Comments on: Mad Dash for 1964-2014 Kennedy Gold Coins Captured on TV

By: jim

jim — Thu, 14 Aug 2014 18:01:02 +0000

I think the Mint was trying to have create some collector fun and energy by making them available as they did but the organized greed factor ruined it.

By: colec

colec — Wed, 13 Aug 2014 18:31:17 +0000

Kenneth – I have no issues with all of whom would like to have this gold edition Kennedy Coin, while having fun, sharing and teaching your children. It is definitely unique in the choice of metal used. And my personal view is that because its unique in metal, it would have been great to be carried over in mintage, so that its not just an exclusive piece but also has great value. And I think its safe to say, that there maybe a lot of people who would or have also wished the same. At some point, people would love to cash in these wonderful coins at a great price (based on the history of coin collecting) and to say that is not in the back of a person’s mind, to me is a bit of false modesty. But nothing’s wrong with keeping your coin and passing it down to 3 or 4+ generations… Awesome!

By: Kenneth

Kenneth — Wed, 13 Aug 2014 17:32:29 +0000

Colec, no false modesty here. I wrote what I believe and feel. Tom Thumb, we see it exactly the same! JP, like you, my coin collection is going to my son. Coin collecting is one of the joys we are lucky enough share! My expectation is that this coin will remain popular for a long time. I wonder, will a set of Kennedy Halves be considered complete if it does not include this coin? Gold is, after all, not the traditional metal for a half dollar. At least for now (until the mint produces one or more of these coins on an annual basis ;), it is certainly a unique addition to a set of Kennedy Halves!

By: FreeThinker

FreeThinker — Wed, 13 Aug 2014 03:34:25 +0000

You’ve all brought valid points, Kenneth included. Having collected for 45 years, I personally have been a fan of both a modest mintage limit, such as we saw with the HOF BB gold (50,000) or a 4-week ordering window. My sense is, for those who truly want one, they’ll order it in the first few weeks. After that, sales drop off dramatically. But a limit does give us at least the veil of something that won’t be available at that price for any length of time. So, yeah, it’s a little more special. Methinks that the Kennedy gold will ultimately find its popularity on par with the original 1964 business strike. It may not command a huge premium in the aftermarket, given the ultimately large numbers for a commemorative, but it will be a fine piece to own. Secondarily, the price of this issue will likely mirror the price of gold. Something to keep in mind.

By: Jp

Jp — Wed, 13 Aug 2014 01:42:14 +0000

Colec, I agree with you. Kenneth, I too am a collector of coins. But… I always wish my collection to gain in value. I have coins that were given to me from my parents and found and saved from when I was young. Most of those coins are “just fine”, and they mark a time in life but a worn Indian Head penny is really only worth a penny, and that’s OK with me. I buy coins now from the Mint, coin shops, on line , for something special I am looking for to add to my collection, but also in the back of my mind to hopefully increase in value. All of these coins will be given to my children. They will be the ones to see the profit and in the meantime I get to enjoy the “hunt”, the “negotiating” and family time spent with my kids talking about coins, and investing. It’s not a bad thing to want to collect and look for a profit in purchasing coins.
Yes, the Mint is a business. It makes a profit,(and that’s fine with me) but I’ll put good money on the fact the majority of people would like to see a coin limit on any specialty coins.

By: colec

colec — Tue, 12 Aug 2014 22:23:22 +0000

@Kenneth – Oh please stop with the false modesty about your collecting. Whether you are a hobbyist, collector or investor, each person would like (at some point) to be able to exchange that coin when its at the peak of its value or when an opportunity avails itself to give it up. We all enjoy collecting for different reasons. Some of us just like rare or low mintage commemorative coins. So even if you keep your coin for 30 years and pass it on to your children who would keep it for another 30+, at some point, you/they would consider given it up as an exchange for something that’s of value to you/them. So those who are flipping, see the prize now and are seizing the opportunities. Others? Well, they’ll sit on it for a while. But at the end of the day, you can’t eat your physical coins as much as you enjoy watching them – hidden lol.

By: PMPNC

PMPNC — Tue, 12 Aug 2014 21:23:32 +0000

tim thumb….that explains it and makes sense, thank you.

why pay someone when you can purchase directly from the mint? It is just an accumulation tactic (i.e. get as many as you physically can right this minute)?

By: tom thumb

tom thumb — Tue, 12 Aug 2014 20:55:06 +0000

Kenneth I agree with you 100%, I’m a collector not a flipper or investor, if it increases in value so be it . if not so be it . I have one in my collection. PMPNC. These people were paid to get those tickets. If you watched the video you could hear one man shout ” I.m going to Disney Land”. That was his payout.

By: PMPNC

PMPNC — Tue, 12 Aug 2014 18:44:30 +0000

Looking at the folks (some very young kids) making the dash really makes me think, do all of these people have $1240 for a coin? Not to judge but how did they hear about the release date, what makes THIS coin so special to them, what do they plan to get out of the purchase, etc??

Seriously, were ALL of these folks ready with their $1240 in hand to buy? Am I the only one thinking this? Can you “sell” your placeholder ticket to someone else or something?

By: Kenneth

Kenneth — Tue, 12 Aug 2014 16:49:02 +0000

I have to disagree with those who want a mintage limit. I sincerely hope that everyone who wants one, gets one! I am not interested in bragging rights and I don’t collect for profit. I collect for the joy of having one in my collection. I’ll bet I am in the minority because I am neither greedy, nor profit motivated. I invest my money elsewhere. If you don’t like the price or the fact that the mint is making a profit, then speak your voice with your pocket book. Don’t buy any. The rest of us will enjoy our coins in our collections. I do as I say. When the mint produced the 1995 W proof silver eagle and didn’t send me an order form, I stopped collecting silver eagles.