This coin is perfect for all of the coin collectors who currently only have silver and other world coins in their collection but not any gold coins. We all know most coin collectors start with pennies then work their way up to coins with some silver content to higher graded silver coins and then eventually gold. If this sounds like you, then you have had in your collection the 90% Silver Mercury Dimes that were minted from 1916 thru 1945. They were relatively cheap (current melt value at $1.30 per coin) and in my eyes have one of the best designs of its time.
In 2016, the US Mint released a 1/10 ounce 99.99% gold Mercury Dime as part of the Centennial Gold Coin program to honor the 100 year anniversary of the 90% silver Mercury Dime first released in 1916. There were a total of 3 gold coins released in 2016 for the Centennial Gold Coin program; the other 2 coins were the Standing Liberty Quarter and Walking Liberty Half Dollar. The quarter was ¼ ounce of 99.99% gold and the half dollar was ½ ounce, thus making the Mercury Dime the lowest priced gold coin of the program. Now if you are also a huge fan of the Standing Liberty and Walking Liberty, you should obtain all 3 coins. The really low mintage numbers on the quarter and half dollar are hard to overlook: 100,000 gold quarters minted and only 70,000 of the gold half dollars. However please note the prices on these 2 coins are much higher due to their higher gold content. For me, I am a huge fan of the Mercury Dime and I really like better value coins to add to my personal collection.
The 2016 Mercury Dime Centennial Gold Coin mintage numbers are only 125,000 coins, all from the West Point Mint. To compare this mintage numbers against the 90% silver dime, the most coins produced from one mint was in 1944 when 231,410,000 coins were minted and the lowest number of coins produced from one mint was in 1916 when only 264,000 coins were released from the Denver Mint. The 1916-D Mercury Dime is the most sought after coin of the program and prices range from over $500 for just good condition to over $10,000 for uncirculated dimes with higher graded coins going for over $40,000 per coin. There has not been another year when the mintage numbers were under 1 million coins, until the 2016 Mercury Dime Centennial Gold Coin was released.
Now this new gold dime will not fetch $40,000 in today’s market, but with only 125,000 coins that exist today – this is a great coin to add to your coin collection for first time gold buyers and collectors that already have gold coins as their main portion of their coin portfolio. The 2016 Mercury Dime Centennial Gold Coin is available for under $300. It’s a high premium for a 1/10 ounce gold coin but I still love this coin as it doesn’t break the bank and will hold it’s value over time. For these reasons, the 2016 Mercury Dime Centennial Gold Coin is my Coin of the Week !!!!