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Potential Kennedy Half Set

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Teach's Avatar
United States
1255 Posts
 Posted 04/09/2014  7:36 pm  Show Profile   Bookmark this reply Add Teach to your friends list Get a Link to this Reply
Will these coins be as hot as the HOF coins? Thoughts?
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basebal21's Avatar
13014 Posts
 Posted 04/09/2014  7:39 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
If they have a limited mintage they could get close. They wont draw in non collectors like the HOF coins did though. Mint to demand and theyll probably be like the last two ASE sets
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Foxwoods Man's Avatar
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4901 Posts
 Posted 04/10/2014  07:15 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Totally agree with BB21...the Mint dropped the ball with the HOF coins in regards to household limits. Let's see if the crank up production and decrease HH limits. A high mintage or mint to demand set will impact the ultimate value of this set....I bet mint to demand

We'll see
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Doug58s's Avatar
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899 Posts
 Posted 04/10/2014  07:28 am  Show Profile   Bookmark this reply Add Doug58s to your friends list Get a Link to this Reply
I agree with what has been said. If they do a mint to demand 30 day window type offering - a lot of collectors will pass on this. The large resellers will dive in and buy thousands and flood the market with coins and dilute any remaining value these might have.

It would be ideal for the mint to state an initial quantity of 75,000 for example and a ordering limit of 5 per household... now you might end up with a collectible piece - or at least have a fighting chance it will retain value.
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Foxwoods Man's Avatar
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4901 Posts
 Posted 04/10/2014  08:37 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
...and if they are offered individually or only as sets. I would assume the gold would be a separate option....mintage on the non-gold would be waaaay over 75k or this would be a train wreck trying to order...
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basebal21's Avatar
13014 Posts
 Posted 04/10/2014  1:17 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Sadly I agree that mint to demand is probably what well get for this. Id really like to see something with 150k or less but could live with 200k. If they really wanted to do mint to demand just two sets, a special low mintage silver set and then the sacrificial lamb clad set they can mint all they want so no one can complain.
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Teach's Avatar
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1255 Posts
 Posted 04/10/2014  1:22 pm  Show Profile   Bookmark this reply Add Teach to your friends list Get a Link to this Reply
@BB21 - So you don't think the gold coin will be part of a special set of any kind?
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basebal21's Avatar
13014 Posts
 Posted 04/10/2014  1:30 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
@BB21 - So you don't think the gold coin will be part of a special set of any kind?


Im thinking if they do it itll be sold individually where they can charge more for it. I guess they could do some special gold and silver combo set, but I assume that wont be the only way the silver would be available.
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SA4H's Avatar
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2764 Posts
 Posted 04/10/2014  3:26 pm  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
I thought I saw somewhere a while back that they will make separate set for gold/silver/clad coins?
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smokeriderdon's Avatar
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3755 Posts
 Posted 04/10/2014  11:20 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
Everyone keeps doggin mint to demand. That it brings down the value. And werent a lot of you the same people who crucified the mint when they did exactly what you are saying and put a minting limit on the 2011 set? I do believe all we heard were cries of its not fair! But I digress. So the last two ASE sets. No limits. Value destroyed by this. So, what were the mintages then? Gotta be over a million to have that bad an effect on value. Or at least high hundreds of thousands. I mean with all the big bad companies gobbling them up and raising the mintage numbers. And since all those evil companies did that, I can go on ebay and grab one for like 20 bucks over issue price right? Its been two years now since the San Fran set, so surely that one has to be selling for just that little bit above issue. OK, now that we are done with that bit of fantasy and non sense...

Lets just wait until they actually announce something. If you really like Kennedys you will buy what they eventually issue. Unless they mint high numbers, million plus, they will hold value. A COMPLETE Kennedy set will indeed include these coins as it does the matte proof and accented hair coins.

And you guys are really wasting money on those HOF things? Talk about a gimmick.
Valued Member
United States
317 Posts
 Posted 04/11/2014  06:22 am  Show Profile   Bookmark this reply Add PennyPiggy to your friends list Get a Link to this Reply
I'm not a big fan of when the mint drops these months long sales of a coin like last year's ASE set or the Reverse Buffalo. The mint does not properly advertise these sales as I have not seen anything about these Kennedy coins mentioned on the US Mint site and it restricts collectors from getting these coins. These type of sales favor the dealers over the collectors and I think that's wrong. I also think the mint does it because its easier for them to get the exact tally, produce the coin and ship them but it hurts collectors.

