JFK Gold Coin Sales Rise to 61,700

After the second day of availability, sales for the United States Mint’s 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coins have risen to 61,700. This amount is up by about 5,006 pieces from the opening day sales total of 56,694.

A breakdown of sales by channel for the first and second day of sales is shown below:

Day One Day Two Total
Online/Call Center 54,825 4,090 58,915
ANA 493 488 981
Mint Headquarters 376 228 604
Philadlephia 500 100 600
Denver 500 100 600
Total 56,694 5,006 61,700

Following the strong early sales for the product and continued intense interest at the four retail locations, the United States Mint has made an announcement regarding production plans and availability at certain locations.

The Mint indicated that they have the necessary raw materials to initially produce 75,000 of the 50th Anniversary Gold Proof Kennedy Half Dollars and will continue to produce additional raw materials in order to fulfill all demand for the product.

gold-kennedy-half-1

Deputy Director Dick Peterson said, “The Mint is very proud to have produced over 40,000 of these beautiful coins. We will continue to produce 6,000 of the coins per week for the next several weeks and continue to assess demand.  We are committed to maximizing access to these products.”

The Mint announced that they are suspending sales of the gold proof half dollars at their retail locations in Philadelphia, Denver, and Washington, DC after August 7. The decision was made to ensure the safety of those waiting to purchase the coin and the Mint’s own employees. Previous plans had called for 500 coins to be made available initially at each location, followed by an additional 100 coins per location for the following three days.

Sales will continue as planned at the ANA World’s Fair of Money in Rosemont, Illinois. The Mint had previously announced plans to offer 2,500 of the coins for sale at the venue, with 500 coins made available per day.

Update: The US Mint and ANA have just announced the suspension of 50th Anniversary Kennedy Half Dollar Gold Proof Coins at the World’s Fair of Money convention in Rosemont, Illinois. Once again, the decision was made to ensure the safety of those seeking to purchase the coins as well as employees. Sales of other US Mint products including the 50th Anniversary Kennedy Half Doll Uncirculated Coin Set will continue at the US Mint booth at the convention.

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Comments

  1. Boz says

    I am already camped out on the sidewalk in Baltimore with my 100 mafia thugs. I will be first to get the silver ones.

  2. says

    Washington D.C. has more sales than they were allotted. I guess 4 Gold Kennedys just walked in off the street and presented themselves for Sale….

  3. VA Bob says

    Sounds like they took out the cancelations on day two. Good keep the flippers guessing.

  4. Blair J Tobler says

    I knew it was only a matter of time until the mafia got into the coin game……..

  5. Eagle One says

    Looks like the 1998-S Silver Matte will remain the low mintage king for the series.

  6. says

    Based on the mint suspending over the counter sales for their employees’ safety, I’ll make sure to bring my baseball bat and tire iron to help compete with all the mafia thugs next time. 🙂

    cagcrisp kindly pointed me to an article in another coin publication that talks about the mint coming out with a 2015 reverse proof set. In addition, apparently there will be a FOURTH set coming, too! Maybe “enhanced?”

    In addition, the Mint will add a fourth Proof set to its offerings in 2015 — one containing Proof coins of multiple finishes. Mint officials did not provide details about what finishes might be used on the coins in the new set, nor what the set might be called.

    These two new Proof sets would join the standard Proof set and Silver Proof set already offered.

    Will definitely be interested to hear Michael’s take. Two new proof sets as semi-permanent offerings is, in my opinion, big news.

  7. VA Bob says

    CO bad idea, but who ever said the Mint never had one of those. The annual sets are already over priced and in decline. Now they want to throw their bag of tricks at them? Besides do we really want another set containing the prez lens? RP won’t work (nicely anyway) on clad, so it would have to be silver. Probably the same for enhanced.

  8. says

    VA Bob,

    I’m expecting them to both be silver sets too, yes.

    If the Mint wants to go really crazy, they can make both clad AND silver versions of the two new finish sets. That would be six annual sets for people to buy, and really seven if you consider the uncirculated set too.

    On another note my Kennedy order status just flipped to from “on hold” to being “in process” Perhaps we might see shipments going out on Friday or perhaps Sunday night?

  9. says

    Memo to Mint: PLEASE DON’T SELL THE KENNEDY FOUR COIN SILVER SETS THE FIRST DAY THEY BECOME AVAILABLE AT A COIN SHOW OR AT MINT SALES LOCATIONS. You are putting the safety of the public, as well as the safety of Mint employees in jeopardy.

  10. mgm says

    This maybe my last entry about the BHOF coin: I know some of you hope so, lol…

    2014 BASEBALL HOF GOLD UNC 1 $419.75 $419.75 In stock and reserved
    UNITED STATES MINT REUSABLE BAG 1 $0.00 $0.00 1 unit shipped on 04/13/2014
    Order number: 429696XX
    Order Date: 03/28/2014 at 08:21 AM

    I would have never guessed I’d get it.
    Doing the happy dance.

  11. VA Bob says

    I don’t see Friday as a ship day, but Sunday maybe, thought it would just be a “label has been sent to the shipper” message, nothing would actually move until Monday. Maybe one of the folks who got an early order will comment when they do ship. My 12:40 order is still on hold.

  12. Eagle One says

    Does anyone have the current sales numbers for the High Relief Clad sets? I would guess the number is approaching 200K. Also, VA Rich, thanks for those PCGS Clad High Relief population numbers. They seem very representative of the five sets I received. MS-70 may be almost non-existent in the first production wave.

  13. says

    Memo to Mint: PLEASE DON’T SELL THE KENNEDY FOUR COIN SILVER SET ON THE FIRST SALE DAY AT A COIN SHOW OR AT MINT SALES LOCATIONS. You are jeopardizing the safety the public as well as the safety of your employees.

  14. VA Bob says

    Hawkster – I’m with you, but for a different reason. The Mint wants to provide equal availability to everyone, well not everyone lives near DC, Philly, Denver, or at the current big coin show venue, so how is that fair access?

  15. fmtransmitter says

    Special Update: 2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin

    The United States Mint announced today that it has all the necessary raw materials to initially produce 75,000 John F. Kennedy Gold Proof Half-Dollars. The Mint will continue to procure additional raw materials in order to fulfill all demand for this product.

    “The Mint is very proud to have produced over 40,000 of these beautiful coins,” said Deputy Director Dick Peterson. “We will continue to produce 6000 of the coins per week for the next several weeks and continue to assess demand. We are committed to maximizing access to these products,” Peterson said.

    The United States Mint also announced it has suspended sales of the John F. Kennedy Gold Proof Half Dollar at its three retail locations—Philadelphia, Denver and Washington, D.C.—after Aug. 7. The Mint made this decision to ensure the safety of those wanting to purchase the coin and the safety of its own employees. The retail locations will remain open for the purchase of other United States Mint products.

    The sale of John F. Kennedy Gold Proof coins at the World’s Fair of Money in Rosemont, Ill. will continue as planned. Customers interested in purchasing the coin are encouraged to visit the Mint’s website (www.usmint.gov) or contact the call center (1-800-USA-MINT), where they can purchase up to five coins per household

  16. fmtransmitter says

    I will be looking at actual videos, photos of this coin and try to see one in hand if I ever wanted one. Not woried about limited availablity. Also staying away from any facilities…Geez

  17. mgm says

    VA Bob says

    August 7, 2014 at 2:50 pm

    mgm – that’s good. Looks like your order is the last game of the season.

    Thanks VA Bob… I’m thinking about sending it in for grading, last coin sent out by the mint. Maybe someone will offer me 20,000 dollars for it.
    Happy collecting.

  18. says

    @Eagle One, The numbers are dismal. After the Initial Pop, there has Not been a lot of interest.

    Day 1 (12 hours) 68,974
    Through Sunday midnight 07/27/14 84,593
    Through Sunday midnight 08/03/14 97,655

    So basically After the initial 12 hours there has been 28,681 Sold

  19. says

    No, not quite the last post on the BBHoF’s. My last order for a proof $1. ordered on 4-7 at 8:42 PM shipped today.
    Also, since I’m so far away from the Norvitex shipping location, I just picked up the clad Kennedy set at the post office.
    I have absolutely zero complaints about these. They are classic looking, both are extremely clean and free from damage. Looking at them through at 10x loop, they both look 69+.
    It’s clear that they are business strikes, with tolling marks visible, but that’s expected.
    I’m happy now that I know the gold halves I ordered at after my 30 min. wait on line will be exquisite.

  20. thePhelps says

    “Striking coins to customer demand through Dec. 31”

    That ends that speculation…

  21. halfpint says

    I would likr to see mintage around 150,00,maybe some of these dealers would have to take a hit. Tired of all of this stuff that goes on with these modern coins

  22. gary says

    Striking coins through Dec. 31? WOW When I placed my 12:26 order for 1 coin I speculated on this blog that the Mint would probably halt orders by Dec. 31 (even though not required by law to end on Dec. 31) Glad I cancelled my order early this morning, for sure. Between now and Christmas I may just get mine if gold takes a good weekly bath perchance.

  23. Jon in CT says

    Boo! I was looking forward to watching video of tomorrow’s daily scrum outside the Denver Mint. 😆

    And I guess the Mint doesn’t give a hoot about any riots which might occur at the ANA convention site in Rosemount because of the Mint’s sales booth there. 😥

  24. Mint News Blog says

    Update: The US Mint and ANA have just announced the suspension of 50th Anniversary Kennedy Half Dollar Gold Proof Coins at the World’s Fair of Money convention in Rosemont, Illinois.

  25. gary says

    @cagcrisp… You are so RIGHT! The Mint certainly knew before the launch what their intentions and capabilities were. I guess the Mint doles out it’s information on new products as it sees fit and on a “need-to-know” basis. Apparently they thought those details would not be helpful to coin collectors on a high priced big ticket item!

