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<p>[QUOTE="leoq, post: 1966209, member: 20092"]Perhaps, but for sure not a good practice. Starting by giving "special treatment" </p><p>to those lucky enough living where the sales were taking effect and so did the the grading companies. No integrity! </p><p><br /></p><p>Imagine, the first coin that was graded 70 was re-sold, in a matter of minutes or hours, for a whopper sum of $20,000.00; Numero #1. </p><p><br /></p><p>IMHO that was a calculated "move" that had been was planned ahead of time by the MINT and probably the Grading Companies. The $20,000.00 coin was re-sold way before the regular JOE could get the correct status on the order he had just placed on the USMINT www page. The price of $20,000.00 was to make the rest of the collectors, speculators, and investors "go" for the coin. To create a big appeal for the coin, but the reality is that the MINT keeps selling the coins in an unlimited quanty creating for the coin a very poor "offer and demand" situation. Meanwhile the grading companies keep gaining with every coin sent to them for grading. Win Win situation. After all that $20,000.00 did not came out of either one of them pockets! And see if whoever bought it at that astronomical price if he can sell it today for a mere $15,000.00 Perhaps in 50 years the coin will be worth above the "melt" value. But not today.</p><p><br /></p><p>I am talking of this particular coin/incident. As far as I know this is the first time ever that something like this happens. First selling 2 coins, then only 1... selling until every coin demand is satisfied... Not selling any more coins person/person for security reasons??? </p><p><b><br /></b></p><p><b>"No mas" for me!</b> Returning all 5 coins and cancelling the 5 ($9.95)sets as well. DISAPPOINTED 150% !!! Nothing personal, just business.</p><p><br /></p><p>Good luck all you guys and hope that all your Kennedy gold coins come out to be graded PF-70 because if they come out to be below PF70 they will definitively have no value whatsoever for collecting purpose, speculating/selling purpose, investment purpose, or whatever purpose might be.[/QUOTE]</p><p><br /></p>
[QUOTE="leoq, post: 1966209, member: 20092"]Perhaps, but for sure not a good practice. Starting by giving "special treatment" to those lucky enough living where the sales were taking effect and so did the the grading companies. No integrity! Imagine, the first coin that was graded 70 was re-sold, in a matter of minutes or hours, for a whopper sum of $20,000.00; Numero #1. IMHO that was a calculated "move" that had been was planned ahead of time by the MINT and probably the Grading Companies. The $20,000.00 coin was re-sold way before the regular JOE could get the correct status on the order he had just placed on the USMINT www page. The price of $20,000.00 was to make the rest of the collectors, speculators, and investors "go" for the coin. To create a big appeal for the coin, but the reality is that the MINT keeps selling the coins in an unlimited quanty creating for the coin a very poor "offer and demand" situation. Meanwhile the grading companies keep gaining with every coin sent to them for grading. Win Win situation. After all that $20,000.00 did not came out of either one of them pockets! And see if whoever bought it at that astronomical price if he can sell it today for a mere $15,000.00 Perhaps in 50 years the coin will be worth above the "melt" value. But not today. I am talking of this particular coin/incident. As far as I know this is the first time ever that something like this happens. First selling 2 coins, then only 1... selling until every coin demand is satisfied... Not selling any more coins person/person for security reasons??? [B] "No mas" for me![/B] Returning all 5 coins and cancelling the 5 ($9.95)sets as well. DISAPPOINTED 150% !!! Nothing personal, just business. Good luck all you guys and hope that all your Kennedy gold coins come out to be graded PF-70 because if they come out to be below PF70 they will definitively have no value whatsoever for collecting purpose, speculating/selling purpose, investment purpose, or whatever purpose might be.[/QUOTE]
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