Gold Kennedy sells for $1,101 after ‘rough few months’
- Published: Dec 9, 2014, 6 AM
The following post is pulled from Coin World editor Steve Roach’s Market Analysis column in the Dec. 22 issue.
This past spring saw the introduction of the 2014-W Baseball Hall of Fame commemorative copper-nickel clad half dollars, silver dollars and gold $5 half eagles. While hundreds of thousands of the half dollars remain available from the U.S. Mint, the other two denominations registered a quick sellout. Also still available is the coin of the summer, the 2014-W Kennedy gold half dollar. However, as recent auctions show, collectors looking to add one of these handsome gold half dollars to their collections may do well to look at the secondary market.
This week’s Market Analysis posts look at three examples of 2014’s big releases that recently sold:
The coin: 2014-W Kennedy gold half dollar, Proof 70 Deep Cameo
The price: $1,101.10
The story: It has been a rough few months for the 2014-W Kennedy gold half dollar. The U.S. Mint had high expectations for the gold half dollar when it launched the novel coin this past August at the American Numismatic Association World’s Fair of Money.
Unfortunately, both the Mint and the coin received negative attention from mainstream media, following the huge premiums paid for the limited number of coins released at the show, and this has seemed to dull collector excitement for the issue.
With the falling price of gold during the time period, the prices for these half dollars have declined over the past several months. As of Nov. 16, just 66,859 have been sold (it’s telling that a majority of the sales came in the first few days).
For those looking for an example for their collection, they are currently less expensive in the secondary market than from the U.S. Mint. For example, on Nov. 25 the Mint was charging $1,165 for one. Alternately, a Professional Coin Grading Service Proof 70 Deep Cameo example sold for $1,101.10 at a Nov. 23 GreatCollections.com auction.
Read the rest of Steve Roach's Market Analysis:
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