How the US Mint makes over $97.50 per set on Kennedy Half Dollars

A quick viewpoint on something that really  bothers me....   

The US Mint released 300,000 (limit) sets of a 4 pieces Kennedy Half Dollar...  (See the description info below on this coinset)   

Now it may be interesting to some collectors but my feeling is that basically the US Mint is cashing in to the tune of over $29 Million dollars in sales and profits....

Why is this a problem to the hobby, two fold, many folks buy these in the hope to turn a profit which they most likely will not see but my real objection is that the coin market currently is not strong enough in the average low priced coins catagory... 

Dealers are not buying anything other than Silver at below melt and collectors are not buying much if anything at shows..... ask around at your local coin show and you will hear these same comments repeated over and over again.

By sucking out $29 Million the US Mint futher erodes the money that the average collector might have spent at a coin show but instead will not be able to....Understand that the average collector has a budget and times are tough....

  This is something that the US Mint has been doing for the past few years and IMHO just not good for the hobby in general, well lets make it a great day anyway and hope to see you at the Baltimore coin show this coming weekend!   Jon

 

The 50th Anniversary Kennedy Half–Dollar Silver Coin Collection includes four Kennedy half–dollar coins struck in 90% silver in four different finishes, one from each of the U.S. Mint’s coin production facilities. Something special for any collector or the perfect gift!

This beautiful silver four–coin set was designed to commemorate the 50th anniversary of the Kennedy half–dollar first released in 1964. Each coin features the Kennedy portrait design on the obverse (heads) with the year 2014. The attractive packaging is designed to be displayable or stored and protected.

The set includes four Kennedy half–dollar coins struck in 90% silver in four different finishes, one from each of the U.S. Mint’s coin production facilities:

  • One reverse proof coin from the U.S. Mint at West Point
  • One proof coin from the U.S. Mint at Philadelphia
  • One enhanced uncirculated coin from the U.S. Mint at San Francisco. This is a special wire brushing technique implemented in Philadelphia for the first time.  The obverse in the areas of the effigy (portrait), lettering, and border will all receive a heavy laser frosting treatment. On the reverse, the lettering and border will each receive a heavy laser frosting treatment.  Other elements of the eagle will receive a standard (moderate) laser frosting treatment to enhance certain artistic detail. The stars will receive a laser polish technique to accentuate them against the field.
  • One uncirculated coin from the U.S. Mint at Denver

The rich embossed faux leather folder includes an image of John F. Kennedy from the half–dollar design struck on the coins in this set and some patriotic U.S. flag imagery. The U.S. Mint logo appears on the front of the folder and the Department of Treasury seal on the back.

Each set also contains a separate printed Certificate of Authenticity and booklet about the development and design of the Kennedy half–dollar inside the folder.

The four coins with different finishes are encapsulated and secured in coin wells within the packaging. The coins appear from left to right inside the folder: reverse proof (West Point), proof (Philadelphia), enhanced uncirculated (San Francisco), and uncirculated (Denver).

Showing 0 Comments