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Gold Kennedy minted to demand (Now 75,000 Limit) - Where does it go from here ?

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  • VanHalenVanHalen Posts: 4,160 ✭✭✭✭✭
    I heard the Mint has released the pricing grid for the Gold Kennedy Proof but don't see it on their website. Can anybody help out with a link? Thank you.

    image
  • 7over87over8 Posts: 4,733 ✭✭✭


    << <i>there is ZERO chance some sort of line will NOT form prior to 11:00am >>



    Again, just reiterating what the USM has stated.....



    << <i>Each day, sales will open at 11:00 AM CT when people will be allowed to line up and the Mint will distribute tickets >>



    Unless the USM starts a line earlier, they are pretty clear on the procedure. I wont recognize any line until 11AM CT as stated...and I don't think anyone else will either.

    So all those guys with tents and sleeping bags, better just put them away and show up at the table at 10:59am ready to jump on line.
  • 7over87over8 Posts: 4,733 ✭✭✭


    << <i>40,000 gold Kennedy coins is too many to hold value, flippers have a chance but they killed this coin off already. >>



    Most aren't thinking of this gold issue as the "Kennedy Type Coin". That is what it is. Forget about the silvers later this year. This IS the TYPE coin of the Kennedy Series.

    40,000 doesn't concern me much. With limits in place and subdued by the fear of unlimited mintage.....that initial run might be enough.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,444 ✭✭✭✭✭
    Anybody want to stand in line for me image ?
  • grote15grote15 Posts: 29,754 ✭✭✭✭✭
    This has the makings of being like the WHO concert in Cincinnati. Good grief!


    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.
  • MsMorrisineMsMorrisine Posts: 33,668 ✭✭✭✭✭


    << <i>I heard the Mint has released the pricing grid for the Gold Kennedy Proof but don't see it on their website. Can anybody help out with a link? Thank you.

    image >>





    link

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • bestdaybestday Posts: 4,239 ✭✭✭✭
    ready for a show of hands .. who is going to hit the home run and buy the Gold Kennedy on Tuesday Aug 5 ?

    Dealers employees that I know so far... number 17 ....those that plan to buy on that Tuesday

    Will the sales price for a Gold Kennedy Aug 6th .. on Ebay.... top $5,000 ?
  • Still the US Mint should have not taken out all the stops and create all the products that they did.
  • KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭


    << <i>ready for a show of hands .. who is going to hit the home run and buy the Gold Kennedy on Tuesday Aug 5 ?

    Dealers employees that I know so far... number 17 ....those that plan to buy on that Tuesday

    Will the sales price for a Gold Kennedy Aug 6th .. on Ebay.... top $5,000 ? >>



    I plan on buying one, and the clad set, online @ noon on the 5th. Will it be sent for grading? Probably but not certain. Flipped maybe? No.

  • HATTRICKHATTRICK Posts: 2,167 ✭✭✭✭✭


    << <i>ready for a show of hands .. who is going to hit the home run and buy the Gold Kennedy on Tuesday Aug 5 ?

    Dealers employees that I know so far... number 17 ....those that plan to buy on that Tuesday

    Will the sales price for a Gold Kennedy Aug 6th .. on Ebay.... top $5,000 ? >>



    You will be lucky if it tops $ 1,300. On Aug. 6 they will still be available from the mint at cost.

    A sale of $ 5,000 has as much of a chance as a snowball in my "HOOD" image
    " If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
  • BullsitterBullsitter Posts: 5,789 ✭✭✭✭✭
    I'm passing, for now. IF they look good in REAL photos I might buy one at or below cost in a few months. Might trade a couple of gold baseballs for one.......image


  • 7over87over8 Posts: 4,733 ✭✭✭


    << <i>IF they look good in REAL photos I might buy one at or below cost in a few months >>



    This is the typical response of those still waiting to buy 2009 UHR's at melt.
  • 7over87over8 Posts: 4,733 ✭✭✭


    << <i>A sale of $ 5,000 has as much of a chance as a snowball in my "HOOD" >>



    I agree. $5,000 is a real stretch.

    It's all about what someone will pay for the label. PCGS PR70 DCAM. ANA label.

