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Bids on HOF Coins Falling Big Time - Dump them?

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  • 7Jaguars7Jaguars Posts: 7,783 ✭✭✭✭✭
    Perhaps not a scientific survey there! Many are at 58-75 Dollars closing prices on ebay....Single outlier(s) sales by major marketers may or may not be real sales, so what are the real prices one can get one for - that would be the determiner as to"value"?
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • telephoto1telephoto1 Posts: 4,964 ✭✭✭✭✭
    Anyone in panic mode that wants to bail their 70s at issue price, let me know... image

    RIP Mom- 1932-2012
  • My son, age 7, thought the design is quite nice. I agree. Luckily I only bought 1 proof silver dollar, though.
  • BigABigA Posts: 2,715 ✭✭✭✭
    Curious as to why you are "lucky" that you only bought one....
  • bestdaybestday Posts: 4,242 ✭✭✭✭


    << <i>

    << <i>The silver dollars are still going for $80-$90 raw. Is that a market collapsing? >>



    That is surprising considering dealer bids are lower than the OP post. >>



    not what dealers are paying to buy ..
    For the Raw Gold proof and MS baseball gold ... a very large Chicago dealer buy price for a has gone down to spot gold ... no premium
    ....ouch !!!
  • BigABigA Posts: 2,715 ✭✭✭✭


    << <i>

    << <i>

    << <i>The silver dollars are still going for $80-$90 raw. Is that a market collapsing? >>



    That is surprising considering dealer bids are lower than the OP post. >>



    not what dealers are paying to buy ..
    For the Raw Gold proof and MS baseball gold ... a very large Chicago dealer buy price for a has gone down to spot gold ... no premium
    ....ouch !!! >>



    So, umm, don't sell them to a dealer....
  • Cougar1978Cougar1978 Posts: 8,857 ✭✭✭✭✭
    I would just start them on ebay at 99c, let them rip for what they will bring. Unfortunately for many who bought 70's for big money they would face a hosing.
    Investor
  • Cougar1978Cougar1978 Posts: 8,857 ✭✭✭✭✭


    << <i>

    << <i>
    Yup, raw silver proof sold for $93 a couple of hours ago >>



    And this is supposedly a market undergoing a 'big time' collapse?

    The raw golds however, are clearly not retaining anything near their frothy levels of 6-8 weeks ago. >>



    The seller did well - CDN Bid is $75. He got retail money. If you don't think its collapsing (and that's just my opinion) well go out and buy some then. Not trying to scare you here lol.
    Investor
  • Cougar1978Cougar1978 Posts: 8,857 ✭✭✭✭✭


    << <i>4 sold for over $1800 on Ebay, 3 MS70s and 1 PR70, all regular FIRST STRIKE. These were sold in late May 2014. See Ebay completed sales, highest price first. >>



    Yes they probably sold them in the right window with the right buyer. This is one way you make money on USM products. If someone paid $1800 on one of these they are the end user. The July 11 CDN shows the MS and PF gold at 570 and 640 respectively. I might add $25 - $50 in making an offer for a 70 if this is where the bids are going to settle. My money is on them heading lower.
    Investor
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Never bought any !!!
    It's only worth bullion
    IMHO.
    Timbuk3
  • pitbosspitboss Posts: 8,643 ✭✭✭
    I sold mine at prices I felt very comfortable with.

    Cancelled 39 silver and 2 gold.

    I do not have any left and will not regret having sold them even if prices rise.

    I doubt very much they will rise higher that what I got for mine raw.

    If they do than i am happy for you guys that continue to stock up on them.

    Been there, done that, before!
  • MsMorrisineMsMorrisine Posts: 36,253 ✭✭✭✭✭


    << <i>I sold mine at prices I felt very comfortable with.

    Cancelled 39 silver and 2 gold.

    I do not have any left and will not regret having sold them even if prices rise.

    I doubt very much they will rise higher that what I got for mine raw.

    If they do than i am happy for you guys that continue to stock up on them.

    Been there, done that, before! >>




    what?! you're not getting Jeter to sign them?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • BigABigA Posts: 2,715 ✭✭✭✭


    << <i>Never bought any !!!
    It's only worth bullion
    IMHO. >>



    If "worth" is defined as what someone will pay then the silver is "worth" (at the present "depressed" levels) about 300-400% more than the bullion they contain

    fact...not opinion.