  26. mark says

    Its about time…maybe the dealers pushed their wait around. I hope so and this ends this special label crap.

  27. gary says

    The sure winners? Why they were the people paid hundreds of dollars by the big boys greed to fleece collectors for thousands!!! I love it!!!! All those people made hundreds of dollars on the backs of the big boys!!!! LMAO big time!

  28. AkBob says

    I do feel bad for the True Collector that went their to get their one and only Gold Kennedy Half Dollar though:(((

  29. Eagle One says

    @cagcrisp. Thank you for those numbers.

    1998-S Silver (lowest mintage 63,000)
    1964 Proof Accented Hair (estimated mintage 100,000)
    1970-D (1.3M mintage)

    2014-W Proof Gold (present mintage 61,700 and climbing)
    2014 P&D Clad HR (present mintage 97,655 and climbing)

    8/7/14 1:25 PM Pacific Time

  30. gary says

    LOL (again) @ JON… hey Jon looks like the Mint read your post and decided to avoid Riots in Rosemont tomorrow. LMAO (yet again)

  31. says

    I have asked before Why the Mint does Not have a monthly press conference and take questions from All media present. It just stinks that they piecemeal their news offerings. Make it transparent. The Mint Insiders, and Chosen Others, Knew all along what the game plan would be. For Me this is playing out OK, but for others, decisions could have been different if they had only known what direction the Mint was going. Put the facts out there at One time, for Everyone, and then be done with it…Geezz..

  32. RSF says

    How dare the Mint do this to us, its distributors! This was supposed to be another production rarity. That’s supposed to be the Mint’s mission isn’t it? – To make us rich without any risk. Now we’re doomed unless we can guess how these will perform long-term on the secondary market with lower margins at higher volume and blah blah blah…

    Once again we’re turning this blog into an industry trade rag and not an info source for modern mint coin collecting.

  33. says

    As Michael mentioned before here is a statement just issued on the Mint’s FB page:
    **Important Update**

    The United States Mint and the American Numismatic Association (ANA) announced today that sales of the 2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin have been suspended at the World’s Fair of Money in Rosemont, Il. The Mint and the ANA made the decision to ensure the safety of those wanting to purchase the coin and the safety of their own employees. Sales of other Mint products, including the 50th Anniversary Kennedy Half-Dollar Uncirculated Coin Set, will remain available for purchase at the World’s Fair of Money.

    Customers are encouraged to order up to five per household of each product via our website at http://www.usmint.gov or by calling 1-800-USA-MINT (872-6468).

    This announcement follows an earlier one today in which the Mint announced it was suspending sales of the 2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin at its three retail locations in Washington, D.C., Philadelphia and Denver.

  34. Bob R says

    Looks like the coin will not see much for upside in the near term, but it still is a beautiful coin at a reasonable price.

  35. says

    I would love to know what provoked the shutdown of sales at Rosemont. Perhaps some kind of altercation took place? In a perverse way, I am beginning to enjoy some of these crazy stories.

    I do feel bad for the tiny handful of regular collectors who were hoping to buy there, though.

    As an FYI, the mint just pinged my friend’s credit card so it appears shipping could be imminent, after all. For reference, our order was input at 12:05. I’m now hoping to see a tracking number generated Friday night.

  36. Jon in CT says

    I seriously suspect that the clowns in the Mint’s Office of Public Affairs do not know how to quickly add an entry to the Mint’s official press release page at the http://www.usmint.gov/pressroom/. How else to explain why they’re issuing a stream of press releases via Facebook?

  37. Eagle One says

    The 1998-S matte sells for 10 times its initial offering price in SP-69 and 20 times in SP-70. Additionally, there are no First Strikes or Early Releases. Not a bad 16 year return. If the 2014-W Proof Gold stays below 75,000; similar returns are possible.

  38. says

    Levi,

    Our cancel box has also been gone awhile. I think there are going to be a lot of very happy people next week.

    Jon in CT,

    I share the sentiment regarding the Mint’s Facebook page. I’ve got no problem with them using the Facebook page, but this stuff really should be going up on their official website. Michael has pointed out in the past that they’ve made other important information available primarily via Facebook.

    I guess the Mint thinks social media is now the best way to get “the message” out to their consumers and is neglecting their website and traditional coin publications because of it. I don’t like Facebook and think this an unfortunate trend. Really, announcements via Twitter would even be better than Facebook!

  39. MN says

    I received my two 4/7 BHoF Unc Silver orders (3 & 4 quantities) via UPS/USPS. The one box that should have contained 4 only had 1 inside although the paperwork states 4 were enclosed. The shipping label was on the box bottom but the taped seam did not look tampered with. I called the Mint and they are sending a form for me to sign and return/FAX back to them ASAP. I kept questioning if I would be getting the rest of my order and the supervisor could not give the rep that answer. I am assured a refund but I want the coins! I wasn’t happy when she said my order went in right before the Wait List (what would that matter) and besides, the Wait List started two days later. A long wait for nothing?!

  40. RSF says

    This might have been our best (last?) chance to end this ANA Show label mania. It may still be if either the Mint decides to not do it again or if we, as a significant group of collectors, do not participate. I hope for the former, but we should promote the latter.
    The same applies to the whole FS/ER fraud.
    I know its’ just capitalism doing its thing, but sometimes the rough edges of capitalism need to be removed.

  41. Boz says

    I just received a very apologetic email from the mint today 8-7 telling me I would not be getting the BHOF gold order of March 28. I must have been just slightly past where the last of the suspended orders finally cut off. That’s the breaks!

  42. gary says

    cagcrisp… the Rosemont label may also be more REPULsive than exclusive. With the Mint now announcing continued minting as late as Dec. 31, only the very feeble minded or plain suckers with cash falling out of their pockets will want those things! Anyhow a hundreds of people in the Chicago area have hundreds of dollars of mad money! They are the surest winners out of it all IMHO.

  43. VA Rich says

    cag – couldn’t agree more, why could they have not shared that well before now!

    “Landry said the Mint is also expecting to release the four-coin 2014 50th Anniversary Kennedy Half Dollar Silver Coin Collection sometime in mid-October. ” – well, so that answers another big Q – no show release then (if they hold to mid-Oct.)

  44. says

    I’m glad to see that the Mint pulled the plug on further gold sales at both the ANA show in Rosemont, as well as the Mint’s own sales locations. At least their head honchos came to their senses and realized that the resulting feeding frenzies were risking people’s safety.

    It would be in everyone’s best interests when, in the future, a popular offering becomes available for sale, the Mint go back exclusively to internet and phone orders. This would help provide equal opportunity for everyone, not just the sleazy big dealers who exploit the system to their advantage.

  45. says

    I had a feeling the silver set would be mid-October. I figure we’ll see it Wednesday the 15th or Thursday the 16th. They probably want about two weeks to test the new website first before launching a high demand item like the silver.

    I find it very unlikely the silver will be offered anywhere for over the counter sales unless the mint substantially revamps their policies (hiring event planners and crowd managers, hiring armed security, requiring presentation of driver’s licenses). I think if their policies are revamped, it will be unlikely to happen this year.

  46. says

    First Gold Kennedy Sold has been ReSold to a long time collector FOR (drum roll please) $100,000

    There can Only be One First….

  47. AkBob says

    the Coin Vault has Gold Kennedy’s from all the mints , i.e. Phil, Denver, DC and the ANA show with the “special” labels in PF70 for $5,000!!!!!! Get them before they are ALL gone. They even have all four for $20,000!!!! WOW, I just can’t imagine anyone would pay that much. I know there’s a market for these and each to their own but this to me anyways is an awful lot of money for a “special” label. I’m not against FS,ER, FDOI, etc. but there has to be a limit. I really don’t think these special labels will perform as well as they have in the past. I’m not against the graded coins as much as a lot of fellow bloggers are here but I just couldn’t justify these prices even if I was able to afford them. I am starting to agree with others here that the labels will go by the way side in the future and they won’t be worth the paper they are printed on which is sad really. Too much can be bad too, JMHO. Good luck to all. I’m passing on this one. I am really looking forward to the 4 coin silver set though. I’ll be backing the truck up on that release. It is priced right with a lot of potential in the near and far future. Lots of upside to this one.

  48. Jon in CT says

    VA Rich wrote on August 7, 2014 at 5:41 PM:

    “Landry said the Mint is also expecting to release the four-coin 2014 50th Anniversary Kennedy Half Dollar Silver Coin Collection sometime in mid-October. ” – well, so that answers another big Q – no show release then (if they hold to mid-Oct.)

    This should be an interesting release. The Mint’s new Order Management System (OMS) should kick in some time near the end of September. A quick look at the Mint’s Product Schedule at http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProdschedView?storeId=10001&catalogId=10001 indicates that only two minor products are scheduled to be introduced in October. I believe that if the new OMS handles those two introductions properly, then the Mint wants to stress test the new OMS with the Kennedy Silver Set introduction and see whether it satisfies its required response levels. So I predict the Kennedy Silver Set introduction will occur during the last week of October and that there will be no “retail” sales during this trial.

  49. Hidalgo says

    A gold Kennedy half dollar costs $1,240. For that price, the public can buy 12 silver Kennedy half dollar sets (if the US Mint did not impose ordering limits per customer).

    If you only had $1,240 to spend, and if the US Mint allowed you to buy an unlimited number of silver Kennedy half dollar sets, which would you purchase?

    There are risks and rewards with every speculative purchase we make with US Mint products. The same applies to the Kennedy half dollar collectibles.

  50. Dave says

    Did anyone else notice that in the Mint’s cancellation letter they made reference to shipping RETURNED coins out to the wait list people? That is really too bad if there was no elimination of coins with quality issues.

  51. Ikaika says

    Are we going to see the sales of the JFK golden half dollar anytime soon in the series American Greed from CNBC? Goodness gracious, the events keep surprising me even after 40 years of coin collecting.

