US Mint Stops Sales Of Gold Kennedy Coin At ANA Show!

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Author	Replies: 3 / Views: 1,617
westcoin Pillar of the Community United States 9792 Posts	Posted 08/08/2014 05:58 am Just had word of this sent to me early last night by my pal and ANA governor Michael Ellis and now officially confirmed: http://www.money.org/blog/Sales-Hal...ennedy-Coins I think it's a good thing, he said it was out of control. The TPG's have created a market of greed by having these first strike/first day of issue labels. These coins won't be worth it in the long run, I'd bet on it. how many will go into circulation? NONE. In 50 years every one of them will be high grade and saved in the condition like the day it was created. My 2Â¢ on it. Let the ANA show get back to basics of educating, trading, exhibiting, and spreading fellowship among coin, currency, token, medal, collectors again. Anyone wanting a Kennedy coin can still order them from the mint, there is, so far, no mintage limit. The Mint has said they will have over 100K struck in gold by October for sale. P.S. Saw this was posted in the thread below about sales starting on Aug 5. THought I'd leave the post here for anyone that didn't know reading in the morning after you woke up. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 Edited by westcoin 08/08/2014 06:15 am Report this Post to the Staff

CherreePicker Valued Member 440 Posts	Posted 08/08/2014 07:42 am Rare = no Rare in high grade = Uh No. First Strike issue labels=marketing scheme Report this Post to the Staff
Foxwoods Man Pillar of the Community United States 4901 Posts	Posted 08/08/2014 07:42 am Article was in Coin News yesterday. They are planning to mint 6,000/week with a goal of 75k by October 1st. No mention if this is a final number or just a time goal. edited to add: It does sound like it is NOT a final number: Quote: The United States Mint indicated that they have all of the necessary raw materials to initially produce up to 75,000 of the gold half dollars. The Mint will continue to procure additional raw materials in order to fulfill all demand for the product. Edited by Foxwoods Man 08/08/2014 07:44 am Report this Post to the Staff
Dar Pillar of the Community United States 1476 Posts	Posted 08/08/2014 1:55 pm Quote: Westcoin wrote: Let the ANA show get back to basics of educating, trading, exhibiting, and spreading fellowship among coin, currency, token, medal, collectors again. I COMPLETELY AGREE ! Dar Report this Post to the Staff
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