The BHOF coins are a gimmick but the demand is too strong. And I agree with some of the posters here about the mints handling of the household limits, not good. Again, Mint officials did not have a clue towards demand and did not ration the coins off properly. They also did not have a clear understanding of demand with the Girl Scouts commemorative last year ordering a big batch at the middle of the year. They need to hire someone who actively mingles with the collecting community and has an idea of demand.

I am also against the Mint offering upcoming coins at a convention before going on sale to the general public. You have the select few who have their coins in hand while I and the rest of the masses have to wait awhile, and it isn't right.
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Doug58s's Avatar
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 Posted 04/11/2014  07:00 am  Show Profile   Bookmark this reply Add Doug58s to your friends list Get a Link to this Reply
smokerider... I can go to ebay right now and pull many 2013 sold listings for the WP set - that are selling graded 69 for less than the issue price. That isn't a fantasy. That is a direct result of the mint to demand - sell by the truckload - ideology.

The fact is - the 2011 set - while not popular with how it was done - does have a considerable mark up over the 2012 and 2013 sets. The HOF coins will in all likelihood hold value because they sold out and while are quite gimmicky are also marketed to a base larger than just coin collectors. Had that been a mint to demand offering - they probably would still have sold a ton of coins - who knows... because that isn't how they did it - and I and many others are quite happy they didn't.

The same can be said for this Kennedy offering - yes a mint to demand sale will draw a ton of buyers - but many collectors will move on... because while it will be popular - it also will be common and have less long term value and less need to take up space in the collection when it can be purchased easily on the market for about the same price as it was issued at.
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Foxwoods Man's Avatar
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4901 Posts
 Posted 04/11/2014  07:29 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
I am definitely NOT a fan of mint to demand. Just decide on a mintage and establish more reasonable household limits.

The 2011 set is a perfect example of a fixed mintage number. I just sold 2 coins from the set for $360 and $650. That's $1010 just for two coins....(S and RP both NGC70)

That's what a 100k mintage limit does...oh, did I mention the extra bonus of absolute chaos on day 1 of ordering? Just an added bonus
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basebal21's Avatar
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 Posted 04/11/2014  9:46 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
So, what were the mintages then? Gotta be over a million to have that bad an effect on value.


Mintage is the most overrated value assessment there is. The value was actually destoryed. Things that should have been seen as special like the 2011 set are to this day consistently selling on ebay for 155 and under with free shipping. Many sell under 150, the majority sell at 160 and lower. A couple every now and then fetch up to 180 but the majority of sales are right around issue price and actually lower when factoring in the cost of free shipping.

Value is destroyed minting to demand as it takes away the appearance of being special. Its just another product that anyone could get and has a month to do so. That turns people off. The 2012 set was at least saved by a grade rarity for the 70s since the quality was down, the 2013 set though didnt have that issue and like mentioned 69s are basically shunned and have to be given away below issue price.

If you make something hard to get people want it and arent willing to sell it for what they paid. When you make something common and easy to find when people want to sell they just want to sell crashing the price. 2011 took effort, no one would sell that set for close to issue price but 2013 didnt and just getting close to their money back is good enough to move on.

Its like when a company constantly runs specials and discounts it cheapens their brand that no one wants to pay full price for. Minting to demand cheapened the RP ASE and the new special finish which imo didnt live up to the hype anyway but thats a different story.


Quote:
I mean with all the big bad companies gobbling them up and raising the mintage numbers. And since all those evil companies did that, I can go on ebay and grab one for like 20 bucks over issue price right? Its been two years now since the San Fran set, so surely that one has to be selling for just that little bit above issue.


Even though you were being sarcastic thats exactly what has happened. If you paid 20 bucks over issue you bought one of the more expensive ebay sets as well for a raw one.