  52. Jon in CT says

    I can easily imagine the Mint offering a fixed mintage limit of 100,000 for the Kennedy 50th Anniversary Silver Set, not unlike what the Mint did with the 25th Anniversary Silver Eagle set. The Mint believes its new OMS is up to the task and the public has beaucoup alternative Kennedy 50th Anniversary products to purchase if anyone is too pressed for time to go online and purchase a silver set while it’s available.

  53. stephen m says

    The mint does keep things interesting doesn’t it, although too slow at times. There is still time for most to cancel that didn’t buy the half gold because they liked it.

  54. Ikaika says

    @ AKBob

    We now know that Coin Vault was one of the big dealers paying people to purchase the coins for them at the ANA and Mint stores.

  55. says

    A quote in Jon’s above link:

    “Rosemont police, who’ve monitored the lines in the evening and overnight, have not made any arrests, said Rosemont Deputy Police Chief John Aichinger.

    “100 percent civil,” Aichinger said of those gathered in line. “No problems whatsoever.”

    No Problems Whatsoever…..hmmmm….. Wonder why they shut it down then….

  56. VA Rich says

    Churning these pups out thru December 31st.., & the fleabay count for these is now up to 150 listing…, & none-in-hand… ruh roh! Oops, the flipper herd is just about to get a little leaner….

  57. Steve says

    Is PCGS first strike more valuable than NGC early release? Is it worth the extra wait? I live in Florida so NGC turnaround would me faster.

  58. MN says

    My 4/9 BHoF Silver Proof order of 3 coins placed at 3:15 (less than 45 minutes before the Wait List) is “In Stock” and my CC has a pending charge for them so they are very near the end of BHoF shipments now.

    In looking at Mint tracking for the order USPS delivered (missing 3 of the 4 BHoF Unc Silvers) was shipped FED EX Smart-Post, not UPS as I had stated in my earlier post.

  59. Jon in CT says

    Steve wrote on August 7, 2014 at 6:33 PM:

    Is PCGS first strike more valuable than NGC early release? Is it worth the extra wait? I live in Florida so NGC turnaround would me faster.

    Magic 8-Ball sez: “Concentrate and ask again.”

  60. Hidalgo says

    @Steve – if you’re interested in resale value, then go with a PCGS First Strike. If you’re interested in having a PF/MS 70 coin in your collection, go with the NGC Early Releases label.

    There’s a reason why PCGS grades more stringently — and that is to give their coins an air of being more valuable, especially at the higher certified grades.

  61. mark says

    Coin vault is silvertowne…you know the ones who paid $5000.00 each for the first four. And pcgs guaranted they would grade a 70.

  62. sharks2th says

    I like some of what I see in the video of the new mint website. The feature enhancements they are touting will be welcome additions for the site.

    Where is the December 31 cutoff for the K gold on the mint website? I can’t find it on the website, fb page or the rss feeds.

  63. Pittsburgh P says

    Question guys, does the statement in bold mean the mint can still stop prior to Dec. 31 & that is only the final day possible? This cryptic information the mint loves to put out is upsetting to day the least! Cag I agree they needed to release this before- even the day before would have been acceptable.

    “Peterson said the Mint has the ability to strike more than 100,000 gold half dollars, and will be striking coins to customer demand through Dec. 31. THE MINT HAS NOT DECIDED ON A SPECIFIC SALES CUTOFF DATE, according to J. Marc Landry, the Mint’s acting associate director for sales and
    marketing.”

  64. CoachMike says

    The few coins sold at the show will now be scarcer and worth more with that label now. Maybe the dealers had a say in this if there were no problems causing them to suspend sales.

  65. gary says

    The plastic and paper label of the Rosemont slabbed Kennedy coin is worth triple the cost of just the coin alone, so why not just yank out the coin put it in your pocket and flip the empty slab for a quick couple of grand?

  66. Clark says

    My 04/11 3:40 PM silver proof BHoF order just went In Stock & Reserved. I placed this order shortly before they pulled the wait list and posted a sell out.

  67. Clark says

    Steve–Not all folks agree that PCGS labels have a higher resale value or that PCGS is a more selective grader. Like everything else, it depends. I own coins graded by both TPGs, but I prefer NGC’s encapsulation materials and appearance. Some other collectors do too. I and some other collectors here have noticed various kinds of toning in PCGS holders that we’ve not yet experienced in NGC holders. Reasonable minds may differ!

  68. fmtransmitter says

    Fellow Collectors, I know you all want mintage limits but the Mint loves to sell Gold, it fills their coffers up with cash to pay for said metals, paychecks, etc. Good business practice states when sales plummet, stop producing because they are not going to Mint a few coins at a time. They want to Mint thousands at a time. When you see sales fall dramatically I would assume that is when they will stop Minting these coins.

  69. Louis says

    For the record the Mint did send the media e-mails throughout the day on the sales suspensions, production plans though not the end of year cut-off, etc. and anyone, even non-media who attended the acting Mint director’s forum at the ANA today found out about the stuff Coin World reported on- the reverse proof set, etc. But I do like idea of press conferences at least monthly and with video feeds for people in the boonies like me!

  70. Sith says

    @Pittsburgh P – Good catch I suspect they will anticipate demand make a run and if they fall short of Dec 31 they fall short, unless they experience what happened to the UHR and they are stuck with a ton of planets. Then they will claim no new striking after the 31st but continue to sell the coin.

  71. Jon in CT says

    fmtransmitter wrote on August 7, 2014 at 7:20 PM:

    When you see sales fall dramatically I would assume that is when they will stop Minting these coins.

    That is such a profound insight! You should be President or something!

  72. Boz says

    Coin Vault asking $5K for their Chicago NGC 70’s on tonite’s show. Not the first 4 which will be shown on Monday night.

  73. Sith says

    Like others my Cancel box is gone…let me roll the dice with this one cause this is a one of a kind offering which I don’t see them repeating.

  74. VA Rich says

    A little American Pride tidbit – The next Navy aircraft carrier being built, the second in the Ford-class of aircraft carriers, is slated to enter service in March 2023 — the John F. Kennedy (CVN 79). GO NAVY, BEAT ARMY!

  75. Louis says

    So the genius who paid a cool $100k (some folks have more money than brains) for the “first coin sold” is going to see his coin decrease from the minute he bought it like a new car. Has to be the dumbest coin buy of all time.

  76. says

    Concerning the cryptic language the Mint is using concerning the Gold Kennedy, maybe they are channelling another President:

    “It depends on what the meaning of the word ‘is’ is. If the–if he–if ‘is’ means is and never has been, that is not–that is one thing. If it means there is none, that was a completely true statement….Now, if someone had asked me on that day, are you having any kind of sexual relations with Ms. Lewinsky, that is, asked me a question in the present tense, I would have said no. And it would have been completely true.”

  77. VA Rich says

    A little more on that Reverse Proof set – “3. A Reverse Proof set or sets: This set will mark the 50th anniversary of the production of Proof coins at the San Francisco Mint. The Mint may offer one or possibly two sets — a Reverse Proof set in base metals and, and possibly a set with the silver dime, quarter dollars and half dollar. ” CW

  78. fmtransmitter says

    Steve says

    August 7, 2014 at 6:33 pm

    Is PCGS first strike more valuable than NGC early release? Is it worth the extra wait? I live in Florida so NGC turnaround would me faster.

    Are labels ruining the value of this hobby?

  79. fmtransmitter says

    Louis says

    August 7, 2014 at 7:38 pm

    So the genius who paid a cool $100k (some folks have more money than brains) for the “first coin sold” is going to see his coin decrease from the minute he bought it like a new car. Has to be the dumbest coin buy of all time.

    And the best “flip”? lol

  80. Sith says

    @Louis – With that type of rich its all bragging rights…its about impressing your trophy wife by spending tons on money on frivolousness items…like $10,000 martinis

  81. says

    @fmtransmitter, are you using the d*** word in a sexual sense? If so I don’t think that is allowed here, but I’m not sure…

  82. says

    For those who may want to cancel their gold Kennedy orders, but it’s too late, all they have to do is refuse to take possession of the package, or you can open it and take out the one or one’s you want and send back the others, you will simply have to pay shipping and insurance.

  83. Boz says

    As always, I am holding out for the certified last day of strike in an 08 grade. Last strikes and lowball should fetch $250K at a well-advertised auction.

  84. Hidalgo says

    @Louis –

    I am sure that those who are in the 1% group have the funds to spend on such collectibles. The rest of us — in the 99% group, need to make our purchases wisely.

    =================

    Louis says
    AUGUST 7, 2014 AT 7:38 PM

    So the genius who paid a cool $100k (some folks have more money than brains) for the “first coin sold” is going to see his coin decrease from the minute he bought it like a new car. Has to be the dumbest coin buy of all time.

  85. says

    The absurdity of someone paying $100K for the privledge of owning a gold Kennedy with a laughable “First Coin Sold” label is mind boggling. Who knows, that particular coin could have been the last strike before its die was retired. Did anyone believe that PCGS would give it anything less than a “70”, as well as the other three bought by the same dealer? The credibility of grading companies has taken another hit with the way this played out.

  86. Hidalgo says

    @Dusty – the challenge with this approach is that you’re out of $x,xxx for awhile. Plus, you take the chance of your coins being lost or misplaced.

    ————————–

    Dustyroads says
    AUGUST 7, 2014 AT 8:19 PM

    For those who may want to cancel their gold Kennedy orders, but it’s too late, all they have to do is refuse to take possession of the package, or you can open it and take out the one or one’s you want and send back the others, you will simply have to pay shipping and insurance.

