"Gold Kennedy Fiasco"

That's not the gold sets ?

 

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You think someone is gonna sell 3/4 an ounce of gold for $99.95?

 

Maybe next year.

 

Not the gold, the silver. But even still I was amazed at the availability for that. The gold hung around for awhile too, but I was afraid to get one - I didn't want to get someone's reject.

 

The Mint really screwed up on that. Have they ever said what went wrong or has anyone written on what went wrong ?

I'm wondering if it was all a belief that previous coins had gone for premiums out of the gate and the JFK had a bigger profit potential before the coins were released but once it faded the coins turned into a black hole.

 

Experienced numismatists knew before the coin was released that the mintage was too high for a gold coin to carry much, if any, numismatic premium.

 

But the mintage on the 2009 UHR was much bigger....so I guess regular gold buyers, Saint-Gaudens fans, and those wanting an UHR coin more than compensated in that case....whereas the 50th Anniversary and an iconic president weren't enough to lift the JFK coin (plus the frational gold amount was not normal).

Is that it ?

 

St Gaudens = Beautiful coin, a work of art especially in UHR.
Kennedy = Pedestrian example of boring subject matter combined with lackluster coin design skills

Coin collectors love BEAUTY. Same can be said of ancient coins. A beautiful one, no matter how common, usually outsells much rarer coins.

 

Exactly, plus most Kennedy collectors didn't feel the need for the Gold for a complete set if they could even afford it to begin with.

The more I think about it the more I come to the conclusion it was a poor choice to try the gold experiment with