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HOF $5's showing up on the BST. It appears a race to the bottom.
agentjim007
Posts: 6,256 ✭
I see more listings each getting a little cheaper and haven't seen a sold yet. More will get these from the mint and that doesn't bode well for higher prices near term. I have to laugh when I see PayPal gift. You're trying to double your money and you won't cover approximately 25 buck fee?
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How many "letters" are incuse design on the coin and how many of them are "devices" or rather "extruded" raised elements ?
Just as an aside. ( I think I know from looking really close)
``https://ebay.us/m/KxolR5
<< <i>I see more listings each getting a little cheaper and haven't seen a sold yet. More will get these from the mint and that doesn't bode well for higher prices near term…. >>
…and I have a WTB for a FS $5 MS70 for $1500 and I haven't gotten the 1st inquiry….maybe I should just buy a couple of them raw and
take my chances…giving up FS but then I wanted that to match my PR70….
I got my gold yesterday. Sent them off to PCGS this morning. I have no plans to sell unless I suddenly find myself in dire straights, so I don't really care what they sell for now: long term I think these have legs.
<< <i>It's funny how gleeful people sound about all this
I got my gold yesterday. Sent them off to PCGS this morning. I have no plans to sell unless I suddenly find myself in dire straights, so I don't really care what they sell for now: long term I think these have legs. >>
While I think there will always be a market form them (more than can be said for plenty of moderns), the price pattern these have experienced seams to be tracking the same as most flash in the pan new issues. Boom to start and back to avg by the time the mass marketers move on.
<< <i>
<< <i>It's funny how gleeful people sound about all this
I got my gold yesterday. Sent them off to PCGS this morning. I have no plans to sell unless I suddenly find myself in dire straights, so I don't really care what they sell for now: long term I think these have legs. >>
While I think there will always be a market form them (more than can be said for plenty of moderns), the price pattern these have experienced seams to be tracking the same as most flash in the pan new issues. Boom to start and back to avg by the time the mass marketers move on. >>
I really believe that the Gold First Strike labels will be the big winners, once the dust settles on these.
It's crazy how First Strike adds such obscene premiums to certain moderns.....ergo the 2009 UHR.
the market collapses?
Can anyone venture a guess as to why Mint production numbers have seen a steady decline over the last several years?
has it not been advantageous to sell in the early stages?
From 2006 and beyond, for instance.
<< <i>For those that have seen a few of these trends, when, other than with the 2009 UHR,
has it not been advantageous to sell in the early stages?
From 2006 and beyond, for instance. >>
2008 Reverse of 2007 and the GW coin covers.
<< <i>I find it funny that flippers are trying to sell to fellow flippers on the BST board. I'm sure many are feeling the pressure to pay the credit card bill that will be coming due. Life as a flipper is a roller coaster ride and right now the coaster is heading downhill at 100 mph. >>
Glad I retired from the game but I don't think there will be a flood...rather a Tsunami
I think these curved coins will end up Flat. The exception being the FS coins. The rest, flat. It's going to take a long time to sell these out the second time and by then most will be focused on the FootBall Commems...
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
<< <i>I don't think these will fall flat at all. I just think people are in panic mode (ie. Gotta pay off the credit card balance before the next cycle.) We all knew they would resume shipping. So, what's the problem? >>
They're just trying to raise capital so they can Saddle up.
Saddle Ridge Hoard is going fast!
``https://ebay.us/m/KxolR5
<< <i>
<< <i>It's funny how gleeful people sound about all this
I got my gold yesterday. Sent them off to PCGS this morning. I have no plans to sell unless I suddenly find myself in dire straights, so I don't really care what they sell for now: long term I think these have legs. >>
While I think there will always be a market form them (more than can be said for plenty of moderns), the price pattern these have experienced seams to be tracking the same as most flash in the pan new issues. Boom to start and back to avg by the time the mass marketers move on. >>
The gold coins will have legs in the "Here After" After the flippers glut blows over. I spent many years dealing in sports memorabilia and think the crossover potential of these coins is enormous. It will take a while for word of these to spread around the sports circles. The PCGS slabs with the real HOF player autographs will be very popular. Once the collectors who did not get coins buy up the cheaper flipper coins the demand will pick up for gold coins to go with the autographs.
The silver coins will tank during the coming glut, however the will recover to a modest premium in the here after.
The design and looks of this issue and its appeal to baseball fan will set it apart for other commemoratives.
<< <i>My trivia question was too tough.
Wouldn't know. Wasn't part of the thread and was just a divergence. I prefer to respect the originator of a thread by sticking to what was proposed....
To the original question.....I agree, near term, they will keep going down as, like another said, people will flip to pay off credit card bills. I also laughed at your observation around the PPG bit..... when I was selling the 2006 SAE annv sets, PPG wasn't an issue, but I remember offering free shipping while others were charging for it.... and the markups were insane.....
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
<< <i>My trivia question was too tough.
Wouldn't know. Wasn't part of the thread and was just a divergence. I prefer to respect the originator of a thread by sticking to what was proposed....
