2014 50th Anniversary Kennedy Half Dollar Gold Proof Coins

Today, August 5, 2014 at 12:00 Noon ET, the United States Mint will begin accepting orders for the 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coin. This will represent the second of three special numismatic products issued to mark the 50th anniversary of the series.

The Kennedy Half Dollar was launched in 1964 to memorialize President John F. Kennedy following his assassination. The pieces were quickly hoarded by the public who were eager to obtain a memento of the late President. This early hoarding behavior served to diminish the appearance of the denomination within circulation. Mintages for the half dollar had fallen to minimal levels by the 1980’s and 1990’s, and from 2002 onwards the coins have only been struck to fulfill demand from collectors.

Over the course of the series, there have been modifications to the design resulting in recent issues carrying a much different appearance than the original. For the 50th anniversary products, the United States Mint restored the original obverse portrait design.

Gold Kennedy Half Dollar

The obverse of the gold proof half dollar features the original portrait of President Kennedy designed by United States Mint Chief Engraver Gilroy Roberts based on the presidential medal he had previously prepared. The inscriptions include “Liberty”, “In God We Trust”, and the dual date of “1964-2014”. The gold half dollar is the only Kennedy product this year to carry the dual date.

reverse

The reverse design was created by United States Mint Sculptor-Engraver Frank Gasparro based on the Presidential Seal. A heraldic eagle appears at center with a shield on its breast and talons clasping an olive branch and bundle of arrows. The eagle’s beak holds a scroll reading “E Pluribus Unum”. A ring of 50 stars surrounds the eagle representing the 50 states. Additional inscriptions include “United States of America”, “Half Dollar”, and the precious metal weight and purity in small lettering beneath the eagle. The “W” mint mark for West Point appears in the original location next to the stem of the olive branch.

Each coin is struck in 3/4 of a troy ounce of .9999 fine gold to proof quality. The coins have a diameter of 1.205 inches (30.61 mm) and thickness of 0.085 inch (2.16 mm). This is the same diameter and thickness as the standard half dollar.

packaging

Packaging for the coins consists of a custom designed, brown mahogany hardwood presentation case with a removable coin well. Each coin is accompanied by a certificate of authenticity.

The 2014 Kennedy Half Dollar Gold Proof Coin carries an initial price of $1,240 per coin. During the course of the offering, the price will remain subject to change based on a grid which uses the average weekly market price of gold. The initial price is based on an average gold price within the $1,250 to $1,299.99 range.

There is no stated mintage limit for the offering, however the Mint has indicated that an initial inventory of 40,000 coins has been produced and will be made available for sale through various sales channels. The Mint will evaluate sales activity during the first week of availability and make adjustments to its production schedule accordingly.

An initial ordering limit of five coins per household will apply to web and phone orders. An ordering limit of one coin per person will apply to over the counter sales. This reduced limit was announced late last week.

For website sales, the Mint will be using their online waiting room to help deal with the expected influx of traffic. The waiting room will be deployed at 11:45 AM ET ahead of the release.

There will be four retail locations carrying the gold Kennedy Half Dollars. A total quantity of 2,500 of the coins will be available at the Chicago World’s Fair of Money held in Rosemont, Illinois from August 5-9, 2014. These will be offered at a rate of 500 coins per day. The ANA had previously announced public safety procedures for those seeking to purchase the coins.

The remaining retail locations will include the gift shops at the Philadelphia and Denver Mint and the sales counter at US Mint headquarters in Washington, DC. Each of these locations will have an initial quantity of 500 coins available. There will be an additional 100 units per day made available at each location for the first three days after the product launch.

History and Considerations

Anticipation for this year’s special 50th Anniversary Kennedy Half Dollar products has been building for some time. Late last year, a survey distributed to customers raised the possibility of a range of products with different combinations or mint marks, finishes, and compositions. In February of this year, the Mint provided the CCAC and CFA with mockup images of a potential 24 karat gold version. Some changes to the final product appear to have been made in response to feedback provided by the CCAC, including the use of the dual date, moving the mint mark location to the reverse, and adding an inscription of the precious metal weight and purity.

The final 50th anniversary products were announced in June, and included clad, silver, and gold coins. This covered a spectrum of prices from the affordable clad set to the mid-priced silver set to the high-end gold coin.

