Tune in to RCTV and get a NGC certified MS 63 1964 Kennedy half dollar First Day of Issue for only $395. Get 'em before there're gone!
He sounds like a real huckster, no shame. I really feel this kind of marketing and pricing is an embarrassment to the hobby. This makes HSN and the likes look like little children.
Price will have to play out a bit but yea that is actually something. https://coinweek.com/modern-coins/n...ennedy-half-dollars-for-rare-collectibles-tv/
HSN is pretty bad - I picked up an HSN marketed complete 14 coin 2007-S US Mint Silver Proof Set - ICG PR70 DCAM (Complete 14 Coin Proof Set First Day of Issue ICG Certified #1XX of 461) in a Custom Wood box with the original HSN receipt for $651.52 with shipping and tax and COA from First Commemorative Mint (in lid of box) from a pawn shop for a huge discount on what the original purchaser paid.
I wouldn’t pay a premium for these - I’m not concerned about first strike or early release marketing stuff. It doesn’t make the coins any nicer.
How the heck can they First Day of Issue when they didn't even exist for until 20 years later. There is actually one coin, a First day of issue, no idea where it is today. Some guy took it to the post office and had them put a stamp and postmark it that day. The problem, was that it was a blank envelope [that is: a solid white envelope], so the coin could not be seen.
Good point. But who is "the market"? Knowledgable collectors or clueless people who think they are making an investment? Think about it. $395 for a MS 63 Kennedy half. A coin with a resale value likely slightly below or at best melt? The coins displayed on tv looked like crap. It could be said buyer beware, or do your due diligence. I've seen the end result of these tv show investments. EX; $100 face of UNC clad state quarters in mint rolls and plastic clam shell. Sold on tv with a huge mark up from the US Mint price. An invoice total of $615. The purchaser and later his estate thought the "investment" would be worth thousands only to find out the resale value was closer to face. My gripe here is concern for the hobby. Maybe I'm taking it a too seriously. Thanks for letting blow this off my chest. Before . After .
Well, that's certainly a bonanza for NGC, and probably for the shopping network. There'll be a lot of sad faces when the buyers look to "cash in" on their "investment", but apparently that's okay.
The best thing we can do is call it out when we see it. Let others know who aren't collectors that these things happen and if they have questions, their best route is to ask those in the hobby before they make a purchase like this. It's hard to reach the masses like those who would buy these types of products on T.V.
Thats what I was trying to imply in my sarcastic OP. Perhaps I will write something this is informative for our newbies. Finding out after the purchase will turn many away from the hobby.
The market is everyone. I would say the bullion guys are the main investment in the hobby aside from the super high end guys. I doubt anyone is really ordering these for investment. Realistically it would make no difference anyways as markets are set by how much people are willing to pay regardless of motivation It's definitely worth more than that now that it has the FDOI. If I had to guess Itd think they'll probably end up settling around the 200-250 range. It'll hurt them that its an entire bag, if it was a single coin the 400 could have easily been worth it. It's no secret TV is almost always the most expensive place to do it, but some people still do for whatever reason. This haha
