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 Replies: 154 / Views: 20,853 |
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Bedrock of the Community
United States
17884 Posts |
Quote:I am figuring that a Kennedy half dollar-size gold coin would be 11 or 12 grams. Anybody got a better approximation? Well considering a 90% silver half weighs 12.5 grams and has a specific gravity of 10.34,and 24 JT gold has a specific gravity of 18.88, then a 24Kt gold half dollar would weight 18.88/10.34 times as much as a 90% silver half dollar. Do the math and you get 22.82 grams or just about 3/4th of an oz of gold. |
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Pillar of the Community
United States
2543 Posts |
Quote:
Do the math and you get 22.82 grams or just about 3/4th of an oz of gold. Which, going by the Mint's general mark up on gold coins, puts us right in their $1100-$1300 price range, depending on spot gold. |
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Pillar of the Community
United States
1254 Posts |
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Valued Member
United States
406 Posts |
Thanks Teach for the info. Exciting possibilities developing! I for one would buy a 3/4-oz gold Kennedy ... assuming the mintage would be on the smallish side.
Best Regards,
George
VDB Coins
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Bedrock of the Community
United States
17884 Posts |
They are talking a maximum mintage of 50,000.
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Pillar of the Community
 United States
4901 Posts |
50k is a pretty high number for a 1 oz. gold coin...I know it will be popular but the Gold Buffalo proof sold less than 20k in 2012 and the Eagle less than that...
I don't see the potential here if there is too high a premium over spot...
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Bedrock of the Community
13014 Posts |
50k would be good for Silver/Clad. I personally dont mind a modern rarity being put out every now and then, its more satisfying chasing it down and getting one to me. I have to agree it would be high for a gold, then again I wouldnt be shocked to see a sell out with the assumption it would be a 1 time thing for the series never to be done again.
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Pillar of the Community
United States
899 Posts |
Foxwoods.. you are comparing this to a long running series. The 2006 first issue of the Buffalo in proof - sold 246,000 coins. While this may be a long running series a gold coin is a 1 off and will draw much more interest than the yearly releases. If they in fact put a mintage limit of 50k on it - I think it will do better than it would with a mint to demand offering. Especially if they don't restrict dealers from buying large lots.
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Pillar of the Community
United States
2543 Posts |
Quote:
50k is a pretty high number for a 1 oz. gold coin.. I am sure that they are going off the Reverse Proof Gold Buffalo numbers. 47,836 , Those numbers were from Gold Coin collectors and flippers. Add in die hard Kennedy collectors and I think that they will easily hit 50,000. |
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Pillar of the Community
United States
1037 Posts |
While the gold is an interesting topic for the 50th Annv. Kennedy. I think the Mint will keep the special set in silver. Maybe a 2 coin set with a reverse proof and an enhanced UNC.
Time will tell.
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Valued Member
United States
406 Posts |
The Reverse Proof and Enhanced Unc would be nice but I would still like to see a one-off gold issue. Silver per se would not be special as the silver proofs have been struck since 1992. Lots of interest in this topic, and yes, we are all eager to find out!
Best Regards,
George
VDB Coins
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Pillar of the Community
United States
4901 Posts |
Quote:
Add in die hard Kennedy collectors and I think that they will easily hit 50,000. Maybe I misspoke...at 50k it most definitely will sellout and most (huge numbers) will go to dealers who then will immediately flood the market aka ASE SF set and previous "special" sets. I'm surprised the pre-sales haven't started already but I guess they have to actually announce the set first ;) So it comes down to just trying to buy a set to keep as a collectible (shocking concept I know) and forget about getting a few to sell. Kinda like the good old days.... |
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Valued Member
United States
406 Posts |
I wonder what would happen to the prices overall if the Mint were to announce a 50-year commemorative set (or various options) and then announce the discontinuance of the Kennedy half series? After all, they have not made the coins for circulation since 2001. And as much as I love them, they are pretty much useless as a denomination. Walter Breen wrote in his Complete Encyclopedia in 1988 that he thought the series would end soon ... yet here we are, 26 years later ... |
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Pillar of the Community
United States
2815 Posts |
I'm guessing it would depend on how much profit the mint actually makes from producing the Kennedy half. Either that or politics keeps it alive and well for the minting. Apparently, the mint makes enough of a profit to keep it rolling out year after year. Until that changes, I see it continuing. Who knows? This 50th anniversary may attract a whole new group of collectors who want to start collecting the series, as well as those who may start buying bags and rolls. Quote:
I just wanted to add that I would like to see this 50th coin made using the old 60's style dies. I like those better. YES! The 60's/70's dies produced coins with a fuller, richer appearance. The modern coins lack this. The modern Kennedy half has a flat appearance with a much lower relief. Edited by Darth Morgan
02/09/2014 11:54 am
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Bedrock of the Community
13014 Posts |
Quote:I wonder what would happen to the prices overall if the Mint were to announce a 50-year commemorative set (or various options) and then announce the discontinuance of the Kennedy half series? If it was announced all at once and there was a big gap between that and shipping the sets it would probably be minimal at first as people would need to be reminded about that. I would expect a very fast sell out of everything though If they did the set then dropped that big bomb after it was shipped and done with you could probably just go ahead and double or triple the price of everything if not more. Just look what the 2012 all did when it was unexpectedly cut short |
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Posted 02/05/2014 10:47 am
