50th Anniversary Kennedy Halves

jbuck, you dont know how happy it makes me! Order has been placed. Now I am going to be like a kid waiting for Christmas. LOL

I have been watching the price of gold and at today's closing it was $1,217.2o and the price of gold Kennedy is currently $1,202.50. Which means a premium of approximately $300 to the government.

So for my part I'm still not sold that I need this coin in order to have a complete set. The Half-Dollar Uncirculated Coin Set I believe is already part of the Uncirculated proof set. Therefor I believe that the only additional set I will need is the forthcoming 5 coin silver set. This would keep my set up to date in my eyes.

However congratulations to smokeriderdon and vacookery on their purchase of the gold Kennedy.

I wonder how many people out there are like me and feel that the gold kennedy is an unnecessary addition to their sets. I mean I would like to have the coin but I don't feel that it is a necessity but rather an extra.

The $300 premium is, at current spot of $911 (for .75 ounce), a 35% markup. Consider packaging, manufacturing, marketing, and other costs of doing business on top of the intrinsic metal value, that's not really a bad markup for a coin that likely will only be minted one time. Ever. Even considering the 1-oz American Buffalo at $1590 is "only" a $350 markup (29%), I don't see how you can go wrong with the Kennedy from a numismatic perspective if it fits in your budget.

The silver set (4 coins, not 5) will be much, much worse from a markup perspective. $100 for $30 worth of silver; a $70 premium. And $30 is being very generous considering current silver prices. Regardless, that's a 233% markup. Ok, the packaging and manufacturing are a greater percentage of the selling price relative to metal value than for the gold coins, but still.

I realize it's a scale of economy here. Buy what you like (as HOLLYWOOD said) and what you can afford. I'm just pointing out some numbers and reminding people of cost of doing business vs. spot.

Congrats to those who have picked this up. I hope you enjoy opening it up as much as I did. Now I know what was in the trunk in "Pulp Fiction".

It's late, I've had wine, and this post contains a lot of math. Please excuse any pompous or obnoxious-sounding comments or bad calculations.

ghost, as has been said ad naseum, the mint is not the government in the sense of that statement. And that aside, as I said before, do you really expect to pay the value of a 3/4 ounce lump of gold for a UNIQUE proof coin? To me, that is an extremely unrealistic expectation.




I am in the air on that one. I am leaning towards needed. Its a Kennedy. It should be part of a complete set. But I DO see how you would go the other direction. When I thought I was not going to be able to get it any time soon, I felt a hole in the Kennedy collector part of my soul.




All of the 50th coins are unique and not available outside of their packaging as these are the only coins with the original 1964 design.




Thank you sir!

The price for the gold Kennedy was dropped by the Mint to $1202.50.

Well, I mentioned in the other gold Kennedy thread, they are not doing anymore expedited shipping until Oct 1. This system change they are doing is obviously all pervasive. The rep did not sound too enthusiastic about having to learn an entirely new system.

My order went in too late to get into the last batch of expedited packages. No shippy until Oct 1!

You mean like this page?

http://www.usmint.gov/about_the_min...sStatistics/

It's on the 3rd or 4th page:

Category Code Product Sales to Date Availability
Precious Metal Products K15 2014 KENNEDY ANNIVERSARY GOLD COIN 63,567 Y