Mercury dime is one of three .9999 fine gold coins the U.S. Mint will release in 2016 to celebrate popular designs introduced 100 year ago. Launching later in the year are the gold Standing Liberty quarter and the gold Walking Liberty half-dollar. (See mock-ups of these gold coins.)

The centennial issues are struck to weights of 1/10 oz. gold for the dime, 1/4 oz. gold for the quarter, and 1/2 oz. gold for the half-dollar. The 1916-dated coins bearing the original designs have a composition of 90% silver and 10% copper.

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Seth Riesling
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Seth Riesling

Christopher Williams –

I guess he pays others to buy the household limit for him like MCM in Sarasota, Florida does, but Mezack actually brags about it with his orange fake tan & arrogant attitude on live cable television shows on HSN & then rips off the uneducated buyers he has hooked on his HSN Coin Collector shows. How shameless!

-NumisDudeTX

Christopher Williams
Guest
Christopher Williams

Mike “Sold Out Limited Edition” Mezack was hawking the “2016 Mercury Gold Dime” on HSN Saturday night (I DVr’d it) and it was stating how he (paraphrasing) “Logged on on 12PM, got kicked off and finally got his coins at 12:11.”

And yet on HSN alone, he had 1,789 coins in SP70 to sell.

Seth Riesling
Guest
Seth Riesling

Christopher Williams – I set my cable tv for his show at 1am this morning here in Austin, Texas & laid down earlier & woke up hearing his arrogant voice coming from my living room where the tv is. I thought I was having a nightmare! LMAO. The sad thing is he only has third-rate grading service ANACS graded coins & is asking top $ for them ($499.95) when I know a full-time reputable dealer in California who has top grading service PCGS SP-70 coins for only $350 & the PCGS 69 coins at $295 & coins in OGP/OMP for just $275. (L&C Coins company in Los Alamitos, California) I don’t see how Mezack sleeps at night! I have never understood how ripoff artists can live with themselves. Mezack could make a lot of money as a regular above the board coin dealer, but his ego is such that he… Read more »

Christopher Williams
Guest
Christopher Williams
Christopher Williams
Guest
Christopher Williams

What is really interesting, Seth, is that Mike “Sold Out, Limited Edition” Mezack has only sold 300 of the 1,789 available as of 8:15 PM tonight (04/30/2016).

Seth Riesling
Guest
Seth Riesling

Christopher Williams –

Very interesting for sure! Mezack allso has 1,916 coins with another exclusive ANACS label for his Cable Shopping Network collector catalog & infomercials customers. Maybe he has oversaturated the market on these gold dimes. Plus, many viewers not familiar with these dimes or the nunumismatic hobby might be surprised when they see how small they are (smaller than a Lincoln cent & even a bit smaller than the original silver “Mercury” dime) on tv & decide not to buy them at $499.95 each. Hopefully he will be stuck with alot of them!

-NumisDudeTX

Christopher Williams
Guest
Christopher Williams

Seth-

Eventually Mezack will have to lower the price on them, which will infuriate those who purchased them at the $499.95 price.

njpba600
Guest
njpba600

I just bought one on eBay for $275 (free sh) minus $50 from using one of my credit cards that I remembered had a $50 cash bonus on it. So I actually paid a total of “$225” for it! So I guess it worked out well after all once I realized I had that $50 credit bonus on my cc.

jim
Guest
jim

To tell the truth, I was not impressed with the gold dime. Yeah, it’s small and the placement of the coin in the packaging gives a good view of the obverse but not of the reverse. I suppose one can pop the coin out of the packaging but I’d rather not risk it. Sometimes the machine packaging puts the coin in so tightly that I have to take the packaging apart and bend it to work the coin out. I still would prefer a proof version.

Don’t get me wrong about the packaging – I was impressed with the layers of protection provided and the feel of its texture. I can see how this coin can be priced at a $30 premium over the 1/10 oz gold eagle. I still would prefer the option to buy the coin in a simple box and bypass the fancy packaging.

Christopher Williams
Guest
Christopher Williams

Mike “Sold Out, Limited Edition” Mezack.

Jp
Guest
Jp

OK, so here is my take on this Mezack guy you all are talking about. I have not been familiar with this guy or his shows until this ongoing blog about him. Thanks for including the you tube video of his show. I never watch so I am not in the know of him. To me this is a guy who buys and sells coins, not unlike any other coin dealer. He’s merely in the retail coin business. There are thousands of retail coin businesses around the world. EBay is full of them. I cannot fault the guy for selling his coins at whatever price he thinks he can get. There isn’t a coin seller out there who wouldn’t do the same. So there is no fault there. It is the unknowledgeable buyer who buys from him that is at fault, but… as long as they are OK with how… Read more »

Christopher Williams
Guest
Christopher Williams

Mike “Sold Out, Limited Edition” Mezack “Expects a complete and total sellout.”

