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Procedures for Puchasing Gold Kennedy Half Dollars at ANA Convention
Kudbegud
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Jeff
<< <i>I apologize before hand if this information has already been posted, but I am starting to get confused concerning all the instructions for buying gold Kennedy coins at the Chicago show. I read through the link supplied above and it states that properly credentialed collectors will be allowed to buy the coin as long as they are one of the first 250 people in line. Does this mean that I as a general public person can NOT buy this coin unless i somehow get credentialed? What are the credentials? I was planning on going to the show but it looks like I wouldn't even have a chance to buy the coin. Can someone please clarify this for me?
Jeff >>
You have to be registered to get into the ANA show that day you are in the line.
I really appreciate the clarification - it will determine if I want to take time to go to the show.
Jeff
<< <i>What does registered mean? does that simply mean to pay the admission fee of 6 bucks? They make it sound like you have to sign up with the ANA in order to have a half a chance to get the coin. If registering means paying the entrance fee, then everyone that goes the first day and registers will not get a chance to get the coin because registration starts at 8:00am and is also the time the line forms for the 250 tickets. Is this the case?
I really appreciate the clarification - it will determine if I want to take time to go to the show.
Jeff >>
Correct, if signing up day of the show, No Kennedy for you.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>What does registered mean? does that simply mean to pay the admission fee of 6 bucks? They make it sound like you have to sign up with the ANA in order to have a half a chance to get the coin. If registering means paying the entrance fee, then everyone that goes the first day and registers will not get a chance to get the coin because registration starts at 8:00am and is also the time the line forms for the 250 tickets. Is this the case?
I really appreciate the clarification - it will determine if I want to take time to go to the show.
Jeff >>
You're getting the picture.
You have to fill out the form and the whole deal to get in.
People were able to pre-register for day 1 up to July 15. You can go on day 1 and register for day 2. Then on day 2 go get in line.
By saying only 250 tickets will be handed out assumes each will buy 2.
Again, I guarantee there will be people paid to be in line. It's the only way dealers can get numbers to flip.
A terrible plan by the Mint. They said that they cannot do a lottery, which seems ridiculous.
If they privatized the whole process and picked ONE distributor under the condition that they would have to distribute the coins via a lottery, then it would work. The distributor would only get paid a flat fee for managing the distribution to make it fair for collectors and dealers. That way if 5,000 people wanted to purchase coin(s), then the mint would have to select 250 people from the 5,000 (or more if some only purchase one coin).
Of course the flaw there is that if one person hired 1,000 people to put in for a voucher, then their odds would dilute the chances of others. Maybe there isn't a good solution...
Maybe the best solution would be for the Mint to up the limit of coins from 2,500 to 10,000.
No confusion, no pushing, shoving, cutting in line, no paying people to stand in line, no lottery. All go away if they just don't do it in the first place.
<< <i>Does anyone know if they will be selling the clad half dollar sets at the show?? >>
Yes they will.
The dealers will probably offer 200-250 over , just strap a sign on that offers
300 over and I'm sure you'll buy as many as you want from people who stood
in line for hours
Will they require ID to log your address and apply what you buy against the current 5 per household limit.
You stand in line for 3 hours to buy 2 and again the next day for 2 more. Will you be checked on the 3rd day and only be allowed to buy 1?
Or you stand in line. At 11 am you use your smart phone to order 5 from the mint site or by the 800 number while moving forward. When you get to the head of the line will you be denied purchase because you have reached your household limit?
Plan on being there earlier than 8am.......I am.......I think there will be a lot of pre-registered people there.....
On the other hand, strap a sign on offering $300 over for the coins at stand at the US Mint counter at 11am. No early arrival necessary. People will come to you. No fuss. No limits. Just limited by how much cash you have in your pocket.
Flip those flapjacks!
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>A question might be:
Will they require ID to log your address and apply what you buy against the current 5 per household limit.
You stand in line for 3 hours to buy 2 and again the next day for 2 more. Will you be checked on the 3rd day and only be allowed to buy 1?
Or you stand in line. At 11 am you use your smart phone to order 5 from the mint site or by the 800 number while moving forward. When you get to the head of the line will you be denied purchase because you have reached your household limit? >>
Their future sales system will allow for some form of this.
<< <i>The easy fix would be to just cancel selling them at the show.
What he said
You guys better wear diapers.
Almost as good as the Mint Shipping Wheel
Bullsitter that was funny!
<< <i>Seriously, why bother? Why? Why bother? Is this coin so important? It's another modern hunk of gold. >>
Well, lets see.....hmmmmm.......
2008-W Buffalo Gold - another hunk of modern gold. You know what they go for.
2009 UHR - another modern hunk of gold. Roughly 2x spot raw.
The list goes on.
Tell me the last time common generic pre-33 gold in circ/typical uncirc condition doubled in a short period of time with a stable gold price.
Oh that's right....it didn't.