More Excel Fun I made a spread sheet for percentages of the grading so far. Numbers as of 5/29, no autographs, as shown in the population report - which for me only updates on Sunday morning so they may be out dated already.
Non FS percentages show the low numbers submitted so far. This will pick up with new shipments happening and are sent off for grading. The numbers so far are so low as to not portray a realistic percentage of the grades.
The lowest percentage of 70's are the MS & PF halves. Greatest are the gold $5. Only a single under 68 coin, an MS $1, has been slabbed. The mint has done pretty well as far as quality goes for the first batch of coins. One can only hope the trend continues as newly minted coins start being delivered.
<< <i>Sold a proof 70 gold $5 on ebay for the going price - noticed the buyer was a very prominent coin/bullion dealer....
Didn't know those guys were out lurking and buying at full retail? Kind of strange.
Is the price headed North? Is anyone aware of something we are not? Errors? >>
7 over 8
What we may be seeing is the "Baseballcardization" of the HOF Baseball Coins, with credits to RYK and Manorcourtman for the term. What may be happening is the conversion of HOF Baseball Coins to HOF Baseball Collectibles (coin with autograph) after grading.
I reviewed Goldbully's latest post of PCGS population and Kenbegud's analysis of grading and pricing. Even with increasing populations, the analysis suggests that the HOF Coins are being converted into HOF Collectibles with the autographed labels (and likely being priced higher (1x -3x) as a result).
The FS 70 coin/collectible might be the trifecta (First Strike + Grade = 70, + autograph)!
Here are some numbers for HOF Baseball gold coins in FS 70 grade from the PCGS Population Reports:
o Population of First Strike MS70 gold Baseball coins: 845; Available FS70 not autographed: 382 coins or 45.2% non autographed vs. 463 or 54.7% autographed labeled
o Population of First Strike PR70 gold Baseball coins: 1,168; Available FS70 not autographed: 649 coins or 55.6% non autographed vs. 519 or 44.4% autographed labeled
The non autographed FS '70 coins are those that have only the First Strike Label without autographs. You can then determine the number with autograph. So the collector can decide which coin or collectible that he wants to buy. By the way, there is a scarcity of HOF gold coins on many major dealer websites.
Just my thoughts.....
Edited to add:
I need to edit my original post which suggests that relabeling might be happening. This might be true but I don't know the degree or the extent.
The key thoughts that I was trying to make:
o There is a tug of war between collectors and dealers/marketers for a limited number of the desirable FS Grade 70 HOF gold coins. You can see by the percentages that a significant number of FS Grade 70 gold coins have autographed labels.
o The collector has to make a decision whether to buy a regular FS Grade 70 gold coin or buy a higher priced FS Grade 70 gold coin with an autograph.
o For a marketer, the winning trifecta = (First Strike + Grade70 + autograph)!
Interesting analysis ebizgobro. I can't see this happening again as autographs are suited to personality type products rather than organizations, places or things which are the topics of most commemorative coins. It could, and probably will, happen again if the Football commemorative gets made.
From The Mint News Blog; Pro Football Hall of Fame Commemorative Coin Act
S. 1842 Introduced December 17, 2013 (24 cosponsors) H.R. 1653 Introduced April 18, 2013 (34 cosponsors)
Up to 50,000 $5 gold coins, 400,000 silver dollars, and 750,000 clad half dollars would be issued in 2017 to recognize and celebrate the Pro Football Hall of Fame. In the 112th Congress, a bill had passed in the House with 294 cosponsors, but ultimately failed become law.
You prompted me to try and determine the total $5 coins produced in the first round from population reports. PCGS shows for all types submitted, autographed, Baltimore, FS and non FS a total of 1,227 graded MS. 1,608 PF. NGC only shows for Baltimore 102 MS, 105 PF so I can't really get an accurate number. They also had autographed labels. How many is unknown at this time.
Disregarding the minor TPG's and totaling only the published numbers from PCGS and NGC there have been 1,329 MS and 1,713 PF graded. Making a wild assumption of 75% sent in for grading results in a guess of 1,772 MS, 2,284 PF made. Just for slop factor I'll round it up to 2,500 of each made in the first round. All guesstimate and assumption, no claim to accuracy, until the mint says how many were actually made in anticipation of the final distribution of the 50,000 maximum allowed between MS & PF. I doubt they will ever reveal these numbers.
