Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Pf 69 kennedys wrong?
>
Reply to Thread
Message:
<p>[QUOTE="cladking, post: 100436, member: 68"]You don't want to pay a lot for these and they are common but keep in mind that</p><p>there are different meanings of the word "common" as it applies to coins. Generally</p><p>only about 1% to 4% of the mintage will make this grade though it can be higher in</p><p>the later dates. While 1% might sound rare you need to remember that mintages </p><p>tend to be in the three million vicinity and survival rates for proofs tend to be pretty</p><p>good. This means around 30,000 available at this grade level. </p><p><br /></p><p>A little imagination can envision a couple million collectors of Kennedys at some </p><p>point in the future but not all these collectors will desire proofs and many will not </p><p>be willing to pay steep premiums for higher quality. Proof quality is already extrem-</p><p>ely high and the different levels can be difficult to spot for those who haven't stud-</p><p>ied these coins. </p><p><br /></p><p>It really does boil down to what you expect to see in the future and what you have</p><p>to pay now. You can acquire these fairly easily at low cost by buying proof sets</p><p>or you can pay twenty or thirty dollars each already slabbed. While some dates </p><p>might be bargains at current levels and these could all look like bargains in the future,</p><p>the fact remains that if you're paying a lot for them it might be a long time before </p><p>you can make any profit. </p><p><br /></p><p>Don't be discouraged but anyone buying any coins for appreciation is taking on </p><p>risk. With these specific coins (and most moderns) it's a good idea to learn some-</p><p>thing about the markets and look at a lot of coins before commiting any money.</p><p><br /></p><p>These do make a fun collection and the quality is outstanding.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 100436, member: 68"]You don't want to pay a lot for these and they are common but keep in mind that there are different meanings of the word "common" as it applies to coins. Generally only about 1% to 4% of the mintage will make this grade though it can be higher in the later dates. While 1% might sound rare you need to remember that mintages tend to be in the three million vicinity and survival rates for proofs tend to be pretty good. This means around 30,000 available at this grade level. A little imagination can envision a couple million collectors of Kennedys at some point in the future but not all these collectors will desire proofs and many will not be willing to pay steep premiums for higher quality. Proof quality is already extrem- ely high and the different levels can be difficult to spot for those who haven't stud- ied these coins. It really does boil down to what you expect to see in the future and what you have to pay now. You can acquire these fairly easily at low cost by buying proof sets or you can pay twenty or thirty dollars each already slabbed. While some dates might be bargains at current levels and these could all look like bargains in the future, the fact remains that if you're paying a lot for them it might be a long time before you can make any profit. Don't be discouraged but anyone buying any coins for appreciation is taking on risk. With these specific coins (and most moderns) it's a good idea to learn some- thing about the markets and look at a lot of coins before commiting any money. These do make a fun collection and the quality is outstanding.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Pf 69 kennedys wrong?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...