<< <i>Everything is normal so far. Coins on hold while they check credit cards. Cancel box there. Shipping date is still 5/8. So what is the problem? Are you having second thoughts? Concerned your coins have not sold yet on ebay. $6000 on your credit card concerning you? Rest easy, gold is on it's way up and so will the price of these coins when that happens. >>
I thought you had stated after the HOF fiasco that you would never deal with the US Mint again. Now you are defending them and telling people to be patient? LOL.. >>
I started collecting Jefferson nickels in 1956, and then double dies in 1959 when I found a 1955 ddo cent in lunch change. I have seen this hobby really change, and sadly, none for the better. This is no longer a hobby about the joys of coin collecting and the fun of friendships made and information freely shared. It has become a greed centric melting pot that is more or less controlled and manipulated by a relative handful of megalomaniacs intent on cornering and controlling every last scrap of the marketplace. It's all become about a few insiders doing the old..."I have the finest known this or that" or the old "I know everything and you know nothing" routine...and, if you just happen to really have the finest known this or that, and not them, well, somehow the value of your cherry find becomes greatly diminished. Is there really any wonder why most coin clubs have no younger members? They can see the overt greed and so they rightly run for the nearest exits. And, who does that leave? A bunch of ill equiped middle aged fools looking for a fast buck profit in a very crooked and loaded game. Need I say that most investors lose their money, or at best, maybe just get it back in 20-30 years? Do not believe it? Look at the lemmings that are chasing this new gold Kennedy for a first day of issue moniker. The way I see it, when the U.S. mint started selling us U.S. Gold coins with 5 dollars or 10 dollars stamped on them for hundreds, if not thousands of dollars, they started selling to an ignorant public nothing more than way overpriced bullion coins. When the grading services saw the U.S. Mint scamming the public and getting away with it, their natural greed took over. They quickly recognized that they also could fleece the public and mint themselves a bunch of money from nothing, by doing not much more than printing their own worthless "1st day of issue" paper... without going to prison. So, where does that leave the collector/investor? Well, basically SOL. Someone espoused about how buying these junk Kennedy's was a good investment because bullion was going to go up. Really? If you know so much about what gold prices are going to do, then why buy coins instead of options on gold futures dude? Maybe a speculator hoarder looking to burn someone might suggest that any fool should pay double bullion value for these coins because gold may go up. Yeah, and then what, maybe you can get your money back while some other jerk already done run off with your hard earned cash? Well guess what, dealers need this junk to stay in business. Rare coins are.... well go ahead and guess...they are rare. It's kinda tough for any dealer to make a living and to "hoard the really rare and valuable ones for themselves" if they do not have ignorant customers they can dupe into taking their common grade junk off their hands. Buyer beware. If you are a coin head, join a club and buy the book. Sell a few coins back to your local dealers and see what wins and losses you really will face if ever it comes time to sell or exit the market. Collecting is not much fun if you loose all the time. That one simple reality is what makes me think that most dealers are worthless ignorants. They are willing and dunb enough to kill the golden goose that feeds them. Head for the exits folks, this 1st day of issue profiteering scam smells like a real stinker. Just does not seem right nor ethical. Serious numismatics requires serious study, time, and effort. Are there some good honest dealers, well sure. However this is a rare coin business for all dealers, and a legitimate and honest rare coin dealer is probably rarer than the coins they hawk. Buyer beware. There are still a lot of much nicer gold coins out there that trade nominally above bullion value and that are scarce and actually worth buying.
<< <i>I started collecting Jefferson nickels in 1956, and then double dies in 1959 when I found a 1955 ddo cent in lunch change. I have seen this hobby really change, and sadly, none for the better. This is no longer a hobby about the joys of coin collecting and the fun of friendships made and information freely shared. It has become a greed centric melting pot that is more or less controlled and manipulated by a relative handful of megalomaniacs intent on cornering and controlling every last scrap of the marketplace. It's all become about a few insiders doing the old..."I have the finest known this or that" or the old "I know everything and you know nothing" routine...and, if you just happen to really have the finest known this or that, and not them, well, somehow the value of your cherry find becomes greatly diminished. Is there really any wonder why most coin clubs have no younger members? They can see the overt greed and so they rightly run for the nearest exits. And, who does that leave? A bunch of ill equiped middle aged fools looking for a fast buck profit in a very crooked and loaded game. Need I say that most investors lose their money, or at best, maybe just get it back in 20-30 years? Do not believe it? Look at the lemmings that are chasing this new gold Kennedy for a first day of issue moniker. The way I see it, when the U.S. mint started selling us U.S. Gold coins with 5 dollars or 10 dollars stamped on them for hundreds, if not thousands of dollars, they started selling to an ignorant public nothing more than way overpriced bullion coins. When the grading services saw the U.S. Mint scamming the public and getting away with it, their natural greed took over. They quickly recognized that they also could fleece the public and mint themselves a bunch of money from nothing, by doing not much more than printing their own worthless "1st day of issue" paper... without going to prison. So, where does that leave the collector/investor? Well, basically SOL. Someone espoused about how buying these junk Kennedy's was a good investment because bullion was going to go up. Really? If you know so much about what gold prices are going to do, then why buy coins instead of options on gold futures dude? Maybe a speculator hoarder looking to burn someone might suggest that any fool should pay double bullion value for these coins because gold may go up. Yeah, and then what, maybe you can get your money back while some other jerk already done run off with your hard earned cash? Well guess what, dealers need this junk to stay in business. Rare coins are.... well go ahead and guess...they are rare. It's kinda tough for any dealer to make a living and to "hoard the really rare and valuable ones themselves" if they do not have ignorant customers they can dupe into taking their common grade junk off their hands. Buyer beware. If you are a coin head, join a club and buy the book. Sell a few coins back to your local dealers and see what wins and losses you really will face if ever it comes time to sell or exit the market. Collecting is not much fun if you loose all the time. Head for the exits folks, this 1st day of issue profiteering scam a real stinker. Serious numismatics requires serious study, time, and effort. Are there good honest dealers, well sure. However this is a rare coin business for all dealers, and a legitimate and honest rare coin dealer is probably rarer than the coins they hawk. Buyer beware. There are still a lot of much nicer gold coins out there that trade nominally above bullion value and that are scarce and actually worth buying.
>>
Well my son is 18, stood in line for 9 1/2 hours, and he is pretty happy and wants to come to more coin shows!
