Order Limit Lifted for 2016 Walking Liberty Gold Coin

by Mike Unser on November 28, 2016 · 36 comments

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

CoinNews photos of a 2016-W Walking Liberty Centennial Gold Coin

Collectors and dealers can order as many 2016-W Walking Liberty Centennial Gold Coins as they want. The United States Mint on Monday lifted their household order restriction of three coins.

Released on Nov. 17, the gold half-dollar’s four-day sales reached 46,956 coins for 67.1% of the possible 70,000. Another sales update should be available by late Tuesday, Nov. 29.

The collectible is the last of three .9999 fine 24-karat gold coins to celebrate popular designs introduced 100 years ago. The first two commemorate the 1916 Mercury dime and the 1916 Standing Liberty quarter.

Possible Pricing Changes

The U.S. Mint’s collections of numismatic gold coins have prices that can change weekly depending on the trending value of gold. The centennial 50-cent piece debuted at $865 based on a gold average that was between $1,200.00 and $1,249.99 an ounce. The yellow metal has since plunged to an about a 9-1/2-month low. If it continues to sit under the $1,200 level through Wednesday, Nov. 30, the coin’s price will fall to $840.

Likewise, the companion Standing Liberty gold coin would move to $447.50 from $460. It has last reported sales of 82,349 coins with 100,000 allotted. The gold Mercury dime became unavailable shortly after launching, with 116,096 sold out of the possible 125,000.

Ordering

Order gold coins from the U.S. Mint right here, or call 1-800-USA-MINT (872-6468).

{ 36 comments… read them below or add one }

Danny Morano November 28, 2016 at 2:17 pm

Hey U.S. Mint! How about selling off those 8,000 or so Gold Mercury Dimes ya’ll got squirreled away? You paid for the Gold Planchets, paid to have someone make the dies and mint them. Another waste of taxpayers money. Get off your asses and sell them and not melt them.
DrWho7
DID YOU HEAR ME OR DO I HAVE TO MAKE A PHONE CALL OR SEND YOU AN EMAIL? President Elect Trump, I voted for you, get Obama Momma to let those who can afford $205.00 they sold for orignally and not have to pay second, third, ect. Party $300.00 to $500.00 marked up ones. Do it Dècember first with the BU edge letter Silver Eagles and give those who still don’t have one an early Christmas Present. Would be the right thing to do, ya think?

Danny Morano November 28, 2016 at 2:23 pm

For what it’s worth how much would the Dime sell for? $175.00 or so?
Me again.

Thomas November 28, 2016 at 3:39 pm

at the price of gold today it would sell for $200

joera November 28, 2016 at 4:42 pm

Danny Marano,
The US Mint’s numismatic programs are self-sustaining and operate at no cost to the taxpayer. Again that is the US MINT’S NUMISMATIC PROGRAMS that are at no cost to the taxpayers!
I could be wrong because I have been wrong before. But in this case I do believe I am right. Maybe?
Seth,
I would like your input on this because I believe you know more about this than I do. Could you please correct me if I am indeed wrong about this. Thank You Seth.

Seth Riesling November 28, 2016 at 6:25 pm

joera –

You are totally right on that!. The US Mint’s numismatic program coins & medals (not circulating coins) must operate at no cost to the US taxpayer by the end of the fiscal year by law. They can lose money on coins made for circulation since they have to make them as their main mission. Strange but true.

Happy collecting everyone!

-NumisDudeTX

Johnny November 28, 2016 at 6:27 pm

You’re right joe

RonnieBGood November 28, 2016 at 6:58 pm

The US Mint (on minted coins) and the Judicial System (on fines levied) are the 2 branches of government that operate at a net plus & at mininal cost, respectively. We should give praise where due to these two branches of government that do not add to the US deficit.

Jim c November 28, 2016 at 11:19 pm

Does anyone know whats the difference between mintage limit and product limit ?

Danny Morano November 29, 2016 at 6:47 am

RonnieBGood,
As I previously commented: Wrong, Wrong and Wrong.
Respectfully ,DrWho7

Danny Morano November 29, 2016 at 6:55 am

Joera and Seth,
The mint isn’t given Gold or other precious metals for free, it has to pay for it’s employees and the work they do, equipment and upkeep. I ask you, where does that money come from?
Respectfully, DrWho7

RonnieBGood November 29, 2016 at 9:10 am

For most of its history the US Mint has produced a profit for the US treasury. Quarters alone produced a profit if 6.3 billion. However, only 475 million was transferred to the treasury in 2009 due to the cost of producung too many coin offerings. To the US Mint, “Trim the fat”!

