US Mint To Remove Household Limits on 50th Anniversary Kennedy Sets

kennedy-silverThe United States Mint has announced that they will be lifting the household ordering limits on the 50th Anniversary Kennedy Half Dollar Uncirculated Coin Set and Silver Coin Collection effective Monday, November 17, 2014 at 12:01 AM.

This year, the US Mint created three separate products to mark the 50th anniversary of the Kennedy Half Dollar. The Uncirculated Coin Set containing two clad coins with an uncirculated finish went on sale July 24. Initially, the sets were offered with an ordering limit of five sets per household and without a stated product limit. A product limit of 200,000 units was subsequently established.

A three-quarter ounce gold proof coin was offered for sale starting on August 5. The initial ordering limit was five coins per household for online and phone orders. The ordering limit was lifted on October 14. The product remains without a stated product limit.

The final product was the silver coin collection containing 90% silver half dollars struck at four different facilities with four different finishes. The collection went on sale on October 28, carrying an ordering limit of five units per household and product limit of 300,000 units.

The sales levels from the weekly reports for each of the products are reproduced below. The removal of the limit for the gold proof coin last month did not have much of an impact on sales. However, the removal of the ordering limit for the clad and silver sets may have more of an impact due to the lower price points and the stated product limits.

Clad Set Gold Proof Coin Silver Set
7/27/2014 84,593
8/3/2014 97,655
8/10/2014 112,134 62,341
8/17/2014 116,937 63,521
8/25/2014 120,708 63,388
8/31/2014 124,887 64,305
9/7/2014 127,749 63,927
9/14/2014 129,986 63,384
9/21/2014 131,694 63,567
9/28/2014 132,745 63,757
10/5/2014 132,928 63,944
10/12/2014 133,818 64,098
10/19/2014 134,631 64,303
10/26/2014 136,614 65,039
11/2/2014 141,808 66,054 125,147
11/9/2014 146,222 66,547 137,802

Facebook Twitter Email

Comments

  1. NC_Stacker says

    @ GoldFishin

    CV has them and you can see on their website

    Black Core PL’s # 050823 115 left
    White Core PL’s #050822 65 left

  2. NC_Stacker says

    Also they said that they just found out about the new labels and NCG announced them this past Friday 11/14

  3. GoldFishin says

    @ALL- From Coinvault Description- 2014 Kennedy 50th Silver Set NGC 70 ER Black Core w/Enhanced PL

    With a mintage of just 300,000, this set includes four 90% silver Kennedy Half Dollars in four different finishes; one from each of the U.S. Mint’s coin production facilities. Certified by NGC, with Early Releases notation, this includes the West Point Reverse Proof (PF70), Philadelphia Proof (PF70), Uncirculated from Denver (SP70), and Enhanced Uncirculated from the San Francisco Mint (SP70 PL Enhanced Finish) Note: NGC uses the term PL to describe those silver Specimen Kennedy Halves struck in San Francisco where the fields of the coin exhibit a dark finish against the white cameo of the Kennedy portrait and the Eagle motif on the reverse. Coins are individually certified in NGC’s Black Core holders and arrive in a deluxe 4 coin presentation case. Original Government Packaging is included.

    Correct me if I am wrong, but has not NGC just redefined the meaning of PL? I see nothing but the changing of a label. A “dark finish”….give me a break, it should read a “proof like mirrored finish” or something like that. Wow, I am really distressed by this. I am sick to my stomach about this. It must be that smell from Denmark.

  4. GoldFishin says

    From NGC website: Prooflike – having the appearance of a proof coin, that is, mirrorlike fields

    http://www.ngccoin.com/news/glossary.aspx

    I am calling NGC myself this week and complaining about this. I have used NGC for years and this is scandalous. All of these other sellers on Ebay and not ONE PL enhanced coin, and all of a sudden for Coinvault NGC changes the label and misleads innocent buyers into believing these labels make their enhanced coin a true PL coin. I am over and out for tonight! I have to watch some football and calm down.

  5. Jon in CT says

    GoldFishin wrote on November 17, 2014 at 8:18 PM:

    Correct me if I am wrong, but has not NGC just redefined the meaning of PL?

    Doesn’t EACH AND EVERY coin grading service define, precisely, what its various grades mean? If you object to their terminology, ignore them.

