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2014 Baseball Hall of Fame Commemorative Coins

The release of the 2014 Baseball Hall Of Fame Commemorative Coins in March this year were met by a mixed dose of both healthy excitement and unhealthy hype. This placed strong upward pressure on prices, but now that it seems the hype has died down for most part, the real excitement can start. Let me explain.

2014 National Baseball Hall of Fame Uncirculated Half Dollar

Yes, the real excitement can start. I believe most coin collectors will agree that the hype or feeding frenzy pertaining to the 2014 Baseball Hall Of Fame Commemorative Coins has for most part died down. This is certainly reflecting in current prices that have dropped considerably from previously levels, although most of the coins are still selling at healthy premiums compared to the issue prices. Now is the perfect time for the prudent coin collector to pick these coins up at reasonable prices, but maybe more importantly, to do so with more certainty than what was previously the case.

The following was for one revealed in the latest weekly U.S. Mint numismatic product sales report (October 19, 2014) in terms of the number of 2014 Baseball Hall Of Fame Commemorative Coins sold in each instance:

Proof $5 Gold Coin

32,495

Uncirculated $5 Gold Coin

17,694

Proof Silver Dollar

267,873

Uncirculated Silver Dollar

131,918

Proof Half Dollar (clad)

218,956

Uncirculated Half Dollar (clad)

133,564

Young Collectors Set (clad)

22,156

Now let’s consider the authorized mintage limits for these coins per The National Baseball Hall of Fame Commemorative Coin Act (Public Law 112-152), which was signed into law on August 3, 2012:

$5 gold coins – 50,000

$1 silver coins – 400,000

Half-dollar clad coins – 750,000

Given the above, it should not come as much of a surprise that the bhof gold and silver coins have sold out at the U.S. Mint, especially considering that authorized mintage figures include the mintages of both proof and uncirculated coins.

The only 2014 Baseball Hall Of Fame Commemorative Coins still available for direct purchase at the U.S. Mint are the following clad coins: National Baseball Hall of Fame Young Collectors Set 2014 Uncirculated Half-Dollar (Denver = D), National Baseball Hall of Fame 2014 Uncirculated Half-Dollar (Denver = D) and the National Baseball Hall of Fame 2014 Proof Half-Dollar (San Francisco = S).

Thus, given the above, it should be relatively safe to jump to the following conclusions:

More Proof than Uncirculated Coins

It should be clear from the above that more proof than uncirculated 2014 Baseball Hall Of Fame Commemorative Coins were sold, especially in terms of the gold and silver coins. The jury is of course still out on the clad coins, but even there sales for the proof coins came in higher so far than sales for the uncirculated coins. To be exact:

Proof $5 Gold Coin 32,495 vs Uncirculated $5 Gold Coin 17,694 – 14,801 less uncirculated $5 gold coins sold – Total number of coins sold: 50,189 (this is 189 coins above the authorized maximum mintage limit of 50,000 coins – perhaps someone from the mint can explain why this is the case).

Proof Silver Dollar  267,873 vs Uncirculated Silver Dollar 131,918 – 135,955 less uncirculated silver dollars sold – Total number of coins sold: 399,791 (within the authorized maximum mintage limit of 400,000 coins).

Proof Half Dollar (clad) 218,956 vs Uncirculated Half Dollar (clad) 133,564 + Young Collectors Set (clad) 22,156 – 63,236 less uncirculated clad half dollars than proof clad half dollars sold so far – Total number of coins sold so far: 374,676 (this is 375,324 coins below the authorized maximum mintage limit of 750,000 coins).

Now of course we’re still in early days and no guarantees can be given in terms of price performance, but the above confirms, at least in part, what someone told me before the feeding frenzy started earlier this year:

Buy the bhof uncirculated silver dollars instead of the bhof proof silver dollars, because folks will go all out on the proof coins, pushing sales and mintage figures for the proof coins much higher than that of the uncirculated silver dollars. This will lead to a situation where there will be much more upward pressure on the prices of uncirculated silver dollars over the long-term than on the prices of proof coins, which makes uncirculated silver dollars the better long-term investment and/or hold.

The first part has certainly realized considering that a massive 135,955 more proof silver dollars were sold than uncirculated silver dollars. It is massive, because even when you take the difference between the number of proof and uncirculated bhof gold and clad coins sold so far (14,801 + 63,236 = 78,037), it doesn’t even come close to the 135,955 difference mentioned above.

This is exactly why I’ve pulled the trigger on the beauty below at a $125 earlier this week, including free shipping:

Baseball Hall of Fame Coin

Now of course the jury is still out in terms of the second part (my $125 purchase could decline in value/price). Nonetheless, I won’t be surprised to see the bhof uncirculated silver dollars outperform the bhof proof silver dollars in the years to come.

This should not be construed as investment advice by any extent of the imagination (or a guarantee of price performance, present or future), but merely as a personal observation I thought worth sharing.

Young Collectors Set

Now the jury is still out on the clad coins for most part as mentioned, but we know this so far with relative certainty:

– Only 22,156 bhof clad half dollar coins have sold so far in terms of the Young Collectors Set.

– Appetite for the bhof clad half dollars seems to fall much short of the authorized maximum mintage limit of 750,000 coins. This can of course change, but I highly doubt we’re going to witness a huge surge in demand moving forward. The market seems saturated for most part.

Thus, given the above, I cannot help to predict that bhof clad half dollars, issued as part of the Young Collectors Set, should outperform the other clad half dollars price wise over the long-term. I claim this based on the relative lower number of sets issued so far and the visual appeal of the set, especially in terms of the “special rotating capsule”.

National Baseball Hall of Fame Young Collectors Set 2014 Uncirculated Half-Dollar

My gut feeling tells me that the Young Collectors Sets can easily double in price moving forward. Again, this should not be construed as investment advice by any extent of the imagination (or a guarantee of present or future price performance), but merely as a personal observation I thought worth sharing. Needless to say, at the current U.S. Mint price of $24.95 per set (if you order directly from the mint), the downside is certainly severely limited, while the sky is the limit in terms of the upside potential. This would make the ideal gift, especially to young collectors out there, young of heart and otherwise.

Overall Impression

My overall impression of the 2014 Baseball Hall Of Fame Commemorative Coins is very positive to say the least. I could add more, but it would suffice to say that if you haven’t held one of the coins in your hand yet, you’re definitely missing out.

2014 Baseball Hall of Fame Clad Proof Curved Coin

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2014 Baseball Hall of Fame Clad Proof Curved Coin