50th Anniversary Kennedy Silver Set Opens at 85,670

The United States Mint has provided the opening sales figure for the 2014 50th Anniversary Kennedy Half Dollar Silver Coin Collection. From the start of sales on October 28, 2014 at 12:00 Noon ET through midnight, sales have totaled 85,670 units. The opening sales account for 28.56% of the product limit of 300,000 units.

Leading up to the start of sales the US Mint had indicated that they would have more than 180,000 units immediately available, perhaps suggesting that the US Mint anticipated a stronger initial response to the offering.

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The opening sales for the silver coin collection comes in higher than the opening sales for the two previous 50th Anniversary Kennedy Half Dollar products. The 50th Anniversary Kennedy Half Dollar Uncirculated Coin Set, which includes copper-nickel clad uncirculated half dollars from the Philadelphia and Denver Mints with the original portrait design, had opened at 68,974 units. The product was priced at $9.95 and carried an ordering limit of five sets per household. Sales have since risen to 136,614 units as of the most recent sales report.

The 50th Anniversary Kennedy Half Dollar Gold Proof Coin, which contained three-quarters of an ounce of gold and was initially priced at $1,240, had opening sales of 56,694 units. The product initially had an ordering limit of five coins per household, which has since been lifted. The most recent sales report shows sales now at 65,039.

The two coin clad set is currently shown as “out of stock” on the US Mint’s website. The product was assigned a limit of 200,000 late last week and sales levels remain well below this level.

According to the US Mint’s FAQ section, “out of stock” means the following:

Out Of Stock: When products are in an “Out of Stock” status, this means we do not have inventory of the product and we do not have an anticipated in stock date. Products in this status cannot be ordered online or through our customer contact center, but you can request to be reminded when the product will be returning to sale (through the “Remind Me” function on the product detail page.)

So at this time, the product cannot be ordered, but it has not sold out.

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Comments

  1. mgm says

    I pulled the plug at the mint for my Everglades National Park 2014 Uncirculated Five Ounce Silver Coin until they drop the price or do something else. With the price of silver at $16.18 an ounce the mint is asking way to much.

  2. Dave SW FL says

    Coming to a mint near you………lower prices for the Kennedy gold coin. The pros are taking all the stop loss orders out. How long will it last? Only time will tell, but significant support has been violated. Look for capitulation and HIGHER lows before getting carried away with bullion buys – it could get a lot cheaper. The hedge funds are in control and they are a merciless crowd of pirrana!

  3. Jon in CT says

    Dave SW FL wrote on October 31, 2014 at 8:56 AM:

    The hedge funds are in control and they are a merciless crowd of pirrana [sic]!

    Um, national central banks (Fed, ECB, BOE, etc.), if the spirit moved them, could utterly crush the gold positions held by all of the worlds hedge funds combined by 10 AM on any given morning, without even breaking a sweat.

  4. VA Rich says

    You guys weren’t josh’n, that’s one big box set, & they’re in there tight! My Enhanced looks smudgy, otherwise all looks good on one set. Oh, and the blue is a tad darker than the mint page photo, which is helps.

    Pitt – what’ that? “Cold beer here!”???

  5. VA Rich says

    Hey Captain – you should swing by the convention center later this evening, believe a few of us may be ‘trick or treating’ the mint booth.

  6. Dave SW FL says

    Jon

    Yes they COULD, but that is not likely as gold is disdained by all central banks. They’re lovin’ it!

  7. says

    The US Mint must be trying new tricks to bolster their bottom line. I guess it’s working…to an extent. I wish they would not have made the packaging so big that it almost would not fit in the shipping box, that was an error on their part. What’s this smudging I’m hearing about on the enhanced?

  8. Hawkster says

    fm,

    In regard to the email on a possible price change for the Everglades–Did you receive it from the Mint?

    One thing about the uncirculated pucks: Although silver is currently tanking, these are numismatic products with relatively low mintages. They generally do well on the secondary market. When they were first introduced a four years ago, collectors didn’t know what to make of them, including myself. I have since come to enjoy collecting pucks with nice designs, and those which depict Parks I have visited.

