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Baseball HOF Coins most significant coin of the century
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<p>[QUOTE="berneck1, post: 1901937, member: 24201"]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.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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. </p><p><br /></p><p>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.</p><p><br /></p><p>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. ;-)</p><p><br /></p><p>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. </p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="berneck1, post: 1901937, member: 24201"]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.[/QUOTE]
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