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Will the Baseball Hall of Fame Gold coins sell out first day?
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<p>[QUOTE="berneck1, post: 1892589, member: 24201"]Well, I agree that A LOT of this is "first day" hype. $3,000 for $1,000 within an hour is irrational exuberance at its best. However, I disagree that they will have so many cancellations and returns that the market gets flooded to the point that there will be no premium. These coins will hold a premium forever, and it won't be a small premium, especially for the golds. Some disagree, but this is a nice coin. It's unusual, and it has a simple elegant design. I would even say it has a nostalgic feel to it. Not to mention it encompasses a subject that millions of people care about. The clads are a high enough mintage that they probably won't be worth anymore than what was paid for them, which considering what the Mint charges is a pretty high premium...lol</p><p><br /></p><p>I also like that the Mint kept the mintages relatively low. It gives incentive for people to invest in their products. The vast majority of Mint products will never net anyone a dime, but as we know that's not completely what it's all about. Although, it is nice to see something you love actually demand a higher value after you bought it. I have no intention of selling, but coins like this are nice to pass down to the next generation. </p><p><br /></p><p>The single complaint I have is the lack of foresight the Mint had with the household limits. They didn't give enough of a chance to the single collector. The dealers are the ones who benefited the most on this one. Even I knew they would sell out the first day. I have nothing against dealers making tons of money, but we should all have a decent shot at getting a couple in our hands, and then let the aftermarket do its magic. A limit of 5, 25 and 100 for the gold, silver and clad would have been much more reasonable.[/QUOTE]</p><p><br /></p>
[QUOTE="berneck1, post: 1892589, member: 24201"]Well, I agree that A LOT of this is "first day" hype. $3,000 for $1,000 within an hour is irrational exuberance at its best. However, I disagree that they will have so many cancellations and returns that the market gets flooded to the point that there will be no premium. These coins will hold a premium forever, and it won't be a small premium, especially for the golds. Some disagree, but this is a nice coin. It's unusual, and it has a simple elegant design. I would even say it has a nostalgic feel to it. Not to mention it encompasses a subject that millions of people care about. The clads are a high enough mintage that they probably won't be worth anymore than what was paid for them, which considering what the Mint charges is a pretty high premium...lol I also like that the Mint kept the mintages relatively low. It gives incentive for people to invest in their products. The vast majority of Mint products will never net anyone a dime, but as we know that's not completely what it's all about. Although, it is nice to see something you love actually demand a higher value after you bought it. I have no intention of selling, but coins like this are nice to pass down to the next generation. The single complaint I have is the lack of foresight the Mint had with the household limits. They didn't give enough of a chance to the single collector. The dealers are the ones who benefited the most on this one. Even I knew they would sell out the first day. I have nothing against dealers making tons of money, but we should all have a decent shot at getting a couple in our hands, and then let the aftermarket do its magic. A limit of 5, 25 and 100 for the gold, silver and clad would have been much more reasonable.[/QUOTE]
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