  6. NC_Stacker says

    GoldFishin

    Now there is money to be made in an almost worn out die strike? Before this everyone was looking for a nice Cameo finish and would pay extra for that. Now money can be made in when the die’s background is now worn out going the opposite of having a perfect strike from a die. Up is down and left is right.

    Will PCGS crack under pressure and jump in on this PL & DMPL too?

  7. GoldFishin says

    Yes Jon and if you look at my previous post, you will see that they have indeed redefined their own defintion. “Dark Finish” = DF I don’t have to tell you what “DF” stands for, do I?

  8. Jon in CT says

    GoldFishin wrote on November 17, 2014 at 8:38 PM

    Yes Jon and if you look at my previous post, you will see that they have indeed redefined their own defintion. “Dark Finish” = DF I don’t have to tell you what “DF” stands for, do I?

    Unlike you, I feel grading services should be allowed and encouraged to adapt their grading definitions to accommodate the wacky new finishes the Mint is applying to its coins these days.

  9. GoldFishin says

    @NC-Stacker- yes, Cameo would be much more appropriate and I could go with that one. Mine are both cameo and nearly PL, but you get my point, nobody else has received that designation except CV. Money talks and ….well you know the rest.

    @Jon- Good one! 🙂

  10. Ends in Error says

    DF ? Double F*rt ? You do one then push another ? But be very careful with that other one.it

  11. GoldFishin says

    @Ends In Error- 🙂 🙂 Good One! Especially as you get older!! :-0 Luckily I an not there yet!

    @ NC_Stacker- hope I beat Jon to the punch again- it is the Enhanced coin, not the Proof

  12. Jon in CT says

    NC_Stacker wrote on November 17, 2014 at 8:51 PM:

    Jon in CT I’m with GoldFishin on this. How can a Proof Coin be listed as Proof Like ?

    No, you don’t agree with GoldFishin because he’s bitching about a grade applied to an enhanced uncirculated coin and you’re babbling about a proof coin. Thanks for your contribution, though. 🙄

  13. gbotz says

    JohnT58 says

    November 17, 2014 at 3:23 pm

    Anyone have tips on how to get the ATB bullion pucks out of those mint tubes?

    Have you tried gravity and some patience, remove lid, invert tube, place on flat surface and see what happens.

  14. Bob R says

    Just take the ATB puck tubes to your local Home Depot paint department and put them in the paint shaker, they will come loose.

  15. Jon in CT says

    JohnT58 wrote on November 17, 2014 at 3:23 PM:

    Anyone have tips on how to get the ATB bullion pucks out of those mint tubes?

    It’s pretty easy. Any framing hammer, like this 28 oz sweetie sold by Home Depot, will liberate those pucks tout suite. After all, they’re not collectibles, they’re merely bullion.

  16. NC_Stacker says

    Bob and Jon another way is to just set the tube on fire. The tube has a melting point around 221°F and AG’s melting point is 1,763°F. Think of the toning opportunities this brings.

  17. Hawkster says

    An alternate method to free up those balky pucks would be to shoot some WD-40 oil on the inside of the tube. Hint: Be sure to use the nozzle attachment on the can to pinpoint the spray.
    Wait 30 seconds, flip the tube upside down, and watch those pucks slide right out.

  18. Bob R says

    Looks like SLV is starting to drop slowly since Friday, looks like Friday was the dead cat bounce, hold onto your horses, SLV could be headed lower quickly if it can’t hold $15.70 this week, IMO

  19. Eagle One says

    @GF,

    Thank you for the link to the PCGS Spot Policy. It just further validates my conclusion that there is a two-tier coin market out there. One for spotted coins and one for unspotted coins. That’s why buying “sight unseen” or from “one of many” does not work for me anymore.

  20. Hawkster says

    Bob R,
    Actually, WD-40 is excellent for cleaning metal surfaces. So, if your coin is spotted, feel free to apply it and watch those spots disappear.

  21. Bob R says

    I have bought coins spot free, then several years later they developed spots, what can you say? Then at times a brand new coin from the mint has spots? I have never seen it in GLD but only SLV.

  22. Keep Calm & Stack On says

    cag – “what else is there in 2015?” maybe that’s a good thing, my check book could afford to go on a diet! I’m in for a gold Merc, the Marshall’s and the AtBs…, may just be a long, slow year.