The 50th Anniversary Kennedy Half dollar Uncirculated Coin Set was released on July 24 and included uncirculated clad coins from the Philadelphia and Denver Mints. The two coins were struck with the original portrait design, making them distinct and separate issues from the previously released 2014 half dollars. Despite an ordering limit of five sets per household, initial sales far exceeded the Mint’s initial production level of 37,000 sets. After the first day, sales had reached 68,974 units. As of the latest sales report, sales have reached 84,593 units.

After today’s release of the 24 karat gold coin, the Mint will release the silver coin collection, which includes four 90% silver half dollars struck at different mint facilities with different finishes. The coins will include a proof from Philadelphia, an enhanced uncirculated coin from San Francisco, an uncirculated coin from Denver, and a reverse proof from West Point. The set is expected to be released in the fall.

full-tray-of-gold

The 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coin seems poised for an extremely strong opening. Over the past few weeks, there has been a high level of buzz and anticipation surrounding today’s launch. Arguably, more than any other current coin series, the Kennedy Half Dollar holds a personal connection and significance to Americans. This may very well translate into a larger audience for the 50th anniversary products than traditional coin collectors.

As a few points of reference from previous special gold products, the 2014 National Baseball Hall of Fame Gold Coins had sold out of the combined 50,000 maximum mintage for proof and uncirculated versions in less than 24 hours. There was an ordering limit of 50 coins for each version. The 2013 Reverse Proof Gold Buffalo, which were offered without an ordering limit during a four week window, had opening day sales of 21,009 and eventually reached final sales of 47,836 units. The 2009 Ultra High Relief Double Eagle Gold Coin had opening day sales of 18,173 units despite an ordering limit of one per household. By the end of the year, total sales reached 115,178.

Finally, there has been a previous special Kennedy product, although it was released more than a decade ago. The 1998 Kennedy Collectors Set, which included a special matte finish silver half dollar, was offered during a four week ordering window. Final sales reached approximately 62,000 units.

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Comments

  1. says

    I know most of you’ll saw the post about listing on the bay and If no sale, then sending back to Mint for refund. So as long as the Mint has a “Changed my mind” and get a refund policy you are just inviting flippers to do their trade. What do they have to lose? The Mint should look at some kind of policy when they just say “Hey, we are deleting your account because we just can not please you”.

  2. VA Rich says

    Boz – if you’ve got the thugs covered, least I can do is bring the pizza and cold beer. Anyone have access to astronaut briefs?

  3. says

    I agree with VA Rich I think the Mint will pull the plug on this puppy within 30 days. The exact wording on the Mint’s FB page was “To ensure fair and equitable distribution of the 2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin, the product will be sold based on consumer demand.”

    Consumer demand for me means that “I will give the consumer sufficient time to get a Gold Kennedy IF they want a Gold Kennedy”
    That does not say “I will give the consumer sufficient time to look on the bay and decide whether or not I can flip the coin and make a profit Nor does it say I will give the consumer sufficient time to see if the price of Gold drops below $1,250.00 to see if they can save $37.50”

    I think the Mint could pull the plug anytime after a week actually. If you want a Gold Kennedy and you cant find a computer or a telephone in a week time then you REALLY did not want one.

  4. JOE #2 says

    I can’t for the life of me ( Being into coins for about 45 years or so ), Understand why a “grade”, 69 or 70, proof or mint state, ( which most wouldn’t even know the difference anyway), As well as the coin(s) being straight from the mint, As well as having the C.O.A., such a big deal in having graded??? I guess most folks here and elsewhere are making these grading companies pockets rich with the bucks.. I can understand in having a “rare coin ” graded as far as for authenticity, But having a coin straight from the mint with the C.O.A. graded is ridiculous.. (imo).. I guess most are flippers here.. If you’re a true collector, Folks would understand what the Kennedy coin means. This 24k Kennedy to me, Is an icon coin, One of the best the Mint has ever produced. I guess it’s the “new” generation.. People will pay thousands more for the “sticker ” and/or for the fs/er “thing”

  5. Jon in CT says

    My Kennedy gold coins ordered online yesterday at 12:03 EDT are now marked “In stock and reserved.”

  6. Sith says

    @JOE #2 – Your preaching to the choir here, go back to the old threads you will see most of the board but not all is on your side as they prefer OGP.

    My coin is also “In stock and reserved” it still has a cancel box. Anyone still think it will be next week when they start to ship.

