@jmlanzaf said:
Of course it was easy. These will probably never sell out. It'll be even easier to buy them next month.
No, Next month the price goes up $5 per coin.
I said easier, not cheaper. And if gold keeps dropping, that one might be cheaper also.
It just seemed that people were surprised there wasn't a long line to check out.
After last year I have a very good idea why. The mint didn’t do itself any favors last year.😉
It has nothing to do with last year. This type of issue is never that hot. Most commems that come with 400,000 mintage limits have very limited appeal. There is no secondary market. No one has probably issued a bid on them. So you don't have any flippers involved.
JM. The question was about why they were surprised. My answer is spot on. One of several reasons. Last year was the topic. You have additional comments but don’t slam my opinion. I respect your knowledge but don’t appreciate your gruffness.
I think I misinterpreted what you were saying. I thought you were suggesting that last year's issues kept people away this year.
But I didn't mean to "slam" your opinion. I just more fully explained mine. 400k commems don't sell out and don't have a secondary market so there's no mad rush to buy them.
@JBK said:
Off the top of my head the only commem that I recall selling out, at least quickly, was the buffalo dollar years ago.
The Lincoln dollars might have sold out, as well.
Yes. Unfortunately, these are headed for a huge price drop in coming years. It's really too bad as it is a nice issue.
This is one where the gold coin almost seems like the best deal. It won't lose 50% of its value because there's the bullion value underlying it. The silver ones could drop to $25 and who knows where the bottom is for the clad ones.
This is one of those issues that probably hurts the Mint far more than the chaos of a "limited edition" release. When someone goes to sell one of these in 2 or 3 years and gets offered 40% of what they paid for it, they may never buy Mint products again.
As with US Mint issues for the last several years, I just do not find the art work of the issues very inspiring. I do think these issues are a more interesting design, but still clip art (as mentioned by a previous poster) and not interesting enough for me to pay the high price. Not totally sure yet... but I will likely pass.
Out of every modern commemorative proof I believe the 2017 Boy's Town had the lowest mintage of approximately 31,600 counting the 3-coin proof set. Even the recent Christa and Law sold more than that.
This 2022 baseball silver dollar with the privy 100 diamond shape proof had a product limit of 20,000 which is lower, and as far as I can tell is not available in any other set, so the 400k mintage limit is irrelevant to it. That is why I am surprised under 10k sold at this stage? Of course, there is a lot of year left, but I think it did poorly on the first day, even for a commemorative, and it might have been able to sell out today, if there was not a HHL of 1. Maybe Alison needed to sign a few random certificates to give it more appeal
@Goldminers said:
Out of every modern commemorative proof I believe the 2017 Boy's Town had the lowest mintage of approximately 31,600 counting the 3-coin proof set. Even the recent Christa and Law sold more than that.
This 2022 baseball silver dollar with the privy 100 diamond shape proof had a product limit of 20,000 which is lower, and as far as I can tell is not available in any other set, so the 400k mintage limit is irrelevant to it. That is why I am surprised under 10k sold at this stage? Of course, there is a lot of year left, but I think it did poorly on the first day, even for a commemorative, and it might have been able to sell out today, if there was not a HHL of 1. Maybe Alison needed to sign a few random certificates to give it more appeal
In at $85, how much upside is there?
It isn't clear to me that collectors have embraced privy marks in general.
Once they list the HHL, we'll see if the bulk buyers want to do anything with them.
It is pretty cool that at this point you could make a pretty neat set of baseball themed coins from the US mint. I am getting a wee bit of baseball fatigue though. And thankfully we don’t have to pay $4000 for the Jackie UNC gold anymore.
"I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
"Out of every modern commemorative proof I believe the 2017 Boy's Town had the lowest mintage of approximately 31,600 counting the 3-coin proof set. Even the recent Christa and Law sold more than that."
Perhaps for the proof versions. The lowest mintage total is for the 2017 Boys town Unc at 12,234. Who knows... maybe the 2022 privy marked proof will be a winner... but as mentioned, at the price point, how much do you think the secondary market is going to pay for it??
The US Mint has done a pretty good job of making sure most of the 'meat' (profit potential) has been taken, before offering the bones to the public.
