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Gold Kennedys not so hot on Ebay
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<p>[QUOTE="krispy, post: 1962888, member: 19065"]40k... 50k... or more. None of these are small mintages to worry there isn't enough supply out there. I think a lot of people are worried about their profit potential and coming up with all sorts of anxiety ridden reasons to doubt their actions, when, unfortunately, collecting the coins has instead taken the back seat in terms of priority. </p><p><br /></p><p>Many people criticize "the Mint" but a lot of blame should be going to out whomever is tasked with marketing and putting forth vague language that creates this drama and uncertainty. Norms for coin releases have always been upheld by predetermined mintage limits or more clearly stated, no mintage limits. There is no clarity with two camps of thought, despite what is shown on the Mint's program page, and paired with vague statements posted on the Mint's use of social media sites saying, “To ensure fair and equitable distribution of the 2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin, the product will be sold based on consumer demand.” while other blogs and publications have earnestly tried and been allowed by the Mint to go with the suggested 50k figure when informing the collecting (consuming) public.</p><p><br /></p><p>If anyone is unhappy with the results, there's another way to assert 'demand' and that's to cancel your order if you can do so, return the product in the 7-day alloted time frame, and lastly to express consumer disatisfaction by <i>demanding</i> the Mint take back the product if they continue minting well beyond the 7-day return window on your order closes. </p><p><br /></p><p>It seems entirely possible, given the rhetoric from the Mint and past performance, that they could easily produce more than the suggested 50k at this time, and later issue those additional coins in some sort of different packaging to the consternation of those trying to determine value based on mintage at this time. By producing 40,000 now they may easily meet the demand as recently seen swarmed the 2014 BB HoF gold coins and allow the bullion market value of gold to rise so that coins produced later can sell for more, if PoG increases. No matter the scenario, the Mint and the third parties hocking these coins always profit first from any of these releases, and control marketing announcements to ensure they always maintain that potential.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1962888, member: 19065"]40k... 50k... or more. None of these are small mintages to worry there isn't enough supply out there. I think a lot of people are worried about their profit potential and coming up with all sorts of anxiety ridden reasons to doubt their actions, when, unfortunately, collecting the coins has instead taken the back seat in terms of priority. Many people criticize "the Mint" but a lot of blame should be going to out whomever is tasked with marketing and putting forth vague language that creates this drama and uncertainty. Norms for coin releases have always been upheld by predetermined mintage limits or more clearly stated, no mintage limits. There is no clarity with two camps of thought, despite what is shown on the Mint's program page, and paired with vague statements posted on the Mint's use of social media sites saying, “To ensure fair and equitable distribution of the 2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin, the product will be sold based on consumer demand.” while other blogs and publications have earnestly tried and been allowed by the Mint to go with the suggested 50k figure when informing the collecting (consuming) public. If anyone is unhappy with the results, there's another way to assert 'demand' and that's to cancel your order if you can do so, return the product in the 7-day alloted time frame, and lastly to express consumer disatisfaction by [I]demanding[/I] the Mint take back the product if they continue minting well beyond the 7-day return window on your order closes. It seems entirely possible, given the rhetoric from the Mint and past performance, that they could easily produce more than the suggested 50k at this time, and later issue those additional coins in some sort of different packaging to the consternation of those trying to determine value based on mintage at this time. By producing 40,000 now they may easily meet the demand as recently seen swarmed the 2014 BB HoF gold coins and allow the bullion market value of gold to rise so that coins produced later can sell for more, if PoG increases. No matter the scenario, the Mint and the third parties hocking these coins always profit first from any of these releases, and control marketing announcements to ensure they always maintain that potential.[/QUOTE]
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