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Mint cuts ANA limit to 1

The U.S. Mint has decided that a purchase limit of two gold Kennedy half dollars is too many. It has just announced it will cut this limit to one coin per person at its booth when sales begin Aug. 5 at the American Numismatic Association World's Fair of Money.

Online purchasers will still be able to purchase up to the household limit of five coins when sales begin simultaneously with the ANA offering at 11 a.m. Central Standard Time.

The Mint will offer 500 gold Kennedy halves per day at the convention.

It will also offer the coins over the counter at its three other sales points at the Denver Mint, the Philadelphia Mint and the Mint headquarters in Washington, D.C. The purchase limit at these sites has also been reduced to one.

Overall, the Mint as approximately 40,000 coins ready to go and can strike more if needed.

The price for the gold Kennedy has been set by the Mint at $1,240.