2014 Kennedy half dollars

I have to start work @3pm that day, i'll pull in the parking garage an hour before the show starts. That gives me 3 hours to meet Kennedy before i have to leave for work.

We'll see...

 

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How much can one make buying these coins

 

That is to be determined. For me, with travel fees, hotel fees, grading fees, selling fees, etc, not as much as a local resident.

 

W

whats projected? Not figuring expenses

 

I don’t see the profit in these. Yeah, maybe some premium for the label, but nothing like the HOF coins, since they won’t be selling out.

 

Well the ordering process for the first of the special Kennedys was pretty smooth for me. Jumped into the waiting room at 11:45, at noon they told me it'd be a 15 min wait, and although the predicted time fluctuated up and down, I was on the site at 12:15 and able to place my order within about a minute. No reloads or anything. Much smoother than for the HOF coins. Then again, these are just the plain clad Kennedys, so there may not be as much demand....

Order # was 43645XXX...

 

5 K14's ordered at 12:14pm edt, order number 43644xxx, expected ship date 7/28/14.

 

hey can anyone order a set for me? i forgot to tell my friend who usually buys them for me and the mint doesnt ship to me.

 

I would, but, the 5 I ordered are already spoken for. Why won't the mint ship to you?

 

because i am overseas thats why

 

WOW! Someone is dreaming BIG! I was looking at eBay tonight and it looks like someone is trying to turn a $10 bill into $500 (LOL)?

http://www.ebay.com/itm/50th-Annive..._Individual&hash=item33929e3026#ht_8639wt_806

 

HAHHAHAHAHHAHHAHHAHHHA........er...HAHAHAHAHHAHAHHAHAHAH ROFLMO!!!!!!

 

To be honest, he might not be that out of line. These are ana graded coins, not ones he just bought online

 

He plans on having them graded by PCGS at the show, not ANA. PCGS is not the official grader for the ANA but PCGS will be grading the coins also at the show at $75 each...so $150 for the two coin set. I assume NGC will charge the same amount to grade them, although I haven't heard yet. NGC will NOT take them unless you have the receipt proving that you bought them at the show. Don't know if PCGS will require proof. If they don't then there may be lots of people that bring theirs that they bought online to have PCGS grade them. Be interesting to see how this all works out.

 

I'm having a vision! One day the bottom will drop out of this label market and many will feel like they're holding Beanie Babies. It's absolutely unbelievable that anyone would pay $75 to grade a $5 coin and even more unbelievable that someone would pay more for that label on the secondary market. Whenever someone walks into the shop with a "special" label, I make it a point to burst their bubble by offering no more than what the coin alone is worth. I’m simply not going to risk my reputation by selling something I know will crash someday.

 

While I agree with you that paying extra for a special label is foolish and to me the only thing that determines the value is the grade, variety, date, mint mark, mintage and population graded; why would you go out of your way to belittle a potential customer by making “a point to burst their bubble”? If this is what you have for people skills, I have to wonder how many customers you have lost over the years for repeat business.

I could see you telling a potential customer that their coin for the condition that the third party grading company assigned to it is only worth XXX amount and all you can offer them is YYY amount because you need some profit to pay for the overhead plus not knowing how long your money will be tied up before you could sell it.

I could also see telling the customer that your cliental are not interested in “Special Labels” and the only thing that they are concerned about is the coin and sometimes the grade that the third party grading company has assigned to it.

I might even add to the conversation that I hoped they didn’t have too much money tied up in the “Special Label” but if they wanted to sell the coin, all I could offer is the YYY amount for the coin and grade assigned and the “Special Label” really had no extra value to me or my customers. Heck, some graded coins have no extra value from their raw counterparts, let alone the labels.

But to go out of your way to “make it a point to burst their bubble” is just childish and uncalled for. If I was just a bystander in your shop looking to buy a few coins for my collection and saw you treat a customer like that, I would walk away and never return to your shop.

 

Leading up to the start of sales, the Mint indicated that 37,000 of the sets would be available and ready for immediate shipment to avoid delays in fulfillment. Based on the first sales week, the Mint will evaluate demand and adjust production plans accordingly

What if they adjusted to zero production right after the first week and the mintage ended up to being 37k wow is that possible ?

http://mintnewsblog.com/2014/07/50th-anniversary-kennedy-half-dollar-uncirculated-coin-set/

 

You certainly read a lot into, “Bursting their bubble”. “Bursting their bubble” by offering them only the coin value, seems tactful enough. If there was further discussion, sure I’d explain that the coin value is all I’m interested in. To tell the truth, rarely does anyone walk into the shop with a “special” label. Maybe the word has gotten out not to waist my or their time trying to sell me one. Or, maybe there aren’t that many fools out there buying “special” labels. Half my customers would be laughing that someone paid a lot for a “special” label, the others would just shake their heads. I would lose customers if I tried to sell them a “special” label at a significant premium.

 

No because from a post on the NGC forum someone who purchased around 1AM Eastern time was reporting that the sets were back ordered at that point to September 6th so they must have already sold well more than the 37,000 sets on hand. And that was in the first 12 hours. Who knows what it will be after a week when they re-evaluate the production schedule. Even if they decided to stop sales the final mintage would be well over the 37,000 figure.

 

Looks like first day sales hit 68,974 units...

http://mintnewsblog.com/2014/07/kennedy-half-dollar-clad-set-first-day-sales-reach-68974/