Comments on: 2014 Kennedy Gold Coin Sales at 62,341; Price Increase Likely

By: John

John — Thu, 21 Aug 2014 12:26:27 +0000

I’ll buy secondary buffalo pf70 with 1/4 more gold and a mintage of 18,000 for the same price.

By: Jeff

Jeff — Tue, 19 Aug 2014 23:16:36 +0000

So, here it is two weeks after launch, and sales through August 17 have really flattened out at 63,521. That represents 1180 additional coins, and may represent an incentive to buy before last Wednesday’s price increase. LBMA fixes will keep the price at $1277.50 for another week, possibly contributing to continued weak sales. At this rate, the 75,000 mark would take us into mid-November, but I suspect that sales will terminate sooner. Depends on when the 4 coin set is offered.
And how’s this for lack of interest. Just watched an ebay auction for 3 coins at $3800 opening bid expire with no bids. That’s less than what it costs right now from the mint and delivery would be at least 2 weeks sooner than the mint could offer.

By: Jeff

Jeff — Sun, 17 Aug 2014 17:42:40 +0000

I would expect to see more 70s than 69s, based on the nearest comparable coin ($50 Proof gold Buffalo). Both PCGS and NCG have graded far and away more of these at 70 than 69. The Kennedys are similar, though slightly smaller diameter and thinner, to the Buffalos. There should be no significant premium for these based on populations (though it may be a penalty for a 69 grade, which would be the same effect) and coupled with the ‘mint to demand’ quantities, prices should settle out just a bit above melt over time, and possibly may even be below initial cost, sad to say. Paying a premium for the first coin sold at a given location is absolutely insane and even sending them to TPGs make very little sense. Most should be ‘perfect’ or near perfect, and if you aren’t happy with the coin, it can be returned to the mint, so sub-standard (PF-68?) coins can be culled.
Looking forward to sales figure on Tuesday. That should be a good indication of where this issue is going.
BTW, my order was placed at 2PM on 8/5 and on 8/17/14 it shipped. While the website did have ship dates of 8/10 and 8/15 for new orders on Monday, it was back to 9/15 on Tuesday.
@Roy – because of the extreme limits and the conditions placed on those limits, the mint has to really go through all the orders, not just for name, but also for address. At 5 per address, that will add a few days to the initial order backlog. There will probably be future delays until such time as household limits are increased or removed, to ensure someone (dealers?) aren’t ordering 5 this month, and 5 in September, and 5 more in October, etc.

By: Mike

Mike — Sun, 17 Aug 2014 17:16:10 +0000

I have some extra HOF silver dollars proof and uncirculated if anyone is interested.

By: FreeThinker

FreeThinker — Sun, 17 Aug 2014 13:42:58 +0000

The ANA/Chicago 70 first strike PCGS/NGCs have bids in the $2500 to $3000 range, but what I find interesting is that a few bidders are driving up the price, which is a telltale sign of pumping by faux bidders. Ebay is notorious for this. Buyer beware! A week ago these same coins were going for $3500 to $4500, so the prices are coming down.

By: Lee

Lee — Fri, 15 Aug 2014 20:26:18 +0000

12:03 is stamped on my order. But no way for the average guy to a First Day of Sale tag. Has anyone seen any of the coins on EBAY actually sell? PF70 are listed at or about $3600, and PF69 at $1800- $1900. I haven’t hung around long enough to see a bid higher than the $1400 dollar range.

By: Joe33

Joe33 — Thu, 14 Aug 2014 19:56:29 +0000

Order in at 12:24, received today Aug 14.

By: RonnieBGood

RonnieBGood — Thu, 14 Aug 2014 18:21:17 +0000

Got Mine Today! Just Beautiful !!

By: Roy

Roy — Thu, 14 Aug 2014 17:45:06 +0000

In reply to art. My order is still sitting and I ordered just before 1pm on the 5th. Guess I will just have to be patient!

By: art

art — Thu, 14 Aug 2014 17:28:33 +0000

I order mine at 12:29 at opening day and they just ship my order today.