I couldn't be happier for him.
I manage money. I earn money. I save money . I give away money. I collect money. I don’t love money . I do love the Lord God.
Good for him. Need more youngsters to do the same. Maybe he can get his pals involved. Makes it more fun when you have someone to share with. Knowledge is triumph. I hope he takes the time and effort to educate himself so that he can get the full benefit of his endeavors. It is not always about the money.
<< <i>Anybody at ANA looking for Kennedy Golds? I have a friend who has 40 of them in Chicago right now. PM me if interested. (the coins are from DC) >>
Woooeee! At $2500 each that's a cool $100k at ANA!
<< <i>I am very patient until I see what is going to happen with these coins.
I will take delivery of my five coins and then decide what I am going to do. >>
Well, that was fast! I guess you have received them already as I see you have them all 5 of them on the BST for sale now. I only hope you do not become frustrated or impatient again with the Mint after your having sworn off them with the HOF issue!
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
<< <i>Anybody at ANA looking for Kennedy Golds? I have a friend who has 40 of them in Chicago right now. PM me if interested. (the coins are from DC) >>
Hey Sparky, this is a 'Buy this overpriced Kennedy Gold piece cuz the "DATE" on my plastic says it's worth more than common sense' post ain't it? Create the illusion of exclusivity and watch the people lust. It was bad enough when we started paying dealers to grade our coins and it became the norm, but I probably actually went cranky when I had to become a grading expert past the old school bulwark of MS60 and MS65. Now I gotta track slab dates?..Not me. This reminds me of the old boat owners adage of "the happiest day of their ownership is the day they buy the boat, and the day they sell it".
<< <i>I started collecting Jefferson nickels in 1956, and then double dies in 1959 when I found a 1955 ddo cent in lunch change. I have seen this hobby really change, and sadly, none for the better. This is no longer a hobby about the joys of coin collecting and the fun of friendships made and information freely shared. It has become a greed centric melting pot that is more or less controlled and manipulated by a relative handful of megalomaniacs intent on cornering and controlling every last scrap of the marketplace. It's all become about a few insiders doing the old..."I have the finest known this or that" or the old "I know everything and you know nothing" routine...and, if you just happen to really have the finest known this or that, and not them, well, somehow the value of your cherry find becomes greatly diminished. Is there really any wonder why most coin clubs have no younger members? They can see the overt greed and so they rightly run for the nearest exits. And, who does that leave? A bunch of ill equiped middle aged fools looking for a fast buck profit in a very crooked and loaded game. Need I say that most investors lose their money, or at best, maybe just get it back in 20-30 years? Do not believe it? Look at the lemmings that are chasing this new gold Kennedy for a first day of issue moniker. The way I see it, when the U.S. mint started selling us U.S. Gold coins with 5 dollars or 10 dollars stamped on them for hundreds, if not thousands of dollars, they started selling to an ignorant public nothing more than way overpriced bullion coins. When the grading services saw the U.S. Mint scamming the public and getting away with it, their natural greed took over. They quickly recognized that they also could fleece the public and mint themselves a bunch of money from nothing, by doing not much more than printing their own worthless "1st day of issue" paper... without going to prison. So, where does that leave the collector/investor? Well, basically SOL. Someone espoused about how buying these junk Kennedy's was a good investment because bullion was going to go up. Really? If you know so much about what gold prices are going to do, then why buy coins instead of options on gold futures dude? Maybe a speculator hoarder looking to burn someone might suggest that any fool should pay double bullion value for these coins because gold may go up. Yeah, and then what, maybe you can get your money back while some other jerk already done run off with your hard earned cash? Well guess what, dealers need this junk to stay in business. Rare coins are.... well go ahead and guess...they are rare. It's kinda tough for any dealer to make a living and to "hoard the really rare and valuable ones for themselves" if they do not have ignorant customers they can dupe into taking their common grade junk off their hands. Buyer beware. If you are a coin head, join a club and buy the book. Sell a few coins back to your local dealers and see what wins and losses you really will face if ever it comes time to sell or exit the market. Collecting is not much fun if you loose all the time. That one simple reality is what makes me think that most dealers are worthless ignorants. They are willing and dunb enough to kill the golden goose that feeds them. Head for the exits folks, this 1st day of issue profiteering scam smells like a real stinker. Just does not seem right nor ethical. Serious numismatics requires serious study, time, and effort. Are there some good honest dealers, well sure. However this is a rare coin business for all dealers, and a legitimate and honest rare coin dealer is probably rarer than the coins they hawk. Buyer beware. There are still a lot of much nicer gold coins out there that trade nominally above bullion value and that are scarce and actually worth buying.
>>
DUDE.. some of the forum members do trade .. I have seen a friend's 7 figure July P/L statement trading gold and others...that is why these successful traders spend money on coins, cars, art, vacation homes they are much smarter to make money buying / selling anything looks like the light is out or no one home
<< <i>I am very patient until I see what is going to happen with these coins.
I will take delivery of my five coins and then decide what I am going to do. >>
Well, that was fast! I guess you have received them already as I see you have them all 5 of them on the BST for sale now. I only hope you do not become frustrated or impatient again with the Mint after your having sworn off them with the HOF issue! >>
I see the handwriting on the wall for these coins. There has not been a sale on ebay since they came out. I found someone on the forum that wanted the box of 4 that I have coming so I sold them to him cheap ( he knows I do not have them yet). I still made $300 plus and he is happy. I am not one to stick around and lose money on a dud. I will probably be in on the silver sets when they come up, we shall see.
<< <i>This is a complete circus, all for a coin no less. That's the truth. >>
It's not a coin. When the dust settles it's impossible to tell today's ANA coin from the last one sold when the mint closes sales. And they will mint to demand.
It's the combination of a coin, and a label that 'proves' the provenance. And that's the bogon here... so what? This coin is one of [guessing] 800 MS70 coins out of 1500 that XYZS can trace back to the 2014 ANA show which are among the first coins the mint released. That is ALL it says. and so what? Are there really that many fools chasing a piece of paper? There is no way to prove they are the first minted... heck those are probably on the bottom of the pallet and orders filled from the top... They aren't first from a die - with a 600 coin die life those are scattered throughout the run.
This isn't numismatics. It's not coin collecting. It's Beanie Babies - or for the more literate - Dutch Tulip bulbs.