To the original question.....I agree, near term, they will keep going down as, like another said, people will flip to pay off credit card bills. I also laughed at your observation around the PPG bit….. when I was selling the 2006 SAE annv sets, PPG wasn't an issue, but I remember offering free shipping while others were charging for it…. and the markups were insane….. >>
Yeah, I see what you mean about a divergence, with respect to what's proposed, numismatically speaking, that is.
But the trivia question remains the same
Incused and Raised letters.
``https://ebay.us/m/KxolR5
<< <i>
<< <i>
<< <i>It's funny how gleeful people sound about all this
I got my gold yesterday. Sent them off to PCGS this morning. I have no plans to sell unless I suddenly find myself in dire straights, so I don't really care what they sell for now: long term I think these have legs. >>
While I think there will always be a market form them (more than can be said for plenty of moderns), the price pattern these have experienced seams to be tracking the same as most flash in the pan new issues. Boom to start and back to avg by the time the mass marketers move on. >>
The gold coins will have legs in the "Here After" After the flippers glut blows over. I spent many years dealing in sports memorabilia and think the crossover potential of these coins is enormous. It will take a while for word of these to spread around the sports circles. The PCGS slabs with the real HOF player autographs will be very popular. Once the collectors who did not get coins buy up the cheaper flipper coins the demand will pick up for gold coins to go with the autographs.
The silver coins will tank during the coming glut, however the will recover to a modest premium in the here after.
The design and looks of this issue and its appeal to baseball fan will set it apart for other commemoratives.
Where did you buy your crystal ball?
Months of statistical analysis along with watching the markets and many years of experience. It's what I do and
my success has provided well for me & my family, my daughter and her family and the grandkids for now and
well into the future. Life is Good.
P.S. not from selling coins just a part time collector, however I like to do the same in depth analysis of coins I am interested in as part of my hobby.
<< <i>I'm a buyer of one at issue price when that day gets here >>
That day was 3/27/14. Good luck in your time travels.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Yeah, well the waiting room waited me out
As a baseball fan I'm glad I got one of each.
o eBay Listings for HOF $5 increased from (233) on Thur am 6/5 to (322) Sat am 6/7.
oo Some are multiple coins in boxes so the number of available coins has increased more than just the listings.
o Listings for PCGS and NGC graded $5 coins has remained fairly steady from 102 to 106.
o PCGS FS MS70 and FS PR70 (without autographs) remain scarce with availability in single digits.
Just some interesting data points.
<< <i>No crystal ball needed.
Months of statistical analysis along with watching the markets and many years of experience. It's what I do and
my success has provided well for me & my family, my daughter and her family and the grandkids for now and
well into the future. Life is Good.
P.S. not from selling coins just a part time collector, however I like to do the same in depth analysis of coins I am interested in as part of my hobby.
Are the Saddle Ridge coins among those that you are interested in to the point of having done or intending to do an "in depth analysis?" Looking forward to your take if you have/are going to do so.
While they are nice they are out of the price range of your average collector where the HOF coins are not.
The HOF coins also have the baseball attachment to them which attracts a wider range of collector to them.
Those that are lowering their prices now are soon going to be out of them and will be kicking themselves later.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>I wonder how much longer it will take for the private enterprise profiteers to market a silver or even silver clad round of extremely similar design. I'm surprised that they're not flooding the market already.
Westminster Mint is now selling FIFA soccer curved silver coins on their website as advertized in yesterday's WSJ.
I do not know how to link but just go to Westminster Mint web site and you will see them.
Disclosure...I have nothing to do with them and actually never will.
Right now the mint is just trying to get all the gold distributed before tackling the silver and then pushing on to the clads.
By the time they get to the clads the gold will be very expensive.
edit to add: "respective"
Rightful owners are still RIGHTFUL
``https://ebay.us/m/KxolR5
Edited to make mbogoman happy and get him out of the insane asylum.
PS: Had cataract surgery last Wednesday and my sight hasn't returned to normal.
<< <i>The Mint made a HUGH mistake by not offering the clads at the ballparks. If they had the demand for the sold and silver coins would be astronomical. Just wait until John Q Public find out about the coins and all the fast buck artists have sold. I have a shipment of gold HOF coins sitting at the local UPS depot that will be delivered Monday. They will remain in the box until this selling wave is over which surely won't last long. 50k gold coins isn't many compared to the millions of fans. >>
Interesting and I would guess you are correct. Opportunity for the private sector I think.
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
<< <i>
The HOF coins also have the baseball attachment to them which attracts a wider range of collector to them.
Those that are lowering their prices now are soon going to be out of them and will be kicking themselves later. >>
There's more than that.
The design is the first of its kind in United States coinage. It is therefore a desirable coin for type collectors and perhaps even necessary. Of course it's critical for those who collect commemoratives.
There are already people collecting these odd shaped, "shark jumper" coins from around the world. Let's call them the "neonumia" collectors. The BHOF will be part of those collections. If the U.S. Mint continues making things like this, the BHOF's are the first of the series - more important.
