Insights

United States Mint gears up for Aug. 5 sales of Kennedy half dollar in .9999 fine gold

Releases images, pricing grid
By , Coin World
Published : 07/10/14
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The U.S. Mint has released its first photos of a production example of the Proof 2014-W Kennedy gold half dollar in the Mint’s 50th Anniversary program for the half dollar. 

In addition, the Mint published a pricing grid for the gold coin in a July 3 notice published in the Federal Register.

The gold half dollar goes on sale at noon Eastern Time Aug. 5. Initial pricing for the coin will be announced shortly before the coin goes on sale.

The 30.6-millimeter diameter Proof Kennedy gold half dollar coin contains three quarters of an ounce of .9999 fine gold, which is reflected on the coin’s reverse as 3/4 OZ. .9999 FINE GOLD. The inscription is positioned below the eagle’s tail feathers and legs. 

The pricing grid announced in the Federal Register notice establishes the product’s sale price when the London Fix weekly average gold price falls within a specific range.

For example, should the London Fix weekly average gold price fall between $1,350 to $1,399.99, the retail price by the Mint would be set at $1,315. (The London PM Fix for gold July 10 was $1,340.25.)

Pricing can vary weekly dependent upon the London Fix weekly average gold price. Pricing is evaluated every Wednesday and is modified if necessary, according to United States Mint officials.

Collectors will have their first opportunity to pay for and receive in-person from the U.S. Mint the Proof gold coin at 11 a.m. Central Time Aug. 5 at the American Numismatic Association World’s Fair of Money in Rosemont, Ill.

Restoring the Kennedy portrait

The portrait on the Proof Kennedy gold half dollar’s obverse is derived from Chief U.S. Mint Engraver Gilroy Roberts’ original 1963 sculptured model of President Kennedy that was adapted for use on the Kennedy half dollar as introduced in 1964.

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