Gold Kennedy Half....requirement For A Complete Set?

WOW! This has to be the most stupid and idiotic thing I have read in this thread so far. The Federal Reserve Bank(s) dictates what and when the Bureau of the US Mint can produce as coinage for this country? I thought the US Constitution under Article 1, Section 8, Clause 5 gave the power to coin money to the Legislative Branch of our government, not the Federal Reserve System.

A person may not like a coin that a branch of the US Mint produces; a person may not want to collect a certain coin or series that a branch of the US Mint produces but as long as the Bureau of the Mint puts a ‘face value' on the coin then it is just that, a COIN.

The Federal Reserve System has nothing to do with the monetization of our nation's coinage that power is up to the US Congress.

Does the new 1964 â€" 2014 W gold Proof Kennedy half dollar belong in a collection of Kennedy half dollars? The short answer, YES, but it depends if the individual collector wants it in their collection.

I know some collectors that collect Kennedy half dollars complete by business strikes and Proofs but they will not have the 1965 SMS, 1966 SMS and 1967 SMS in their collections because they are neither a Proof or business strike coin. Other collectors do not consider the 1998 S Mattie Finish as part of their core collection. Still others see no difference between the business strikes and ‘satin finish' of the 2005 â€" 2010 US Mint Uncirculated Sets. Who are we to say they are wrong? Everyone should collect the way they like, period. There is nothing wrong with collecting a complete set of Kennedy half dollars by silver and clad if that is what the collector wants to do.

But to say that the 1964 â€" 2014 W gold Kennedy half dollar is not a coin just because you don't want to include it in your set, sorry "that dog just won't hunt".

Wow - touchy subject. Really it is what each person thinks and wants to collect.

DCM, with all the automation there could be more scrutiny. Has ANYONE found gold, not plated, ANYTHING in a roll or box of halves yet? Someone found part of a chain earlier this year in a box, not a roll I don't think, but loose in the box were a few links. Someone's bling must have broken when they were working these machines. They must be looking somewhere to keep the valuable coins out. junk from a foreign company they probably see and feign ignorance or it passes too fast to grab out. probably why commemoratives are found too because they look like some foreign coin, not that shiny gold color. the gold plated may be ignored because it looks the same on the face as others. There is a chance if the machine isn't testing metal content for one of these gold kennedy tokens to end up in a roll, but I am sure that someone will be watching for them for a bonus payday.




FRS doesn't coin money so the argument is moot.

The thing is that since the FRB were set up, they must BUY all the money and distribute it. Bills at cost and coins at face value.




So it does not fit as money since the FRB doesn't get and distribute it ever since the Federal Reserve Act came into play. a coin must be money, and since this is not money it cannot be a coin.

This collectible design gold token may resemble a coin, have the purpose of looking like a coin, may be able to bypass being fraudulent due to its creator being the Mint, but it doesn't make it a coin because it violates the system that coins are required to go through like all other money in this country. it is a curio and nothing more.

"The New Deal" says


So while the laws of this country are mutable and change over time, the latest one has made gold not legal tender, ergo the Banking/Economic reform of the Great Depression is what means, BY LAW, this is NOT a coin because as with the FED being created, gold is NOT legal tender. I am having a hard time finding all the information on where large parts were removed later like being able to own gold being legal again, or even where it states that gold is legal tender again. Someone want to cite where any law says gold is legal tender again since 1933?

Now this could have people trying to say that a double eagle isn't a coin in a way, but I will say, once a coin, always a coin, even if a new law say not a coin. but when made when it isn't a coin, it will have to take a law to make it a coin again.

Double Eagle was a coin when made, and will forever be a coin. Gold 1964~2014 Kennedy was NOT a coin when made, and will need a law passed specifically to make it legal tender to be a coin.

Ignorance must be bliss as they say, because if I just collected coins I would probably say "looks like a coin so is a coin" (which is probably what the mint wants), but being numismatist as well I discern what is a coin and what isn't because that is part of the fun as well.

I think I recall that 1933 eagles (double?) were made and are illegal to own because of this whole "gold not legal tender" thing (and they were never intended to be released to the public?), which means the death knell for this 1964~2014 gold thing being a coin.

a coin is something made with the intent to be used as money, simple as that. a medallion/token/whatever is some peice of artwork made to be sold for a profit

That is where the confusion will come. Is the trade an exception or the rule? is an ASE considered a coin, that bullion buffalo, the platinum? Just because the mint makes it doesn't really make it a coin, but I am undecided on what to all the gold thing and could care less what the US Mint calls it. gold coins stopped being made in 1932 for legal release to my knowledge. I cal the rest just gimmicks. I stick with my definition of coin, but still the collector must decide for himself. I need to find more on the fed in a real book other than online short bits of info and such. Been meaning to for a while, but now more interested in it that usual.

@atsinger



Hey! Been very busy with working on finishing a reference book for the insulator hobby, and... my eldest son was married last SaFriday in Florida - so had a road trip! So everything else has to take back seat. But since I had a few minutes, I wanted to check the posts on the gold JFK, so I chimed in.

As to the Die rotations, I was aware of the 88 and 65. Somehow I missed the 73! Oh well... one more I have to have for a "complete" set!

Looking onward to this book being out the door - health permitting - maybe the next couple of weeks! I REALLY miss being on CCF daily.