    I can see $3,500-$4,000 early on (first coins on the block) for show labels
  • BullsitterBullsitter Posts: 5,789 ✭✭✭✭✭


    << <i>

    << <i>IF they look good in REAL photos I might buy one at or below cost in a few months >>



    This is the typical response of those still waiting to buy 2009 UHR's at melt. >>



    image....purchased 3 UHRs on the first day. Sent 'em to PCGS and got two PR70s and a PR69, all 3 FIRST STRIKE. Sold all 3 and bought a PCGS PL69 just before they exploded in price. Still have the PL69 that I purchased years ago. Now what ?????
  • 7over87over8 Posts: 4,733 ✭✭✭


    << <i>purchased 3 UHRs on the first day. >>



    Good for you. The point was if you are waiting to buy this coin at melt, it will be a long wait.
  • BullsitterBullsitter Posts: 5,789 ✭✭✭✭✭


    << <i>

    << <i>purchased 3 UHRs on the first day. >>



    Good for you. The point was if you are waiting to buy this coin at melt, it will be a long wait. >>




    Never said MELT, I said at or below cost. Might even consider a trade, a PR70 baseball for a PR70 Kennedy.
  • 7over87over8 Posts: 4,733 ✭✭✭
    You will be waiting as well for below cost. These coins will be popular, especially the gold.

    It's wishful thinking on your part. Keep dreaming.
  • bestdaybestday Posts: 4,239 ✭✭✭✭


    << <i>

    << <i>ready for a show of hands .. who is going to hit the home run and buy the Gold Kennedy on Tuesday Aug 5 ?

    Dealers employees that I know so far... number 17 ....those that plan to buy on that Tuesday

    Will the sales price for a Gold Kennedy Aug 6th .. on Ebay.... top $5,000 ? >>



    You will be lucky if it tops $ 1,300. On Aug. 6 they will still be available from the mint at cost.

    A sale of $ 5,000 has as much of a chance as a snowball in my "HOOD" image >>




    the ebay presale is $3,200 for a PCGS 70.. remember the 2006 silver reverse pcgs 70 sold for $ 5,600 ..or the 2011 Anniv NGC 70 set sold for 3,800

    Remember global warming image
  • bestdaybestday Posts: 4,239 ✭✭✭✭


    << <i>

    << <i>

    << <i>purchased 3 UHRs on the first day. >>



    Good for you. The point was if you are waiting to buy this coin at melt, it will be a long wait. >>




    Never said MELT, I said at or below cost. Might even consider a trade, a PR70 baseball for a PR70 Kennedy. >>



    lol hard
  • HATTRICKHATTRICK Posts: 2,167 ✭✭✭✭✭
    bestday,

    did not see 70's or show coins mentioned in your post so I was talking about raw coins.

    There will be a nice premium on the show coins. Maybe not so much on the 70's as there will be plenty available and quickly.

    That being said there are always a few who are easily parted from their money.

    Remember the first ones who paid $ 10,000 for a 2010 PCGS 69DMPL 5oz ATB Bullion set.

    image
    " If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
  • 7over87over8 Posts: 4,733 ✭✭✭
    IMO - the show label PCGS 70 DCAMs (Gold) will trade similar to the 2013 Rev Prf Buffalo show label coins of last year.

    around $4,000....that's my guess.
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭
    I think I'll order one Gold on the first day. Provably cancel at the first sign of musical ship dates. image
  • VanHalenVanHalen Posts: 4,160 ✭✭✭✭✭


    << <i>

    << <i>I heard the Mint has released the pricing grid for the Gold Kennedy Proof but don't see it on their website. Can anybody help out with a link? Thank you.

    image >>





    link >>



    Thanks MsMorrisine. If gold is under $1299 and these babies are $1240 each I will be in for a couple. Kind of reminds me of a few years ago when the UHRs were available for $1240! image
  • MilesWaitsMilesWaits Posts: 5,385 ✭✭✭✭✭




    link >>



    Thanks MsMorrisine. If gold is under $1299 and these babies are $1240 each I will be in for a couple. Kind of reminds me of a few years ago when the UHRs were available for $1240! image >>



    $1189 when I got in.