Also the companies did do exactly that buy a huge percentage of the mintage solely for resale which the price hasnt even begun to recover from yet. They arent evil for doing it, but they did it.

HSN alone bought over 10 percent of the mintage which they freely admit too, from the numbers on the ANCS slabs they sold its likely close to 15 percent than 10 percent. Silvertown posted pictures of a semi truck filled with pallets of them that they bough. Those two companies alone purchased easily over 15 percent of the mintage. Then you add one APMEX, Provident Metals, and MCM and youre already at well over 20 percent of the total mintage purchased. That doesn't even begin to get into the sets bought to be sold, other dealer purchases, and the other big online sellers. A conservative estimate would be about 1 out of every 3 sets was bought by a seller for sale, it could easily be over 40% when you really start breaking down the numbers of who bought what and the sales volume from when the sellers were purchasing.

Over 10k orders were canceled before being shipped both times from people that had bought them saw that they were basically selling for the same price and bought them from a seller instead of waiting another couple months for their set from the mint.

Its fine if sellers get a good chunk on things that are limited, not when the mintage is whatever we sell though. It was a horrible idea by the mint to appease a small vocal percentage of people who complained that ultimately just left a large percentage of people unexcited and was executed terrible. If the majority of people really wanted mint to demand moderns would be more popular and not just when its a limited product.


Quote:
And you guys are really wasting money on those HOF things? Talk about a gimmick.


Commemorative coins are a gimmick now? I cant help but find it ironic that that the product who has gotten so much attention and is so insanely popular you can count the rivals to it on your fingers since clad coins started is the gimmick product and not the 30 different things of the same coin in a different package. That gimmick did pretty well with everything buy the halfs sold out fast and ABC News, Yahoo News, ESPN, Fox News and others who have never covered new mint issues funny stories about them on their web sites and generally on the front page. Id be interested to see if anyone could find anything that got that kind of attention before being released.

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smokeriderdon's Avatar
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3755 Posts
 Posted 04/11/2014  10:43 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
And I will simply say I do not agree in the least bit. The fact is that none of the sets minted over 200,000 if memory serves. I will argue vehemently that mintage IS a big factor. Not the only one, but a major one. The big companies bought only but so many sets. I just went through pages and pages of completed listings. I found a whole of three listings, graded, sold for less than issue price. Saw quite a few raw sets that sold for a decent bit over issue price. No, money is not being made hand over fist on them, but neither is their value destroyed and wrecked.


Quote:
Those two companies alone purchased easily over 15 percent of the mintage.


So? That does not change how many were minted. The 2011 set was capped at 100,000. The 12 and 13 sets had mintages of what, 50,000 more or so? All the squealing heard from people over the 2011 set at 100,00 and a mere 50,000 more engenders the sky is falling responses and market influence? Really? Sorry, but that to me is jacked up thinking.


Quote:
I have not seen anything about these Kennedy coins mentioned on the US Mint site


Well of course you haven't. Why would they mention anything at all when a final product has not been determined? Your point there is faulty.


Quote:
Commemorative coins are a gimmick now?


A curved baseball mitt coin? YES, that is a gimmick. That is pretty much the definition of gimmick.


Quote:
That gimmick did pretty well with everything buy the halfs sold out fast and ABC News, Yahoo News, ESPN, Fox News and others who have never covered new mint issues funny stories about them on their web sites and generally on the front page.


Again, so? It did exactly what a good gimmick is supposed to do. It sold a bunch of units right off the bat ( see what I did there? ) and generated some buzz. The only people who will have any interest in this product at all are baseball fans. And a year or two from now it will only be numismatic baseball fans. About the same as pet rocks. Aside from an PM value.


Quote:
And I agree with some of the posters here about the mints handling of the household limits, not good.


Ummm, hold on...


Quote:
I'm not a big fan of when the mint drops these months long sales


OK, then what is it? This is EXACTLY what I am talking about. Here we have one person damning the mint for doing a mint to demand issue, then turning around in the same post and saying that the mint having household limits is not good. You can't have it both ways.

So, looking at the gimmick coin. I have seen an awful lot of squealing about the limits the mint set on the coin. Limiting sales and mintages. Yet you all dont want a mint to demand.
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