1964-2014 Kennedy Gold Coin to Start at $1,240

And the starting price for the dual-dated 1964-2014 Proof 50th Anniversary Kennedy Half-Dollar Gold Coin is… $1,240.

That’s how much collectors will need to hand over to get one the 50-cent gold pieces when they launch on Aug. 5 from:

the 2014 Chicago ANA World’s Fair of Money in Rosemont, Ill.;

U.S. Mint retail shops in Washington D.C., Philadelphia and Denver; and

online at www.usmint.gov/catalog and by phone at 1-800-USA-MINT (872-6468).

Online and phone orders are limited to 5 coins per household while in-person purchases at the ANA money show and U.S. Mint shops are restricted to 2 coins. In-person orders are further limited to those who are 18 years and older.

Struck in three-quarters of a troy ounce of .9999 fine, or 24-karat gold, the price for the 2014-W 50th Anniversary Kennedy Gold Coin is based on a London Fix weekly average of gold that sits within the $1,250.00 to $1,299.99 range. The latest weekly average was just 69 cents away from the next higher pricing tier. Every Wednesday the average gets recalculated by the Mint. For each $50 range movement, the gold coin’s price shifts higher or lower by $37.50.

See photos of the 24K Gold Kennedy Half-Dollar.

Buying Kennedy Gold Coins at ANA Money Show

In related coin news, the American Numismatic Association has announced "safety procedures" for United States Mint purchases at the 2014 Chicago ANA World’s Fair of Money. The U.S. Mint previously said that it would sell up to 2,500 gold Kennedy halves at the ANA show, held Aug. 5 – 9, and that there would be a daily limit there of 500 coins. Those wanting a coin will need a ticket. In a news release published Thursday, July 24, the ANA provided the following information about when and where to get tickets.

The line for receiving tickets will form outside of the bourse floor at 8 a.m. each day of the show. There will be signs on site to guide collectors to the correct area. Mint officials will distribute tickets to the first 250 people in line between 10:30 and 10:45 a.m. each day. At 11 a.m., collectors with tickets will be led onto the bourse floor through a special side entrance that will take them directly to the U.S. Mint booth to complete their purchase. Collectors are reminded that proper credentialing is required to enter the convention hall at the World’s Fair of Money. Collectors who are not credentialed will be asked to leave the ticket line.

Price Reduction for Other U.S. Mint Gold Coins

Finally, the latest average of gold marks a $50 drop from the previous pricing range, which means all numismatic gold coins from the U.S. Mint are now cheaper. Here are the coins and their lower prices:

Numismatic Gold Coin Products From To 2014-W Proof American Gold Buffalo Coin $1,690.00 $1,640.00 2014-W Uncirculated American Eagle Gold Coin (1 oz) $1,625.00 $1,575.00 2014-W Proof American Eagle Gold Coin (1 oz) $1,660.00 $1,610.00 2014-W Proof American Eagle Gold Coin (1/2 oz) $845.00 $820.00 2014-W Proof American Eagle Gold Coin (1/4 oz) $435.50 $422.50 2014-W Proof American Eagle Gold Coin (1/10 oz) $185.00 $180.00 2014-W Proof Gold Eagle Four-Coin Set $3,075.00 $2,982.50 2013-W Proof First Spouse Gold Coins $865.00 $840.00 2013-W Uncirculated First Spouse Gold Coins $845.00 $820.00

2013 First Spouse Gold Coins include the 10 uncirculated and proof coins honoring former first ladies Edith Roosevelt, Ida McKinley, Edith Wilson, Ellen Wilson, and Helen Taft. The available 4 uncirculated and proof 2014 First Spouse Gold Coins honor former first ladies Florence Harding and Grace Coolidge. These coins are available at www.usmint.gov/catalog.