I ran across a thread at CU, that had one dedicated to that topic and I read it all. Very interesting comments and assumptions. Quite a few had cancelled 5 of their orders once they knew the sales figures. This has move some peoples expected ship date UP, so it has to be more than a few doing it. I will not be cancelling my order for 1, as that is all I want. However, I wonder what percentage of the first day orders have been cancelled? Interesting nonetheless, what say you? http://forums.collectors.com/messageview.cfm?catid=26&threadid=923948
The Gold Kennedy promotion is just a bunch of crap. I will be able to buy 1 for melt value about a year down the road. Just about everything related to Kennedy is worthless unless you owned something the guy used such as a box of his Cuban Cigar hoard or perhaps his golf clubs. The reason why this coin is only going to be worth melt is because they are minting on demand. That means they will make a bit more than enough for everyone that wants one. The us mint is not all that interested in providing extremely rare highly collectible coins right now. I think they are more worried about selling off their bullion reserves to the public well above melt. This Kennedy has .75 oz of gold and the sale price is nearly 1 oz of gold.
Sad to say... You'll never be able to buy one at melt... Even if they made a million of them. I'll go out on a limb and guess that they will not be available any time in the next 5 years for less than the issue price. Much too popular of a design and subject matter. Sorry.
I think they could go below issue price if gold tanks. A big chunk of their current value and issue price is the gold content.
I'd have to go along with this. I think @LostDutchman may be right that they'll trade at a premium over spot for a long time to come -- but if the spot price drops by 50%, I don't think that premium would keep them above the issue price. I bought in with the expectation that they probably will trade under the issue price at some point in the next few years. I haven't decided whether to flip early, or whether to hold for the long term -- but holding for the long term would be an irrational plan by my own reasoning, since it would make more sense to buy once the price drops. As I said in another thread, I'll be watching with vested interest.
Still too early to tell what these will do. Opening sales are off to a bang, not a great indicator for the speculator. A few unknowns at this point are how long will the mint have these for sale, what will the final sales be, how many were bought by speculators, and what will gold do in the future. I wouldn’t bet the farm that these will be a low mintage, big winner. One thing is for sure, this gold Kennedy seems to have brought out all the scams, scoundrels and suckers.
The cancel box has been removed from my Day 1 order. If you intend to cancel, you had better do it soon!
So theres a verry limited amount of chicago special labels 5th-7th 500 a day =1500 ANA Labels Special Update: 2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin The United States Mint announced today that it has all the necessary raw materials to initially produce 75,000 John F. Kennedy Gold Proof Half-Dollars. The Mint will continue to procure additional raw materials in order to fulfill all demand for this product. “The Mint is very proud to have produced over 40,000 of these b...eautiful coins,” said Deputy Director Dick Peterson. “We will continue to produce 6000 of the coins per week for the next several weeks and continue to assess demand. We are committed to maximizing access to these products,” Peterson said. The United States Mint also announced it has suspended sales of the John F. Kennedy Gold Proof Half Dollar at its three retail locations—Philadelphia, Denver and Washington, D.C.—after Aug. 7. The Mint made this decision to ensure the safety of those wanting to purchase the coin and the safety of its own employees. The retail locations will remain open for the purchase of other United States Mint products. I read some where that prices may change based on future spot prices
Perhaps the key to the cancellations would be re ordering with the later ship date in mid Sept so you have plenty of time to decide if you should keep the later orders. If the 1st shipment does not make a profit why in the short term would you keep the last order there is still the possibility you might slide back into August orders with others changing their minds. I just wonder with the mint still selling them online $1240 why are people buying them on ebay over $1500.00 ? I have my orders reserved and credit card now run. I hope to see them very soon
Definitely not endorsing the idea but technically, these Kennedy's do meet the purity requirement to be held in an IRA or 401K. Not that it matters to any of you... Just saying
Be sure to report back when you've made your purchase. Of course, gold could spike up again and then you'd wish you'd bought one at the original selling price. Or gold could continue its plummet and you "might" end up paying less. Please, keep us informed.