    We'll see what they're "worth" a few years from now
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,651 ✭✭✭✭✭
    One is enough for a collector. Most collectors do not comprehend this "dump" thought paradigm, especially with a coin most collectors haven't seen, yet. .
  • bestdaybestday Posts: 4,242 ✭✭✭✭
    Did the UHR in 2009 ever go down to the spot price ?..
  • libertydudelibertydude Posts: 243 ✭✭
    Dump dump dump (I still need to buy one image)
  • sparky64sparky64 Posts: 7,048 ✭✭✭✭✭


    << <i>Bids on HOF Coins Falling Big Time - Dump them? >>


    Yes, asap, so they can get into the hands of those who want them.

    "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

  • pitbosspitboss Posts: 8,643 ✭✭✭
    Some will win, some will lose!

    I know I am on the winning side on this one.

    At 74 years old it does not matter how much I win as long as I win.
  • MsMorrisineMsMorrisine Posts: 36,253 ✭✭✭✭✭


    << <i>Did the UHR in 2009 ever go down to the spot price ?.. >>




    Never
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • bestdaybestday Posts: 4,242 ✭✭✭✭


    << <i>

    << <i>Did the UHR in 2009 ever go down to the spot price ?.. >>




    Never >>



    thanks for the info... that means the HOFs gold are dead meat for a quite a long while ....to put it judiciously.... using technical ideas from trading ..
  • MsMorrisineMsMorrisine Posts: 36,253 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Did the UHR in 2009 ever go down to the spot price ?.. >>




    Never >>



    thanks for the info... that means the HOFs gold are dead meat for a quite a long while ....to put it judiciously.... using technical ideas from trading .. >>





    ????


    The raw ones are still over issue price on ebay

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • OPAOPA Posts: 17,147 ✭✭✭✭✭
    Raw silver ones are still averaging $80+...which btw, that's approx 75% above issue price. Your definition of "falling big times" has a tabloid ring to it. Raw 50 cent ones, although still available from the Mint, are selling for 30% above issue price. (eBay)
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • 123cents123cents Posts: 7,178 ✭✭✭
    Looks like the first strike golds are still bringing decent money.
    image
  • bestdaybestday Posts: 4,242 ✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Did the UHR in 2009 ever go down to the spot price ?.. >>




    Never >>



    thanks for the info... that means the HOFs gold are dead meat for a quite a long while ....to put it judiciously.... using technical ideas from trading .. >>





    ????


    The raw ones are still over issue price on ebay >>



    the price quoted was from a dealer's dealer.. where my dealer even buys coins from on a regular basis.. those buying on the bay in for a rude surprise if they find out what is going wholesale price
  • MsMorrisineMsMorrisine Posts: 36,253 ✭✭✭✭✭
    I'm not sure about wholesale prices for the UHR

    I'd buy multiples of the HOF gold at a wholesale of melt if the spouses weren't about to hit me.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭


    << <i>

    << <i>Never bought any !!!
    It's only worth bullion
    IMHO. >>



    If "worth" is defined as what someone will pay then the silver is "worth" (at the present "depressed" levels) about 300-400% more than the bullion they contain

    fact...not opinion.

    We'll see what they're "worth" a few years from now >>



    Who knows, the POS may be up 300-400% a few years from now . . .

    HH
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,651 ✭✭✭✭✭
    haha John. That's a good one.
    There hasn't even been a "discovery" made yet and we got these going to the smelter. (collectively, as it were). Oh the age of instant gratification. Woe is We
  • 3keepSECRETif2rDEAD3keepSECRETif2rDEAD Posts: 4,285 ✭✭✭✭✭


    << <i>Some will win, some will lose!

    I know I am on the winning side on this one.

    At 74 years old it does not matter how much I win as long as I win. >>



    74 years young and still winning! I love it image

    Erik
  • BigABigA Posts: 2,715 ✭✭✭✭


    << <i>the price quoted was from a dealer's dealer.. where my dealer even buys coins from on a regular basis.. those buying on the bay in for a rude surprise if they find out what is going wholesale price >>



    !) Those "buying on the bay" can't buy from a dealer's dealer

    2) If they are buying for their collection or even for potential future value they really don't care what the "wholesale" price (not available to them) is today....
  • pitbosspitboss Posts: 8,643 ✭✭✭


    << <i>

    << <i>Some will win, some will lose!

    I know I am on the winning side on this one.

