Opening Day JFK Gold Coin Sales Reach 56,694

The United States Mint has provided the first day sales figure for the 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coin. Already exceeding the initial production quantity, orders across all channels have reached 56,694 coins.

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A breakdown of sales by channel was provided as follows:

  • Online/Call Center Sales: 54,825
  • ANA: 493
  • Mint Headquarters: 376
  • Philadelphia: 500
  • Denver: 500

For the start of sales, the Mint had indicated an initial inventory of 40,000 coins produced that would be made available across the various sales channels. After evaluating the first week of sales activity, the Mint indicated that they would make adjustments to its production schedule accordingly.

Ultimately, the coins do not carry a specific mintage limit and will be produced to demand.

In addition to lengthy wait times experienced in the US Mint website’s “online waiting room,” there was a scramble to acquire the limited number of coins that were made available at retail locations. Many readers shared their experiences ordering online or attempting to acquire the coins in person at the four locations in more than 500 comments added to yesterday’s post.

One reader also shared some photos form the ANA convention were an estimated 1,100 people had lined up for a chance to purchase one of the 500 available coins. These have been included in a separate Coin Update article.

It was also reported that the first four 50th Anniversary Kennedy Half Dollar Gold Proof Coins had been sold for $20,000 plus four replacement coins from further down the line.

Also, Professional Coin Grading Service (PCGS) has certified the first six of the gold half dollars. The first coin carries a designation of “1st Coin Sold – Chicago” and was graded PCGS PR70DCAM. The second, third, and fourth coins were also graded PR70DCAM. The fifth and six coins received a grade of PR69DCAM.

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Comments

  1. says

    • cagcrisp north of 125k on 07/10
    • Louis 50k 07/10; +/- 75k 08/01
    • VA Rich 50k +/- 8k 07/10 ; 71,293 07/31
    • Jeff 70k 07/10
    • Stephen m. 150k+ 07/11
    • SilverFan over/under 100k 07/11
    • Sith 60k 07/11; 100k to 120k 07/31
    • VABEACHBUM 07/16 do not think it will either garner the interest or come anywhere close to the 109k
    • Eagle One 40-45k 07/25 —————–Eliminated————–
    • Clark exceed 200k 07/26
    • gary 92,586 07/31
    • thePhelps between 75 and 100k the first week and a total of 125k 07/31
    • Pittsburg P between 88,000 and 110,000 07/31
    • VA Bob 100k +/- 5k 07/31
    • TimTom 70k 07/31
    • Dustyroads 86,500 07/31
    • GoldFishin 66,532 – 73,185 07/31
    • A Bob 100,000 07/31
    • Longarm 70k 08/01
    • bg35765 75,920 08/01
    • zeeman 75,000 08/03

  2. gary says

    NOW it will be interesting to see just how hot & heavy the demand will be in Chicago today and on days 3 and 4. I’m guessing that there will be fewer and fewer warm bodies paid to buy these for the Big Boys in their hotel room operations! We’ll see!

  3. gary says

    BTW- I thawt the Mint was sold out of 500 at the show. Sales show 493! Did seven of ’em grow legs or somethin’! LOL

  4. gary says

    @Steve… spot on! I wouldn’t be surprised if there were an easy 10-15K in cancellations at the Mint by Friday as those orders received much after the 35K sales just won’t make the cutoff for that stupid first strike label & plastic.

  5. VA Bob says

    If memory serves me correctly the RP Buff sold around half the mintage the first day. Should be interesting.

  6. says

    Steve,

    Yes, the cancellation data will be extremely interesting, to say the least. It will also be worth seeing how much sales continue now after the crazed dash to “first strike” on day one.

  7. says

    @longarm, I don’t know what your Problem is but the information you are putting out about the Gold BHOF coins is just Not Accurate or Correct…

    You seem to be New to this Blog and if your intentions is to Try to put out false information to try to get something at a better price, then you need to move on…

    This blog is Helpful to others. Even though we may have different opinions, we do Not put out False or Misleading Information

  8. VA Bob says

    If you compare PCGS and NGC population reports to actual mintages, of even modern coins, I believe the label chasers come out on the low end. Sure there will be lots of flippers (OGP and slabs), but it’s to early to know. It took a little bit for the BHoF frenzy to spool up, so will it for the JFK gold. It probably won’t last as long or garner as big amount of bucks, but the flipper money will still be there. Too many eBay buyers with too much money to spend. Plus you’re always going to have the folks that want a graded PF70 and won’t want to take the chance they will get one from the Mint on their own. We’ll know a lot more next week.

    I still stand by my comment that I don’t believe any quantity will ship this week. I’d be incredibly surprised if they did as it would be unprecedented even for in stock items.

  9. VA Rich says

    VA Bob – you bring up a good point (regarding RP Buff 1st days sales), so I had to go and check –

    1st day represented 44% of total sales
    Monday following total: 52%
    1st week out: 64%

    So yes indeed, this will be very interesting and if past trends are indicative of future returns.., then I’m WAY OFF on my guesstimate. Time will tell

  10. mark says

    Baseball frenzy took a while to heat up….thats because everyone thought they were getting there coins soon. But after all the delays in shipping, the exclusive first strike label deadline was fast aapproaching. They never announced how many they had ready to go out the door. Hell, I sold all my gold ogp bhof to goldmart for $1100. The bay is going to flooded with first strike eligible gold kennedys. Thats why so far no offers to buy from the dealers .

  11. VA Rich says

    Clad sets shipped in 4 days. Released on the 24th, shipped on the 30th. So perhaps Friday or Monday at the earliest (?)

  12. joseph says

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

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

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

  13. VA Bob says

    VA Rich lots of variables (for instance the RP Buff’s cost more) in play, but I thinks it’s lots of funny to get everyone’s reading of the tea leaves. Will we ever get down to a science? Probably not, but at least a good time will be had by all.

  14. Laurence Ramos says

    I went to Chicago from MI trying to get a coin but couldn’t because they were sold out by 0800 on the very first day. Some dealers are paying bus loads of people 1000 to stand in line all week for them. then they give them the money to buy the coin before they get to the counter. Why can’t the US mint make sure that everyone in line has a USmint account. And they are buying ONLY the limit at the coin show? The US mint ignores the limit that they imposed and we the people get shafted by the greedy dealers. All I got for my troubles and coin collection was two sets of Kennedy clads.

  15. gary says

    Yup, gotta believe there are lotsa 1st day online buyers with one finger on the “Cancel Order” button and one foot on a banana peel.

  16. joseph says

    This is great news! I like that number, 56,694. I decide to put more money in the stock market till the end of the year. next year or year 2016, I will buy it from ebay with a price tag of the gold spot at that time.

    Cheers

  17. mark says

    Sounds pretty shady…first 4 coins (that silvertowne paid $5000 each) grade a 70. But then the next two (poor average collector) grade 69. Boycott silvertowne and pcgs.

  18. Ikaika says

    It will be interesting to see what kind of return these dealers will get when their coins start hitting the market.

  19. Jon in CT says

    Laurence Ramos wrote on August 6, 2014 at 1:31 PM:

    I went to Chicago from MI trying to get a coin but couldn’t because they were sold out by 0800 on the very first day. Some dealers are paying bus loads of people 1000 to stand in line all week for them. then they give them the money to buy the coin before they get to the counter. Why can’t the US mint make sure that everyone in line has a USmint account?

    Your idea about requiring a pre-existing account with the Mint is excellent and also requiring X number of purchases via that account in the past year would be even better. But, as you’ve probably figured out by now, the Mint is apparently operated by IDIOTS who don’t have the first clue about how the real world (i.e. the one outside of government) works.

  20. VA Bob says

    VA Rich – The Mint has been known to ship on Saturdays. I ordered my clads at 12:05 on the 24th they shipped on the 30th (5 business days) and I got them on Aug 4, though I believe one poster got theirs on the 1st with expedited shipping. It stands to reason all gold JFK’s will be complimentary expedited shipping so if the clad was any indicator to shipping speed, seven days for the gold JFK to get in the early buyers hands should be about right.

  21. ABC says

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

  22. VA Bob says

    Well if the big dealers are getting ANA memberships for those standing in line for them, surely they won’t mind getting them a Mint account. Probably having a Mint account 30 days or more would be better with at least one or more purchases on it would work, but I don’t believe the Mint would want the hassle to look up that information for each purchase. Besides, as someone that fully supports capitalism (not corporatism), and as distasteful this practice is, it goes against my free market beliefs.

  23. Boz says

    I did not see any gold offered on Coin Vault early in their show last night, but I must admit to giving up early. The do have clads with the idiotic labels for 100 times the mint price.

    One of the TV shopping channels had the gold nominally priced at $1900, but there was a “call for actual lower price” posted on screen. Theydid not indicate one way or the other about actual shipping date.

    I tune into these shows to get free entertainment rather than to buy. But typically I do learn things which us also nice if you can cut through the hype. Some of these show hosts are actually faily well versed.

    Yes I also wondered why DC was unable to sell their quota yesterday and why Chicago came up 7 short.

  24. VA Bob says

    ABC – IMO the Kennedy family can afford to buy their own. No government feebies. lol

  25. VA Bob says

    Boz – I usually stop on the Coin Vault for 5 mins. while changing channels. I like to see what they are selling items for… and what people will pay for said items. Amazing.

  26. VaBeachEd says

    ABC,

    The Mint keeps the “First and the Last Coin Minted” of each type coin struck.

    Mint News Blog will provide full coverage of the release next week!

    Real, Actual First Strike Coins

    As a final point of interest, the West Point Mint retains the first and last strikes for each coin the facility produces. Shown above is a display of the literal First Strikes of some of this year’s coins.

    http://mintnewsblog.com/2014/08/producing-24-karat-gold-and-reverse-proof-silver-kennedy-half-dollars/

  27. gatortreke says

    VA Rich – The Mint has been known to ship on Saturdays. I ordered my clads at 12:05 on the 24th they shipped on the 30th (5 business days) and I got them on Aug 4, though I believe one poster got theirs on the 1st with expedited shipping. It stands to reason all gold JFK’s will be complimentary expedited shipping so if the clad was any indicator to shipping speed, seven days for the gold JFK to get in the early buyers hands should be about right.