  87. Billsey says

    In case anyone wants to keep track, as of 8:45 8/7, CV has the following on sale:

    NGC PF70 4 pc set 16 available
    NGC PF70 Phila 80 available
    NGC PF70 Denver 80 available
    NGC PF70 DC 80 available
    NGC PF70 Chicago 57 available
    NGC PF69 Chicago 18 available

  88. Ikaika says

    It may well be that the buyers for the first 4 coins from the ANA show, Silvertowne and the buyer of the $100,000 first coin sold belong to the same mafia. Marketing, marketing, marketing strategies IMHO.

  89. Boz says

    Billsey, those numbers certainly represent a pretty large percentage of those reported sold the first day. I would not be surprised when the dust settles to find populations in excess of the mint statistics.

    Wow the mint certainly did a good job in making sure that a cross section of mom and pop citizens had equal access.

  90. jeff says

    Micheal great job keeping us informed but I would like to know the cancelation numbers 61 k sounds like a hit, however if there’s 5-6 k canceled these numbers are sewed big time, if this has already been mention my bad.

  91. says

    Let’s face it, there is a sizeable number of people who are are enamored with labels. Are the coins becoming the throw-ins, so the TPG’s can market their ever expanding array of labels? Why don’t the grading companies simply set up tables at coin shows with a potpourri of labels to sell–no coins, just labels. It would save the label collectors the bother of also having to purchase coins.
    In essence, the buyer of the $100K Kennedy coin paid $1,240 for the coin and $98,760 for the label.

  92. sharks2th says

    Thanks for the re-link Jon.

    I agree with Larry on using the standing liberty design for something new.

  93. Gary S says

    MADE TO ORDER!! Keep ordering boys!——————-> Discount coming soon!! The more they make, the cheaper they get!! Oh Yeah!!

  94. Louis says

    The Mint keeps shipping BHOF silvers I thought I cancelled. WTF? Says line cancelled!!

  95. Louis says

    Earlier today I submitted a long magazine article about the JFK releases where I posed the question- Are these better thought of as investments or as collectibles to be enjoyed and passed on to your heirs. Guess which side I leaned towards?

  96. VA Bob says

    I wouldn’t worry. The Mint won’t be making any coins on Dec 31, unless they pay double time. Few would want to work anyway. Besides, would you want to buy one made on New Years Eve (special label withstanding)? In fact I doubt much will be struck over the holidays. They will be gearing up for the 2015 coins which come early in Jan.

    For the jittery type, remember the UHR began shipping in the spring and sold through Dec. too. Believe it or not there were even people moaning then that the sales ended too abruptly. It will happen with these JFK’s as well. Of course a fun game would be to hold out and see if the coin could be had for less than $1240. I recall lots of people playing that game in 2008, of course the Mint pulled the coins and the rest was history.

  97. Sith says

    They are what ever you want them to be Louis. A good investment takes time to mature, and obviously they are a collectable. Personally I think their price tag makes them a hybrid, but in my case they are more of an investment, but unlike my stock certificates, they are impressive to look at, require no explanation, and are inspiring,

  98. VA Bob says

    Here was the sales of the UHR for the first few months:

    2009 Ultra High Relief Sales History
    Date Total Sales Change
    1/26/2009 40,727
    2/8/2009 45,420 +4,693
    2/16/2009 47,999 +2,579
    2/22/2009 49,788 +1,789
    3/1/2009 51,398 +1,610
    3/9/2009 52,373 +975

    Now recall that the coin went on to sell over 100K. The big question is how popular is the JFK to the St. Gaudens among collectors?

    Few commenters back then, but the same hopes and fears. Here’s the full article for those feeling the nostalgia: http://mintnewsblog.com/2009/03/slowing-pace-of-2009-uhr-double-eagle/

  99. says

    Who is Minding this Mint? I have 4 open and partial orders that are yet to be filled and shipped. One is for 2 MS BHOF Silver that were ordered on 4-7-14. 4-7-14!!!!! 4 months!!!!
    This is insane…..are these coins being made by hand…….hand engraved? I have never seen such lousy service anywhere, this is a disgrace.
    By the way, has anyone had a Kennedy ship out yet? Mine went through at 12:02……2 minutes after they went on sale. It still shows in stock and reserved. I thought there were at least 40,000 ready to ship? It takes seconds to slap on a pre printed laser label and scan it to the carrier……seconds. This is just another example of why our government is broke. This cash should already be in the coffers.

  100. says

    Hidalgo, Refusing the entire order is the easiest and cheapest way one could get out from under a purchase at this point where the cancel box option is no longer available. In my case, I think I will probably just keep one out of the three I ordered and send the other two back. Certified mail with insurance should be fine.

    The Mint did a really nice job with these, I’m very impressed with the classic look. Plus, making them available for a more lengthy period of time does make them the perfect collector coin!

  101. Zaz says

    Is the gold hype/frenzy going to carry over to the 4-coin silver set? If there were production issues with the silver BHOF, just imagine the issues compounded by 4 different silver coins from as many mints. Sitting on the sidelines watching this unfurl is great. LOL.

  102. Pittsburgh P says

    Gary S says
    AUGUST 7, 2014 AT 9:37 PM

    MADE TO ORDER!! Keep ordering boys!——————-> Discount coming soon!! The more they make, the cheaper they get!! Oh Yeah!!

    Lol Gary S… I say keep cancelling boys!————-> Where’s the discount? Price goin up a level next week!!! Oh Yeah!! No matter how many are actually sold these will have the 2nd lowest JFK mintage at worst guaranteed.

    WacPac at least it is IS&R. I’m sure it’s not that simple either. Some were sayin they might not ship for over 2 weeks-I say we’ll get em next week & I’m happy with that! You can show the mint how upset you are by cancelling your JFK gold…

  103. says

    VA Bob, Reading the 2009 MNB issue is interesting, but I didn’t recognize anyone there! Also, surprised at the smaller amount of posts from readers. Michael posted in the thread much more them too. He did quite a few times back in 2012, but seems to have decided to stay more in the shadows lately. In my opinion, this blog has somewhat of a cult following, but you can bet it will continue to evolve as collector burn out sometimes happens to a lot of people after a few years. I think it is good advice to not make coin collecting ones only hobby.

  104. GoldFishin says

    My 12:29 order for JFK gold now “in process”….still have the cancel box, however.

    After all the cancellations and probably many more to come, I will welcome these babies with open arms. It was the 100,000+ early mintage possibilities that were scaring me about the future potential of this offering. I don’t see that as even a decent possibility with all the purposefully delayed information we received today from the US MINT. Flippers are running for the hills like it is the start of the “zombie apocalypse.”

    Something to think about in today’s chaotic world…..with gold now at $1314 the JFK gold content is worth about $985…..if you considered purchasing three 1/4 oz bullion AGE’s it would cost you $1140 for a CC purchase at Apmex. If you purchased a 1/2 oz bullion AGE and a 1/4 oz bullion AGE at Provident it would cost you $1113 using your CC. As we know these American Gold Eagle’s are bullion coins…no real numismatic value and yet you can purchase the same gold content with the JFK gold for only $100 more. If we ever see gold back at $1500 you will be owning the JFK .75 oz gold for spot+.08% which is a typical price calculation for AGE bullion coins.

    @VA BOB – thanks for the info and links…I guess if history teaches us anything it should be that it is far too early to tell what may ultimately happen with this JFK Gold Coin. It sure is fun to speculate though!

  105. says

    Regardless of a higher mintage (86,500) these coins will have a premium. I don’t care at all if it is only 20%, but I expect much higher long term.

    *Not reading discouraging, downer posts…

  106. VA Bob says

    Dusty – LOL back then one could post “anonymously”. The articles had a lot less comments too. I imagine there was a share of lurkers too. I started that way. Then one just busts loose and has to say something.

    I got my UHR with a week left to send to a TPG (or I could have kept it sealed in the box). The flipping was high dollar then too for a PF70 FS/ER. Mine is proudly still in OGP, beautiful strike with full belly button showing on Lady Liberty. I see too many parallels between this and the JFK (I could be wrong), but I think PP is right, I need to shut up and instead remind everyone this gold JFK is a loser and everyone should cancel their orders, they won’t be worth a steel bottle cap in 6 months. One will be able to pick it up for half the price of spot next year. 🙂

  107. Willy Wonka says

    How about a new proof set for 2015, silver Walking Liberty, Standing Liberty, Mercury, Buffalo, and Lincoln all as one proof set. Each coin in its original metal composition. That would make heads turn.

  108. VA Bob says

    Gold Fishin – no problem. Just remember going forward (for the herd) JFK gold BAD, cancel orders GOOD. Everyone needs to say it so it becomes the truth, and the easily swayed abandon it. We can talk about what they are going for on eBay next spring.

  109. says

    GoldFishing, I’m surprised your cancel box is still there, I made my order about the exact time you did and mine has been gone since at least early evening.
    There’s nothing to worry about GF, this coin will do fine. You won’t lose money on it.

  110. GoldFishin says

    OT- As I am searching through some ebay listings I have noticed a lot of them are offering a discount of 10%. If you have an item you wanted to purchase in mind, you might want to check it out, seems to be on Buy It Now auctions.

    @Dusty – never been worried….I just want to win Cagcrisp’s JFK contest….I heard first prize was free place in line at Chicago 😉
    I always have a detailed plan, I will execute it fail or pass.

  111. GoldFishin says

    it is from Ebay…I have a 10% coupon they said the gave it to preferred customers or something like that ….I must have missed it in my messages….expires today

  112. says

    GF, It does seem that people either love or don’t really like the Kennedy coin, but the fact is, most of us have been seeing it for years in Mint sets or even in circulation, just not lately. With all this exposure over the past 50, it’s never been too far removed from collectors minds. This aspect of the coin will seal it’s fate.

