A lesson on HOF Coins

Agreed.

 

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The Colonial coins post is definitely going to take a lot of work. so far I got through the early boston mint 1652 coins.

 

I didn't see any mention of the enormous PR campaign that the Mint put on for this coin. That's a large reason behind the huge demand for the coins in its various denominations. I would have liked to see some comparative analysis against other commemoratives' PR campaigns and resultant sales (or lack thereof).

Other social elements, such as the state of the economy, may have a correlation, too, but that may get too far in the weeds...

 

@Peter T Davis what do you think about making this thread featured?

 

Did they do one? I've seen almost no advertising for the program other than in the numismatic publications.

 

There were articles in several major journalistic publications/websites to include Wired, dailymail, USA Today, FOX News, Marketwatch... to name a few

 

FWIW, I'm beginning to agree with your basic analysis, Josh. Since it seems that many of the 50,000 or so Gold coins haven't been minted yet, there are likely to be plenty to go around in the long run (except for those encapsulated first strike 70's I suppose). And even more of the silver coins. One thing that makes rare coins valuable is that they are rare. The other, of course, is demand/popularity. In many cases that happens because so many are circulated and become worn or destroyed. Most of these coins aren't likely to be destroyed or damaged - ever. Dustin Pedroia Bobbleheads will have far lower survival rates than these things. I suppose the example of the 1907 High Relief double eagle is somewhat contrary to that, since there are so many of them (8,000 ish?) and very few, if any were ever circulated - but I have to say that I really don't understand why they continue to bring such extreme prices. A high price, yes, but there seem to be plenty of them for sale and they still get 25 to 30K or so for them, or so it seems. Whereas, I noticed a couple of 1840 $2.5 gold coins (of which maybe 80 survive) that sold recently - one cleaned and uncertified for $350 and one certified AU50 for $1800. Go figure - just not popular I guess. So, while I think I would bet on your analysis being correct - and the long term price moving somewhat along with the precious metal market - I am at a loss when it comes to understanding what people will or won't pay big bucks for!

 

I just checked the PCGS populations on the two $5 gold coins. There are 40+ different labels for each of these coins. There are a bunch of autographed labels with players being added monthly. I think between the coin collectors and the label collectors these will be a long term winner. The graded 70s are going to do well imo. A unique one of a kind coin with over 50 different PCGS labels by the time the Worlds Series rolls around.

Can you see this coming soon ?????????

PCGS $5 HoF ALL STAR TEAM REGISTRY SET


Heck, I'd like to have the Bob Gibson or Pete Rose coin/label.

 

Sounds more to me the way to kill interest in the coin. Sink over $30K into a collection of 50 of the exact same coin just because the labels are different? I think even you rabid label collectors will draw the line on this one.

 

Sounds to me like people are buying the plastic and not the coins

 

Seems to me that 50,000 gold coins sold out in about 24 hours. The only plastic involved was the Mint capsule. They bought coins not plastic.

I've searched Ebay and have not found 1 empty PCGS/NGC empty plastic holder for sale. So, what's this buy the plastic not the coin? Has anybody bought a graded Hof coin and cracked it out and tossed the coin in the trash and kept the plastic?

 

Not likely Stew. When they got their plastic they got their precious 'designation'

Happy indeed with a mint capsule.........

 

I finally got my hof unc silver this past Friday. looks like I probably got someone's rejects. The person that bought it on eBay demanded a refund after I gave him news of the mint back ordering me by a month.I'm thinking about getting it graded, it will probably get a MS-69 designation. But how does one get these special signature labels?

 

You cant. You have to be an approved dealer with PCGS. Only a certain amount of dealers can get those.

 

My gold unc. finally arrived and I can't find any breaks in the luster so maybe a good shot at a 70. I did sent my Proof HOF S$ to NGC and that graded PR70 it shold be back in a day or two

 

Someone on Craig's list in my area offering HOF proof and Uncirc for $230. Good deal or not?

 

If gold, then yes.

 

Good deal if it's gold. Way too high for silver, imo.
I would say now is the time to buy. Silver down and a flooded market, for now.

I bought 10 proof silver dollars and took them to work and offered them for $53, my cost. Sold all of them that day, 1 guy bought 3 for his sons. I could have sold 50. They were 69/70s, no bad ones. They had never heard about them until that day.

Oh yeah, they all paid me $55 each for them so I bought my crew a couple of pizzas for lunch with that huge profit.

 

Buy them from the big bulk submitters who have connections.