The United States Mint has made the decision to suspend sales of the 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coins at all four retail locations where the coins had previously been available.
The coins, which are struck in 3/4 of an ounce of 24 karat gold and contain the original portrait design of President John F. Kennedy, will ultimately be produced to meet demand. The desire to purchase coins and have them in hand immediately drove long lines and crowds at the physical locations where the coins were offered.
In order to ensure the safety of those seeking to purchase the coin and the Mint’s own employees, the decision was made to suspend sales of the gold half dollars at three retail locations in Philadelphia, Denver, and Washington, DC. In a separate announcement, the Mint also announced the suspension of sales at the ANA World’s Fair of Money in Rosemont, Illinois.
Despite the suspension at all retail locations, orders for the coins are still being accepted through the US Mint’s website and call center, with an ordering limit of five per household.
Shown above is a scene from the Philadelphia Mint where a limited allocation of 500 coins were sold on the first day of sales on August 5 and an even smaller allocation of 100 coins was made available and sold on August 6.
There was a similar scene at the Denver Mint where sales were also 500 coins on the first day, followed by an additional 100 coins on the second day.
At the sales counter at the United States Mint headquarters in Washington, DC, first day sales were 376 coins, followed by sales of 228 coins on the second day.
In the ANA convention held in Rosemont, Illinois, the lines extended overnight to lengths well beyond the 500 coins made available for each day of the convention. On the first day, convention sales were 493 coins, followed by sales of 488 on the second day.
Adding to the limited sales at retail locations were another 58,915 coins ordered by the United States Mint’s website or call center, bringing cumulative sales for the first two days of availability to 61,700 coins. This amount already exceeds the Mint’s initial production amount.
“The Mint is very proud to have produced over 40,000 of these beautiful coins,” said United States Mint Deputy Director Dick Peterson. “We will continue to produce 6,000 of the coins per week for the next several weeks and continue to assess demand. We are committed to maximizing access to these products.”
The United States Mint indicated that they have all of the necessary raw materials to initially produce up to 75,000 of the gold half dollars. The Mint will continue to procure additional raw materials in order to fulfill all demand for the product.