2014 Gold Kennedy half now 1,202,50 from the mint

Discussion in 'US Coins Forum' started by New collector, Sep 18, 2014.

  1. New collector

    New collector Member

    Are there any stats where a mint issued coin drops in price after thousands are sold? Imagine there are some unhappy buyers out there that waited for hours trying to get the coin on day 1 of issue, and up to the price drop.

    Correction for title, should have read $1,202.50
    Last edited: Sep 18, 2014
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  3. rickmp

    rickmp Frequently flatulent.

    I don't believe there are stats. The mint adjusts gold prices on Wednesdays based on the London Fix.

    If the price had gone up, those same folks would be quite happy. You win some, you lose some.
  4. Tom B

    Tom B TomB Everywhere Else

    The US Mint publishes a schedule that tells folks what the price of precious metal pieces will be based upon the previous weekly average bullion prices. Many folks attempt to buy the dip on these issues to get a favorable price.
  5. d.t.menace

    d.t.menace Member

    You can buy them for less than that on ebay.
  6. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    What IS this stuff on my screen? Oh. Never mind, it's just fiendish glee left there by dtm.
  7. Treashunt

    Treashunt The Other Frank

    I didn't buy before the drop, ain't buying now
  8. d.t.menace

    d.t.menace Member

    No, not glee. I don't get any pleasure in seeing people lose money.
    Perhaps a little smugness in that I posted, well before these went on sale, that they would be overbought with the result being what we're seeing now.
    Mostly my post was to advise future readers that they should consider ebay if they had an interest in buying one.
  9. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    I know, I know, I'm just "funnin' witcha". I agree with your analysis on this. I spent my whole ANA muttering to myself in astonishment at what was happening before my eyes. It sure did put a whole different spin on the old line "the time value of money". Reinforces the concept that buying right, and buying right now, are sometimes polar opposites. But then I feel that way about almost all gold right now.
  10. anchor1112

    anchor1112 Senior Member

    dealers buying price for 2014 kennedy gold coin is $1,050.00 each
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