Recorded the show last night and watching it now, fast forwarding to the good parts. Gold Kennedy, first day Denver, "first coin issued", $75,000. First four coins from Denver $100,000. So the deal is one coin 75k, all four 100k. The first coin from the ANA show and the other 5 were sold to the same collector according to the guy on TV. So that guy laid out what? Maybe 200k for all 6? Now first day coins from all four sites. First coin from DC, 75k. The four coin set is two payments of 9975.00 for first day set. All NGC, by the way.
There will always be another black tulip just as there will always be someone willing to trade their farm for one
I’ve been know to buy a Kennedy half dollar or two, even paying sometimes stupid money for the right coin we were looking for. But this foolishness in pricing going on about the gold Kennedy half dollar is just beyond imagination. I mean, there are no what some refer to as “Condition Rarities” as most will grade out at either PR69DCAM or PR70DCAM. Plus the West Point Mint is on the record stating that each set of dies were / will be used to strike approximately 600 coins so there won’t be late die stages or anything like that. As far as which coin the sales representative grabbed from stock to hand to the first customer, adds no value to the coin. What ethical dealer or company would promote this?
HSN had gold Kennedys in special 69 ANACS Chicago Convention labels for a bargain 3499.95. Sold out. They kept saying the coin is 99% gold They also had the 2 clad Kennedy coin set in SP69 for 99.95. Host kept saying that these are not the regular Kennedy design you find in mint sets, but the original high relief coins, also known as the accented hair ones.
Not to sound like a conspiracy theorist, but there is only 1 reason a logical person would pay $100k for the coin, and that is to generate hype. It takes a lot of money to manipulate a market, but I have a hunch the $100k he sacrificed was paid back a few times over when the people he paid to stand in line sold their inventory.
Never thought of that, create the hype, then sell your stash. He would only have to sell 100 of them at a $1000 profit to break even. Plus later he could sell it, take a loss and deduct it on taxes, you know business write downs. hmmm
Nah, he/she still loses. If he/she breaks even on the purchase of the "1st" and sells all the other bought, then he/she still has a real loss after taxes - less of one, albeit still a loss.
Ok, this is the second funniest thing I've read all nite!! CT is providing some honest-to-God knee-slappers tonight!
I firmly believe anyone buying these at a single penny above mint-issue price, when the mint still has them for sale and is still minting them, is a complete idiot.
Coin World gets it wrong. They reported 112,134 gold Kennedy Halves were sold as of 8/10, however, this is the sales for the clad set – 62,341 gold were sold as of 8/10. http://www.coinworld.com/voices/paul-gilkes/2014/08/denver_mint_stamped.html
