Curved Baseball Coins Selling Fast, Collectors Voice Frustration

by Mike Unser on April 1, 2014 · 40 comments

2014 $1 National Baseball Hall of Fame Commemorative Silver Coins

The new curved baseball coins are popular with the gold $5 commemoratives already sold out. The $1 silver commemoratives are selling quickly.

Demand for the curved 2014 National Baseball Hall of Fame Commemorative Coins remains strong following a tidal wave of orders on opening day, new United States Mint sales figures reveal.

Debuting on Thursday, March 27, the two gold coins went on a waiting list within hours until the U.S. Mint officially declared all 50,000 sold out. Sales as of Sunday have the splits at 32,000 for the proof and 18,000 for the uncirculated.

The fast sellout left some collectors empty-handed and pointing to the Mint’s ordering limit of 50 gold coins as an "unforced error," forgive the pun, believing it was too attractive to dealers. CoinNews.net reader "RonnieBGood" succinctly commented on the subject:

"I don’t think that the 50,000 limit on the Mintage for the Gold coins were a bad idea. It was a great idea. Look at the Reverse Proof Buffalo’s mintage of around 47,000. By limiting the mintage it caused demand and increased the desire for collectors thus a sellout.

This is fine but what we don’t like is the way this was sold. A Maximum of 5 vs. 50 would give the average collector a much better chance of getting a Gold coin and the Mint can still be assured of a sellout. The dealers can still use their tricks to get more than 5 but they have to work a little harder at it (i.e. others ordering for them for a fee).

This one will only further aggravate collectors and drive others away from ordering from the US Mint. It will even drive a few from further collecting US minted coins."

The gold baseball coins could have potentially sold out sooner. Until the day prior to their launch, the U.S. Mint did not have any ordering limits. They were added on March 26.

"These coins commemorate important aspects of American history and culture, so we want to make sure a maximum number of customers have an opportunity to purchase this coin," said U.S. Mint Deputy Director Dick Peterson ahead of the coins’ release. "We had anticipated strong interest in this coin from the outset. However, the interest in the past few days prior to the coin even going on sale has caused us to take this action."

Household ordering limits of 100 coins each are in place for the silver dollars and clad half-dollars.

Silver and Clad Baseball Coins

Next likely to sell out are the silver dollars. The National Baseball Hall of Fame Commemorative Coin Act, Public Law 112-152, authorized a maximum of 400,000. As is typical with silver coins, collectors prefer the proofs over the uncirculated by about a 68/32 split. The latest sales stand at 155,523 for the proof silver dollar and 73,002 for the uncirculated silver dollar for a total of 228,525, or 57.1% of the mintage.

The last commemorative silver coins from the U.S. Mint to sell out were the 2010 Boy Scouts of American Centennial Silver Dollars. It took a bit over one month for the authorized 350,000 to move.

There is less interest in the 50-cent clad versions when compared against the silver coins, at least for now. Of the permitted 750,000, a total of 111,380, or 14.9%, have sold with 67,236 in proof half-dollars and 44,144 in uncirculated half-dollars.

Here is a table offering the latest available coin sales as of Sunday, March 30:

Sales of 2014 National Baseball Hall of Fame Commemorative Coins

Prices Latest Sales Sales Total Mintages Remaining Coins
Proof $5 Gold Baseball Coins Sold Out 32,000 50,000 50,000 0
Uncirculated $5 Gold Baseball Coins 18,000
Proof Silver Dollar Baseball Coins $51.95 155,523 228,525 400,000 171,475
Uncirculated Silver Dollar Baseball Coins $47.95 73,002
Proof Clad Half Dollar Baseball Coins $19.95 67,236 111,380 750,000 638,620
Uncirculated Clad Half Dollar Baseball Coins $18.95 44,144

 

Prepare to wait for the next batch of sales figures because they may not be released for another week.

Baseball Coin Sales Top $34.9 Million

Across all six baseball coins, 389,905 have sold for a sales total in dollars of $34,905,252.75.

Surcharges Top $4.5 Million

Public Law 112-152 mandated that the U.S. Mint include surcharge amounts of $35 per $5 gold coin, $10 for each silver dollar and $5 per 50-cent piece to be paid to the National Baseball Hall of Fame to help fund its operations. Prices above include those surcharges and total $4,592,150.00 based on sales through Sunday.

