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Will the Baseball Hall of Fame Gold coins sell out first day?
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<p>[QUOTE="jack92029, post: 1892585, member: 68693"]My 2 cents: </p><p><br /></p><p>Yes, the HOF coin has a unique shape, and commemorates a popular subject, BUT the mintage is very high and the premium very large, so I have bought the proofs to collect, but I do not expect to make any money on these coins. </p><p>The Mint might have sold 500- 1,000 gold coins on opening day, and there may be orders on 50k coins, but between now and the time the Mint is scheduled to ship all those coins is two months.</p><p>I expect lots of the coins that were ordered to be cancelled when the flippers realize that there aren't lots of bigger fools out there to buy the coins that they are speculating on. </p><p><br /></p><p>The Silver dollars are selling at $55 plus $35 to grade and ship, for a total cost of $90 vs Silver spot is $20/oz. I seriously doubt that these coins will sell for $55 in six months, especially with 400K in circulation. </p><p>These coins are nice conversation pieces that are collectible , but not for investment. </p><p><br /></p><p>Actually, I don't expect either the Gold or Silver coins will end up being Sell Outs after all the cancellations are processed in the next two months. The hype at the Whitman was over the first 1,000 coins. The remaining 450,000 coins will not sell for the same premium, if any premium . The mintage and Mint Premium are too great. </p><p>Good for collecting, not an investment. It's the grading companies that will make a killing on these coins, not the folks paying to have them graded.[/QUOTE]</p><p><br /></p>
[QUOTE="jack92029, post: 1892585, member: 68693"]My 2 cents: Yes, the HOF coin has a unique shape, and commemorates a popular subject, BUT the mintage is very high and the premium very large, so I have bought the proofs to collect, but I do not expect to make any money on these coins. The Mint might have sold 500- 1,000 gold coins on opening day, and there may be orders on 50k coins, but between now and the time the Mint is scheduled to ship all those coins is two months. I expect lots of the coins that were ordered to be cancelled when the flippers realize that there aren't lots of bigger fools out there to buy the coins that they are speculating on. The Silver dollars are selling at $55 plus $35 to grade and ship, for a total cost of $90 vs Silver spot is $20/oz. I seriously doubt that these coins will sell for $55 in six months, especially with 400K in circulation. These coins are nice conversation pieces that are collectible , but not for investment. Actually, I don't expect either the Gold or Silver coins will end up being Sell Outs after all the cancellations are processed in the next two months. The hype at the Whitman was over the first 1,000 coins. The remaining 450,000 coins will not sell for the same premium, if any premium . The mintage and Mint Premium are too great. Good for collecting, not an investment. It's the grading companies that will make a killing on these coins, not the folks paying to have them graded.[/QUOTE]
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Will the Baseball Hall of Fame Gold coins sell out first day?
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