I got 2 that were shipped today. I cant sell them on ebay, cant sell them on the forum and cant sell them on CL so I may just refuse delivery like the mint rep told me to and have them go back. Sucks cause they will be FS but I am not getting stuck with them!
order #43724xxx, 3:16 pm, shipped yesterday 8/18/14
so 40,000 (or more) coins will get out and eligible for the FS, out of a total mintage that might not go over 60k-80k? over a half of the total mintage could be a "First Strike"? doesn't seem an appropriate designation.
I am starting to believe that holders with photos on them are somewhat detracting to the coin inside but maybe we are morphing into holder collectors instead of coin collectors. Could it be that one day the value of a holdered coin will be determined by the rarity of the holder plus the melt value or face value of the coin inside?
p.s . Even though I made this lament I admit that I also yielded to the holder mania since I ordered 2 graded Kennedys and made sure one had his birth and death date and the other had his "Don't ask..." quote just in case one was more popular than the other. This stuff can get to you if you are not careful.
Gold and silver are valuable but wisdom is priceless.
" asked CS about Chicago labeled coins possibly coming from other mint outlets in DC, Philly and Denver. She said yes it was possible. She also said the label only meant graded in Chicago, not necessarily sold at ANA Chicago. An epic fail IMO. A real dilution of any perceived rarity, as artificial as it is."
Show labels on coins that were not even issued at the show. Just shows what level all thoes involved will lower themselves to.
It's a sad day when you have to say an NGC label is the more reliable label, however when it comes to the Gold Kennedy's that still is not saying much.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
It used to be that the early bird ( online buyers ) had a shot at the FS gravy train. Now with show releases and lines being stacked in Dealers favor, the independent little guy gets pushed aside.
<< <i>It used to be that the early bird ( online buyers ) had a shot at the FS gravy train. Now with show releases and lines being stacked in Dealers favor, the independent little guy gets pushed aside.
>>
That's what THEY have been trying to do.....BUT they got a little too greedy this time.
This release has left a very bad taste in my mouth. Very disappointed with some that pretended the small collector was important.
The show labels are not to blame for the fact that minted to demand has been a loser for those looking to cash in starting in 2012 with the 2 coin ASE sets.
<< <i>As the mintage numbers pile up, the CDN Bid Value when released will be close to melt. >>
The mintage numbers are NOT "piling up":
<< <i>The 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coins saw little growth in cumulative sales over the past week. Since the prior report sales have increased by 1,180 units to 63,521. The product had reached opening day sales of 56,694 units on August 4, growing to 61,700 by the following day. After this point sales had stalled reaching 62,341 by August 10 and now 63,521 through August 17 >>
..and why didn't the price drop when spot stayed below $1300 this week?
It's surprising that some still actually believe they are going to purchase this coin at melt I'm sure they are still waiting for those UHR at melt as well, how did that turn out?
<< <i>As the mintage numbers pile up, the CDN Bid Value when released will be close to melt. >>
The mintage numbers are NOT "piling up":
<< <i>The 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coins saw little growth in cumulative sales over the past week. Since the prior report sales have increased by 1,180 units to 63,521. The product had reached opening day sales of 56,694 units on August 4, growing to 61,700 by the following day. After this point sales had stalled reaching 62,341 by August 10 and now 63,521 through August 17 >>
>>
People are only going to see what they want to see. Facts mean nothing these days....
<< <i>..and why didn't the price drop when spot stayed below $1300 this week? >>
Because it's based on the average spot price over the Thurs-Wed London gold close.
If you look at the gold close for the past week, average it out, and round to the nearest dollar (as the government is wont to do), it comes out to $1300. Thus, no price change.
I did notice the mint seems to have removed the price change rules, though.
Thanks for the price clarification...I guess with spot being at $1278 today will help decrease that average for next week...and help those numbers "pile up"
Lets see combination of way too many labels, pricey gold and the mint to demand nonsense this had FAIL written all over it. Glad I cancelled all my orders except one coin for the collection.
The percentage of 70s will drop significantly as the collectors coins are graded. This is always the case as the dealers submission - for reasons often debated here - universally get more 70's
<< <i>As the mintage numbers pile up, the CDN Bid Value when released will be close to melt. >>
The mintage numbers are NOT "piling up":
<< <i>The 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coins saw little growth in cumulative sales over the past week. Since the prior report sales have increased by 1,180 units to 63,521. The product had reached opening day sales of 56,694 units on August 4, growing to 61,700 by the following day. After this point sales had stalled reaching 62,341 by August 10 and now 63,521 through August 17 >>
>>
People are only going to see what they want to see. Facts mean nothing these days....
<< <i>..and why didn't the price drop when spot stayed below $1300 this week? >>
Because it's based on the average spot price over the Thurs-Wed London gold close.
If you look at the gold close for the past week, average it out, and round to the nearest dollar (as the government is wont to do), it comes out to $1300. Thus, no price change.