joera November 29, 2016 at 11:41 am

Danny Morano,
The money for the precious metals comes from the money they make off the premium they make from the coins they sale at a price a lot higher than spot. What do you think they do with the money they make from the Numismatic Coins they sale at the high prices above spot price. They use that money to run the NUMISMATIC PROGRAMS. That means pay for the precious metals and everything else that is needed to run the Numismatic Programs. The US MINT NUMISMATIC PROGRAMS ARE SELF-SUSTAINING! You might try to do some research on this since you do not believe me on this matter. But it is common fact! Google it. Ask if taxpayer money is used by the US Mint. Yes the US Mint is a bureaus under the Department of the Treasury whose budgets are approved by congress. However, the money that congress allocates to these bureaus are NOT taken from the general fund. The US Mint is a profit making bureau.
The rest of the information I am using can be found at: http://coinsblog.ws/2010/09/no-taxpayer-money-is-used-by-the-us-mint.html

Mammoth November 29, 2016 at 11:44 am

This probably is not the right thread to put this out on, but in case anybody at the US Mint is paying attention:

An issue of fractional Silver American Eagles – similar to the fractional Gold Buffalo issue a number of years back – would certainly be a Winner.

RonnieBGood November 29, 2016 at 12:17 pm

Mammoth,
Fractionals would have been perfect for the 30th anniversary!

RODNEY MOORE November 29, 2016 at 4:33 pm

Yep, fractional would have been good for the 30th anniversary. For that matter, anything would have been good.
I’m still in disbelief that they didn’t have a special set of some sort like previous anniversaries. They could have left the proof and uncirculated alone and do a reverse proof with edge lettering. It would have made a nice set of three.

Christopher Williams November 29, 2016 at 9:52 pm

Only 47,000 sold so far!!!!

I am stunned. I really am. I thought they would have “Sold Out” in 48 hours.

Tinto November 29, 2016 at 11:35 pm

@RODNEY MOORE

Yeah that reverse proof with the edge lettering would have been great. Something distinctive but not requiring the Mint to come up with a whole new design … and it would have given the RR C&C set an instant boost. Instead they stick a basically run of the mill for the year, proof ASE … neat (sarcasm here) just shows how lazy these Mint folks are …

Nels November 30, 2016 at 1:36 am

Yes and why you are at it sell selling the rest of the gold dimes that I didn’t get a chance to buy SELL the rest of the American liberty 2016 silver metal’s that you still have hanging around that most ppl didn’t even have a chance to to buy! “I can’t Believe they are going for over $100.00 now “By the time I recived my notice from the mint that they were for sale they stopped or put a long hold on them. I have been reminding the mint every time I go to there website!!! I would love to have 1 of each thank you!!! I’m getting to the point with all the issues the United States Mint is having with poor Quality coins that Quality control Is not doing a very good job of looking at the them letting thousands go out the door and people returning them that I’m almost at the point of not buying anymore. Very seldom see this with Canadian coins. Such a bummer! I would love to have the 2016 American liberties!

Nels November 30, 2016 at 1:44 am

Dear Santa, all I want for Christmas is the 2016 American Liberty silver medals ‘s’ and ‘w’

Danny Morano November 30, 2016 at 8:10 am

A BU, PF, RP and a Burnished Silver Eagle set would have been the perfect set as done in the past would have been perfect, along with the Mercury Dime, SLQ and WLH all in BU and PF One ounce would have been the perfect coins to be minted but alas, they are never to be, never to be. Thank you Mint for screwing up what could have been the most memorable coins, along with a few others previously minted the best year of coins ever minted to this day. Red Tape, Beaurocacy and closed minds are to blame.
Stop minting the Buffalo’s and start with Gold 1oz.Mercury Dimes with one year of Fractionals for 5yrs. Then follow with the SLQ’S, then the WLH’s and top them off with Gold Morgan Dollars. All in BU and Proofs maybe one year of RP’s. That would be a collectors dream. But once again, unless a miracle happens, never to be.
DrWho7