  7. JOE #2 says

    Sith, Just putting in my 2 cents………. I read all the comments here for several days. Most here are sticker collectors, I understand… I’m old school…:)

  8. thePhelps says

    cag… you and Rich might be right, but I seriously doubt it. I think the mint will have the coin available for a couple of months minimum. If they were going to do the 30 day run they would have done a 30 day run – there hasn’t been any real backlash to the mint for doing the pre-announced 30 day windows – that I’ve been aware of.

  9. Sith says

    @JOE #2 – ” If you’re a true collector”…you really need to go back to the old threads that argument has been done Ad nauseam on this blog’s comment section. In the last argument one of the statements was a “true collector” of Kennedy halves would not buy the gold coin, as the gold Kennedy was not a true Kennedy half dollar. Some other Kennedy collector did not agree…IMHO before you stereotype members of a chat board maybe you should read some of the comments first,…again IMHO.

  10. Brad says

    jj,

    No price increase today. The average for the week is in the same tier currently in use, so the Wednesday pm fix is irrelevant.

    If the $1,300+ current price holds for next week’s average, AND the price for next Wednesday’s pm fix is not back below $1,300, then the price may increase next Wednesday.

  11. JOE #2 says

    Sith… Stereotype? Didn’t think i did that, Just gave my opinion.. Everybody does what they like pal.

    Gold did pass the $1,300 mark…:)

  12. Sith says

    @JOE #2 That most of the people here are sticker collectors is your view point. I say they are the most vocal, and those that you call “sticker collectors” are flippers selling to suckers. Can you blame them? If I can sell a coin for a 50% markup to someone who needs it to get a “first strike” label or a PF70 coin, why would you call them a sticker collector, flipper yes but sticker collector…but again this is an old argument on the blog, and I will hand out the same advice some others have done…don’t read the comment section if you don’t consider them up to par with your idea of what constitutes a “true collector.” Just my 2 cents…

  13. longarm says

    My guess as far as what happened in Philly, armbands (pcgs)/ stamped (ngc) with special labels of course. That’s why( in case any one from pcgs/ngc is listening) I DON’T BUY GRADED COINS….

  14. says

    @thePhelps, Here is my reasoning on the 30 day deal. The Mint is mandated by Congress to do the Commemorative coins. It is legislation. It is Not a Mint deal. They do what the legislation dictates. If it fails (Civil Rights) or it succeeds (BHOF) it in Not On the Mint. The Gold Kennedy IS a Mint deal. If the Gold Kennedy fails they have No one to blame but themselves. The 2015 UHR coin is a Mint deal also. For these “Mint deals” to work, there Has to be secondary market considerations. If these coins are not worth more in the secondary market then you greatly diminish demand. Not just now but Years to come. The Mint will pull these Gold Kennedy’s so there will be at least Some secondary market appreciation so they can do Mint Deals in the future.
    You may be right but that is the main reason I decided to go all in on the Gold Kennedy. Once I saw that the Mint was doing the 2015 UHR I thought the Mint HAS to have a successful launch of the Gold Kennedy…It looks like the Mint Wants to go in a New directions and if they do, success Early is critical. The Gold Kennedy is the first step in success. Secondary market and sale follow through is how I measure demand vs. a one day demand showing…

  15. thePhelps says

    @JOE #2 – I think Sith is right. Most here have been pretty vocal against the labels.

  16. says

    @thePhelps, To continue my point. As long as there is “strong consumer demand” I think the Mint will keep minting the Golds but once demand drops off (like the Kennedy clads) then the Mint will stop minting and thus create a secondary market demand.

    Always leave the customer wanting more…

  17. JOE #2 says

    @ the Phelps says…. That’s what i like about chat.. Everyone has there own opinions. If we all agreed on the same issues, It would be boring… I’m new here… I didn’t mean mean to be repetitive from previous remarks in the past…

  18. says

    Thanks for the heads-up guys, our order is also listed as in stock and reserved. Can’t wait to get one of these in hand! 🙂

    Joe #2,

    I’ve been reading this blog a long time, and strongly disagree that most of the blog readers are flippers (or primarily flippers). Most either are straight-up coin collectors or some mix of the two. There are very few people who are here just to flip.

  19. thePhelps says

    cag – good points! Although – I have to say I don’t agree with the secondary market theory – it does seem like a possibilty. If that is the mints direction to capture new markets…more power to them…and the new market ventures. I’ll pass on the RCM mint direction they are headed and go back to collecting old coins.

    I also think the mint should be held accountable for the success or failures of the coins they design – and the Civil Rights failure squarely is on them and the selection process.

  20. says

    cagcrisp,

    That’s a very interesting line of thinking.