Am I the only person who thinks that campaigns like this would be better served by a reasonably priced, widely available sheet of stamps?
I'm sorry, but spending several hundred dollars for most commemoratives is no longer rational. For that kind of $$$, a coin (or coins) need to be extraordinary (or classic designs like Walkers, Morgans or Peace dollars).
Plus...you can't float multiple commemorative issues like this every year and expect them to sell out.
@MsMorrisine said:
There isn’t an expectation for a sell out
And there’s only 2 commems per year
Two commemorative programs.
So, were the 2001 Morgans and Peace dollars commems or just part of the original series.
They weren't classified as official commemoratives, were they? We had this discussion before. The only official commemoratives last year were the Christy MacAuliffe and the Law Enforcement coins.
@MsMorrisine said:
There isn’t an expectation for a sell out
And there’s only 2 commems per year
Two commemorative programs.
So, were the 2001 Morgans and Peace dollars commems or just part of the original series.
They weren't classified as official commemoratives, were they? We had this discussion before. The only official commemoratives last year were the Christy MacAuliffe and the Law Enforcement coins.
Exactly. (Or not, depending on someone's opinion).
@RichR said:
Am I the only person who thinks that campaigns like this would be better served by a reasonably priced, widely available sheet of stamps?
I'm sorry, but spending several hundred dollars for most commemoratives is no longer rational. For that kind of $$$, a coin (or coins) need to be extraordinary (or classic designs like Walkers, Morgans or Peace dollars).
Plus...you can't float multiple commemorative issues like this every year and expect them to sell out.
There are far more commemorative stamps every year. They only do 2 coin commems every year. If not this, then what?
@MsMorrisine said:
There isn’t an expectation for a sell out
And there’s only 2 commems per year
Two commemorative programs.
So, were the 2001 Morgans and Peace dollars commems or just part of the original series.
They weren't classified as official commemoratives, were they? We had this discussion before. The only official commemoratives last year were the Christy MacAuliffe and the Law Enforcement coins.
Exactly. (Or not, depending on someone's opinion).
Well, it's more a legal classification than just an opinion.
@tincup said:
"Out of every modern commemorative proof I believe the 2017 Boy's Town had the lowest mintage of approximately 31,600 counting the 3-coin proof set. Even the recent Christa and Law sold more than that."
Perhaps for the proof versions. The lowest mintage total is for the 2017 Boys town Unc at 12,234. Who knows... maybe the 2022 privy marked proof will be a winner... but as mentioned, at the price point, how much do you think the secondary market is going to pay for it??
The US Mint has done a pretty good job of making sure most of the 'meat' (profit potential) has been taken, before offering the bones to the public.
National Law has lowest now for all Unc modern comm. $1 Silver Unc 9,426 sold from last sale report (first below 10k). Gold Unc only 1,754 sold. Maybe because of many coin releases in 2021 (eagles I + II, Morgan, Peace,...) demand for commemorative coin was exceptional low, but design is also not appealing. ^^
10,913 of the Privy dollars left as of 5:20 AM this morning. That means they sold a little under half of the available yesterday. Unless the big buyers swoop in and grab the remaining ones when HHLs are lifted, this one is going nowhere...
I wonder if they will lift the HHL. Last year they experimented with HHL and wound up leaving it at one for several issues. I don’t think they will remove it but we shall see later today.
Also 50% sold is pretty good. The 20,000 and under product limits should be unavailable in a couple days
That’s very good for a commemorative
@Jzyskowski1 said:
I wonder if they will lift the HHL. Last year they experimented with HHL and wound up leaving it at one for several issues. I don’t think they will remove it but we shall see later today.
Also 50% sold is pretty good. The 20,000 and under product limits should be unavailable in a couple days
That’s very good for a commemorative
I believe they removed the HHL of one for everything last year. They just ended up putting them back on later in the year for some issues but they were gone originally.
That sounds about right. Remember the 99 on some issues, quickly went down. With the way they immediately adopted the backorder/ months long delivery date. I don’t expect them to miss any tricks
Edit. Pre-sale not backorder.