Now if one were to be in the business of creating replicas, here is an attractive piece of paper and plastic to target!!!! >>
<< <i>Good for him. Need more youngsters to do the same. Maybe he can get his pals involved. Makes it more fun when you have someone to share with. Knowledge is triumph. I hope he takes the time and effort to educate himself so that he can get the full benefit of his endeavors. It is not always about the money. >>
Actually my son is going to do it again tonite. He is calling his buddies and encouraging a few of them to drive up from St Louis.
I heard bid from dealer my son sold to today is now $2200.
I manage money. I earn money. I save money . I give away money. I collect money. I don’t love money . I do love the Lord God.
Was at the Chicago ANA show again today... unlike yesterday, I did get a gold Kennedy Half today. Was a crazy and tiring experience. After buying for $1240, I was immediately made offers to sell the coin to dealers for $3350 and $3400. Unlike nearly every other buyer, I told them heck no! I have a coin club meeting on Friday evening and this is going to be my show and tell. Sure, I passed easy $2100+ profit, but then I wouldn't be the first in my club to have one, haha I did need to get it graded to preserve the ANA show pedigree for whatever that is worth. Neither PCGS nor NGC could guarantee I would get my coin back from grading at the show by Thursday afternoon (as that'll be my last time at the show). So instead of paying the $100 grading fee at NGC, I paid the $150 to get the coin graded in 4 hours. About 4 hours later I had my coin in a slab. Got PF69 Ultra Cameo which I suspected. I looked a couple of others before the Mint told me I had to take one and ALL I saw had very minor issues. The one I ended up with has a tiny scuff in the field just off the Y of LIBERTY and a couple of tiny spots in the right side reverse field. Still a really pretty coin, but not sure the NGC PF69UC will ever go for $3550 ($3400 I turned down + my $150 grading fee). I certainly left some cash on the table with this one... but I really don't care too much about that. I think this label will still carry some premium for some reason and I can just sell it after showing it off to my friends
Am I the only one at the ANA show (other than major dealers) that will be taking the coin home with me???
When i left the show about 5:30pm there were already 50 people in line.
PD also had the barricades up along River Road north to the traffic light... hopefully this will prevent last night's fun and games from reoccuring. Several dealers I spoke with who had rooms overlooking the convention center were up most of the night between the sirens and the loud hailer.
Time to reread "The devil take the hindmost"
-----Burton ANA 50 year/Life Member (now "Emeritus")
Yo Bestday, whats with the lights out smirk? ...You don't wanna make this personal do ya? People are welcome to buy and sell to their hearts content all day long and I do not have any problem with it. I also buy and sell and have been doing it all of my life. As a multi decades long numistmatist, when I reference coins and their relative performance over time, I tend to know what I am talking about because I have tracked the market for over 50 years and have seen the runs and busts. A few gamblers/speculators buying and selling to each other to see who can out scam the other is Ok with me. That is trading and not the serious study of numismatics. The two can go hand in hand, but it is not necessary. Numismatists need to know what they are trading in while speculator/traders really do not need to know much if anything about what they trade. They just need to know enough to know how it trades...and where their end buyer is likely to be found if they get stuck with the trade. However, and this is the important part, once the traders charade has played itself out, and after they have managed to artificially manipulate the market price upward into bubble land, they gonna need an exit strategy and some poor sucker to pay the tab who is not likely to be aware of the game just played. It is kinda like musical chairs or a Ponzi scheme. The ultimate long term or end of the line collector/investor will get stuck holding the bag. That is not coin collecting, that is just a lipstick on a pig fraud.
<< <i>Was at the Chicago ANA show again today... unlike yesterday, I did get a gold Kennedy Half today. Was a crazy and tiring experience. After buying for $1240, I was immediately made offers to sell the coin to dealers for $3350 and $3400. Unlike nearly every other buyer, I told them heck no! I have a coin club meeting on Friday evening and this is going to be my show and tell. Sure, I passed easy $2100+ profit, but then I wouldn't be the first in my club to have one, haha I did need to get it graded to preserve the ANA show pedigree for whatever that is worth. Neither PCGS nor NGC could guarantee I would get my coin back from grading at the show by Thursday afternoon (as that'll be my last time at the show). So instead of paying the $100 grading fee at NGC, I paid the $150 to get the coin graded in 4 hours. About 4 hours later I had my coin in a slab. Got PF69 Ultra Cameo which I suspected. I looked a couple of others before the Mint told me I had to take one and ALL I saw had very minor issues. The one I ended up with has a tiny scuff in the field just off the Y of LIBERTY and a couple of tiny spots in the right side reverse field. Still a really pretty coin, but not sure the NGC PF69UC will ever go for $3550 ($3400 I turned down + my $150 grading fee). I certainly left some cash on the table with this one... but I really don't care too much about that. I think this label will still carry some premium for some reason and I can just sell it after showing it off to my friends
Am I the only one at the ANA show (other than major dealers) that will be taking the coin home with me???
Some quick pics at the hotel w/ my phone:
>>
Thanks for the great pics!! The reverse looks very nice.
Hind sight is 20/20. While you're at it don't you wish you loaded up on 1995 gold eagle sets with the free silver eagle? Why don't we start a don't you wish thread?
Because the ANA first day release labels are no longer available the flip premiums have tumbled although if you immediately resold your coin today you would still make a substantial profit. You would pocket a profit of several hundred dollars instead of several thousand dollars.
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm.
Follow me on Twitter @wtcgroup Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
What do you think would take place if all of a sudden the mint said they will "not strike" no more?. Say a problem obtaining the planchets or something on that line. Boy would that add some spice to it. Your thoughts?
What are your ideas if the USM were to announce that that organization will no longer be offering future " First Day of Release" coins any longer at the major coin shows across the country in the future; thus the 2014 Kennedy Gold label is the last that TPG show label that could be obtained ?? Thanks.
<< <i>Because the ANA first day release labels are no longer available the flip premiums have tumbled although if you immediately resold your coin today you would still make a substantial profit. You would pocket a profit of several hundred dollars instead of several thousand dollars.
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm. >>
The line now stretches back around the center towards the Hyatt, if not to and past the Hyatt. Insane.
<< <i>Because the ANA first day release labels are no longer available the flip premiums have tumbled although if you immediately resold your coin today you would still make a substantial profit. You would pocket a profit of several hundred dollars instead of several thousand dollars.