    Bob R – I hope it’s a big fat 21 pounder that’s bouncing.., & punches right through $15 – I’ve got a hair trigger set on some AtBs, too bad 2015’s may be 5 months off still

  23. NC_Stacker says

    Bob gold is not as reactive as silver. Look at the older mint sets where the coins have fogged. There is something in the mint holder that is reacting to the silver, be it the glue, paper and anything else in the holder. Mid 1970 set are well know of doing that. ( look at the silver Ike’s) If it is a newer set there may be a very small crack or the cases are not sealed and are allowing air in.

    It also depends on how you are storing them ( air quality) and the humidity.

  24. cagcrisp says

    @Keep Calm & Stack On, I think you meant the Gold UHR. The Gold Merc is 2016. Don’t want to get the Blog Police after you…

  25. GoldFishin says

    My enhanced coins look as good as the ones on CV. Maybe I should send them in before the ER cutoff date. I see no mirror effect on their coins, mine has more mirror effect than that.

    @KCSO- Ebay auction listings for the JFK silver coins have risen to 124 from around 70 two days ago and 90 this morning. Soon there will be ample supply and we will see how much staying power prices have. Six weeks sounds about right to me KCSO. I wrote a post this morning about the JFK Silver mintages but decided not to post it. I may post it tomorrow after sales numbers are out

  26. NC_Stacker says

    GoldFishin did you happen to see the one coin that was DPL and that they compared the PL to DPL? It looked just like the P Proof but the cameo was to me better than that of the P proof coin.

  27. GoldFishin says

    Yes I did….they were very close for sure. Mine are the same way. If you look at them from eye distance I can hardly tell them apart, only the Proof is very relective and the Enhanced only slightly so. The Cameo’s are the same. But I think there are many of those PL coins out there, only they haven’t been labeled as such until now. We will see I guess.

  28. Keep Calm & Stack On says

    NGC Subscribers –

    I just tried pulling up the consensus report to see how these PL/DPL/whatever they are may be grading, I cannot find the silver JFK set coins listed anywhere, do you see them?

    Has NGC not posted the grading data for the silver set yet? I checked through all the JFK 50 cent and Modern Coin list with no luck.

  29. GoldFishin says

    @KCSO- looks the rally in PM continues this a.m. Gold over $1200 again….SLV 16.44…..meow!

  30. Keep Calm & Stack On says

    GF – rally it up! Putty tat is at the end of those 9 lives…, just need one more good ‘THUMP’ to $14.70!

    Hey, looking forward to the release of silver JFK posting, we should see those %’s around 9:45-10:30.

  31. fmtransmitter says

    Keep Calm & Stack On says
    NOVEMBER 18, 2014 AT 5:57 AM

    Hey, the American $1 Coin and Currency Set is LIMITED already… at 50,000!
    Gift giving season and money maker for the US Mint!

  32. fmtransmitter says

    Sorry if it was mentioned BUT the earlier talk of the clad Kennedy, this two coin set is entirely unique to the series using a different die. Although it is the same coin in size, weight, and subject, it is also a whole new coin…

  33. fmtransmitter says

    Keep Calm & Stack On says
    NOVEMBER 18, 2014 AT 5:56 AM

    NGC Subscribers –

    I just tried pulling up the consensus report to see how these PL/DPL/whatever they are may be grading, I cannot find the silver JFK set coins listed anywhere, do you see them?

    Has NGC not posted the grading data for the silver set yet? I checked through all the JFK 50 cent and Modern Coin list with no luck.

    They don’t post for a couple months usually…Sometimes a month…

  34. cagcrisp says

    There is No HH limits on the American $1 Coin and Currency Set so Maybe one of the Big Boys will go in and buy ALL the 50,000 allotment and then they can corner the market on Another product that Very Few will Ever want. The max to do this would Only be $697,504.95.

    Hold ’em off the market for two years….hmmm….

  35. stephen m says

    GoldFishin, Those silly, stupid labels will keep coming until they can’t sell them and make money anymore. Who knows what the future holds for us and those stupid labels?

  36. Senior says

    I’ve said it before so please forgive me for repeating myself.Moderns are just that,these shiny pieces of metal regardless of denomination should not be eligible for any designation other than that stated by the USA Mint Certifications.There is a ton of profit being made it will not subside,if you as a sensible collector must make the decision to stay away.Liken this to purchasing a basic auto verses a luxury model.This grading of moderns really came alive with the conception of the U.S. mint American Eagle Series.Keep collecting but selectively,a bite of chocolate can be delicious but don’t eat the whole Fing box.