  113. GoldFishin says

    Dustyroads – if you go to your My Ebay and use the drop down menu….. at the bottom of the drop down menu under Messages it has an attachment that tells you if you have the 10% coupon….I never saw it before and just checked, I didn’t get a message about it, it is good for 10% up to $100

  114. Dave says

    To VA Bob:

    Actually the final total on the 2009 UHR, is 99,882, just a friendly FYI. I have one still in OGP, it’s Proof Like and will grade 69 or 70.

    Any taker’s, a deal at $19,999.99.

  115. says

    I’ve gotten those twice, and used one on a 1/4 oz. gold bullion that I later sold the a Japanese man on the bay who later did a cc charge back an got the coin for free. I will always be more careful now an follow PayPal seller protection policy rules.

  116. Pittsburgh P says

    GF I noticed the 10% thing on the bay but didn’t receive a coupon… I thought it was either a promotion by eBay or the sellers were offering it. Also, a few sellers on the bay are stating the total mintage for the JFK golds is 40,000. Unscrupulous! Unless you guys think it was an honest mistake? I also like how he puts the order summary page in the description with the price x’d out… I don’t mimd people makin a buck but don’t lie… Another reason to cancel those orders with the mint-I’m with ya Bob R.

    http://m.ebay.com/itm/321483703039

  117. Pittsburgh P says

    Dusty I remember you talking about the Japanese guy swidling you for that coin. Wasn’t he some big wig horse breeder or somthing. That does suck!
    I agree it seems people are either on one side or the other in respect to this coin. I for one love it but many don’t-How do you mean the exposure from the past 50 years will seal it’s fate? Good or bad?

  118. Dave says

    Right now, watching the “C.V.” through the “Roku” — only 2 payments of $2,497.50; 2014 JFK Gold– NGC PF70 UC, Special Label. They are talking so fast, I can’t tell what the hell she is talking about? Other than HURRY BUY NOW!!!!!!!!!!!

  119. Dave says

    Wait a minute — the coins they are selling after the JFK — I mean looks like they are now selling labels, with a coin. Wow, how bout that for marketing!! In my opinion that is (what my lawyer makes me say) — LOL!

  120. says

    Oh, I mean it in a good way. Many will reject it because it’s not in circulation at this time, and looks like it may never be again. It however carries a huge amount of significance and reverence. I believe it will end up on the coins to own list.

  121. Gary S says

    @Pittsburgh P Discount will come when everybody that wanted one will have one. That’s why you need orders cancelled. And that’s not going to happen. We needed a max mintage limit of 50k on these and the roof got blown off of that. I imagine these will reach 150k plus by the time its all over, possibly 200k. The 2013 Reverse Proof Buffalo had a mintage of 47,836 with an issue price of $1640 to $1740 per coin. The 2009 UHR had a mintage of 115,178 with an issue price of $1189. Kennedy coins are way more popular than those with collectors and non collectors alike. There will be plenty of these to go around for a long time and easy to get. After the hype is all over, these will be had for a wee bit over issue price and if gold sinks, probably snag one for less than issue price. Don’t get me wrong, I think its a great looking coin. But the popularity of Kennedy and the made to order mintage will keep it from getting out of hand price wise. IMHO

  122. says

    Pittsburgh P, The supposed buyer of the coin is a well known trainer in the Japanese art of archery on horseback at gallop speed. Interestingly, in my own investigation, I was able to learn that he scammed other Ebay sellers, all during the time that a festival in Japan was taking place where is trainees were performing. He even had the audacity to contact me through Ebay, but using his cell phone and ask for as much gold as I could sell him. I thought I had enough evidence against him to win my case, but it all come down t the PayPal seller policy. Obey it!

  123. Hidalgo says

    @Dustyroads – one can purchase 5 silver Kennedy half dollar sets at $495, which is less than 1/2 of the cost of the gold coin ($1295). Originally I planned to buy 2 gold Kennedy halves, but I just cancelled one of my orders. I believe that the “mint to demand” gold coins decreasing in value, especially if gold prices continues their long-term downward trend.

    Secondary market prices for most of the First Spouse gold coins sold during 2011 and 2012 have fallen. Their values rise and fall with the value of gold bullion. I believe the same market forces will likely prevail with the gold Kennedy halves. Why should buyers pay high secondary market prices when they can purchase the same coin from the US Mint at “retail” prices? I certainly wouldn’t. And I’m sure you wouldn’t either. 🙂

  124. Hidalgo says

    @Gary S – based on what I see right now, I totally agree with you that the “mint to demand” gold Kennedy halves will be around for a long time, will be available at or near their current retail price, and will sell at less than retail prices if gold values decline further.

    I plan to buy a PCGS PF70 First Strike gold Kennedy half, but I will likely wait a year — after the initial excitement and demand for these coins subsides, And it will. After this year, the public will move to the next hot thing in the market place. When that happens demand — and secondary market values — will fall.

    Earlier this year, I forecast that the 2014 Baseball Hall of Fame coins would decline in value after reaching their inflated highs shortly after their introduction. I also forecast that in the long-term, their values would stabilize above the US Mint’s “retail” price. All I can say is that I’m sure glad that I sold my extras while the market was hot. 🙂

  125. Louis says

    But Hidalgo- I thought you only bought what you liked and were not one of the dreaded flippers.

  126. Pittsburgh P says

    Gary S we just have very different opinions on this coin & that is fine… It seems that there is no middle ground for this release. Your either on one extreme or the other. Your right though I do want cancellations… Those who are easily swayed by negative comments or “energy” surrounding this coin or feel they can judge how well it will do after 2 days really didn’t want it. You’re saying there won’t be a lot of cancellations but from what I have read here and at other blogs there have been a ton of them-unless people are just makin stuff up which is possible… Idk why we needed a max mintage of 50k-would’ve been nice but it’s not gonna touch 200,000 & even at that it’s still the 2nd lowest JFK mintage by a
    few 100,000! They stated mint to demand til 12/31/14 at the latest-still worded it so that they can pull the plug at anytime prior. As of now they have the material to produce 35,000 more – makin 6000 a week re evaluating demand after each week. So there will be 75,000 at most end of october… Right when everyone will be using available funds for the JFK Silver set. Even IF they continue making 6000 a week til dec 31 that’s only roughly 123,000 to 129,000 max-That is
    the MOST they will make & I don’t see that many. Most offerings have a huge opening day then taper off fast. Just like the clad JFK anniversary set. Something like 70,000 first day & they havn’t broke 100k 2 weeks later! Those were 9.95$ not 1240$ also… I said 88,000 to 110,000 mintage after all is said and done & it actually looks like It’ll be right around there. If you really believe you will get one of these for melt in a few weeks, months, or even years good luck. Imho unless you steal it- it just won’t happen.

    Let’s just agree to disagree

  127. Hidalgo says

    @Louis – I previously mentioned that I buy one, maybe two of each coin that I like. Each year, I buy 2 silver proof sets, 2 uncirculated dollar sets, etc. Buying 2 gold Kennedy half dollars was my initial plan. One to keep and one to trade/sell in the long run.

    I sell coins when I need to downsize my collection. I recently sold more than $4,000 worth of coins that I had accumulated over the years. I still need to sell more — I have extras of the reverse proof Buffalo, 5 star generals gold coin, the 2011 American silver eagle set, etc. Unfortunately, because I work full time (and then some) in a key managerial position, I don’t have much time to advertise and sell my extras.

    The only time I can recall flipping was with the recent Baseball Hall of Fame coins. And when I think back about my experiences, I often ask myself if it was worth the hassle. I can earn more in a day from working than trying to profit from coin sales.

    What I’ve learned: Regular (small time) collectors do not get rich from flipping. Profit margins are small. And sometimes one can actually lose money (considering seller’s fees). If you’re a large coin dealer, profit margins can be greater.

  128. Louis says

    I personally think the Mint is overestimating demand for the gold JFK’s. Look at how online sales have fallen just this week and that is before a rash of cancellations. Most of the demand was for show release coins and the first 40K, beyond that it will continue to slow down. I am sticking with my 75K prediction. To sell more than that it needs a big speculative element, and it just won’t be there after the ANA.

  129. merryxmasmrscrooge says

    Let’s look at the possibilities on the chessboard… If I go knight to KR4, I can sacrifice my rook then nail a piquant knight fork of their majesties winning the queen. Or if I keep clearing the road down my black bishop file, I can get my passed pawn queened… What should I do?

    It’s just a simple problem involving Fourier Transforms and analyzing the relationships between space and time…

  130. Pittsburgh P says

    Yes Louis I also feel the Mint has overestimated their demand. I seem to be mocked or told I am incorrect most of the time… Oh well I wiil stick by guess of 88,000 -110,000. I am ac
    leaning toward 88,000. The silver set will have a much higher mintage number if it’s sold the same way imo.

  131. Ikaika says

    I think there should be an investigation by the Feds regarding this whole JFK sales. From the dealers to the TPG. I smell evil empire full of lies and market manipulation all over it. We all seen it with the stock market.

    You may have a 69 grade coin that could likely be a 70 or a 70 that is actually a 69 depending on who sent it in for grading.

  132. says

    I for one will concede Defeat. My guesstimate of ‘NORTH NORTH NORTH of 125,000’ is T-O-A-S-T…

    For the number I was Hoping for, I Needed a number North of the initial sales of the Clads (68,974) and I Needed the 2nd day follow through to be reasonable…

    I got Neither…

    75k to 85k looks like a good range….

  133. gary says

    I believe that demand for the gold Kennedy will slacken some next week and through August & September, increase some along with the launch of the silver Kennedies in October, slacken again until mid November when it will rise again with early Holidays shoppers. I’m still going with my original total sales guesstimate of 92K+

  134. VA Rich says

    71,293! 🙂

    Hey Clark – you’re not going to believe this, for those BHoFs $1 I sent back last weekend, I checked “Replacement” as I knew I would be getting a Refund anyway, well received email confirmation late last night that I’m getting Replacements for a few PRFs! I think I’ll be getting your rejects, and you’ll be getting mine! I’ll chime in here and let you know how they look when they show next week. I surely thought they’d be completely out by now!