    That is when I backed up the Astro mini-van (kicked the many kids and dogs out to make room) & made hay.
    Now riding the swell in PM's and surf.
  • BigABigA Posts: 2,715 ✭✭✭✭


    << <i>I think I'll order one Gold on the first day. Provably cancel at the first sign of musical ship dates. image >>



    I think these will be out the door ASAP.....the Mint won't have the advantage of overselling the product to make up for cancellations....and 40k minted and on hand should be a good start.
  • bestdaybestday Posts: 4,239 ✭✭✭✭


    << <i>

    << <i>I think I'll order one Gold on the first day. Provably cancel at the first sign of musical ship dates. image >>



    I think these will be out the door ASAP.....the Mint won't have the advantage of overselling the product to make up for cancellations....and 40k minted and on hand should be a good start. >>



    Dealers will be first in line to mop up the demand .. once demand subsides .like the gold HOFs , then gold kennedys will quickly flow
    Don't think shipping will drawn out for 4 months like the HOFs .. the 4pc kennedy set also needs to start shipping in October ..

    Looks like the Mint set to only sell 2,500 at the ANA Show .. no matter what ...to give the kennedy ANA label, an aura of scarcity... so the 1 limit sure to kick in Aug 6th.. final sales will top 75,000 at the end
  • KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭
    The email Coin World Weekly Update received this morning featured article:
    Link
    About limits for the Kennedy halves and line up clarification, number of cash registers at the show, the 4 coin set and more. "Mint officials are hoping that the new OMS will lead to the elimination of the “waiting room” feature under the current decade-old system, Landry said. That would allow more customers to be processed without technical problems."

  • VanHalenVanHalen Posts: 4,160 ✭✭✭✭✭


    << <i>...final sales will top 75,000 at the end >>



    I agree or at least close to 75,000. Has anyone started a guess the final mintage contest?

    image
  • epcjimi1epcjimi1 Posts: 3,489 ✭✭✭
    "To avoid problems with collectors and dealers lining up hours before the scheduled 11 a.m. Central Time sales launch Aug. 5, an announcement will be made 15 to 30 minutes before on the convention bourse directing those interested where to begin lining up, Landry said."

    Well there ya go. Problem solved.

    image
  • nibannynibanny Posts: 2,761
    I am thinking to go to Philly to secure a couple on the first day.
    Does anyone have previous experiences in buying at the US Mint gift shop for this type of releases (statehood quarters, 2009 Lincoln, etc...)?
    Wonder if they will sell the Kennedy's at 11am or at the opening.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • 7over87over8 Posts: 4,733 ✭✭✭
    The Philly mint store is not a USM kiosk/run store
    They are a private owned and run store. So I doubt they will have the
    gold Kennedy on day one
    Only USM locations in Wash dc and Denver
  • 7over87over8 Posts: 4,733 ✭✭✭
    75000 is a long shot
    I think this issue will top out at no more than the 2013 rev proof buffalo mintage level
    Of sub 50000
  • nibannynibanny Posts: 2,761


    << <i>The Philly mint store is not a USM kiosk/run store
    They are a private owned and run store. So I doubt they will have the
    gold Kennedy on day one
    Only USM locations in Wash dc and Denver >>



    This is what I read on MintNewsBlog:
    "Retail locations where the coins will be available include the Philadelphia and Denver Mint gift shops and the sales counter at US Mint headquarters."
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • grote15grote15 Posts: 29,754 ✭✭✭✭✭
    Got a postcard today from the Mint promoting the release of the Kennedy coins. Usually, I get the ads after the coins have already been sold out. It appears the Mint is ahead of the curve on this one.


    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.
  • bestdaybestday Posts: 4,239 ✭✭✭✭


    << <i>"To avoid problems with collectors and dealers lining up hours before the scheduled 11 a.m. Central Time sales launch Aug. 5, an announcement will be made 15 to 30 minutes before on the convention bourse directing those interested where to begin lining up, Landry said."

    Well there ya go. Problem solved.

    image >>



    raise your hand if you think dealers will tipped beforehand as to when and where to line up image
  • KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭
    I don't think so. They will be watched very closely by attendees for any hint of the line info. If they, the mint guys, were caught dropping an early hint there would be a sh*t storm. If there is the slightest appearance of anyone being in position before the announcement there could be a riot. (Well not an all out riot but some real excited and emotional outbreaks) Jobs would be on the line so as twisted as I believe the mint guys are they won't risk it.

