Latest On Kennedy Gold Half Dollars

Interview with Thomas Michael on coin values: http://www.numismaticnews.net/article/qa-with-thomas-michael-on-world-coin-values

 

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Do you like gold? Well the last answer in that interview is pure gold. Read it again, slowly, carefully, and repeatedly.

 

Kurt, I have read it again slowly and carefully.

 

Words of wisdom.

 

Kurt, I never even thought about selling my collection until a couple of years ago when my health started to decline. At that time I started selling my older acquisitions and if I bought anything it was going to be something really valuable from the get-go. I've checked the buy-it-nows on Ebay and they are about 50/50 low ball prices for the gold Kennedy. I expect the coins to appreciate just like the coins I've sold in the past in about thirty years or so. Even if they don't, the dollar is becoming more and more like toilet paper money and gold will increase in price.

 

I am a lifelong collector.

 

Yes, I've read and heard all the stories about "toilet paper money" before. I ask anyone bothered about that to explain to me what has happened to silver and gold prices since the summer of 2011. All that "toilet paper money" and silver is a third of what it was in summer of 2011 and gold is off a good third. But yes, in the VERY long term, your Kennedy gold will likely appreciate. But between now and then, it'll be the VERY WORST PERFORMING gold coin you could possibly own. The one with Jackie Kennedy on it will do much better.

 

Kurt, back in 1972 gasoline was 35 cents a gallon. Now you're lucky if you can find gasoline at $2.00 a gallon. Food has gone through the roof and real estate is in a constant state of flux. Additionally, banks and gov't bonds, T-bills, etc. are paying a fraction of a per cent interest. Unless you're an insider trader, you get burned in the stock market. The cost of living in my pensions are not keeping up with the inflation rate and the IRS forces me to take out a minimal required withdrawal from my 403 B because I was lucky enough to reach 70 and a half. I don't trust the "full faith and credit" of the gov't and silver has no real value. So that leaves gold. I know that there have been down cycles in gold coins but it has never affected me.

 

I wish you continued luck, then.

 

Everyone keeps hitting on the fact that the gold Kennedy is probably a poor innvestment. How about the fact that as a coin collector I like the coin and want it in my collection? I thought that was the real basis for adding a coin to your collection, you like it. Go over to the ancient guys, they spend incredible amounts on coins that at 2,000 years old, have little or no precious metal value, yet they will pay five figures for it. Why? They like it and they are coin collectors not coin investors. I just bid $1,000 for a 1964 PR69 DCAM Kennedy Half Dollars in the Legend Rare Coin Auction. Is the silver in it worth that much? No, but if I win the coin I will be a happy collector.

 

I'm not getting burned in the stock market ?
And my Corporate Bonds are getting up to 9% APY

Of course, money in my bank savings accounts are paltry by comparison, the max only being 1.05%

US Savings Bonds E are at 0.3% and I series at 0.00% Yippee !!
But those are rolling rates. My I series are currently between 1.96 and 2.86%.

Money is Money
PMs are a storage of wealth To spend PMs you have to convert it to Money.
To buy PMs you need money.

of course, I started buying gold when it was in the $400 range.
But given time many things appreciate, assuming it doesn't go out of business (stocks, etc).

The positive thing is that PMs (whether Silver or Gold) you don't have to watch over assuming you bought into it at the right time. I'd hate to have bought into Gold in 2011-12 time frame. It'd be like buying anything else at it's peak price .. you're gonna lose.

The Kennedy gold is on my list to buy. But only below $1,000 USD and as close to spot as possible. I had a couple rejected Best Offer's in the past for it. But I'm holding my line as I'm not in a hurry and I don't "have to have" the kennedy for any reason other than another design in gold.

Now if I only had bought into Avocado's a few months ago ...

 

You're absolutely correct, @TheMont. But Onofrio, from the moment he appeared here, has been seeming to chase an "investment return" with his collecting activities, whether he actually was or not. It has been undeniably the "stuff" of his posts here. Congrats on finding the 69DCAM on the market. I hope you succeed.

 

It is, unless someone starts a thread or takes the discussion to value/future value. For this thread the initial post was about value. If it had just been "I bought this and like it" no one should give anyone an issue in that case

 

Thank you Kurt.

 

40% off Krause?

 

I have never lost money selling coins especially the gold ones I bought when gold was $35.00 an ounce. For example, I paid $15.00 for an Edwardian gold sovereign dated 1906 EF-AU in 1972 and sold it for $425.00 last year (2016). I had bought that sovereign and four like it from Paramount.

 

Lots of luck on getting a Kennedy gold for under $1,000.00

 

No Luck needed. Easy as Pie.

It's easy. If you are in a "hurry" then you'll pay more.

Or like the rest of us not in a hurry, it's been easy pickings, and I'm not the only one as there's been 10 more in the past couple weeks .. http://www.ebay.com/sch/i.html?_fro...rt=nc&_mPrRngCbx=1&_udlo=750.00&_udhi=1010.00

 

44 years for a 410 dollar profit? No thanks.

Collecting is different than investing. If you were investing then, well you missed the real money makers by a long shot

 

It beats losing 100% of a 401 K. Besides that I'm talking about $15 producing $425.00, which equals 28.33 the original price. Try that on real estate or stocks unless you're an inside trader or grease the palm of some crooked politician/bureaucrat down at the borough hall.