Ordering Baseball Coins

To place orders for the National Baseball Hall of Fame Commemorative Coins, visit the U.S. Mint website, right here, or call 1-800-USA-MINT (872-6468).

Prices for the curved baseball coins are at introductory levels until April 28, 2014 at 5 p.m. ET. After that time, prices for the silver dollars increase by $5 and prices for the half-dollars rise by $4.

{ 40 comments… read them below or add one }

Tom April 1, 2014 at 5:33 pm

IF there are ordering limits In place, how did HSN get ahold of 2,014 Silver First Day of Issue Silver proof dollars that they immediately had graded and sold online. (Already sold out at a price of 179.00 a coin). They sold them on Saturday, which means they where shipped and graded in two days!!!!!!!!!!!!!! The only appealing thing the gold coin had going for it was it mintage level, but I totally agree with the article above, that appears the coin dealers are going to sock it to the public on this one. Just ONCE I’d like to see the U.S. Mint cater to the “public” person and not the coin dealer who charges 3 and 4 times its actual value. I waited for 3 hours on Thursday to get online, and finally did purchase 1 gold proof coin which now has a delivery date of Jun.

Victor DeCurtis April 1, 2014 at 5:57 pm

Everyone should call them, when they are selling the coins, that we will be waiting for a few months and when they answer, tell them you’re not going to order from them, because they jumped the line.

Sold Out Gold Baseball Coins April 1, 2014 at 6:25 pm

Last Thursday March 27, 2014 when the baseball coins went on sale, in Baltimore there was the Whitman Coin and Collectible Spring Expo where the U.S. Mint was selling coins. Baseball coins were also being sold at the U.S. Mint Headquarters at 801 9th street Northwest in Washington D.C.

Paul April 1, 2014 at 6:27 pm

Tom… hsn didn’t have the coins on hand. They only had hey few samples and the cases were taped together for the show. They have to wait just like everyone else. Their ship date for the coins is May 9th. I don’t agree that they were able to get so many but this is America and that’s the way things go. I believe the ship dates will be moved up. At least I hope, the ship date for my gold coin is June also and next week for all the rest. I got my order in at 1 p.m. too… At least they took the money from my card and the cancel boxes were removed. I don’t know if that’s because I called today or not. I can only hope those send them all at once. If not I’m patient.

Bob April 1, 2014 at 6:31 pm

HSN bought the coins at either the spring expo or the mint headquarters then flew them directly to Denver for grading, then friday they flew them to Florida for their show saturday.

Tom April 1, 2014 at 6:58 pm

Thanks Paul for the input. I didn’t see the show I missed it and I wanted to get a Proof PF-70 Silver but didn’t find out in time. I see AMPEX is offering the coins BUT I won’t even mention for how much, don’t want to make anyone sick!!!!!!!

Paul April 1, 2014 at 7:21 pm

No prob. Really? Ive been checking their site and haven’t seen it yet. AMPEX is usually reasonable. Hopefully the price will come down but I don’t know…

Paul April 1, 2014 at 7:31 pm

I just looked… Your right, it made me sick!!!

Victor DeCurtis April 1, 2014 at 7:51 pm

@Paul The mint doesn’t ding your card, until they ship your order. If they dinged yours, maybe they’re are on the way. Good luck.

JesustheLionofJudah April 1, 2014 at 10:29 pm

1st come, 1st serve is the best way to do business. Catering to the squeaky wheel is what caused the collapse of the First Spouse line. It was extremely popular and a great line. The coins were worth a lot, UNTIL a small amount of people (small amount vs the 10s of 1,000s of satisfied customers) complained and the US Mint bowed down to their complaints and lowered the HH limit to 1 and KILLED the entire line by the 4th coin (out of 46!).

Instead of selling 40,000 coins every single time a new coin went for sale for guaranteed sellouts for 11-12 straight years and making 10s of millions of dollars in profit, the US Mint, because of catering to maybe a hundred or two whiners and complainers has ever since struggled to even sell 10,000 coins per new spouse, most of the time only selling 6-7,000. What a joke.

That’s what catering to the complainers and whiners nets the Mint – WHY would they listen this time when they have a runaway hit on their hands and 10s of 1,000s of collectors who will be back for more?

