JFK Coins a Major Test of Unlimited Mintage
Ever since they found out the U.S. Mint would be issuing special JFK coins to mark the 50th anniversary of the release in 1964 of the first Kennedy half dollars, collectors have been eagerly anticipating the coins. They also have been keen to find out how the coins would be released, especially because the manner in which that is done has such a major impact on the long-term value of a coin.
The Mint’s prime objectives are to sell as many coins as possible while also trying to ensure a fair and wide distribution of the coins and to avoid receiving complaints from collectors that they were locked out by dealers. Collectors want to enjoy the coins, while also seeing their value at least maintain itself and preferably increase, while dealers and speculators want to make quick profits.
Most people agree there is plenty of opportunity for quick profits with the gold JFK coins that will be launched on Tuesday online, at the Mint’s Philadelphia and Washington, DC sales facilities, and at the ANA World’s Fair of Money in Rosemont, Illinois, the biggest coin show of the year, where PCGS and NGC will do on-site grading of the coins.
Although many individuals not going to the show were disappointed to learn the coins have no mintage limit, others are relieved that they will be able to get a coin from the Mint. But the key factors here are that the coins will have an initial household limit of five, and two for in-person sales, and that 40,000 coins have already been minted.
Household limits are critical to spreading out the distribution of the coins, giving the individual buyer a greater role in shaping prices, and will hopefully be maintained for as long as the coins are available from the Mint. There will be an early frenzy because of high demand and the fact that buyers know the initial inventory will go quickly. They do not want to wait for the next batch of coins to be made.
Good luck to all buyers!