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 Replies: 224 / Views: 30,019 |
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Pillar of the Community
United States
608 Posts |
Will there be a limit on the amount you can order? I hope so.
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Pillar of the Community
United States
1037 Posts |
My guess is there will not be a limit on quantity once the set is up for sale. Give the Mint a couple of weeks to post the set's details.
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Pillar of the Community
United States
4901 Posts |
I am guessing no limit on orders and mint to demand
This should all but kill any potential price gain
I do hope I am wrong
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Rest in Peace
 United States
1380 Posts |
I don't understand all of the concern over mintage limits. Doesn't anyone else just collect to collect and enjoy? I want to buy them for my collection, and don't care about resale value, as I want to keep them, not sell them. Anyone else? Or is this just turning into another "I want the mint to do things so I can make lots of money, and don't care about the people who are actual collectors" discussion?
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Pillar of the Community
United States
997 Posts |
Anyone else think this is the wrong year for the 50th Anniversary Kennedy half? This is actually the 51st year for the coin, it's 50th year was 2013. Still, it would be a nice send off if they got smart and eliminated the 50 cent piece. |
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Pillar of the Community
United States
608 Posts |
I collect for the joy of it, but it's also nice when the coins you collected increases in value...low mintage helps to that end.
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Pillar of the Community
United States
2077 Posts |
$100 seems a bit high for the silver set considering only two coins are proofs.
Yes, this is the 51 year, but still the 50th anniversary.
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Pillar of the Community
United States
2815 Posts |
Quote:
I don't understand all of the concern over mintage limits. Doesn't anyone else just collect to collect and enjoy? I want to buy them for my collection, and don't care about resale value, as I want to keep them, not sell them. Anyone else? YES! Thank you! I couldn't have said it better myself. Whenever the discussion turns to mintage figure speculation, I start to yawn. If I buy a coin that increases in value then that is great. If it doesn't, I don't care either. I simply just enjoy the hobby. But maybe mintage figures, market analysis, and profit projections are simply how others enjoy the hobby. I guess that's OK too. To each his own. |
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Moderator
 United States
188213 Posts |
Quote:
They should have never switched to a lower relief design. Higher mintages required it. Lower relief extends die life and allows minting at faster speeds. Quote:
Doesn't anyone else just collect to collect and enjoy? I do, which is why I hope there is no mintage limit. I do not want to have to fight to order one. Quote:Anyone else think this is the wrong year for the 50th Anniversary Kennedy half? This is actually the 51st year for the coin, it's 50th year was 2013 Well, calling it the 50th Anniversary is fine. What year were you born? What year will you be (or did you turn) 50? Same thing. When you "turn 50" you are actually entering your 51st year. The Kennedy half dollar is 50 (plus) years old. However, you are right if one incorrectly calls this a "celebration of its fiftieth year," which was last year.  |
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Pillar of the Community
United States
4901 Posts |
Regarding mintages: I am a collector AND a seller. I usually buy a few (or more) of each interesting and potentially profit generating set in order to cover the coins that I keep in my collection.
I do not buy everything but it has worked well for the sets/coins I have decided to buy. I can honestly say I am net positive AND have a nice collection at zero net cost.
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Valued Member
United States
116 Posts |
Does the Mint even have legal authority to mint Kennedy half dollars in gold? I haven't heard of any recent legislation authorizing the mint to do so. I'm sure that they learned their lesson from the gold Sacagawea dollar fiasco. |
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Pillar of the Community
United States
2543 Posts |
According to ......31 U.S. Code ยง 5112 - Denominations, specifications, and design of coins Quote:
(2) The Secretary shall prepare the devices, models, hubs, and dies for coins, emblems, devices, inscriptions, and designs authorized under this chapter. The Secretary may, after consulting with the Citizens Coinage Advisory Committee and the Commission of Fine Arts, adopt and prepare new designs or models of emblems or devices that are authorized in the same way as when new coins or devices are authorized. The Secretary may change the design or die of a coin only once within 25 years of the first adoption of the design, model, hub, or die for that coin. The Secretary may procure services under section 3109 of title 5 in carrying out this paragraph. In other words the Sec of the Treasury can change the design of the Kennedy half. |
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Valued Member
United States
116 Posts |
I understand that the Secretary of the Treasury can change the design of the coin, but it doesn't grant him the authority to change the metallic content of the coin. It explicitly states that Quote:
The half dollar, quarter dollar, and dime coins are clad coins with 3 layers of metal. The 2 identical outer layers are an alloy of 75 percent copper and 25 percent nickel. The inner layer is copper. The outer layers are metallurgically bonded to the inner layer and weigh at least 30 percent of the weight of the coin. It also specifies the dimensions of the coin as Quote:
a half dollar coin that is 1.205 inches in diameter and weighs 11.34 grams. Surely a gold half dollar would weigh considerably more than 11.34 grams, if it is to be the same thickness as the clad version. |
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Bedrock of the Community
United States
17884 Posts |
I think this is where they are claiming the have the authority to do it
Title 32 sec 5112 paragraph 4 (A)
(4)
(A) Notwithstanding any other provision of law and subject to subparagraph (B), the Secretary of the Treasury may change the diameter, weight, or design of any coin minted under this subsection or the fineness of the gold in the alloy of any such coin if the Secretary determines that the specific diameter, weight, design, or fineness of gold which differs from that otherwise required by law is appropriate for such coin.
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Pillar of the Community
United States
1228 Posts |
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Replies: 224 / Views: 30,019 |
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Posted 06/21/2014 12:07 pm