In addition to the designs, I like the topic of this series. I am a big baseball fan and as a kid, I kept hearing about the Negro Leagues, as that's where my favorite (and the greatest) players started out. Hank Aaron, Ernie Banks, Jackie Robinson....and the list goes on. These stars had to go through a lot, and it's great that the Mint is paying tribute to them and their beginnings. I also like the fact that part of the coin prices goes to the Negro Leagues Baseball Museum. Whether these coins sell out or not (and I hope they do) means nothing to me, as I do not look at them as a financial investment. Not everything we buy and enjoy is.
@Jzyskowski1 said:
I wonder if they will lift the HHL. Last year they experimented with HHL and wound up leaving it at one for several issues. I don’t think they will remove it but we shall see later today.
Also 50% sold is pretty good. The 20,000 and under product limits should be unavailable in a couple days
That’s very good for a commemorative
Only 10k sold the first day, is miserable. My guess is, that everybody who wanted one got one. Unless the "speculators" decide this may be a sleeper and gobble up a big chunk, it's still DOA.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@Jzyskowski1 said:
I wonder if they will lift the HHL. Last year they experimented with HHL and wound up leaving it at one for several issues. I don’t think they will remove it but we shall see later today.
Also 50% sold is pretty good. The 20,000 and under product limits should be unavailable in a couple days
That’s very good for a commemorative
They generally don't sell 10,000 per day. Early birds jump in on the first day. 2nd day sales could well be under 1000 (unless three bulk buyers come in and have plans when the HHL is lifted)
The sheer number of different designs, finishes, and privy marks makes it outrageously expensive to buy from the US-Mint. I think they want to saturate the markets to hurt the flippers. But flippers gonna flip flip flip. Meanwhile the regular collector has buyers fatigue, particularly if they attempt ordering directly from the US Mint.
The problem is these new issues undermine the whole concept of collecting. Everything is scarce, Everything is relatively rare, yet nothing is in demand, nothing is scarce, nothing is rare. Price goes down over time until there is very little premium for collectors or dealers.
I'd be shocked if these sell out...EVER! At 50,000 for the gold options and 400,000 for the silver, I'm just not seeing that kind of demand anymore for commemorative issues...especially at elevated issue prices for gold and silver.
But what do I know?
I'd be more willing to guess that these will have very low/disappointing initial sales when all is said and done...with many remaining at the end of the year.
Personally, with so many issues each year, I'm keeping my powder dry for the more compelling issues to come later in the year.
“When you don't know what you're talking about, it's hard to know when you're finished.” - Tommy Smothers
I like the designs. I love baseball oriented coins, but dont we now have to honor the other leagues too? Its a big world out there with lots of leagues. Eg., the Pacific Coast League which gave us Joe Dimagio, Casey Stengel, and Billy Martin.
“When you don't know what you're talking about, it's hard to know when you're finished.” - Tommy Smothers
@mbogoman said:
10,913 of the Privy dollars left as of 5:20 AM this morning. That means they sold a little under half of the available yesterday. Unless the big buyers swoop in and grab the remaining ones when HHLs are lifted, this one is going nowhere...
For fun I’ll give the privy $ until tomorrow evening to go unavailable. Just a feeling about this one. Of any this has the best chance of being a winner. Silver with a low product amount. Maybe. And I feel like this privy mark is less problematic than the CC and O Morgan’s being it’s not a replacement for something original. It’s not a bad design.
I just realized that my opinions are focused on different aspects of these , different perspective not worrying about it from a buyer’s perspective 😉
@mbogoman said:
10,913 of the Privy dollars left as of 5:20 AM this morning. That means they sold a little under half of the available yesterday. Unless the big buyers swoop in and grab the remaining ones when HHLs are lifted, this one is going nowhere...
@rooksmith said:
I like the designs. I love baseball oriented coins, but dont we now have to honor the other leagues too? Its a big world out there with lots of leagues. Eg., the Pacific Coast League which gave us Joe Dimagio, Casey Stengel, and Billy Martin.
The Negro leagues are in no way comparable to a random minor league. They are commemorating more than baseball.
@rooksmith said:
I like the designs. I love baseball oriented coins, but dont we now have to honor the other leagues too? Its a big world out there with lots of leagues. Eg., the Pacific Coast League which gave us Joe Dimagio, Casey Stengel, and Billy Martin.
