50th anniversary Kennedy Proof set!

Discussion in 'Coin Chat' started by MrJohnSmith, Sep 17, 2014.

  1. green18

    green18 Unknown member Sweet on Commemorative Coins

    Or perhaps, maybe not........
     
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  3. Kirkuleez

    Kirkuleez 80 proof

    The problem is that there is NO mintage limit. They could produce mountains of this set and sell them for years. I don't think that it would happen that way, but there is nothing to preclude the mint from minting the coins this year and selling them until they sell out next year.
     
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  4. green18

    green18 Unknown member Sweet on Commemorative Coins

    Still, I'm puckered up on this one.......
     
  5. jwitten

    jwitten Well-Known Member

    You are giving us so many good nuggets in here.. more than quadrupled? I didn't see any 2011 sets go for over $1,200.
     
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  6. jwitten

    jwitten Well-Known Member

    Another nugget. You do know doubled is multiplied by 2, right?
     
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  7. jwitten

    jwitten Well-Known Member

    But it is unlimited mintage...
     
  8. MrJohnSmith

    MrJohnSmith Member

    You are correct I only slightly made more than triple on that $950.00.

    Still $300.00 turning into $950.00 for doing nothing but picking up the tele isn't that bad.. :)
     
  9. MrJohnSmith

    MrJohnSmith Member

    Yes my implication was that minimally your investment will double, but the multiples in reality will probably be greater than 2. :)
     
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  10. MrJohnSmith

    MrJohnSmith Member

    semantics aside, my point is, I think we have a real money maker on this one coming up at the end of October. The first in about 4 years. as Numismatist's we should spread the word in my opinion of a possible "Great Buy" coming up from the U.S. Mint. I also remember there being a large debate on whether the 2011 ASE set would be a money maker, there were a great many nay sayer's on here back than too.
     
  11. 19Lyds

    19Lyds Member of the United States of Confusion

    Maybe for a short while. I'm sure that the TPG's will have "some" type of label to offer in conjunction with the First Strike™ label.

    A lot depends upon how the coins look since, as you know, they WILL be 90% Silver. I'm certain that some type of marketing campaign will be waged within the year touting the coins as special (which they will be).

    Remember, just because they will be available doesn't mean they everybody will be ordering them. Some people don't even bother with "Coin Forums" or online chats and I expect that, given the success of Coin Vault and HSN at selling their over priced wares, that there is a HUGE market out there of "willing buyers".
     
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  12. josh's coins

    josh's coins Well-Known Member

    No Not a chance. Have you seen what happened with the Gold kennedy? first they were 3000+ at the show then immediately down to the $1100 price range. less than release price. You aren't going to quadruple your money on kennedy coins I just don't see it happening. Unless you discovered some sort of mint error that everyone wants.
     
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  13. MrJohnSmith

    MrJohnSmith Member

    Also of note, the San Francisco uncirculated will be done in some "special" never before process.
     
  14. MrJohnSmith

    MrJohnSmith Member

    But this is comparing apples and oranges, gold is way over priced. The reverse proof and special uncirculated will definitely fetch a hundred a piece individually..
     
  15. MrJohnSmith

    MrJohnSmith Member

    Also from now till the end of time Kennedy collectors will pursue these as a must have to complete their Kennedy sets, the gold isn't exactly the same nor part of the set.
     
  16. josh's coins

    josh's coins Well-Known Member

    Gold is cheap right now it should be a lot more that what it is right now. The reverse proof will be worth a small premium definitely no $100
    Kennedy coins are scrap metal coins IMHO
     
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  17. josh's coins

    josh's coins Well-Known Member

    Have you been hired by the Mint to try to sell me this kennedy set? that's what it feels like.
     
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  18. MrJohnSmith

    MrJohnSmith Member

    Gold has been way overpriced since leaving the 600-800 dollar range, just as silver has been since going northward of $7
     
  19. MrJohnSmith

    MrJohnSmith Member

    PMs are undeniably on a high kick, nobody could deny that...
     
  20. MrJohnSmith

    MrJohnSmith Member

    I bet ya, your buying a set or two aren't ya?
     
  21. jwitten

    jwitten Well-Known Member

    To say $3,000 down to $1,100 is misleading. The show coins still hold somewhat of a premium over the raw coins that are selling for $1,100. The show coins ARE way down though, and I am tickled I sold mine there for $3,050.
     
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