Gold Kennedy's

My opinion on the coins have drastically changed after reading this: http://www.numismaticnews.net/article/news/general/first-four-gold-kennedys-go-for-20000

Heh, I would do that in a heartbeat, improve my coin collection a lot, you know .

Aidan

 

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Already posted here:
https://www.cointalk.com/threads/total-insanity-at-ana.249836/
See post # 19

 

Shucks... but still.

 

I don't like to buy into this kind of foolishness. There's nothing different or special about the first 4 coins distributed at the ANA convention. It's just hype.

 

It's about the $20k that a dealer paid for the first four people to stand in line and buy gold Kennedy's for him.

 

But yeah, there really are no differences about the 1st four than the rest. (200th post)

 

Ok here is a strange one on ebay on the Gold JFK coins
I believe Ebay charges a commission on sales .
How can this person sell it at this price or why would he ?
http://www.ebay.com/itm/2014-Kenned...89?pt=Coins_US_Individual&hash=item27e8c3f689

 

Volume.

 

Hmm -- a bit out of character compared to the seller's other items. Wonder if someone's "borrowing" the account?

 

nuts

 

What?

The first 4 "sold"?

What the hell kind of a provenance is that?

Oh, that's right, I forgot, there's a lot of dumb folks out there just waiting to give away their hard earned money.

 

Mindless blather aimed at sucking in some poor fool through some puffed up marketing scheme.

 

I remember when all five 2010 ATB 5oz quarters first came out a full set in 69's were selling for 10K now look.

http://www.ebay.com/itm/2010-P-Amer...38?pt=Coins_US_Individual&hash=item4d21d28c76

 

Any bets on if the IRS will be reviewing these 4's tax returns in 2015?

 

Am I missing something? Doesn't eBay charge 10% and PayPal another few percent, so that this seller will actually have a loss on this sale?

 

1st Coin Sold -Chicago 530185.70/25264760 PCGS 70 DCAM

http://news.coinupdate.com/pcgs-certifies-first-six-gold-proof-kennedy-half-dollars-4412/

 

• Proceeds
• 1,352
• Cost
• 1,414.71
• Net profit
• -62.71
• Return
• -4.43
• Margin
• -4.64

To break even, you should have a selling price of $1,421.00

 

Start a basic eBay store for $19.99/month and reduce eBay fees from 10% to 6%.

Then qualify for top-seller discount and reduce by another 20%.


PayPal has tiered fees too.

 

I'm in-stock and reserved. I have two household and two orders.

 

Mint News Blog reports 56,694 sold the first day.
http://mintnewsblog.com/