I did notice the mint seems to have removed the price change rules, though. >>
The pricing rules are still available, but you have to search for it. I did a search under "pricing grid" and it came up. The URL link to the pricing grid on the Buffalo web page is not connected to any page. The web page for the Kennedy Gold does not even have a link, valid or not, to the pricing grid.
The reverse on my coin is stunning. The obverse is nice, noticed a few dust particles or scratches, don't know which. Will be interesting to look back in hindsight on this commemorative after a year has gone by.
Not really....the ANA label has dropped significantly but that was predicted. The "normal" PF70 (using NGC because I can't find completed PCGS FS coins) last sale was for $1725 and one week ago a presale went for $1835
I'm still betting most are like me and just going to order one, raw, from the mint, and not send it in 'cause it looks like a great coin. I don't care if they make 200,000 of them, I'll still enjoy it.
"I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
I think Silver is going to be the winner with this Coin. Once the Silver does come out there will be a chance that the gold edition will be looked upon as just an overpriced oddity. Even at melt value the Gold will be priced out of the reach of most of the general population.
So get ready for another round of madness. Which show will be cursed with the Silver release? No way can they not do a show release.
Wonder how much will a 4 Coin MS/PF 70 Show Release set be going for? I can easily see $1000 but could it possibly go for $2000 ?
What trickery will they be using to shut out the little independent guy this time?
<< <i>New mint orders now available 9/3 a week sooner. Must be many more canceled orders.
I have a feeling the net change in orders for this week will be negative. >>
Isn't that the PCGS fs cutoff date? I wonder if the Mint is playing games to bring in a few more buyers. >>
Games? The US Mint? Come now let's get real, them playing games?
Seriously, what they need to do is put out a variety. All it would take is a few strands of hair out of place. How about some Dagwood hair? Just a few strands sticking straight up. A la extra leaves style. Nothing really obvious mind you, just a few faint scratches. A few totally accidental die scratches, of course.
Comments
NGC cutoff is September 12th. Kudos to NGC for the later date!!!!
NGC Cut OFF
Just saw MCM is offering $1350 per coin. To quote Storage Wars..."That's a $100 bill right there"
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Using the PCGS FS Cut-off date of 09/03 it will be 37,802.
Using the NGC ER Cut-off date of 09/12 it will be 41,493.
Just so you know!
Oh and the final mintage for this issue will be 66,927!
Woo Hoo!
<< <i>Sell them to Great Collections???
Just saw MCM is offering $1350 per coin. To quote Storage Wars..."That's a $100 bill right there"
They pay shipping for three or more coins :-)
<< <i>My 5 separate orders of 1 coin each from 12:09-12:11 arrived today. >>
PCGS PR70 ANA Chicago releases now selling for $ 2,600 on Ebay. It's time for everyone to close their wallets and say:
I'm mad as he** and I'm not going to buy it anymore.
<< <i>After several dealers muscled out the collectors in line and price gouged their customers the prices are already falling.
PCGS PR70 ANA Chicago releases now selling for $ 2,600 on Ebay. It's time for everyone to close their wallets and say:
I'm mad as he** and I'm not going to buy it anymore. >>
so 40,000 (or more) coins will get out and eligible for the FS, out of a total mintage that might not go over 60k-80k? over a half of the total mintage could be a "First Strike"? doesn't seem an appropriate designation.
<< <i>After several dealers muscled out the collectors in line and price gouged their customers the prices are already falling.
PCGS PR70 ANA Chicago releases now selling for $ 2,600 on Ebay. It's time for everyone to close their wallets and say:
I'm mad as he** and I'm not going to buy it anymore. >>
There is really no reason for them to be at $2600....just because of where a coin was purchased???? Get real....
<< <i>PCGS LABELS ANNOUNCED >>
I am starting to believe that holders with photos on them are somewhat detracting to the coin inside but maybe we are morphing into holder collectors instead of coin collectors. Could it be that one day the value of a holdered coin will be determined by the rarity of the holder plus the melt value or face value of the coin inside?
p.s . Even though I made this lament I admit that I also yielded to the holder mania since I ordered 2 graded Kennedys and made sure one had his birth and death date and the other had his "Don't ask..." quote just in case one was more popular than the other. This stuff can get to you if you are not careful.
Show labels on coins that were not even issued at the show. Just shows what level all thoes involved will lower themselves to.
It's a sad day when you have to say an NGC label is the more reliable label, however when it comes to the Gold Kennedy's that still is not saying much.
These look fantastic.
The portrait looks great, the reverse looks AMAZING in GOLD.
Not really sure what the bashers were expecting, but i don't see how one could improve on this.
If you are lucky enough to get one without a problem.
RIP Mom- 1932-2012
stacked in Dealers favor, the independent little guy gets pushed aside.
Oh well , what actually is new here.
<< <i>It used to be that the early bird ( online buyers ) had a shot at the FS gravy train. Now with show releases and lines being
stacked in Dealers favor, the independent little guy gets pushed aside.
That's what THEY have been trying to do.....BUT they got a little too greedy this time.
This release has left a very bad taste in my mouth. Very disappointed with some that pretended the small collector was important.
