i noticed that for the past few years, Kennedy halfs had low mintages (less than 2 million) ... well i should say low for Kennedy's! Do you all think these will ever sell for a premium? I remember how the price of the 1970-D shot up after release, and that only had a mintage of 2.1 million (i think)
I'ven always believed moderns will become a mass market again. This is essentially based onm the concept that the only thing that can save claassic coinage and the hobby as a mass market is an influx of large numbers of new collectors. We have such vast numbers but so far most are still at the beginners phase. I believe the only course to get to the goal is through coins like the Kennedy half. Most of the moderns are scarcer than the highly vaunted '50-D nickel. But more interestingly the moderns are made on a very wide range of quality and collectors now days care about quality. This makes the moderns very interesting. The '05 to date halfs in nice choice and gem condition are especially interesting since they don't appear in mint sets or circulation. Only time will tell but there is certainly enough history and rarity in moderns to get a great deal of attention.
All someone has to do is write an article on the low mintage and the hype will start flowing thru the veins of many. Dealers would jack the prices up and there will be a mad dash to hoard as many as possible. Its happened many times in the past...
Check out the prices on eBay or PCGS (with a grain of salt, as those are high retail prices) for high-grade certified coins of the kind that cladking mentions above. The Satin Finish coins are much more available than the so-called (for lack of a better word) "business strike" coins that the Mint nonetheless sells only to collectors in rolls, so they never see circulation. This ain't hype, folks, people are paying large money for these low-mintage issues. The 2008-P&D Kennedy halves at 1.7 million pieces made each are the lowest-mintage half dollars since the 1938-D half. Of course none of them circulated, but they are still tough in the highest grades. Check it out!
I don't believe so. Given that 2002-Present Kennedys haven't been made for circulation, and are only sold through the mint to collectors for a substantial premium over face, I feel that as much as 90% of the examples will survive in MS, leading to a substantial supply that will take quite a while to be absorbed by the market.
We are both right. I am talking about the highest-graded PCGS coins and you are talking about the majority of the issue, which is raw and which would grade max MS65/66 if certified at PCGS. For example, my 2005-D business strike is an MS67 PCGS coin, when I bought it it was pop 16/2 finer, now it is pop 24/5 finer. I paid $110 for it from another Registry Set collector/dealer, that is full PCGS retail but there are a lot of collectors pursuing the same coins. I usually try to pay about 30% off of those prices but for the more elusive issues like this one you have to pay the price.
It's the same issue as we have ben discussing in several threads - condition rarity. It's real, it exist, always has and always will. And it doesn't matter if the coin was minted in 2010, 1410 or anyplace in between. Nor does the mintage matter when it comes to condition rarity.
Right you are, and well put! Thanks. PS I encourage everybody who is a PCGS member to take a look at my Registry Set. I have put a lot of time and $$ into it and there are some spectacular coins if I do say so myself, even including a 1964 SMS MS67 PCGS. There are quite a few photos of some of the better coins, too. I think a lot of Kennedy issues are underrated, but of course I'm prejudiced. George :hail:
can you post that one here (for those of us that arent pcgs memebers) ... just curious what that looks like!
I don't have a photo handy anymore ... it came from a Heritage auction (through other parties to me) and is the one depicted on the PCGS CoinFacts website (which you also can't see unless you're a member). Here is the Heritage link: ha.com/1114*2704 PS It looks nicer than the Heritage photo!
Not mine. Some of whats received is just junk with barely 50 cents value so it goes to the bank and then off to the blackjack tables where these coins are still used on the dollar tables. I don't think I'm alone in doing this either as many times folks report finding 2002-2010 half's in their bank roll searches. However, the coins themselves do little to inspire a collector as the relief has been reduced through design modifications so much over the years that the coins are borderline ugly. I say this because I DO collect Kennedy's but what's been produced lately is really mushed out.
I've found plenty in my roll searches, true. But that's only a fraction that's getting put into "circulation" if you would.
Kennedy half dollar mintage figures for the last 10 years. 2000 P - 22,600,000 2000 D - 19,466,000 2001 P - 21,200,000 2001 D - 19,504,000 2002 P - 3,100,000 2002 D - 2,500,000 2003 P - 2,500,000 2003 D - 2,500,000 2004 P - 2,900,000 2004 D - 2,900,000 2005 P - 3,800,000 2005 D - 3,500,000 2006 P - 2,400,000 2006 D - 2,000,000 2007 P - 2,400,000 2007 D - 2,400,000 2008 P - 1,700,000 2008 D - 1,700,000 2009 P - 1,900,000 2009 D - 1,900,000 In some years the halves have not been released for normal circulation, but only in special mint rolls and mint sets such as 2002 - 2004, 2006 - 2009 This is due to the mint & Federal Reserve Banks having a large stockpile inventory of previous years. As this stockpile dwindles down, new halves are again released for regular circulation. Until normal circulation of these languishing halves are released for circulation, I do not see them gaining value in the near future. Perhaps if the Mint recalls and destroys the stock pile of Kennedy’s, then you will see the existing coins go through the roof. Happy Collecting
I'm thinking that it will take some time for modern Kennedy's (P&D) to rise in value. You can buy them on ebay for nearly face value if you want to pay the shipping.