    I ordered the clad Kennedy’s at 12:11 pm on the 24th and mine arrived last Friday, August 1 with regular shipping. For once the USPS was quick as lightening with one of my orders.

    @ Louis: Thanks for the heads up on the Orion!!

  28. Levi says

    So given the 54K sales online yesterday, will the Mint likely order 20K more planchets bringing total mintage to 60K? What are your thoughts where this goes now?

  29. VA Bob says

    Gatortreke – They used that FedEx Smart Post for me, which seems to take longer than if they sent it right from USPS to begin with.

  30. VaBeachEd says

    Boz says

    August 6, 2014 at 1:51 pm

    I did not see any gold offered on Coin Vault early in their show last night, but I must admit to giving up early. The do have clads with the idiotic labels for 100 times the mint price.

    One of the TV shopping channels had the gold nominally priced at $1900, but there was a “call for actual lower price” posted on screen. Theydid not indicate one way or the other about actual shipping date.

    I tune into these shows to get free entertainment rather than to buy. But typically I do learn things which us also nice if you can cut through the hype. Some of these show hosts are actually faily well versed.

    Yes I also wondered why DC was unable to sell their quota yesterday and why Chicago came up 7 short.

    I usually record it so I can fast forward what I do not want to see.

    I read some where this morning, that they had a few ANA Kennedy ‘s returned, so I guess they went into the reject stock and they received a replacement.

  31. VA Bob says

    Levi – I believe they will wait a week to see how it’s trending before they order the planchets.

  32. says

    Cagcrisp,

    I see that only one contestant has been eliminated in the Kennedy gold mintage guesstimate game. That means that twenty contestants are still in the running for the free gold Kennedy that you are awarding.

    (Just kidding)

  33. VaBeachEd says

    BOZ,

    My post seemed to run with your post I reposted. Here are my comments to your post.

    I usually record it so I can fast forward what I do not want to see.

    I read some where this morning, that they had a few ANA Kennedy ‘s returned, so I guess they went into the reject stock and they received a replacement

  34. gatortreke says

    @ VA Bob: Mine was also shipped Fed-Ex Smartpost. The estimated delivery date was Monday, 8/4 but inexplicably it arrived on Friday, 8/1. I’m not complaining but I was surprised.

  35. Bob R says

    As long as there are customers buying these from the mint they continue to produce and sell, we will be shoveling snow before the mint stops sales. That is exactly the mints policy on this coin, too satisfy customer demand.

  36. Larry says

    It is interesting, all this talk about the insanity at the ANA show, the Denver and Philly mints, when people were able to get in online, ebay auctions etc… But nobody, except a very few, are focusing on the actual coin! So I will ask again, if you have actually seen the coin, what do you think? Is it worth all this madness?
    I just hope the mint learns something from all this. I think the mint should just display the coins at the ANA show. With no mintage or time limit (at least so far), anyone who wants one will get one. Heck, look at what the mint sold the first day. The vast majority was sold online. Just selling them online would have eliminated all this nonsense, and obviously made just as much money for the mint.
    As it is now, any dingbat can see selling coins at the ANA show for the most part benefits flippers and dealers, not so much the average collector, and turns the whole thing into a circus.

  37. Sith says

    I for one don’t expect that many cancellations. The wait room died down real quick once the ship date when from 8/5/14 to 8/19/14. As far as fleabay all the coins seem to be pre-sale in OGP….hello.

  38. VaBeachEd says

    Bob R

    I think the Mint received too many complaints on the BHOF Gold coins where people had confirmed orders with shipping dates (that kept changing, like normal) and after 3 months of waiting, then they gave you a “SOLD OUT” notice. I went through 3 mint people 2 up the line, then I demanded to speak to the department head boss and was forwarded to his “VOICE MAIL” which I left a polite but stern message and to be contacted by him……….I am still waiting.
    Just in case I did buy a set of gold BHOF early on ebay in the mid $500 range each. I also was lucky enough to put together a complete 6 coin matching set of Gold, Silver and Clad set, Graded First Strike, Flag Label, PCGS 70’s.
    I got 2 Kennedy within the first 8 minutes and the way they are going I hope to pick up a FS Flage Label PCGS 70 for a fair price, when the dust settles.

  39. longarm says

    I bought some of the bhof young collectors sets to pass out to some of the neighborhood kids and they really seem to like them.

  40. mgm says

    My order was moved back for my 2014 BASEBALL HOF GOLD UNC

    1 unit backordered. Expected to ship on 08/31/2014 from 08/10/2014

    Order number: 429696xx

    Order Date: 03/28/2014 at 08:21 AM

    I’m still hold in…

  41. Dave says

    Gotta wonder who is footing the bill for all the additional security around the ” ticketing” , line jumping, door entry, etc.? May not be a ” Circus COIN” , but certainly a circus atmosphere! I am staying away from this coin for now. I will buy it if I can get it for a small premium over melt down the road.

    My greatest hope is that those who paid the line- waiters get THOROUGHLY burned on their endeavor to flip the labels. A truly negative experience for them MIGHT stop the shenanigans.

  42. Chibi says

    My clads shipped on 7/30, with an anticipated delivery of 8/4. We’ll, 8/4 came & went. FedEx now show delivery as 8/18. They should have used USPS. ;(

  43. says

    @Hawkster, I thought about Offering the Silver 4 coin set as a Prize but (1) I did not know how Michael would think about that (2) I don’t know how to send Michael a private message and doing it here would defeat the process and (3) I am a gambler, and I went High on the contest and if I am wrong on the Low side then the $99.99 that I would lose would be worth it to me….

    Now if Clark wins…………………………I’m in trouble………………..

  44. Dave says

    @ Longarm
    Got my HOF YoungCollector Sets yesterday and WOW , they areMUCH NICER coins than the Unc I got on my 3/27 order! Flawless and near proof like quality. The rotating coin display is also very cool. Took them to poker last night and all the guys were impressed. “where did get those? How much? Can I still get one ?”
    So the market is still open for new buyers of the HOF.

  45. Louis says

    @CC- Michael has your e-mail as part of registering for the blog, so you could just post a note asking him to contact you. Not that I am trying to encourage you to give a prize or anything!

  46. Louis says

    FYI- my last baseball dollar (after I cancelled a couple) was really excellent quality.

  47. joseph says

    Larry,

    you have a good point. why do we work everyday? what do we get from hard work? the answer is US $(aka Money). unfortunately it is just a piece of paper or maybe a number in electronic system. why everyone is crazy on this kind of paper? the same thing here for JFK gold, it doesn’t matter how good the coin it is, most ppl buy it for profits. They don’t care if it is a coin or a piece of paper, as long as they can profit from it. look at wall street, you think they trade some meaningful physical stuff? hell no… but one thing is for sure, they have to take the risk of a LOSS same here for those flippers. LOL maybe that’s the beauty of it.

  48. VABEACHBUM says

    @ cagcrisp – thanks for jumping in the “Way Back Machine” to recapture all the previous predictions. The context of mine was the 109K final mintage of the 2009 UHR.

    Reiterating the thoughts of VA Bob, VA Rich, Capt Overkill and others, I also believe that 40% of that first day sales surge represents attempts to capture one of the available 40K specifically for the “label and flip.” Of the nearly 17k over the initial mintage, I would expect 5K of those to cancel within the next 30 days, while the total sales will eventually flatten out between 70 & 75K.

    If the Mint is intent on the “Mint to Demand” scenario for this coin, and they start to see sales demand taper sharply over successive days, I could see them ending sales without notice and prior to 30 full days of availability. Not like they’ve held true to their word with all of their previous products!!

  49. Louis says

    The Mint never announced 30-days of availability for the JFK gold, only that they would assess things after the first week. I really doubt they want to spend months making more and dealing with more complaints. I am sticking with my 75K prediction esp. with these odd, 3/4 oz planchets that are not standard size.

  50. joe says

    I had to return two of my BHOF silver coins, but the rest were great! The Mint was very slow on shipping the silvers, but overall the quality was great.

    This coin definitely isn’t a BHOF gold coin in the frenzy sense… Kennedy is now over 56K and climbing; the BHOF coin mintage was limited to 50K across all options. I can easily see Kennedy exceeding 75K and perhaps even 100K if it’s left for sale through the year’s end. Flip fast if you plan to do it…otherwise, you will get to hold’em for a while.

    Personally, I’ve always liked half dollars because of their size/weight and their reverse. The gold version is very nice; however, I wouldn’t pay more than the Mint’s currently asking…ever.

  51. GMS says

    For those who are interested the lines were just as bad today if not worse. They are letting the same people go through the line day after day so you can come out of here with 5 apparently. Several blocks of buyers are present but the mint personnel seem to be able to do little since their buyers all have credentials. One large dealer claimed to have snagged 72 coins the first day. So the mule buyers are becoming very tired and short tempered, can’t wait until tomorrow lol.

  52. joe says

    Great point Louis – I had forgot about the 3/4 ounce planchets. Just the rarity of 3/4 ounce coins (are there any others?) makes me glad I picked one up. Very unique.

  53. Bob R says

    Just spoke with a mint CS on an unrelated issue, but I asked if the Kennedy golds are still selling and she said the phone orders today seems as strong as yesterday.

  54. thePhelps says

    I wouldn’t worry about hte odd size planchets. I’d suspect the mint has already started on the next 40,000 coins. Unlike many other offerings that involve mixed metals – this one can quickly be returned to gold bullion and used elsewhere at minimal expense.

