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<p>[QUOTE="19Lyds, post: 2154377, member: 15929"]IIRC, Coin World ran an article about a young man who stood in line for quite a while for the Gold Baseball Coin. The basisi for the story was that the US Mint Representative at the Baltimore show, certified that it was in fact the 1st one sold and the young man had no intention of selling the coin.</p><p><br /></p><p>Soooooooooo, the US Mint bears some of the responsibility for the coin hysteria revolving around both the HOF Coins AND The Gold Kennedy Coin as both were certified by the US Mint representative at the respective shows as being the "First Sold".</p><p><br /></p><p>Not that it means much but certain coin dealers were quick to draw up plans for obtaining that First Kennedy Sold, and then using the opportunity for self advertising.</p><p><br /></p><p>Of course, this promotional build up quickly cost a lot of folks a lot of money as values for the Gold Kennedy literally plummeted. A full week had not passed before the coins were selling on eBay for "less than issue price" partly because gold had dropped in value and mainly because the antics of the Coin Dealing Community left a very bad taste in the mouths of honest collectors who simply were not buying.</p><p><br /></p><p>Like so many other US Mint products, this one was doomed from the starting gate regardless of how much the coin dealing community promoted it.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2154377, member: 15929"]IIRC, Coin World ran an article about a young man who stood in line for quite a while for the Gold Baseball Coin. The basisi for the story was that the US Mint Representative at the Baltimore show, certified that it was in fact the 1st one sold and the young man had no intention of selling the coin. Soooooooooo, the US Mint bears some of the responsibility for the coin hysteria revolving around both the HOF Coins AND The Gold Kennedy Coin as both were certified by the US Mint representative at the respective shows as being the "First Sold". Not that it means much but certain coin dealers were quick to draw up plans for obtaining that First Kennedy Sold, and then using the opportunity for self advertising. Of course, this promotional build up quickly cost a lot of folks a lot of money as values for the Gold Kennedy literally plummeted. A full week had not passed before the coins were selling on eBay for "less than issue price" partly because gold had dropped in value and mainly because the antics of the Coin Dealing Community left a very bad taste in the mouths of honest collectors who simply were not buying. Like so many other US Mint products, this one was doomed from the starting gate regardless of how much the coin dealing community promoted it.[/QUOTE]
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