2014 50th Anniversary Kennedy Half Dollar Gold Proof Coin

by TheCoinKeeper on August 12, 2014

gold-kennedy-proof-coin-obvIt has been over 50 years since President John F. Kennedy served in the White House, and the half-dollar was created to honor and memorialize his service. To further honor President Kennedy, the United States Mint has struck a three-quarter ounce gold proof coin. On August 5, 2014, the Mint started selling the 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coin. This gold coin is one of three new coins being issued on the 50th anniversary.

Throughout the years, President Kennedy's image on the half-dollar has gone through slight modifications. For this gold coin, the Mint restored the image to its original portrait design. This idea to restore the image was conceived by Michael Levin who is an employee at the San Francisco Mint. Changes on the image have included details that represent the President's face and hair. To truly represent the image of President Kennedy, Mr. Levin felt that the original portrait would reflect the real man. Deputy Director Richard Peterson agreed and started a process of redesign which led to the coin that you see today.

All of the gold proof coins will be struck at the West Point Mint in 24 karat gold. The coins replicate the thickness and diameter of the standard half-dollar, and the price will be based on a floating grid that follows the value of spot gold. Initially, coins are being sold for $1240. These prices will change if spot gold fluctuates.

Mintage for this coin is being set without a maximum amount. The Mint has already struck an inventory of 40,000 coins, but those coins have been sold.

On the obverse side of this beautiful coin, an original portrait of President Kennedy is featured. The coin was designed by Gilroy Roberts who is a Chief Engraver at the United States Mint. Around the edges of the gold coin are the words, “Liberty,” “In God We Trust,” and the dual date “1964-2014.″ This dual date signifies the 50th anniversary of the Kennedy half-dollar, and the gold coin is the only numismatic product to have this distinction.

gold-kennedy-proof-coin-revThe reverse image is based on the Presidential Seal. It was created by United States Mint Engraver and Sculptor Frank Gasparro. In the center of the image, a Herasldic Eagle appears. It's adorned with a shield and clasping a bundle of arrows and an olive branch. 50 stars surround the Eagle and represent the 50 states of the Republic. The precious metal weight of three-quarter ounces is listed as well as the designation of .9999 fine gold.

The 2014 Kennedy Half Dollar Gold Proof Coin is packaged in a hardwood presentation case constructed of brown mahogany hardwood. Each coin comes with a Certificate of Authenticity and can be removed from the enclosure.

Opening day sales for the JFK Gold Coin reached 56,694 units. There was definitely demand for the coin, and the initial inventory of 40,000 coins was quickly snatched up. As stated before, the coins have no maximum mintage and will be produced to meet demand. Some investors and coin collectors frown on this decision as it usually holds down premiums for coins. It does however, allow the coin collecting community a chance to purchase this numismatic unit if they so desire--no one should be locked out of buying it.

In the future, the United States Mint will be offering a Jacqueline Kennedy First Spouse Gold Coin. That coin will also weigh three quarters of an ounce and would make an excellent pairing with the 2014 Kennedy Half Dollar Gold Proof Coin. If you are a member of the coin collecting community, be sure to keep your eyes open for that offering.


2014 Grace Coolidge First Spouse Gold Coin Release

by TheCoinKeeper on July 18, 2014

Grace-Coolidge-gold-first-spouse-coinOn July 17, 2014, the United States Mint began selling the 2014 Grace Coolidge First Spouse Gold Coin. This is the second coin in a series that's been released in 2014. The 2014 Florence Harding First Spouse Gold Coin was just released last week.

On the obverse side of the coin, there is a design that portrays First Lady Grace Coolidge. The design was created by Joel Iskowitz, and it was engraved by Phebe Hemphill. Underneath the First Ladies portrait is the inscription, " 30th and 1923-1929." This indicates the presidential order and the term that Grace Coolidge served.

Grace-Coolidge-gold-first-spouse-coin-reverseThe design on the reverse side of the gold coin represents the deaf community and sign language. There are three hands in the image that are signing the letters for USA. Underneath the hands is the inscription "USA." An image of the White House is seen in the background. The clients 1/2 ounce and .9999 fine gold purity is indicated around the outer edge of the image as well as the inscription, " United States of America."

Pricing for the 2014 Grace Coolidge First Spouse Gold Coin is said that it hundred $845 for the uncirculated coin and it hundred $865 if you're in the market for the proof version. These prices will fluctuate if spot gold prices change. The Mint figures the cost of the coins based on a weekly average price for gold.

The combined total of 10,000 pieces is the maximum mintage set for this coin. Customer demand will determine the number of uncirculated and proof coins that are struck.

The Florence Harding coin received sales of 1,481 coins initially which included 574 uncirculated 907 proof versions. This is a lower amount when compared to the Edith Wilson coin which was released before the Florence Harding coin. Sales for the Edith Wilson gold coin were 1,970. What you think the initial sales for the Grace Coolidge coin will be? Possibly, it will be lower due to the fact that this coin is being released so close to the last First Spouse Gold Coin.

There's plenty of time to buy this gold coin, but the price of gold has been volatile lately. If it goes up, the cost of this coin will head higher too.


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