    To expand on it a bit, I feel like the Mint might be heading more in a direction like the Perth Mint, UK Royal Mint, and Royal Canadian Mint with better product packaging and a greatly expanded product portfolio. The packaging for the Kennedy clads, for example, reminded me a lot of some offerings from Perth/RCM/UK Royal Mint. I suppose this will be controversial with more than a few, but if that is the plan I think it’s a good direction for the mint to head to.

    Hopefully, though, we won’t see them implement Royal Mint prices! 🙂

  21. VA Rich says

    Trying to find the yesterday’s sales!!! Anyway, ran across this –

    Brian August 6, 2014 at 6:01 am

    I talked to someone at the Mint yesterday and he said they sold the initial 40K that they had for inventory in 3 hours. Orders after that I’m sure are going to have to wait at least 2 months to see their coins. I just got home from trying to get a Gold Kennedy in Chicago for the 2nd morning in a row, and there have to be at least 1000 people waiting outside to try and get one. I got there at 5:15 this morning and turned around.

  22. MarkH says

    Joe2-
    I couldn’t agree with you more. When I look at two coins, one MS69, one MS70,, side-by-side, I can not for the life of me tell the difference between them. And how many of us really want to pay x10 for a coin, the difference in grade of which can only be seen through a microscope? As to FS designations, who cares? Let those who want to chase labels do so. In 10 years they won’t be worth whatever it is they’re printed on. I suppose then there’ll be a newer industry-grading the labels according to the dies used to mark them or something ridiculous. Then folks will start removing labels from coins and selling them as distinct objects. It sounds absurd, but then the whole label thing is absurd to me.

  23. Ikaika says

    @ Louis

    “My theory is buying show label coins is like the game, pass the hot potato. Sell it before you get burned! Pass it off to some unsuspecting person before you regret it. A year later ANA RP Buff 70′s are only going for about $400 over non-ANA coins, as I predicted would happen!!”

    You got that one right :). I wonder what the “Porsche Guy” is now saying. He was supposed to be choosing the color and model with the whole bunch of ANA coins he invested in.

  24. zeeman says

    VaRich@ same thing happened to me yesterday, i did not even try today, maybe i should go there with my sleeping bag, at 12:00 am, maybe i will have a shot then 🙂

  25. longarm says

    @ Jon in CT thanks for that video. I especially liked the part where they said ” A whopping $1240″.

  26. Ikaika says

    Ordered at 12:35pm. In stock and reserved. Let’s see how long will it take for the actual shipment to leave the mint. Have yet to receive my clad set.

  27. VA Rich says

    zeeman – if I can find the time, I’m half tempted to print out all of the news articles and personal accounts of WHAT REALLY TRANSPIRED yesterday and send them signature guaranteed to the mint POA office. Smooth operation my @&$!

    Most of the articles and comments are well captured above, may just be a good $6 investment to stem these roll outs in the future, or force a more CIVILIZED process that is “fair and equitable”

  28. Sith says

    @JOE #2 – I personally don’t mind the repetitiveness, its the “true collector” garbage that get me going. IMHO It really comes across as pretentious. Then again if you were not privy to those older conversation how would you know that…which was one of my points,

  29. Clark says

    I’ve read comments on when the Mint will stop production of Kennedy gold half dollars and thereby establish a mintage limit with great interest. With deep respect for others’ viewpoints here, I think the Mint will overproduce the coins beyond forecasts during 2014, and then sell, sell and not stop until well into 2015. I base my view on the fact that the Mint’s main objective for its numismatic program, as stated in last year’s annual report, is to increase its customer base and foster sales. (p.17)

    In other words, the Mint MUST measure its performance based on: 1) increasing sales; and 2) reaching non-traditional buyers. The JFK golden anniversary series is its flagship vehicle to accomplish these goals because it broadly appeals not only to collectors, but also and especially to over 76 million Baby Boomers, many of whom still view Kennedy with reverence and honor, but don’t normally buy coins.

    Commercial retailers have unabashedly signaled early and heavily capitalized efforts to market and sell gold JFK half dollars and will follow suit with silver versions. As crass as they were yesterday, these big box coin players understand the timeless mass market appeal of the Kennedy legacy and they will stockpile years of inventory at today’s wholesale prices because they know people will buy them for decades. They have mapped out multi-year sales life cycles across all imaginable channels for these products and won’t be caught short. Like them or not, they know what sells and will gladly accept high single digit margins over time.

