This Is An Insane Waste Of Money.

I know it takes all kinds, but I agree that he's out for the attention.

"It's an important coin," Hendrickson said in defending the $100,000 price the Yadgarov coin garnered. "It's the first coin sold â€" the first coin released of the Kennedy gold coins. There could never be more than one being the first."

Pardon me for guessing, but didn't they sell the FIRST Kennedy gold coin at the Philadelphia mint a couple of hours before they sold the coins in Chicago?
If anyone has the 'official' times they started selling the Kennedys at Philly Mint, Denver Mint, and the Chicago hobby-show; it would be appreciated. Thanks!!

I think it is sad that he ripped off a supposed "long time customer" like that. Couldn't the dealer have been happy with a 100% markup and charged him $10k?

I noticed that the article posted on page 2 made mention of how the coin was a disaster in a numismatic-sense.

"1) The Kennedy Gold Half Dollar is not a series of coins that numismatists are collecting. This is a one-time only anniversary issue and will not be minted again in 2015.

2) This Kennedy gold coin only contains ¾ of an ounce of .999 fine gold -- an off weight and not popular with collectors.

3) The mintage is unlimited. The U.S. Mint could produce over 100,000 coins, which is very high for a gold commemorative coin.

4) You are not buying or investing in a rare coin; you are paying a very large premium for a label that has little to no chance of becoming part of a registry collection by PCGS or NGC."

There are better ways to spend 100k of cash and I feel bad for this couple. Not too fond of the dealers making that cash off of them like that.
Maybe karma will hit back and they will blow it all off on fake Morgans or something, only time will tell

It's Not even the first one minted. . $100,000 to blow on this .....!

This is pure greed and vanity.

Guys, it might be a waste of money to us. I seriously would never spend that kind of money on something like that but what do you think the purchaser thinks? I highly doubt that someone that can drop that amount of money on something does it irrationally. Seriously, if you are making stupid decisions with your money you won't have it very long. It was probably something they really wanted. I have been known to spend extra money on things I really like, money that others wouldn't spend. I think it's a little hypocritical to be bashing someone for dropping that money on a coin when most of the population thinks it's pointless that we are spending over $1 on $1 coins. Let the man (or woman) be.

Principally, yes. If I pay $50 for a Peace dollar I am certainly paying more than its face value. I am also paying more than what its silver content is worth.

While the monetary proportions are exaggerated, it's the same thing. The buyer paid more than the face value of the coin and more than what the gold content is worth.

People might think spending $100k on a single gold half dollar is ridiculous, but most people would also say paying $50 for an old $1 coin is equally ridiculous.

While we are all entitled to our opinion, and I certainly will not say we cannot voice them, I was just hoping to bring a new perspective to those I have seen here that are condemning someone they do not know for doing the exact same thing they do, simply in a more expensive fashion.