WHERE DID THE PROOF JACKIE KENNEDY COINS GO?
Kudbegud
Posts: 4,735 ✭✭✭✭✭
An editorial (?) in Coin World Voices section by Louis Golino. He opens with a little about the Truman C & C sets then discusses the missing PF Jackie coins. Interesting read. I hope he gets a response from the Mint’s Office of Public Affairs as he has requested.
LINK
(Coin Vault LINK) Cited in a later comment (Mint News Blog Comments LINK) as one of the dealers that already has graded First Day Of Issue coins for sale.
LINK
(Coin Vault LINK) Cited in a later comment (Mint News Blog Comments LINK) as one of the dealers that already has graded First Day Of Issue coins for sale.
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Comments
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
another dealer - southbaymint has them too
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Dealers have them in stock back from NGC (with at least one picture and cert number). I guess that could happen in 4 business days, but it certainly seems like there would be a lot of grease along the way to make that happen
Box of 20
I knew it would happen.
With the known problems on their website, that doesn't seem possible.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
a middle man for "the backdoor man" who made millions off of Beanies & Pokemon. There is always a way.
"If you push something hard enough, it will fall over"
Edited: Just spoke to D.C. Kiosk. Said "We had quite a few proofs. Sold out on first day.". They have 1 UNC left. I'm only 20" from there. Should have bought some proofs and sent in for FS. Oh well...
Instead of hiring people to stand on line at the Baltimore coin show to buy up the mintage, now the same dealers are bypassing the street people and going directly to the source. Who know who some of the ringleaders were the last time. They are probably the same people this time around.
One can expect such behavior from businesses. If they can get a leg up they'll do it. The disappointment lies with the United State Mint which condones and abets such behavior. We all pay taxes and are citizens of the U.S. Unfortunately, with the government "some pigs are more equal than other pigs." "The more equal pigs" are getting to wallow up to the trough first and lay in slop to prevent "the less equal pigs" from consuming until those lesser pigs have paid a monopoly rent.
GOD BLESS AMERICA ! LAND OF THE FREE AND HOME OF THE CAPITALISTS.
<< <i>
GOD BLESS AMERICA ! LAND OF THE FREE AND HOME OF THE CRONY CAPITALISTS. >>
Fixed that for you
Putting it on ebay
MCM Ebay for those that want NGC graded
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
It is the fullfillment company who actually controls who gets shipped first no matter how
they were directed by the mint.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
DEMAND UNDERESTIMATED
Fax for Acting Mint Director Peterson - 202 756-6160
have at it
<< <i>Yup you will get them 31 days from now, just after cutoff >>
No question :-(
<< <i>people are willing to complain here where it does not matter, but not complain to the people who do.
Fax for Acting Mint Director Peterson - 202 756-6160
have at it >>
No luck, it is a holiday week and he is getting ready to take a day off by taking a few days off.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>Fullfillment received more supply as of June 30th and will start shipping soon.
DEMAND UNDERESTIMATED >>
The Mint needs to stop that BS cloud commin out their ice and poot out some real numbers. Oh they underestimated demand , OK so how many POOFS
did they have struck for first day sales? And how many BU's were struck for first day sales?
I got 3 BU's on the way. Those are going back. I have 1 more Poof ordered, I'm gonna attempt to cancel that. I already canceled an order with 2 Poofs.
I'd like to see those Dealers eat their Jackies just like these had to eat their Johnnies. That would serve em right. A one fingered salute to em all.
I am wondering, under the freedom of Information Act, can anyone request of the U.S. Mint all emails, etc. surrounding the distribution of these coins? Has anyone here ever successfully requested information under the Act?
Wondercoin.
Little boys don't get to flip.
<< <i>Big boys playing games again.
Little boys don't get to flip.
>>
Some us don't want to flip; we want to collect.
<< <i>people are willing to complain here where it does not matter, but not complain to the people who do.
Fax for Acting Mint Director Peterson - 202 756-6160
have at it >>
I tried an additional route by emailing Coin World to investigate and report.
William T. Gibbs - Managing Editor
937.498.0853
bgibbs@amospress.com
Steve Roach - Editor-at-Large
937.493.0932
sroach@amospress.com
Paul A. Gilkes - Senior Editor, U.S. Coins
937.498.0855
pgilkes@amospress.com
$500k order with the mint guarantees you get priority over others.