Interesting guesstimate of 2,500 gold unc and 2,500 gold proof.
In my previous posts, I guessed 5,000 unc gold and 10,000 gold proof. These numbers were based on 2% of mintage was Baltimore First Pitch and compared to the 2013 McArthur Gold. The numbers were in the range.
I would agree now that I see the current PCGS populations, I think my guess was too high. Of course, we don't know the number of gold coins entombed in sealed boxes yet to be graded.
My total of 5,000 kinda fits a 10% preliminary mintage. I think they could have done 20% (5,000 each) or even 30% (7,500 each) total and still been safe. 10,000 each wouldn't be out of line either.
<< <i>Sold a proof 70 gold $5 on ebay for the going price - noticed the buyer was a very prominent coin/bullion dealer....
Didn't know those guys were out lurking and buying at full retail? Kind of strange.
Is the price headed North? Is anyone aware of something we are not? Errors? >>
7 over 8
What we may be seeing is the "Baseballcardization" of the HOF Baseball Coins, with credits to RYK and Manorcourtman for the term. What may be happening is the conversion of HOF Baseball Coins to HOF Baseball Collectibles (coin with autograph) after grading.
I reviewed Goldbully's latest post of PCGS population and Kenbegud's analysis of grading and pricing. Even with increasing populations, the analysis suggests that the HOF Coins are being converted into HOF Collectibles with the autographed labels (and likely being priced higher (1x -3x) as a result).
The FS 70 coin/collectible might be the trifecta (First Strike + Grade = 70, + autograph)!
Here are some numbers for HOF Baseball gold coins in FS 70 grade from the PCGS Population Reports:
o Population of First Strike MS70 gold Baseball coins: 845; Available FS70 not autographed: 382 coins or 45.2% non autographed vs. 463 or 54.7% autographed labeled
o Population of First Strike PR70 gold Baseball coins: 1,168; Available FS70 not autographed: 649 coins or 55.6% non autographed vs. 519 or 44.4% autographed labeled
The non autographed FS '70 coins are those that have only the First Strike Label without autographs. You can then determine the number with autograph. So the collector can decide which coin or collectible that he wants to buy. By the way, there is a scarcity of HOF gold coins on many major dealer websites.
Just my thoughts..... >>
I am waiting for when they take 70 Grade First Strike First Pitch Labels and convert to add Signatures of players along with Cassie McFarland signature..
I realized that I need to edit my original post which suggests that relabeling might be happening. This might be true but I don't know the degree or the extent.
The key thoughts that I was trying to make:
o There is a tug of war between collectors and dealers/marketers for a limited number of the desirable FS Grade 70 HOF gold coins. You can see by the percentages that a significant number of FS Grade 70 gold coins have autographed labels.
o The collector has to make a decision whether to buy a regular FS Grade 70 gold coin or buy a higher priced FS Grade 70 gold coin with an autograph.
o For a marketer, the winning trifecta = (First Strike + Grade70 + autograph)!
I can't fault your thinking. The other question is if these autographed labels, as well as the coins themselves, will hold their value and premium. Are you willing to pay the premium today regardless.
Ahhhhhhhh ----------- my 3/28 pre-2am gold orders are the same ship date of 6/30 (wooooooooo). My 3/28 646pm orders are still mid-July shipping. Never expected to get them -- just a test order but --
OH YEAH I'LL TAKE THEM order!!!
Have any later orders been cancelled? What's the latest cancelled order?
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
“We have (for sale) the key to the entire MS-series.For your consideration, is the one-and-only 2014-W PCGS certified Tony LaRussa MS70 Baseball Hall of Fame $5 Gold Coin.”
What a game - those autographs aren't worth anywhere near the $1,000+ asking price over the going price of the coin....
Additionally, I am surprised that the autographed label is being done exclusively for ONE dealer. I didn't think PCGS would be involved in this kind of thing....
It's amazing how I always see these things differently than others, I am actually glad they are doing the autographed coins because it is another venue for the coins. Now would I pay the price for that coin? Hell no, but there are people that will and it is their money. Any one of the thousand billionaires in the Bay Area would buy that coin because they have the internet money.I would like to see about 200 times the number of autographed coins that are out there now, it drives up the prices for all the coins, not just the autographed ones.