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm. >>
The line now stretches back around the center towards the Hyatt, if not to and past the Hyatt. Insane. >>
only a matter of time before a catastrophe hits the show line .... whether someone getting hit by an auto or whatever
<< <i>Yo Bestday, whats with the lights out smirk? ...You don't wanna make this personal do ya? People are welcome to buy and sell to their hearts content all day long and I do not have any problem with it. I also buy and sell and have been doing it all of my life. As a multi decades long numistmatist, when I reference coins and their relative performance over time, I tend to know what I am talking about because I have tracked the market for over 50 years and have seen the runs and busts. A few gamblers/speculators buying and selling to each other to see who can out scam the other is Ok with me. That is trading and not the serious study of numismatics. The two can go hand in hand, but it is not necessary. Numismatists need to know what they are trading in while speculator/traders really do not need to know much if anything about what they trade. They just need to know enough to know how it trades...and where their end buyer is likely to be found if they get stuck with the trade. However, and this is the important part, once the traders charade has played itself out, and after they have managed to artificially manipulate the market price upward into bubble land, they gonna need an exit strategy and some poor sucker to pay the tab who is not likely to be aware of the game just played. It is kinda like musical chairs or a Ponzi scheme. The ultimate long term or end of the line collector/investor will get stuck holding the bag. That is not coin collecting, that is just a lipstick on a pig fraud. >>
like the market ,who cares about opinions.. let people make money.. buy the Kennedys, and youall can as righteous as you like .. funny... not a peep here on the numismatic part of the ANA show.. one thing for certain these gold kennedys are not junk!!
<< <i>Was at the Chicago ANA show again today... unlike yesterday, I did get a gold Kennedy Half today. Was a crazy and tiring experience. After buying for $1240, I was immediately made offers to sell the coin to dealers for $3350 and $3400. Unlike nearly every other buyer, I told them heck no! I have a coin club meeting on Friday evening and this is going to be my show and tell. Sure, I passed easy $2100+ profit, but then I wouldn't be the first in my club to have one, haha I did need to get it graded to preserve the ANA show pedigree for whatever that is worth. Neither PCGS nor NGC could guarantee I would get my coin back from grading at the show by Thursday afternoon (as that'll be my last time at the show). So instead of paying the $100 grading fee at NGC, I paid the $150 to get the coin graded in 4 hours. About 4 hours later I had my coin in a slab. Got PF69 Ultra Cameo which I suspected. I looked a couple of others before the Mint told me I had to take one and ALL I saw had very minor issues. The one I ended up with has a tiny scuff in the field just off the Y of LIBERTY and a couple of tiny spots in the right side reverse field. Still a really pretty coin, but not sure the NGC PF69UC will ever go for $3550 ($3400 I turned down + my $150 grading fee). I certainly left some cash on the table with this one... but I really don't care too much about that. I think this label will still carry some premium for some reason and I can just sell it after showing it off to my friends
Am I the only one at the ANA show (other than major dealers) that will be taking the coin home with me???
Some quick pics at the hotel w/ my phone:
>>
how can dealers make money paying 3,300 a coin ?? throw in a 100 for grading .. it comes out 3400.00. unless the dealers know some upcoming event concerning the gold kennedy
<< <i>While you're at it don't you wish you loaded up on 1995 gold eagle sets with the free silver eagle >>
I did. I bought three direct from the US Mint. No BS.
I bought many UHR's, graded them, sold some off, still have a decent amount.
This coin feels like the UHR type to me. Not that it's as pretty a design, as unique, etc. but it is very different. It is the Kennedy type coin. >>
I see similarities but where it goes, nobody knows. The UHR benefited greatly from a rapid run up in gold prices. Gold went from $900 to $1500 in the 24 months after the UHR was released. If gold go from $1300 to $1900 in the next 2 years then this Kennedy will have a great run.
In-hand the UHR was underwhelming to me. My 50 year old eyes just didn't pick up the design detail off a 27mm coin like a 34mm Saint. The Kennedy at 30.6mm has the size and design appeal. The price of gold is the wildcard.
<< <i>Because the ANA first day release labels are no longer available the flip premiums have tumbled although if you immediately resold your coin today you would still make a substantial profit. You would pocket a profit of several hundred dollars instead of several thousand dollars.
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm. >>
The line now stretches back around the center towards the Hyatt, if not to and past the Hyatt. Insane. >>
only a matter of time before a catastrophe hits the show line .... whether someone getting hit by an auto or whatever >>
Over the last two nights fights have broken out and at least one person had been trampled so injuries would be nothing new. There is enough police presence to keep drivers driving slowly through the area. For the first time there are barricades installed.
The line has stretched to the eastern end of Bryn Mawr Avenue. As of this time things appear more civil than they ever have.
Follow me on Twitter @wtcgroup Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>Because the ANA first day release labels are no longer available the flip premiums have tumbled although if you immediately resold your coin today you would still make a substantial profit. You would pocket a profit of several hundred dollars instead of several thousand dollars.
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm. >>
The line now stretches back around the center towards the Hyatt, if not to and past the Hyatt. Insane. >>
only a matter of time before a catastrophe hits the show line .... whether someone getting hit by an auto or whatever >>
Over the last two nights fights have broken out and at least one person had been trampled so injuries would be nothing new. There is enough police presence to keep drivers driving slowly through the area. For the first time there are barricades installed.
The line has stretched to the eastern end of Bryn Mawr Avenue. As of this time things appear more civil than they ever have. >>
Who says coin collecting is dying? It seems very alive to me. It's pretty cool that the Mint can generate this much interest.
<< <i>Because the ANA first day release labels are no longer available the flip premiums have tumbled although if you immediately resold your coin today you would still make a substantial profit. You would pocket a profit of several hundred dollars instead of several thousand dollars.
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm. >>
The line now stretches back around the center towards the Hyatt, if not to and past the Hyatt. Insane. >>
only a matter of time before a catastrophe hits the show line .... whether someone getting hit by an auto or whatever >>
Over the last two nights fights have broken out and at least one person had been trampled so injuries would be nothing new. There is enough police presence to keep drivers driving slowly through the area. For the first time there are barricades installed.
The line has stretched to the eastern end of Bryn Mawr Avenue. As of this time things appear more civil than they ever have. >>
Who says coin collecting is dying? It seems very alive to me. It's pretty cool that the Mint can generate this much interest. >>
An argument can be made that any publicity is good publicity but this publicity is really pushing it, especially in the numismatic world. The hired help are not doing this for the love of numismatics. They are doing this to earn quick, easy money.