    For the Mint’s part, the “no mintage limits” policy was a carefully calculated decision to prolong sales in perpetuity with its primary objective in mind and all options open. Because it will not have another iconic product like this for a long time, its well-documented purpose is to sell as many JFK anniversary coins as it can to meet the highest demand possible. If the Mint stops production short of the highest demand in can reasonably forecast, it will directly contradict its two most important goals. Let’s see what happens.

  30. VA Rich says

    As much $$$ the mint pumps into these “surveys,” it probably wouldn’t cost much for the mint to hire a marketing firm to provide a lottery service that pays for itself. Here’s how it works –

    1. You pay $10 for a chance to be drawn for one of 500 tickets to buy a coin. You may enter 4 times (or $40) for DC, Philly, Denver, & ANA.

    2. You can register for each site for up to 4 days straight.

    3. Tickets are drawn 30 days in advance.

    4. You get picked, print out your ticket, make travel plans, show up at the mint both anytime during the day, collect your coin, or sell your ticket to a grease ball dealer.

  31. simon says

    JOE #2 says : If you’re a true collector, Folks would understand what the Kennedy coin means. This 24k Kennedy to me, Is an icon coin, One of the best the Mint has ever produced.

    I totally agree ! The USMint has never issued a circulating coin in Au prior to the Kennedy, and additionally in this aspect it is indeed “the best,” ranking perhaps with the 1804 Dollar, but this one is minted for the masses ! JFK would love it ! It is a perfectly fitting tribute IMHO to the greatest President in the same pantheon as Washington and Lincoln, who together formed this country and its culture in very fundamental ways. Challenge us (the US) and we will accomplish at all costs !

  32. gary says

    @JOE #2 – you are spot on! A difference that makes no difference is no difference! I collect OGP only. The Mint’s quality is such that they routinely make 70 quality material. That said, unless you use an electron microscope to check every atom of the coin, it makes no difference much in “eye appeal” between OGP, 70 or 69 grades. It’s all about the label hype and the flip for most stuff. I mean really, do the third party graders spend ANY time on authentication? Why would they, with a Mint COA??? TPG has it’s place and VALUE on older coins, especially for AUTHENTICATION!

  33. says

    I pulled this from somewhere else : I was awoken at about 2:20 am while a sleep in my hotel room by the sound of sirens and police on a bullhorn … there currently are several hundred people in line outside the convention center, along with at least 8 police cars with lights flashing . A few minutes ago people were running in the street with the police making announcements with a bullhorn for people to get out of the street … They now seem to have the crowd under control. Police cars with lights flashing continue to block some lanes of traffic

    I would think the Mint will Not do this next year and they May even Halt sales after Today and just tell people when they arrive that sales have Stopped…

  34. Sith says

    @Clark – I agree but their is no way the mint will produce these in 2015…I don’t think the legislation they use will allow that, at least the it was not done for the UHR.

  35. Clark says

    Sith-I think we are in agreement because my premise is that the Mint over produces in 2014 so it may continue selling in 2015. On a related note, were you able to find enabling legislation specific to the half-dollar 50th anniversary? My cursory search did not…I’m assuming the Mint is just using its general statutory authority.

  36. Sith says

    Let me get this straight a dealer bought the first person in lines coin for $6.24K, and the TPG slapped a 1st coin sold label on it. This has got to be a new low. When the fool who buys that label tries to sell in a few years.

  37. thePhelps says

    Clark – for the gold I think the law that enables them to make coins like the UHR is what they used. For the silvers etc… I believe they have free reign to do what they did based on existing laws as well. I thought one of the online magazines had written about that at the beginning of the year.

  38. joe says

    The 2009 UHR Gold Eagle was MUCH harder to produce than the gold Kennedy, and they made roughly 115K of those puppies.

    And to be perfectly honest, Kennedy is/was the “god” of the democrat party…and they currently hold the white house. The director of the Mint ultimately reports to the POTUS, who gets to interpret the law (and apparently any other law) the way he wants. I expect that the sky’s the limit for this particular coin and any other associated with celebrating a Kennedy.

  39. thePhelps says

    Sith…yep – that about sums it up. Plus to add to the irony – the 1st 4 coins bought and graded… were 70’s – any bets who had those 4 coins?

  40. longarm says

    Idk, I think that the mint after its initial run of 40k will produce another 20k and then another 10k for a total of 70k.