I agree with opening up the market to thousands of baseball fans, however, selling a coin at current market of $1500 is fine, slapping a $100 autograph on it and getting $2500 is ridiculous.
So you open the market up and people flood in and buy overpriced autographed labels, then they find out what they are truly worth when they try to sell in 6 months to a year later - and POOF!!!! they are turned off by coins forever.......
PCGS Baseball Hall of Fame Autograph Label Program Grows. Is the Bambino about to earn his first gold glove?
Professional Coin Grading Service (PCGS) has been out in front of the marketing surrounding the 2014 National Baseball Hall of Fame commemorative coin program. Not only did the Newport Beach-based company instigate a quick sell-out of gold $5 and silver $1 coins at the Spring Whitman Expo in Baltimore with its special limited edition “First Pitch” labels, but it also brought to market specialty labels with authentic signatures of Hall of Fame baseball players.
Earlier this week, in an article posted on the blog Sports Collectors Daily, PCGS Vice President of Business Development and Senior Grader Michael “Miles” Standish told writer Aaron Wasser that PCGS has “inked” contracts with 18 Baseball Hall of Fame players to sign labels for PCGS. CoinWeek’s Louis Golino reported on May 13 that at least half a dozen signature labels had already hit the market.
We can now confirm the following players will join the ranks: Jim Palmer, Johnny Bench, Lou Brock, Bob Gibson, Tom Glavine, Frank Robinson, Pedro Martinez, Orlando Cepeda, and Billy Williams.
Standish also told Wasser (and confirmed with us)[3] that PCGS is looking at offering a limited edition product with signature cuts from baseball greats from the past: Babe Ruth, Ted Williams, Mickey Mantle, and so on. The limiting factor will be the size of the label, which measures 13/16” by 1 ¾”.
THIS WILL KEEP DEMAND AND PRICES HIGH FOR GOLD COINS. THE 70 FIRST STRIKES WILL LIKELY HOLD OR INCREASE IN DEMAND AND PRICE.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
<< <i>PCGS Baseball Hall of Fame Autograph Label Program Grows. Is the Bambino about to earn his first gold glove?
Professional Coin Grading Service (PCGS) has been out in front of the marketing surrounding the 2014 National Baseball Hall of Fame commemorative coin program. Not only did the Newport Beach-based company instigate a quick sell-out of gold $5 and silver $1 coins at the Spring Whitman Expo in Baltimore with its special limited edition “First Pitch” labels, but it also brought to market specialty labels with authentic signatures of Hall of Fame baseball players.
Earlier this week, in an article posted on the blog Sports Collectors Daily, PCGS Vice President of Business Development and Senior Grader Michael “Miles” Standish told writer Aaron Wasser that PCGS has “inked” contracts with 18 Baseball Hall of Fame players to sign labels for PCGS. CoinWeek’s Louis Golino reported on May 13 that at least half a dozen signature labels had already hit the market.
We can now confirm the following players will join the ranks: Jim Palmer, Johnny Bench, Lou Brock, Bob Gibson, Tom Glavine, Frank Robinson, Pedro Martinez, Orlando Cepeda, and Billy Williams.
Standish also told Wasser (and confirmed with us)[3] that PCGS is looking at offering a limited edition product with signature cuts from baseball greats from the past: Babe Ruth, Ted Williams, Mickey Mantle, and so on. The limiting factor will be the size of the label, which measures 13/16” by 1 ¾”.
THIS WILL KEEP DEMAND AND PRICES HIGH FOR GOLD COINS. THE 70 FIRST STRIKES WILL LIKELY HOLD OR INCREASE IN DEMAND AND PRICE. >>
This will further water down the appeal imho. What killed baseball cards in the 90's...........the flood of products to the market. I think someone is making some serious miscalculations.When the floodgates of supply open and hit the market in a few weeks combined with these overpriced "collectables" you have the makings of ..................well you figure it out.
<< <i> This will further water down the appeal imho. What killed baseball cards in the 90's...........the flood of products to the market. I think someone is making some serious miscalculations.When the floodgates of supply open and hit the market in a few weeks combined with these overpriced "collectables" you have the makings of ..................well you figure it out. >>
Can't disagree that much...how ever..there isn't another coin series that is more likely to fall into the plethora of autographs than baseball. Unless it's the proposed football series which hasn't passed yet (no pun intended). Coins usually are dead people, places, events or organizations that just don't fit with autographs. So this is a short lived glitch only.