  55. Small time collector says

    I’ve been a long time viewer here, never posted. Got involved in mint offerings for several years in the early 90’s, then a hiatus until I started investing in the buffalo proofs when they came out, another hiatus after the uhr st gaudens and another hiatus till this offering.
    I got burned in the mints fifo fiasco of the iirc 2009 buffalo. Yesterday I got in line (on-line) just before these went on sale and then saw my clock tick upward for 20 min additional wait (from 1:02 to 1:22), and then a quick drop to 50 some minutes, then a regular count-down. I attributed the drop to people saying the heck with the wait.
    Now the order process, after logging into my account had trouble updating my credit card info (new expiration date) and when I finally got confirmation at about 1:22 after sales started. (order 4371xxxx) and I believe it said held/back-ordered but a ship date of 8/5/14. Today it’s showing on hold, in stock and reserved with no ship date.
    I’m going to guess my order was close to cutoff and also some above me cancelled resulting in the held in stock status awaiting my credit card running. All in all I’m satisfied, I think it’s a shame what the re-sellers are doing. I just like to buy a couple coins every year for my dollar cost averaging. Only wish I had bought a few more of the 08 buffalo’s. Being a small guy my budget is small and I’ll just chug along, sometimes frustrated by the ordering process…

  56. VA Rich says

    I agree with Louis, don’t see this dragging on for too long. Louis is our coin master sensei.., I’m just the newbie that’s going to put a little math to it –

    The mint premium is ~$265 at the moment on these coins. The mint states in the annual report that their AVERAGE net margin on numismatic coins is 15%.

    Therefore, let’s ballpark what their take is thus far and assume a 20% net margin –

    $265 x 40,000 in sales = $10.6M gross profit, @ 20% margin = $2.1M
    $265 x 56,000 in sales = $14.1M gross profit, @ 20% margin = $2.95M

    Every 1,000 units sold is $265k gross or $53,000 profit. That $53k profit comes at an opportunity cost when ‘W’ needs to be cranking out Reserve Proof Kennedy’s and what’s left in the hopper for the year.

    Therefore mathematically, when weekly sales get 1,000, management must ask, what’s the opportunity cost of generating $53,000 of profit when I may be running a backlog or need to get 2015 Eagles out in a few months. We’ll never know what that point of capitol utilization is, but rest assured, the mint’s made it’s money and probably looking to downshift to some other production in the coming month – my two cents for what’s worth.

    Happy collecting! 🙂

  57. Tinto says

    I hope the Mint will now end the JFK series …. unless they have a smarta** insider pushing for an RP Gold Kennedy …

    For me the JFK silver sets will be enough ..

  58. says

    Larry,

    I’ve only seen one person so far who has a coin in hand. It was a commenter on another website who managed to get through the retail counter lines in (I think) DC and gave considerable praise to the piece.

    I, for one, cannot wait to get mine in hand. I’ve been excited about this product since the topic first came up late last year!

  59. says

    If you look at the pictures that were previously posted by Michael when he toured the West Point Mint you can see that this is Not a traditional coin offering. Much much too labor intensive. Looking at the picture I would surmise that most of these people that are packaging the Gold Kennedy have various other jobs (maybe supervisors) and for the Day that they do the Gold Kennedy this is their new found home. How many Golds are struck when this happens and how ofter do they strike these coins? That is the ????????
    The Gold Kennedy has to be a Mint Success and as long as they Sell X numbers of coins per day or per week then the ‘customer demand’ motto will stick. Only the Mint knows what this X number of coins is. I do Not think they will turn a Very Successful launch of the Gold Kennedy into some dribble of coins Sales that continues for Weeks or Months…
    The Mint Has to have a Major Success outside the 2009 UHR on the Gold side. IF I was the Mint I would much rather market a 2015 UHR Gold coin with the backing of a successful launch of Both the 2009 UHR and the 2014 Gold Kennedy than just saying “We are a one trick pony and the only Gold coin we can mint, promote, sale and have a secondary market for is a UHR”. They need Success.
    The Gold Kennedy Initial sales were much Stronger than Most suggested, and it will End before Most suggest…

  60. Levi says

    cagcrisp says
    The Gold Kennedy Initial sales were much Stronger than Most suggested, and it will End before Most suggest…

    Yes, I hope they don’t let it drag on for months.
    Same goes for the silver sets when thy come out. Give everyone a chance to buy when they are released, but buyers should have to move on them quickly. You snooze you lose.

  61. joe says

    @longarm – that coin doesn’t look like MS70 coin. There’s a score that goes just inside the rim on the right obverse side of the coin. I returned two of those for replacements. Another reason that TPG grades don’t mean everything. That said, the seller lost money on that one.

  62. joe says

    Good catch @Vinodh. I didn’t see the forest through the trees; only saw the scoring that brought it to a 69.

  63. SLinNJ says

    Longarm…what time did you get your order in? Mine still says hold…and mine was at 12:02.

  64. says

    Currently I have logged Sales Date and $$ Amount for 1,009 OGP 2014 BHOF Golds and 2,644 OGP 2014 BHOF Silvers on an excel spreadsheet.

    The BHOF Golds are NOT trending Down but the Silvers Are trending Down because So Many Flippers bought Multiple orders and are ‘dumping them’ into the sales pool because Chicken Little’s are saying the Sky is Falling.

    Once All Silvers have shipped and Once Flippers are out of the way then the Silver will trend back Upwards JUST as the OGP Golds have done…

    JMHO………………geez…

  65. longarm says

    SlinNJ I got my first order in at 12:13 #437046xx, now the mint says on hold again.

    Sorry, I was going by the title that said ms70 and I just don’t get the fascination with the BHOF coins. I honestly think that the price will drop like a rock when the novelty wears off.

  66. says

    cagcrisp,

    Just wanted to comment I really appreciate you giving us the skinny on where sales and such are going for various hot products like the BHoFs. It’s a huge help when trying to gauge at the relative value of my purchases.

  67. CW says

    @Jon in CT , in the REAL world you don’t have to register to buy something generally. Kudos to the mint director for figuring out how to turn a profit (a rare breed in the Federal government). Anyone who wanted one could buy one yesterday (e.g. the internet). There is no controversy here.

  68. longarm says

    Now my second order which was 12:15 #437049xx says in process, but my first order says on hold.

  69. gbotz says

    Mine also remains “on hold” while being “IS&R.” My order completed at 1:25 PM.

  70. says

    Since the Low for the 2014 BHOF Golds here are the Daily sales Averages for OGP. This is a total of 189 Golds:
    07/18/14 $595.50
    07/19/14 $596.37
    07/20/14 $598.08
    07/21/14 $593.13
    07/22/14 $605.63
    07/23/14 $621.57
    07/24/14 $635.95
    07/25/14 $681.70*
    07/26/14 $646.62
    07/27/14 $633.20
    07/28/14 $642.79
    07/29/14 $674.31
    07/30/14 $658.09
    07/31/14 $649.62
    08/01/14 $769.86**
    08/02/14 $645.79
    08/03/14 $653.01
    08/04/14 $653.64

    *skewed by 2 sales for 6 coins sets and estimated $800.00 for Golds
    **skewed by a $998.00 Buy It Now Sale

  71. Dave says

    Last silver HOF today…..agree w/ poster who said proof fields purer than Philly mint or 3/27 order. They must have tweaked the process nicely!

  72. longarm says

    Yeah, they dinged my cc for the first one, right at 4 pm but not the second one yet.

  73. GoldFishin says

    @longarm – like Cagcrisp has said….if you don’t have numbers to back up what you are saying about the HOF coins…..how about limiting your posts bashing them. This is not the Huff Post where folks get paid to blog BS. We get the picture…you don’t like the coins for whatever reason…but most everyone here has made very good returns on the coins and many of us are holding Gold and Silver HOF’s that were graded 70 FS/ER’s and we are not hurting at all.
    Anybody can pull out some kind of obscure auction and try to make a case to match their position, but Cagcrisp and others here, including myself have followed these coins statistically since the opening day of sales and what you are saying just simply is not accurate and misleading. Yes, the silver coins in OGP are depressed right now because of all the oversupply coming in right now, but try finding a PCGS silver First Stirke pr70 for $65, it will cost you more like $200. OGP gold are still returning over 50% as of today, not a bad return for most everyone here that bought them.
    Most everyone here does not mind diversity of thought, in fact, that is what makes this blog appealing. I like all the differing opinions and it is how we get a sense for what issues will really be winners and which ones will not. It is how we all learn…but your comments about the HOF coins are neither instructive nor informative and factually bankrupt.
    Aside from your HOF rant…I think your other posts have been informative and relevant and have enjoyed reading them. I apologize in advance if this comes off too strong…not really meant to be.

  74. longarm says

    I truly apologize if I offended any with my opinion and I will not say any more about bhofs.

  75. GoldFishin says

    @long arm …..my 12:29 JFK order still “on hold” …looks like you will definitely make the first wave of shipments. Mine…maybe not. CC has not been hit at all. I called to make sure everything was ok, customer rep said yes.

  76. gary says

    My single Kennedy gold, ordered 12:26, shows as “in stock and reserved”. Given how the Mint handled the BHOFs with shipping dates that flip-flopped like crazy for days, weeks & months, I’m still not certain it will ship in the 1st wave of shipments. Probably those that had big orders for the max. 5 will get shipped first. Hope not.

  77. Larry says

    Seems so far I am only one here that has actually gone to the ANA show. If you can, you should go, if nothing else to see the reverse proof silver Kennedy. I am telling you, that one is going to be THE coin to have. Just hoping someone else on this blog has seen it for a second opinion.

  78. Hidalgo says

    @GoldFishin – I’m not sure why you’re in a rush to get your gold Kennedy half dollar unless you want to flip it or have it graded with a First Strike label. The gold coin will be “minted to demand,” so it won’t matter if you order on day one or on the last day of sales.

    I ordered my gold Kennedy half yesterday, at 2:12 PM. By that time, there was no “Waiting Room,” at least not for me. My coin is backordered, but is expected to ship on August 20th — well within the 30 days after the US Mint offered the coin for sale.

  79. Jon in CT says

    VA Rich wrote on August 6, 2014 at 6:18 PM:

    Thanks cag & GF – creditability & consistency, here here!

    In the unlikely event where you must write something intended for very important people, you might consider using standardized spelling for “credibility” and “hear, hear!”

  80. VA Rich says

    Dude – are you back? Is it a Gin night? Or did someone accidentally kick your cat?

  81. GoldFishin says

    @Hildago- yes like you I do intend to keep a JFK in 70 grade, but I like to control my own destiny and hand select the coin(s) that I submit for grading so I am happy with it. I will submit at least 3, if I get 3 out of 5 that are nice enough. I may sell off the others or return them if they deserve to be returned.