I'm sure a handful of the paid help might get the numismatic seed planted in their heads but the other 99.9% are doing it to get paid. If it were phones, porcelain dolls, concert tickets or Wonka Bars with golden tickets inside they'd be in line buying those too.
Follow me on Twitter @wtcgroup Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>UHRs still trade raw for 2000+ at 1300 gold, so regardless of the run of gold Up and then down, these still trade at least 1.5x bullion >>
This is true and is telling on another unlimited mintage modern gold piece. If gold is even at $1300 again next year then this Kennedy will do well. If gold hits $1500 next year it could be a big winner. I don't believe the gold Kennedy will fall under mint prices unless gold tanks.
I know I stated earlier on one of these threads that your risk at 1300 gold is around 265.......just based on melt.
Dealer buy on proof gold is $200/over per oz. Making your risk in this gold Kennedy around $115. If you have money available to deploy in these, it's not much of a risk.
Better example would be don't you wish you had ordered more First Spouse gold coins?
No comparison between this dud and the UHR, IMO.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Comments
<< <i>The real winners are the people who immediately resold their coin for a handsome profit. >>
Another real winner is ebay, they cleaned up on the HOF coins, and will on these also "That is IF they sell....
I'm watching him at ANA about to buy a coin
I'm excited for him.
What's the dealer bid ?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>My son got in line at 1am
I'm watching him at ANA about to buy a coin
I'm excited for him.
What's the dealer bid ? >>
Wow my son just doubled his money and sold to a dealer for $2500!
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>
<< <i>My son got in line at 1am
I'm watching him at ANA about to buy a coin
I'm excited for him.
What's the dealer bid ? >>
Wow my son just doubled his money and sold to a dealer for $2500!
Score! Now he can go to the show and buy a REAL coin.
<< <i>
<< <i>
<< <i>Everything is normal so far.
Coins on hold while they check credit cards.
Cancel box there.
Shipping date is still 5/8.
So what is the problem?
Are you having second thoughts?
Concerned your coins have not sold yet on ebay.
$6000 on your credit card concerning you?
Rest easy, gold is on it's way up and so will the price of these coins when that happens. >>
I thought you had stated after the HOF fiasco that you would never deal with the US Mint again. Now you are defending them and telling people to be patient? LOL.. >>
I will take delivery of my five coins and then decide what I am going to do.
<< <i>
<< <i>My son got in line at 1am
I'm watching him at ANA about to buy a coin
I'm excited for him.
What's the dealer bid ? >>
Wow my son just doubled his money and sold to a dealer for $2500!
There must be a chit-ton of cash floating around that show.
I have seen this hobby really change, and sadly, none for the better.
This is no longer a hobby about the joys of coin collecting and the fun of friendships made and information freely shared.
It has become a greed centric melting pot that is more or less controlled and manipulated by a relative handful of megalomaniacs intent on cornering and controlling every last scrap of the marketplace.
It's all become about a few insiders doing the old..."I have the finest known this or that" or the old "I know everything and you know nothing" routine...and, if you just happen to really have the finest known this or that, and not them, well, somehow the value of your cherry find becomes greatly diminished.
Is there really any wonder why most coin clubs have no younger members?
They can see the overt greed and so they rightly run for the nearest exits.
And, who does that leave?
A bunch of ill equiped middle aged fools looking for a fast buck profit in a very crooked and loaded game.
Need I say that most investors lose their money, or at best, maybe just get it back in 20-30 years?
Do not believe it? Look at the lemmings that are chasing this new gold Kennedy for a first day of issue moniker.
The way I see it, when the U.S. mint started selling us U.S. Gold coins with 5 dollars or 10 dollars stamped on them for hundreds, if not thousands of dollars, they started selling to an ignorant public nothing more than way overpriced bullion coins.
When the grading services saw the U.S. Mint scamming the public and getting away with it, their natural greed took over.
They quickly recognized that they also could fleece the public and mint themselves a bunch of money from nothing, by doing not much more than printing their own worthless "1st day of issue" paper... without going to prison.
So, where does that leave the collector/investor?
Well, basically SOL.
Someone espoused about how buying these junk Kennedy's was a good investment because bullion was going to go up.
Really? If you know so much about what gold prices are going to do, then why buy coins instead of options on gold futures dude?
Maybe a speculator hoarder looking to burn someone might suggest that any fool should pay double bullion value for these coins because gold may go up.
Yeah, and then what, maybe you can get your money back while some other jerk already done run off with your hard earned cash?
Well guess what, dealers need this junk to stay in business.
Rare coins are.... well go ahead and guess...they are rare.
It's kinda tough for any dealer to make a living and to "hoard the really rare and valuable ones for themselves" if they do not have ignorant customers they can dupe into taking their common grade junk off their hands.
Buyer beware. If you are a coin head, join a club and buy the book. Sell a few coins back to your local dealers and see what wins and losses you really will face if ever it comes time to sell or exit the market.
Collecting is not much fun if you loose all the time. That one simple reality is what makes me think that most dealers are worthless ignorants. They are willing and dunb enough to kill the golden goose that feeds them.
Head for the exits folks, this 1st day of issue profiteering scam smells like a real stinker.
Just does not seem right nor ethical.
Serious numismatics requires serious study, time, and effort.
Are there some good honest dealers, well sure.
However this is a rare coin business for all dealers, and a legitimate and honest rare coin dealer is probably rarer than the coins they hawk.
Buyer beware.
There are still a lot of much nicer gold coins out there that trade nominally above bullion value and that are scarce and actually worth buying.
<< <i>I started collecting Jefferson nickels in 1956, and then double dies in 1959 when I found a 1955 ddo cent in lunch change.
I have seen this hobby really change, and sadly, none for the better.
This is no longer a hobby about the joys of coin collecting and the fun of friendships made and information freely shared.
It has become a greed centric melting pot that is more or less controlled and manipulated by a relative handful of megalomaniacs intent on cornering and controlling every last scrap of the marketplace.
It's all become about a few insiders doing the old..."I have the finest known this or that" or the old "I know everything and you know nothing" routine...and, if you just happen to really have the finest known this or that, and not them, well, somehow the value of your cherry find becomes greatly diminished.
Is there really any wonder why most coin clubs have no younger members?
They can see the overt greed and so they rightly run for the nearest exits.
And, who does that leave?
