US Mint Gold Coin Price Cuts Expected; Walking Liberty Likely $865

by Mike Unser on November 15, 2016 · 43 comments

2016-W Walking Liberty Centennial Gold Coin - Obverse and Reverse

Based on trending gold prices, the centennial 2016 Walking Liberty half-dollar should open at $865.

On Wednesday, Nov. 16, the United States Mint will likely cut prices on about two dozen gold coins.

Debut pricing for the 2016-W Walking Liberty Centennial Gold Coin, which goes on sale Thursday, will also be known Wednesday.

The U.S. Mint sets prices on collector gold coins based on a weekly average of London gold. The agency most recently trimmed prices on Oct. 12 when gold fell to within the range of $1,250.00 to $1,299.99 an ounce. The precious metal has since dropped to a more than five-month low and is trading around $1,228 an ounce.

If Wednesday’s LBMA gold price for the PM remains below $1,250 an ounce, then prices of U.S. gold coins will fall by as much as $50 for every ounce of gold they contain. The following table lists current and likely coin prices:

Current Likely
2016-W Gold Mercury Dime* $210.00 $205.00
2016-W Walking Liberty Gold Half-Dollar $865.00
2016-W Standing Liberty Gold Quarter $472.50 $460.00
2016-W $5 NPS Gold Proof Coin $417.60 $405.45
2016-W $5 NPS Gold Uncirculated Coin $412.60 $400.45
2016-W $5 NPS Three-Coin Proof Coin $478.60 $466.45
2016-W $5 Mark Twain Gold Proof Coin $417.60 $405.45
2016-W $5 Mark Twain Gold Uncirculated Coin $412.60 $400.45
2016-W Proof Gold Buffalo Coin (1 oz) $1,640.00 $1,590.00
2016-W Uncirculated Gold Eagle Coin (1 oz) $1,575.00 $1,525.00
2016-W Proof Gold Eagle Coin (1 oz) $1,610.00 $1,560.00
2016-W Proof Gold Eagle Coin (1/2 oz) $820.00 $795.00
2016-W Proof Gold Eagle Coin (1/4 oz) $422.50 $410.00
2016-W Proof Gold Eagle Coin (1/10 oz) $180.00 $175.00
2016-W Proof Gold Eagle Coin 4-Coin Set $2,982.50 $2,890.00
2015 & 2016 First Spouse Gold Proof Coins $840.00 $815.00
2015 & 2016 First Spouse Gold Uncirculated Coins $820.00 $795.00

 

*The centennial gold Mercury dime has been unavailable for some time.

The U.S. Mint made eight pricing changes earlier in the year, raising them in all but two instances. Past adjustments have tended to happen on Wednesdays at around 2:00 p.m. Eastern Time. This article will be updated with what actually happens.

Update: As expected, the United States Mint reduced gold coin prices. It also set the starting price of the 2016-W Walking Liberty Gold Half-Dollar at $865.

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

{ 43 comments… read them below or add one }

Mammoth November 15, 2016 at 11:31 am

Even if the Mint does indeed reduce the price of the 2016 gold commemorative Walking Liberty Half, folks will still complain about the coin, and the Mint’s handling of it.

I am very pleased to see this beautiful coin finally being released, and will order one even though I can’t really afford it. Yes the gold Mercury Dime is more affordable, but out of the three 2016 gold commemorative coins – due to it’s striking, timeless design – the Walker is the one I’ve been looking forward to the most.

I hope every collector who wants one of these coins will have one.

-Mammoth

michael November 15, 2016 at 2:25 pm

The premium over gold spot is a tough. But would still like to own the coin.

Whistler November 15, 2016 at 2:31 pm

If gold keeps falling I will buy, this will be a melt item unless it sells out & has legs, but the flipper wil need 950 to a $1k for it, they’ll get it & bury the buyers & in light of the gradual loss of collectors, few younger folks enamored with the WL & a 70,000 mintage…. 2018 it will be melt value…..

Seth Riesling November 15, 2016 at 2:53 pm

Mike Mezack on HSN tv show is already offering these in SP-70 grade by third tier grading service ANACS at $1799.95 plus S&H plus your applicable state sales tax! LOL

-NumisDudeTX

Lindy November 15, 2016 at 3:23 pm

Why aren’t these priced the same as 24k 1/2 oz Jackie Kennedy uncs ???
Right now they are $820 and due for a price drop in a couple days due to lower spot price.

