Four people from Los Angeles are the first in line to buy the first
gold Proof Kennedy half dollars at the American Numismatic Association
World's Fair of Money in Rosemont, Ill. They have already accepted an
offer of $20,000, and four more gold half dollars in trade, tendered
by two coin dealers, for the coins they plan to buy.
Nick Yadgarov is the collector member of the four from Los Angeles.
Second in line is his girlfriend, Callie Hohlfeld, followed by his
brother Dan Yadgarov and another family member, Rina Maya.
According to Nick Yadgarov, the four are already credentialed,
having preregistered for the ANA convention. That's a requirement for
everyone hoping to gain admittance to the convention in Rosemont,
whether or not they want to buy one of the gold coins. That
requirement will be a problem for many of the 700 and more people
standing in line by 7 a.m. Central Time; Coin World spoke with
some those waiting and learned that many are not collectors. Many of
them were unaware that they have to register at the ANA registration
booth or be preregistered before they can get a ticket for the gold
coins to be offered by the Mint.
The Mint plans to hand out tickets to the first 500 persons in line
who are preregistered to attend the convention. Each ticket enables
the holder to buy one of the gold coins at a price of $1,240. And many
of those in line hope to sell their coins for a profit.
Nick Yadgarov was telling Coin World that as a collector, he
had hoped to retain one of the coins his group planned to buy, unless
something happened. Shortly after, dealers Kevin Lipton of Kevin
Lipton Rare Coin, Beverly Hills, Calif., and David Hendrickson of
SilverTowne, Winchester, Ind., made them an offer they couldn't turn
down: $20,000 for the four coins, plus an additional gold half dollar
for each of the four individuals that they can then keep or sell.
As of about 7:30 a.m. Central Time, Lipton and Hendrickson had not
decided which of the grading services offering special labels for the
first four coins purchased at the ANA show they would use in having
the coins certified. The two dealers do plan to offer the coins for
sale on the television shopping program Coin Vault.
Coin World will continue to update its coverage of sales of the
gold Kennedy half dollar throughout the day.
Coin World staff member William T. Gibbs assisted with this story.