Gold Proof Kennedy half dollar news dominates headlines: Week's most read

Coin World looks back at the five most popular new stories from the last week
By , Coin World
Published : 08/08/14
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It’s time to catch up on the week that was in numismatic insights and news.

Here they are in reverse order:

Coin World is looking back at its five most-read new stories of the week, according to reader metrics. Click the links to read the stories.

5. U.S. Mint to issue a 2015 Reverse Proof set, according to Mint officials: Details of the program were released in an exclusive interview with Coin World.

4. U.S. Mint to have 75,000 gold Kennedy half dollars available by Oct. 1: The West Point Mint is striking the 0.75-ounce .9999 fine gold half dollars at the rate of 6,000 per week.

3. U.S. Mint ends in-person sales of gold Kennedy half dollars: Mint officials cited security and safety issues as the reasoning behind the surprising decision.

2. Collectors, dealers who redeemed silver certificates between 1964 and 1968 received granules in return: Coin World staff responds to its audience in its Readers Ask column.

1. First gold Kennedy half dollar sold at ANA convention resold for $100,000: The dealers who bought the coin for $5,000 sell it to a longtime customer.

Keep up with CoinWorld.com's top stories as they are published:

 

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3 comments
You and I know that 100,000 for an ungraded and mintage unknown coin is idiotic.
By the way, my name is Steven Genovese - not unknown.
That's an interesting number because I was in line with one of the good guys here Illini420 and we had the luxury of spending the night outside and the group in front of us liked to talk. This was the lady with the 7 month old baby in tow. She said that her parents were dealers at the show and that they were there trying to get only 200 coins. I think she had her initial group, and another group up ahead in the line. They seemed to have lots of credentials and some were blank. I know at one point there was some confusion and panic in their group and others day 2 when they (the mint) announced the would be double checking credentials against governement issued ID's. They had said "they weren't doing that yesterday" I heard one of them say you hey you spelled my name wrong. That was followed up with a search for a pen...which later became the need for a Sharpie like the ones used by the ANA staff.

It is my understanding later that this gal with the baby was behind the dealer table with her family and the baby and she indicated that they only got 85 coins. I can bet there were not too many dealers set up at the show with Babies and I'm certain people know who they are.

Keep in mind, I would consider this bunch only a small group compared to the big organizer involved in what I considered a war room effort to buy "hundreds" of coins. I watched their counters walk back and forth so that they would know their exact position at all times. Need another 10-40 coins, no problem, they would just conveniently deliver a tray of coffee and a box of donuts and slip 5 in line here and 5 in line there and openly hand out lanyards to the new additions. It wasn't hard to figure out once I got it out of my head that perhaps they were show staff. All in all I had a blast hanging out with Mike and that sure made my whole trip memorable.