  135. gary says

    @Ikaika – In regard to your comment:
    ” You may have a 69 grade coin that could likely be a 70 or a 70 that is actually a 69 depending on who sent it in for grading.”

    In addition to that, also remember that the coin will also grade differently depending on who grades it at the TPG. Opinions always vary. Add to that other such invariables as: Does the grader have new prescription eyeglasses on order? Did the grader have breakfast or skip lunch? Does the grader have only “liquid” lunches?, Did the grader have or not have sex the night before??? Was it good??? Etc., etc.

  136. VA Rich says

    The big speculative element went out the door when the mint revealed the purposely delayed release plan yesterday. The best thing that could happen to this offering is if gold unexpectedly pops up $150 an ounce or more.

    The timing of this release sure favors lessened demand going forward, e.g. rising fuel prices, end of summer vacations, kids back in school, Au on a little elevated plain, 4 months till 2015, the Big Event in mid-October, and a few other competing offerings yet to be released, and of course, the acknowledgement that the mint has enough material for another 35,000 and production through the end of year if need be. I’m liking how this may play out!

  137. Ikaika says

    @ Gary

    🙂

    All these activities we evidenced this week must make many people suspicious of the what is going on in the coin market.

  138. gary says

    Yup, I agree VARich, for the present the wind is out of the sails with the Gold Kennedy in regard to speculative investments. Yet, it is a large, very handsome and special coin!

  139. Pittsburgh P says

    Nah the gold JFK is nothin special… I suggest returning it to the mint before it ships like many have already done guys. 😉

    Since the silver’s are coming out mid October they won’t be having a release party at a show huh… I think that is a good move.

  140. VA Rich says

    Pitt- you’re always so on the money! Yes, cancel them all before you’re stuck with a dog! ;7
    There’s an “official” Gold Kennedy cancel order thread out there, too funny! Would LOVE to know total cancels to-date or the total true online orders for the 6th was.

    Believe VA Bob called it, we’ll see shipping notifications come Sunday morning, Monday at the latest. Can’t wait to see it!

  141. says

    Pittsburgh P,

    Yeah, I concur–the Kennedy gold is nothing special. But, on the other hand, the Kennedy four coin set that is due out in October is special. Let me see: one could get 12 of these sets (48 silver coins) for slightly less than the cost of ONE Kennedy gold. Not bad.

  142. stephen m says

    This gold Kennedy is still a nice looking coin that I think is destined to do well in spite of its seemly shady sales hype on the first couple of the opening days. I wish I had the cabbage to get one. @ Hidalgo, why do you prefer the PCGS First Strike PF70 slab as a future buy on the gold Kennedy? Do you think this TPG and First Strike label will be worth more or do you only admire it’s looks? Just wondering.

  143. says

    Originally I was NOT in favor or “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.”

    Looking back, this is probably the Best Mint Policy for someone like me. Other than losing out in my guesstimate contest, This thing Could NOT be working out any better….

    As Pittsburgh P and VA Rich say, keep cancelling those orders…

  144. Brad (The Original) says

    I’m looking forward to the silver set, too. The only problem is, it will certainly have a limit of no more than 5 sets per household like the other two products. The limit may never be lifted during the entire ordering period, either.

  145. thePhelps says

    The actors weren’t called in to hype the sales in Denver… they were hired to stand inline – after being told they were being called for a screen test – according to several different stories out there. When they arrived they found they were actually doing the standing for coins for cash… the mad dash wasn’t staged for excitement.

  146. says

    For my next Winner -Takes-All Contest I am thinking ‘Opening Day Only Sales’ of the Kennedy Silvers.

    Everyone could submit a SPECIFIC number and that number be +/- 5,000…

    If there is duplicate numbers chosen (like in the Gold Kennedy) then the first number submitted would be the winner…

    (I wish there was a way to submit numbers that others could not see until it is finalized. Anyone have any ideas how that can happen, I can sure keep up with the submissions)

  147. VA Rich says

    Cag – LOVE the idea, here’s my prediction for the silvers –

    They’ll be 100,000 sets available on Day 1, & they’ll be 100,000 sets sold on Day 1!

  148. Larry says

    $4995.00 for a Chicago ANA label Kennedy is just greed. This is not good for our hobby. The mint is making some truly great coins , and it seems they are on the side of collectors. At least they do appear to be trying. Wouldn’t it be nice if the mint could do a write up on their website saying something like ” The US Mint does NOT indorse the labeling of our products first strike or first day of issue by any third party. In truth there is no way to determine if the coin you received was a first strike, last strike, or any in the middle.” Maybe something like this would help put an end to this nonsense that I think all on this blog would like to see go away.

  149. Clark says

    VaRich–I hope you’re not getting my rejects. I actually opted for refunds, which have been relatively prompt and efficiently administered. I am eating lots of carrots to ready my eyes for the upcoming screening and sorting of 65 $1 silver prf BHoFs I expect next week. This week I returned 4 of every 5 $1 unc BHoFs I screened because of poor quality–mostly grease stains near the edges. I hope you don’t get any of these. They must have let the B or C production teams handle late production.

  150. thePhelps says

    cag…I think this one is going to be tough…. I’ll throw the 1st (unless I already got beat out) pitch and say 85, 500 sold.

  151. says

    The Denver Channel link was very interesting. I’d heard third hand stories that there were tramplings, but it’s good to have a real media source that says it.

    I also think I agree with the 75K number max in terms of sales. To be honest, I am actually even more dovish on final numbers. I think after cancellations, we could settle around 50K. I think there’s going to be a tsunami of cancellations from flippers when this is all said and done. Mint to demand, plus leaving the product up for sale until December 31 means flipper interest will absolutely crater.

    I expect silver set sales to be hot, though. It just seems like a great buy to me, given that it will be a lot more affordable than the gold and with precious metals in it, unlike the clads. There’s six total people in my coin group and only two of us got the gold, but all six of us plus some people who know what we do but have never bought with us before also want in on the silver Kennedy sets.

  152. thePhelps says

    @ Larry…you mean like this?

    http://www.usmint.gov/consumer/?action=firststrike

    “First Strike” or “First Release” Designations

    Coin dealers and grading services may use these terms in varying ways. Some base their use on the dates appearing on United States Mint product packaging or packing slips, or on the dates of product releases or ceremonial coin strike events. Consumers should carefully review the information below along with each dealer’s or grading service’s definition of “first strike” or “first release” when considering a purchase of coins with these designations.

    etc etc etc…

  153. Louis says

    There is no way the Mint would issue any kind of statement like that. The fact is they benefit hugely from the label chasing game because it increases sales and speculative interest in their coins.

  154. Clark says

    Cag–Your honorable contest is far from over, my friend. There are many sales over many months yet to come and a huge marketing push in October when silver JFKs roll out. Gold and silver JFKs are not mutually exclusive. Many who shop the Mint’s new website for silvers will be drawn into buying a gold companion or two…they go together like peas and carrots. There’s also the timeless mass-market appeal of the JFK brand that will drive sales after this initial excitement fades.

    I only ordered one gold JFK for my complete collection of Kennedy halves and will proudly slide it into my Dansco album with the others when it arrives no matter what happens. That said, my 200K contest entry is still alive until Mint sales officially end. How’s that?

  155. says

    I hear you guys. NOW someone don’t box me in, but I will give out the Winning Prediction for the ‘Opening Day Only Sales’ of the Silver Kennedy.

    212,125

    That way you guys want have to worry about coming up with a guess…

  156. JOE #2 says

    Larry, I have no problem with the grading companies looking for authenticity on coins. I do have a problem with folks buying the sticker and not the coin. Like i said, 99 + % would not know just by looking at a coin if it’s 69 or 70 or first strike or early release or 1st day of issue. That’s what destroyed the hobby. ( of course, In Joe’s humble opinion ).

  157. Brad (The Original) says

    No, that actually was a real statement issued by the U.S. Mint in regards to the “First Strike” and “Early Release” grading designations. It was issued a few years ago, when those labels were really starting to hit the stratosphere. It was probably a “CYOA” thing, in case of a future lawsuit or something.

  158. Blair J Tobler says

    Joe #2 – I agree. I’m also not too pleased when I hear about people who will order coins, put them en Ebay, and if they don’t sell for what they want, they return them to the Mint for a refund. That certainly isn’t good for the hobby.

  159. fmtransmitter says

    Louis says

    August 8, 2014 at 2:41 am

    But Hidalgo- I thought you only bought what you liked and were not one of the dreaded flippers.
    Yea, busted?

  160. VA Bob says

    Cag -The volume the “new” website could handle will be a factor in the JFK silver sets. I’m going to go with 105K for the first day, since the flippers, among others, will want the first batch of coins. the extra 5K is because they won’t realize they are over the 100K number right away.

  161. says

    Gold Kennedy Guesstimates (resorted from low to high)
    • GoldFishin 66,532 – 73,185 07/31
    • Jeff 70k 07/10
    • TimTom 70k 07/31
    • Longarm 70k 08/01
    • VA Rich 50k +/- 8k 07/10 ; 71,293 07/31
    • Louis 50k 07/10; +/- 75k 08/01
    • zeeman 75,000 08/03
    • bg35765 75,920 08/01
    • Dustyroads 86,500 07/31
    • Pittsburg P between 88,000 and 110,000 07/31
    • gary 92,586 07/31
    • SilverFan over/under 100k 07/11
    • VA Bob 100k +/- 5k 07/31
    • A Bob 100,000 07/31
    • VABEACHBUM 07/16 do not think it will either garner the interest or come anywhere close to 109k
    • Sith 60k 07/11; 100k to 120k 07/31
    • thePhelps between 75 and 100k the first week and a total of 125k 07/31
    • cagcrisp north of 125k on 07/10
    • Stephen m. 150k+ 07/11
    • Clark exceed 200k 07/26

  162. Clark says

    Cag–I’m gonna keep my powder dry and withhold my silver JFK set mintage contest entry until we know what the ordering limits, if any, will be. I’m guesstimating it will impose a 10 set (40 coins) per household limit, but who the hell knows with limits and policies being arbitrarily imposed of late. Also factor in that the Xmas shopping rush for all special 2014 JFKs will have two months to take hold, as those clever marketers know.

