1964-2014 Kennedy Gold Coin to Start at $1,240

by Mike Unser on July 30, 2014 · 13 comments

And the starting price for the dual-dated 1964-2014 Proof 50th Anniversary Kennedy Half-Dollar Gold Coin is… $1,240.

1964-2014 Proof 50th Anniversary Kennedy Half-Dollar Gold Coins

A tray of 1964-2014 Proof 50th Anniversary Kennedy Half-Dollar Gold Coins produced at the United States Mint at West Point on July 22, 2014

That’s how much collectors will need to hand over to get one the 50-cent gold pieces when they launch on Aug. 5 from:

  • the 2014 Chicago ANA World’s Fair of Money in Rosemont, Ill.;
  • U.S. Mint retail shops in Washington D.C., Philadelphia and Denver; and
  • online at www.usmint.gov/catalog and by phone at 1-800-USA-MINT (872-6468).

Online and phone orders are limited to 5 coins per household while in-person purchases at the ANA money show and U.S. Mint shops are restricted to 2 coins. In-person orders are further limited to those who are 18 years and older.

Struck in three-quarters of a troy ounce of .9999 fine, or 24-karat gold, the price for the 2014-W 50th Anniversary Kennedy Gold Coin is based on a London Fix weekly average of gold that sits within the $1,250.00 to $1,299.99 range. The latest weekly average was just 69 cents away from the next higher pricing tier. Every Wednesday the average gets recalculated by the Mint. For each $50 range movement, the gold coin’s price shifts higher or lower by $37.50.

See photos of the 24K Gold Kennedy Half-Dollar.

Buying Kennedy Gold Coins at ANA Money Show

In related coin news, the American Numismatic Association has announced "safety procedures" for United States Mint purchases at the 2014 Chicago ANA World’s Fair of Money. The U.S. Mint previously said that it would sell up to 2,500 gold Kennedy halves at the ANA show, held Aug. 5 – 9, and that there would be a daily limit there of 500 coins. Those wanting a coin will need a ticket. In a news release published Thursday, July 24, the ANA provided the following information about when and where to get tickets.

The line for receiving tickets will form outside of the bourse floor at 8 a.m. each day of the show. There will be signs on site to guide collectors to the correct area. Mint officials will distribute tickets to the first 250 people in line between 10:30 and 10:45 a.m. each day. At 11 a.m., collectors with tickets will be led onto the bourse floor through a special side entrance that will take them directly to the U.S. Mint booth to complete their purchase.

Collectors are reminded that proper credentialing is required to enter the convention hall at the World’s Fair of Money. Collectors who are not credentialed will be asked to leave the ticket line.

Price Reduction for Other U.S. Mint Gold Coins

Finally, the latest average of gold marks a $50 drop from the previous pricing range, which means all numismatic gold coins from the U.S. Mint are now cheaper. Here are the coins and their lower prices:

Numismatic Gold Coin Products From To
2014-W Proof American Gold Buffalo Coin $1,690.00 $1,640.00
2014-W Uncirculated American Eagle Gold Coin (1 oz) $1,625.00 $1,575.00
2014-W Proof American Eagle Gold Coin (1 oz) $1,660.00 $1,610.00
2014-W Proof American Eagle Gold Coin (1/2 oz) $845.00 $820.00
2014-W Proof American Eagle Gold Coin (1/4 oz) $435.50 $422.50
2014-W Proof American Eagle Gold Coin (1/10 oz) $185.00 $180.00
2014-W Proof Gold Eagle Four-Coin Set $3,075.00 $2,982.50
2013-W Proof First Spouse Gold Coins $865.00 $840.00
2013-W Uncirculated First Spouse Gold Coins $845.00 $820.00

 

2013 First Spouse Gold Coins include the 10 uncirculated and proof coins honoring former first ladies Edith Roosevelt, Ida McKinley, Edith Wilson, Ellen Wilson, and Helen Taft. The available 4 uncirculated and proof 2014 First Spouse Gold Coins honor former first ladies Florence Harding and Grace Coolidge. These coins are available at www.usmint.gov/catalog.

{ 13 comments… read them below or add one }

JOE #2 July 30, 2014 at 11:18 am

Sounds good to me… Gold was hoovering around the $1,300.00 below mark.

Victor DeCurtis July 30, 2014 at 2:20 pm

I’ll take one!

Curt July 30, 2014 at 9:48 pm

If these gold coins are minted to order with no maximum, then why bother with individual limits on sales?

JesustheLionofJudah July 30, 2014 at 10:34 pm

Hey Mike, Curt raises a valid point: if the mintage is purportedly unlimited (which is always the way to render a coin worth no more than its issue price…) then why would there be a limit of 5? There must be a maximum mintage.