  9. Hawkster says

    Can anyone clarify this smudging on the enhanced that has been mentioned in a few of the comments? I’m wondering if it is from a die run, or whatever.

  10. says

    Hawkster, Don’t get me wrong, I really do agree with you, and side with the saying “buy what you like,” but many, including me feel that it could be decades before an over priced 5oz. AtB P could gain any real appreciation in value. I don’t like having to do it, but ending purchases of the numismatic P’s after the loss of the 10% discount was at least in my mind a necessity until the US Mint lowers it’s silver prices. I’m really hoping they do, love the big coins.

  11. Dave SW FL says

    This may become a great opportunity to pick up the bullion versions at a big discount to the price at issue. Just looking at the Gettysburg on the bay – might have to do some shopping on these by the end of the year.

  12. Pittsburgh P says

    I would like to know more about this smudging on the EU also. Is it on all of em being from production or is it from handling?

    That’s what I heard VaRich 😉 or did you drink it all?

  13. CasualCollector says

    Does that “smudge” on the EU look anything like a “fingerprint”? Happy Halloween 🙂

  14. mark says

    The smudging is from the wire brushing of the planckets. Some areas of the coin look uniform and other areas look like you blew your hot breath on it. Very distracting in my opinion, but will probably grade o.k.

  15. cagcrisp says

    I agree with Mark. I think the smudging is the way the light reflects in the grooves. Under some light it’s not noticeable and others it does…

  16. ibex66 says

    Any official numbers or estimated on how many of these sold at this point? Saw first day numbers but nothing since.

  17. Teach says

    I have been trying to find the sold numbers as well and nobody is posting them. Maybe the mint doesn’t want us to know? 🙂

  18. cagcrisp says

    Are you Serious? 30 Day Savings Challenge on the Mint’s website. Looks like the Same person that thought up the Mint bag thought this 30 Day Savings Challenge. Are you Serious???

  19. Eagle One says

    My extrapolation from a function based upon the data shown below estimated 112K at the 48th hour.

    The plot has an elbow at the end of the first 8 hours and then has a table top with a slight upward slope.

    Hr. K13s Sold
    1: 35,832
    3: 50,070
    5: 64,576
    8: 82,137
    12: 85,697
    26: 98,748
    28: 99,934

    I was going to spend another $104 to get the next data point. However, the numbers should come out soon.

  20. gatortreke says

    I’ve been away from the blog for a bit so this may have been discussed elsewhere but the upcoming Swiss vote on their “Save Our Gold” referendum has interesting implications for gold. Recent polls show much stronger support for this referendum than anticipated. The latest Grant Williams newsletters discusses the referendum and implications, http://www.mauldineconomics.com/ttmygh/pdf/this-little-piggy-bent-the-market. I can see a wild ride for gold until this referendum vote takes place.

    Re: the 5oz subscription, I canceled mine as soon as the Mint ended the discount but that doesn’t mean I don’t plan to buy the coin…eventually.

    As a University of Florida grad, I’ve rather enjoyed seeing the Gator appear when I’ve tried to access the blog. 🙂 (JK)

  21. halfpint says

    received 4 coin set today ,I thought they were really nice and nicely displayed,but for $100.00 I guess they should be,i’am sure not everyone will be happy .Already asking crazy prices for the graded sets

  22. Boz says

    Gonna postpone the P Everglades unless there is a price adjustment. Wait until next year and see how things go. So purchases from the mint in 2014 are done. Already got the baseball coins to give away for holidays.

  23. Webracer says

    I just got my kennedy 4 coin silver set today, my RP coin has some kind of smuge near the hair part,close to his temple. Also capsules are in the coin well so tight I’m afraid it may
    Break if I try to put muvh pressure on them, any sugestions?

  24. Jayarejr says

    Have to give the Mint their props on this one…smooth ordering, immediate e-mail confirmation, coins arrived within 5 days, packing looks great, and coins look great too. The Enhanced does show evidence of the burnishing process The so-called “smudging”, but it is minor and really only noticeable on the obverse under a glass. The reverse is pristine. Not worth a send-back, I think, especially since others are noticing the same thing on the EU. A whole different and better ordering experience compared to the past, hope the Mint can keep in up.

