I noticed that this coin has a very low mintage (375,000). Here's one on ebay: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=260405523934 I realize it's and overpriced ms70. The ms69's are going for less than half. Think it would be a good buy?
I wouldn't buy the coin. If you look at the census for these coins you will see the about half grade at MS69 and the other half MS70. So you could buy 3 raw coins for cheaper than that PCGS MS70 coin and you would more than likely end up with 1 at the MS70 level.
This is a case where there is a combination of a relatively low mintage plus the magical 70 designation. But on a absolute basis, 375k is a lot of coins for what is basically a commemorative coin, and coins graded 70 are notoriously overpriced. There are better uses for that sort of cash.
I'm baffled by the 375,000 mintage number mentioned. I'd always heard that the mintage was in the 62,000 area.
I doubt the mintage is 375,000, it was sold with unc. Robert F Kennedy dollar set. Mintage for Robert F Kennedy was only about 106,000. Some of the unc Robert F Kennedy was sold with proofs, so mintage should be in the 62000's, no way it would be over 70,000.
PCGS is stricter than NGC in giving out MS70's, not as much MS70, alot more MS69s, but the asking price is almost the PCGS list price, I would rather buy raw instead. I bought maybe 4 or 5 sets at mint when it first came out, but am not selling.. prices have been gradually going down.
Hello: I think the Matte Proof Kennedy is awesome. If the US Mint was not a constant junk cranking machine this would be rare and sought after. With only 63K Matte Kennedy's made the reason it is not Rare!! is because too much is cranked out at the mint constantly vying for a collectors attention. Now with computers a coin design can be made in seconds. More junk to follow!!!
Reviving an old thread, here: So the only distinguishing feature of the matte proof is the rough-looking texture? No other details to look for?
Definitely the key to the Kennedy series - a must buy, but not at crazy certified high grade prices. With only 62,000 minted, it may reach those prices someday, even for a raw coin, when they've settle into collections and they're rarely seen on the market, but not yet. That matte finish is a big deal, look at other, older matte proofs if you want to see the potential.
The above mentioned half has not really appreciated much as of February 2017. Same as the 1994-P and 1997-P Matte Jefferson Nickles. Even these in PCGS holders can be purchased in 68, 69 state. Modern rarity type coin. Look at JFK 1970-D. Many of the 2.15 million taken from mint sets and put into albums, etc. Many have not been treated nicely and are not in that great of shape in say MS 64 and up. However, their prices have not zoomed through the roof but have been mercurial over the years. Ike Dollars like the 1973-40% proof (1 million or so) have "milked-toned" in their original containers or in coin albums. The 1973-P and D clad only sold in mint sets have a mintage of about 1.7 million. Their cost was about $ 5.50 from the mint in 1973. You can still get them in MS-63 or sometimes better in mint sets that are clean and not discolored for $ 15.00 or less. Being a short run series (1971-1978) and a large coin, some even 40% silver that is still very affordable one would figure that the Ikes would be more in demand. Best of health and happiness to all here!