The Negro leagues are in no way comparable to a random minute league. They are commemorating more than baseball.
Thank you JM. I was thinking of a way to comment and remain tasteful and you have done so nicely 👍🏼
I think the non-privy will be the lower sales figure when the program ends...so if you are looking for a low mintage, the non-privy will be the way to go.
@rooksmith said:
I like the designs. I love baseball oriented coins, but dont we now have to honor the other leagues too? Its a big world out there with lots of leagues. Eg., the Pacific Coast League which gave us Joe Dimagio, Casey Stengel, and Billy Martin.
The Negro leagues are in no way comparable to a random minor league. They are commemorating more than baseball.
Agree, and furthermore, I recall hearing that last year MLB elevated the Negro Leagues to full major league status, up there with the AL and NL.
Well I guess I was 22 hours or so early. I figured with Saturday shoppers that might do it.
@Schmitz7 said:
I think the non-privy will be the lower sales figure when the program ends...so if you are looking for a low mintage, the non-privy will be the way to go.
20,000 product limit on privy. That’s your Winner, maybe.
These are curved coins and the first ever colorized US Mint coins.
Lot of stuff and for now, a lead balloon.
Just posting as a little comparison. As with everything we shall see.
@Schmitz7 said:
I think the non-privy will be the lower sales figure when the program ends...so if you are looking for a low mintage, the non-privy will be the way to go.
Coin World PR: "Sales of Negro Leagues Baseball coins start without a hitch"
Sales of the 2022 Negro Leagues Baseball commemorative coins began Jan. 6 at the U.S. Mint, with few if any problems reported by Mint customers.
None of the three limited-edition products reached the “No Longer Available” status during the first hours of the sales, as has happened to some previous product launches.
The limited-edition products are the three-coin Proof set, the Proof silver dollar and Jackie Robinson silver medal set, and the privy-marked Proof 2022-P Negro Leagues Baseball silver dollar.
Introductory pre-sale prices were scheduled to run through 3 p.m. Eastern Time Feb. 7, after which higher regular issue prices would be imposed on remaining product. Household order limits, in effect for the first 24 hours of sales, would afterwards be removed.
Comments
I think I misinterpreted what you were saying. I thought you were suggesting that last year's issues kept people away this year.
But I didn't mean to "slam" your opinion. I just more fully explained mine. 400k commems don't sell out and don't have a secondary market so there's no mad rush to buy them.
Yes. Unfortunately, these are headed for a huge price drop in coming years. It's really too bad as it is a nice issue.
This is one where the gold coin almost seems like the best deal. It won't lose 50% of its value because there's the bullion value underlying it. The silver ones could drop to $25 and who knows where the bottom is for the clad ones.
This is one of those issues that probably hurts the Mint far more than the chaos of a "limited edition" release. When someone goes to sell one of these in 2 or 3 years and gets offered 40% of what they paid for it, they may never buy Mint products again.
In my ever humble opinion, of course.
I had no trouble getting a single uncirculated half dollar
As with US Mint issues for the last several years, I just do not find the art work of the issues very inspiring. I do think these issues are a more interesting design, but still clip art (as mentioned by a previous poster) and not interesting enough for me to pay the high price. Not totally sure yet... but I will likely pass.
Out of every modern commemorative proof I believe the 2017 Boy's Town had the lowest mintage of approximately 31,600 counting the 3-coin proof set. Even the recent Christa and Law sold more than that.
This 2022 baseball silver dollar with the privy 100 diamond shape proof had a product limit of 20,000 which is lower, and as far as I can tell is not available in any other set, so the 400k mintage limit is irrelevant to it. That is why I am surprised under 10k sold at this stage? Of course, there is a lot of year left, but I think it did poorly on the first day, even for a commemorative, and it might have been able to sell out today, if there was not a HHL of 1. Maybe Alison needed to sign a few random certificates to give it more appeal
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
In at $85, how much upside is there?
It isn't clear to me that collectors have embraced privy marks in general.
Once they list the HHL, we'll see if the bulk buyers want to do anything with them.
