A lesson on HOF Coins

We have little idea how long the concave /convex dies will last in striking. If the lifespan is too short, the mint might choose to not repeat such, and the HOF coins might be the only examples. If delivery delays increase rather than decrease, it might be a good sign. I think their numbers are 'intended' rather than completed.

 

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Josh, don't you pay no attention to Kentucky or Mike Noodle. We all knows what you is saying. I thunk your article was better than any thing them 2 has ever wrotten?

 

The French Mint issued its first "coins" in that concave or convex style (Astronomy Year) back in 2009. And it will issue new pieces in that style in about a month (World Cup). So if the US Mint also waits five years between the first and second issue, the next American one with such a shape comes in 2019.

Christian

 

Since they minted 1000 gold coins and max of 10,000 silver coins, I would think they would have much less die wear

 

And this year only 500 gold pieces will be made. Well, the nice thing about such surcharged collector coins, be they from the French or the US Mint, is that the prices usually take such extra cost into account. The crucial question is, will collectors be (and continue to be) interested ...

Christian

 

Josh: Glad to hear you were able to profit quickly off your HOF silver coin. Your write-up is ok, but the first part was really just info one could find on the US Mint site, mintnewsblog.com, or with a quick Google search. I would have liked to see more substance from you in the future analysis part. People on other sites have already done advanced stats tracking eBay sales and numerous other key factors and their write-ups/reports are quite impressive. Whether they are right or not...who knows? In fact, nobody know 100% how these will perform exactly over time just like anything else in life. Many US Mint issues are hyped, but most items fade away especially when the next hot item comes out (perhaps the Kennedy gold coin in this case). I do not think anyone has ever said these are the next Morgan dollars. The only place I heard something like this was from someone on CT who collects Morgans, does not like the HOF coins, and was trying to emphasize this in comparison. Good luck with your numismatic writing. TC

 

There wasn't really much analysis. It just seems like opinion with nothing there to back it up. You could compare it to other high mintage issues that spike in value then fade (there are tons of those, it's pretty common).

 

You left out the most important item the US Mint had made in conjunction with the baseball coins.

The Bag!

 

You're forgetting that some baseball fans will decide to purchase one, that some commemorative collectors might also consider one, members of the actual Hall Of Fame may desire one, families of HOF members, children who feel a strong connection to baseball, as well as non-coin collectors who like the novelty of the coin.

Only time will tell, but this particular coin will have a broader appeal than you might estimate. Including a fair number of speculators. We'll have to wait and see, but as long as the coins remain back ordered, it suggests higher demand.

 

One other aspect that can encourage higher prices is the grade........PF70UCAM(DCAM) or MS70PL can sell for ridiculous premiums (if the POP's aren't too high) and PF69UCAM or MS69PL might barely recover the costs of grading.

Chris

 

Maybe yes, maybe no! Look what happened to the USMC Commem.

Chris

 

Yes, I have left out that the high demand for these coins is mostly because everyone wants their mint bags. Bzorak has 3 of them now.

 

looks like L&C coins are already on the move with graded HOFs take a look here

 

Josh,

All too often, you will find retailers advertising new releases BEFORE they even get them back from the grading services. They rely on the law of averages to guestimate how many they will receive.

Chris

 

It will probably be a wok so everyone can cook their caviar sunny-side-up.

Chris

 

Announcement: Work has now begun on my next educational thread. I may post later tonight or within a few days. I'm not so sure how long it will take.

 

It's a never ending job.

 

Not really. I dropped out of high school because of my english grades. I have written two books, and I've been the editor/publisher of a club newsletter for over ten years. I wrote articles for the newsletter for ten years before that.

I would suggest you have someone else proof read your articles as well. Doing your own proof reading helps, but since you know what you intend to say you will have a tendency to skip over some of the errors. You will "read" things as you intended to say them, and not how they are written.

 

That's interesting. I am not sure about having someone else proofread my work. It does not seem to that big of a deal with the CT Community. I'll do my best work on this next thread that is in the works and decide after that.

 

Proofreading postings to a website is no biggie and can be done by yourself. It is only when you are wanting to go mainstream that polish counts. This IS however a good place to practice.