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
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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