Kennedy half's and beanie babies

I'll wait for you to post the next update. (-:

 

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Zug would puke himself to death if he saw what collectors paid today for unc 1909S V.D.Bs. He sold his hoard in 1918 at 1 3/4 cents each.

 

Yep, and most of the rarest Lincoln Cents were produced this century in mint and proof sets. Since most of them are under the radar at the moment, rolls of them can be put away cheap. Granted they're for the kids/grandkids, but don't you wish your grandparents/ great grandparents put away rolls of 1909-s, 1909-s vdb, 1914-d & 1931-s cents for you?

 

Just think what would have happened if they made gold
beanie babies

 

Indeed it would have been nice. But if they had, they would have left them to the usless eaters that are my cousins, not me.

 

I'm surprised Cladking hasn't posted anything about the 100k JFK. This must be a rather proud moment for modern collectors.

 

There is no way you can make this comparison. There are roughly 7000 pcgs uncirculated graded s vdb's. Figure double that when you add in ngc.

There will be at least 50,000 pr69 or higher Kennedy half's and none will be lost in circulation.

This is the problem with modern coins. There is no drop from minted numbers to surviving coins.

I'm not the only guy who thinks this way

http://coinauctionshelp.com/Coin_Help_Blog/how-to-lose-money-in-the-rare-coin-market/
http://coins.about.com/od/rarecoini...-Modern-United-States-Commemorative-Coins.htm
http://books.google.com/books?id=Ax...ng modern commemoratives losing money&f=false
http://www.coinweek.com/commemorati...ing-a-commemorative-key-date-ms-69-short-set/

 

Ok this my last attempt here. Hof started in the $2000-3000 range. Then they dropped to around $1300. Now they are way lower then $1300. Even if they are higher today from yesterday that does not change the fact they are clearly trending down. Yes I know they are higher then issue price. I'm not arguing that. But it is very clear that the market value is dropping from their initial market placement.

And I can bin a proof or unc for $750. I could even make a best offer for less. Graded pcgs or ngc 70. So paying $900 is just foolish. Someone paid $100,000 for the first half sold but it is not worth that much either.

http://www.ebay.com/sch/i.html?_from=R40|R40&_sacat=0&_nkw=(pcgs,ngc) baseball gold&_sop=15



Here are some completed sales from today. And yes they did hit a low of $600 but this increase doesn't really convince me to invest in hof. And these sales don't have convinced that we are back to $800-$900

http://www.ebay.com/sch/i.html?LH_Sold=1&LH_Complete=1&_from=R40|R40|R40&_sacat=0&_nkw=(pcgs,ngc) baseball gold 70&_sop=13

 

What does any of that have to do with what I posted?

 

Vic, why did you include only the lowest, why didn't you put up the $800+ sales...... I don't see any FIRST STRIKE either.

These aren't done by a long shot. We'll see in a few months who was right and who was wrong, right?

**I don't include NGC 70s, they're too lenient.

 

I think I'll stick with Vegas Vic's point of view in this little debate. I have long railed against fancy-schmancy Mint products as poor "investments" and as iffy numismatic acquisitions; IMHO they are "coins" only by a s-s-s-stretch of the definition.

Not hard to imagine Mint management gleefully rubbing their hands together every time someone thinks of a new PM trinket to pump.

 

The coins cost $420, with grading $450.

How is this a poor investment?

If y'all are talking about the nuts that pay for special labels during the first week or two of any modern issue then YES that's a terrible investment. You have to understand though that $3,000 to these people is like $30 to us. To us it's dumb, to them it's "I got it, lets go play some golf, lets say $1,000 a hole?"

The demand for these is strong. I know of a dealer that is buying up these 70s and sending them back to PCGS for the autographed labels which are selling for $1,200+. Seems like each week PCGS adds a couple of more players. I think they have over 50 different players now.