  41. zeeman says

    VaRich@ that was a mess yesterday, one thing missing for sure was the word”ORGANIZATION”.
    They let 800 people to stand in line for hrs,before somone told them, they dodnot need to stand in line cause only 500 will get the ticket, ANA said on there website that no registration after 15 July for the show but i heard that on AUG 04 , they were selling the ANA membership,i seen dealers with hand full of ANA membership badges. people were given numbers, early in morning, like 2:00 am, they are clueless, no one seemed to know whats going on.

    Insult to the injury was watching how the mint was giving those gold coin, here how it worked.
    they will bring in 15 to 20 people in line, with security guard at the start and end of the line, and a cop on the site, and if for any reason they find u in there way, u got treated like a dog.

    I think on P&D Kennedy, it was 5 per person at show, well that got changes to 2 per person also, they make rules as they go, you just can not trust the mint with anything they say.

  42. simon says

    JOE #2 says & Gary : it makes no difference much in “eye appeal” between OGP, 70 or 69 grades. It’s all about the label hype and the flip for most stuff.

    The ULTIMATE PCGS SCAM, and I mean ultimate, is the coincidental and suspiciously convenient assigning of the 70 grade to the “First Four” coins. This is really a bold-bald-bare-beardless faced lie custom designed for the hype they have created in the numismatic market. There seems to be this duality in the stinking rich who make such dubious purchases – they have the brains to make oodles of money and then unwisely throw it away in large quantities on the purchase of plain noodles.

    my 2c : If I were to give the Yadgarov family advice it would be – have the coins tagged and simply keep them. I have no doubts that these four will be marketed for 20K for the first and 15 k for the remaining three.

  43. Sith says

    @Clark – You are correct the mint is using its ‘general statutory authority.” I did a double check their is no time limit

  44. Larry says

    I would like more opinions of those that have actually seen the coin. I have, and while nice, I would not go so far as to say iconic. I would also like the opinions of those that saw the four piece silver set on display at the ANA show. To me, the reverse proof IS iconic. If you see it, you will want one. I am putting my money into that set. I think a year from now, you will be able to get the gold Kennedy close to melt. But I think the silver set may be a winner, it is just a set folks will want and much more affordable than the gold.
    The only three recent “iconic” gold coins that come to mind are the 2006 RP Gold Eagle, the 2009 UHR, and the BOHF. Is the Kennedy really iconic? I don’t know. It still looks like a half dollar, just gold. I suppose just because it is the only gold version of a circulating coin that could make it iconic, but not to me. Seems some folks are saying it is iconic, I’m just not there yet. I guess time will tell.

  45. Sith says

    @longarm – Its mint to demand right now…if their are 100K orders in they system by the end of the week they might not get the coins until 2016, but the mint will honor the orders. Once this week is up and the mint see the demand they can rev it down…announce a time frame to end mintages or an outright mintage limit.

    @simon – what are the odds of the coins grading a PF70 if the f the Yadgarov family keep the coins. I say none, they made the smart choice It was a win win situation, as long as some poor fool buys the label for the 20K.

  46. Sith says

    @Larry – Go back on the thread an earlier poster say exactly what you describe…with only the reverse proof silver been spectacular.

  47. Howard says

    If the Mnt stopped making the half Kennedy, what would that do to
    annual sets? Would there be a need to replace the half with ??

  48. VA Rich says

    I have never seen so many auctions with 0 bids before.., probably running about 85% with 0.

    One auction has surpassed $1,405…, wow, show me the money! geez…

  49. says

    @Sith says, Are you a “true collector”? If so, have you seen anything on the market to store all 13 of the JFK varieties being released this year? If you’re not a true collector or if you just don’t collect JFK’s maybe one of the other collectors on this blog knows something? Thanks all!

  50. longarm says

    BHOF gold auctions on fleabay keep dropping, better sell now if you want to see a profit.

  51. joseph says

    I have never seen so many auctions with 0 bids before.., probably running about 85% with 0.

    One auction has surpassed $1,405…, wow, show me the money! geez…

    Just wait till those gold coins being shipped out and you will see massive dumping on ebay/amazon and massive cancelling of mint orders. like I said, it will be a nightmare for flippers. I was amazed that some ppl just placed couple thousand dollars order because someone told them quick bucks could be made on this. they THINK they will make some quick bucks before their credit card’s bills are due. well, almost every flipper think the same thing, and the door is already jammed. LOL . let’s wait and see… there will be lots of fun…

  52. gatortreke says

    I’ll be interested to watch the mintage of these coins. If the cagcrisp and Captain Overkill theory holds true, then it is likely the Mint will limit the mintage just as the RCM and Perth Mint do with their releases. Sometimes maximum $$$ isn’t the best goal and limiting mintage to create strong after market demand would not hurt the Mint’s image, in fact it probably builds excitement for future non-Congress designated programs.

