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This Is An Insane Waste Of Money.

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Joe2007's Avatar
United States
3843 Posts
 Posted 08/09/2014  3:13 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Just think about the legitimately rare Chain Cent you could get for 100k and then compare it to this over hyped rubbish that just sold for 100k. Amazing ........
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nickelsearcher's Avatar
United States
15458 Posts
 Posted 08/09/2014  5:52 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Lack of commentary for me thus far is a direct result of my brain not processing the immense frivolous nature of this transaction ...

$100K ... geepers.

David
Take a look at my other hobby ... http://www.jk-dk.art
Valued Member
chris86's Avatar
Canada
185 Posts
 Posted 08/09/2014  6:44 pm  Show Profile   Bookmark this reply Add chris86 to your friends list Get a Link to this Reply
This is ridiculous!
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westernsky's Avatar
United States
7621 Posts
 Posted 08/09/2014  7:31 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
No shortage of stupid.
Valued Member
CherreePicker's Avatar
440 Posts
 Posted 08/10/2014  07:54 am  Show Profile   Bookmark this reply Add CherreePicker to your friends list Get a Link to this Reply
"No shortage of stupid."

Well you beat me to it. I was just going to word it differently as "can't fix stupid".
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Doug58s's Avatar
United States
899 Posts
 Posted 08/10/2014  08:10 am  Show Profile   Bookmark this reply Add Doug58s to your friends list Get a Link to this Reply
I think we are viewing this all wrong...

We need to work together to develop a label (or labels) that can be sold to these people. I think they would be perfect to attach directly to any OGP coin - completely cover the coin with a CCF label that certifies the coin enclosed as approved by CCF members. (notice it signifies nothing but isn't that the point?)

We could advance it further and create labels for the various holders of graded coins - that cover the coin as well - and certify those as approved as well. (again the approval means nothing - but you get a fancy label!)
Edited by Doug58s
08/10/2014 08:11 am
Pillar of the Community
968 Posts
 Posted 08/10/2014  10:35 am  Show Profile   Bookmark this reply Add chasingtailbar to your friends list Get a Link to this Reply
Starting to think this was just bs created to induce hype given the recent news that a major dealer apparently hired actors to storm the lines at the mints to make it seem as if there was more demand than actually existed. Interesting stuff, and this guy is going to be disgraced.

http://www.thedenverchannel.com/new...ld-jfk-coins
Edited by chasingtailbar
08/10/2014 10:37 am
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Joe2007's Avatar
United States
3843 Posts
 Posted 08/10/2014  6:49 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply


I'm inclined to agree unless more specific information on the transaction is released. To say that some anonymous Coin Vault customer paid 100k and expect everyone to believe it is pretty flimsy.
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Bryan78's Avatar
United States
1068 Posts
 Posted 08/10/2014  7:22 pm  Show Profile   Bookmark this reply Add Bryan78 to your friends list Get a Link to this Reply
Why would anyone pay actors to go run to the mint (especially people that don't even look like they could afford to buy let alone even care about this coin) and create a major headache for police and potentially create a life threating situation?

If they wanted to waste that kind of money why not just give it to me....
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BadToTheBone's Avatar
United States
1795 Posts
 Posted 09/06/2014  7:22 pm  Show Profile   Bookmark this reply Add BadToTheBone to your friends list Get a Link to this Reply
A couple of sayings come to mind: A fool and his money are easily separated. ......Stupid is a Stupid does. Wow got more money than they know what to do with is all I can say. Wow
Valued Member
Historyfan's Avatar
United States
88 Posts
 Posted 09/06/2014  8:08 pm  Show Profile   Bookmark this reply Add Historyfan to your friends list Get a Link to this Reply
Just some wealthy guy looking for some attention, geez!
Valued Member
Augiedog's Avatar
United States
63 Posts
 Posted 09/07/2014  5:00 pm  Show Profile   Bookmark this reply Add Augiedog to your friends list Get a Link to this Reply
I know it takes all kinds, but I agree that he's out for the attention.
New Member
superdancoins123's Avatar
United States
1 Posts
 Posted 09/07/2014  6:53 pm  Show Profile   Bookmark this reply Add superdancoins123 to your friends list Get a Link to this Reply
"There can only be one!" from the movie "Highlander"

Seriously though, why would somebody pay $250 million for Paul Cezanne's painting "The Card Players"? Or $155 million for Picasso's 'Le Reve'? Just paint on a canvas, yes? I would think what motivates wealthy collectors which unfortunately I am not one is rarity, desirability, and bragging rights.
However, I would agree. There are no serial numbers on these coins, nothing to differentiate one MS-70 gold Kennedy from another except for those labels. But the investor can always say, there is only one first coin, first issue, and I have it. Heck of a price to buy a label.
Cheers
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atticguy's Avatar
United States
1373 Posts
 Posted 09/07/2014  7:38 pm  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
"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!!
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Historyfan's Avatar
United States
88 Posts
 Posted 09/08/2014  03:11 am  Show Profile   Bookmark this reply Add Historyfan to your friends list Get a Link to this Reply
Atticguy, this link might help clear the air regarding your question...

http://www.kitco.com/ind/Stuppler/2...isaster.html
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