David Lisot, Producer, CoinWeek.com....
The new Kennedy 50th anniversary gold coin was released at the American Numismatic Association (ANA) World’s Fair of Money in Rosemont, Illinois. The popularity of the coin brought scores of buyers to the convention who waited for hours to buy the new commemorative. Only one coin was allowed to be sold to 500 people each day for the issue price of $1245. Some coin dealers offered to buy the coins for as high as $5000 each from lucky purchasers.
Many people were recruited from Craigslist and paid to stand in line and buy the coins. In this video you will travel from the line outside the Donald E. Stephens Convention Center to the US Mint Booth and to the PCGS grading service that encapsulated the coins.
You will hear from David Hendrickson of SilverTowne, the dealer who paid a whopping $5000 each for the first four coins sold. And you will hear from the lucky buyer who stayed in line all night long to be the first in line.
Copyright © CoinWeek – Chicago – August 2014
American Numismatic Association World’s Fair of Money
The country’s premier coin show and convention, is held every summer at cities around the country. This year the show was hosted in Chicago, Il. The convention features spectacular educational programs and events, and the most stunning collections of early American rarities ever assembled for the ANA’s signature Museum Showcase.
The bourse, which is always sold out, includes the finest rare coin and currency dealers in the world, with special sections for U.S., world and ancient coins as well as paper money. The Mint Promenade will features representatives of world mints from five continents along with collector exhibits.
For more information about the ANA or any of its conventions, visit www.money.org and/or visit the Coin and Paper Money Shows section on Coinweek for the latest information, news stories and calendar of upcoming shows.