    The theory makes sense to me, only time will tell if it plays out this way.

    There’s something else to consider about the Kennedy’s that I haven’t heard anyone discuss and that may or not be relevant because of the huge price difference between these coins. I bought 5 of the clad anniversary sets on July 24 with the intent to keep one, give one away to a friend and to sell the remainder for whatever I could get…a bet they’d sell higher but not a huge one. I’ve sold each of the three for more than 2x the purchase price. Clearly there are people out there willing to spend much more than they need to just to get the coin immediately. Yes, I know the numbers who can afford the clad vs. the gold is significantly different. I readily admit I don’t know how this will play out with the gold but interest is definitely there for the clad.

  53. Pittsburgh P says

    Geez I don’t read MBN for a few hours & I missed a ton… Yes boz I’ll bring pizza & VaRich we definitly need to get together for a drink in Baltimore. We can have the thugs surround us so we’re like VIPs.

    Jon thanks for the article… Don’t mind people making a little cash but that sickens ne. The girl’s quote at the end sums it up- people with money paying people without money to get more money…. & imo it hurts coin collecting as a whole.

    Joe#2 I did feel you were stereotyping people in this blog but that may not have been your intent. I see where Sith was coming from but don’t mind hearing your opinions either. Welcome.

    Finally my 1:11pm order is IS&R & in process! Yes, I knew it’d be this week but didn’t think it’d be today. Good chance shipping will begin by end of week… Happy I got in the first 40,000!

  54. ABC says

    A while ago, someone here asked whether it was known who got the actual first strikes of this coin. I believe the mint would probably keep the first one. The ones that were minted right after the first would probably be presented to the Kennedy family.

  55. longarm says

    I hope they have these out for awhile because the gold Kennedy brings out the stacker in me, I bet I could have 3 or 4 more by the end of the year.

  56. Blair J Tobler says

    I respectfully disagree with cagcrisp’s theory – if they wanted to limit it they could have put a four week window on it like they did with the San Fran and West Point ASE sets. And if they really were concerned with secondary market value, they could have limited it to 50,000 or less, and stirred up a feeding frenzy that way. I think it’s more likely they will monitor the orders, and cut it when the number of new orders gets to a level where it’s not worth it to crank up the presses again, and end it at that time. JMHO

  57. JOE #2 says

    JFK Gold Coins Score First-Day Sales of 56,694; Hitting $70.3M

    Straight from coinnews.net

  58. Pittsburgh P says

    Correction my order is IS&R but still on hold… Anyone have their card pinged yet or status changed to in process?

  59. says

    @Pittsburgh P, I assume you would probably agree that the BHOF coin has to be the most difficult coin the mint has produced to date across all varieties, yes? Based on your response to my question as to how would anyone know how my JFK clads would grade before I even received them, you said not to expect 70’s because of the metal makeup. Do you have any insight then as to how we have so many thousands of PF and MS 70’s of the clad 1/2 BHOF coins available in the market? I’m just trying to tap in to your wealth of knowledge on the subject.

  60. JOE #2 says

    Got a question …. Whomever wants to answer….

    Would it be wise to have either 2 o.g.p. gold Kennedy’s, Or 1 pcgs graded pf70 first strike as far as investment and or collector wise??? In other words would 1 graded pcgs be more valuable down the line than 2 o.g.p. ones??

  61. SactoMike says

    I agree wholeheartedly with Clark’s 11:06a.m. post. The Mint will keep the presses pumping on this one from here to Christmas! I predict a mintage of somewhere around 150,000 by the time its all said and done. At that level, the coin – while an absolute stunner steeped in Kennedy tradition — will be worth no more than slightly above or below melt.

  62. Pittsburgh P says

    @cents I replied earlier but it seemed to get lost in virtual purgatory… let’s try again.