<< <i> This will further water down the appeal imho. What killed baseball cards in the 90's...........the flood of products to the market. I think someone is making some serious miscalculations.When the floodgates of supply open and hit the market in a few weeks combined with these overpriced "collectables" you have the makings of ..................well you figure it out. >>
Can't disagree that much...how ever..there isn't another coin series that is more likely to fall into the plethora of autographs than baseball. Unless it's the proposed football series which hasn't passed yet (no pun intended). Coins usually are dead people, places, events or organizations that just don't fit with autographs. So this is a short lived glitch only. >>
I agree but it will drive the price of these gold coming out now crazy. Can you imagine what a gold Babe Ruth will go for? His watch just sold for mega money.
Will happen if they use certified real autographs and not authorized facsimiles. This will take clipping real autographs from minor documents with low upside potential as they are now. How many could be optimized this way? Not that many I'd guess. There would be value there. Again this is a limited opportunity for dealers to cash in, they are going to go for it. They don't have FS available but will have autographs. Those old ball players are getting a slice too.
Comments
<< <i>What was the going price? >>
$1500
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
I made a spread sheet for percentages of the grading so far. Numbers as of 5/29, no autographs, as shown in the population report - which for me only updates on Sunday morning so they may be out dated already.
Non FS percentages show the low numbers submitted so far. This will pick up with new shipments happening and are sent off for grading. The numbers so far are so low as to not portray a realistic percentage of the grades.
The lowest percentage of 70's are the MS & PF halves. Greatest are the gold $5. Only a single under 68 coin, an MS $1, has been slabbed. The mint has done pretty well as far as quality goes for the first batch of coins. One can only hope the trend continues as newly minted coins start being delivered.
<< <i>Any more orders go to "In Stock and Reserved" today? The pipeline seems to have closed down again... >>
You might have something there. Placed 2 orders on 3-27.
My first order at 1:10 is in ISR.
Order #2 at 4:47 expected to ship 6-30.
<< <i>Sold a proof 70 gold $5 on ebay for the going price - noticed the buyer was a very prominent coin/bullion dealer....
Didn't know those guys were out lurking and buying at full retail? Kind of strange.
Is the price headed North? Is anyone aware of something we are not? Errors? >>
7 over 8
What we may be seeing is the "Baseballcardization" of the HOF Baseball Coins, with credits to RYK and Manorcourtman for the term.
What may be happening is the conversion of HOF Baseball Coins to HOF Baseball Collectibles (coin with autograph) after grading.
I reviewed Goldbully's latest post of PCGS population and Kenbegud's analysis of grading and pricing. Even with increasing populations, the analysis
suggests that the HOF Coins are being converted into HOF Collectibles with the autographed labels (and likely being priced higher (1x -3x) as a result).
The FS 70 coin/collectible might be the trifecta (First Strike + Grade = 70, + autograph)!
Here are some numbers for HOF Baseball gold coins in FS 70 grade from the PCGS Population Reports:
o Population of First Strike MS70 gold Baseball coins: 845; Available FS70 not autographed: 382 coins or 45.2% non autographed vs. 463 or 54.7% autographed labeled
o Population of First Strike PR70 gold Baseball coins: 1,168; Available FS70 not autographed: 649 coins or 55.6% non autographed vs. 519 or 44.4% autographed labeled
The non autographed FS '70 coins are those that have only the First Strike Label without autographs. You can then determine the number with autograph.
So the collector can decide which coin or collectible that he wants to buy. By the way, there is a scarcity of HOF gold coins on many major dealer websites.
Just my thoughts.....
Edited to add:
I need to edit my original post which suggests that relabeling might be happening. This might be true but I don't know the degree or the extent.
The key thoughts that I was trying to make:
o There is a tug of war between collectors and dealers/marketers for a limited number of the desirable FS Grade 70 HOF gold coins. You can see by the percentages that a significant number of FS Grade 70 gold coins have autographed labels.
o The collector has to make a decision whether to buy a regular FS Grade 70 gold coin or buy a higher priced FS Grade 70 gold coin with an autograph.
o For a marketer, the winning trifecta = (First Strike + Grade70 + autograph)!