One very interesting possibility is noted at New coin technology dominates 2014
<< <i>Once this technology is perfected it may at some later date join the British technology to produce “super coins” for circulation that hopefully will frustrate counterfeiters for a long time into the future. The technology should also make it interesting when a coin is flipped at the beginning of a sporting event. >>
If that happens, the BHOF's will be very, very important as the first of their kind in the United States.
Remember this: most of the wise heads did not anticipate the demand that these coins enjoyed. They generally predicted mild interest and some expected a total wash out. They were completely wrong and their current predictions may be just as off base.
<< <i>The saddle ridge coins will be all distributed and gone before these baseball coins are all even delivered to those that were lucky enough to get them.
While they are nice they are out of the price range of your average collector where the HOF coins are not.
The HOF coins also have the baseball attachment to them which attracts a wider range of collector to them.
Those that are lowering their prices now are soon going to be out of them and will be kicking themselves later. >>
northcoin
The saddle ridge coins are in two categories. The better high quality investment grade ones are out of my price range for investment but will surely increase in value.
The relatively less expensive ones are too overpriced because of the hype. Just my general opinion as I did not look very deep into these. My involvement in coins only started again
with the birth of my grandchildren. I am a Financial and Marketing Analyst and CEO of a private manufacturing company.
<< <i>At least the Mint is making a hugh attempt at getting these out. >>
Bullsitter,
They shipped a boatload last week as my 1:05 order would have shipped Monday, however my credit card issue put me
at the end of the approved charges which delayed my shipment until Friday. At least I will have it next week. This I will keep raw
for my grandson. Probably shipped 20,000 + coins during the week. Wait for the glut to pass if you are going to sell.
Here they come, soon to be arriving at your front door, signature required.
Box of 20
o Level 1: PCGS First Pitch and NGC Opening Day labels from the coins sold in Baltimore. The prices on these gold coins seems to be rising based upon the auctions and eBay listings. These are the highest priced HOF baseball gold coins. There were only 200 proof and 200 unc. sold in Baltimore.
o Level 2: PCGS First Stike and NGC ER labels (without autographs). For whatever reasons, the initial US Mint release and minting of these gold coins has clearly been delineated by these labels. The PCGS populations have not been increasing very much in the latest reports. There are an unknown number of gold coins entombed in sealed boxes waiting to be graded. The number of PCGS FS Grade 70 coins (without autographs) still remain in the single digits on eBay. As noted in a previous post, there is a tug of war between collectors and marketers over the FS Grade 70 coins which are desirable for the marketer's trifecta (First Strike + Grade 70 + autograph).
o Level 2a. This will be the non-First Strike Grade 70 coins. To date, the number of these has been very low to date but will increase as the current US Mint releases increase the supply and these coins are sent to PCGS for grading. The increase will probably be seen starting in late June as the PCGS grades them. This might be valuable for the marketer's daily double ( Grade 70 + autograph)
o Level 3: raw coins. The current shipping of gold coins has greatly increased the supply of raw coins. The FS deadline of 5/6 and NGC deadline of 5/8 have passed and no more FS labels except for those in sealed boxes. This is the level most impacted by the great increase in supply. We will see how low they go.
Just some thoughts...
Edited to add Level 2a
<< <i>In the wild wild world of HOF Baseball gold coins, there seems to be multiple levels of coin prices:
o Level 1: PCGS First Pitch and NGC Opening Day labels from the coins sold in Baltimore. The prices on these gold coins seems to be rising based upon the auctions and eBay listings. These are the highest priced HOF baseball gold coins. There were only 200 proof and 200 unc. sold in Baltimore.
o Level 2: PCGS First Stike and NGC ER labels (without autographs). For whatever reasons, the initial US Mint release and minting of these gold coins has clearly been delineated by these labels. The PCGS populations have not been increasing very much in the latest reports. There are an unknown number of gold coins entombed in sealed boxes waiting to be graded. The number of PCGS FS Grade 70 coins (without autographs) still remain in the single digits on eBay. As noted in a previous post, there is a tug of war between collectors and marketers over the FS Grade 70 coins which are desirable for the marketer's trifecta (First Strike + Grade 70 + autograph).
o Level 3: raw coins. The current shipping of gold coins has greatly increased the supply of raw coins. The FS deadline of 5/6 and NGC deadline of 5/8 have passed and no more FS labels except for those in sealed boxes. This is the level most impacted by the great increase in supply. We will see how low they go.
Just some thoughts... >>
Level 3: Wait till the end of the month! We haven't seen the majority of the mintage yet since they still have not shipped. Could be a bloodbath coming for several months, maybe longer, probably longer.
Level 2a. This will be the non-First Strike Grade 70 coins. To date, the number of these has been very low to date but will increase as the current US Mint releases increase the supply and these coins are sent to PCGS for grading. The increase will probably be seen starting in late June as the PCGS grades them. This might be valuable for the marketer's daily double ( Grade 70 + autograph)
Remember the 2006 1st strike flag Rev Silver proof went for 5600.00 ? outlandish prices should be an easy sell, and just buy again when prices go lower