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V17 2014 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 17, Number 42, October 12, 2014, Article 14

GOLD KENNEDY HALF NUMBERS DON'T ADD UP

Harvey Stack pointed out this Coin World article by Paul Gilkes on the curious math of certifications for the gold Kennedy half dollars. Thanks to CW Editor Steve Roach for helping me find the article link. -Editor

Kennedy_gold_coin The numbers just don’t add up.

The cumulative totals of Proof 1964–2014-W Kennedy 50th Anniversary gold half dollars reported graded and encapsulated by Professional Coin Grading Service, Numismatic Guaranty Corp. and ANACS during Aug. 5 to 7 sales at the American Numismatic Association World’s Fair of Money in Rosemont, Ill., exceed the number of coins offered and reported sold by the U.S. Mint by 613 coins.

The ANA-show grading numbers, 1,136 coins for NGC, 947 coins for PCGS and 30 gold half dollars for ANACS, total 2,113 — 613 coins more than the 1,500 coins the U.S. Mint offered and sold at the show.

The discrepancy is apparently the result of coins being submitted at the ANA show for certification that likely had actually been purchased at one of the three other sales outlets offering the coins and then forwarded to the Rosemont location for grading and encapsulation. Grading services certifying coins sold at the ANA convention operated under different policies, with two requiring sales receipts showing that the coins had been sold at the show, and one firm not requiring the receipts.

The numbers discrepancies were first reported online in an Aug. 22 article by Charles Morgan on CoinWeek.com.

At The E-Sylum we focus on the coins themselves and their history, generally passing over discussions of grading and certification. But the brouhaha over the Mint's sales policies, dealer behavior and certifications are a big part of the history of this coin. Sorry we missed these articles. Below are links to both the CoinWeek and Coin World articles. -Editor

To read the complete Coin World article, see:
Sales versus certified: numbers for Proof gold Kennedy 50th Anniversary half dollars don’t match (www.coinworld.com/insights/kennedy-gold-proof-half-certification-sales-mismatch.all.html)

To read the earlier CoinWeek article, see:
The Kennedy Gold Proof Launch and the Modern Coin Market (www.coinweek.com/coin-clubs/american-numismatic-association/kennedy-gold-proof-modern-market-numbers-add/)



Wayne Homren, Editor

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