    At 74 years old it does not matter how much I win as long as I win. >>



    74 years young and still winning! I love it image

    Erik >>




    I have lost my share over the years and have learned when to hold um and when to fold um. and for sure when to run.
  • foodudefoodude Posts: 3,583 ✭✭✭
    If they ever do get to around melt, I'll buy a few for myself- I think it is a really cool design.
    Greg Allen Coins, LLC Show Schedule: https://forums.collectors.com/discussion/573044/our-show-schedule-updated-10-2-16 Authorized dealer for NGC, PCGS, CAC, and QA. Member of PNG, RTT (Founding Platinum Member), FUN, MSNS, and NCBA (formerly ICTA); Life Member of ANA and CSNS. NCBA Board member. "GA3" on CCE.
  • BillJonesBillJones Posts: 34,898 ✭✭✭✭✭


    << <i>If they ever do get to around melt, I'll buy a few for myself- I think it is a really cool design. >>



    You might get your wish. I believe that a mintage of 50,000 pieces is too high to sustain are large premium for these coins. At the summer FUN show a couple of dealers had half a case of these coins raw, and they seemed to be going begging at $625. Although baseball is a popular topic, there are still limits as to how many people are willing to shell out over $500 for a quirky design that is repeated on two other much lower priced coins.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • pitbosspitboss Posts: 8,643 ✭✭✭
    And to think I got over $1200 for my first raw proof gold about a month or so ago and went slowly down from there until they were all gone.

    That is why I did the quick dump and run on these coins but made a profit all the way.

  • mariner67mariner67 Posts: 2,746 ✭✭✭
    Seems that some here who did the most complaining about the mint's shipping of these were the ones doing the most flipping.
    It is clear now why they were complaining so much....greed.
    JMHO.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • BillJonesBillJones Posts: 34,898 ✭✭✭✭✭


    << <i>Seems that some here who did the most complaining about the mint's shipping of these were the ones doing the most flipping.
    It is clear now why they were complaining so much....greed.
    JMHO. >>



    No, I did a lot of the complaining, and I'm still yet to receive a coin. I have gotten an email that says it will be shipped on August 1. I won't be doing any flipping because I don't think I'll have any buyers who will give me a profit.

    I think the lesson that can be taken for those who were sent to be a the back of the line because of the unfair distribution is that waiting is sometimes the best thing to do. The prices for many modern issues have a habit of coming down after the initial rush is done.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • PerryHallPerryHall Posts: 46,946 ✭✭✭✭✭


    << <i>I believe that a mintage of 50,000 pieces is too high to sustain are large premium for these coins. >>



    Actually, we are talking about two different coins. The Uncirculated $5 gold coins have a mintage of 17,974 and the Proof $5 gold coins have a mintage of 32,026.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • BillJonesBillJones Posts: 34,898 ✭✭✭✭✭


    << <i>

    << <i>I believe that a mintage of 50,000 pieces is too high to sustain are large premium for these coins. >>



    Actually, we are talking about two different coins. The Uncirculated $5 gold coins have a mintage of 17,974 and the Proof $5 gold coins have a mintage of 32,026. >>



    Yes, I know. Nobody buys the Uncirculated version and then there is a "low mintage," and it becomes "scarce" and "valuable." I've seen the Uncirculated version of this coin. It is dull, boring and unappealing. I'd buy pay no more than the bullion price for it; it does not interest me in the least. These Uncirculated coins are for dealers, flippers and speculators who think that "They will be good because they are rare." There is a reason why the Proof coins out sell the Uncirculated coins. Collectors find them more appealing.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • sparky64sparky64 Posts: 7,048 ✭✭✭✭✭


    << <i>Seems that some here who did the most complaining about the mint's shipping of these were the ones doing the most flipping.
    It is clear now why they were complaining so much....greed.
    JMHO. >>


    I did a bunch of the delay complaining.

    Purely for my collection and to give some away.

    Someone mentioned that they didn't understand my frustration, so I quit complaining here.
    Apparently I've lost touch with the way things work and I guess I need to lower my expectations. Waaayyyy lower that is.

    "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

  • 410a410a Posts: 1,325
    You know I am a baseball fan and the more i see this coin in gold the more I am warming up to it. I had been quite vocal in a post saying "I thought it was a novelty" I think I may look into one of each purely for collecting. I don't need a signature or a 70 grade. I just may buy one or two.
  • bestdaybestday Posts: 4,242 ✭✭✭✭


    << <i>

    << <i>the price quoted was from a dealer's dealer.. where my dealer even buys coins from on a regular basis.. those buying on the bay in for a rude surprise if they find out what is going wholesale price >>



    !) Those "buying on the bay" can't buy from a dealer's dealer

    2) If they are buying for their collection or even for potential future value they really don't care what the "wholesale" price (not available to them) is today.... >>



    either the dealer buy price /wholesale goes up.. or the retail price goes down..my bet is retail starts going down at a quick pace

    My coin club has been offered these coins all the way down from $800.. 700....600...550...480....425..and now $370.00 today 100 lots easy to obtain from multiple sources ...
    that post from a dealer at the Baltimore show saying melt price was near proved very propheticimage
  • WalkerfanWalkerfan Posts: 9,794 ✭✭✭✭✭
    Modern commemoratives remind me of tulip-mania and the irrational market that goes along with it. They are good in the VERY short term but after all the HYPE dies down you are left holding the bag.