  82. fmtransmitter says

    VA Rich says

    August 6, 2014 at 6:28 pm

    Dude – are you back? Is it a Gin night? Or did someone accidentally kick your cat?

    Ignore that IDIOT bro…

  83. Pittsburgh P says

    Well said GF…

    VaRich how Jon forget his list of misspellings and improper punctuation so soon to bash others. It’s quite amusing now to be honest.

    Hildago, I have said it before & I’ll say it again. Some people like to get the coins the buy fairly quickly. I hope to get mine in the first wave but may not. I do feel I at least got in the first 40,000… Idk if the quality will be better but don’t want to chance it in case. If you didn’t you will be waiting months imo even if it says Aug 20th and if your in the third wave much longer guaranteed. Some aren’t as patient as you that doesn’t make them a label chaser or flipper. I can’t speak for GF or anyone else but know I am not, I got them for me & I’d like em this month.

  84. simon says

    VA Rich -> Jon in CT says -> FM : did someone accidentally kick your cat?

    Oy Vey ! ( Woe is Me ! for English Majors )

    This back and forth reminds me of my college studies of Schrödinger’s cat or
    more appropriately for this forum : Schrödinger’s coin (is it a 69 or 70 ?)
    in a USMint-sealed box awaiting TPG judgement and labels.

  85. sharks2th says

    @VARich I only had two orders on the bhof silver uncs and proofs, 3/27 & 4/5. It seems like some others received the more polished uncs as well from the comments I’ve seen. I looked at them more closely with the loop and they do have the laser etching, but they sure are shiny, even more so than the 3/27 order.

    I’m curious as to how the quality of the next batch of proofs will turn out. One in my first order had some marks from the strike process around the outer fields but I decided to keep it.

  86. Sith says

    Actually for once I learned something from the Spelling Nazi, I have been using here, here! for years, instead of hear, hear!

  87. Pittsburgh P says

    Cag I’ve been attacked so there goes that theory… Hypothesis if you want to get teknical.

    (catch the misspelling Jon?)

  88. AkBob says

    My expected ship date for 7 – Proof BHOF $5 Gold has been moved out to 8/31 like someone else posted on their Unc version earlier. It had been at 8/10 for several weeks till now. Ugh:(((( Better late than never though:)))))

  89. GoldFishin says

    @Sith – in German it would be “horen horen” I think……better stick to “hear hear”! 🙂

  90. sharks2th says

    VARich – Did you go downtown to get a gold Kennedy? I see where they apparently did not sell the entire allotment yesterday in DC. I’m waiting for a hopeful price drop, but since gold went back up over 1300 today I may have to order before the next price evaluation next week unless they start going for less than issue price on the bay.

  91. Steve says

    I’m seriously considering canceling both my coins. I’m just not feeling good about this issue. I may one down the road from the secondary market.

  92. GoldFishin says

    @Steve – I wouldn’t panic…..you can always send them back and get your money back and shipping costs if you keep your receipt. People have been burnt buying presales and they are hesitate to buy until a seller has them in hand. There will more than likely be a price increase next week so you will already own them at a discount. You have plenty more time to see some results come in and make an informed decision.. that is what I am doing.

  93. Jon in CT says

    Steve wrote on August 6, 2014 at 7:46 PM :

    I’m seriously considering canceling both my coins. I’m just not feeling good about this issue.

    Somebody needs to go up there and talk him off the ledge, but of course the crowd is chanting “Jump! Jump!”

  94. Salacious Crumb says

    Shocking! The first 4 coins for $20k graded PR70DCAM. I would never have guessed that.

  95. mark says

    New label…first coin graded. This is starting to follow the slow death of baseball cards.

  96. Bob R says

    I do enjoy Jon’s comments, grammar corrections, and sometimes satire humor.
    Somebody needs to go up there and talk him off the ledge, but of course the crowd is chanting “Jump! Jump!”
    Well I yell “jump” too, just to see if he has the guts.

  97. grampa dave says

    Had to cancel my gold Kennedy. Can’t even begin to afford it.. Will wait till the silver set comes… I hope to be the first to order…

    Good luck

  98. Pittsburgh P says

    Grampa dave why did you order if you couldn’t afford it? Just wondering… Good luck with the silver set, gonna be a virtual fight to get in the front of the online waiting room line. I’m thinking about switching to firefox from IE. Seems like people have been getting shorter wait times with it & logging on at noon instead of getting in earlier.

  99. says

    Looking through some of the Sales on the bay for Gold Kennedy and I’ve only looked at a few and have already found 2 that were Retracted

  100. mark says

    Just cancelled my ISAR 12:46 ET order for 2 gold Kennedys….will put my $2480.00 into the silver sets. Was going to flip one and keep one, but then remembered how much I hate selling high dollar coins on the bay. Will buy one to keep (maybe) later.

  101. Jon in CT says

    Pittsburgh P wrote on August 6, 2014 at 8:27 PM:

    Good luck with the silver set, gonna be a virtual fight to get in the front of the online waiting room line. I’m thinking about switching to firefox from IE. Seems like people have been getting shorter wait times with it & logging on at noon instead of getting in earlier.

    The best/fastest browser these days is Chrome, but that question is moot since the Mint will never again use the so-called “waiting room” to moderate web traffic to its catalog ordering pages.

  102. Bob R says

    @Pittsburgh P I have used firefox for years, the only way to go…IE went away with Prodigy and the dinosaurs.

  103. Skidtrek says

    Cancelled my 5 sets today. Someone just got bumped up to the 40K! I was going to flip these. But started to feel that the risk was too great.

  104. Phil says

    All the Kennedy half variants coming out this year for the 50th anniversary would be a good “grand finale” for this design. It’s high time this coin and the Roosevelt dime were completely redesigned. Time to reintroduce lady liberty on coins again, and a new dime and half dollar would be a great place to start.

  105. VaBeachSteve says

    Why do I get the feeling there are going to be A LOT of cancellations today. I would not be surprised if it topped 5,000 today.

  106. Jon in CT says

    GMS wrote on August 6, 2014 at 9:00 PM:

    Larry, I’m at the show and have been here since Monday.

    Yeah, we get it — both you and Larry are at the show and are special. Have fun. 🙄

  107. Zaz says

    Does anybody think 56,694 is too many for a coin costing well over $1K. Assuming that most of these will be shipped throughout October and possibly into November, the chances of buyer’s remorse and the looming expenses for holiday 2014 *might* mean a glut of these coins mid 4thQ. Gold half dollar starting to look trend like ’12, ’13 ASE sets and RP Buff? I don’t think it has any comparison to the UHR, which remains a unique one-off. Compare the gold sales to the mintage of the ’98 matte proof. 56,694 vs. 62,000 and the matte proof/silver dollar combo was $50…and the writing is kind of on the wall. A good proportion of the buyers are probably the collectors/flippers that got shut out on the gold BHOF coins and are hoping lightning strikes twice in a year??

  108. Jon in CT says

    Zaz wrote on August 6, 2014 at 9:50 PM:

    Does anybody think 56,694 is too many for a coin costing well over $1K. Assuming that most of these will be shipped throughout October and possibly into November, the chances of buyer’s remorse and the looming expenses for holiday 2014 *might* mean a glut of these coins mid 4thQ. Gold half dollar starting to look trend like ’12, ’13 ASE sets and RP Buff? I don’t think it has any comparison to the UHR, which remains a unique one-off.

    The bulk of the 56,964 JFK gold coins ordered yesterday will be shipped within the next two weeks. And the JFK gold coin is extremely unique and is definitely a one-off — the US Mint has never before issued a 3/4 ounce gold coin, much less one in 24K .9999 fine gold. So each of your premises is wrong, but thanks for playing the game.

  109. mark says

    The early bhof are going to be the flip of the year. Not so for these gold Kennedys. Maybe the silver kennedy sets, unless they announce they have 100,000 sets ready to go. I bet they wont let the cat out of the bag next time

  110. Bob R says

    @Jon in Ct “The bulk of the 56,964 JFK gold coins ordered yesterday will be shipped within the next two weeks. And the JFK gold coin is extremely unique and is definitely a one-off” Correction “a one-of”

  111. Steve says

    Seems like the early success flipping the BHOF coins have brought a bunch of new flippers into the mix thinking they’re going to cash in big on the Kennedy gold. This might scare many of them away after they lose their shirt unless they cancel. For obvious reasons:

    1. BHOF was 1/3 of the price
    2. Max mintage 50,000
    3. The mint’s shipping debacle

    I bet most of these flippers haven’t got a clue about numismatics and coin commemoratives in general.

  112. Pittsburgh P says

    Wow Jon is on a roll tonight! Didn’t know they were doing away with the “waiting room” with the switch over though. Can you give me one of your famous links so I can read about it?

    Bob R thanks for the tip… Guess I’m ancient by still using IE. Will definitely try either Firefox or Chrome. I have Chrome downloaded on my computer just haven’t utilized it…

  113. longarm says

    @Jon in CT 100%
    all these people who can’t afford a gold jfk have the silvers to look forward to, just quit your whining

  114. Zaz says

    @Jon/CT: now I see why you’re so reviled on this blog. Thanks for sharing your opinion, but not gonna get into a flame war with the likes of bigoted ignoramuses like you. ‘Nuff said.

  115. Bob R says

    @Pittsburgh P I highly recommend Firefox over Chrome, try both of them on a test drive, most people I know like Firefox, over IE or Chrome.

  116. Pittsburgh P says

  117. Pittsburgh P says

    Thanks Bob R I will do that…

    Zaz & Longarm I’ve found that it is best to ignore Jon in CT or laugh AT him. He does it for reactions or is lonely no one knows…

    Don’t know if my last post is underlined and looking like a link of some sort. It is for me but wasn’t intended…

  118. Gary S says

    Its all fun and games until an old fart breaks a hip.
    A lot of online tough guys..too funny!

  119. Pittsburgh P says

    Bob R we probably graduated in the same class, I may have made Keendegarden though-no worries just didn’t feel like hearing it from him.

