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<p>[QUOTE=&quot;Stephon, post: 1968377, member: 71337&quot;]The US Mint was stupid to have come up with the idea of a relatively expensive gold coin to commemorate the 50th anniversary of a coin in the first place. I have said in previous posts on another board that the US Mint should have made a silver coin set with the original 1964 relief and the mintmarks on the reverse as was in 1964. It is embarrassing to this hobby that you have dealers hiring people to stand in line for them and dealers hiring people to cause a scene. It is great that there is great interest in the US Mint&#039;s product launches and it helps bring attention to this hobby, it is important that any attention to this hobby is channeled correctly and helps this hobby thrive. I also think coin show releases are a good idea and help to create greater interest into this hobby, as long as it is done right. </p><p><br /></p><p>With that being said, I have NO plans to buy a Kennedy gold coin because I predict that once the buzz has subsided, the coins will only be worth bullion value for many years to come (I really feel bad for the person who paid $100,000 for that 1st gold coin sold at the ANA show). The mint shouldn&#039;t be making these types of commemorative gold coins because they cause a frenzy and cause people to spend a lot of money, only to lose a lot of money once the frenzy has subsided. </p><p><br /></p><p>The more I think of it, the more I think the only way to curb this nonsense with the multitude of gold coins being offered is to have the mint standardize and trim their gold coin offerings so there are only 2 main gold coin options from the US Mint. These would be the commemorative gold coins which Congress authorizes (which already have restrictions on it because of past abuse), and a 24k St. Gaudens Ultra High Relief gold coin which would be 34mm in diameter which would be made for both collectors and investors annually. This should be done because the mint shouldn&#039;t be putting out way too many gold products, as they are more expensive, and the mint shouldn&#039;t be out to bankrupt people with all of the diverse offerings in gold. The US Mint has been putting out way too many product ideas, especially when it comes to gold coins. </p><p><br /></p><p>The US Mint shouldn&#039;t be engaging in the monkey business that it does with their products with gold coins. At least if the US Mint does its monkey business with base metal or silver coins and prices the products reasonably, there is less money for people to lose out on. </p><p><br /></p><p>The more monkey business I see coming out of the US Mint, the more I think the US Mint needs to standardize and simplify its coin products, particularly the more expensive products. </p><p><br /></p><p>Stephon Leonard[/QUOTE]</p><p><br /></p>

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