Was KinCoin right? Silver proof die cracks galore!
crito
Posts: 1,735 ✭
So I just read collect.com's Numismatic eNewsletter. According to Ken Potter "Error dealers around the country have estimated the value of this newest Spiked Head find to be at least double, possibly triple, the current $70 retail value of the full 2002 silver proof set." and the editor said "Now a second coin variety has been discovered in the 2002-S silver proof set that could make some sets worth four to six times original issue price."
Original article on spiked head kennedy
KinCoin was told die cracks add nothing (or very little at best) to the value of these coins...
Original article on spiked head kennedy
KinCoin was told die cracks add nothing (or very little at best) to the value of these coins...
0
Comments
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
The only thing necessary for evil to triumph is for good men to do nothing.
It's not coming out of the head or chin, more like the neck, straight through the D, to rim. I'm calling it "George on a stick" but "the spiked neck Tennessee clad proof variety" is OK too I wonder if that'll fit on a slab label, hehe
I'll believe the estimates when I see actual sales at those prices.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>Was KinCoin right? >>
Well he is/was THE KING OF COINS!
personally, I wouldn't pay any premium for them unless they looked like that CWT that Shylock posted a pic of.
Name recognition can be another driving force of percieved value.ah la ``55 Bugs Bunny Half`,................
Lets call this one the `3 legged Kennedy`.
I don't doubt that Potter & Weinberg quoted the sets @ 4-6X issue price since they will be selling the sets.
IMO it's just a bunch of hype like all the new discoveries are. They will have strong prices at first until the handfull of collectors who want those kind of things get theirs then fizzle out.
the cracks don't seem all that large or dramatic to me, and the importance of the "head" location eludes me. Bugs Bunny Franklin's I can understand, but a spiked chin or head as opposed to another part of a founding father's anatomy... I don't get it
Any prems will come from the marketing hype and not the nature of the error. IMO of course.
Personally, I can't see a die crack commanding that much premium.
No idea rd. I don't have one of those.
" 'I'd say my level is $300 to $500,' Weinberg said. 'It's not a $2000 coin.' Another error dealer would concur with Weinberg that this is 'not a $2000 coin'--but that's because he publicly declared that the cracked Kennedy was worth $5000."
The article did not identify who this error dealer was.