Check out how much the 2012 and 2013 2-coin American Eagle sets are worth. Barely over issue price. Same with the RP Gold Buffalo from last year.
And why? Because they’re as common as sand, in that, they had an unlimited mintage – there is no perceived or real value in something that is minted to demand, where everyone who wants one can get it. It’s virtually worthless.

By comparison, try looking out the 20th and 25th Anniversary AE sets go for – 2-3 times what they were issued for and growing. Why? Because low mintage, decent HH limit and 1ST COME 1ST SERVE. There were quick sellouts, because the US Mint did those products RIGHT, just like these Gold Baseball coins – there is value now in them and it will continue to grow. Praise God they did it RIGHT!
May they also offer ALL their products the same way – low mintage, high HH limit and 1st come, 1st serve. That’s the key formula for success and will keep their products valuable and people coming back.
No one comes back for things as common as sand so that a few hundred complainers can be placated, they come back for things that turn to gold.

JesustheLionofJudah April 1, 2014 at 10:34 pm

And people reselling things for more than they bought them for: what do you think the foundation of business and economics is?
They aren’t forcing you to buy their stuff – if you want it, buy it, if not, then don’t, but to rail against them for selling stuff at a profit is absurd.
By this logic, anyone who thinks that way should be giving back all the profit that their company (whether they are the owner or employee) charged or built in to their product; they bought x materials and added y and z to cover profits on overhead, employees and owners. Any business that does not mark things up is going to fail very quickly.
Everything anyone buys is always bought for more than it cost, usually 200-500% at the least. Otherwise, what is the point of that business. How can an owner pay employees if they make a tiny bit over what they purchased goods for…? It is how all business works.

Kevin April 1, 2014 at 10:36 pm

I had respect for apmex ….. Until now. Don’t know what hsn was doing, but what apmex is doing is ridiculous. It reminds me of the A25 silver 5 coin set after it came out. A perfect set sold as high as $3850 on eBay. I sold a perfect set a few months ago for just over $1,000. I missed out on the mania but still made a nice profit.

I read that when the tulip bulb mania was at its peak, one tulip bulb sold for the equivalent of a skilled worker’s annual wage… Times ten! Maybe precious metals will yet have their day in the sun.

Wdg5 April 2, 2014 at 12:50 am

Lololol @ Kevin

Ilovesilver April 2, 2014 at 1:55 am

I am thinking why US mint sent me Order form for ?
the best way US mint for selling coin : let the post office selling it, like $10 Olympics gold coin
Also, US mint can issued 25+ different title coin every year like Canada
the last thing: DID oversea buying these gold coin from US mint online ? Such as India, China etc, if yes, why not US mint just make Million of gold coins,

Boz April 2, 2014 at 7:43 am

I will buy later in the year when the special dollar sets come up. Don’t forget what the mint did to us last time. Threw in uncs with other sets later t a cheaper price.

Paul April 2, 2014 at 7:59 am

The only baseball coins that will be included in a set are the proof Clad. They will be in the young collector’s set of it at the Baseball Hall of Fame.
I agree with most of your statement Jesus Judah… wish people would stop whining because they didn’t get a coin or they waited because they didn’t think they would sell out. I don’t believe they will make more because of the whiners(or due to demand) since it would have written into law but it’s happened before…

Tom April 2, 2014 at 7:59 am

JesustheLionofJudah, I love the low mintage coins and wish the Mint would make more of them. There are only two points I am trying to make:
1. When you have a buying limit, how does HSN get a lot 2,014 coins to sell???? and
2. Give the “public” an opportunity to buy before the dealers.

The First day of Issue is a behind the scenes hand-shake between the Mint and the Dealers, the only way to buy a first day of issue is on the secondary market, Coins are sent to the dealers marked in boxes which are sent to grading companies and returned to the dealers graded for the secondary market. You or I can’t buy a FDOI coin from the mint. The relationship is only set up for the dealers. When coins come out why couldn’t the mint give the “public” like a three day head-start on purchasing coins before giving the coin dealers their share.

Tom April 2, 2014 at 8:23 am

I hope they don’t up the limits I got W, P, D, S….coins, my coins all go to my grandson which he’ll like when he grows up.