  163. says

    Opening Day Only Sales Silver Kennedy
    • VA Rich 100k on 08/08/14 (Opening volley)
    • thePhelps 85,500 08/08
    • CaptainOverkill 75,000 08/08
    • cagcrisp 212,125 08/08
    • VA Bob 105k 08/08

  164. MarkInFlorida says

    A system that lets big dealers bus people in and get ahead of collectors is not a good system. The Mint needs a better plan. WHat do other mints do? Give first choice to their long time regular customers?

  165. VA Bob says

    The UHR had some anemic monthly numbers after the initial first month buy too, yet went on to more than double sales over the course of the year (at higher gold prices I might add, gold broke $1k and later $1.2k that year). The Mint holiday catalog is a big draw each year for people giving upscale gifts. Unless the Mint does not buy anymore 3/4 oz. planchets above the 75K they have now on hand, they will sell more than that number. That’s not my opinion, it happens every year, without fail, if the coins are available, both gold and silver. The JFK gold will sell just fine.

    Dave – Check your numbers for the UHR. I’m pretty sure it’s a 115,178 final mintage. I would be interested to know where the number you got came from.

  166. Clark says

    Touche, Cag! And you know that those rules, once established after the game begins, will change. This is not a sport for the faint of heart.

  167. VA Bob says

    MarkInFlorida said, “What do other mints do? Give first choice to their long time regular customers?”

    Yes, that’s why from time to time you see dealers selling current coins for less than their respective foreign mints do. They get volume discounts on most everything. Even those low mintage coins. It’s built right into those high premiums.

    If the US Mint wanted to be fair at these shows, they would have a coin or two there for the folks to ogle over, then let them order (and pay with their CC) on site, to receive their order, in the order received by the Mint, by USPS, FedEx, or UPS. That would be fair, and the customer can see the product first hand. A bit reminiscent of the old mail in system, except modernized. You’d get your order number, just like at your home computer, and it would be assigned in that manner too. No jumping ahead of other online orders.

  168. says

    Here is what Drives me NUTS when doing statistical analysis.

    Buy it Now Gold BHOF on 08/07 @ 8:18 for $699.95
    Buy it Now Gold BHOF on 08/07 @ 11:18 for $649.99
    Buy it Now Gold BHOF on 08/07 @ 11:45 for $615.00
    Buy it Now Gold BHOF on 08/07 @ 11:47 for $674.99

    The Seller that did the $615.00 sold a total of 9 Gold BHOF coins Yesterday for $615.00. Clearly this Seller wanted out and he got out. This is the instance where I do Not like Flippers. The last 150 Gold BHOF average Sales price was $652.84 Before this happened, So Clearly this Seller wanted to Get Out for some reason and he/she did…

  169. Ray says

    I caught The Coin Vault shamelessly peddling certified Kennedy coins last night. They wanted $20,000 forone of them. It’s dealers like them that bussed people in to all of the on site locations to flip for a high premium. Their actions make me sick.

  170. thePhelps says

    Oh great… so next years ATB designs (sigh) will get a reverse proof treatment… in either clad or silver… while I like the idea couldn’t they have picked a better year or better yet…better designs to get this treatment?

  171. Clark says

    Phelps!! You had to make me see it! Why can’t we all just get along? (Actually, Eunice was much better looking and sweeter in real life. They didn’t do her any favors.)

  172. Steve says

    @cagCrisp- This is exactly what is going to happen to the Kennedy golds on Ebay. The flippers who didn’t cancel will end up lowering their buy it now price driving the market down to dump their inventory.

  173. Steve says

    And for everyone that is bashing the US Mint (some rightfully so) for their handling of the Kennedy gold release I have to say kudos for getting the first 40,000 processed and what appears to be very quick shipping. I ordered 2 at 12:15 and want them just as much as I wanted them before the on sale. Don’t let the negative take persuade you unless you bought 5 to flip in OGP on Ebay.

  174. says

    Zaz,

    Cagcrisp actually beat you to the punch and mentioned it yesterday. I am rather looking forward to the new sets. I am hoping that the unknown set will be an enhanced proof in the West Point set style.

  175. mark says

    Just watched one end on feebay…..wait ..wait… boom, winning bid $1415.00. Seller lost about $25.00

  176. James says

    Hey Ray: I saw that too on the Coin Vault show, but it was $20,000 for 4 coins if I am not mistaken. One from each of the 4 locations selling them the first day. What a joke.

  177. VA Bob says

    Zaz – there goes the specialness of the reverse proof. While it will be nice to see some of the other coins get the treatment, it will get old quick if it’s an annual thing. Besides, no one will be able to have a complete RP presidents set or ATB set. It reminds me of the satin finish unc sets a few years ago. Apparently in the pursuit of short term profit, the Mint has not learn it’s lesson. If the annual sets weren’t (with a few exceptions) secondary market losers, it might be different. I love the annual sets, but how much loss can the collector bear?

    Also US Mint, make the cent in the annual set 95% copper. We are paying for it with the current premiums, and it might help your sales. How dare you make a reverse proof copper plated zinc cent! The epitome of cheap. If you must do it, do it in a coin composition worthy of it.

  178. Jon in CT says

    Steve wrote on August 8, 2014 at 12:50 PM:

    And for everyone that is bashing the US Mint (some rightfully so) for their handling of the Kennedy gold release I have to say kudos for getting the first 40,000 processed and what appears to be very quick shipping.

    The Mint has been accepting orders for over three days now but has yet to ship even a single coin. You might think that is worth kudos but if there are really 30K coins stacked up in the warehouse, then the Mint has failed yet again with fulfillment.

  179. says

    Cagcrisp,
    In regard to the Kennedy gold guesstimate contest: we need to have a more level playing field in terms of the entries submitted by the contestants. Some contestants gave an exact number guess. Other entries went with a low and high range (yes, one of the terms used in statistics). A third group of entries included over and under estimates. These variables may make it difficult to declare a true winner.

    For the upcoming Kennedy silver set contest, wouldn’t it be better if all contestants were limited to making a specific number guess, as you just did? Of course it could take many months for the Mint to do its final auditing, so the winner would not be revealed for quite a while.

    By the way, when does the rules committee meet again?

  180. Dave says

    To VA Bob:

    “Dave – Check your numbers for the UHR. I’m pretty sure it’s a 115,178 final mintage. I would be interested to know where the number you got came from.”

    — The final audited sales were posted on this (Mint News Blog). Maybe Michael can give the reference again. I will search later — I’ve got to run, just checking in for now.

  181. says

    @Hawkster,

    The Gold winner could be problematic depending on final numbers. One entrant has a range of 22k and Another has a range of 20k.

    That’s quite a spread.

    To determine the Winner we may just follow the Mint’s lead and hand out Tickets and then after a couple days change the rules and don’t hand out Tickets…

  182. Tinto says

    @VA Bob
    ” .. there goes the specialness of the reverse proof ..”

    Totally agree, if this becomes an annual thing (as it seems to have happened with the ASE) I will stop buying the RPs I might buy the first year or two of the Reverse Annual Proof sets for the sake of having a type set but that would be it for me. What next, happy birthday sets for pets?

    The “genuises” at the Mint are just looking for their promotions and bonuses, they really do not care about collectors, just the big dealers, IMO.

  183. thePhelps says

    In reading the above thread… it is hysterical to read the comments… they all sound familiar.

    “OMG PEOPLE… it’s a modern gold coin with a mintage of 115,000!! that equals ultra common!
    Premiums will go down, down, down…”

    “Thank goodness I have a fist strike…I know many of you don’t like that but hey it makes me happy!”

    “Personally I was disappointed with the one per household limit being lifted. I think a great thing became an ok thing.. No loss but not real future gain. 50K would have been a nice number….

    “Unless gold takes a serious dive, this coin will sell for a great price for many who bought it from the Mint.”

    “Keep in mind folks the 115K mintage is to satisfy all future coin collectors. It’s a solid investment. Period! Unless of course you just wanted to flip the coin in 6 months then that’s your problem.”

    Those all sound familiar…

  184. thePhelps says

    Hawkster… that was the reported final numbers… I didn’t look for the final audited numbers.

  185. Jordan says

    What was the selling price the US mint was selling the 2009 UHR double eagles. I guess there was a high and low based on gold spot price.

  186. diga4 says

    Has anyone here had there credit card charged for the Gold Kennedy coin yet??? Mine was charged Thursday August 8, I would guess it should be shipping soon?

  187. says

    Jon in CT,

    I agree, up to a point. However, if we do see shipping labels created on Friday or Sunday nights, that will be a pretty impressive response time (for the mint) on a “hot demand” item. Usually, it takes them weeks at a minimum to begin shipping. Certainly I will be happy if I received my coin next week rather than sometime in late September.

    VA Bob,

    I don’t believe any have shipped yet. We ordered at 12:05 and were one of the first ones in for once. My friend’s credit card got pinged yesterday and the charge is now pending, but it hasn’t been finalized, and there’s no shipping label yet for our order. If we’re lucky, we’ll probably see the first labels created Friday night. If not, we’ll probably see them Sunday night or sometime Monday.

  188. jeff says

    Order Date: 04/12/2014 at 06:34 PM $1Proof Order Status: Your order request is on hold.