  25. Jayarejr says

    Use a very small screwdriver, like a jeweler or watchmaker would use, to get the coins out. They are in tight, and that is a pain. The Everglades 5 oz. is a nice coin, but the price has to drop to $124.95 before I get interested.

  26. Pittsburgh P says

    Just got home earlier tonight from Baltimore, didn’t catch up with any of the MNB crew yesterday in Baltimore… Did anyone get together?

    Catching the Steelers whip up on the city I just left 🙂

    Was able to grab a roll of prospectors from Provident for 16.35$ each before they sold out tonight too… Turnin out to be a goodnight

  27. Wes says

    Just received this set and it did not disappoint. Shipping box had some minor damage but no damage too the case and coins all look great. Enhanced uncirculated is my least favorite but there is nothing wrong with it. In fact the obverse makes a nice contrast with the other coins in the set. I give the mint an A on this one. A+ if it was a bit cheaper. Despite the spot price this set is a good deal when I compare it to the 2012-2013 ASE sets. It looks great on display.

  28. dave b says

    I Had a chance on tuesday nov 4/2014 to check over my 5 kennedy sets.
    My First order was for 3 sets, then later in the day I Ordered 2 more.
    2 separate orders and 2 different boxs. BUT all 5 sets have the same deep mark
    under kennedys eye. ONLY on the uncirculated coin !!! All 5 sets headed back to U.S Mint !!!!
    Anyone reading this take a Look at your kennedys!! Dave in ohio

  29. JohnM says

    I purchased three sets, knowing I would end up returning two, based on what I have heard about the coin quality so far. True to form, I picked the best of each type out of the three sets to make one good set. The other two sets each had problem coins. Most notable is the milk spot on the proof coin and scratches on the uncirculated coin. I am really disappointed with the quality of these sets. I end up having to pay return shipping because I can’t trust the US Mint to send a quality product the first time.

  30. Wes says

    There were no milk spots on mine and I do see one small mark under Kennedy’s eye on the uncirculated coin. Not enough of a problem for me to return it and the replacement set may end up having that same mark or worse. Would like to know if all the uncirculated Kennedy’s from this set have that mark.

  31. David W says

    I ordered the Silver Set, the Uncirculated set, and the small bronze presidential medal all together for my Kennedy Half anniversary package (can’t afford the gold!).

    The cardboard ‘face’ piece (with the holes for the capsules) on the Silver packaging had come unglued (will maybe have to try to re-glue it?), the outside sleeve was dinged, and the capsules are embedded way too tight… capsule almost flew across the room when I finally managed to pop one out. And I’m not a fan of the flag stripe running through JFK’s hair… looks like a bad hair dye attempt. The reverse of the reverse proof coin is my favorite of the set.

    The Uncirculated set had one of those clear gummed mailing circles that held the folder closed that I had to try to peel off without tearing and damaging the folder. Left gum on the cover, so will need to try some solvent on that and hope I don’t ruin it. Was that really necessary?

    The bronze medal came in the usual crimp-sealed cellophane packet… no disappointment there. I could immediately see the very cool relief sculpture of JFK on the bronze obverse, and the torches and seal on the reverse… the original design that the half dollar was based on. Sometimes simple is better. Maybe I should have sprung for the 3″ bronze!

  32. Wes says

    David, I don’t know if you just wanted to see the inside of the Uncirulated Kennedy set but the coins will slide out without taking the clear mailing circle off.

  33. Wes says

    dave b just saw the uncirculated D coin on Ebay a 70 with that same line you call a gash. That seems to be the way they were minted and yes it only appears to be on the D. All 5 sets sent back what a waste.

  34. M says

    I ordered two of these sets and the coins were in horrible shape. Scuffs and scratches. So I returned for a replacement. The US Mint received the return and refunded my account. I waited a few days for the replacement to show up but nothing. I called the US Mint and they said the new system no longer orders replacements…the customer has to re-order. I found this odd…and a major step back. Especially odd that the return form had an option for replacement. I did re-order and received two perfect sets.

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