We see the lines all the time when fans of a specific product will camp outside for i’s releases. This is especially true when there is a limited number of said product available. sneaker shops, phone retailers and concert halls are the usual scenes for these scenes when fans want tickets, the new Jordans or Air Yeezys or the new iPhone. Last night, hundreds of Americans camped out for limited edition Kennedy half dollars struck in gold. The coins are being released for the anniversary of the Kennedy half dollar.
Mint locations in Philadelphia, Colorado and Washington, DC will have 500 coins each available today with 100 available each day for the next three days. They will also be available at the 2014 Chicago ANA World’s Fair of Money. Each coin is the traditional Kennedy half dollar design struck with three quarters of an ounce of .9999 gold and has a $1240 price tag. There is a one coin limit per customer at the time being.
Collectors have been grabbing theirs left and right. Some are paying people to purchase coins on their behalves. Others are taking their purchases straight to eBay, fetching as much as $1800 for theirs.
More info can be found here.