  120. Pittsburgh P says

    @Sith funny, get the point. I am on the stone ages with IE… Couldn’t get the second link to work.

  121. sharks2th says

    122 listings for the K gold have ended with no sale one day after release on the bay. 18 of these listings were for 5 coins, one was for 4, one for 3 and the rest singles. Of ~171 current listings only 11 have bids on them. Maybe people are realizing they can buy directly from the mint cheaper than from the flippers. It looks like having a ready supply to ship on opening day is killing the flipping business, pun intended. The would seem to benefit collectors over the flippers.

  122. JSM says

    The mint shipping coins quickly makes flipping a lot more difficult for sure. If you were planning to pay your credit card bill with your profits, its probably best to exit now.

  123. Bob R says

    Back to the topic, IMO the mint will produce and sell well over 100k of these golds, all the way to the new year.
    This is the coin of the year for the mint, the HOF coins are just a commemorative type coin in their mind set.

    Remember the JFK gold is not a circus coin as far as the mint is concerned, it is the flagship of 2014, the 50th year of this half. That is a BIG DEAL for the US Government and the Mint.

    I feel they will keep their word and produce them until all the demand is consumed. That is the mint’s business. The mint understands and knows this is a coin for history, and not for a few collectors trying to make a quick buck. Everyone is guessing numbers, well it will be demand, what is the demand will be the mintage.

    I will order mine 12/15/2014 for Christmas gifts…maybe I am wrong but that is how I see it.
    Many think the mint will stop production and sales that just wishful thinking on part of some, hoping to keep prices high..well that cow does not fly.

    Just my thoughts.

  124. jeff says

    I have a bad feeling many are going get hurt. This in no way has the same feeling as did the bhof offering . This could actual hurt the hobby I hope those that have purchased with limited funds reconsider this really is not a unique coin it’s 3/4 oz of gold that’s it. Just checked secondary market the bay 10 total coins sold no real premium after all fee’s

  125. Bob R says

    @Jeff People are trying to speculate and make quick bucks thinking this is HOF gold…it is not. Feed the sharks the chum, I wail for the other white metal.

  126. sharks2th says

    This coin still has a few things going for it in the long run. It is a unique weight in the gold category making it a type coin. It is also needed to have a complete Kennedy half set if you ignore the metal difference from the silver and clads made to date. It is also another Kennedy collectible for those who collect Kennedy or presidential memorabilia.

  127. Pittsburgh P says

    Bob R in one post you are saying the BHoF gold is a circus coin(in the mints eyes) & the JFK is their flagship then in the next that the JFK is no BHoF gold. I may just be misreading what you are trying to say. If the flippers are buying all these up then why should the mint keep producing more to fill demand? The coins will already be there for the people who want them-it is possible that they won’t want to exceed demand and just stop.
    Jeff I do agree that this could hurt the hobby but how can you say the JFK gold is not unique? It’s the only gold half dollar, the only gold JFK, the only .75 oz gold produced by the mint, one of the only 24k offerings. How is that not unique? It’s been 2 days, why don’t we wait at least a month before gathering stats and foreseeing the future.

    I will be anticipating the silver release also but will have my gold JFK to display proudly with them & the rest of my 2014 JFKs…

    Goodnight Gents

  128. GoldFishin says

    @jeff – if folks(flippers) get hurt trying to turn a quick buck with no understanding whatsover of what they are purchasing, or why, in my opinion will be good for the hobby in many ways, not bad. This JFK gold coin is something that most “collectors” should want to own either now or later if it is in their budget. If it is not in a person’s budget or if all these newbies think that making a quick buck is just as simple as buying a coin, marking it up, and dumping it off on somebody else, well…that mentality needs to be met with cold hard reality from time to time to keep the hobby in the hands of collectors and knowledgeable purchasers. You have been so right in your outlook for the HOF coins and I think you have also been right to advise caution for this offering if people are only in it for the quick flip.

  129. jeff says

    P I’m looking for something clever thinking outside the box times are changing and the mint needs to get onboard. This coin maybe unique to you but I see a gold Kenney half dollar that i can’t afford that maybe my reason that I don’t care for this particular offering I will be more inclined to buy the JFK silvers offering that will be the epitome in my opinion .

  130. VaBeachSteve says

    I’m sorry, but I just don’t believe the majority of yesterday’s sales were collectors. Too many people made an ungodly amount of money on the BHOF coins and saw this as the next opportunity. It’s just too easy for someone to put in a order for 5 knowing they can cancel several days out. I hope I’m wrong but I doubt it. I think the cancellations will show in next Tuesdays sales numbers. My prediction is less than 80k total sales.

  131. VaBeachSteve says

    OT – just got an email from the Mint concerning BHOF $5 gold- inventory has been depleted and any outstanding orders are cancelled

  132. Gary S says

    Why is everyone so concerned with who gets what and how many and how much? If you like the coin buy it! Its made to order. If you don’t like the coin. Don’t buy it.

  133. Bob R says

    Pittsburgh P what I mean is when the mint came out with the HOF, well they were taken back. The did not understand or predict the demand for gold and silver series. The mint at the time of release was giving discounts for early buyers. It was not until the last days before the release they release it could be a hit, therefor a high demand. . They were treating the HOF like the girl scout coins…throwing the ball like a girl.

    That’s why I will am still a buyer of all low $600 golds I can add to the collection. The JFK gold is a beautiful coin, high volume, nothing more, nothing less. Just my thoughts (probably wrong)

  134. jeff says

    My 4/8 order $1 PRF ship today that’s it for me. I have another order placed 4/12 not sure if they make it that far I’m hope though I love me some bhof silver.

  135. VaBeachSteve says

    Dear United States Mint Customer:

    We are contacting you regarding the order you placed for the 2014 Baseball Hall of Fame Gold Commemorative Coin(s).

    Because of overwhelming demand, orders reached the combined production limit of 50,000 for the gold coins very quickly. The United States Mint did, however, accept a limited number of orders that were placed on a waiting list. We took these orders in an effort to allow as many customers as possible the opportunity to purchase the coins. Waiting list orders are not guaranteed and are only fulfilled if inventory becomes available in the event of returns or cancellations.

    Although you may have received an order confirmation and various backorder communications, these should not have been taken as a guarantee that your order would be fulfilled. While we did fulfill orders as inventory became available, we can now confirm that your order will not be fulfilled because of depleted inventory.

    We sincerely regret the miscommunication and apologize for the confusion surrounding your waiting list order. While this may be of little consolation to you at this point, please be assured that the United States Mint is working aggressively to implement a new order management system later this year that will prevent these kinds of problems in the future.

    We hope you will continue to support the United States Mint’s numismatics programs.

  136. Senior says

    I’ve been involved in the modern mint releases for decades yes they the mint has blundered,but errors are human.We have come to an era of greed were as the majority are looking to make a quick buck and become critical of any opposing positions.Regardless what they the mint offers and how the offering is presented there will be bashers.The mint has never presented this material as an investment,but rather as collectables ,so might I suggest those of you eager for a quick buck go away and let the true collector of moderns enjoy this hobby.No one is saying you must participate.Enough ragging.

  137. VA Rich says

    sharks2th – nah, I had seriously contemplated seeing if I could snag one from the DC sales counter though after what transpired on Tuesday, no thank you. My cc got pinged yesterday with the cancel box gone so I’m committed now anyway.

    If there’s another coin show release with the silver JFKs, I’m afraid to think how that will play out. A lot of people got an education this week, not only with respect to what to expect but the easy money involved for the “non-collector types”, and offering $20,000 for the 1st four coins sets a bad precedence. Either everyone and their brother comes out and there are altercations and someone gets hurt, or collectors just stay in bed and the dealers make a clean sweep of the first week coins, my money is on the latter.

  138. VA Rich says

    Pitt – on Tuesday I was running Firefox and IE simultaneously, entered the waiting room immediately with both, though the wait time was 5 minutes and 14 minutes, respectfully. And to VABBs point(s) earlier on the roll out in which I think he nails it, I’d prepare for the worse case (in seeing the waiting room again) for the silvers. For the BHoFs, cell phones seemed to work well, not this time around so something changed.

  139. gary says

    Well, I just cancelled my 12:26 order with the Mint (in stock and reserved) to save the hassle of shipping it back to the Mint. I’m of the belief that once all of the 1st wave of shipping starts and everyone who intended to flip their extras will create a FLOOD of them to be available on Ebay and elsewhere along with a FLOOD of the utterly stupid TPG label First Strike PF70 and PF69. I’m on the sidelines now and will pick up my Gold Kennedy perhaps catch a drop in gold price later on this year. If not I’m sure that I will have an opportunity to get one in the aftermarket online or at a local coin show. I wish everyone here the very best with your purchases of the Gold Kennedy coin.

  140. Steve says

    I hope the big sellers lose their tails on this. This whole process has really soured it for me. I just cancelled my 2 from 12:15. I’m out fellas, good luck.

  141. thePhelps says

    So…is it safe to say the Silver Kennedy offering will provide the test for the new mint website?

    While I am not souring on the silver set – it does appear this set will be sold is very large numbers – and will pretty much be available everywhere. I think the unique quality of the different coins is drawing a lot of people to it – even with the relatively high price tag.

    I am also reading a lot of buyers remorse postings all over the net for the current release. Lots of people reading the tea leaves…

  142. Sith says

    Well even though I will not be able to flip my coin, I’m keeping it. I’m not going to get a picked through coin or one that is encapsulated (with or without OGP) for no other reason than I would like to show it in OGP. Besides If a lot of the dealers cancel and if a lot of the collector are turning to the dealers…

    @Gary S – Some people here bought the coin for a quick flip, the members of the board are simply warning them to cancel their order as that is looking more and more improbable. In other words they don’t want any of the casual (or not so casual) flippers on the board to to get burned

  143. MarkH says

    Gary-regarding those “FS” coins….in the briefing on the making of the Kennedy Golds I noticed they said that die life averaged “600 coins”. Does this means that one could technically be in the First Strike zone every 600 coins or so because the dies were replaced? Do the obverse and reverse dies get replaced at the same time? Based on a run of say 60,000 coins replacing dies every 600 would mean around 100 FS coins (and I mean REAL first strikes). What meaning would a label have as FS when it only counted the first 1000 or whatever coins? Technically many of those coins would be “last strikes” just prior to the die being changed. If I am getting this wrong please someone let me know.