Danny Morano November 30, 2016 at 8:46 am

I spent 24yrs. In the Navy. Every year I had to submit a budget plan to fund my department. I have a Brother in the FBI and a First Cousin in the Secret Service. They, like me also have too submit budgets. The entire Government has to submit budget plans to run their specific departments. All those requests go into the overall budget to run the United States in totally. And, all the money comes from taxpayers like all of us. To think that the Mint breaks even or makes a profit is fantasy. Just take all the dimes sitting there, unsold. What are they going to do with them? Right now, their collecting dust. If they melt them, they lose all the money they took to mint them. How much gold will be lost during the smelting? I am by no means a financial wizard and do not claim to know everything about budgets, profits or loses. But, I do know one thing, currently we have a budget deficit of Trillions of Dollars. Look where you will and break out you calculators and tell me what you find. It would be interesting to know the Royal Mint, RCM, Perth, China and all the other mints profits and loses. Their coins are far more interesting and diverse. How many times have you seen “Sold out at the Mint”? And yet, we still have thousands of coins as one person commented, ” Should have Sold Out in 48hrs. I await your lambasting.
Regards, DrWho7

Seth Riesling November 30, 2016 at 11:53 am

Danny –

Thank you for your service to the USA!

If you look on the Mint’s website & at bottom of each US Mint email & in all their catalogs it states what the law requires of them – “The United States Mint’s numismatic programs are self- sustaining and operate at no cost to taxpayers.”
They can lose money on one coin item like the gold dimes as long as they make it up with their other over 200 products by the end of each fiscal year. The US Mint has never had a net loss in any year & actually provides hundreds of millions of dollars to the US Treasury General Fund to be used for whatever Congress wants since Congress controls the purse strings under the US Constitution.

-NumisDudeTX

Danny Morano November 30, 2016 at 12:09 pm

Thanks Seth. Sorry for the long winded comment. My apologies.
Respectfully, DrWho7

Johnny November 30, 2016 at 1:21 pm

Dimes are still or sale???

James Madison November 30, 2016 at 3:24 pm

Danny.

Take a chill pill the mint can’t make everyone happy.

Mammoth December 1, 2016 at 6:58 pm

Danny Morano – your suggestion for a Gold Morgan Dollar is one of the best ideas I have seen posted here.
That would be a great 1 oz. gold coin!

Johnny December 1, 2016 at 8:30 pm

I want a gold Lincoln

Johnny December 1, 2016 at 8:32 pm

I want a Franklin

Danny Morano December 2, 2016 at 12:11 pm

And I want the Pobjoy Mint to keep making their “Angel Coins”. Maybe Mint the first one ever made again, in Proof Silver, Gold and Platinum.
As the say, spit in one hand and wish in the other. Which Franklin would want and in what type and metal? I’m guessing 1oz. Proof Gold?
Hey, you never know.
Regards, DrWho7

Danny Morano December 2, 2016 at 12:18 pm

Mammoth,
Thank you very much. Merry Christmas. Who’s getting the Silver Kruegerrands for Christmas?
Me,Me,Me!
Talismancoins.com lists over 30 coins, Sold Out at the Mint. Mostly Perth and the R.C.M. How many coins does the Mint list as Sold Out?
DrWho7

Danny Morano December 2, 2016 at 12:21 pm

Johnny,
What Lincoln too?
DrWho7

Seth Riesling December 2, 2016 at 5:34 pm

Danny –

The exclusive North American distributor of the 2017 silver Krugerrand is Modern Coin Mart (MCM) in Sarasota, Florida (free shipping always on all orders) Talisman coin shop in St. Louis is NOT an official distributor (and the owner is a #!:;:&!). Buyer Beware!

-NumisDudeTX

Mammoth December 2, 2016 at 10:45 pm

Seth – thanks for the tip. I just now attempted to access the MCM but was inable to. It must be down or something. (Too many inquires re: the silver Krugerrand?)

Danny Morano December 3, 2016 at 8:12 am

Seth,
GovMint.com is also a licensed distributor. Mon. Dec.5th is supposed to be the release dat. There’s supposed to be a Bu, Special Proof? And a Proof. I been buying from both for years and get their emails regularly. Have been on top of it for a month. Mintage is 1 million, split among the 3. Only thing I haven’t seen is their. But, if you check ebay, some sellers are doing Pre orders with prices between $80.00 and $90.00 for raw coins. Everybody hopefully get the ones they want at a reasonable price, even graded ones.
DrWho7

Danny Morano December 3, 2016 at 9:22 am

Breaking News,
MCM just announced that the South African Mint has announced there will be a delay in the release of the Silver Kruegerrands. No specifics are new release date were given.
DrWho7

Seth Riesling December 3, 2016 at 12:51 pm

Danny –

&

Mammoth –

GovMint & MCM are owned by the same company. MCM is better in my opinion.
They announced the Dec. 5 release date is not going to happen due to unforeseen circumstances at the South African Mint. MCM will keep you posted with an email when they get it all straightened out. Good luck Danny.

Happy collecting everyone!

-NumisDudeTX

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