Gold Dimes
The U.S. Mint is currently holding in its inventory nearly 9,000 2016-W Winged Liberty Head gold dimes, and the nation's coin producer has yet to announce plans for reselling the coins.
Mercury dimes are very popular ten-cent pieces produced by the United States Mint from 1916 to 1945. This dime is composed of 90 percent silver and 10 percent copper. The coin contains a total of just over.072 troy ounces of silver.
The U.S. Mint offered the maximum authorization of 125,000 coins at noon Eastern Time April 21 at $205 per coin. At the household ordering limit of 10 coins, enough orders were placed to consume the entire maximum mintage of the tenth-ounce .9999 fine gold coins in less than an hour.
- The dime, in United States usage, is a ten-cent coin, one tenth of a United States dollar, labeled formally as 'one dime'. The denomination was first authorized by the Coinage Act of 1792. The dime is the smallest in diameter and is the thinnest of all U.S. Coins currently minted for circulation, being 0.705 inches (17.91 millimeters) in.
- The 2016 centennial gold coins are popular with coin collectors! They honor the 100th anniversary of the iconic Mercury dime, Standing Liberty quarter, and Walking Liberty half dollar - 3 silver coins from 1916. See what makes these 2016 Liberty commemorative gold coins so popular.
Gold Mercury Dime Coin
However, as of July 5, Mint records reflect 116,111 coins sold.
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The gold dime marks the centennial anniversary of the Winged Liberty Head dime introduced in .900 fine silver in 1916.
If the coins sold out so quickly, why are there leftovers?
In short, canceled orders and returns.
Like any other retail purchase, the initial U.S. Mint transaction is not always the final.
Within two weeks of the coin's sellout, after many were already shipped to the customers who ordered them, order cancellations began. The Mint canceled some orders because of expired credit cards or other Mint customer account problems.
Then, whether because of buyer's remorse or inability to quickly flip the coins for a sizeable profit, the number of returned coins began to rise. Also, some coins were returned because of damage to the coins or to the packaging.
So what now?
U.S. Mint officials have been considering how the bureau will resell the unsold coins. Many collectors have been highly critical of the Mint's original decision to allow sales of 10 coins per household, instead of limiting sales to just one or two and allowing more collectors to acquire the coins at issue price.
Since pricing for the coins is based on the spot price of gold and a pricing grid the Mint has established, when the gold dimes are placed on sale a second time buyers may be paying a different price than the initial release price.
More gold 1916 centennial coins on the way
Gold market fluctuations will also determine pricing for the 2016-W Standing Liberty gold quarter dollar and 2016-W Waking Liberty gold half dollar still to be released.
Mint officials have not announced whether the gold dimes may be offered in tandem with the initial sales of the gold Standing Liberty quarter dollars or at a separate time.
No information on release dates, mintages, or household ordering limits has been disclosed for the gold quarter dollars or half dollars.
The gold Standing Liberty quarter dollar, however, did make a surprise appearance at the Central States Numismatic Society convention earlier this spring.
A Bit of Background
A dime is a tenth of a dollar. It is the ten cent coin in the United States. It is made of 8.33% nickel and the rest of it is copper.
There are some dimes in circulation that are of different design and make. There is one that is made of gold but only few pieces were minted.
This gold dime was part of an advertising campaign and the first one who got hold of a piece got a fortune for it. The others who also got hold of these gold dimes and who have turned in their find were also given some award after the authenticity of these have been verified.
The first one who turned in his find was given $25,000 while the rest got $1,000 each.
How much is the gold dime worth?
The Amazing Sprint Sense Dime Find made 1,000 pieces of gold dime and spread it in different locations. These dimes were part of an advertising campaign by Sprint. The campaign has stated that the gold dime can be found in different places and whoever gets hold of a piece should get in touch with them immediately.
According to Sprint the first one to call in and declare that he got hold of a gold dime will get $25,000 in exchange for it after going through the verification process. All the others who call in and declare that they too have a gold dime will get $1,000 for each gold dime turned in to Sprint. With the cash prize comes a prepaid long distance award.
So in truth these gold dimes were not really minted for circulation purposes but just for advertising campaign purposes and nothing more. It was used to promote Sprint’s promo of a “10-cent-a-minute flat long distance rate nights and weekends”.
Basis for the value of dime
Do you have coins in your possession that you have kept because they have some unusual marks in them? Here are some of the things you can do to scrutinize them and determine their values:
- Look carefully at the surface of the coin and check for mistakes. The most common but valuable mistake is the misaligned position of the die in the coin that makes a double image of some of the letters or numbers.
- Sometimes there are coins that have typographical errors in letters and numbers.
- Look for reversed numbers and letters
- There are times when numbers and letters are spaced too far apart.
- Consider also the year it was minted.
- Check if the coins you have are commemorative ones.
- Consider also how many of such coin was minted. The lesser the number of a particular coin, the higher the value it will have over time.
After scrutinizing the coins you have kept, you can go check on a list for the values of each. You might have coins with rare dates, mint marks or varieties of coins that are scarce in your keeping that can give you a fortune.
The gold dime was not meant for circulation not like the gold coins.
The value of gold coins is determined by how rare the pieces you have on hand, how old the coin is, its condition and also the number of coins that were minted originally. Collecting gold coins is considered as a good investment not like gold dimes.
They have been a source of extra money just because of an advertising campaign of a telephone company that gave some monetary award for people who got hold of these gold dimes.
Having the above information, a gold dime is not really money in circulation but it is something that can be worth something big.
Gold Dimes Worth
There are still some out there who are lucky holders of these gold dimes and who have not realized that they are holding something with value. If you are one of them, go and get in touch with Sprint and have your gold dime verified and claim your prize.
Sometimes we just need to look at some of the things, particularly coins, that we keep in our treasure boxes and see if what we have are worth a fortune or would give us some monetary award. Often it pays to collect items for keepsake or for future needs
Resources:
Gold Dimes Ig
Gold Dimes Blonde
Gold Plated Dime Value