First four gold Kennedys go for $20,000

[jeff of pa]

If you could earn $20,000 by waiting all night outside the convention center hosting the American Numismatic Association’s World Fair of Money in Rosemont, Ill., you would probably do it.That’s the value of being first in line to buy the proof gold Kennedy half dollars that the Mint was to put on sale at the show at 11 a.m. central time.

Waiting in line was simply the first step of a gauntlet of requirements, but it was something that Nick Yadgarov, a coin collector from Los Angeles willingly did. He was accompanied by his girlfriend, Callie Hohlfeld, his sister Rina Maya and his brother Daniel Yadgarov.

- See more at: First four gold Kennedys go for $20,000 | Numismatic News

 

Amazon Forum Fav 👍

How to Research for Treasure Hunting and Metal Detecting From Lead Generation to Vetting - Grab it through Amazon!

[SilverFace]

I just saw that article a little while ago myself. This sure is the popular coin for collectors right now. After waiting online for almost 2 hours earlier today (while I was working) I managed to order 2 of the coins for myself - with a backorder date of 8/20 that may be subject to change. I usually just stick to silver but I suppose I just couldn't resist. Maybe if prices on the secondary market are high enough I might be tempted to sell one. I noticed a few flippers are already selling them on ebay with current bids about $100 over the US Mint sales price.

 

[Marchas45]

To many oz's of Silver to be had for what you have to spend on the Kennedy Half's. So I'll stick to Silver. Keep Stacking

P.S. Look at the big hype for the Baseball Hall of Fame coins and you can buy them cheaper now.

 

[jeff of pa]

Yea I wouldn't spend my Money on Either .
paying that much more then Melt is insanity imo

 

[SilverFace]

Yeah, I agree, you guys are right. I've been staying away from numismatics the past several years for the same reasons you guys mentioned. I kinda let my emotions force me to go against my better judgment with this coin. But since it's a one of a kind 50th anniversary commemorative pure gold coin I keep thinking I can't go wrong. Well, since its still on backorder that'll give me a little more time to think about it and maybe reconsider, which the more time I have to think about it the more I'm likely to do.

 

[Red James Cash]

Its the same as buying something for the name.