It is pretty cool that at this point you could make a pretty neat set of baseball themed coins from the US mint. I am getting a wee bit of baseball fatigue though. And thankfully we don’t have to pay $4000 for the Jackie UNC gold anymore.
For some issues the clad half is my favorite, especially the unc. The clad has a nice look to it on the baseball HOF, for example.
Not for nothing...but why so much baseball?
Has there ever been a football (now the country's most popular sport) commem?
There have been several noteworthy football events and people.
"Out of every modern commemorative proof I believe the 2017 Boy's Town had the lowest mintage of approximately 31,600 counting the 3-coin proof set. Even the recent Christa and Law sold more than that."
Perhaps for the proof versions. The lowest mintage total is for the 2017 Boys town Unc at 12,234. Who knows... maybe the 2022 privy marked proof will be a winner... but as mentioned, at the price point, how much do you think the secondary market is going to pay for it??
The US Mint has done a pretty good job of making sure most of the 'meat' (profit potential) has been taken, before offering the bones to the public.
Am I the only person who thinks that campaigns like this would be better served by a reasonably priced, widely available sheet of stamps?
I'm sorry, but spending several hundred dollars for most commemoratives is no longer rational. For that kind of $$$, a coin (or coins) need to be extraordinary (or classic designs like Walkers, Morgans or Peace dollars).
Plus...you can't float multiple commemorative issues like this every year and expect them to sell out.
There isn’t an expectation for a sell out
And there’s only 2 commems per year
I’m always eager for the new commemorative coins to come out and then I wait until the end of the year to buy 🤷🏾♂️
Two commemorative programs.
So, were the 2001 Morgans and Peace dollars commems or just part of the original series.
I'll get the silver ones...I like the design and the topic.
K
They weren't classified as official commemoratives, were they? We had this discussion before. The only official commemoratives last year were the Christy MacAuliffe and the Law Enforcement coins.
Exactly. (Or not, depending on someone's opinion).
There are far more commemorative stamps every year. They only do 2 coin commems every year. If not this, then what?
Well, it's more a legal classification than just an opinion.
National Law has lowest now for all Unc modern comm. $1 Silver Unc 9,426 sold from last sale report (first below 10k). Gold Unc only 1,754 sold. Maybe because of many coin releases in 2021 (eagles I + II, Morgan, Peace,...) demand for commemorative coin was exceptional low, but design is also not appealing. ^^
10,913 of the Privy dollars left as of 5:20 AM this morning. That means they sold a little under half of the available yesterday. Unless the big buyers swoop in and grab the remaining ones when HHLs are lifted, this one is going nowhere...
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
I wonder if they will lift the HHL. Last year they experimented with HHL and wound up leaving it at one for several issues. I don’t think they will remove it but we shall see later today.
Also 50% sold is pretty good. The 20,000 and under product limits should be unavailable in a couple days
That’s very good for a commemorative
🎶 shout shout, let it all out 🎶
I believe they removed the HHL of one for everything last year. They just ended up putting them back on later in the year for some issues but they were gone originally.
That sounds about right. Remember the 99 on some issues, quickly went down. With the way they immediately adopted the backorder/ months long delivery date. I don’t expect them to miss any tricks
Edit. Pre-sale not backorder.
🎶 shout shout, let it all out 🎶
In addition to the designs, I like the topic of this series. I am a big baseball fan and as a kid, I kept hearing about the Negro Leagues, as that's where my favorite (and the greatest) players started out. Hank Aaron, Ernie Banks, Jackie Robinson....and the list goes on. These stars had to go through a lot, and it's great that the Mint is paying tribute to them and their beginnings. I also like the fact that part of the coin prices goes to the Negro Leagues Baseball Museum. Whether these coins sell out or not (and I hope they do) means nothing to me, as I do not look at them as a financial investment. Not everything we buy and enjoy is.
Only 10k sold the first day, is miserable. My guess is, that everybody who wanted one got one. Unless the "speculators" decide this may be a sleeper and gobble up a big chunk, it's still DOA.
>
The HHL will be lifted at 12:00 ET...
You are making the assumption that the Mint started with 20,000.
They did not..