A bunch of ill equiped middle aged fools looking for a fast buck profit in a very crooked and loaded game.
Need I say that most investors lose their money, or at best, maybe just get it back in 20-30 years?
Do not believe it? Look at the lemmings that are chasing this new gold Kennedy for a first day of issue moniker.
The way I see it, when the U.S. mint started selling us U.S. Gold coins with 5 dollars or 10 dollars stamped on them for hundreds, if not thousands of dollars, they started selling to an ignorant public nothing more than way overpriced bullion coins.
When the grading services saw the U.S. Mint scamming the public and getting away with it, their natural greed took over.
They quickly recognized that they also could fleece the public and mint themselves a bunch of money from nothing, by doing not much more than printing their own worthless "1st day of issue" paper... without going to prison.
So, where does that leave the collector/investor?
Well, basically SOL.
Someone espoused about how buying these junk Kennedy's was a good investment because bullion was going to go up.
Really? If you know so much about what gold prices are going to do, then why buy coins instead of options on gold futures dude?
Maybe a speculator hoarder looking to burn someone might suggest that any fool should pay double bullion value for these coins because gold may go up.
Yeah, and then what, maybe you can get your money back while some other jerk already done run off with your hard earned cash?
Well guess what, dealers need this junk to stay in business.
Rare coins are.... well go ahead and guess...they are rare.
It's kinda tough for any dealer to make a living and to "hoard the really rare and valuable ones themselves" if they do not have ignorant customers they can dupe into taking their common grade junk off their hands.
Buyer beware. If you are a coin head, join a club and buy the book. Sell a few coins back to your local dealers and see what wins and losses you really will face if ever it comes time to sell or exit the market.
Collecting is not much fun if you loose all the time.
Head for the exits folks, this 1st day of issue profiteering scam a real stinker.
Serious numismatics requires serious study, time, and effort.
Are there good honest dealers, well sure.
However this is a rare coin business for all dealers, and a legitimate and honest rare coin dealer is probably rarer than the coins they hawk.
Buyer beware.
There are still a lot of much nicer gold coins out there that trade nominally above bullion value and that are scarce and actually worth buying.
Well my son is 18, stood in line for 9 1/2 hours, and he is pretty happy and wants to come to more coin shows!
I couldn't be happier for him.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
And look............ now it's a BST thread.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
Need more youngsters to do the same.
Maybe he can get his pals involved.
Makes it more fun when you have someone to share with.
Knowledge is triumph.
I hope he takes the time and effort to educate himself so that he can get the full benefit of his endeavors.
It is not always about the money.
<< <i>Anybody at ANA looking for Kennedy Golds? I have a friend who has 40 of them in Chicago right now. PM me if interested. (the coins are from DC) >>
Woooeee! At $2500 each that's a cool $100k at ANA!
<< <i>I am very patient until I see what is going to happen with these coins.
I will take delivery of my five coins and then decide what I am going to do. >>
Well, that was fast!
I guess you have received them already as I see you have them all 5 of them on the BST for sale now.
I only hope you do not become frustrated or impatient again with the Mint after your having sworn off them with the HOF issue!
<< <i>Anybody at ANA looking for Kennedy Golds? I have a friend who has 40 of them in Chicago right now. PM me if interested. (the coins are from DC) >>
Create the illusion of exclusivity and watch the people lust.
It was bad enough when we started paying dealers to grade our coins and it became the norm, but I probably actually went cranky when I had to become a grading expert past the old school bulwark of MS60 and MS65.
Now I gotta track slab dates?..Not me.
This reminds me of the old boat owners adage of "the happiest day of their ownership is the day they buy the boat, and the day they sell it".
<< <i>I started collecting Jefferson nickels in 1956, and then double dies in 1959 when I found a 1955 ddo cent in lunch change.
I have seen this hobby really change, and sadly, none for the better.
This is no longer a hobby about the joys of coin collecting and the fun of friendships made and information freely shared.
It has become a greed centric melting pot that is more or less controlled and manipulated by a relative handful of megalomaniacs intent on cornering and controlling every last scrap of the marketplace.
It's all become about a few insiders doing the old..."I have the finest known this or that" or the old "I know everything and you know nothing" routine...and, if you just happen to really have the finest known this or that, and not them, well, somehow the value of your cherry find becomes greatly diminished.
Is there really any wonder why most coin clubs have no younger members?
They can see the overt greed and so they rightly run for the nearest exits.
And, who does that leave?
A bunch of ill equiped middle aged fools looking for a fast buck profit in a very crooked and loaded game.
Need I say that most investors lose their money, or at best, maybe just get it back in 20-30 years?
Do not believe it? Look at the lemmings that are chasing this new gold Kennedy for a first day of issue moniker.
The way I see it, when the U.S. mint started selling us U.S. Gold coins with 5 dollars or 10 dollars stamped on them for hundreds, if not thousands of dollars, they started selling to an ignorant public nothing more than way overpriced bullion coins.
When the grading services saw the U.S. Mint scamming the public and getting away with it, their natural greed took over.
They quickly recognized that they also could fleece the public and mint themselves a bunch of money from nothing, by doing not much more than printing their own worthless "1st day of issue" paper... without going to prison.
So, where does that leave the collector/investor?
Well, basically SOL.
Someone espoused about how buying these junk Kennedy's was a good investment because bullion was going to go up.
Really? If you know so much about what gold prices are going to do, then why buy coins instead of options on gold futures dude?
Maybe a speculator hoarder looking to burn someone might suggest that any fool should pay double bullion value for these coins because gold may go up.
Yeah, and then what, maybe you can get your money back while some other jerk already done run off with your hard earned cash?
Well guess what, dealers need this junk to stay in business.
Rare coins are.... well go ahead and guess...they are rare.
It's kinda tough for any dealer to make a living and to "hoard the really rare and valuable ones for themselves" if they do not have ignorant customers they can dupe into taking their common grade junk off their hands.
Buyer beware. If you are a coin head, join a club and buy the book. Sell a few coins back to your local dealers and see what wins and losses you really will face if ever it comes time to sell or exit the market.
Collecting is not much fun if you loose all the time. That one simple reality is what makes me think that most dealers are worthless ignorants. They are willing and dunb enough to kill the golden goose that feeds them.
Head for the exits folks, this 1st day of issue profiteering scam smells like a real stinker.
Just does not seem right nor ethical.