<< <i>
<< <i>Any more orders go to "In Stock and Reserved" today? The pipeline seems to have closed down again... >>
You might have something there. Placed 2 orders on 3-27.
My first order at 1:10 is in ISR.
Order #2 at 4:47 expected to ship 6-30. >>
NICE
Looks like 1:15P to 3:30P Gold orders are in stock and reserved.
My 4:50PM Gold order should be just around the corner
Mine is 6/30 for a 4:50PM order.
<< <i>What we may be seeing is the "Baseballcardization" of the HOF Baseball Coins, with credits to RYK and Manorcourtman for the term. >>
I believe you are correct ......
I can't wait.
From The Mint News Blog;
Pro Football Hall of Fame Commemorative Coin Act
S. 1842 Introduced December 17, 2013 (24 cosponsors)
H.R. 1653 Introduced April 18, 2013 (34 cosponsors)
Up to 50,000 $5 gold coins, 400,000 silver dollars, and 750,000 clad half dollars would be issued in 2017 to recognize and celebrate the Pro Football Hall of Fame. In the 112th Congress, a bill had passed in the House with 294 cosponsors, but ultimately failed become law.
You prompted me to try and determine the total $5 coins produced in the first round from population reports. PCGS shows for all types submitted, autographed, Baltimore, FS and non FS a total of 1,227 graded MS. 1,608 PF. NGC only shows for Baltimore 102 MS, 105 PF so I can't really get an accurate number. They also had autographed labels. How many is unknown at this time.
Disregarding the minor TPG's and totaling only the published numbers from PCGS and NGC there have been 1,329 MS and 1,713 PF graded. Making a wild assumption of 75% sent in for grading results in a guess of 1,772 MS, 2,284 PF made. Just for slop factor I'll round it up to 2,500 of each made in the first round. All guesstimate and assumption, no claim to accuracy, until the mint says how many were actually made in anticipation of the final distribution of the 50,000 maximum allowed between MS & PF. I doubt they will ever reveal these numbers.
Interesting guesstimate of 2,500 gold unc and 2,500 gold proof.
In my previous posts, I guessed 5,000 unc gold and 10,000 gold proof. These numbers were based on 2% of mintage was Baltimore First Pitch and compared to the 2013 McArthur Gold. The numbers were in the range.
I would agree now that I see the current PCGS populations, I think my guess was too high. Of course, we don't know the number of gold coins entombed in sealed boxes yet to be graded.
My total of 5,000 kinda fits a 10% preliminary mintage. I think they could have done 20% (5,000 each) or even 30% (7,500 each) total and still been safe. 10,000 each wouldn't be out of line either.
<< <i>
<< <i>Sold a proof 70 gold $5 on ebay for the going price - noticed the buyer was a very prominent coin/bullion dealer....
Didn't know those guys were out lurking and buying at full retail? Kind of strange.
Is the price headed North? Is anyone aware of something we are not? Errors? >>
7 over 8
What we may be seeing is the "Baseballcardization" of the HOF Baseball Coins, with credits to RYK and Manorcourtman for the term.
What may be happening is the conversion of HOF Baseball Coins to HOF Baseball Collectibles (coin with autograph) after grading.
I reviewed Goldbully's latest post of PCGS population and Kenbegud's analysis of grading and pricing. Even with increasing populations, the analysis
suggests that the HOF Coins are being converted into HOF Collectibles with the autographed labels (and likely being priced higher (1x -3x) as a result).
The FS 70 coin/collectible might be the trifecta (First Strike + Grade = 70, + autograph)!
Here are some numbers for HOF Baseball gold coins in FS 70 grade from the PCGS Population Reports:
o Population of First Strike MS70 gold Baseball coins: 845; Available FS70 not autographed: 382 coins or 45.2% non autographed vs. 463 or 54.7% autographed labeled
o Population of First Strike PR70 gold Baseball coins: 1,168; Available FS70 not autographed: 649 coins or 55.6% non autographed vs. 519 or 44.4% autographed labeled
The non autographed FS '70 coins are those that have only the First Strike Label without autographs. You can then determine the number with autograph.
So the collector can decide which coin or collectible that he wants to buy. By the way, there is a scarcity of HOF gold coins on many major dealer websites.
