Discussion in 'US Coins Forum' started by bkozak33, Apr 10, 2014.
You can make a stew with it.
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They may be watching the scores but they won't fail to notice them being offered for sale at major league ball parks and at the Hall of Fame (Cooperstown). I don't think that this issue will generate the interest that the State Quarters program did but I do believe we will see a new influx of collectors having their curiosity peaked by the issue.
This is the way I view these coins, and the reasons I think they will command a premium, in spite of the not "very" low mintages. I'll also mention why I think a lot of other coins don't work. As far as the HOF being the most significant coin, I'm not so sure. There are more appealing coins like the high relief gold, but I do love the HOF coins.
They are unique. They are the only curved coin by the U.S. Mint. That may not always be, but these will at least be the first curved coin. I hope they don't do more, but they probably will, and flood the market with curved sports coins. My gut tells me, if they do, they will also be popular, but won't hold the same premiums. I'd also be willing to bet additional curved sports coins will be overkill, with higher mintages, and busier designs. If they do too many, they will definitely become more of a gimmick than something special and unique.
The design is simple and elegant. In my opinion, there is nothing unappealing about these, coins. There are also no elements of the coin that could be considered offensive (aka politically correct). In my opinion the Mint has gone with too many designs that are either too busy looking, or overly politically correct. Additionally, I'm not a fan of coins with people in a 3/4 view. There are too many commemoratives that do this now. Profiles are much more elegant, in my opinion. I've often said, just because you have the ability to mint more intricate designs, doesn't necessarily mean you should. One of the main factors for the success of this coin is it's simplicity. As a matter of fact, I believe this design would have been just as successful if the coin was flat. Perhaps not sell out as fast, but still a high demand.
Baseball is "America's favorite pastime." Another reason this coin will hold a premium is because it appeals to an audience much larger than coin collectors. Many people don't even know this coin exists, and when they do, these will even have a larger demand. I'm actually optimistic that the clad design could sell out by years end. I personally think clad coins are the worst investment one could make. However, given the other two reasons, even the clad versions might actually hold some of the initial value.
Relatively low mintage for a set. This is the first set of commemoratives where I felt compelled to buy a full set. In fact, I bought three full sets, to pass to my kids when they are older. I think there are many others who felt compelled to buy sets, and I'm not talking about the flippers. When you consider the 18,000 uncirculated gold mintage, there are only 18,000 full sets possible. This part is more pure speculation, but given the relatively low mintages of the golds, full sets in OGP will be in higher demand many years from now.
My opinion on mintage in general....... I've always felt mintage plays a much smaller part in the worth of a coin, than the factors I mentioned before. One only has to look at the spouse coins or silver pucks to see that. Unless it is a circulation coin, a low mintage does not improve your chances of a good investment. I'm willing to bet most of the products that the Mint offers will never net a return on investment, with the exception of precious metal content that at least offers a minimum worth besides face value. That's the reason I buy only gold or silver products. I also only buy what I like, and not what I think will be worth more. Although, if I think it will be worth more, it's usually because I like it. ;-)
When you look at the Boy Scout and Girl Scout coin, and even the civil rights coin, you realize that the coins need to be appealing all around, first and foremost. The reverse of those coins are great! However, the obverse for all three are disasters! They will never command a premium, and there is arguably a much larger audience beyond coin collectors for those coins, like the HOF coin. But, as I said, they are unappealing. Just because the subject matter is of great interest, does not guarantee demand. I hope the Mint is learning from this. Less busy politically correct garbage, please! In fact, I don't think there should ever be a person on a coin, unless that person or persons are real, and have some significance to the subject matter. Martin Luther King on the civil rights coin comes to mind.
Finally, while I love this coin, I don't imagine that it will be the most significant coin. The Kennedy gold might be even higher demand. I can almost bet a Mercury palladium coin would be very popular; I like what I'm hearing about that design. The classics always win out over the special interests, in my opinion. And if I'm right about the Mint continuing with curved coins, the significance for this coin will be diminished.
Couldn't disagree more! Are you over 70? Many modern mint products (including the P-Pucks) are only going up, with potential to go much higher. The thinking that all mint products decline is out date thinking from the 60's, 70's & 80's. Many "moderns" have very low mintages, all depends on future demand.
Ain't happenin' again......
Contrary to the hype in this thread, these are not the first baseball coins. There’s the 1992 silver dollar and the 1995 half dollar, both with lower mintages than the 2014’s and neither are seeing great prices. Granted the 2014’s are curved, so we’ll see what happens down the road, but I wouldn't count on baseball being the deciding factor.
I was at Yankee Stadium on Tuesday and I did not see anything about selling the coins there.
I argue neither of those coins are as visually appealing as this coin is. However, there is no telling where these will be in the years to come. I personally think they will always be in demand. I've seen crazier things, like the 1999 silver proof set still commanding an absurd premium. You just never know.
Hahaha I love it. I get what you're trying to say but your idea is very.... Very long term.
Ask me about holding real physical precious metals in an IRA or HSA plan.
Well said. Couldn't agree more.
So you know for a fact that that major league ball parks are gonna go out on a limb, buy a bunch of them in the secondary market in hopes of selling at their 200% Mark Up yet still?
Even the Boy Scouts and Girl Scouts didn't bother to sell theirs.
As for Cooperstown, where exactly are they going to get a soild enough supply other than the current secondary market?
Weren't there US Mint ordering limits?
Yeah, or you could say all the other silver proof sets since 1992 are way under valued, since mintages are much lower than other proof sets. Yet that's the demand at this point in time. Once they've settled into collections, like the 1999, maybe they'll take off too.
I don't know about the 2014's being more appealing. Isn't the 1992 actually a Nolan Ryan card? That should be more appealing to a baseball fan. Yeah, the 2014 is curved, but I like the 1992 better. I'd say I like the 1995 half better too. Kinda boring and lazy, using the same design on all 3 2014's
You make a good point. Forget I said anything.......
Girls Scouts do.
While this may be the first curved coin from the US Mint, they did steal the idea from someone else:
How much did the mint sell them for? FWIW, they aren't nearly as impressive as the BHOF's.
I think they consulted with the Aussies and a few other foreign mints on how to go about striking this (HOF) coin.........
This 200 euro coin was released in 2009, I believe the Australians started later than that.
The sort of look like UFOs. Time for a type set...lol.
You mean a fleet?
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