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Longstrider's Blog

14 Dec 2016

Mercury Dime 2016 Centennial Gold Coin

Coins | Longstrider

 So, I was lucky enough to be be successful in ordering the Mercury Dime 2016 Centennial Gold Coin at the original time of offering. I was charged $205.00 plus tax for a total of $209.95. I believe it was yesterday the Mint announced they were putting back up the unsold dimes. As of this writing, they are going to charge $200.00 plus tax. I wouldn't usually get all bent out of shape over this amount of money but this is different. I grow weary of the US Mint sticking it to us collectors. What kind of shape are these dimes in? Were they sent out and returned? What about third party grading? Technically wouldn't they be within the first 30 days of release. After all they sold out within minutes and are now being put back up on the second day of sale?? No one knows!! I called the mint up and politely explained my situation and asked when I could expect receiving my refund on the pricing difference. I swear that the woman actually snickered at my request. She LAUGHED at me. How do you feel about this treatment and the entire Gold Centennial Coin Program! This is just my opinion. I could be wrong. Thanks for reading this blob/rant!!

Comments

Kepi

Level 6

The U.S. Mint needs to "clean house" and figure out what their doing...selling products, shipping, limits... It's crazy!

It sounds like the Mint might need new leadership after several issues I've heard about this year.

Longstrider

Level 6

Sold out in 90 minutes. According to Coin World 12/15.

CoinLady

Level 6

That's why I don't buy new Mint products. I was under the impression the gold Mercury dime sold out. If you really want an item, buy it from a dealer you know & trust. There are items available for less than issue price, is that right?

Mike

Level 7

I was talking about the people who couldn't buy at the mint because they said sold out. That went if you wanted one you had to go to a retailer and pay hundred more. That was very unfair. Long strider is right those people paid way to much. Now look how much they could of paid.

SpartaCuse

Level 4

also, if you still want it & still like it, you could buy another one & do a dollar cost average !

SpartaCuse

Level 4

I do not buy much direct from the mint anymore - It was ok to start - But as time went on I liked the older collectible coinage out there - granted, the newly minted is great to look @ & shiny, but these guys that have been around the block have real character !

user_9073

Level 5

The price difference you refer to is the difference in the market price of gold then and now. Since you think you are owed a refund since the price went down, what if it had gone up?? Would you have expected a second charge to your credit card?? I suspect not. You would be calling yourself a smart a savvy investor. And you say "plus tax"!! What tax? There is no federal sales tax.

Longstrider

Level 6

Your right, sort of. Shipping and Handling. It's still $4.95 extra whatever you call it.. Sorry if I hurt your feelings.

user_9073

Level 5

Without name calling!!! Here is what it says about sales tax on the US Mint's FAQ about sales tax "Since the United States Mint is a federal government operation, purchases are exempt from sales tax."

Longstrider

Level 6

If the price went up I would say too bad for the mint. They started this mess. You ever hear of state tax smart guy??

Conan Barbarian

Level 5

this is why i stick with the regular circulated coins

Mike

Level 7

I said it was a mistake from the start. If they cared about collector's there would of been a beautiful three coin silver set. Done in the original luster. They were beautiful in silver gold is nice but doesn't quite make it. When I called I was told these were held back to which I said that's against the law. You can not hold an issue back. Did they do it with the other gold coins to. There out of control. There's a reason you can't hold an issue back. Thousands of people went to the secondary market and paid hundreds over mint price. Do they get there money back. They created one big mess!

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