  144. Sith says

    @thePhelps – It all depends on how the mint releases the silver set, but considering they priced many collectors out of the gold coin’s market we have to assume it will be minted to demand, that will kill any secondary value, but it will be a nice addition to anyone’s collection.

  145. Sith says

    I don’t know if it is an error or if their were enough cancellations to choke a horse but the website now has a ship date of 08/05/2014 for the Kennedy.

  146. Clark says

    It pains the collector in me to say this, but it’s conceivable that these new JFK products could be trial balloons for a new line of highly profitable–and sought after–bullion products.

    — Earlier this year, the Mint reported that demand for circulating and bullion coins is strong, but the Mint’s collectible numismatic products have been on a slow decline that seems to have bottomed out in FY 2012.

    –The Mint makes over six times more revenue from bullion sales than from numismatic products or circulating coins and has since FY2009.

    –Wildly successful, unlimited sales and mass market appeal of new JFK gold and silver coins this year could lay the groundwork for a business case to introduce bullion grade counterparts every year. The 3/4 tr oz size would be odd, but think of the international & domestic marketing options that the JFK brand would create. Stranger things have happened. In the unlikely event this materializes, these 2014 gold and silver Kennedy coins could become very special indeed.

    Just some out-of-the-box thinking. I hope it doesn’t happen.

  147. GoldFishin says

    @Mark H- I think NGC has a better term which is “Early Release”….First Strike in today’s modern coin world is a bit deceiving, I think your analysis is correct. Bottom line is… these terms simply mean the coins have been delivered for grading in the first 30 days. There is really no way to determine which coins are true first strikes outside of looking at the coins yourself with coins to compare against, and even then it would just be educated guessing imo.

  148. HarryB says

    First: Thanks to Michael for the coverage of the Kennedy Anniversary coins, and this forum to provide information during the release. I would also like to thank those who post their experiences on the BHoF releases. My experiences were consistent with those here, even with the different finish appearance of the last MS silver BHoF I received yesterday. On topic: I am not a flipper, never sold a US Mint Gold coin I purchased, but I have grown to depend on flippers to acquire Mint releases graded 70. I have been surprised by the number of posters who appear to be flippers only, and now canceling their Kennedy gold orders as it appears that there is no opportunity for quick profits, appears short sided in my opinion. The West Point Mint’s production capacity is not very elastic in my observation, and I doubt the Mint will produce the gold Kennedy to demand. Those who have a coin in hand when sales end will be rewarded in my opinion. I look forward to receiving my one coin order very soon. One last observation, I am not an IT expert, but those who expect great improvement in the Mint ordering process during peak times may be disappointed. The “.gov” domain will be a limiting factor, as all traffic goes thru the root servers and ever increasing security enhancements along with expanding use for programs like Health Care, may limit the effectiveness of the new Mint Sales Website.

  149. GoldFishin says

    @Clark- just this morning I was thinking the same thing…..I was pondering the ATB 5 oz collector pucks and think the Mint unknowingly is beginning to turn them into bullion. First, they offer a discount(which I like by the way) to bring the cost closer to bullion prices, then they are practically minting to demand by increasing the mintage to 30,000 which seems to be more than what demand is actually there. If the US Mint continues to do this with all demand driven offerings, they are in danger of doing exactly what you think, turning modern day releases into higher profit bullion coins.

  150. Ikaika says

    4/8 Baseball HOF silver proof was shipped today. 6/20 clads maybe next year 🙂 Waited awhile to order both coins.

    I hope to see the JFK gold coin soon. Will build a set with all the 2014’s regardless of what the future holds for them. Should look awesome.

  151. Sith says

    @HarryB – Nice write up, even I’m surprised at all the cancellations. The only thing I can find fault with is your analysis on root servers. Root servers are only used for DNS lookups, what your saying is that the expanded use of Google search will slow down the US Mint, they are not related.

  152. Clark says

    GoldFishin–That’s a great point. Who would have thought those quaint little national parks quarters would morph into a popular 5 oz bullion product line…and what happens to 5 oz silver coins when the national parks series ends? The Mint’s sole reason to exist is to sell money. I wish its sole purpose was to serve me as a collector, but even its collector products are often designed to sell as many as possible with “mint to demand” and “no limit” mintages.

  153. GoldFishin says

    @Harry B- I like you just want one or two good examples of the JFK gold. I think the 3/4 oz. size and 24K gold along with the higher relief makes it a coin I want to own and pass down to my son eventually. I am personally sort of glad to see people cancelling their orders if they really don’t want to own the coin for the long term. I don’t really want to see people get hurt and it may have the effect of keeping the mintage reasonable which will be good for us in the long run. I am not against flipping,…that game is inherently risky and sometimes people win and sometimes they don’t. It should be up to them to weigh the risks and costs and decide for themselves.

    @Sith – I don’t want anyone’s leftovers either, I want to pick out my own coin to keep.

  154. gary says

    @MarkH… The third party graded slab coins with the 1st strike label has absolutely NOTHING to do with ANYTHING of how the Mint strikes any of their numismatic products. Period. Over the years this has been reiterated continuously by many who read and post on this blog. All “First Strike” on the label has to do with is whatever arbitrary cut-off shipping date you may have on your Mint sealed shipment box. Period.
    To your question about the die-life for the Gold Kennedies, the frequent die change (600 limit is very low for a soft metal like gold) is to better insure a uniformity of full strikes over the course of the entire production run. This is why there are so many that start out in OGP that get invariably will get a 70 or 69 grade.
    The 2009 Ultra High Relief gold on the other hand was NOT a proof coin, it was a Mint State coin. It required several consecutive hits with the die to bring up all of the details on the coin. So, a true early strike on this particular coin would IN REALITY be a coin that struck up with a nice uniform matte finish. Given that many collectors preferred proof coins over mint state coins, the third party graders labelled many of these as “Proof-Like” because they exhibited a shinier look. That shinier look actually developed from late die states caused by WORN dies. Yet these Proof-Like coins stuck from worn out dies sell for more in the aftermarket! Go figure THAT one out!

  155. GoldFishin says

    @Jon in Ct. – thanks for the video…..I am going today to put in my application to move to Canada. 🙂 Oh, I forgot…I am a soldier.

  156. Pittsburgh P says

    Good comments all. I wish no ill will to anyone-if flippers take a loss on this one so be it but most know there is an inherent risk when dealing in PMs especially when trying for that quick profit. For people to wish them to take a “bath” or lose tons of money is just mean and ignorant imo. Personally I don’t do it or even agree with it a lot of the time but to each his own.

  157. Pittsburgh P says

    “I got trampled but got up, I’m a soldier”

    Description of the ticket to buy the JFK coin…”the ticket is really like a a Willy Wonka ticket”

    Funny…

  158. A&L Futures says

    I also cancelled my ‘opening day’ 12:30 PM (EDT) order for this offering as did a co-worker of mine. In all, eight coins were cancelled. We’re both holding out for the silver offering.

  159. VA Rich says

    PCGS – Clad Set –

    2014-P 50C MS
    67- 40
    66 – 126
    65 – 5
    64 – 1
    Total – 172

    2014-D 50C MS
    68 – 17
    67 – 114
    66 – 79
    65 – 7
    Total – 217

  160. A&L Futures says

    @ VA Rich,

    Do these figures represent PCGS Population figures for the Chicago ANA label?

  161. VA Rich says

    PCGS – Clad Set –

    2014-P 50C MS
    69- 3
    68 – 4
    67 – 3
    66 – 6
    Total – 16

    2014-D 50C MS
    69 – 3
    68 – 0
    67 – 8
    66 – 4
    65 – 1
    64 – 1
    Total -17

  162. Pittsburgh P says

    A&l I think they are for the special clad set …

    VaRich I know it says to disregard but do the numbers just need correcting are they totally wrong numbers? If they’re closed no 70s or 69s? I knew there would be fewer but none?

  163. gary says

    @PittP… I bailed on my 12:26 1 coin purchase only to see if I can get the one in OGP that I intend to keep if the price of gold dips enough or much later in the aftermarket on Ebay or at a local coin show where Ebay markups aren’t always present. I hope that everyone on this blog does well with the gold Kennedy coins they ordered from the Mint whether to keep for themselves or to flip. However, I WOULD like to see the big dealer-speculator-slab flippers take a bath on this one. Why? Because their crap only serves (in the long view) to really hurt the hobby of modern coin collecting. I remember so well what these big dealers did with the one and only batch of 2010 ATB bullion pucks in Dec. 2010. That crash-and-burn event severely crippled the ATB series launch so badly that it assured the low interest in the series (on top of silver’s 50% tanking).

  164. VA Rich says

    A&L – don’t know, that break out isn’t showing as of yet. Can’t seem to find the #’s for the gold, so perhaps not.

  165. A&L Futures says

    @ VA Rich,

    There was a “close-up” of the first six coins PCGS certified on day one. Perhaps if you can zoom-in on that photo you’ll be able to make out the PCGS Certification number. Doing so will allow you to add it to your PCGS Registry (if only temporarily) to pull the latest pop figure for the gold offering. (just a thought)

  166. Pittsburgh P says

    Gary good luck… I do see your point about the big boys- they are the same as almost all corporations in every feild. Since these particular big boys do seem to pose a threat to hobby most here love I do see where your coming from…

  167. longarm says

    Thanks to everyone that shared actual info on the JFK gold debut, I enjoyed reading your comments. I now think that there’s more people out there that enjoy coin collecting and the thrill of getting a new, never before, one of a kind coin. After the circus of the bhof release and the quick buck mentality that followed, I can understand why very few appreciate this coin for what it is. I myself have alot of “skin in the game” that means I measure my silver and gold holdings in lbs. not ozs. I consider myself strong hands, because I do not sell, I have ALL my coins safely tucked away. We as a nation are facing what I believe are going to be hard times down the road, so prepare now and try to ignore these quick buck clowns and actually acquire some of these beautiful coins. Good luck to all

  168. Louis says

    Notice how these mainstream media reports give out false info. like saying there is a limited # of coins, or in another case, they said 40K and that’s it. Wrong!

