Do any of you remember a "window" where Kennedy Half Dollars...

wondercoin

in PCGS-MS66 just started selling on ebay for upwards of $300-$500/coin for dates that were worth less than $100? Braddick you remember - right? Of course, the coins then fell back down to earth where they have remained ever since.

The reason then for the activity was simple - (2) or (3) fresh players in the MS Kennedy market wanted to complete their sets. The reason why that 76(d) Kennedy sold for close to $1200 tonight may be the same situation. Not to mention Richard Green "played" with these two bidders as well and was happy to try to upgrade the coin in his set at around the $1000 level. Here is a perfect example of what can happen to an MS modern series where just 1 or 2 new faces appear on the scene!! My buy price on the 76(d) in MS67 was around $500 and I had little doubt I would eventually fill that hole in my set down the road around that price level or less. I am not so sure anymore tonight.

IMHO, MS Kennedy halves are very exciting and underappreciated coins and the series has been overlooked for years now. It wouldn't take very much to ignite this series into an explosion and we may have seen the first "blast" tonight in that 1976(d) auction.

Wondercoin

cladking

Explosion in Kennedys?! Are you kidding? These are the only modern that's been collected
all along. People were putting high grade sets of these together back in the 1970'S!!! The
supply of these coins in high grade that haven't been slabbed probably reaches the double
digits for most dates. Where is the demand going to come from to soak up this kind of supply?
You modern guys kill me. You look at the pops and the prices and think that some day there'll
be dozens of people trying to put together nice sets or even hundreds trying to put together
sets of nice choice uncs. These coins may say "United States of America" right on them but don't
be fooled they are a commie plot and contain no silver!!!!!!!!

Sometimes it seems you modern guys believe your own hype.

wondercoin

"Where is the demand going to come from to soak up this kind of supply? You modern guys kill me."

Good point - my new buy price on the 76(d) is now $400. Who wants to sell one before prices crash?

Wondercoin

fantasiize

Mitch,

Don't look now but I think Cladking is about ready to snap ... I'll revive him ...


Cladking,

Ok put down your copy of "Mein Modern Kampf" and repeat after me ... clad is good, clad is good, clad is good ... ok, now go to all of your history books and delete/tear out any year references prior to 1965 ... now, how do you feel ??

braddick

Kennedies are generally priced so attractively now in PCGS MS66 and some in MS67 that I'm starting a new set all over again. (I won't probably register it until I get about 70% complete.)

It is a fun series to chase after, not impossible, but a bit tough on some of the dates in speck free/haze free condition.
I'm even finding some NGC Kennedies now that are true to grade and at 20 cents on the dollar compared to two or three years ago.

Remember how difficult the 1989-P in MS66 was? Guess what?

-It still is.
Some things NEVER change!

wondercoin

"I'm starting a new set all over again"

Pat: I guess you do remember

Wondercoin

cointime

Cladking,
.....

<< <i>You modern guys kill me >>

Where is this coming from. I think you need to change your handle Is it you or somone else that is always stating what clad coins look like for certain years and mint sets and the like? Do you make any graded coins or just buy them already slabbed? do you have a set? what is it? Never mind I don't really care

Mitch,
I never knew there was a time when MS66 50c kennedy halves were that tough It looks like times have changed, since there are more MS67 and MS68 coins to pick from ( I'm glad I wasn't collecting/paying higher prices for them). One thing for sure is, like Pat was saying about the 1989-P. If there is a plenty in the higher gem grade then why hasn't anyone made them? I maybe wrong, but it seems simple to me....they're just some years that are tough to make. How about the 1964 in MS68 (it hurt my eyes to look at ) that sold recently for $12,500.00 If they were that easy I think someone would make a few. I know it was pop 1, but I think a few more in 68 are probably not going to be made in the near future.

The other point you made I think is also right on, it was that there were a few collectors wanting to complete their sets. If you take the top 3 players out, the final price would be aroud $600 to $700. You still got a chance to find one, but not for $400.00

Ken

bennybravo

I remember well. I was at about 70% when things went nuts and I decided to sell.Those Kennedies paid for alot of nice Morgans.

wondercoin

Ken: IMHO, there was not "a time" when the better date MS66 coins were worth upwards of $500/coin. BUT, we saw it happen because supply is relatively "dry". It only took a couple new players wanting to complete a collection to drive prices through the roof. Of course, they fell back down thereafter as I did not see fresh collectors enter this market and several collectors saw the opportunity to sell of their collections (like Braddick).

