Comments on: 2014 50th Anniversary Kennedy Gold Coin Limited to 75K

By: Kyungwon

Kyungwon — Sat, 13 Dec 2014 09:23:10 +0000

75K is a low mintage ? If you remember JFK and you want to own the commemorative coin, it will be a nice coin for you….

By: Kevin

Kevin — Tue, 09 Dec 2014 06:42:59 +0000

I bought one but sent it back when it was slow to arrive. Beautiful coin!

Investment-wise I think silver will outperform gold. Both have required patience these last few years. If you remember the last precious metals bull market in 1980, before it hit a peek it had about a 50% retracement. Patience pays.

By: Joe

Joe — Tue, 09 Dec 2014 05:01:08 +0000

Hi Jeff , The dealers will win if they payed cash and didn’t put them on a high interest rate card. The people who bought 2 or 3 from the mint will be happy down the road.

By: Jeff

Jeff — Tue, 09 Dec 2014 03:44:53 +0000

@Joe –
The comment about dumping was made based on empirical evidence at the Long Beach show in early Sept. Several dealers there had piles of K15s (many PR70s) that they were not able to move. They were hoping that maybe they could return them to the mint – they’d already flipped enough that the whole venture was profitable – but at least one dealer had over 50 slabbed that he wanted to but couldn’t move. With the price having been at $1165 for a couple of months now, that has put a lot of downward pressure on dealers who overbought at $1240 those first few days.

But you are correct. I think there will be a lot of activity over the coming years. While it is a lot to hold onto, I suspect that as gold holds lat lower prices the available inventories will be held back, driving prices up, and as gold moves higher, more will be available, but will command prices commensurate with higher gold. Eventually the dealers will win; it just might take a few years.

By: Joe

Joe — Mon, 08 Dec 2014 22:51:31 +0000

The dust hasn’t settled yet wait a few years. That is for dumping in the secondary market and over supply out there.

By: Jeff

Jeff — Mon, 08 Dec 2014 17:48:21 +0000

For those who haven’t been keeping score, 62,341 were sold the first week (in August), 1,180 the second week, 1,015 the first week of November and a whopping 3,104 for the other 14 weeks combined. Many complained that 70K were too many, and in fact there has been some dumping in the secondary market as there is an over-supply out there. The current price from the mint is $1,165 and might go up this Wednesday (although right now it won’t). Judge for yourself, however the likelihood is that less than 2,000 more will be sold this year and sales will end on or about Dec. 31.

By: Joe

Joe — Mon, 08 Dec 2014 01:04:55 +0000

Great coin for the investor. 75 K gold real nice.

By: RonnieBGood

RonnieBGood — Sun, 07 Dec 2014 23:49:12 +0000

Good. This will sell-out.
If you do not have one or wish another get one while you can.
The lower price of gold (since the initial issue) is an added bonus.

By: Gary D.

Gary D. — Sun, 07 Dec 2014 23:16:40 +0000

Jp, They have already sold 67,640 coins, that would mean they only have 7,360 to sell to reach the 75,000 cap.

By: Jp

Jp — Sat, 06 Dec 2014 01:02:30 +0000

So are you guys buyers??? If they continue to sell these at a rate of approx. 400 per week it would take 4 1/2 months to sell 75K . That will never happen. I think they pull the plug within the month. Gold is GOOD! I say BUY! 🙂