    Yes I agree that the BHoF coins are the hardest for the mint to produce across all their options due to the domed shape. If you have done any research about the topic of striking coins you will know that the metal composition of clad is the hardest to strike. The softer the metal the easier it is to get a perfect strike/coin if there is such a thing. Pure silver is a good metal while 24k gold is one of the best since it is extremely soft. The clad coins the US mint uses are less than 10% nickel and 90%+ copper making it one of the hardest metals the Mint uses to strike. This is why you don’t get a consistently deep strike with flawless details. It hasn’t help the matter since the mint has flattened the relief on their coin the past decade. Using your example of the BHoF coins if you search the pop reports released by the TPGs I am sure you will find that there is a large discrepancy between the amount of MS/PF70s given in relation to submissions compared to the silver and especially gold. Also, you know that there has been almost as many clads sold as silver and gold BHoF coins so there are more chances for 70’s. Most people feel that it is much harder for clad coins in general to receive higher grades than more pliable metals such as gold. Again I don’t look too much into grades myself but in general when I look at coins I receive the clad versions are usually not as detailed and the strikes not as crisp. I am sure many clads have gotten 70 grades that I personally would not agree with too(but that goes for all modern graded coins).
    I am by no means an expert or have a wealth of knowledge as you so sarcastically stated but do try to do my research.

  63. says

    Pittsburgh P, All I can say is, WOW! Your response is what I meant by your wealth of knowledge. NO sarcasm intended. Thank you. But there are 4 top TPG’s out there and dozens of places to buy 1/2 BHOF’s and if you add them all up there have been thousands graded 70. And they are still shipping from the mint. The point I was trying to make was 2 fold, 1. The mint has deals with the big dealers and different rules for them than they do with us. And 2. The TPG’s have special deals with the big dealers that we cannot and I think this makes an unfair playing field and needs a re-set. Thanks again!

  64. Pittsburgh P says

    No problem 2cents and I agree the TPGs have their backroom deals goin with the big boys… That is why I believe many coins that are not 70 worthy get pushed through to make them happy. Doubt we’ll ever see a reset but it’d be nice.
    Do you know there’s a new article with a new thread? Just haven’t seen your comments there…

  65. says

    Pittsburgh P, Thanks again. Maybe we as a community can force some accountability with the TPG’s. Here is an example, 69 grade instead of 70? List on the label why, etc. Yeah I see the new one now. Take care.

  66. Jerry Diekmann says

    So very unfortunate for this wonderful hobby that the big dealers and TPGs have done their worst to ruin it. I doubt that whatever label is printed on a slab that it will add anything to the value of the coin itself in a few years’ time, after this mania has run its course. Coin collectors are interested in coins; label collectors are interested in labels.

  67. Small time collector says

    My order status changed from “on hold” to “in process” today (11th). Maybe it will get here before the end of month.
    re the mintage, to hard to tell, with no planned date or quantity and a pending release of the ag set I think the au will run to the end of year and ag should go on sale by first part of oct.

  68. AK Coin says

    My order status changed today (12th) to ‘In Process’. The Mint say’s I should be automatically upgraded to expedited shipping. Maybe in two weeks??

  69. Curt Lindner says

    Here’s some food for thought for future COIN LAUNCH DEBACLES at the ANA, and MINT SALES STORES PLUS THE D.C. STORE. The U.S. mint can completely stop any future HOARDING AND POTENTIAL HUMAN TRAGEDY by simply OFFERING A SMALL PRE RELEASE OF FUTURE COINS VIA THEIR WEBSITE. If you have a U.S. MINT ACCOUNT YOU WOULD AUTOMATICALLY BE ENTERED INTO A SPECIAL LOTTERY FOR COINS. A COMPUTER GENERATED LOTTERY BY THE MINT WOULD NOTIFY LET’S SAY 1,000 PEOPLE AFTER ACCOUNT VERIFICATION THAT HE/SHE COULD PURCHASE A COIN AT A SPECIFIC TIMEFRAME THE DAY BEFORE A COINS RELEASE. AFTER PURCHASE, THE MINT SHIPS THE COIN OVERNIGHT SO THAT LOTTERY WINNERS HAVE THE ” COIN IN HAND ” THE DAY OF LAUNCH. THE MINT COULD CONTROL THE WHOLE SCENARIO andThis would eliminate HOARDING, and create a SAFE ENVIRONMENT where ALL WOULD HAVE A FAIR AND EQUAL CHANCE TO RECEIVE A COIN FIRST! THE MINT OWES THIS TO IT’S TRUE CUSTOMERS. Just my thoughts

  70. AK Coin says

    Just checked, Gold prices have been over 1,300 / oz., Price has now increased $37.50. Was $1,240 and now is $1,277.50.

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