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Gold quarter mintage set

A U.S. Mint mock-up image of the gold Centennial Standing Liberty quarter.

A U.S. Mint mock-up image of the gold Centennial Standing Liberty quarter.

The Mint has set a mintage ceiling of 100,000 for the gold Standing Liberty quarter Centennial coin that will go on sale Sept. 8.

The coin is the second of three Centennial issues released in 2016 to commemorate the 1916 Mercury dime, Standing Liberty quarter and Walking Liberty half dollar.

Dealers’ opinions on the gold quarter’s mintage number are varied.

Pat Heller, owner of Liberty Coin Service in Lansing, Mich., and author of a weekly commentary about the bullion markets in Numismatic News’ Friday e-newsletter, thought the number to be too high.

“It’s going to be a struggle to sell that many,” said Heller. “I don’t think they will sell out quickly.”

He said it would have been much better had these Centennial coins been made of silver.

Harry Miller, owner of Miller’s Mint in Patchogue, N.Y., thinks the opposite.

Miller, who has served as the Coin Market price guide editor of Numismatic News, answered the question with two words: “Not enough.”

He said a lot of people can’t afford the original 1916 quarter. They look at the gold 2016 coin as a opportunity to fill the empty space in their Standing Liberty set with something that costs less money.

Unless bullion spikes higher or lower, the cost of the new coin will be less than $500, which is indeed much cheaper than a 1916 silver Standing Liberty quarter.

Miller suggested a sales limit of one per household at the start. If they don’t sell out at once like the gold Mercury dime did April 21, only then would he like to see the Mint open it up.

Above all, he wanted to see a fair shot at the coins offered to all collectors.

The opinion of David Sundman, president of Littleton Coin Company in Littleton, N.H., falls in the middle.

“It sounds like a reasonable number,” he said.

His firm is very successful as a mass marketer.

Longtime California professional Mel Wacks was also optimistic about the mintage.

“I think they’ll sell out,” he said.

The most colorful language was used by Colorado dealer and former ANA president Tom Hallenbeck.

“They’re going to cause a panic.”

It took the Centennial gold Mercury dime with its mintage of 125,000 less than an hour to sell out when it went on sale April 21.

Hallenbeck made a prediction about the gold quarter: “This will sell out in half that (time), minutes.”

Now we just have to wait and see.

 

 

This article was originally printed in Numismatic News.
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3 Responses to Gold quarter mintage set

  1. salcen says:

    perhaps there should be a distinction between wholesale and collector’s coins maybe just with a mintmark,for wholesale coins 100,000 mintage should be ok,for collectors strictly limited to one per collector the mintage should be much lower,perhaps 20,000, also the original coin was struck in silver,so ,this commemorative special issue could have been minted in silver and also in gold. i think when it comes to the collector, the mint still does not get it right.

  2. Mr. Heller has it on the money. If this was done the way it should of it would of been made of silver. Have they decided what to do with the 9000 dime’s that were returned. I know I wouldn’t buy a returned coin. I can’t wait to see the price on this. You can tell by my words I was against this program from the start. It’s nice to know I’m not alone. I have read so many article’s and blogs on this I can’t stand to here about it anymore. By the way the secondary market is still selling the dime’s. The same will happen with these. Oh by the way you can still by a gold Kennedy if you want it and not for five thousand dollar’s. Only my opinion. Mike Byrne.

  3. JoeyT46 says:

    Hi Mike, have to agree, these gold coins are just a way to get more business for the mint. Your right on the Kennedy, it created a fervor and most people that paid that price got snockered and will never realize a profit from buying this. The guy that sells coins on QVC is already licking his lips, Joe

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