<< <i>As the mintage numbers pile up, the CDN Bid Value when released will be close to melt. >>
The mintage numbers are NOT "piling up":
<< <i>The 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coins saw little growth in cumulative sales over the past week. Since the prior report sales have increased by 1,180 units to 63,521. The product had reached opening day sales of 56,694 units on August 4, growing to 61,700 by the following day. After this point sales had stalled reaching 62,341 by August 10 and now 63,521 through August 17 >>
..and why didn't the price drop when spot stayed below $1300 this week?
this coin at melt
I'm sure they are still waiting for those UHR at melt as well, how did that turn
out?
<< <i>
<< <i>As the mintage numbers pile up, the CDN Bid Value when released will be close to melt. >>
The mintage numbers are NOT "piling up":
<< <i>The 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coins saw little growth in cumulative sales over the past week. Since the prior report sales have increased by 1,180 units to 63,521. The product had reached opening day sales of 56,694 units on August 4, growing to 61,700 by the following day. After this point sales had stalled reaching 62,341 by August 10 and now 63,521 through August 17 >>
>>
People are only going to see what they want to see. Facts mean nothing these days....
<< <i>..and why didn't the price drop when spot stayed below $1300 this week? >>
Because it's based on the average spot price over the Thurs-Wed London gold close.
If you look at the gold close for the past week, average it out, and round to the nearest dollar (as the government is wont to do), it comes out to $1300. Thus, no price change.
I did notice the mint seems to have removed the price change rules, though.
I think the coin does look better in hand. Pictures don't do it justice.
Still not going to have it graded, though... Tempted, but no... Nope, I mean it... Not going to send it in...
(I looked at the pop reports. 5:1, 70's to 69's, none lower. Will a 70 even bring that much of a premium when 80% are being graded a 70?)
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
What to do, what to do.
-KHayse
would be around $1100 per coin today.
<< <i>
<< <i>
<< <i>As the mintage numbers pile up, the CDN Bid Value when released will be close to melt. >>
The mintage numbers are NOT "piling up":
<< <i>The 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coins saw little growth in cumulative sales over the past week. Since the prior report sales have increased by 1,180 units to 63,521. The product had reached opening day sales of 56,694 units on August 4, growing to 61,700 by the following day. After this point sales had stalled reaching 62,341 by August 10 and now 63,521 through August 17 >>
>>
People are only going to see what they want to see. Facts mean nothing these days....
<< <i>..and why didn't the price drop when spot stayed below $1300 this week? >>
Because it's based on the average spot price over the Thurs-Wed London gold close.
If you look at the gold close for the past week, average it out, and round to the nearest dollar (as the government is wont to do), it comes out to $1300. Thus, no price change.
I did notice the mint seems to have removed the price change rules, though. >>
The pricing rules are still available, but you have to search for it. I did a search under "pricing grid" and it came up. The URL link to the pricing grid on the Buffalo web page is not connected to any page. The web page for the Kennedy Gold does not even have a link, valid or not, to the pricing grid.
The reverse on my coin is stunning. The obverse is nice, noticed a few dust particles or scratches, don't know which. Will be interesting to look back in hindsight on this commemorative after a year has gone by.
<< <i>The Gold Kennedy in 70 seems to have dropped over $500.00 in the past week. >>
Not really....the ANA label has dropped significantly but that was predicted. The "normal" PF70 (using NGC because I can't find completed PCGS FS coins) last sale was for $1725 and one week ago a presale went for $1835
can be found at MCM, Paradise and Silvertowne.
Well, just Love coins, period.
will be looked upon as just an overpriced oddity. Even at melt value the Gold will be priced out of the reach of most of the
general population.
So get ready for another round of madness. Which show will be cursed with the Silver release? No way can they not do a show
release.
Wonder how much will a 4 Coin MS/PF 70 Show Release set be going for? I can easily see $1000 but could it possibly go for $2000 ?
What trickery will they be using to shut out the little independent guy this time?
He said " We only have 388 of our first day coins and the Chicago show had 500 so ours is more rare."
Maybe they should include an acre of Florida swamp land with it.
I have a feeling the net change in orders for this week will be negative.
<< <i>New mint orders now available 9/3 a week sooner. Must be many more canceled orders.
I have a feeling the net change in orders for this week will be negative. >>
Isn't that the PCGS fs cutoff date? I wonder if the Mint is playing games to bring in a few more buyers.
<< <i>
<< <i>New mint orders now available 9/3 a week sooner. Must be many more canceled orders.
I have a feeling the net change in orders for this week will be negative. >>
Isn't that the PCGS fs cutoff date? I wonder if the Mint is playing games to bring in a few more buyers. >>
Games? The US Mint? Come now let's get real, them playing games?
Seriously, what they need to do is put out a variety. All it would take is a few strands of hair out of place.
How about some Dagwood hair? Just a few strands sticking straight up. A la extra leaves style. Nothing
really obvious mind you, just a few faint scratches. A few totally accidental die scratches, of course.