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2014 Clad High Relief Kennedy Low Grades and High Auctions

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LJRambo111

1,184 views

2014 Kennedy D SP69 Auction hits 2,550.00 on Ebay

I purchased my 5 sets of clad Kennedy's and bought two sets at the ANA Chicago show. I was very lucky to get a 2014 P SP69 and a D SP68 from NGC. I was really surprised to see how low the grades were in the population report.

 

 

 

Acorrding to NGC's population report there are only 18 sp69's with a P mint mark and only 11 sp69's with a D mint mark. I had a tough time finding this population report because they are under the PF sets.

 

 

 

One auction I saw on Ebay went to over 2550.00 for the 2014 Kennedy SP69 D.

 

 

 

http://www.ebay.com/itm/-/261580758176?roken=cUgayN

 

 

 

I'm baffled why someone would pay this much money for a $5.00 clad Kennedy. The US mint still has a limit of 5 sets per household, but I'm sure they will lift the limit soon. What happens when the limit is lifted and people grade a bunch of these coins looking for a high grade? Am I wrong wondering why someone would pay $2,500 for this coin?

 

 

 

 

 

Worse yet ANACS has graded 1,964 sets of the SP69 kennedy's for their first day label. NGC's population must be close to the real percentage of 69's but people are scarfing up The ANACS sets for 300 a set. Scratching my head. Are people just buying coins without doing their research

 

 

 

Am I wrong feeling that once the limit is lifted NGC will get a bunch of these coins graded and the population will increase for the SP69's?

 

 

 

Why would anyone put credence in ANAC's SP69 sets? Really? 1,964 sets for their first day label? I'm sure a cross grade would show different results.

 

 

 

Is ANACS getting more like ICG now?

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