In my opinion, he’ll never sell all 1,789.

Christopher Williams
Guest
Christopher Williams

JP- There’s no “nuking” here. We all have an opinion. In the future though, please “space” your paragraphs to make it easier for all of us to read your comments. I’m mainly an autograph hobbyist, but I have always loved coins. I joined here to learn, but I’ve been watching Mike “Sold Out, Limited Edition” Mezack for a long time…. I remember a long time ago buying MS70 coins from HSN. I was very excited to own them. I opened them up and low and behold, all five coins had dings on them. Obvious dings. HSN has always been great about refunds and they returned my money immediately upon receiving my return. That put a sour taste in my mouth about Mezack. Then I remember a few times Mezack stating “These are sold out at the US Mint.” So during the course of one airing after with him stating the… Read more »

Jp
Guest
Jp

Christopher Williams-
Forgive the spacing. I wrote that comment in a Word doc and cut and paste it. I guess it didn’t convert well.

You know all kinds of retail people embellish. I watched that you tube video again and Mezack stretches the truth but I didn’t hear any out and out lies.
Unlike our politicians now a days.

One possible good thing about this guy is that by having him keep his price high that may also help drive the market for anyone else who sells coins or for those of us that just collect it can help to keep our investment more valuable.
I do care about my coins holding and also increasing in value. Nothing wrong with that.

Rodney Moore
Guest
Rodney Moore

JP-
What makes me mad at Mezack – who apparently bought 3,600 coins – is that the people working for him to buy the coins is jamming up the website and then buying coins that have a 5-per-household limit which prevents regular everyday collectors from being able to buy from the mint at the regular un-inflated mint price.
This doesn’t compare at all to jewelry stores that mark up their items 600% because they buy from wholesale places and not from the US Mint that has limits in place to stop this type of thing from happening.
It does make one wonder if he is colluding with the mint, because you’d think if an ordinary citizen did this regularly in such scale that the mint would take action against him.
My take on the guy is that he is harming the regular collectors and maybe souring new entrants into the hobby.

Jp
Guest
Jp

Rodney Moore-
Point well taken. I have been frustrated when I have had difficulty ordering a coin from the Mint. The last one I remember most vividly was the Baseball coin fiasco.
Part of the problem was the US Mint’s site though.

If this Mezack guy obtained that many coins you would think the Mint would look into it, but, if he has bought them thru other purchasers I don’t think there is much the Mint can do about it. It sounds like he has been in business for a long time and no doubt has a circuit of regular buyers that he purchases from.

I agree, it’s sad for the true coin collectors.
Maybe the Mint should try beginning a sale on a weekend or in the evening rather than always on a Thursday at Noon.

Christopher Williams
Guest
Christopher Williams

Rodney-

The number is much higher than the 3,600 you mentioned. Those are just the ones graded ANACS SP70.

The actual number is 3,705.

How many did he have to purchase just to get those 3,705 graded ANACS SP70.

Think about that.

Hilary Lerner
Guest
Hilary Lerner

Anybody know the dates of release of the gold centennial quarter and half dollar?

CoinNews.net
Admin

The U.S. Mint hasn’t provided release dates yet for the half-dollar and quarter centennial gold coins.

BTW, here’s a video of one of the gold Mercury dimes. Tomorrow, May 16, we’ll publish some photos of the dime along with this video.

jim
Guest
jim

Hilary –
The mint knows, they’re just not telling. Or, more likely, whoever’s responsible for updating the product schedule is too lazy to update the schedule. Providing a schedule that’s only 3 weeks out after almost 5 months into the year is ridiculous – another example of poor management by seat-warmer Jeppson. And still having 12 TBD’s at this time of the year shows an incredible lack of control over what’s going on at the mint.

Bilelle
Guest
Bilelle

Interesting comments here about the Gold Mercury Dime. If the mint wanted to give the collector a chance with coins like the Gold Mercury Dime they would not set the limit at 10 per household but rather set the limit at 1 for the first four weeks or so and then raise the limit.
I see that the Mint has done some work with addresses that the coins were to be shipped to and stopped orders that exceeded the 10 limit per household.
It looks like the mint has about 6000 of the Dimes left. I sure wish they would introduce the 1 coin per household for these remaining coins so that more collectors would have a chance at obtaining the coin at a better price.
Bilelle

Rodney Moore
Guest
Rodney Moore

Bilelle –
where did you see that the Mint did work with the addresses and stopped shipment on orders that exceeded the ten coin limit?
Thanks!

jim
Guest
jim

Bilelle –
Considering that 6,000 remain after being available almost 4 weeks I think that all collectors, dealers, flippers, etc. have bought all they want and reducing the limit won’t make any difference. The market for this little coin is sated. But your suggestion is not bad. Remember Jeppson who has no interest in supporting collectors is “in charge” so that won’t change any time soon.

