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US Mint 2016 24k Gold Coins To Celebrate 1916 Designs

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jbuck's Avatar
United States
188769 Posts
 Posted 04/28/2016  10:12 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Got mine today... Actually the wife was here to take delivery... told her I thought I could make 50 bucks on it when its all said and done... she said what for... keep it because she thought it was beautiful... Love her!
Excellent.
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Shale's Avatar
United States
245 Posts
 Posted 04/28/2016  7:00 pm  Show Profile   Bookmark this reply Add Shale to your friends list Get a Link to this Reply
So I got mine in, cant eyeball any differences among them. Do I just send a few in to a grading company to see where they land, or keep them in original packaging in the back of the safe for a few years.
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Cascade's Avatar
United States
7390 Posts
 Posted 04/28/2016  7:44 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
I would sell them now personally
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mrpapageorgio's Avatar
United States
669 Posts
 Posted 04/28/2016  10:59 pm  Show Profile   Bookmark this reply Add mrpapageorgio to your friends list Get a Link to this Reply
If I had more than 2, depending how risk averse I was I would keep one as part of the collection, one to speculate on (or possibly use for trade) and sell the others now.
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 04/29/2016  07:07 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
Do I just send a few in to a grading company to see where they land,


Not sure about PCGS but NGC requires at least 5 per submission
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jbuck's Avatar
United States
188769 Posts
 Posted 04/29/2016  10:15 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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I would sell them now personally
I have to agree. If I were in it for the profit, now seems like the time to flip them.
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jefkve's Avatar
United States
8 Posts
 Posted 04/29/2016  6:59 pm  Show Profile   Bookmark this reply Add jefkve to your friends list Get a Link to this Reply
Just got mine in the mail today and must say I couldn't be more disappointed. Weak strike with an obvious spot that did not fill on the jaw see pics....So very upset about this. Guess I should at least be happy I'm one of the few that seems to have gotten one from the mint, but still can't believe this got through...

US-Mint-2016-24k-Gold-Coins-To-Celebrate-1916-Designs

US-Mint-2016-24k-Gold-Coins-To-Celebrate-1916-Designs
Pillar of the Community
United States
1913 Posts
 Posted 04/29/2016  8:31 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
Further proof that the mint has no visual QC and/or doesn't care. Very disappointing.
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BH1964's Avatar
United States
10982 Posts
 Posted 04/29/2016  9:30 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
That hole looks like it could have been a planchet flaw. It borders on an error regardless. You should be able to get an exchange with the Mint paying shipping both ways if you protest with enough vigor.
ANA #R3154474
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Shale's Avatar
United States
245 Posts
 Posted 04/29/2016  9:35 pm  Show Profile   Bookmark this reply Add Shale to your friends list Get a Link to this Reply
I think the weak detail is expected, something about an article linked earlier where they said the scanning technology wasnt advanced enough for this size of plancet. The pit is odd though, wouldnt that be an issue with the planchet manufacturer, I wonder if it has shown up on other 1/10th ounce mint issues. Unless it is a die defect, but then we would expect 1900 more to show up like that.
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United States
1191 Posts
 Posted 04/29/2016  10:56 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
Jefkve - there might be a bright side. As BH1964 said this could be an error. I haven't personally had much luck finding errors but I've seen where errors can increase the value of coins quite a bit!
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jefkve's Avatar
United States
8 Posts
 Posted 04/30/2016  12:12 am  Show Profile   Bookmark this reply Add jefkve to your friends list Get a Link to this Reply

Quote:
Further proof that the mint has no visual QC and/or doesn't care. Very disappointing.

Agreed


Quote:
You should be able to get an exchange with the Mint paying shipping both ways if you protest with enough vigor.

Agreed. This was my first thought, but I decided to wait and check with my dealer and take opinions before I attempt to return/exchange the coin.


Quote:
That hole looks like it could have been a planchet flaw. It borders on an error regardless.


Quote:
Jefkve - there might be a bright side. As BH1964 said this could be an error. I haven't personally had much luck finding errors but I've seen where errors can increase the value of coins quite a bit!

Gonna have to check around a bit and see how this should be treated. Any thoughts and/or opinions would be appreciated.
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Wizzy1's Avatar
United States
430 Posts
 Posted 04/30/2016  01:03 am  Show Profile   Bookmark this reply Add Wizzy1 to your friends list Get a Link to this Reply
Got mine today (2) here are the pics. will post 1 for sale on ebay, and 1 is a keeper. I'm happy with it, and a proud owner. I'm very excited about the SLQ and the WLH. Weak strike,no full bands but a pristine representative of a 100 year old classic coin.

US-Mint-2016-24k-Gold-Coins-To-Celebrate-1916-Designs

US-Mint-2016-24k-Gold-Coins-To-Celebrate-1916-Designs
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macmercury's Avatar
United States
5832 Posts
 Posted 04/30/2016  03:17 am  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
I probably will have to buy in the secondary market, my order says backorder now. Crap-O-La!
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 04/30/2016  08:27 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
I think your backorder will be shipped eventually. They took orders for a tad over 122k and I'm sure they didn't mint all 125k initially. So backorder makes sense.
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