UPDATE: All of the gold Winged Liberty Head dimes made
available by the U.S. Mint on Dec. 15 have been sold.
Get the full story here.
As many as 8,000 to 9,000 unsold 2016-W Winged Liberty Head gold
dimes that have been languishing in the U.S. Mint's inventory for
almost eight months will be offered for sale by the bureau beginning
at noon ET Dec. 15.
The unsold coins are returns from individuals who originally ordered
and received them as well as product never shipped because orders
could not be processed due to expired credit cards or other obstacles.
FROM JULY: U.S. Mint still sitting on nearly 9,000 Winged
Liberty Head gold dimes
As of the U.S. Mint’s Dec. 4 sales report, 116,096 of the maximum
125,000 coins were recorded sold.
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Pricing for the coins to be offered Dec. 15 is set at $200, based on
the Mint's pricing grid for coins containing
precious metals. When the product first went on sale April 21, the
coins were offered at $205 per coin, with a household ordering limit
of 10 coins.
For the Dec. 15 offering, orders are limited to one coin per
household. U.S. Mint officials anticipate a sellout within minutes of
their release, similar to what occurred when they initially went on
sale in April.
When the gold dimes were offered April 21, sufficient orders were
placed to exhaust the maximum mintage in a matter of minutes.
The gold dimes are struck on planchets matching the Mint’s
specifications for .9999 fine tenth-ounce gold blanks used for the
American Buffalo fractional gold $5 coin, last produced in 2008.
Why did the U.S. Mint issue a gold Winged Liberty Head dime?
The 2016-W Winged Liberty Head gold dime is one of three special
commemorative gold coins issued in 2016 to celebrate the 100th
anniversary of three classic U.S. coins that began circulating in
1916: the Winged Liberty Head dime, the Standing Liberty quarter, and
the Walking Liberty half dollar.
The dime and half dollar were designed by Adolph A. Weinman, while
the quarter's designs were the work of Hermon A. MacNeil.
Read Coin World's historical features on all three coins:
Liberty Head dime celebrates 100th anniversary milestone
: The Winged Liberty Head dime series is extremely popular with
collectors, many of whome began in the hobby by retrieving examples
from general circulation.
Standing Liberty quarter dollar celebrates centennial
: Hermon MacNeil's designs for the 25-cent coin, which would be
called the Standing Liberty quarter dollar, are arguably the most
beautiful for the denomination in its long history.
Weinman’s masterpiece: 100 years of the Walking
Liberty half dollar
: In a time of war abroad, economic disruption at home and discord
at the United States Mint, the Walking Liberty half dollar, which
marks its centennial this year, was conceived.
The 2016 gold commemoratives were issued in order from smallest
denomination to largest.
As mentioned above, the gold dime was issued in April, the gold quarter was issued in September, and the gold half dollar was issued in November.
Are there unsold gold quarters and half dollars?
The Mint has potentially higher inventories of
gold Standing Liberty quarter dollars (from a maximum mintage of
100,000 pieces) and gold Walking Liberty half dollars (from a maximum
mintage of 70,000 pieces); neither program is sold out yet.
Those two coins had tighter initial order limits placed on them
— one per customer for the gold quarter, and three for the gold half
dollar — than the gold Winged Liberty Head coin had during its initial release.
Order limits on both the quarter and half dollar were lifted when
coins remained after the initial sales rush with the coins' release.
The phenomenon of sales almost immediately hitting the maximum
mintage did not happen with the quarter and half dollar as it did with
the dime partly because of the sales limits, and partly because the
two larger gold coins are more expensive, beyond the reach of many of
the collectors who could have hoped to purchase the dime.
Undamaged returns or cancelled orders on these products, since they
are not sold out, simply return to the remaining inventory on sale,