More than three-quarters of the 2016-W Standing Liberty Centennial Gold Coins are gone, the latest U.S. Mint sales figures show.
Orders for the week ended Sept. 25 jumped 20,462 to 75,338 coins for a 37.3% increase over the previous week. That’s the biggest gain for the gold quarter since its first-day sales 47,884. (See photos of the centennial gold coin.)
Attribute the quickened advance to ending limits. Buyers could only get 1 coin until last Wednesday, Sept. 21, when the U.S. Mint lifted its household ordering restriction. They can now buy as many as they want.
The coin is a 100th anniversary edition that celebrates Hermon A. MacNeil’s original Standing Liberty quarter design.
Unlike its century-old predecessor that was struck in 90% silver, this newest piece is in .9999 fine 24-karat gold. It’s the second of three gold coins for this year to celebrate the 1916 renaissance in American coinage. The first coin, the centennial Mercury dime, sold out. The U.S. Mint will introduce a centennial 2016-W Walking Liberty half dollar later in the year.
The U.S. Mint’s product page for the gold coin is right here. Place phone orders at 1-800-USA-MINT (872-6468). Its original $485.00 price and mintage of 100,000 are unchanged.
Well it’s getting closer to a sale out.
They have them now at the U.S. Mint shop in DC if you want to save an extra $4.95.
Assuming at least half of the first 50,000 went to collectors, the remainder of those 75,000 coins probably were bought by speculators and flippers.
They just don’t learn, do they?