| Author |
 Replies: 91 / Views: 12,603 |
|
Pillar of the Community
Canada
2984 Posts |
|
|
|
|
Pillar of the Community
United States
5841 Posts |
You might want to check out this thread on the topic. As for me, I am most definitely planning on buying one. I love Kennedy half dollars in general, love proof coins, REALLY love reverse proof coins and, of course, there's the fact that it will be the first (and likely only) Kennedy half dollar ever struck in gold. What's not to love? As for whether it will appreciate in value, I don't really care (although the potential increase in value is how I convinced my wife that I really need to buy one). I can't imagine it not increasing in value, however, unless the price of gold eventually plummets back down to historically low values. I think the high cost (including the premium) will keep the mintage relatively low, and the number of people who will want this for years to come will just keep increasing as more people become aware of it. Some people think it's all about extremely low mintages, but there also has to be high demand down the road. The Perth Mint, for example, puts out mind-numbing amounts of "special, limited mintage" products every year, but unless anybody actually cares about them 10 years from now they will never be anything more than colorized bullion. I truly feel, however, that this JFK gold coin has the potential to be in constant demand 10, 20 and even 50 years from now. |
|
Pillar of the Community
Canada
1747 Posts |
was there specs on the coin? half ounce, 1 ounce?
|
|
Pillar of the Community
United States
5841 Posts |
3/4 ounce, actually.
Denomination: Half-Dollar
Quality: Proof
Composition: 99.99% Gold
Content: .9999 Fine Gold (23.328 grams)
Diameter: 1.205 inches ( 30.61 mm)
Weight: 0.7500 troy oz.
Thickness: 0.085 inch (2.16 mm)
Edge: Reeded
Mint: West Point
Mint Mark: W
Edited by barryg
07/31/2014 6:29 pm
|
|
Pillar of the Community
United States
5841 Posts |
Interestingly, I just noticed on the Mint's web site that there is a household order limit for web and phone Orders of 5, but a limit for retail locations of 2.
|
|
Bedrock of the Community
United States
10982 Posts |
Quote:
Interestingly, I just noticed on the Mint's web site that there is a household order limit for web and phone Orders of 5, but a limit for retail locations of 2. Retail location limit was changed to 1 piece per day for next week. |
|
Pillar of the Community
 Canada
2984 Posts |
I am not too familiar with gold but is 24K gold considered pure gold? I know the Canadian mint say their gold is 99.999% pure. So is 24K gold considered 99.999% pure?
Also, the spot rate for gold today is $1281 per oz, so is there is $960 worth of gold in each coin?
|
|
Pillar of the Community
United States
1373 Posts |
Yes, the golden Kennedy will be worth around $963 once its been bought. Once (or "if") gold goes up to $1655/ounce, buyers will finally have their coin worth what they paid for it.
Personally, I'm not a fan of people who buy coins for the soul intent of making money. If I had enough cash (I don't)I would love to buy one just because I like the looks of it, and probably wouldn't care whatever price it will be worth in the future.
The silver Kennedy 4-pack will be overpriced too, but I may be able to buy one of those.
|
|
Pillar of the Community
United States
919 Posts |
I will watch APMEX and Goldmart to see where they price the 70's as preorders. Last year with the RP Buffalo they were not bad in the beginning. Some as little as $75-100 over. Then as the sell out happened those jumped to $300-400 over and now sit much higher. I doubt I will buy one from the mint. |
|
Rest in Peace
United States
7075 Posts |
tpg22 thanks for that info about the Buffalos. I will be going to the show and I was considering standing in line to get a ticket to get to purchase a Kennedy. But then I saw a Coin World article which stated people would be allowed to line-up for it at 8AM but the tickets would not be handed out until 10:30 or 11AM. Anyway, I think I'll at least take a look at how it's going there but I honestly don't think I could stand in line for very long. I have MS and strong breeze could knock me over. (I am exaggerating.) :) Then there are several options - it seems - for getting them slabbed with First Day stickers...and I was wondering how much that would matter. I was seriously thinking about gettig two and trying to sell one right away, but if they will only sell one at a time, and if the line is really long....I think I'll have to forget about it entirely.
|
|
Pillar of the Community
United States
1272 Posts |
I see this coin adding value but only in the long term
|
|
Pillar of the Community
Canada
2984 Posts |
Only a few more minutes til the gold coin is up for sale.
Right now the site is closed.
Anyone buying it?
|
|
Pillar of the Community
United States
5841 Posts |
I'll be buying it, but first I'm going to go to lunch. Since it's mint to demand, I'm not too worried about them selling out within the first hour...
|
|
Pillar of the Community
Canada
2984 Posts |
The waiting room is 38 minutes for me.
Update: Now it is 1 hr 9 minutes.
Edited by MoneyPenney
08/05/2014 12:09 pm
|
|
Pillar of the Community
United States
5841 Posts |
Hmmm... Looks like it won't matter if I go to lunch or not. The current one hour and twelve minute waiting period should give me plenty of time to go, eat and come back...
|
|
Valued Member
United States
243 Posts |
I was at 1 hour 12 minutes at noon exactly and it went down to 50 minutes at 12:05 and now back up to 1 hour 15 minutes at the moment.
|
| |
Replies: 91 / Views: 12,603 |
Posted 07/31/2014 5:44 pm