They generally don't sell 10,000 per day. Early birds jump in on the first day. 2nd day sales could well be under 1000 (unless three bulk buyers come in and have plans when the HHL is lifted)
Do you know the number? Just curious.
Lets see the proposed maximum mintage numbers, less is more IMHO.
@RickR
The sheer number of different designs, finishes, and privy marks makes it outrageously expensive to buy from the US-Mint. I think they want to saturate the markets to hurt the flippers. But flippers gonna flip flip flip. Meanwhile the regular collector has buyers fatigue, particularly if they attempt ordering directly from the US Mint.
The problem is these new issues undermine the whole concept of collecting. Everything is scarce, Everything is relatively rare, yet nothing is in demand, nothing is scarce, nothing is rare. Price goes down over time until there is very little premium for collectors or dealers.
I like the designs. I love baseball oriented coins, but dont we now have to honor the other leagues too? Its a big world out there with lots of leagues. Eg., the Pacific Coast League which gave us Joe Dimagio, Casey Stengel, and Billy Martin.
My browser says 10979
Picked up 4 more for a total of five.
Order #12459xxx
Household limit is off. Buy away!
Yep you were right 👍
For fun I’ll give the privy $ until tomorrow evening to go unavailable. Just a feeling about this one. Of any this has the best chance of being a winner. Silver with a low product amount. Maybe. And I feel like this privy mark is less problematic than the CC and O Morgan’s being it’s not a replacement for something original. It’s not a bad design.
I just realized that my opinions are focused on different aspects of these , different perspective not worrying about it from a buyer’s perspective 😉
🎶 shout shout, let it all out 🎶
Oh, just a few cancellations
The Negro leagues are in no way comparable to a random minor league. They are commemorating more than baseball.
Thank you JM. I was thinking of a way to comment and remain tasteful and you have done so nicely 👍🏼
🎶 shout shout, let it all out 🎶
After the HHL was lifted the Big Boys got Active.
There were a Total of 10,863 2022 Negro League Baseball Proof Silver Dollar Sold in 3 hours before going Dark.
A little over 1,500 were Sold in the last15 minutes…
I’ve posted before that between 35%-45% of every numismatic coin Sold goes to the Big Boys…
Privy now unavailable.
I think the non-privy will be the lower sales figure when the program ends...so if you are looking for a low mintage, the non-privy will be the way to go.
Agree, and furthermore, I recall hearing that last year MLB elevated the Negro Leagues to full major league status, up there with the AL and NL.
Well I guess I was 22 hours or so early. I figured with Saturday shoppers that might do it.
20,000 product limit on privy. That’s your Winner, maybe.
🎶 shout shout, let it all out 🎶
Here’s the basketball mintages
Gold pf. 8070
Gold unc. 3261
Silver $ pf. 68,756
Silver $ unc. 21,317
Clad half $. pf. 26,572
Clad half $ unc. 13,635
Kids enhanced uncirculated (one off)
half dollar 22,528.
Silver $ colorized 25,719
Clad half $ colorized 32,581
These are curved coins and the first ever colorized US Mint coins.
Lot of stuff and for now, a lead balloon.
Just posting as a little comparison. As with everything we shall see.
🎶 shout shout, let it all out 🎶
I think you will be right.
Successful Trades: Swampboy,
Coin World PR: "Sales of Negro Leagues Baseball coins start without a hitch"
Sales of the 2022 Negro Leagues Baseball commemorative coins began Jan. 6 at the U.S. Mint, with few if any problems reported by Mint customers.
None of the three limited-edition products reached the “No Longer Available” status during the first hours of the sales, as has happened to some previous product launches.
The limited-edition products are the three-coin Proof set, the Proof silver dollar and Jackie Robinson silver medal set, and the privy-marked Proof 2022-P Negro Leagues Baseball silver dollar.
Introductory pre-sale prices were scheduled to run through 3 p.m. Eastern Time Feb. 7, after which higher regular issue prices would be imposed on remaining product. Household order limits, in effect for the first 24 hours of sales, would afterwards be removed.
More in link........ https://www.coinworld.com/news/us-coins/sales-of-negro-leagues-baseball-coins-start-without-a-hitch