  169. VA Rich says

    Dusty – ’13 AUDCS in its third day of walking that lonely path out the door – 8/22 now.

  170. VA Rich says

    Louis – I’d feel safer in Denver now knowing that there’s soldiers there! LMAO at that, had to watch it 3 times

  171. gary says

    Yes Louis, mainstream media reports are not reports at all. Just quick &careless “journalism” further filtered and reduced to quick bites of news. Real journalism is an endangered species on the brink of extinction.

  172. Jon in CT says

    Louis wrote on August 7, 2014 at 9:55 AM:

    Notice how these mainstream media reports give out false info. like saying there is a limited # of coins, or in another case, they said 40K and that’s it. Wrong!

    Well, the mainstream media in Denver and Philly are almost certainly dealing with local Mint spokesmen, who themselves might not be completely up to speed on this particular Mint product since neither plant produces it. And if the mintage for this Kennedy gold coin is not unlimited (true), then by definition there must ultimately be only a limited number of coins. And, of course, Mint HQ contributes to the murk. Can there possibly be a more complicated way to explain how many of these coins the Mint intends to produce than what is present on the product page for the Kennedy gold coin? The Mintage Limit: heading says See “Program” and yet when you read “Program” you still don’t know what the Mintage Limit is. I mean everyone lurking here hangs on every word the Mint utters and yet nobody here has a clear idea of how many of these coins the Mint intends to produce.

  173. VA Rich says

    More of an FYI for those that watch the kitco charts – the 1 Year Gold London Fix PM Daily with 14 and 200-day moving averages curves finally have necked up to one another for a second time this year

  174. VA Rich says

    gary – if you’re the gary from last year that collects PT, where do you gold 6 / 12 months from now?

  175. Bob R says

    Dear United States Mint Customer:

    We are contacting you regarding the order you placed for the 2014 Baseball Hall of Fame Gold Commemorative Coin(s).

    Because of overwhelming demand, orders reached the combined production limit of 50,000 for the gold coins very quickly. The United States Mint did, however, accept a limited number of orders that were placed on a waiting list. We took these orders in an effort to allow as many customers as possible the opportunity to purchase the coins. Waiting list orders are not guaranteed and are only fulfilled if inventory becomes available in the event of returns or cancellations.

    Although you may have received an order confirmation and various backorder communications, these should not have been taken as a guarantee that your order would be fulfilled. While we did fulfill orders as inventory became available, we can now confirm that your order will not be fulfilled because of depleted inventory.

    We sincerely regret the miscommunication and apologize for the confusion surrounding your waiting list order. While this may be of little consolation to you at this point, please be assured that the United States Mint is working aggressively to implement a new order management system later this year that will prevent these kinds of problems in the future.

    We hope you will continue to support the United States Mint’s numismatics programs.

    Sincerely,

    United States Mint

  176. Kraw says

    Does anyone have a guess as to what time I would have to get in line at the World’s Fair of Money to get a coin on Saturday morning? I see the lines the first couple days were crazy, but was wondering if it is dying down?

    Any help is welcome.

  177. Pittsburgh P says

    Yeah the mainstream media only goes off what they are told. You think they’d do some research. I’m kind of surprised they are even covering it it…

    Keep cancelling guys & gals… If the Mint see a huge amount of cancellations and they are able to fulfil all or most of the orders with the first 40,000 then imo there would be a possibility of them pulling the plug on these sooner than later.

    Personally I like seeing the cancellations & am looking forward to the actual sales numbers… As for all the negativity about these coins – I wouldn’t let their opinions sway how you feel about em – If you have or are on the fence it is possible you didn’t like or want the coin in the first place.

  178. smiledon says

    For what it is worth, the US Mint asked the facebook followers what they could do to be better. I choose to not answer because other people posted a lot of what you people here complain about. So if the Mint is listening, maybe we may see some real changes.

  179. Jon in CT says

    Kraw wrote on August 7, 2014 at 10:57 AM:

    Does anyone have a guess as to what time I would have to get in line at the World’s Fair of Money to get a coin on Saturday morning? I see the lines the first couple days were crazy, but was wondering if it is dying down?

    Any help is welcome.

    Sorry, but I don’t have a good guess for you, but let me point you to a cautionary tale posted this morning on the Mint’s Facebook page.
    https://www.facebook.com/UnitedStatesMint/photos/a.331791684458.184447.103695769458/10152653042094459/?type=1&comment_id=10152654690584459&offset=0&total_comments=31

  180. Chris Lehr says

    Officially cancelled my order. Makes no sense if they aren’t limiting mintage to pay a $300 premium over spot. If I spent $1240 on 1/10 eagles, I’d still have more Au.

  181. says

    I’m like Pittsburg P, KEEP cancelling. For me Personally, This roll out is going just the way that I had hoped. NOW Mint do the right thing and cut the sales off Before sales are just a dribble.

    I’ve said from the beginning, It’s much harder to Flip a $1,240.00 coin than a $50 coin…

  182. says

    Breaking News:

    The United States Mint plans to issue a 2015 Reverse Proof Proof set in addition to a standard 2015 regular Proof set containing coins with multiple finishes, according to J. Marc Landry, the Mint’s acting associate director for sales and marketing.

  183. Kraw says

    Thanks for the posts. I think I am not going to be in line for those coins in Chicago. I happened to be having a trip there this weekend, but sounds like it’s too big business and crazy people!

  184. Jon in CT says

    Chris Lehr wrote on August 7, 2014 at 11:18 AM:

    Officially cancelled my order. Makes no sense if they aren’t limiting mintage to pay a $300 premium over spot. If I spent $1240 on 1/10 eagles, I’d still have more Au.

    You’d end up with less gold if you spent $1240 at the Mint on proof 1/10 oz gold eagles. But why let logic stand in the way of what you want to do?

  185. gary says

    @Jon_ I had to laugh because I also noticed that convoluted jargon on the Mint’s product page for the Gold Kennedy. Obviously this (or any other mint offering) is in reality “limited”, to be sure! The U.S. Mint’s policy is to be obsequiously vague as seems to be true with most agencies in federal and state government. So you just have to make purchase decisions on the bowl of steam of information you have just been fed. The news media then takes that bowl of steam of info and winnows it down into the tidbits of “news” you get on mainstream and social media.

  186. Chris Lehr says

    @Jon in CT.. I didn’t say proofs. Random date BU’s at APMEX are 150 each.

    1240/150 = 8.2, so I would be able to buy 0.8 ounces of Au, which is greater than .75 ounces of Au.

  187. Jon in CT says

    Chris Lehr wrote on August 7, 2014 at 11:40 AM:

    @Jon in CT.. I didn’t say proofs.

    Gotcha — apples vs. oranges.

  188. VA Bob says

    Bullion gold has no numismatic value. Try selling gold bullion to APMEX, Provident, or Gainesville and see if they will give you spot for it.

  189. JagFan says

    Off Topic – Looks like the Roosevelt Coin & Chronicles set has sold out. They only sold 15K plus units…

  190. Pittsburgh P says

    OT- Thanks for all the input about browser’s guys. I had Chrome already downloaded and started playing around with it this morning & it’s 100x faster than IE. Crazy…. Now Just need to figure out how to transfer all my favorites and passwords. Thanks again!

  191. fmtransmitter says

    Pitt: Chrome will do it automatically…Just goto settings…It asks if you would like to import everythng from IE. You got this…

  192. Jon in CT says

    JagFan wrote on August 7, 2014 at 11:46 AM:

    Off Topic – Looks like the Roosevelt Coin & Chronicles set has sold out. They only sold 15K plus units…

    Thanks for the heads-up. That was an unusual (with .999 silver medal) and pricey ($57.95) product.

    I also notice that the 2013 Presidential Discovery Set – Theodore Roosevelt (TR9) is nearing the first anniversary of its initial issue on September 3, 2103. It has a very modest price of $9.95 and fewer than 6,000 sets have been sold so far.

  193. Blair J Tobler says

    I got the TR Coin and Chronicles Set – it’s a really nice looking set – they did a great job on it and I’m surprised it didin’t do better. I got the Discovery set too, but since it’s geared towards youngsters, it doesn’t have the same eye-appeal.

  194. fmtransmitter says

    This”evaluation” by the Mint has more to do with packaging purchases than it does with the coin itself. It cost a heck of a lot more to buy the boxes, print the COA’s etc than it does to stamp a blank coin. THAT is the reason for the evaluation and supposed secrecy behind mintgae levels. Like anything, the more you buy, the cheaper it gets, soooo if the Mint knows it WILL sell say 100k Gold Kennedy’s, they can go ahead and order the boxes from China and get the ball rolling. The logisitical problems remain in the packaging, the Mint pumps out billions of coins so that is never an issue.

  195. fmtransmitter says

    My RC&C has TWO silver coins in it making it even more pricey! I gladly give away paper Fed notes for silver all the time and will continue to do as long at makes ME happy…:)

  196. tmbz says

    The mint only started taking orders for the Gold Kennedy yesterday, and according to their site, they won’t be available for delivery until September 10. So how could PCGS already have graded them? The orders were only accepted yesterday. No one has the coins yet. How can they certify a coin that isn’t even out yet?

  197. VA Bob says

    I’m getting quite a chuckle out of the folks saying they are canceling the orders they made only 24 short hours ago. I’m curious of the reason. Are they afraid their “investments” won’t double in value over night? Are they making a principled stand against the dealers (not really)? Do they believe they will get it cheaper (from those same loathed dealers or flippers) in the future? I believe it is the first reason, though I doubt many would admit it.

    The golden rule to coin collecting: It has been said over and over on this site and others, “buy the coins you like”. If one can’t afford it, why play the game to begin with. If your playing with numbers to make up your mind for you based off what may or may not happen, you are not really buying what you like, you’re buying what you hope someone else will like, but is to uniformed to buy from the Mint.