  • VanHalenVanHalen Posts: 4,160 ✭✭✭✭✭


    << <i>75000 is a long shot
    I think this issue will top out at no more than the 2013 rev proof buffalo mintage level
    Of sub 50000 >>



    I hope you are right but would be surprised if it comes in under 70,000. As always the price of gold will be a factor. With gold at $1249 these will be $1202 and sell very well. With gold at $1351 they go to $1315 and are not nearly as attractive. image

    The kicker of only 2500 available in Rosemont will make the ANA Label a dream come true for flippers to slab/label collectors and many buyers are just that.

  • FullStrikeFullStrike Posts: 4,353 ✭✭✭
    This is taking on the shape of a sprint race. BUYERS ..... on your marks. .... Southwest corner of the Banquet Room !

    Mass stampede resulting in several trampling injuries and a couple deaths. Ambulance chasers file their cases.
    image
  • bestdaybestday Posts: 4,239 ✭✭✭✭


    << <i>I don't think so. They will be watched very closely by attendees for any hint of the line info. If they, the mint guys, were caught dropping an early hint there would be a sh*t storm. If there is the slightest appearance of anyone being in position before the announcement there could be a riot. (Well not an all out riot but some real excited and emotional outbreaks) Jobs would be on the line so as twisted as I believe the mint guys are they won't risk it. >>



    the dealer staff will simply put their exhibitor badges in their pockets
  • valente151valente151 Posts: 1,068 ✭✭✭
    This hype sure has me wishing I could get out of school for the week and make it to Chicago for the show. I'd love to have the floor to myself looking for real coins while everyone else is fighting over these.
  • pitbosspitboss Posts: 8,643 ✭✭✭


    << <i>I think I'll order one Gold on the first day. Provably cancel at the first sign of musical ship dates. image >>




    That sounds like a good plan! Maybe 2 or 3 though.
  • CasmanCasman Posts: 3,935 ✭✭


    << <i>This is taking on the shape of a sprint race. BUYERS ..... on your marks. .... Southwest corner of the Banquet Room !

    Mass stampede resulting in several trampling injuries and a couple deaths. Ambulance chasers file their cases.
    image >>



    Sounds about right...I can see the news headlines now:

    Elderly and Temp workers involved in vicious brawl at coin show. Local sheriff's are investigating what brought on the violent confrontation which injured several coin show patrons. Charlie Jones, age 84, stated that one moment he was sleeping in his bed at the Bedford Village Retirement Community, A local nursing home, and the next thing he knew he and all the residents were all on a school bus headed to the show. Jones said when he reached into the pockets of his bathrobe, he found a $50 Bill and in the other an envelope with $2,500 cash marked Kennedy (2) in the other.

    Also interviewed was Marla Smith, an employee of a local temp agency known as Man PO. She stated that someone hired 40 people from her agency to come stand in a line and wait for vouchers from a guy named Kennedy, but she said when they got there, they couldn't find Kennedy or the line. Smith said each employee was to be paid $55 dollars and would get a coupon to the Fruit Palace if they could bring back the vouchers.

    Jones claimed the melee started when a worker from Man Po jostled with an older man that had a walker. Apparently, both groups collided upon arrival as there was no indication of where the line was supposed to be. Smith claims initially it was just an argument when the one worker from man Po tripped over the older man's walker, but then a loud voice yelled" Lobby...Lobby " and everyone started running...

    Meanwhile, Also in the news:

    Billy Rays Coins (Shown in the Photo) with his seventy Five 75 PCGS ANA Chicago Gold coins for sale, only $3,995 each while supplies last...When asked how he accumulated such a large number of these coins which were previously limited to 2 per person, Ray stated he'd inherited them from his grandparent's, recently deceased due to injuries they'd sustained just days earlier at a local coin show.

  • pf70collectorpf70collector Posts: 6,673 ✭✭✭
    It is beanie babies all over again.
  • 7over87over8 Posts: 4,733 ✭✭✭
    I have to see this escapade......I will be there.

