New Gold Kennedy Thread..Final Mintage Projections???
segoja
Posts: 6,141 ✭✭✭✭
I was looking at the Mint's Website at sales figures thru Sept 7th. Total Sales at 63,927. I did not record the prior weeks sales, but it was slightly under 65,000, which means returns are being factored in. Given current values, how many, more will be returned and how many more will be sold???
The aftermarket is cheaper than buying form the mint.
How many more will the mint sell? They have not announced an end date.
If this is under 100,000 coins, which it looks like it will be, will that have any impact on price???
The aftermarket is cheaper than buying form the mint.
How many more will the mint sell? They have not announced an end date.
If this is under 100,000 coins, which it looks like it will be, will that have any impact on price???
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Comments
If the final mintage is under 75k, I think it'll help the coin in the long run as it really is a pretty coin that will have demand in the long run. Not sure it'll ever be as popular as the UHR, but I think it's going to be more popular than most modern issues.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
Sub 70k
I would ask the modern guru who is on these boards...Hes good! ERICJ96
<< <i>I think they will sell for more then issue. Probably like a mid tier lower mintage modern gold commemorative. >>
You can get non-special label 69's for less than issue on ebay lately.
raw $1075
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>After they "sell out" The price will rise I think... >>
Sounds reasonable. Buy them now if you want them!
<< <i>
<< <i>I think they will sell for more then issue. Probably like a mid tier lower mintage modern gold commemorative. >>
You can get non-special label 69's for less than issue on ebay lately.
raw $1075 >>
Let me try to understand this Kennedy bullion coin hype.
The U.S. Mint makes and sells 14 coin proof sets for 31.95.
That works out to an average cost of about $2.28 per coin.
So, it appears that the per coin manufacturing cost of a given proof coin is not astronimically prohibitive.
Gold bullion is currently around $1255 per oz.
There is .75 ounces of gold in the new proof Kennedy coin.
That means that there is about $941.25 of gold in each Kennedy.
An Ebay buyer is getting a bottom feeder "bargain" by only paying $1075 for $941.25 worth of gold
struck as a coin that cost only a few dollars more to make as a proof.
In this bottom feeding bargain example, he is paying an extra $133.75 per coin over the bullion value
for the priviledge of owning a "rare coin" that "only" another 60+ thousand potential people can have.
That is the price that a current low ball buyer will pay for one of the coins whose previous owner probably felt was not worth paying to grade.
Uh, let me try to understand this Kennedy bullion hype.
...Probably not in my lifetime.
Dealers should be thinking ahead for the Jackie Gold Spouse next year. A two coin holder PCGS First Strike 70 John and Jackie Kennedy Gold Set would be a great set.
Box of 20
This is very evident over the countless times we discussed sales figures
versus final mintage figures on this forum
I believe this issue will be under 75,000, how much under is anyone's guess
Could it end up under 65,000 ---yes but I think unlikely
This coin after all the hoopla and dumping is over will track similar to
the UHR---it is following the same path already
Just so my fellow forumites don't take what I say out of context---I didn't say
AS popular as the UHR, but rather following a pricing trend pattern similar
To the UHR
This coin is the ultimate KENNEDY TYPE COIN---a one time event, this is what
makes it different than a proof buffalo or a typical modern commem
In that regard it's like the UHR ..a single year type coin ( or so we thought, barring 2015 edition)
<< <i>First, I do not believe the sales numbers have all returns factored in
This is very evident over the countless times we discussed sales figures
versus final mintage figures on this forum
I believe this issue will be under 75,000, how much under is anyone's guess
Could it end up under 65,000 ---yes but I think unlikely
This coin after all the hoopla and dumping is over will track similar to
the UHR---it is following the same path already
Just so my fellow forumites don't take what I say out of context---I didn't say
AS popular as the UHR, but rather following a pricing trend pattern similar
To the UHR
This coin is the ultimate KENNEDY TYPE COIN---a one time event, this is what
makes it different than a proof buffalo or a typical modern commem
In that regard it's like the UHR ..a single year type coin ( or so we thought, barring 2015 edition) >>
"Type Coin"... For a moment I thought I read "Hype" coin...lol
I will leave that Ultimate Kennedy type coins claims to any Kennedy mules, off metals, and/or transionals that may exist
and which by virtue of manufacture, are actually rare.
Admittedly, your comment is legitimate.
The gold in the coin certainly does makes it different enough as a type coin to draw serious interest, but with a mintage of over 10K,
and a 500 dollar or so per coin Mint markup over bullion value, maybe not such a compelling offer for many serious collectors.
<< <i>The gold in the coin certainly does makes it different enough as a type coin to draw serious interest, but with a mintage of over 10K, >>
"Type" coins like this are not judged by normal gold commem mintage levels like the 10k you mention........but by mintages driven by true demand - like the UHR as an example.
The UHR had a mintage of 115,000. Waaaaaay over your 10,000 figure, so why isn't it selling for spot? Because it is very popular. Because it is a ONE YEAR TYPE. Because it has a popular design.
Starting to see similarities? Popular President, a tragedy still remembered by many, lots of hype over the coin and its release. A one year type coin. The ultimate Kennedy Half. In Gold.
Also, it sells for about 200 over gold melt, not 500.