    I’m in coins for the long haul, I don’t care what tomorrows price for a coin are. I fully realize some coins I purchase might not make money 20 years from now. I predict the gold JFK will have a high mintage, but wouldn’t be at all upset if they stopped today. I’m actually glad weak hands are dropping orders. Collectors need these coins in strong hands to assure them a strong future demand, be it for yourself or your kids, or grand kids. The merits of this gold JFK have been mentioned many times. Plenty of first’s, it has much going for it, not least of which is it is a popular design and subject, not unlike the 2009 UHR. One can listen to the speculators, or the judge the coins merits and personal likes/dislikes then make up their minds.

  198. Clark says

    Thanks, JagFan. The Teddy Roosevelt set was very well done IMO and is now relatively rare at only 15,000 or so sold. I bought three just for the silver medals, but didn’t want to break the box up after I saw what a great set it made.

    Isn’t it ironic that the 2009 Lincoln Chronicles set sold out 50,000 units in the first 30 hours with a strict one per household ordering limit, yet the 2013 T Roosevelt set, with no production or household limits, sold only 15,000 in under 8 months? The latter is the phenomenon that many here hope for JFK golds. I don’t think it will be the case, but I’d like to see it happen.

  199. simon says

    At this moment the newly released Kennedy .075 oz gold half-dollar coin (K15) is not found on the Mint catalog’s “What’s New” product list

    It is at the very bottom of the list -scroll down

  200. VA Bob says

    Clark – I believe the big difference was the Lincoln CC set had all coins in it, where as the TR CC had only the relatively unpopular golden dollar, and the rest medals. Had the Mint created a special silver dollar commem, the TR CC set sales would have been on par with the Lincoln set.

  201. Pittsburgh P says

    Va Bob I have wondered the same thing & have said as much-Well said.

    .075 oz of gold for 1240$…
    Melt value of 98.54$ as of now.
    Too funny!

  202. stephen m says

    @fmxmitter, I decided to sit the gold Kennedy out but will get one later, graded, if the aftermarket price tanks as some here predict it will. Spent my money on the BBhof gold and silver, without regret, to have and to hold. I would like for the boxes and packaging to start being made in the USA for our US Mint coins if they are indeed made in foreign lands.

  203. Clark says

    VaBob–What you say is absolutely true. Although they made a complete set, coins in the Lincoln set were available a la carte and, consequently, the set has only a nominal premium today. I’m just saying that with a relatively low mintage of 15K, the T Roosevelt medals (and sets) are now somewhat rare and, therefore, collectable. A silver dollar commem would have been awesome, however, I don’t believe the Mint has made a lot of silver medals. I am very biased because I love silver coins…and nicely minted medals.

  204. Philboy says

    With everybody bailing on these Kennedy Gold coins, it might be a good idea to get them and perhaps keep them. #1 rule in investing is do the opposite of what “everybody” else does.

  205. Clark says

    Clarification on collecting medals: I love silver medals, not all medals. As one of the few die hard collectors of first spouse golds since ’07, I insanely felt it necessary also to collect spouse bronze medals in higher MS grades in order to own the “complete” spouse series. I’ve been able to keep up with the collection, but it has been neither easy or pleasant. If you think the spouses are butt ugly, try looking at them magnified a few times.

  206. SLinNJ says

    So anybody know if there were still lines at the Philly mint this morning? Any predictions on lines for tomorrow?

  207. VA Bob says

    Thanks PP. People need to look at the high mintage coins that are (still) popular and ask themselves why that is the case. In every instance it is because of the popularity of the design (2001 Buff, 2009 UHR, 2014 BHoF), not necessarily the subject.

    Too many follow the low mintage example for guidance. History has proven that to be risky, at least in the short term with some exceptions. The Jackie Robinson is one of these examples, few wanted it now it is valuable because no one wanted it. Then you have artificial rarities. The 96 W ASE would not be so valuable now if it wasn’t packaged with that years gold offerings and sold separately. I passed on that because at the time it was out of reach finically. Now you have the First Spouses gold coins. Low mintages, but will they be the next Jackie Robinsons? I hope so for the folks that stuck with them. I was unemployed when the series started so spared the ups and downs that came with those issues.

    So my advice (take it or leave it as you wish) to all would be to follow the first method, especially if you have limited collecting funds, or are unsure of what direction you want to go. Buy the popular designs. Some have said the JFK would be popular mostly with people alive during that time and not appeal to younger collectors. Would they say the same about the St, Gaudens design (the UHR) or the Fasier design (Buff)? No, of course not. And the beauty of it all is mintage really doesn’t play a huge role in these success as a collectable.

  208. 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.

  209. VA Bob says

    Clark – Oh I’m with you brother. I like the medals too. But I have to say they aren’t good (for now anyway) for those investing or flipping. The Mint has the silver Wildlife series, the 9/11, and now the TR medals, all losers on the secondary markets. But I have all of these (and quite a few bronzes, too) because I like them. No delusions that they will ever appreciate above their melt value. But the CC’s are generally well put together. I wish the Mint would do more of them.

    The FS comment “under magnification” gave me quite a laugh. Not many “lookers” among the First Ladies, but then beauty is in the eye of the beholder I suppose. You’re almost there with the FS’s, hang in there. It will be a awesome collection to view all together. I do have to say that I wouldn’t want to be in your shoes when it comes time to sell (if you ever do). I’d probably go with a Heritage auction and let one of the big boys take the whole thing at once. It’d be heartbreaking to sell piecemeal.

  210. says

    To me the Mint is saying, we have 40,000 made and initially we have raw material for up to 75,000. Production of 6,000 per week. UNLESS something Drastically Changes, there will not be more than 75,000 minted…

  211. VA Bob says

    Cag – so that means it’s going to take the rest of the month to just fulfill the first days orders (minus cancelations), if they stick with striking 6000 a week. One would hope since they have 30,000 (after the first 40K) on hand they would expedite those initial orders. The 6000 piece batches at a time seems a good safe number for the Mint so they don’t over strike.

  212. Pittsburgh P says

    I hope so Cag! That’d be nice… They have what’s needed to produce 35,000 more @ 6000 a week until 75,000 is about 6 weeks. I said it earlier if people keep cancelling and say all orders are fullfiled out of the first 40,000 maybe when they assess demand after week 1 they’ll just shut it down.

  213. says

    @VA Bob, I guess the Wildcard is just how many Cancellations we have. The shipping dates have mostly been moved backwards so either there are a LOT of cancellations OR the shipping dates are Wrong OR a combination of the two.

    6,000 per week. Is that what they initially thought demand would be? If there is more sold than 6,000/week then wait times could Really add up..

    Less just say the 56K was accurate and let’s just guess a NET of 10k have been sold After Tuesday. If that is the case then the Mint is already 4 weeks behind.

  214. VA Bob says

    Cag – I have a feeling you’re going to be disappointed. Look at the bright side, the 1909 S Lincoln cent, originally minted as a commemorative to celebrate 100 yr. anniversary of Lincolns birthday, had a 484,000 mintage. People lined up outside the banks to get one. IMO you won’t have anything to worry about with the JFK. And I’m not particularly a big JFK (the man) fan. He did implement tax on savings interest after all. Although many of his speeches would garner “boo’s” from his party today, so, hard to say.

  215. joseph says

    jeff says
    AUGUST 6, 2014 AT 11:16 PM

    I have a bad feeling many are going get hurt. This in no way has the same feeling as did the bhof offering . This could actual hurt the hobby I hope those that have purchased with limited funds reconsider this really is not a unique coin it’s 3/4 oz of gold that’s it. Just checked secondary market the bay 10 total coins sold no real premium after all fee’s

    I BET EBAY LIKE IT, YOU(FLIPPERS) MADE TONS OF MONEY FOR THEM. LMAO!

  216. says

    cagcrisp,

    Breaking News:

    The United States Mint plans to issue a 2015 Reverse Proof Proof set in addition to a standard 2015 regular Proof set containing coins with multiple finishes, according to J. Marc Landry, the Mint’s acting associate director for sales and marketing.

    Do you have a link/source for this or were you just joking or being sarcastic here? I can’t find any confirmation but maybe I’m not looking in the right places.

  217. says

    cagcrisp,

    Thanks! I know I’d be very interested in buying if the Mint went ahead with such an offering (and I think it would add more fuel to my theory that they’re trying to expand the product portfolio, Perth-style).

  218. VA Bob says

    CO I hope not. Coin of the week? No thanks. Nothing against the other world mints (most of their populations are small, with even less people collecting). The Mint actually experienced a “too many offerings” problem that they then fixed with the two commemorative a year limit (though there has been creep with other offerings).

  219. Jon in CT says

    From the Mint’s 1PM Facebook press release:

    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.

    Translation: We don’t want to see any more people trampled outside of our facilities because of our harebrained ideas about how to conduct lottery-type special retail sales — but we really don’t care at all about what happens outside the ANA convention in Rosemont, IL.

  220. says

    @Jon in CT, YOU are WRONG in putting up the Link attached to my comment. MY comment:

    “@CaptainOverkill, I got it off of FB from another coin publication…” Was NOT pertaining to the Mint’s FB page. The link I was referring to was AS I SAID “another coin publication” and had NOTHING..I REPEAT NOTHING to do with the Gold Kennedy. It was in reference to the 2015 reverse proof proof set…

  221. Jon in CT says

    Sweetie, don’t get your panties in a bunch because of such a small misunderstanding. 😆

  222. Lee says

    Gary – I can’t agree more about big dealers. I hope they take a bath for the games they are playing to make a buck. They can choke on it. L

  223. Brad says

    By the way, the lower-case “brad” at 11:44 am was NOT me. I guess I’ll have to change my handle if someone else is going to hang out here and post links to stuff.

  224. VA Bob says

    Brad – I couldn’t help but think of that Rosseta Stone language commercial, “My nom is Brad” when you mentioned the need for a name change.

  225. Laurence Ramos says

    The biggest coin dealers ripped of the coin collecting hobby, Silver town has 44 gold Kennedy’s for sale on Ebay right now. for two days of sales at the coin show? BOYCOTT Silver town.

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