Bilelle
Guest
Bilelle

Hi Jim, thanks for your comments. Besides the 1 coin limit for four weeks the other feature I think would help is that anyone who bought on the first day could not buy again until the 4 weeks is up.

Jim I am sure the market at this point may well be satisfied with product. However GREED seems to never go away so that is why I think the restriction of anyone who has received the Gold Mercury should not be allowed to buy in this 4 week period.
I think the fokes at the mint are looking for ways to spread the Gold Mercury Dime around to more individuals at this point.

jim
Guest
jim

Rodney Moore –
My comments were based on Bilelle’s original comment. I assumed Bilelle had some way of knowing or calculating the number 6000 and from his comment that these were available for sale at the mint’s web site. If in fact there are 6000 available at the mint and the mint is just sitting on them then this is another example of Jeppson’s laissez-faire or in other words hands off management style. Jeppson is more and more demonstrating his total lack of competence and needs to be reprimanded and/or removed from his position of dep dir of the mint. I guess it’s time to write a letter to Treasury Secretary Lew (his boss) and see if he can’t get Jeppson to do his job..

Rodney Moore
Guest
Rodney Moore

Jim,
Do you mean the 6,000 that remain that are marked up hundreds of dollars? You mentioned that collectors, dealers, flippers have bought all they want – which may be so at the inflated rates.
However I,other collectors and even flippers, are probably interested in getting some from the mint at the original un-inflated, mint price.
I do hope the mint releases the remainder at a one per household limit because that would be somewhat fair.

Rodney Moore
Guest
Rodney Moore

There’s no way to go back and edit , so I’ll add:

Jim, initially I thought you mint the 6,000 available was the ones being offered by flippers, but looking back it seems you mint the ones at the mint?
So your comment doesn’t make sense to me if you meant the ones left at the mint. The 6,000 at the mint haven’t been available for people to buy, so that’s why the mint still has them.

Bilelle
Guest
Bilelle

To answer the question about where I got the number just under 6000 coins it was from the mints on data that is always on the mint web site. You have to dig a little to find it but it is there. The Actual number is 5080′ but I think the min it maybe still be checking out orders for violations of the 10 per household. I really believe the team working on the 2016 Gold Mercury Dime project is waiting until they know that they have satisfied the original set of legitment orders and after that the possible sale of these Dimes that are under the 125,000 mark. I do think those working on the mechanics of the next mint sale of the 2016 Gold Mercury are weighing fairness in their debates. From the eyes of a collector, not a dealer or a flipper, I still feel a 1… Read more »

Don Rasky
Guest
Don Rasky

Purchased only one coin. Was told that it was “damaged in transit”. The mint did not contact me on this at all. If I was not constantly checking the web site I never would have known. O.K., damaged in transit and returned to the U.S. Mint. So my question to them was when would it be re-sent, or a substitute sent. The mint told me, several times, that I could not get my a coin, or another, period. They never could say why though. If I bought a coin, damaged in transit (not my fault) why could I not get another one?? They stated that I could only get a refund. Even Wal-Mart will send you another item if the original is damaged in transit (not my fault). Finally got my coin. But what a struggle!! I have read on line of similar stories from others who have gone through… Read more »

Christopher Williams
Guest
Christopher Williams

I was watching Mike “Sold Out, Limited Edition” Mezak on Sunday (07/24/2016) night and he was still hawking his inventory of “2016 Mercury Dimes.”

Bolelle
Guest
Bolelle

Does anyone have any info from the mint on the status of the 2016 Gold Mercury Dimes that are left over from the 20
Minute Sale? 7-26-16
Bilelle

jim
Guest
jim

I complained to Sec Lew about mint management, product schedule, etc. who then passed the buck to somebody at the mint and the response I got was the following: “The Mercury Dime Centennial gold Coins proved to be extremely popular, with orders for coins reaching the maximum production limit very quickly once they were placed on sale at noon Eastern Time on April 21. The Mint continues to explore alternatives to ensure a wider distribution of its products. The Mercury Dime Centennial Gold Coin is currently unavailable. You may register for a ‘REMIND ME’ message [I’ve done so for a couple different products and never have I been reminded] if and when we are taking orders again.” It sounds to me like they gave it their one shot and once that sold out have moved onto other things. If the law says they have to sell the standing and walking… Read more »