| Author |
Replies: 875 / Views: 78,267 |
|
|
|
Pillar of the Community
 United States
4901 Posts |
Quote:By law, the Apollo half dollar is limited to no more than 750,000 (and this also includes whatever Apollo halves end up selling with the Australian coin as well). There is no law to limit how many enhanced reverse proof Kennedy half dollar coins can be struck. The way the mint page for the half set is written the Kennedy is included and has the same mintage limits as the Apollo halves. Not sure if that is the way the law was intended to be interpreted but it is the way the Mint has it now on the product page. So... ..PF half and Kennedy set 100,000 (which is actually 200,000 halves of the 750k) ...the Pf half alone +? ...the unc half alone +? ...the half included in the Australian set +?
|
|
Pillar of the Community
United States
1375 Posts |
Quote: ..PF half and Kennedy set 100,000 (which is actually 200,000 halves of the 750k) Fox, I don't believe this is correct. The enhanced reverse proof Kennedy halves have nothing to do with the law that authorizes the Apollo commemorative. As, such they don't apply to the authorization limits. The Mint is choosing to strike the Kennedy coin on the Treasury Secretary's authority and they are also choosing to limit the production to 100,000 coins. They could just as easily choose to package that coin multiple different ways and increase the mintage above 100,000 to whatever they want. IF the mint does sell 100,000 of the Apollo/Kennedy sets, then that will limit all other products (currently PRF, UNC and Australian set) of the Apollo half dollar to a max mintage of 650,000.
|
|
Pillar of the Community
United States
2023 Posts |
The 750k limit applies only to the Apollo clad half, not the Kennedy. There are no mintage limits for the Kennedy specified in the legislation. The Mint page is probably just limited in how the information is presented (i.e. templates), so I can see how it could be interpreted that way.
Since the legislation restricts the Apollo half to 750k, that applies to all products and all finishes in total, including the Australian set. Up to 100k in this half set, the rest would be allocated to other products.
|
|
Pillar of the Community
 United States
4901 Posts |
I agree that the limit is totally Apollo related but "across all halves" threw me for a "huh?" So the Mint can make as many Kennedy halves singularly or in sets as they see fit
|
|
Valued Member
United States
430 Posts |
|
|
Moderator
 United States
188770 Posts |
Does not matter to me if they do, as long as I get one. 
|
|
Bedrock of the Community
 United States
12839 Posts |
Quote:I don't see them selling the Kennedy half outside the set.  But who knows... we've seen it happen before. Quote:Does not matter to me if they do, as long as I get one.  with this too. 
|
|
Pillar of the Community
United States
1026 Posts |
Isn't it telling that not a single dealer has contacted 'us' to purchase any of the Apollo 11 offerings for them in exchange for $$? This is what typically happens with hot releases, such as the Palladium Eagle last year. I know this is not a straightforward comparison, but I guess the dealers don't think this release will take off.
|
|
Pillar of the Community
United States
1375 Posts |
 Doesn't seem to be much buzz from dealers. The 5 ozt dollar is VERY high premium Ag at nearly 3x current Ag spot prices. Seems too expensive to me for a 100,000 mintage to sell out, but it's anybody's guess at this point. With this being the 2nd issue of a curved coin (and there going to be a 3rd issue next year), I'm thinking the bloom is off the rose for the Ag $1 and Au $5 as well. My "guess" is that these don't sell out either, but that $5 could with just a little bit of buzz. The Apollo half eagle will definitely sell better that the 2017 Boys Town coin. So, Boys Town will remain the key date of the modern Au commemoratives. IMHO the only safe bet is that the Apollo half dollar doesn't even come close to selling out. I do think the Apollo/Kennedy set will eventually be a sell out though. IMHO it will take some time (maybe a week or two? Last year's reverse proof set took 5-6 weeks at double the mintage.), but there are enough Kennedy collectors out there that will want this coin.
|
|
Moderator
 United States
188770 Posts |
Quote: Isn't it telling that not a single dealer has contacted 'us' to purchase any of the Apollo 11 offerings for them in exchange for $$? This is what typically happens with hot releases, such as the Palladium Eagle last year. I know this is not a straightforward comparison, but I guess the dealers don't think this release will take off. Interesting observation for sure.
|
|
Pillar of the Community
United States
2023 Posts |
Considering 1) 15k mintage limit of the Palladium while Apollo gold is 100k, 2) palladium is very hot these days while gold is relatively lingering, 3) the palladium series is on its second year rather than its 38th and 4) that the palladium piece is a full ounce of 99+% pure instead of <1/4 ounce of 90%, it's no surprise that dealers aren't knocking on our doors.
Not a straightforward comparison, indeed.
|
|
Pillar of the Community
United States
1026 Posts |
^ The way I read the maximum mintage for the gold coins, it is 50k across both uncirculated & proof options, not 50k each. It won't make much of a difference in the end though...
|
|
Pillar of the Community
United States
1375 Posts |
 The half eagle is a max mintage of 50k for the proof and unc combined, not for each finish.
|
|
Pillar of the Community
United States
2023 Posts |
My mistake. My overall point still stands, though.
|
|
Valued Member
United States
430 Posts |
I've been pretty good at guessing which offerings will sell out quick. This might not have the dealers offering money, but I think that has more to do with past mistakes. I'm going to try to get mine at noon and am more worried I'll be shut out than anything.
|
| |
Replies: 875 / Views: 78,267 |