  37. Senior says

    The idea of perfection has become a virus.Some need the slabs and labels to assure they have the best possible,but remember one thing perfection is subjective.What is seen with his eye possibly is not seen by mine.

  38. NC_Stacker says

    fmtransmitter
    That’s 19 million in $USD up for auction. ( at today’s going rate of $380.97 per BTC) My guess is they will get about 1 million dollars for the entire lot of 50,000. Then you convert the BTC’s for GLD or SLV,

    There are sites selling gold and silver for bitcoins. So for 50,000 BTC can be turned into 14, 375 Gold Eagles or 848, 896 Silver Eagles, wait for a PM spike sell them all and then move to an island after you bought the island 🙂

  39. Keep Calm & Stack On says

    PM added 2014 Everglades National Park 5 oz Silver ATB to the free shipping selection, yeah twist my arm!

    cag – appears we may or may not see those #’s today :S

  40. says

    Keep Calm & Stack On, That’s a really good deal. They may be clearing their inventory ahead of the new bach of Everglades coming from the Mint.
    I tried buying from them Friday evening using my PayPal account, but I had my order cancelled twice due to an address problem. There’s nothing wrong with either one of my address, but PM would not ship to either one, which is just weird because I have bought from them before without a problem. So I went to A on Epay, cheaper there than on the website. Calling PR right now.

  41. Keep Calm & Stack On says

    K13 2014 KENNEDY ANNIVERSARY SILVER SET 137,802 11/9/2014
    K13 2014 KENNEDY ANNIVERSARY SILVER SET 144,572 11/16/2014
    K14 2014 KENNEDY ANNIVERSARY UNC CLAD SET 146,222 11/9/2014
    K14 2014 KENNEDY ANNIVERSARY UNC CLAD SET 148,928 11/16/2014
    K15 2014 KENNEDY ANNIVERSARY GOLD COIN 66,547 11/9/2014
    K15 2014 KENNEDY ANNIVERSARY GOLD COIN 66,859 11/16/2014

    Thoughts?

  42. TimTom says

    @NC_Stacker – Hopefully you jest when you say they will only get 5.25% of FMV. Bitcoin is quite liquid, assuming one is technologically inclined. I would liken it to when people sell coupons or gift cards on e-Bay. You always get less than full value, but even those trend toward 2/3 or 3/4 value. With someone more liquid, ie Bitcoin, I’d believe most people would bid low, but depending on how the auction is run, if they accept anything less than 85-90%, they be trippin’…

    Then again it is seized property, so who knows. Maybe people would want to own DPR Bitcoins and even pay more than FMV. Would they then be eligible for a virtual label? I know ANACS slabbed some Casascius physical/pm Bitcoins back in ~2011/12 as tokens. We’ll see either way LOL. 🙂

  43. Keep Calm & Stack On says

    2014 ATB SILVER UNC 5 OZ – GT SND 22,421 11/9/2014
    2014 ATB SILVER UNC 5 OZ – GT SND 22,581 11/16/2014
    2014 ATB SILVER UNC 5 OZ – EVRGLD 16,243 11/9/2014
    2014 ATB SILVER UNC 5 OZ – EVRGLD 17,218 11/16/2014

    This is going to get very interesting…

  44. NC_Stacker says

    TimTom if the IRS is willing to settle on pennies on the dollar, why would this auction be any different.

    To the govt, bitcoin is a non-factor to them as they view this as a AstroTurf grass roots movement. So receiving a little something for what they feel amounts to nothing, anything they take will make them happy.

  45. cagcrisp says

    Mint BHOF excel spreadsheet update for 11/16/14 (change from 11/09/14 spreadsheet):

    Gold proof BHOF 32,428 (down 67)
    Gold unc. 17,674 (down 20)
    Silver proof 267,852 (down 13)
    Silver unc. 131,915 (down 1)
    Clad proof 237,862 (up 3,497)
    Clad unc. 138,192 (up 1,298)
    Young Collector 25,173 (up 632)

    Gold BHOF 50,102 oversold 102
    Silver BHOF 399,767

  46. cagcrisp says

    What is Noteworthy in the Above Post is the Revision Downward of the Gold BHOF’s . This is the First Movement on the Gold BHOF coins in 7 weeks.