Paul April 2, 2014 at 8:26 am

Hsn has is ship by date of May 9th so they have to wait just like everyone else. They get so many coins by paying people to buy the limit like other dealers do. The coins they had on hand we’re from the Baltimore show. I still agree that dealers have a leg up on regular collectors which I feel is unethical but there is nothing to be done about it.

IronHorseVEt April 2, 2014 at 8:58 am

The U.S. Mint must make a profit. I am dam tired of them excluding the collector to favor the dealers to gain that profit. The law sets the mintage limits, however the Mint sets the household purchase limits. I don’t have $10,000 discretionary funds to buy 25 or more gold coins. I may want to buy up to 5. That should be the mandatory purchase limit for all consumers – including the secondary market merchants. Coin collecting may go the way of the dodo bird; the youth of America are now fascinated by technology. It has to zing, zap and clamor. The quiet contemplation of a numismatic work of art may be a dying hobby..just my 2 cents…

art April 2, 2014 at 1:36 pm

The us mint charge my card so I guess they will ship my order soon.

JD Sherman April 2, 2014 at 4:14 pm

I can’t get no! cause I tried and I tried, but I can’t get no! hey! hey!

NJMANGA April 2, 2014 at 6:39 pm

My order keeps on shifting to later dates went from april 5th to 11th, to 16th, for the proof clad, clad, silver proof and unc silver, my gold shifted to 6/16 2014, which basically says we will gladly send you your silver but you most likely wont see your gold, this is why I hate the US MINT, I prefer to stay with the Canadian and perth mint at least you get limited mintage’s without being screwed plus the fact that those mints dont favor the dealer but favor the public

NJMANGA April 2, 2014 at 6:44 pm

This is sickening me, APMEX, will have coin but public who waited in waiting room for up to 2 hours well or may never see the gold coin, meanwhile dealers are reaping the reward

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Mike Irwin April 2, 2014 at 6:54 pm

I was fortunate in acquiring my coins, but it was rather unnerving when I went online right at 12:00. I was transferred to the waiting room to get an opportunity to log in. I felt like I was in time out and my parents kept changing the duration of my stay. When the ticker first popped up in the window it read I had 1 minute 38 seconds. OK that’s not bad, but as soon as It got to 32 seconds it jumped back to 38 minutes, what the heck ?! So I then started calling and getting the busy signal. When the timer got down to 32 minutes (from 38 in 3 minutes i knew something was wrong) it then jumped back to 45 minutes. I figured a virus was at work, called the cutting in line virus. After 6 or 7 calls I finally squeaked in and was able to make the order at 12:15. My last email said they should ship today. I was lucky and can certainly understand the frustration. What does get me though, the mints site said that because of this coin they were expecting a big demand so they were going to exercise a household limit (of 50 coins). What “household can afford 50 gold coins ?

art April 2, 2014 at 7:29 pm

I just saw hsn have the gold proof 70 for 899.95

NJMANGA April 2, 2014 at 7:38 pm

That 50 coin limit on a 50k release is a joke, it was release meant for dealers not for public, 5 would of been realistic for household limit, make the dealer work for it, now the dealer are charging on the low end 1900 per gold coin and on the high end 5000, from a coin that went on sale 424, and 419 which was fortunate because gold dropped drastically, I just feel frustrated that even though i got my order in within the first hour actually first 35 minutes my order was thrown into back order limbo, I only got two uncirculated gold but with a backorder date of 6-16 or whatever it is now I dont see me getting any coin after they sort out all their dealer orders, whats left for the fortunate few who were lucky to get in on the first 15 minutesor even 30minutes , im annoyed because I wanted the coin to go with the set and what pisses me off I will most likely get the proof clad, proof silver, uncirculated silver and clad, and they will arrive but I wont get the gold to finish the set completely, now if I want it I either get a fortunate draw and they push my gold order up from backorder limbo or shell out 3k to get a coin I had already ordered at 419 a piece but I may not with such a far out backorder date they should just be straight up and say we will not send you the gold because we oversold to dealer, instead of giving me false hope that my gold coin will get out of backorder limbo I prefer them saying you aint getting nothing

NJMANGA April 2, 2014 at 7:44 pm

I rather be told my gold will not leave backorder limbo than keep hanging on to some false hope that by miracle Ill get my gold coin in June 16 according to backorder notifcation after every dealer has raped the gold coins and its selling at 5k a coin, I dont see the mint in june saying lets send Public Joe his small gold coin he bought for 419 when the coin is selling for 5k

JesustheLionofJudah April 2, 2014 at 10:58 pm

I have no idea Tom on the FDOI, I’ve never looked into it. Perhaps they do have a special deal?

