69 kennedy half 90%??!!

If you think you really have something, go to a few different professionals and see what each have to say. Pawn shop employees/owners tend not to be numismatic scholars. He may have gave you that story but I don't believe any of it. It sounds to me like he was playing with you.

Somebody may have drilled it because they were curious about it like you. There has to be somebody that could do a test on it and give you an answer. There's no reason for a half to be 90%, several years after they quit making them. If there's no known examples out there, it's really going out on a limb to claim you have found the first one. It's possible but not likely.

 

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i have a redbook i believe any idiot who wanted to collect coins as a hobby would make that one of the first buys. so please dont insult me. i am new and a little dumb to this hobby but i come to this site to learn and in hopes that experts here would enjoy teaching, but i seem to be wrong a lot of people seem to enjoy more on insulting me on how little i know about the hobby. you dont need to, I WILL BE THE FIRST TO TELL YOU I DONT KNOW CRAP ABOUT THIS HOBBY!

if i was an expert like most of you seem to be i would feel proud to help a new young collector.

the redbook says all kennedy's from 65 through 70 are 80% dont you think that was the first page i went to JPStunna? i am not that stupid so please dont try to make me seem as if i am.

but if this coin is really 80% like it should be and has no error (i have seen no error at all), why would a pawn shop owner who doesnt collect errors want it badly enough to offer me $450 for it. esspecially with a hole in it. This coin must be special very special 90% Maybe? I HOPE.. most likely not im not that lucky.

Fact: there is something about this coin that makes it very very valuable considering the jeweler and the pawnshop owner.

 

What are the odds that the dealer himself doesn't know what he's doing? Can't say it's 0%. I suggest that if you have the money to spare, sent it for authencity otherwise you are the one who's going to look like a fool here since almost everyone here is not convinced.

The photo doesn't suggest that it is not silver plated either which is not too hard to do if you have the right acid silver bath to do so.

 

Logic is flawed. If you read all of it it'll say

The OUTER layer is 80% silver, but the silver % by weight shows it is 40% silver. That's why everybody says 40% silver. Most of us aren't experts, that's a given, I am still learning. I think you made a mistake but it is a learning experience.

If I were you, I'd go back to that pawnshop and sell it for $450 and run off as quick as possible.

 

The fake part is the drama between Les, Seth, and Ash.

The attitude of the customers, 100% real.

I've done business with them in the past, as a seller more than a buyer, and have traded even up a few things.

 

My intent was not to make you seem like an idiot, my dry sense of humor was obviously too much for you to handle, my apologies. I simply deduced that you did not own said book because of the inconsistencies in the facts you have stated in this thread. At any rate, I hope you find the answers you are searching for about your coin.

^^^This is good advice.

 

Name one pawn shop that does not operate like this?

FYI, this is how they make their money.

And you didn't sell it to him for $100?

I'd say, a disconnection in your brain. You should have taken the $450 and ran out of that shop as fast you were able.

I would have!

 

No doubt, a guy that's willing to offer $450 basically not for the coin but for a memory reminder where anyone sane would give you 50 cents for the Kennedy. I would have made that guy's day by selling that in a heartbeat.

You don't have anything special with that coin. The only reason someone offered you $450 was driven by emotions. That coin with a hole in it is worth 50 cents. If no one was offering money for it, I'd already spent it on a Snickers bar.

 

If you can get 40% clad Kennedys for $.50, you should be buying out the entire stock.

They're melt is $5

 

That's how much I'd offer for a holed 40% Kennedy. For the most part, I wouldn't even bother actually, I'd save my 50 cents. Those that are not damaged are a different story.

 

I guess the way I see it would be like, sure a Ferrari might be worth 200k but I wouldn't spend 200k on one with a freaking hole in it. Same goes for coins, to me, holes just destroy the value and desire despite the melt value within them.

 

But a Ferrari is not made of silver, and not worth silver melt either.

Apples to oranges.

Just because a coin containing silver has a hole in it, for use in jewelry or whatever, doesn't make its value less than the silver in it.

Yes this 40%, 0.1479 ounces of purse silver, has a hole in it. It still has the silver value, or $5.

The offer the OP would get, would be maybe $3.50 or $4, but still worth more than $.50

 

Reading comprehension appears to be your weakness since it clearly states 40% Silver composition in the Redbook. These coins are never referred to by the content of the cladding weights and are always referred to by their TOTAL weights. Of course you could zoom in on the 80% Silver Cladding but in the Coin World you'd be the minority.

As for the Pawn Shop story, I'll take it as that. A Story.

The burdon of proof rests in your hands and until it can be proven otherwise, by an expert, all you possess is a holed 1969-D Kennedy Half worth no more than melt value.

Email Fred Weinberg at fred@fredweinberg.com . Provide the photo you've taken. He'll more than likely give you an opinion which I doubt that you'll accept.
Next, email Mike Diamond of CONECA at mdia1@aol.com and again attach your photo(s). Be sure to include your stories.

Both parties may or may not want to examine your coin in hand. If they request this then by all means send it to them. Use a small Priority Mail Flat Rate Box and insure it for whatever you want. Both parties are highly qualified to make a determination on your piece.

Please be sure to post the results as folks are always eager to learn something new.

Other than the above, I could not advise you in any other way regarding your coin. Its a "you said/they said" situation that has no resolution other than to challenge your numismatic knowledge of which you freely state is very limited.

 

This thread has gone on for way too long lol. The half dollar is 40% silver, you should have sold it for $450 if you got the chance.

 

My gut reaction is to agree with selling it for $450.

However, regardless of who the intended buyer may have been, selling this coin for $450 would be an ethical no-no.

 

Sure it does, just I wouldn't buy it for $5 when I can get one without a hole in it for $5.

I wouldn't even offer 50 cents. Everyone is entitled to their own opinion and what they will and won't buy. That's the point I stand by, it's damaged despite it's actual melt value. Why would I buy it when I can get one without a hole for the same price if buying at melt? That's why if I were to buy it, I'd buy it at it's face value. :thumb:

 

Yes, a very active imagination.ld-guy-smile:

 

Why?
I see no ethical quandary in accepting an offer from a buyer who should be somewhat knowledgeable.
I consider myself ethical and if that mythical pawn broker offered me $450 for that coin, I would have jumped on it in a heartbeat.

 

Be that as it may, the last time I offered coins with holes that size (or even smaller) to people buying 90% at coin shows, they offered me exactly half the going rate for non-holed coins. Apparently the people to whom they sell through won't buy based strictly on weight. I could get more money for a slick dime that's lost 20% of its weight than for a holed dime that's lost 2% of its weight.

I'm saving up my holed coins to list them by weight as a batch on eBay. Normally, I can do better selling to dealers at a local show, but not for holed coins. (The same appears to be true for war nickels.)