Comments on: US Mint Suspends In-Person Kennedy Gold Coin Sales

By: Joe A.

Joe A. — Mon, 11 Aug 2014 23:03:30 +0000

I will wait a year to buy the graded coin if that is when the price will go down. The price WILL go down! As far as the labels goes they do make it more of a pain. I mean is a 70 not as good as a 70 FIRST STRIKE! If you wait YOU CAN GET A BETTER DEAL. Look at the Baseball coin when it first came out and now.

By: RonnieBGood

RonnieBGood — Mon, 11 Aug 2014 14:17:24 +0000

Yes, Yes, Yes…
But Why stand in line for an Unlimited Mintage? Because the 1st to the Graders and 1st to Market will get the highest dollar when Sold/Flipped. Anyone in the line just to get a coin for their Collection (with online and phone options from home available) is probably not “Smarter than the Average Bear”.

By: Eddie

Eddie — Sun, 10 Aug 2014 05:45:29 +0000

Since grading agencies can put just about anything in their labels, how about printing in label the name of the original buyer? This would at least minimize profit in secondary market…just a thought.

By: John O

John O — Sat, 09 Aug 2014 16:59:36 +0000

It’s an idea that sounds good in theory but doesn’t in practice. It should be suspended for all future shows.The practice also gives coin purchasing for profit an unfair advantage over the average collector.

By: Amber

Amber — Sat, 09 Aug 2014 01:12:51 +0000

The coziness that I observed between the Philadelphia Mint security and the guys paying the hundreds of people who stood in line for them was disgusting. I mean, they let 2 of the guys go inside of the mint and stand on either side of the line handing out envelopes with pre paid gift cards to their “minions”. How is this kosher?

By: Joe

Joe — Fri, 08 Aug 2014 22:29:00 +0000

What a wast of time. Who ever buys these coins at these prices is wasting there money in the secondary market. They will be cheaper a year from now the 70’s & 69’s.

By: colec

colec — Fri, 08 Aug 2014 16:58:46 +0000

I just think this pandemonium and long waits were completely unnecessary. Not to mention the grading and flips. All you had to do was log in from your job, stay in the waiting room and eventually, even after 2hrs… you get in and get your coin. Unless you don’t have a computer, the sleep overs on the street makes absolutely no sense for an unlimited version .75oz gold coin, that the mint will continue to make at a rate of 6k per wk, for at least this month – so that everyone who wants one, can get it. Smh. They will always know how to get the suckers.

By: Joe33

Joe33 — Fri, 08 Aug 2014 15:39:06 +0000

Well, I guess the future of coin collecting is very positive based on the number of strapping young men of all races in line to but the Kennedy Gold Halves!
And I thought it was mostly us old guys doing the collecting. (ROTFLMAO)

The problem really isn’t with the dealers. Like the mint retailers said, they aren’t breaking the law. We would all like to make a profit on our “extra” coins. The problem is with the idiots buy from them and who pay the huge prices for the plastic encased coins with “First Day” and other meaningless markings. There is so much profit involved, we are now questioning if the grading from these companies is even legit! (Of course, from some companies, their grading was always a joke.)

The mint could certainly do more, but when money is involved, there will always be people who find a way to scam the system. I just hope I get my coins soon and they are as nice as the ones I have seen photos of.

By: Victor DeCurtis

Victor DeCurtis — Fri, 08 Aug 2014 15:26:18 +0000

In reply to Doug. Doug, the mint has security personnel. I can attest to that fact. Having tried to visit the mint in Denver, twice and was denied entry, twice after driving a few thousand miles, both times, they can prevent an American from entering but could not give a damn whether you or anyone is safe on the street, right outside the mint. By the way, just around the corner from the Denver mint is a jail and a court house where very sleazy characters hand out. Buyers, beware and be wary!

By: Doug

Doug — Fri, 08 Aug 2014 11:11:38 +0000

What about the people who bought plane tickets to await in line on Thursday to buy a Gold Kennedy? Why would the US Mint Allow a Dealer to sit in the line right before purchasing coin inside show with white envelopes with $1240.00. in them. They knew this was happening and when I approached them they said “They are not breaking the Law”