<< <i>It's far more serious than amusing , it's shocking !
But lets see how the values of these hold up over time. It will be truly amusing to watch prices drop even faster than the bullion value.
>>
Oh, yeah, everybody is predicting that, too, but I can think of a lot of reasons why they may again be dead wrong.
These are not typical commemoratives, so there is no reason to assume that they will follow typical commemorative patterns. These have a market that is beyond coin collectors and investors because of the baseball theme. The signed slabs are particularly appealing to sports autograph collectors.
Finally, this is going to be something most type collectors will want. If the Mint continues to use the curved technology, it may even spawn a new collecting genre (I'm calling that Neonumia for the moment). If so, these will be the cornerstone of the series. I've even read speculation that circulation coins might employ curved designs to combat counterfeiting. That seems far fetched, but if there is any truth to it, these would definitely be even stronger.
In short, these have more going for them than any other recent issue. Yes, they could spiral downward spectacularly, but there are reasons they might go the other direction.
An ATS Proof 70 Balto label recently sold for over $5K in a true FeeBay auction. Just unreal. I sold an ATS Balto Label SET (PF and MS) for $3800 and thought that I did well. I wonder how high that these will go. Really amazing - far better than the ANA Buff labels. The $5 HOF Balto. 70 sells for about $1000K more than the ANA Buff 70s despite that the $5 has less than 0.25 oz Au.
<< <i>THE PRICE WILL FALL. THEY MADE A TON OF THEM. >>
I'm talking specifically about the Balto label coins. Very limited supply. Despite the appearance of many more $5 golds - raw and graded - the Balto labels keep going up. Insane multiple to the non-Balto labels.
I may be wrong, but I expect the Balto label coins will eventually fall in line (or close to) their graded cousins (70, 69, 68, etc). If the autographed coins had not come along then these would have kept quite a premium, but since there are so many signed coins I think these will not be viewed as special by the common buyer. I like the coins autographed by hall of fame players, but they are priced so high I do not see much potential profit in acquiring them. (Or at least for a long time.) Likely the only one I would want would be one signed by someone from "my team".
<< <i>I may be wrong, but I expect the Balto label coins will eventually fall in line (or close to) their graded cousins (70, 69, 68, etc). If the autographed coins had not come along then these would have kept quite a premium, but since there are so many signed coins I think these will not be viewed as special by the common buyer. I like the coins autographed by hall of fame players, but they are priced so high I do not see much potential profit in acquiring them. (Or at least for a long time.) Likely the only one I would want would be one signed by someone from "my team". >>
The autographed coins are priced high even for the end collector. There will probably never be room for profit or very little if any at current prices. There are very few living and signing players whose accomplishments are great enough and the number of their autographs limited enough for much future appreciation in price.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
Comments
But lets see how the values of these hold up over time. It will be truly amusing to watch prices drop even faster
than the bullion value.
<< <i>It's far more serious than amusing , it's shocking !
But lets see how the values of these hold up over time. It will be truly amusing to watch prices drop even faster
than the bullion value.
>>
Oh, yeah, everybody is predicting that, too, but I can think of a lot of reasons why they may again be dead wrong.
These are not typical commemoratives, so there is no reason to assume that they will follow typical commemorative patterns. These have a market that is beyond coin collectors and investors because of the baseball theme. The signed slabs are particularly appealing to sports autograph collectors.
Finally, this is going to be something most type collectors will want. If the Mint continues to use the curved technology, it may even spawn a new collecting genre (I'm calling that Neonumia for the moment). If so, these will be the cornerstone of the series. I've even read speculation that circulation coins might employ curved designs to combat counterfeiting. That seems far fetched, but if there is any truth to it, these would definitely be even stronger.
In short, these have more going for them than any other recent issue. Yes, they could spiral downward spectacularly, but there are reasons they might go the other direction.
``https://ebay.us/m/KxolR5
<< <i>Market will tell. Time ending soonest. The gold has more than "doubled" even as gold is "dropping". >>
True, but on the other side, the second wave of gold only started shipping this week.
<< <i>
<< <i>Market will tell. Time ending soonest. The gold has more than "doubled" even as gold is "dropping". >>
True, but on the other side, the second wave of gold only started shipping this week. >>
Key point....
<< <i>THE PRICE WILL FALL. THEY MADE A TON OF THEM. >>
Actually less than half a ton of the gold, 10 tons or so of silver and who know how many clads.
<< <i>THE PRICE WILL FALL. THEY MADE A TON OF THEM. >>
...seems to be a ton of interest. More potential collectors than coins.
<< <i>THE PRICE WILL FALL. THEY MADE A TON OF THEM. >>
I'm talking specifically about the Balto label coins. Very limited supply. Despite the appearance of many more $5 golds - raw and graded - the Balto labels keep going up. Insane multiple to the non-Balto labels.
I like the coins autographed by hall of fame players, but they are priced so high I do not see much potential profit in acquiring them. (Or at least for a long time.) Likely the only one I would want would be one signed by someone from "my team".
<< <i>I may be wrong, but I expect the Balto label coins will eventually fall in line (or close to) their graded cousins (70, 69, 68, etc). If the autographed coins had not come along then these would have kept quite a premium, but since there are so many signed coins I think these will not be viewed as special by the common buyer.
I like the coins autographed by hall of fame players, but they are priced so high I do not see much potential profit in acquiring them. (Or at least for a long time.) Likely the only one I would want would be one signed by someone from "my team". >>
The autographed coins are priced high even for the end collector. There will probably never be room for profit or very little if any at current prices. There are very few living and signing players whose accomplishments
are great enough and the number of their autographs limited enough for much future appreciation in price.