Turn around time for MCM to get NGC graded coins was 4 business days...
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
I could say, "don't patronize the pigs", but I suppose that includes the Mint as well.
In the long run, demand matters. Still, this isn't an instant sellout and you can still get a confirmed order for an un-picked-over Proof Jackie. Wait a little too long, and you may not have that option.
I knew it would happen.
Has anyone looked at the Gray Sheet number for the Proof $5 gold baseball coin. It's down to $600 which not that much above the issue price. And I've learned that it's hard to find any dealer who pays Gray Sheet bid for modern commemoratives.
I am high buyer on CCE right now (as far as I know) for gold baseball. If anyone has FRESH baseball gold (or 70 grade), I am buying!
Wondercoin
<< <i>"Has anyone looked at the Gray Sheet number for the Proof $5 gold baseball coin. It's down to $600 which not that much above the issue price. And I've learned that it's hard to find any dealer who pays Gray Sheet bid for modern commemoratives."
I am high buyer on CCE right now (as far as I know) for gold baseball. If anyone has FRESH baseball gold (or 70 grade), I am buying!
Wondercoin >>
Yes, but at what price. You can sell the Statue of Liberty or Costitution $5 gold coins for scrap, but who pays bid? None of the dealers from what I've seen.
Bill. I'll send you a PM tonight. I don't want to "advertise" any further on this thread.
Wondercoin
the rest are ready for shipping. How is that possible?
<< <i>It's a miracle. Now that all the big dealers have their proofs graded and for sale at rediculous prices,
the rest are ready for shipping. How is that possible? >>
Probably those coins are return/rejected from dealer not getting 70.
<< <i>
<< <i>It's a miracle. Now that all the big dealers have their proofs graded and for sale at rediculous prices,
the rest are ready for shipping. How is that possible? >>
Probably those coins are return/rejected from dealer not getting 70. >>
Thats really sad and probably true.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
I am not sure the big purchasers will return them. I believe the mint stated years ago that those that abuse the system will be penalized. I don't think those dealers want to jeopardize their positions. I doubt the mint wants to have thousands of returned rejects from dealers to give to their loyal customers and if they did do that imagine the repercussions if that got out to the public. I believe the mint would not put their marketing position at grave risk.
Box of 20
<< <i>Probably those coins are return/rejected from dealer not getting 70.
I am not sure the big purchasers will return them. I believe the mint stated years ago that those that abuse the system will be penalized. I don't think those dealers want to jeopardize their positions. I doubt the mint wants to have thousands of returned rejects from dealers to give to their loyal customers and if they did do that imagine the repercussions if that got out to the public. I believe the mint would not put their marketing position at grave risk. >>
Pushing the biggest name in the series to instant backorder for their "loyal customers" because they sold thousands to dealers behind the scenes didnt put their marketing position at grave risk?
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
from the Mint that way. Glad they got a return policy.
Stuff it , US Mint.
Box of 20
Bummed that I could not cancel proofs. Will have to pay to send them back as well.
<< <i>I just cancelled my one proof order not because of dealer rejects, but seems to be not as popular as I hoped. Even at 30K that would put it close to the Martha Washington which is selling for near melt now. >>
With all due respect this one of things that frosts me about the mint policy. When I buy ONE coin, I don't send it back unless there are condition issues, and I'm not talking about sending a piece back because it is MS or PR-69 and not 70. I'm talking about finger prints, big marks and toning spots. I don't cancel orders because the coin does not look like it's going to be a good investment. I buy it because I want to collect it.
Then when it comes to something that is popular I get shut out, unless everything works perfectly for me on the Internet. Then the flippers, who are fair weather customers, end up with them and try to charge me a premium. This is my beef about distribution. The mint creates an artificial "rarity" as it has done with this Truman set, or it has insufficient stock as it is with the Jackie Kennedy half ounce gold piece and distributes it so that a comparatively small group of people get to control the market.
Of course the saving grace is that a lot of this stuff does not hold its value. The baseball gold coin, which was once so expensive is now down to $540 wholesale in Proof despite what it says on Gray Sheet. If you are willing to wait, you can often buy it for less.
What the mint should do is limit the orders to one per household during the first 24 hours. After that open it up to unlimited numbers. Why does one household need five sets if the collector is buying for his or her collection? Search me.