Just my thoughts.....
I am waiting for when they take 70 Grade First Strike First Pitch Labels and convert to add Signatures of players along with Cassie McFarland signature..
The key thoughts that I was trying to make:
o There is a tug of war between collectors and dealers/marketers for a limited number of the desirable FS Grade 70 HOF gold coins. You can see by the percentages that a significant number of FS Grade 70 gold coins have autographed labels.
o The collector has to make a decision whether to buy a regular FS Grade 70 gold coin or buy a higher priced FS Grade 70 gold coin with an autograph.
o For a marketer, the winning trifecta = (First Strike + Grade70 + autograph)!
PCGS MS70 FIRST STRIKE SOLD FOR $ 1,802
PCGS MS70 FS HOF GOLD
<< <i>Just when you thought prices had peaked, this happens:
PCGS MS70 FIRST STRIKE SOLD FOR $ 1,802
PCGS MS70 FS HOF GOLD >>
That seems real strong.
On the guys with "In stock and reserved", what were your expected shipping dates?
My 3:50pm order isn't showing anything yet, still expected to ship 6/30.
Overdate, BestMR, Weather11AM, TDEC1000, Carew4me, BigMarty58, Coinsarefun, Golfer72, UnknownComic, DMarks, JFoot13, ElKevvo, Truthteller, Duxbutt, TwoSides2aCoin, PerryHall, mhammerman, Papabear, Wingsrule, WTCG, MillerJW, Ciccio, zrlevin, dantheman984, tee135, jdimmick, gsa1fan, jmski52, SUMORADA, guitarwes, bstat1020, pitboss, meltdown, Schmitz7, 30AnvZ28, pragmaticgoat, wondercoin & MkMan123
<< <i>Wow, maybe time to sell the 70s and buy them back in 3 months for $500 less?
On the guys with "In stock and reserved", what were your expected shipping dates?
My 3:50pm order isn't showing anything yet, still expected to ship 6/30. >>
My dates were 6/30 also.
My 6 gold coins from 6 different orders that went " in stock and reserved" were ordered from 1:16 to 1:45.
OH YEAH I'LL TAKE THEM order!!!
Have any later orders been cancelled? What's the latest cancelled order?
..and my 209p IS&R order was a 6/30 ship
the May 30 dated shipments. That't the way we do it here!
<< <i>Wow, maybe time to sell the 70s and buy them back in 3 months for $500 less?
On the guys with "In stock and reserved", what were your expected shipping dates?
My 3:50pm order isn't showing anything yet, still expected to ship 6/30. >>
1:30, 6/30
When it ships, It ships. Around and around and around it goes, where the mint shipping wheel stops nobody knows.
Ask Bullsitter, he knows.
<< <i>1:30, 6/30 >>
Really?
My 207p went IS&R on Wednesday.....
$10,000 BIN
“We have (for sale) the key to the entire MS-series.For your consideration, is the one-and-only 2014-W PCGS certified Tony LaRussa MS70 Baseball Hall of Fame $5 Gold Coin.”
eBay Link
Box of 20
<< <i>Has modern coin collecting turned into autograph collecting with a coin thrown in as a bonus? >>
Good idea. I'd take an AG3 1908 IHC with an original Longacre autograph insert.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
Additionally, I am surprised that the autographed label is being done exclusively for ONE dealer. I didn't think PCGS would be involved in this kind of thing....
<< <i>I am holding off for a PF70 with a bit of genuine Fenway Park infield dirt enclosed in the slab.... >>
I'm just taking my COA with me to the games and try to get a popular player to sign it....
So you open the market up and people flood in and buy overpriced autographed labels, then they find out what they are truly worth when they try to sell in 6 months to a year later - and POOF!!!! they are turned off by coins forever.......
Professional Coin Grading Service (PCGS) has been out in front of the marketing surrounding the 2014 National Baseball Hall of Fame commemorative coin program. Not only did the Newport Beach-based company instigate a quick sell-out of gold $5 and silver $1 coins at the Spring Whitman Expo in Baltimore with its special limited edition “First Pitch” labels, but it also brought to market specialty labels with authentic signatures of Hall of Fame baseball players.