The first month of release was crazy as y'all know due to the small amount issued. Then came the flood and prices dropped. The flood is starting to recede and prices are sloooooooowly rising. When the flood is gone and the drought starts the price of water will go up, and so will these. I'd say about tax time next year which will be about the time baseball starts up, March-April.

I'm no modern collector, only have 2 moderns. I do sell the mess out of them though. There are failures and successes, I'm not going to name them because some people might own one and like it. I don't like to talk bad about what others collect.

BTW, I paid $420/$425 for mine. Sold my first shipment the day I got them. Sold about 1/3 of my second shipment before the flood. Pulled and holding the rest until supply can't meet demand, which will be in a few months.

 

And if a lot of them had......those coins would be worth a lot less today. That actually happened to the 31 S. Second lowest mintage Wheat cent, but a huge amount of them were put away in Unc rolls at the time they came out. And now it is the cheapest of the "Key date" Wheats and like the 50 D nickel easier to find in MS than circulated. If a bunch of our grandparents had put away a bunch of rolls of those other key dates they would also be easily available in MS at much lower prices.

 

How can one compare a circulating issue (09 S VDB) with a gimmick (special Kennedy bullion coins)? Its like saying if I paint an original piece it'll appreciate as much as a Monet because it's one of a kind. Ridiculous.

 

I didn't post the "fancy" label coins because I already know what a fancy piece of paper is worth. If we are going to talk about the value of the coins then let's focus on the coin. Allow the market time to show us what the fancy paper label is really worth.

But you failed to note the bottom line. I can bin obo one right now either service 70 starting the talks out at $750. To me if I can by one at what $735 ish with the negotiations starting at $750 then that is what the coin is worth regardless of what others are paying.

You have said one and only one thing that I strongly agree with. We will both see where this goes. But the point I have been making is it is at under $750 now and 12 months from now people will be wishing they sold at that number. We shall see. It is only a matter of time.

 

coleguy Coin Collector

How can one compare a circulating issue (09 S VDB) with a gimmick (special Kennedy bullion coins)? Its like saying if I paint an original piece it'll appreciate as much as a Monet because it's one of a kind. Ridiculous

The comparison I made was how people acted during the release of the 1909S V.D.B and the gold JFK. Sorry if you got all aroused for nothing.

 

Living in Denver, this stuff actually makes big local news. Apparently on the day of issue, a dealer trying to work around the one gold JFK per person at the mint's gift shop had a "casting call" for extras; the extras weren't hired to be in a movie, but to stand in line to get gold JFKs (which they were then paid $500 each to buy the coins and give them to the "director").

There's no doubt that in the early days this fad means you could theoretically cash in, but there's no minting limit (other than they have to stop on or before 12/31) and there's no set cut off date for sales (they can keep selling them as long as they have any to sell). I think it's silly to get worked up about a coin which has the potential to be one of the highest minted gold coins in modern history (they may mint up to 100k of these, or more!). This ain't going to be a rare coin by any stretch of the imagination. It's definitely going to be the most common gold coin minted this year and may be the most common gold coin minted since gold ceased to circulate. I'm not saying don't get one if you can afford it and the mood strikes you, but I can't see this being much of an investment (at least not a short term one).

Personally I just have no interest in it. It's just a JFK half, in gold; the design is barely any different than a regular JFK half. I'm actually more excited about the reverse proof silver JFK; that's at least a little different. There's just far more interesting coins you can get with $1200.

 

Aroused? Ha, not sure where you thought I was aroused. Perhaps you misunderstand what I consider arousal. It isn't anything made of metal, I assure you.

 

Invest? Who the devil invests? The HOF coins could drop under melt and I'd still be happy with 'em. Granted, I bought a few golds and sold what I needed to pay for what I kept, but it's not an investment. It's not too often that I can buy something from the mint and have it payed for by doing some flipping in the after market.

Oh, and the best marketing thingo in history? The guy who sold the 'Pet Rock'. How many folks here invested money in that one........