    USM says no line allowed to form until 11AM CST, who knows what show organizers will do, who will manage all the people -this will be a big mess.
  • CCC2010CCC2010 Posts: 1,997 ✭✭✭
    There are Early Bird tickets for $150 each available for sale for ANA members if i am not mistaken. This will allow you to get in 1 1/2 hour early on the venue than the rest of the folks both regular and other ANA members who did not purchase this $150 ticket at all. Then i also read in that only 500 coins will be available Each day during this week long event with a limit of 2 coins per buyer/person and subject to change or whatever the case maybe . So there you go folks. Whoever wants to go to Chicago ANA needs to get all the advantage that they can. The line might not form until a given time but half the battle is getting yourself inside the venue earlier than the rest and be part of that line before the allocation for the day gets gobbled up...Just passing the info.
    References:Coinsarefun,DerryB,Bloodman,Zubie,Gerard,Skyman,Bestclser1,Lakesammman,Yellowkid,PerryHall,Piecesofme,HTubbs,grote15
    Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
    Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
  • bestdaybestday Posts: 4,239 ✭✭✭✭


    << <i>

    << <i>This is taking on the shape of a sprint race. BUYERS ..... on your marks. .... Southwest corner of the Banquet Room !

    Mass stampede resulting in several trampling injuries and a couple deaths. Ambulance chasers file their cases.
    image >>



    Sounds about right...I can see the news headlines now:

    Elderly and Temp workers involved in vicious brawl at coin show. Local sheriff's are investigating what brought on the violent confrontation which injured several coin show patrons. Charlie Jones, age 84, stated that one moment he was sleeping in his bed at the Bedford Village Retirement Community, A local nursing home, and the next thing he knew he and all the residents were all on a school bus headed to the show. Jones said when he reached into the pockets of his bathrobe, he found a $50 Bill and in the other an envelope with $2,500 cash marked Kennedy (2) in the other.

    Also interviewed was Marla Smith, an employee of a local temp agency known as Man PO. She stated that someone hired 40 people from her agency to come stand in a line and wait for vouchers from a guy named Kennedy, but she said when they got there, they couldn't find Kennedy or the line. Smith said each employee was to be paid $55 dollars and would get a coupon to the Fruit Palace if they could bring back the vouchers.

    Jones claimed the melee started when a worker from Man Po jostled with an older man that had a walker. Apparently, both groups collided upon arrival as there was no indication of where the line was supposed to be. Smith claims initially it was just an argument when the one worker from man Po tripped over the older man's walker, but then a loud voice yelled" Lobby...Lobby " and everyone started running...

    Meanwhile, Also in the news:

    Billy Rays Coins (Shown in the Photo) with his seventy Five 75 PCGS ANA Chicago Gold coins for sale, only $3,995 each while supplies last...When asked how he accumulated such a large number of these coins which were previously limited to 2 per person, Ray stated he'd inherited them from his grandparent's, recently deceased due to injuries they'd sustained just days earlier at a local coin show. >>



    imageimageimageimage
  • HATTRICKHATTRICK Posts: 2,167 ✭✭✭✭✭


    << <i>It is beanie babies all over again. >>



    This could be as much excitement as opening the doors at Walmart for the start of Black Friday early bird sales!image
    " If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
  • CCC2010CCC2010 Posts: 1,997 ✭✭✭


    << <i>

    << <i>It is beanie babies all over again. >>



    This could be as much excitement as opening the doors at Walmart for the start of Black Friday early bird sales!image >>



    Do you see Brawls happening to be one of the first 250 to get the coins in lineimageimage
    References:Coinsarefun,DerryB,Bloodman,Zubie,Gerard,Skyman,Bestclser1,Lakesammman,Yellowkid,PerryHall,Piecesofme,HTubbs,grote15
    Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
    Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
  • jrt103jrt103 Posts: 419 ✭✭✭
    Hopefully someone, or several someones will take a video of this madness for our viewing pleasure image
  • HATTRICKHATTRICK Posts: 2,167 ✭✭✭✭✭
    Just an opportunity to inject a little humor into the event.

    I am sure there will be many complaints and some choice words spoken, however I believe that

    it will just be a disorderly mess. That being said it seems there is always one "difficult" person in every crowd.

    Best of luck to all of those who will be " Going for the Gold"

    I will be trying my luck online from work to get two to keep raw for the grandkids.

    " If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater

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