Earlier this week, in an article posted on the blog Sports Collectors Daily, PCGS Vice President of Business Development and Senior Grader Michael “Miles” Standish told writer Aaron Wasser that PCGS has “inked” contracts with 18 Baseball Hall of Fame players to sign labels for PCGS. CoinWeek’s Louis Golino reported on May 13 that at least half a dozen signature labels had already hit the market.
We can now confirm the following players will join the ranks: Jim Palmer, Johnny Bench, Lou Brock, Bob Gibson, Tom Glavine, Frank Robinson, Pedro Martinez, Orlando Cepeda, and Billy Williams.
Standish also told Wasser (and confirmed with us)[3] that PCGS is looking at offering a limited edition product with signature cuts from baseball greats from the past: Babe Ruth, Ted Williams, Mickey Mantle, and so on. The limiting factor will be the size of the label, which measures 13/16” by 1 ¾”.
THIS WILL KEEP DEMAND AND PRICES HIGH FOR GOLD COINS. THE 70 FIRST STRIKES WILL LIKELY HOLD OR INCREASE IN DEMAND AND PRICE.
<< <i>PCGS Baseball Hall of Fame Autograph Label Program Grows. Is the Bambino about to earn his first gold glove?
Professional Coin Grading Service (PCGS) has been out in front of the marketing surrounding the 2014 National Baseball Hall of Fame commemorative coin program. Not only did the Newport Beach-based company instigate a quick sell-out of gold $5 and silver $1 coins at the Spring Whitman Expo in Baltimore with its special limited edition “First Pitch” labels, but it also brought to market specialty labels with authentic signatures of Hall of Fame baseball players.
Earlier this week, in an article posted on the blog Sports Collectors Daily, PCGS Vice President of Business Development and Senior Grader Michael “Miles” Standish told writer Aaron Wasser that PCGS has “inked” contracts with 18 Baseball Hall of Fame players to sign labels for PCGS. CoinWeek’s Louis Golino reported on May 13 that at least half a dozen signature labels had already hit the market.
We can now confirm the following players will join the ranks: Jim Palmer, Johnny Bench, Lou Brock, Bob Gibson, Tom Glavine, Frank Robinson, Pedro Martinez, Orlando Cepeda, and Billy Williams.
Standish also told Wasser (and confirmed with us)[3] that PCGS is looking at offering a limited edition product with signature cuts from baseball greats from the past: Babe Ruth, Ted Williams, Mickey Mantle, and so on. The limiting factor will be the size of the label, which measures 13/16” by 1 ¾”.
THIS WILL KEEP DEMAND AND PRICES HIGH FOR GOLD COINS. THE 70 FIRST STRIKES WILL LIKELY HOLD OR INCREASE IN DEMAND AND PRICE. >>
This will further water down the appeal imho. What killed baseball cards in the 90's...........the flood of products to the market. I think someone is making some serious miscalculations.When the floodgates of supply open and hit the market in a few weeks combined with these overpriced "collectables" you have the makings of ..................well you figure it out.
The gold in particular will be a winner in my opinion as there are just no that many of them.
The clad will not do as well.
Where do we go from here, who knows?
<< <i> This will further water down the appeal imho. What killed baseball cards in the 90's...........the flood of products to the market. I think someone is making some serious miscalculations.When the floodgates of supply open and hit the market in a few weeks combined with these overpriced "collectables" you have the makings of ..................well you figure it out. >>
Can't disagree that much...how ever..there isn't another coin series that is more likely to fall into the plethora of autographs than baseball. Unless it's the proposed football series which hasn't passed yet (no pun intended). Coins usually are dead people, places, events or organizations that just don't fit with autographs. So this is a short lived glitch only.
<< <i>
<< <i> This will further water down the appeal imho. What killed baseball cards in the 90's...........the flood of products to the market. I think someone is making some serious miscalculations.When the floodgates of supply open and hit the market in a few weeks combined with these overpriced "collectables" you have the makings of ..................well you figure it out. >>
Can't disagree that much...how ever..there isn't another coin series that is more likely to fall into the plethora of autographs than baseball. Unless it's the proposed football series which hasn't passed yet (no pun intended). Coins usually are dead people, places, events or organizations that just don't fit with autographs. So this is a short lived glitch only. >>
I agree but it will drive the price of these gold coming out now crazy. Can you imagine what a gold Babe Ruth will go for? His watch just sold for mega money.