    First Revision Downward in Silvers in 3 weeks…

  47. Senior says

    Keep Calm and Stack The Kennedy numbers are weak,next weeks numbers will be most interesting,at the current rate there will be no sell out.Could be people are staying away because of the weak metals markets and or the nearing christmas buying season.

  48. Eagle One says

    Sell Out Analysis Summary for Kennedy Clad Two Coin Uncirculated Set:

    K14 Clad
    As of 11/09/2014 @ 11:59 PM EST
    200K will occur in 136 days since sales began on 7/25/14 at 12 Noon EST
    200K Target Date is estimated to be December 11th 2014
    630.6 units per day average (sales are increasing)

    K14 Clad
    As of 11/18/2014 @ 11:59 PM EST
    200K will occur in 140 days since sales began on 7/25/14 at 12 Noon EST
    200K Target Date is estimated to be December 15th 2014
    386.6 units per day average (sales are slowing – may be due to website shut down)

    Raw Data:

    Date: Days: Sales

    7/25/2014: 1: 68,947
    7/27/2014: 3: 84,593
    8/3/2014: 10: 97,655
    8/10/2014: 17: 112,134
    8/17/2014: 24: 116,937
    8/25/2014: 31: 120,708
    8/31/2014: 38: 124,887
    9/7/2014: 45: 127,749
    9/14/2014: 52: 129,986
    9/21/2014: 59: 131,694
    9/28/2014: 66: 132,745
    10/5/2014: 73: 132,928
    10/12/2014: 80: 133,818
    10/19/2014: 87: 134,631
    10/26/2014: 94: 136,614
    11/2/2014: 101: 141,808
    11/9/2014: 108: 146,222
    11/16/2014: 115: 148,928

    (prepared with caffeine, no distractions, and some minor corrections)

  49. Eagle One says

    Sell Out Analysis Summary for Kennedy Silver Four Coin Set

    K13 Silver
    As of 11/09/2014 @ 11:59 PM EST
    180K will occur in 2472 hours or 103 days from first hour sales began on 10/28/14 at 12 Noon EST
    180K Target Date is estimated to be February 10th 2015
    1807 units per day average (sales are increasing)

    K13 Silver
    As of 11/16/2014 @ 11:59 PM EST
    180K will occur in 2840 hours or 118 days from first hour sales began on 10/28/14 at 12 Noon EST
    180K Target Date is estimated to be February 25th 2015
    967 units per day average (sales are slowing – may be due to website shut down)

    Raw Data:

    HRS: K13s Sold
    1: 35832
    3: 50070
    5: 64576
    8: 82137
    12: 85697
    26: 98748
    28: 99934
    132: 125147
    300: 137802
    468: 144,572

  50. Senior says

    Hello, You are suffering from i don’t know what the hell.Do you think anyone cares about your mindless estimates get real the trends point to 0 resolution .The only possible sell out could possibly could be the clad set at $9.95.The offering demands a balance of values this offering offers no balance .Collectors must hold the mints feet to the fire.

  51. Eagle One says

    @Senior,

    Mindless……..Ok

    For K13 :f(x) = 17898ln(x) + 37686
    For K14 : f(x) = 0.1763×3 – 36.277×2 + 2518.5x + 73720

    I was asked to dumb it down and put things in simpler terms. Maybe I didn’t dumb it down far enough?

  52. William Doucette says

    The U.S. Mint blew it on this set. I just sent 2 sets back due to debris encased with the coin and defects on the finishes which I’ve never seen on any other proof or commemorative set .
    I’ve been buying from the mint for a very long time and I’m becoming less interested in what they have to offer.
    The 300,000 limit would have been hit a long time ago on previous releases but this one is not selling well.
    The sold amount was 137,802 as of 11/17/2014 according to their customer service.
    Douce

  53. Senior says

    I was jazzed when this Kennedy series was announced I thought it was going to be a barn burner instead it seems to be what the cow left behind.i really don’t understand this quality control issues.Collectors are paying premium prices for these moderns.They deserve quality materials.I ordered 2 sets amd they both look good although the fit is so tight I haven’t seen the reverse of any of the coins.I’m sorry to hear so many disappointed collectors.I believe a boycott is in order.

Leave a Reply

Your email address will not be published. Required fields are marked *