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 Replies: 25 / Views: 4,421 |
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Valued Member
United States
338 Posts |
I am considering buying a 2016 Centennial Mercury dime w/OGP (non graded). They are around $250 now. Is anyone willing to speculate on the upside for these coins? Obviously, IF spot gold increases, the value will increase. But, I wonder about the Merc's (and the quarter/half version's) collector value(s) over time. I am hoping it won't end up a bullion coin - worth (only) it's weight in gold! On another note, I am second guessing the decision to buy the ungraded version instead of a PCGS first strike 70 for around $300. I'd like to get some feedback on the graded $300 dollar version vs. the ungraded $250 version. Thank you in advance! *** Moved by Staff to a more appropriate forum. *** |
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Bedrock of the Community
 United States
12477 Posts |
Can you link to the two you are considering? In that range and for the price difference, I would go for the PCGS First Strike 70 over ungraded in OGP. But, who am I to say? I can't afford either.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Valued Member
 United States
338 Posts |
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Pillar of the Community
United States
2023 Posts |
Those gold dimes had a high mintage (~125,000) and sold out quickly. So while they're popular, there are a lot of them out there. Among the graded coins, about 90% of them at PCGS are 70s. If you go the graded route, you get authentication and protection (above what the OGP provides) and I'd recommend a 70. With this 69/70 ratio, I consider 69 a discount rather than 70 a premium, and that will help it hold its value.
In the long run, it's quite possible that it will inch closer to bullion pricing just because there are so many. In order to keep its collectible premium, it will have to remain popular. That's not impossible, and seems likely for its classic design. Only time will tell.
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Bedrock of the Community
United States
12477 Posts |
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Valued Member
United States
338 Posts |
Thank you for the information.
Thank you for the links.
Does anyone know the intitial price from the mint (ungraded)? I'll bet people are trying to unload them now for a little more then what they paid.
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Pillar of the Community
United States
2023 Posts |
The original issue price was $205 direct from the Mint.
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Valued Member
United States
338 Posts |
Well there is a significant mark up right now for sure. The graded ones are looking better and better at around $300.
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Moderator
 United States
14463 Posts |
At first I wasn't sure I wanted one, so I missed them at the mint. I bought mine online for just under $300 plus shipping.   |
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Valued Member
United States
154 Posts |
I have two from the mint but wanted a 70 as well. Right after the sell out, there was no shortage of 70 dimes starting at $300+. I waited a while for some of the hype to die down and feel I did ok at $260. There are still many of these out there for sale and they seem to have gotten a second wind, a quick search returned 240 results. I think a lot are still unsold from the dealers who had them graded. That being said, I wouldn't be in any hurry. If you are patient and pay attention you could get a better deal.
As far as the upside goes, I hope there is one. These coins commemorated coins that were issued 100 years ago, older folks know them for sure but they may not mean as much to they younger generations, sort of like most of the first ladies. In my opinion they are iconic and a piece of history.
JMHO
Edited by Taphandle
09/29/2017 08:59 am
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Pillar of the Community
United States
2023 Posts |
Great Collections has at least one 70 for auction every week (ending Sunday late afternoon) -- most recent sales have ended around $200 or so (but add the closing fee and applicable sales tax).
Edited by Alpha2814
09/29/2017 11:35 am
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Valued Member
United States
338 Posts |
Great information! It looks like these coin can be purchased for a decent price if I shop around. I really hope the never become a "bullion" coin!
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Valued Member
United States
338 Posts |
I ended up buying a 2016 Centennial Mercury dime w/OGP (non graded). It is a beautiful coin and impressive packaging. |
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Valued Member
United States
154 Posts |
Congratulations on your new dime, I think it is a great coin to own despite its mintage and other things some folks complain about. Maybe now you will look at the quarter.
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Pillar of the Community
United States
8137 Posts |
Out of the Dime, Quarter, and Half that were released, I think the Dime is the most likely to hold its value. This is because even though its gold, its at a low enough price point that most collectors can still afford it. I also think that the hype for all the 2017 mint products is helping to keep the secondary market price of these down. Regardless, they are nice coins, and you did well by getting one pretty close to issue price!
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Bedrock of the Community
United States
12819 Posts |
The dime is a really nice-looking coin. Glad I picked one up. I don't know if I will try to get the other 2, but probably not.
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Replies: 25 / Views: 4,421 |
Posted 09/29/2017 01:05 am
