This will be the third time that the U.S. Mint has launched a gold coin at a coin show. Last year, the U.S. Mint sold out of the 2013 Reverse Proof 24-karat Gold Buffalo coin at the World’s Fair of Money. They received a secondary shipment which also sold out. Similarly, the National Baseball Hall of Fame commemorative was sold at the Whitman Coin and Currency Expo this past March. It also sold out even after receiving a secondary shipment.
Although past performance does not guarantee future results, there is significant anecdotal evidence that the Kennedy gold coin will also sell very well.
So let’s see what you think. Will you buy this coin?
Are you going to buy the 2014 Gold John F Kennedy Half Dollar tribute coin?
Total Voters: 65
For those who cannot afford gold, the U.S. Mint is planning on producing silver coins with just the 2014 date. The set will feature coins from all four branch mints and include a proof coin struck in Philadelphia, a reverse proof produced in West Point, an enhanced uncirculated from San Francisco, and an uncirculated coin minted in Denver.
Although the U.S. Mint has not announced the price of these coins, they plan to place order limits to prevent the situation that happened with the National Baseball Hall of Fame commemorative coin that appears to have been bought out by dealers.
I will get all the 2014 Kennedy stuff except the gold one. I fully expect it to be overbought and readily available later at a discount to the issue price. Of course, PART of that belief stems from my strong belief that generically gold bullion is still significantly overpriced and due for more price erosion. I fully expect gold to drop below $1000 not all that far down the road. A trip to three figures starting with an “8” per ounce of gold would start me shopping for a Kennedy gold half. If not, I can live without having one.