Is it the box that makes SLQ 24k 1/2 oz cost more than Kennedy 1/2 oz ???

http://catalog.usmint.gov/jacqueline-kennedy-2015-half-ounce-gold-uncirculated-coin-JQ6.html?cgid=gold-coins

I’ll get one for sure, maybe two, or possibly 3 so I am assured of getting 1 perfect one or 2 or 3 flawless examples.

Christopher Williams November 15, 2016 at 5:08 pm

Seth-

I just had a Live Chat with a rep from the US Mint inquiring about Mezack and his inventory of “2016 Walking Liberty Half Dollars.”

Their reply was “I understand your concern about this product, however, US Mint Employees are not allowed to speculate about third-party dealer items or the authenticity of their items. I apologize for this inconvenience.”

Seth Riesling November 15, 2016 at 5:54 pm

Christopher Williams –

Sounds like a typical government “form letter”-type response. They are clueless! Sad thing.

-NumisDudeTX

Hewhodontknow November 15, 2016 at 7:32 pm

I don’t think these will be pure melt value in the future because even though they are ” commemorative” coins these are not listed under that category on the mint’s website and these will be the only gold walking half dollars ever minted which makes it a unique coin so even if these don’t make a sell out I doubt they would lose value … IMO

Christopher Williams November 15, 2016 at 8:12 pm

I have a gut feeling these will “Sell Out” quicker then we think.

Christopher Williams November 15, 2016 at 8:13 pm

I meant to write “Than we think.”

Christopher Williams November 15, 2016 at 8:13 pm

I have both previous coins, but not so sure if I will buy this one.

joera November 15, 2016 at 9:05 pm

I’m comparing what this coin cost and what I could get for the same money. I’ve even looked at raw gold nuggets. I just think that looks so cool to have gold straight from the ground. But I’m really wanting coins, I guess. I did get the other two coins and I was close to getting this one. To me the mintage is high and the price over spot is high also.

Nels November 16, 2016 at 4:50 pm

I never did get to order the gold dime, they stopped selling as I was ordering and still have some left! Are they going to sell them or just keep them on there webpage

Mammoth November 16, 2016 at 6:30 pm

Well…does anybody know if the Mint lowered their prices today?

Seth Riesling November 16, 2016 at 6:50 pm

Mammoth –

Yes, the Mint lowered their gold coin prices by $25 per ounce.
Amen!

-NumisDudeTX

Lindy November 16, 2016 at 7:24 pm

$865 For 1/2 oz 24k Walker is viewable at usmint website

versus

$795 For Jackie Kennedy 1/2 oz 24

http://catalog.usmint.gov/walking-liberty-2016-centennial-gold-coin-16XA.html?cgid=product-schedule

http://catalog.usmint.gov/jacqueline-kennedy-2015-half-ounce-gold-uncirculated-coin-JQ6.html?cgid=gold-coins

The price difference between two identical precious metal products makes no sense to me so I am rethinking this additional $70 fee for this high mintage 24k 1/2 oz.

Seth Riesling November 16, 2016 at 10:40 pm

Lindy –

You sure are right about this Uncirculated (regular “business strike”) gold WL half dollar being $70 more than the same size & same 24k half ounce Uncirculated First Spouse $10 gold coin (& both come in a custom hardwood box).
Also this new coin is priced at about $252 over spot gold price! A hefty premium for sure.

-NumisDudeTX

Hewhodontknow November 16, 2016 at 10:47 pm

Are these consider “commemorative”?.. The us mint never mentioned any of these 3 gold coins as such and they aren’t listed the their site as such but as centennial gold coins. My main question is, will these retain much more of their value as being “regular coins” vs being “commemorative coins” or these will just be consider bullion gold with a mint mark later on?

Tim T. November 16, 2016 at 11:44 pm

I’m going to pass on this one. I bought the Mercury Dime and Quarter and the Dime has 2 spots on it. I’m really disappointed. For the reasons others have listed above: a high mintage and too high a price over spot, I just don’t see how this is going to be a good investment.

Hugh November 17, 2016 at 9:50 am

At “3 per household” big coin dealers are going to snatch this one up. Take the 70k and divide by 3. 23K people or dealers will get a hold of this coin. 23K should sell out in >1 hour despite the price. This coin will likely never be cheaper than it is today. Once they are gone, the dealers will jack the price up with “certified coins”. If you are a collector its now or pay more in the future.

