Hey Newbies!!.......Future of Kennedy collections?

DCAMFranklin

Here is one of the premier PCGS dealers, David Hall Rare Coins (DHRC), with auctions for PCGS PR-69 DCAM Kennedy coins with an initial bid of $9.95 and a Buy It Now price of $15.00!

DCAM Kennedy #1

DCAM Kennedy #2

DCAM Kennedy #3

Two years ago, you could sell these common date PCGS PR-69 DCAM Kennedy coins for $39 on Ebay all day long. Today, a premier PCGS dealer, with as much knowledge of supply vs demand of a series as anyone in the business is DUMPING them at prices less than what it takes to make the coins. Don't be in a hurry!

braddick

I think if you submit a ton of these you actually pay less than ten$'s a pop- but you're point is still valid. These are going WAY cheap compared to where they were, not too long ago.

abmluce

just bought 2 from DHRC, 80-s and 81-s 69 dcam for 30.00 + 8.00 postage. Figure i'll hold them and give them to my kids in 20 years.

DHeath

Dcam,

I'll take a collection if you can build one, and will pay $12 per coin, thereby assuring your profit. The set must be complete (1971, 65-67, 64 AH, all silvers) in MS/PR69 Dcam (the coins listed in PCGS registry). Oh heck, make it $20 per coin. Wait, make it $50. Let's see (51x50) should be $2550. Wait.....make it $60. If your point is that common date PR69 Dcams are cheap, I agree, and they should be. If on the other hand you are of the opinion the whole series is cheap, or ever will be, my offer is good for the next calendar year (Oct 03). OK, so you believe the offer is unfair because it includes the keys, well how bout this. I'll take all the coins since 71 in PCGS PR69 Dcam for $12 per coin (complete including silvers). If they should really drop, I'll take the entire run from 72-current excluding silvers for $10 per coin. That offer is also good for the year.

BTW - no ICG

TheNumish

It's not a bad thing prices of these coins have come down. IMO it's just natural market forces at work. Take MS-64 Morgans. When slabbing first started they were up to $150-$200. Now you can buy nice ones all day long in the $37 area. It blows for the people who paid big bucks for them but they are great coins for $37. People still love to buy them. The proof Kennedy's were just too high before. Why should a coin that is so common carry such a premium? Doesn't make sense. These coins just went through the same cycle as the 64 Morgans. When they first got hot prices were way too high and as time passed they came down. People are still going to buy them.

As far as grading I think how it works for the big dealers grading these type of coins is that if you send PCGS at least 200 coins, no less than 50 of each date, they will only grade the 69DCAM's. If over 50% of the coins grade 69DCAM they charge $8-$10 for each coin they grade and if they grade less than 50% of the coins 69DCAM they charge $5 for each coin they look at. That's why you see so many 69DCAMS on the market compared to 68DCAMS.

PhillyJoe

Your point is valid. High grade common proofs are affordable - that statement could be said for any series. Don's point is also equally valid. Within every series, there are hard to find high grade coins. To say that Kennedys are dropping in value, as a whole, is a little off the mark. I find it interesting that in forty years of looking, PCGS has yet to grade a Accented Hair in Pr69 cameo. With over 50 coins in the proof series, there will always be the easy ones, but there will also be the prizes.

Joe

HuliganRS

$5 a coin... now that's a profit margin for you!

Rusty.

TheNumish

I should clarify I was talking about the common coins. There are coins like the 1971-S in 69 DCAM that are just about impossible to find. I think these coins will hold their value.

cladking

Around 5% of the common date Kennedies should go MS-69. With surviving
populations of around 2,500,000 for most proof Kennedies, they are pretty
common in these grades. If significant numbers of people want these in high
grades then populations around 125,000 are not that great. Proof set avail-
ability should mirror the mint sets to some degree. If these do not come onto
the market at a rate sufficient to meet current demand (which grows steadily),
they will appear to be much scarcer than they actually are and the high grade
coins will seem to be decidedly tough.

TheNumish

In my opinion there will always be plenty of common date coins to meet demand. There will never, never, never, never, never be a shortage of fresh proof sets deals on the market to go through. Mintages are just too high. As populations grow and we learn which coins are common and which are scarce prices will reflect those trends. For example take a 1987-S Half in Proof-69 DCAM. It will never go up in value from where it is right now. Nothing wrong paying $15 for one that is in a 69DCAM holder. You have a beautiful coin in a holder that looks nice but the days of $30-$40 common coins are over never to return.

DHeath

Dcam's right about the price movement of common coins, and I only nudged him a bit to remind him generalizations are usually inaccurate and tend to obscure the truth. I also think the lower prices are a good thing. I will build as many sets as I can purchase when the PCGS PR69 Dcam coins sell for the grading fee. As a buyer, I'd love to see all coins drop. I think the only ones who root for higher prices would be sellers. As a long term collector, I hope they remain inexpensive till I get my fill. I'm not sure in the current economy that we won't all get a chance to bargain shop soon enough.

cladking

There are thousands of collectors going through thousands of proof sets and
they have been doing it for decades. There may well long be fresh proof sets
on the market, but competition for these sets will become extreme when the
current demand becomes larger than the current supply.

Geoman

WOW! Good prices. I am a "Newbie" that is looking to start my Kennedy Half series. However, the shipping seems a little high at $6.50. Can't really see buying a coin for $9.95, and then pay $6.50 for shipping.

-Geoman

DHeath

Geoman,

Multiple coins drops the rate to $8 for the package. Still high, but ok if you buy 4 or 5 coins.

tristarz

lccoins on eBay usually has several 69dcam Kennedys. They only charge $1 per coin for shipping. Good vendor to deal with.

Gilbert

Here's a thought. These are the leftovers after busting out the SBAs.