Serious numismatics requires serious study, time, and effort.
Are there some good honest dealers, well sure.
However this is a rare coin business for all dealers, and a legitimate and honest rare coin dealer is probably rarer than the coins they hawk.
Buyer beware.
There are still a lot of much nicer gold coins out there that trade nominally above bullion value and that are scarce and actually worth buying.
DUDE.. some of the forum members do trade .. I have seen a friend's 7 figure July P/L statement trading gold and others...that is why these successful traders spend money on coins, cars, art, vacation homes they are much smarter to make money buying / selling anything
looks like the light is out or no one home
<< <i>
<< <i>I am very patient until I see what is going to happen with these coins.
I will take delivery of my five coins and then decide what I am going to do. >>
Well, that was fast!
I guess you have received them already as I see you have them all 5 of them on the BST for sale now.
I only hope you do not become frustrated or impatient again with the Mint after your having sworn off them with the HOF issue! >>
I see the handwriting on the wall for these coins. There has not been a sale on ebay since they came out. I found someone on the forum that wanted the box of 4 that I have coming so I sold them to him cheap ( he knows I do not have them yet). I still made $300 plus and he is happy. I am not one to stick around and lose money on a dud. I will probably be in on the silver sets when they come up, we shall see.
<< <i>
<< <i>This is a complete circus, all for a coin no less. That's the truth. >>
It's not a coin. When the dust settles it's impossible to tell today's ANA coin from the last one sold when the mint closes sales. And they will mint to demand.
It's the combination of a coin, and a label that 'proves' the provenance. And that's the bogon here... so what? This coin is one of [guessing] 800 MS70 coins out of 1500 that XYZS can trace back to the 2014 ANA show which are among the first coins the mint released. That is ALL it says. and so what? Are there really that many fools chasing a piece of paper? There is no way to prove they are the first minted... heck those are probably on the bottom of the pallet and orders filled from the top... They aren't first from a die - with a 600 coin die life those are scattered throughout the run.
This isn't numismatics. It's not coin collecting. It's Beanie Babies - or for the more literate - Dutch Tulip bulbs.
Now if one were to be in the business of creating replicas, here is an attractive piece of paper and plastic to target!!!! >>
Love the Tulip reference...Classic!
<< <i>Good for him.
Need more youngsters to do the same.
Maybe he can get his pals involved.
Makes it more fun when you have someone to share with.
Knowledge is triumph.
I hope he takes the time and effort to educate himself so that he can get the full benefit of his endeavors.
It is not always about the money.
Actually my son is going to do it again tonite.
He is calling his buddies and encouraging a few of them to drive up from
St Louis.
I heard bid from dealer my son sold to today is now $2200.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Am I the only one at the ANA show (other than major dealers) that will be taking the coin home with me???
Some quick pics at the hotel w/ my phone:
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
PD also had the barricades up along River Road north to the traffic light... hopefully this will prevent last night's fun and games from reoccuring. Several dealers I spoke with who had rooms overlooking the convention center were up most of the night between the sirens and the loud hailer.
Time to reread "The devil take the hindmost"
ANA 50 year/Life Member (now "Emeritus")
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
People are welcome to buy and sell to their hearts content all day long and I do not have any problem with it.
I also buy and sell and have been doing it all of my life.
As a multi decades long numistmatist, when I reference coins and their relative performance over time, I tend to know what I am talking about because I have tracked the market for over 50 years and have seen the runs and busts.
A few gamblers/speculators buying and selling to each other to see who can out scam the other is Ok with me.
That is trading and not the serious study of numismatics.
The two can go hand in hand, but it is not necessary.
Numismatists need to know what they are trading in while speculator/traders really do not need to know much if anything about what they trade.
They just need to know enough to know how it trades...and where their end buyer is likely to be found if they get stuck with the trade.
However, and this is the important part, once the traders charade has played itself out, and after they have managed to artificially manipulate the market price upward into bubble land, they gonna need an exit strategy and some poor sucker to pay the tab who is not likely to be aware of the game just played.
It is kinda like musical chairs or a Ponzi scheme. The ultimate long term or end of the line collector/investor will get stuck holding the bag.
That is not coin collecting, that is just a lipstick on a pig fraud.
<< <i>Was at the Chicago ANA show again today... unlike yesterday, I did get a gold Kennedy Half today. Was a crazy and tiring experience. After buying for $1240, I was immediately made offers to sell the coin to dealers for $3350 and $3400. Unlike nearly every other buyer, I told them heck no! I have a coin club meeting on Friday evening and this is going to be my show and tell. Sure, I passed easy $2100+ profit, but then I wouldn't be the first in my club to have one, haha
Am I the only one at the ANA show (other than major dealers) that will be taking the coin home with me???
Some quick pics at the hotel w/ my phone:
Thanks for the great pics!! The reverse looks very nice.
Don't you wish you ordered more UHR's?
Think about it.
Why don't we start a don't you wish thread?
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>I have one thing to say -
Don't you wish you ordered more UHR's?
Think about it. >>
I never ordered one. Have passed on a few , since.
<< <i>While you're at it don't you wish you loaded up on 1995 gold eagle sets with the free silver eagle >>
I did. I bought three direct from the US Mint. No BS.
I bought many UHR's, graded them, sold some off, still have a decent amount.
This coin feels like the UHR type to me. Not that it's as pretty a design, as unique, etc. but it is very different. It is the Kennedy type coin.
<< <i>Because the ANA first day release labels are no longer available the flip premiums have tumbled although if you immediately resold your coin today you would still make a substantial profit. You would pocket a profit of several hundred dollars instead of several thousand dollars.
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm. >>
The line now stretches back around the center towards the Hyatt, if not to and past the Hyatt. Insane.
<< <i>
<< <i>Because the ANA first day release labels are no longer available the flip premiums have tumbled although if you immediately resold your coin today you would still make a substantial profit. You would pocket a profit of several hundred dollars instead of several thousand dollars.
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm. >>
The line now stretches back around the center towards the Hyatt, if not to and past the Hyatt. Insane. >>
only a matter of time before a catastrophe hits the show line .... whether someone getting hit by an auto or whatever
<< <i>Yo Bestday, whats with the lights out smirk? ...You don't wanna make this personal do ya?
People are welcome to buy and sell to their hearts content all day long and I do not have any problem with it.
I also buy and sell and have been doing it all of my life.
