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Will the Baseball Hall of Fame Gold coins sell out first day?
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<p>[QUOTE="jack92029, post: 1892747, member: 68693"]My Gold proof is scheduled to ship in mid June...10 weeks away. These coins will not be officially declared a sellout until the two week waiting period has elapsed after the last shipment. Up to three months to cancel for many (including me).</p><p>Regulated securities (stocks) are not allowed to be pumped and dumped, which apparently is what some dealers are doing with these coins. Hype the opening, bid up the prices on a few coins, and then dump your inventory and make a killing.</p><p>The proof gold Eagle coins are very popular, but the Mint only sold 10,000 in 2013 @$410. Do you really expect that the Mint will sell 5X the number of HOF coins w/o an established collector base like the eagles? </p><p>Sorry, but sounds like many are believing the hype, and not using logic. </p><p>Saying that these coins will be sold at baseball games sounds just like the hype surrounding the Silver Panda's a few years ago...</p><p>The folks selling Silver Panda's kept saying that a Billion Chinese would begin to buy the Panda coins and drive the prices higher. Then the Chinese gov't upped the mintage from a few hundred thousand to 8 million and turned the collectible Panda into a regular bullion coin with very little premium. The billion chinese never bought the coins. </p><p>The First Spouse Gold coins were suppose to be very popular, and sold 20,000 the first year, now the mint is lucky to sell 2,000. </p><p> The price of Gold and Silver are down because currently there isn't much interest in owning PM. This isn't a great time to sell 50k gold and 400K silver coins. </p><p>I still don't believe that there will be a sell out declared in ten weeks. We will see...[/QUOTE]</p><p><br /></p>
[QUOTE="jack92029, post: 1892747, member: 68693"]My Gold proof is scheduled to ship in mid June...10 weeks away. These coins will not be officially declared a sellout until the two week waiting period has elapsed after the last shipment. Up to three months to cancel for many (including me). Regulated securities (stocks) are not allowed to be pumped and dumped, which apparently is what some dealers are doing with these coins. Hype the opening, bid up the prices on a few coins, and then dump your inventory and make a killing. The proof gold Eagle coins are very popular, but the Mint only sold 10,000 in 2013 @$410. Do you really expect that the Mint will sell 5X the number of HOF coins w/o an established collector base like the eagles? Sorry, but sounds like many are believing the hype, and not using logic. Saying that these coins will be sold at baseball games sounds just like the hype surrounding the Silver Panda's a few years ago... The folks selling Silver Panda's kept saying that a Billion Chinese would begin to buy the Panda coins and drive the prices higher. Then the Chinese gov't upped the mintage from a few hundred thousand to 8 million and turned the collectible Panda into a regular bullion coin with very little premium. The billion chinese never bought the coins. The First Spouse Gold coins were suppose to be very popular, and sold 20,000 the first year, now the mint is lucky to sell 2,000. The price of Gold and Silver are down because currently there isn't much interest in owning PM. This isn't a great time to sell 50k gold and 400K silver coins. I still don't believe that there will be a sell out declared in ten weeks. We will see...[/QUOTE]
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