    I will say here what I've always said all along-----Your best investment potential lies in scarce, popular design coins, in high grade that were made for commerce and heavily circulated with few to little MS survivors.

    You don't have to own an 1804 dollar or a 1916 Standing Liberty quarter but just buy the scarcest coins in the highest grade and of the best quality that you can afford. That's my story and I'm sticking to it!

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • Type2Type2 Posts: 13,985 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>the price quoted was from a dealer's dealer.. where my dealer even buys coins from on a regular basis.. those buying on the bay in for a rude surprise if they find out what is going wholesale price >>



    !) Those "buying on the bay" can't buy from a dealer's dealer

    2) If they are buying for their collection or even for potential future value they really don't care what the "wholesale" price (not available to them) is today.... >>



    either the dealer buy price /wholesale goes up.. or the retail price goes down..my bet is retail starts going down at a quick pace

    My coin club has been offered these coins all the way down from $800.. 700....600...550...480....425..and now $370.00 today 100 lots easy to obtain from multiple sources ...
    that post from a dealer at the Baltimore show saying melt price was near proved very propheticimage >>

    At $370 i would buy them. You can get $625 on the bay there not selling like hot cakes but selling. Where can i buy them at this price?


    Hoard the keys.
  • VincennesVincennes Posts: 56 ✭✭
    I just came from the St. Louis show yesterday. I know of at least one dealer offering to pay $530 for the gold coins.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,651 ✭✭✭✭✭
    Went from flipping hockey pucks to flippin' bowls.
  • MsMorrisineMsMorrisine Posts: 36,253 ✭✭✭✭✭


    << <i>

    << <i>Seems that some here who did the most complaining about the mint's shipping of these were the ones doing the most flipping.
    It is clear now why they were complaining so much....greed.
    JMHO. >>


    I did a bunch of the delay complaining.

    Purely for my collection and to give some away.

    Someone mentioned that they didn't understand my frustration, so I quit complaining here.
    Apparently I've lost touch with the way things work and I guess I need to lower my expectations. Waaayyyy lower that is. >>





    I think the complaining is making a difference and the mint is altering, slightly, the distribution of the gold Kennedy. They will have excess ready to ship to first day orders.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 36,253 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>the price quoted was from a dealer's dealer.. where my dealer even buys coins from on a regular basis.. those buying on the bay in for a rude surprise if they find out what is going wholesale price >>



    !) Those "buying on the bay" can't buy from a dealer's dealer

    2) If they are buying for their collection or even for potential future value they really don't care what the "wholesale" price (not available to them) is today.... >>



    either the dealer buy price /wholesale goes up.. or the retail price goes down..my bet is retail starts going down at a quick pace

    My coin club has been offered these coins all the way down from $800.. 700....600...550...480....425..and now $370.00 today 100 lots easy to obtain from multiple sources ...
    that post from a dealer at the Baltimore show saying melt price was near proved very propheticimage >>

    At $370 i would buy them. You can get $625 on the bay there not selling like hot cakes but selling. Where can i buy them at this price? >>




    Add 3 proof and 3 Unc for me and I'll piss off the other half

    $370 is a great price for them.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    image























    Never buy modern crap from the mint! If you want modern crap (WHY) buy it in the secondary market half priced!
  • BigABigA Posts: 2,715 ✭✭✭✭


    << <i>At $370 i would buy them. You can get $625 on the bay there not selling like hot cakes but selling. Where can i buy them at this price? >>



    In an alternate universe..... exists only in the minds of the believers

    ..and...if the coin is crap why the hoopla about a crap coin with a show label? Does that make a crap $370 coin worth thousands??? Or is it just lipstick? attn: Kennedy half (with potentially MUCH higher mintage) label seekers

    p.s. I don't think the HOF coins are crap....I think they will do fine ...and show me the way to get those $370's ...I'm freaking there in a heartbeat.....but...I think silence will follow
  • derrybderryb Posts: 37,765 ✭✭✭✭✭
    expect a repeat with the JFK coins. Flippers need to get out early.

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • FullStrikeFullStrike Posts: 4,353 ✭✭✭


    << <i>

    I think the complaining is making a difference and the mint is altering, slightly, the distribution of the gold Kennedy. They will have excess ready to ship to first day orders. >>




    Excellent ! That means the market will be maxed out very quickly. Will I be able to get a sealed unopened one at a discount
    over issue ?

    Cool. Very cool. image

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