Modern Kennedy Halves - worth the money?

Well, you have an extremely low chance of buying a modern for $3 and selling it for $1000, but if you're willing to cherrypick you can buy classics for $3 and sell them for $30 at a much higher rate. It all evens out in the end.

Great find though.

 

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...sounds like a good way to accumulate a sizeable detailed coins collection.

 

I get an P&D roll every year. Missed out on the offering a few years ago when the 50th anniversary coins went on sale. When I went to order, they were sold out. Since then, I've 'subscribed'. Haven't a clue why I do it, except to say that this is what I like to collect. I'll never make a dime on this, but that ain't what I'm lookin' to do.

 

I also had a great time cherrypicking NGC MS68 Sac dollars that cost $1.50 from a Mint bag and selling them for $150 each. Then there were the NGC MS68 SQ's from Mint bags that I sold for $150 each. You'd be surprised what Registry collectors are willing to pay for these moderns. All you have to do is search through the Registry Sets to see who needs what.

Chris

 

I guess at the worst, if you find nothing, you can still sell the coins you have in the bag for a premium over face value.

 

Good things come to those that understand the hobby. Knowing what others are looking for is a great advantage. That's what it takes to deal with moderns.

@cpm9ball You did well because you can grade coins along with some of the best. That's what it takes to search bags and make it work. Too many don't take the time to learn or have fun with it.

 

He's saying that he won't be the idiot that pays $1K for a modern coin that can be bought for a couple bucks raw. Also, your example is a bit unfair in that it is not a normal top-pop issue, but a top-pop variety.

And also, a couple years ago I bought a 1797 large cent for $5 that sold at auction for $800. So, despite your fortuitous venture with modens, it does happen with classics.

 

Are there any other Kennedy's that aren't considered modern?

 

Edgar Kennedy ain't........

For those of you that do not know, Google is your friend.

 

My thoughts exactly.

Well, technically, the ink number printed on the worthless sheet of paper is also an opinion. That worthless piece of paper just happens to create the illusion that a coin is worth $$$$ because someone says it is.

 

Not if you know what you're doing. Check out the under $50 thread for good example material.

 

What does this thread have to do with classic coins? Nothing is the correct answer. The OP ask nothing about classics.

 

Criticizing what others collect, and we wonder why modern collectors rarely if ever post.

I really wish we could let this myth die already.

This is true and despite what some posters make people think the TPGs really don't market top pop moderns. They provide the grade which stabilizes it in the market, but they really aren't running around telling people to buy them.

 

It was a 1797 S-121a, right? I saw the coin. Wasn't in great shape but still a high R6+ variety.

 

I'm not saying it doesn't happen with classic coins, but there are far more moderns available and if you play your cards right, there is a bunch of money to be made from it.

Yes, the 2005-S KS SQ Silver Proof was a top pop variety but that was because I had the coin slabbed as a Mint error for 7 years until it was added to the CPG as a variety, FS-901, in 2012. What some collectors don't realize is that Mint errors don't show up in the grading service Census, but varieties do. It was then that I received a call from a collector's agent in California, and he offered me the $1K for it. I wasn't soliciting offers for it at all, but what the heck, I made a good profit so why get greedy.

Chris

 

I respect what everyone collects, I'm just giving my opinion. I have absolutely no problem paying a couple of bucks for a high grade modern coin, in fact I actually do that occasionally. It's just in my opinion that paying 1k for a high grade modern coin that some company says is exceptional is a fool's deed. Registry guys will be registry guys.

@cpm9ball isn't even the guy who pays 1k for a top pop modern, he's the guy who buys mint bags, cherrypicks them for high grades, and then sells them to registry guys. Am I correct here?

I'm sorry if I sounded rude. I don't want anyone to be offended by anything I say. I like most areas of collecting, even moderns to a slight extent.

There are a few areas of collecting that I just am not really into, like top pop moderns (reasons I have mentioned) and popular key dates (common coins going for overly inflated prices because of collector demand).

 

I don't think you're being rude. You're entitled to your opinion. Would I pay $1K for a top pop? Absolutely not! I can't afford it.

But, I'll be honest with you. The one thing I dislike about some of the owners of the top registry sets is that they think nothing of spending outrageous money for the highest-graded coins just to win the year-end awards, but they refuse to post pictures of their sets. In my opinion, it's unfair not to allow the less fortunate collectors the opportunity to view these lovely coins.

Chris

 

LOL, but if it was mine and sold for that 1K or 2K than I can buy me some gold.

 

Absolutely, finding nice Ikes is brutal too. I've never tried the Sacs before, I am having a hard time figuring out if the market is really there to make it worth it now even with 68s. Doesn't seem to be much history on eBay for a lot of the dates.

I'd been considering doing the same with some bags, I find it fairly entertaining just wish the mint had some bigger bag options

 

If that's what makes them happy that's what makes them happy. A lot probably are registry guys though some may not be. I do agree with you that a lot of the very popular "key dates" really aren't keys at all given their survival rates