  189. VA Bob says

    Tinto – Happy Birthday sets for pets…. lol please don’t give them any ideas. If they do the RP’s, I do hope they don’t do the remaining ATB’s and Presidents. Nothing sucks worse than different finishes on a single series of coins.

    Louis – Thanks. I’m pretty certain of that final mintage too. Unless something was released much later that I haven’t heard about. If Dave’s numbers are correct, then I learned something new. Everywhere I look, I see the 115K+ figure though. In the JFK comparison, though it matters little. The UHR was slow in the immediately following months, as gold was on the rise, yet it still more than doubled it’s sales before the end. The JFK might not be quite as popular, but it is the nicest reoccurring modern coin. It’s the first one my eye goes to opening a proof or mint set.

    thePhelps – The chatter is indeed reminiscent from the UHR. Quite interesting. We’ll see if the parallels hold true.

    Jordan – I paid the issue price (someone had posted it earlier). I don’t believe it ever went lower than that. It did however go higher as spot went from in the $900’s at issue to over $1200, with ups and downs before settling a bit lower for the year. That was the last year to buy sub-$1000 and oz. gold…. seems like ages ago now.

    CO- I didn’t believe any shipped yet. Hopefully, you are correct and they ship this weekend. It always a good sign when things start to move, so I hope you get your coin(s) soon. But, I be lying if I didn’t say that the Mint bureaucracy on getting even in stock item out the door hasn’t been slow. I wonder how many they’ll ship per day?

  190. Wes says

    Anyone else think they should have done the Gold Kennedy as a reverse proof after seeing the RP Silver Kennedy photo?
    Received my BHOF UNC a few days ago. It looks nice almost a proof like one small spot near the edge of the coin under the A in Dollar. After looking at it again noticed a shadow on coin turns out it is on the capsule. Coin in my opinion is a 70.

  191. Pittsburgh P says

    Clark… You have ZERO chance to win Cagcrisp’s First Mintage Guestimate Contest. How’s that? The JFK gold’s will not touch anywhere near 200,000 imho.

    Ordering limits are 5 on the silver sets also. It was released when they released the price of 99.95$ I believe. Cag 212,000+ first day sales? Wow.,. I am bullish also on these but coming up on a cool quarter million day one-Idk…
    My Opening day sales estimate for the Silver JFK Set is 148,888.

  192. says

    @Pittsburgh P, Pop and Drop like the other 2 Kennedy offerings…

    The Mint will have many more units on hand and people will be chasing existing inventory…

    This will be the last Biggie for the year for the Mint…

    I’m looking at total mintage of 400,000.

  193. says

    Cagcrisp,

    Based on the wild, first day sellout of the 2011 silver eagle set, which sold out the 100,000 mintage limit in about 6 hours, I think, as you do, that the first day sales of the Kennedy silver set will be extraordinarily high. The only thing that would damper high sales numbers would be if the Mint’s website crashed–which, based on the past, is a distinct possibility.

    My guesstimate: 184,546

  194. Brad (The Original) says

    I attended the ANA show in Rosemont today. The U.S. Mint booth had a couple of the Silver Kennedy Set prototypes on display. As we all know, the RP coin looks great. However, I really wasn’t impressed by the “Enhanced” Uncirculated coin. It bore a strong resemblance to the Proof coin on the obverse, except it seemed a lot of details were lost in the Kennedy portrait by comparison. The only thing different about the reverse that I could see was the shield in the Presidential Seal had the same appearance as the shield on the 2013-W Enhanced Silver Eagle. Other than that, the coin really appeared to be a heavily frosted proof coin with lack of details. I’ll still buy the set of course, but I was hoping for something better on that Enhanced Uncirculated coin.

    I told the lady at the U.S. Mint booth that instead of halting the Gold Kennedy sales, they could have simply given out numbers to everyone interested in buying one. Then at 11:00, just draw out 500 numbers. If your number is drawn, you get to buy a coin. If it isn’t, you don’t. How simple is that? But, it was too late anyway. The remaining coins had already been sent to the fulfillment center to use for online and phone orders. Too bad there isn’t any way to identify which coins were sent back from Chicago. I could see yet another grading pedigree. Something like “Chicago ANA Coin For Online Orders.” I’m sure if there was any way to identify them, they’d probably do just that. At any rate, some of you guys might receive coins that were originally intended to be sold in Chicago and not even know it!

    One dealer there had a several stacks of Gold Kennedy coins (50 total), all graded PCGS PF70DCAM. He told someone that he wanted $5,000 each, but he didn’t feel that was the “top of the market.” I don’t know if they’ll go for more than that or not, but I sure don’t see those prices holding. I have to pity the suckers who pay that kind of money for the silly label, but that’s their right.

    Another dealer I talked to bragged about having snagged 35 of the coins, which were being graded by PCGS. The first 8 graded PF70DCAM, but the rest were still pending. He also wanted to get at least $5,000 each. Crazy.

    So anyway, I never got a Gold Kennedy at the show, since I don’t believe in camping out overnight. I realized early on that it wasn’t going to work out, since the “big boys” use extreme tactics (like busing in people to stand in line) to ensure they ended up with most of the coins. That’s why the Mint really needs to use a method like the one I described earlier to sell that stuff. That way there would be no need for lines forming the day before, and everyone would have an equal chance due to the random drawing. Isn’t “fair and equal access” what the Mint is always preaching about? What could be more fair than having a random drawing? Even though the big boys would have all of their warm bodies in the drawing, at least they wouldn’t have an advantage over the real collectors in the drawing. Oh well.

  195. guama says

    Went to the ana show today as well. No Kennedy clads were sold by the mint, just the dealers ($15). We talked to the dealer who had the 50 gold Kennedys and he was hyping up the label. I wasn’t interested in his inventory of other coins.

  196. VA Rich says

    cag – I ask because I was really impressed with you gifting those coins to your acquaintances, reminds me of what I used to do not that long ago in my 30’s, that’s powerful stuff, friends/coworkers don’t forget that, ever. And you’ve been quite successful in your career obviously, I’m working BD currently was thinking I’d like to treat you dinner to get your thoughts on some career decisions. Not sure if I can swing Arkansas though at the moment, I’m usually flying major hubs.

    Be cool if we get you, Dusty, GF, Clark and others up here in Baltimore in October. Anyway, just thinking out loud now

  197. VA Rich says

    Clark – glad you kept your orders. Save the eyes and tuck those babies away for a long winters nap until spring. After the last two weeks, I have the UPS driver conditioned to stop at my place, I think all the UPS date and time scribbling on the boxes in contrast to what the order date on the statement enclosed states gives the coins an even more storied past when they arrive at their new home in a couple of years. I know I would like receiving them!

  198. Dave says

    To: VA Bob
    Re: 2009 UHR Eagle
    “Dave – Check your numbers for the UHR. I’m pretty sure it’s a 115,178 final mintage. I would be interested to know where the number you got came from.”

    Ok — I will now try to find the exact source for my reference of the final “Audited” mintage/sales — I might have errored, however, I think not.

    Here is a reference:
    2009 Ultra High Relief Double Eagle Final Sales 115,178

    January 15, 2010 By Coin Update

    The final sales figure of 115,178 represents unaudited sales data and remains subject to final adjustments.

  199. Dave says

    To: “ThePhelps”
    “Does this mean it took about five years for the Mint to do a final auditing of the ’09 UHR?”

    Yes, it did take them a loooooong time.

  200. Pittsburgh P says

    CW it takes two or three days before your credit card is pinged on larger orders… Always-nothin shady about it. My order wad placed at 1:10pm & it was only pinged this morning… They go in order of your order number. The dealers have theirs in hand due to all shadyness they resorted to at the ANA & mint stores not from the fulfillment center.

    Hate to see you cancel if you actually like/want this coin…
    That bein said keep cancelling all! 🙂

  201. Saucexx says

    Brad,

    Silvertowne has PF70 ANA Gold Kennedys for $5k. I just can’t believe anyone would be gullible enough to pay that for a label. The fact you heard a dealer think the ceiling was even higher takes my breath away. The mind reels……

  202. Saucexx says

    Oh correction, it’s one of those “First day” Chicago labels.

    Give me a break, who’s actually buying these things?

  203. MarkH says

    Somebody on one of those home shopping networks (Not Coin Vault-something like AAN….) was claiming one of the Kennedys had gone for 100K and that they (the network) had one with an even MORE special label. The so-called “First Issued”. Oooooh. Aaaaah. They wouldn’t name a price, but the salesman breathlessly mentioned that north of $100K would not be unreasonable and that they would entertain offers over the phone. What if someone issued one with the incredible Tulip Bulb Label?

  204. VA Rich says

    Saucexx – I”m anxiously awaiting to see how long Silvertowne’s stock of those ridiculously jacked coins remains, and how long before the price begins to drop.

    They’re asking at or more than what the ’13 RP Buff ANA’s were selling for.

  205. mark mclean says

    Here is a perfect example of US Mint shady practices. MY wife and I order Kennedy gold, she got in before I did and ordered 2 at 1225pm. I got in and ordered at 1230pm. My order is in process and getting ready to ship. Her order is on hold for review and will not be sent until after mine yet her order number is 1,834 before mine.
    What gives here. I thought it was first come first serve. So they do not fill the orders in order according to your order number. Anyone else seem to have this happen. Will cancel her order since I called and US Mint and they say her order is on hold and will not be sent until its reviewed and mine will be sent sooner. So much for waiting room and ordering first.

  206. Philboy says

    I figure, in a year or two the melt value will be higher than the opening price for the 2014 Kennedy Gold coins. Plus, they are an attractive coin, and 24K gold. So, I am not dumping these coins.

  207. Danny says

    Based on the facts that Kennedy gold coin was so widely distributed, as a result of the household limits, and that the coin has performed so poorly on the secondary market, I would bet almost 50% of mints “sales” will be returned!!!

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