Comments on: First Four Kennedy Gold Coins Sell for $20K, PCGS Certifies First Six

By: Larry Ramos

Larry Ramos — Fri, 15 Aug 2014 19:38:44 +0000

The biggest coin dealers ripped of the coin collecting hobby, Silver town has 44 gold Kennedy’s for sale on Ebay right now. for two days of sales at the coin show? BOYCOTT Silver town. They ripped off the very public that they sell to.

By: Joel

Joel — Fri, 08 Aug 2014 02:39:50 +0000

There’s no way those first four coins were actually 70!!! The grading companies are crooked, and give inflated grades to the big dealers who throw a lot of business their way. If an average collector had submitted them, they would have come back with much lower grades. Shameful

By: Richard Edwards

Richard Edwards — Thu, 07 Aug 2014 13:09:26 +0000

I enjoyed talking to your people at the A..N.A. show, I hope PCGS extends their Sept. 8 cut off date.
Now the problem. why didn’t your staff report the cluster—– that they had there in the line to get the coin, the bib dealers bringing in people the night before and paying them to stay there. all the other dealers knew about this problem and ANA did nothing about it except to say I’am sorry. I will not go to another show like this
one.

rick edwards

By: Edward Durfee

Edward Durfee — Thu, 07 Aug 2014 01:38:38 +0000

Why in the world would anyone pay that amount I do not know. Only wish I could have been the seller. Sold my coin and got one as well. Interestingly, PCGS showed its colors when it grades the first 4 coins PR-70 and then only PR-69 after that. Come on guys, unless they were mishandled, can only four get the top rating?

By: Richard Erickson

Richard Erickson — Thu, 07 Aug 2014 00:17:15 +0000

We have seen the same thing with the American Eagles. When the POP is low at the beginning Value is up. But as more coins are graded 70 down goes the value. Look at the 93 -94 silver proof the 2006 Rev Proof etc. etc.

By: RonnieBGood

RonnieBGood — Wed, 06 Aug 2014 21:41:44 +0000

Since the Mint makes no effort to designate the first coins off the money mills will create a way and you have 1st sold and the 1st thirty days sold. It is in fact the US supply & demand business model at work.

By: Bubba

Bubba — Wed, 06 Aug 2014 20:36:31 +0000

First coins sold? What does that mean? They didn’t sell them as they were minted. I am not sure of the significance of having one of the first coins sold.
When you realize that people pay more for this kind of stuff, it is best to stay away from that maket. If you can make money on it that is good, but collecting it when there is that kind of mentalitity, you will probably end up paying too much.

By: RonnieBGood

RonnieBGood — Wed, 06 Aug 2014 15:00:34 +0000

What you are missing is the significance of these coins in the future. 25, 50, 100 years from now these will be the coins trading for 100,000’s of thousands to millions (inflation) of dollars.

By: SactoMike

SactoMike — Wed, 06 Aug 2014 14:43:10 +0000

Here’s my experience: First, If you’re a collector of the Kennedy series, the coin is a must-own. It’s brilliant. No doubt about that. However, buyer beware: because of the way the Mint has structured sales (no mintage limit to date), this issue will not be rare in any grade. And for those looking for a “first strike” opportunity, unless you were lucky enough to be at the two big coin shows where they were available, or, were able to use lightning-fast Internet connection speed in the first nanosecond of the “waiting room,” forget it. I have a T-1 line at work (with 35mgbs per second speed) got into the waiting room at precisely 8:45 a.m. PDT, and my wait was 75 minutes. When my turn came up, the coins I ordered came with an email confirmation receipt that said “Backordered to Sept. 8.” Translated: the Sept. 8 date is 3 days outside the 30-day requirement that PCGS has for first-strike designation on slabbed coinage and therefore not eligible. I’m not arguing for or against “first strike” or “first issue” designations by these coin grading services, — they are a clever marketing scheme — but those coins are the ones that do command a premium in the aftermarket. Unfortunately, the rest will be trading at or near bullion value.

By: art

art — Wed, 06 Aug 2014 13:36:54 +0000

I think this grading thing is just a scam. That’s just my opinion my.