Sold Out Gold Baseball Coins April 3, 2014 at 1:43 am

Yesterday Tuesday morning April 01, 2014 @ 06:25:38 PDT, ebay Item #331166000737 which was a PCGS graded perfect PR70DCAM First Strike and First Pitch Baltimore labeled U.S. Mint 2014-W National Baseball Hall of Fame Proof $5 Gold Coin sold for an incredible $5,000.

Ilovesilver April 3, 2014 at 2:29 am

Don’t worry if you lost this profitable coin issue, save all what you can get for JFK 1oz gold coin coming soon this year, should be a Biggest surprise on Lifetime

Tom April 3, 2014 at 8:02 am

We folks, if the coin flustration isn’t enough how about this. Yesterday I go an email about a shipment confirmation. WOW I thought, maybe something is coming….I opened the email and here is a shipment confirmation for the “FREE” bag offered by the mint. They charged 4.95 to ship it. Nothing ELSE was shipped!!!!!!!!!!!!!!!!!!!!!

Tom April 3, 2014 at 8:19 am

The JFK coin will be no different than this one. If they up the mintage it makes it useless. The mint needs to “honestly” do something for the public buyers. I got my coins this round…at least I think I did as they keep varying the delivery date, and somewhere I am sure the mint will find a way to mess it up. I feel SORRY for all the people that are having to buy off the secondary market. From what I can see HSN had the best prices for these coins, but they are all sold out. I have never bought off the secondary market but what the U.S. Mint does and how it regulates it coins is most flustrating indeed. Making a profit is one thing, heck that is why I buy the coins, but hammering the public is another which the dealers are doing. The trouble is, once its all done, its very possible all these prices will fall….and the public is hammered once again. As for the the ordering method, I agree and I went through the same thing only it took a total of 3 hours to finally order my coins after going down, then back up in time. Oh well…at least my 5 oz coin will come this month from the mint.

Ilovesilver April 3, 2014 at 9:27 am

I got same charged from my bank account $4.95 ! WOW , US mint stole my money from bank account!!!!!
This year 5 oz UNC ATB are worthless, I am believe Mint will making 500k-1million for each issue, because Subscribe Discount,
remember no limited for ATB UNC when u subscribe it,
So, what did u think HSN ,AMPEX or Asian order ?

Victor DeCurtis April 3, 2014 at 1:09 pm

@Tom The $4.95 shipping is always charged on the first shipment, be it one of seven products or seven of seven products. Relax, the rest of the coins you ordered will arrive with no shipping cost, added.

Tom April 3, 2014 at 1:20 pm

Thanks Victor, already called the mint to find out what was going on.

Jeff C April 3, 2014 at 4:27 pm

I wouldn’t get too excited about the prices that are beening asked for the HOF coins. It will all settle down in a few months. The 2010 Boy Scouts coins were very popular and sold out in under a month. Now they can be had for about $60 NGC graded PF/MS 70. That is less the the mint cost plus grading costs.

Victor DeCurtis April 3, 2014 at 6:04 pm

I just tuned into “The Coin Vault” and happened to see the Unc and Pf 70, silver HOF coins being sold. They are $499.50 each and the reason they have them so quickly is they were purchased at the coin show in Baltimore, on the fires day of issue. They were also submitted to NGC, at the show, so they have the “First day of issue” label. Wow, $47.95 and $51.95 now adds up to $1000.00. Well, the old adage does say, “What ever the traffic will bear,” and “Let the buyer beware.”

art April 7, 2014 at 12:16 pm

I just got my free us mint bag and I had was to sign for it. He he. Bag and no coin yet.

John April 9, 2014 at 8:58 pm

First came the bag, then the silver coins and according to the tracking number the gold should be on before Friday the eleventh. I called in 20 minutes early, waited 5 minutes in the room and the order went through. No I am not a dealer, Just ordered 5 of each of all the proof coins and 5 circulated gold coins, and I do plan on a resale in November.I only want to keep one set for myself. Hope the other four sets pay for my one and I will be very happy. John

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