Robert November 17, 2016 at 11:23 am

Got my order in, for one coin, at 11:06. I now have all three. Hope I never have to sell any of them. I guess it doesn’t matter the price. When I die the Grand Kids will take them to a Pawn Shop and give them away anyway.

Tom November 17, 2016 at 11:52 am

Got my order in for one at 12:10 with minimal hiccups online.

Tom November 17, 2016 at 11:54 am

Just need a “cheap” dime from a normal collector to complete my set. Lol

Big D November 17, 2016 at 12:05 pm

Exceptional beautiful coin in gold with the full design (unlike the silver eagle.) Looking forward to 2017 US mint Palladium coin, will look cool with mercury dime.

Mammoth November 17, 2016 at 12:57 pm

Robert – it cound be worse, you know. One of your grand kids may spend all three of them at a total of $0.85 face-value for a candy bar.

Seth Riesling November 17, 2016 at 1:25 pm

This gold coin still hasn’t sold out 2.5 hours into it’s release at noon Eastern time!

-NumisDudeTX

Christopher Williams November 17, 2016 at 4:35 pm

I decided to purchase one and did so at approximately 12:05PM using my Tablet via WiFi from my work parking lot.

No hiccups. Very smooth.

There’s was either no great demand for it at Noon, or the Mint’s website is now more efficient.

Now I have all three.

Nels November 20, 2016 at 9:52 am

Seth Riesling,70,000 is not that many. I thought they would be sold out by now! That or advertise them like the gold dime and the silver American Liberty silver medal!! So much for their reminder.

Christopher Williams November 20, 2016 at 9:56 am

I agree with, Nels. I thought they would have been Sold Out by now.

I am very surprised they aren’t.

Nels November 20, 2016 at 10:28 am

Christopher Williams: I bought as well. Let me know how it looks when you get yours please. The high relief gold coin I had to send back and reorder three times before I recived a good one… I really hope Quality control got it together on this coin. Very Beautiful!

Seth Riesling November 20, 2016 at 4:03 pm

Nels & Christopher Williams –

I agree! I really thought this beautiful big coin would sell out on the first day. I wonder why it didn’t?

-NumisDudeTX

Nels November 22, 2016 at 3:15 pm

Just received notice mine is going to take 10 days to get here. Snail could move faster then that!

Robert November 22, 2016 at 4:17 pm

Just received mine. Beautiful coin. Except there is an inclusion on the face of the ream on the reverse side at about 4:00. It is about .020 wide X ,075 long. I hate to send it back and take a chance on not getting another. It looks like the blank didn’t fill in when the coin was struck or there was trash on the die. This is the first coin I have ever gotten from the Mint that wasn’t perfect.

Robert November 22, 2016 at 6:48 pm

Sending mine back. Paid to much for it, for it not to be perfect. They have only sold 46,956 as of Nov. 20 2016.

Christopher Williams November 22, 2016 at 8:39 pm

Mine is due to be delivered tomorrow, but I won’t see it until Friday when I’ll be home to sign for it.

Nels November 25, 2016 at 2:42 am

Robert how did you get it so fast! Did you overnight it?

Nels November 25, 2016 at 2:48 am

If mine comes back defective,I’m going to stop buying from them. This is bs so many coins are messed up!

Christopher Williams November 25, 2016 at 6:51 am

I got mine on Wednesday just using Standard Shipping.

Nels November 25, 2016 at 9:18 am

Christopher Williams, do you like live next door to the mint? Mine is still stuck in Memphis Tennessee! Still have 4 or 5 days before I get it! How does the coin look? Great I hope…

Christopher Williams November 25, 2016 at 9:31 am

Nels, I live on the east coast and I always seem to get my coins very quickly and I have only used Standard Shipping.

Robert November 25, 2016 at 10:41 am

Nels. Standard shipping. Usually it takes two weeks to get a coin. I don’t know how I got it so quick.

Christopher Williams November 25, 2016 at 10:57 am

Robert, I have no clue how I get my coins so quickly. The only reason I got my coin on Wednesday instead of Friday (a day off) was because the UPS driver delivered it at 6:30PM.

jaybirdy November 30, 2016 at 7:32 pm

Ordered a few walking liberties at $820 with no signs of household limit or selling out. I expect spot to test $1118, but i want to hold on to them for decades, so it don’t matter to me

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