RonnieBGood July 30, 2014 at 10:52 pm

It will be $6,200 for the 5 coin household limit. I doubt there will be many households that can order to this limit. What this does is make it difficult for dealers/flippers to hoard the coin.

JesustheLionofJudah July 30, 2014 at 11:20 pm

But if there were an unlimited mintage they can’t flip it anyway, so the hh limit must mean there is a max mintage.

Wdg5 July 30, 2014 at 11:41 pm

@JTKJ so that the hoarders do not block the front of the line with orders of 10000, avoiding making the average collector wait for months to get his 1 coin, that’s why!

RonnieBGood July 31, 2014 at 8:13 am

I think we all agree that a Mintage Limit is preferable.

JOE #2 July 31, 2014 at 10:20 am

I just got a message that the U.S. Mint will cut back to a limit of 1 gold kennedy at the Show in Ill.Smart move in my opinion …

JesustheLionofJudah July 31, 2014 at 11:17 pm

Anyone who thinks a mintage limit is bad, take a look at the resale price of all the mint to demand products offered by the Mint on Ebay. They sell for right at what they were offered at.
When you buy stocks or coins or whatever, do you say, “Gee, I so hope this goes down in value or at least never increases in value!” NO!
You say, “What a great purchase – these will definitely be worth more later! Hallelujah!”

The point is, whatever you buy in collectibles, the only reason people buy it is because they believe it will be worth more later. That’s why it is COLLECTIBLE. The reason why people collect crystals and minerals and not sand is because sand can be had by anyone and is worthless but crystals and minerals are hard to find and are rare, so they are worth something. IT IS GOOD FOR THINGS TO INCREASE IN VALUE AND BE RARE.

Making a profit is a GOOD thing.

Do you want to pass on a bunch of mint to demand trash to your children and children’s children and then they go to sell it and it’s worth the same as you paid for it (or less because of inflation) or do you want them to obtain things of value that have increased in value?

Mint to demand, if allowed to continue, will ultimately cause coin collecting to cease (at least with modern coins) because no one will want it – the 2ndary market is what causes coins to be valuable. No 2ndary market, no value.

Don’t believe me? Look at the sales and values of the entire First Spouse line. Once the Mint cracked and bowed down to the throng of complainers and whiners and caused the limit to be 1, down from 5, the 2ndary market for the coins collapsed, and the US Mint STUPIDLY shot itself in the foot; instead of a guaranteed sellout of 40,000 coins with every release, they struggle to barely sell 5-8,000 of them!
How did the Mint make out on those? Looks like they lost about $30,000,000 on EVERY SINGLE COIN after the 1st 4 coins in the series. That’s a loss of sales of about $210,000,000 since 2008. How’d that work out for the 2ndary market? Destroyed it, and the destruction of the 2ndary market destroyed the sales AND value of the coins, so the Mint lost as well.

It’s quite clear, this is just 1 example. The AE Platinum coins and ATB 5 oz coins are other great examples of how these 3 lines taken together will ultimately cost the US Mint a loss of about 500 million dollars in sales at the minimum.

Mint to demand doesn’t work – it destroys coin sales and coin values. Limited mintages and 1st come, 1st serve is the only thing that works; just like buying stocks or any type of collectible.

Johnny U August 1, 2014 at 7:24 am

Ultra high relief Gold coin was mint to demand. I’m feeling real good with my 70 being worth over $3000.00 while I paid just under $1200.00

Lee August 1, 2014 at 7:52 am

Johnny, wouldn’t you have to find some sucker to pay that much? Especially when it can be had at $1240? I saw several on advanced sale for over $3000 advertised as PF70 First Strike. How can they be sure they can fill the order when they don’t have them in hand yet? Or, do you have some way of buying these things ahead of everyone else?

JesustheLionofJudah August 2, 2014 at 5:48 pm

Hey Johnny, it took some time for the UHR to appreciate in value, but you also forget that gold price was a key contributor to the rise; gold was about 800 an ounce at the time of the UHR and now it’s 1300 almost. So there’s 500 of the increase there (and you’re also talking about a perfect graded coin, for the raw coin the issue price was 1200 and ungraded the coin fetches about 2100-2200 now (adjusted for gold increase that’s only 1600-1700, which is not much on a gold coin on this popularity – if it had been capped at 50,000 they would likely be worth 4,000 by now ungraded and 6000 in ms70), but that aside, it is the only mint to demand product that has risen. Generally speaking MTD (mint to demand) is a detriment to both the US Mint sales and the collectors and investors alike.

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