As a multi decades long numistmatist, when I reference coins and their relative performance over time, I tend to know what I am talking about because I have tracked the market for over 50 years and have seen the runs and busts.
A few gamblers/speculators buying and selling to each other to see who can out scam the other is Ok with me.
That is trading and not the serious study of numismatics.
The two can go hand in hand, but it is not necessary.
Numismatists need to know what they are trading in while speculator/traders really do not need to know much if anything about what they trade.
They just need to know enough to know how it trades...and where their end buyer is likely to be found if they get stuck with the trade.
However, and this is the important part, once the traders charade has played itself out, and after they have managed to artificially manipulate the market price upward into bubble land, they gonna need an exit strategy and some poor sucker to pay the tab who is not likely to be aware of the game just played.
It is kinda like musical chairs or a Ponzi scheme. The ultimate long term or end of the line collector/investor will get stuck holding the bag.
That is not coin collecting, that is just a lipstick on a pig fraud. >>
like the market ,who cares about opinions.. let people make money.. buy the Kennedys, and youall can as righteous as you like ..
funny... not a peep here on the numismatic part of the ANA show.. one thing for certain these gold kennedys are not junk!!
<< <i>Was at the Chicago ANA show again today... unlike yesterday, I did get a gold Kennedy Half today. Was a crazy and tiring experience. After buying for $1240, I was immediately made offers to sell the coin to dealers for $3350 and $3400. Unlike nearly every other buyer, I told them heck no! I have a coin club meeting on Friday evening and this is going to be my show and tell. Sure, I passed easy $2100+ profit, but then I wouldn't be the first in my club to have one, haha
Am I the only one at the ANA show (other than major dealers) that will be taking the coin home with me???
Some quick pics at the hotel w/ my phone:
how can dealers make money paying 3,300 a coin ?? throw in a 100 for grading .. it comes out 3400.00. unless the dealers know some upcoming event concerning the gold kennedy
<< <i>
<< <i>While you're at it don't you wish you loaded up on 1995 gold eagle sets with the free silver eagle >>
I did. I bought three direct from the US Mint. No BS.
I bought many UHR's, graded them, sold some off, still have a decent amount.
This coin feels like the UHR type to me. Not that it's as pretty a design, as unique, etc. but it is very different. It is the Kennedy type coin. >>
I see similarities but where it goes, nobody knows. The UHR benefited greatly from a rapid run up in gold prices. Gold went from $900 to $1500 in the 24 months after the UHR was released. If gold go from $1300 to $1900 in the next 2 years then this Kennedy will have a great run.
In-hand the UHR was underwhelming to me. My 50 year old eyes just didn't pick up the design detail off a 27mm coin like a 34mm Saint. The Kennedy at 30.6mm has the size and design appeal. The price of gold is the wildcard.
Up and then down, these still trade at least 1.5x bullion
<< <i>
<< <i>
<< <i>Because the ANA first day release labels are no longer available the flip premiums have tumbled although if you immediately resold your coin today you would still make a substantial profit. You would pocket a profit of several hundred dollars instead of several thousand dollars.
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm. >>
The line now stretches back around the center towards the Hyatt, if not to and past the Hyatt. Insane. >>
only a matter of time before a catastrophe hits the show line .... whether someone getting hit by an auto or whatever >>
Over the last two nights fights have broken out and at least one person had been trampled so injuries would be nothing new. There is enough police presence to keep drivers driving slowly through the area. For the first time there are barricades installed.
The line has stretched to the eastern end of Bryn Mawr Avenue. As of this time things appear more civil than they ever have.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>
<< <i>
<< <i>
<< <i>Because the ANA first day release labels are no longer available the flip premiums have tumbled although if you immediately resold your coin today you would still make a substantial profit. You would pocket a profit of several hundred dollars instead of several thousand dollars.
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm. >>
The line now stretches back around the center towards the Hyatt, if not to and past the Hyatt. Insane. >>
only a matter of time before a catastrophe hits the show line .... whether someone getting hit by an auto or whatever >>
Over the last two nights fights have broken out and at least one person had been trampled so injuries would be nothing new. There is enough police presence to keep drivers driving slowly through the area. For the first time there are barricades installed.
The line has stretched to the eastern end of Bryn Mawr Avenue. As of this time things appear more civil than they ever have. >>
Who says coin collecting is dying? It seems very alive to me. It's pretty cool that the Mint can generate this much interest.
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>Because the ANA first day release labels are no longer available the flip premiums have tumbled although if you immediately resold your coin today you would still make a substantial profit. You would pocket a profit of several hundred dollars instead of several thousand dollars.
For everybody's information I witnessed a line forming when I left the show for the day at 6:15pm. >>
The line now stretches back around the center towards the Hyatt, if not to and past the Hyatt. Insane. >>
only a matter of time before a catastrophe hits the show line .... whether someone getting hit by an auto or whatever >>
Over the last two nights fights have broken out and at least one person had been trampled so injuries would be nothing new. There is enough police presence to keep drivers driving slowly through the area. For the first time there are barricades installed.
The line has stretched to the eastern end of Bryn Mawr Avenue. As of this time things appear more civil than they ever have. >>
Who says coin collecting is dying? It seems very alive to me. It's pretty cool that the Mint can generate this much interest. >>
An argument can be made that any publicity is good publicity but this publicity is really pushing it, especially in the numismatic world. The hired help are not doing this for the love of numismatics. They are doing this to earn quick, easy money.
I'm sure a handful of the paid help might get the numismatic seed planted in their heads but the other 99.9% are doing it to get paid. If it were phones, porcelain dolls, concert tickets or Wonka Bars with golden tickets inside they'd be in line buying those too.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>UHRs still trade raw for 2000+ at 1300 gold, so regardless of the run of gold
Up and then down, these still trade at least 1.5x bullion >>
This is true and is telling on another unlimited mintage modern gold piece. If gold is even at $1300 again next year then this Kennedy will do well. If gold hits $1500 next year it could be a big winner. I don't believe the gold Kennedy will fall under mint prices unless gold tanks.
Dealer buy on proof gold is $200/over per oz. Making your risk in this gold Kennedy around $115. If you have money available to deploy in these, it's not much of a risk.
<< <i>I have one thing to say -
Don't you wish you ordered more UHR's?
Think about it. >>
Better example would be don't you wish you had ordered more First Spouse gold coins?
No comparison between this dud and the UHR, IMO.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Absolutely no comparison to the First Haags