I believe supply of pre-1998 Kennedys in high grade is fairly low. Demand appears to be the key. For the past several years demand has been low as, IMHO, MS Kennedies have been neglected. It will be interesting to see if this begins to change.

Also, watch out when Braddick quietly steps in!

Wondercoin

cladking

<< <i>ok, now go to all of your history books and delete/tear out any year references prior to 1965 ... now, how do you feel ?? >>



Hey thanks. That really helped. And all my coin books are so much thinner
that I think I can carry my library now.

cladking

<< <i> do you have a set? what is it? Never mind I don't really care

>>



Too late! I specialize in clad quarters but have sets of all the post 1964 coins.
Eventually I'll slab my duplicates for sale and enter registry sets.

I love Kennedies but they really have been pretty actively pursued by dozens of
collectors for many years. Certainly demand is the largest determinant of price
and it would seem inevitable that the Kennedys will come under greatly increasing
demand for a long long time.

Quarters on the other hand, have been nearly totally ignored. High grade examples
do tend to be more common because they were made this way but there aren't
double digit hordes of them out there like with the halfs.

wondercoin

The Numish (Jay) couldn't post this himself due to a faulty computer:

"I remember selling a 1998-P Half on ebay in MS-67 for over $400. Tried selling one on ebay last month for $60 with no takers. Ended up selling it to a board member for $50."

Jay - so true. I have a fixed priced auction on ebay right now for 1999(p) Kennedies in PCGS-MS67 at $18.50/coin!! Heck, they would cost a collector $12.50 just for the slab and the 50 cents inside the slab! And, try making MS67's yourself - it's hard selling off all those MS66 and MS65 coins that come back

Wondercoin

pontiacinf

Wow

I listened to the fights over what exactly is worth investing over the weekend when a couple morgan stanley guys told me what they thought of my collections. It was very interesting that these guys will speak of nothing but real estate...rest to them is pure junk. they have wrecked my view collecting and have me wanting to cash in.

I was extremely amused when I mentioned if I were the owner of the 33 dble eagle that sold at auction for 7.whatever...if i used as collateral, how much would you lend on that: the answer was 1/2 bullion value

they said these values are only in place because we put them there. Minute hype dies you out some big bucks

i have alot of thinking ta do

cladking

<< <i>

they said these values are only in place because we put them there. Minute hype dies you out some big bucks.

i have alot of thinking ta do >>



The same thing really applies to almost everything. Things are valued because of perception.
Sure soap, cars, tables, and clocks all have a utilitarian value but there are always alternatives.
Or at the least other brands. If things were valued only by their usefullness then soap would
cost a lot more than motorcycles.

Land and real estate is great as an investment but even land can be useless.

Datentype

Mitch, I remeber that period very well as I was right in the thick of it. Unfortuantely for you, i sold you several 1998-p ms67 kennedy's for $200-$400 as well as several others. The one's on Ebay were bid up crazy in ms66. 1990-p, 1991-p and 2002-p fetching $200-$300 in ms67 from a $4.99 start.

wondercoin

Mark: They say - if you're not making plenty of mistakes buy coins, then you are not buying enough coins Yes, I still have some "$200-$400" MS67 1998(p) Kennedies hanging around here! And, I sold a couple 20th century coins to a few collectors for a total sales price of less than $20,000 that are worth around $140,000 right now. But, I also bought numerous coins right too.

I have my MS Kennedy set open for all to see because I have no interest in chasing coins to silly levels and, therefore, I don't need to worry that someone will "hold me hostage". The set is being built under the "ten year plan", not the 10 week plan or 10 month plan that I see collectors sometimes using. IMHO, Richard Green will sell his MS collection one day and when he does a world record price will be established on a set of MS Kennedies. At that point, some collectors may say "hey, maybe these MS Kennedies in top grade are scarce and they are kind of neat coins too". At that point, it seems like a good idea to me to already own the #2 or #3 set in the country, especially if Green's set is broken up at that time.

Truly no "hype" intended here - as many of you already know, I seldom even offer out my dups for sale - which is why I never sold Mark's $200-$400 pile of 1998(p) MS67's

Wondercoin