Baseball HOF Coins most significant coin of the century

Discussion in 'US Coins Forum' started by bkozak33, Apr 10, 2014.

  1. GoldIRA

    GoldIRA Active Member

    You know when a new style of vehicle or truck comes out and you just can't decide if you really like the look or not, that's the HOF coin.

    I think some people will like the look instantly because it's new and different but others will be slow to come around. IMO, as long as this remains the only curved coin, it will win the hearts of most collectors over time.

    Give it some time and I'll bet most will want at least one variety for their collection.

    Ask me about holding real physical precious metals in an IRA or HSA plan.
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  3. saltysam-1

    saltysam-1 Junior Member

    It will be an unique coin to have for it's curved surfaces. That's what makes it desirable, not the design on it. A must have? No. The 5oz. hockey pucks fall into this catagory as well. Many thought these would be must-haves. They were the first of their kind as well. I'm not sure it will even become a key in the modern commemorative program. That's it's first hurdle to over come. IMHO.
  4. I love this discussion because nobody can possibly know for sure what will be the "must have" coins of the future. However, from what has been released in the past 50 years, the HOF coins and the 5 oz. ATB coins (and the 2009 UHR gold and 2008 fractional gold buffalos) have to be near the top of the list due to unique size and shape. I cannot imagine a sudden surge of interest in Ike or golden presidential dollars, clad proof sets, etc. Time will tell.
    fiatfiasco and saltysam-1 like this.
  5. jack92029

    jack92029 Member

    I feel that the best gauge of what is a "Must Have" coin is the premium paid on the coin years after release. The 1995W ASE comes to mind as one of these coins.

    The premiums on the HOF I feel are artificial, and created by pumpers, who made a quick buck on coins with high mintages vs similar coins.

    Most proof ASE have mintages of approx.400-900k so the 30K+ of the 1995W makes it a true key date.

    The 32K of the proof gold HOF is more than 10x the mintage of other First Spouse proof coins and not very low mintage by comparison. The Silver HOF coins have high mintage, so I don't see the premiums holding up for very long.

    The HOF is an interesting shaped coin with a hefty mintage, so the premium will fade once the Mint ships all current orders.

    Not a Must Have IMHO
  6. Phil Ham

    Phil Ham Hamster

    I will also vote for one of the collector pucks as the best thing out of the mint in the past decade. I bought a silver proof HOF but only because of the hype. I really like the pucks.
  7. jack92029

    jack92029 Member

    I also ordered a Proof Silver and Gold HOF coin, but like many of the coins in my collection that is much different than acquiring a "Must Have" coin.
    I also like the 2008 Silver American Bald Eagle dollar I have, but it also isn't a "Must Have" coin. I just like it.
  8. Troodon

    Troodon Coin Collector

    How many people think of the Smithsonian commem, to date the only bi-metallic coin the Mint has produced, as a must have? (In fact, how many of you even know what I'm talking about without checking your Red Book?)

    Not trying to sound too cynical, but it's WAY to early to tell. (How many coins from 1914 do you consider "must haves" that people were excited about at the time?).

    Likely I won't be alive in 2100 anyway so be sure to ask my heirs what they think of my HOF coins. I know I like them and will be glad to own them for the rest of my life. I think it's a bit premature to call these the coins of the century when the century still has another 86 years to go. They are cool looking and I'll leave it at that for now.
    fiatfiasco and d.t.menace like this.
  9. 19Lyds

    19Lyds Member of the United States of Confusion

    Right! Provided there are more than 400,000 active collectors out there.
  10. 19Lyds

    19Lyds Member of the United States of Confusion

    I thought that the Library of Congress Commemorative was the only Bimetallic Coins produced?
  11. saltysam-1

    saltysam-1 Junior Member

    It is. $10 platinum and gold, 2000W.
  12. I am considering the sports collectors market as well. NGC and PCGS have just commissioned baseball players (NGC) and the design winner (PCGS) to autograph slabs, and this may appeal to the millions of baseball fans worldwide.
  13. Troodon

    Troodon Coin Collector

    Oops, yes, I meant Library of Congress, not Smithsonian (nice catch).
  14. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    New record.... already bought all 3 on the secondary market in the door.
    Endeavor likes this.
  15. Endeavor

    Endeavor Well-Known Member

    It definitely makes for interesting discussion. As stated, it's hard to know for sure what will be desirable or valuable in the future. The only thing that we do know is that rarity has always been a major factor in collector value. I don't think there is any reason that will change. So the question is, will this piece be considered rare in the future?
  16. green18

    green18 Sweet on Commemorative Coins Supporter

    I don't think it's so much a rarity factor as it is a popularity factor so the question really should be, will these coins still be popular down the line. You look at the 2001 Buff commems with their combined mintage of 500,000 split between proof (272,869) and unc. (227,131). That mintage is by no means indicative of 'rare' yet prices for these coins still remain high on the secondary market. Everyone wants one (me too) and I think the HOF coins will hold a similar popularity.
    d.t.menace likes this.
  17. Demand is key! Even if something is rare (mintage or survival is low), people still need to want it for it to be valuable. The HOF coins may appeal to two collector markets. Demand for these exceed may exceed coins with much lower mintage. TC
  18. d.t.menace

    d.t.menace Member

    I'm with greenie on this. Mintages only tell part of the story. Demand is a very key factor in future pricing. I can see these being a very popular design when more people see these in hand.
    green18 likes this.
  19. Endeavor

    Endeavor Well-Known Member

    I'm not in disagreement with greenie. Instead of rarity, I should have used the terms available supply vs real demand. If the demand exceeds supply then it doesn't necessarily make it rare, but makes it rare to get one at a low price.
  20. Endeavor

    Endeavor Well-Known Member

    I'm thinking one thing that is going to affect this coins' (or whatever you want to call it) desire is whether the mint will continue to produce them. I can see popularity for this going down if they make them every year. With lower popularity, the mint will produce less and less each passing year. People (in general) will also see them as less of a valuable and display them on table or coffee stands - as opposed to in a sealed container tucked in a safe. This means grand kids will come over and take it out and start playing with it. The cleaning lady will knock it over onto the floor. Dogs will chew on them. Etc, etc, etc.

    In the end you have lower mintages with a lower preservation rate than the first (and most popular) year. This will in turn affect the value of that first year.

    Disclaimer: My rambling might not turn out to be true. This is just speculation for the sake of discussion.
  21. 19Lyds

    19Lyds Member of the United States of Confusion

    It's possible provided the signatures are "original". If not "original" but "authorized reproductions" then the slabs are no different than the First Strike™ slab labels.

    However, I'm sure that many would be "duped" into believing they have added extra value with an authorized reproduction of a signature.
    Endeavor likes this.
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