The 2016-W Standing Liberty Gold Quarter originally went on sale on September 8, 2016. The original issue price of the 2016-W Standing Liberty Quarter when purchased directly from the U.S. Mint was set at $485 each. Its maximum authorized mintage was set at 125,000 coins. Each coin contains one-fourth ounce of pure 24 karat gold. The coins have a reeded edge with a beautiful Standing Liberty design.
From September 8 to September 20, the ordering limit was set at one coin per household.
The coins were well received by collectors, dealers and the public. In the secondary market, there were a few dealers trying to buy them in large quantities, even offering premiums ranging from about $50 - $100 over the U.S. Mint issue price per coin.
However, on September 21, the U.S. Mint threw a curve ball when it raised the household ordering limit from one coin per household to an unlimited ordering limit per household. This was an unanticipated move for many collectors, speculators and dealers, as it affected prices of the coins. By September 28, the U.S. Mint had already sold a little over 75,000 coins, from the maximum authorized mintage of 100,000. In other words, approximately three-fourths of the coins have been sold so far.
In 2016 the U.S. Mint introduced three different 2016 Centennial Gold coins to celebrate the 100th Anniversary of the Mercury Silver Dime, Standing Liberty Silver Quarter and Walking Liberty Silver Half Dollars. The U.S. Mint already offered the Gold Mercury Dimes and the Gold Standing Liberty Quarter earlier in the year and offered the Gold Walking Liberty Half Dollars later in the year. All three coin designs were originally introduced in 1916, but were composed of 90% silver as opposed to 24 karat pure gold.