Saturday, April 16, 2016

2016 Gold Centennial Mercury Dime

It's coming...
I'm sure you've seen the above words as the opening of many a coin blog, post, or article. When I first saw the story of the golden dime, I paid attention. When the stories, articles, posts, and tweets kept rolling in, my eyes involuntarily began to move upward in an exaggerated roll.

"Here we go again," I thought, "another fad coin."

Gold Mercury Dime

A fad coin?

It is exactly what it sounds like. A fad coin is hyped by the Mint (as this one has been), displays a popular image (the Mercury dime is a popular coin), and is not part of a regular Mint issue.

I'm sure it will sell out, probably in a short time. These little goldies will sell at a premium, probably a sharp one, for a year or two. But interest will fade, as it inevitably does with fad coins, and soon the 2016 Mercury Dime Gold Coin will be worth a small premium above its gold content. (Click here to see my wildly cavalier predictions for the precious metals market.)

Oh, and it will get a special label from PCGS - so there is some added "value".

To be clear, I'm not saying, "Don't buy one." I am saying, "Wait for the fad to end and then buy one."

For more discussion on the Gold Mercury Dime and my opinion of the first two weeks after its roll-out, please consider joining my e-mail list. (The innaugurial e-mail will go out 5/8/16.) Who knows, I may have to eat crow!

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