Written by: Tony Davis
One of the most anticipated U.S. commemorative coins to be released in quite some time will make its debut at the end of the month. The National Baseball Hall of Fame commemorative coins have captured the attention and imagination of coin collectors and baseball fans alike and are unique in some respects, which we'll address in further detail below.
As is common with U.S. commemorative coins, a $5 gold coin, a $1 silver dollar, and a clad half dollar will be included in the set. Introductory pricing information has already been released for the $1 silver dollar and clad half dollar coins, which for a limited time will be $51.95 and $47.95 for proof and uncirculated silver dollars, respectively, and $19.95 and $18.95 for proof and uncirculated clad half dollars. The gold coins are expected to be introduced at a preliminary price of $424.75, which will vary depending on the spot price of gold. While the pricing for these coins is somewhat standard, we anticipate that these coins will not only be a hit with investors and collectors alike, but are likely to be a four bagger.
First domed coin
The most unique aspect of the Hall of Fame coins is that they're the first domed coin issued by the U.S. Mint. While they're not the first domed coin ever to be produced by a government mint (that honor goes to the French Mint for the mintage of the Monnaie de Paris Year of Astronomy coin in 2009, a picture of which can be found here), the concave side with an image of a glove and the convex side with the image of a baseball is pure genius. It closely resembles the look and shape of both a glove and baseball. Rosie Rios, our current Treasury of the Secretary, and a huge baseball fan, enthusiastically discussed the new coins and their unique design at the recent ANA money show in Atlanta.
Baseball is America's favorite pastime
While the U.S. Mint has produced many significant commemorative coins over the years; most of which commemorate important and historical people, places, and events, very few have the same broad appeal of baseball, which is America's favorite pastime. The U.S. Mint has previously produced three baseball-themed commemorative coins. The most popular was issued in 1997 to honor Jackie Robinson, which was a huge hit. Two others, produced in 1992 and 1995 to commemorate the U.S. Olympics, were met with less enthusiasm. Anyone who has been a baseball fan for a period of time has a story to tell of their favorite team or player, whether they were at the game or simply watching the game on television. As someone who started collecting baseball cards at the age of 8 and who attended baseball games and card shows in Southern California all throughout the eighties, we have many fond memories of baseball, which is sure to be shared by a large percentage of the population.
High demand for gold and silver
Not only do we believe that the National Baseball Hall of Fame coins will be a hit due to their unique domed shape and wide appeal to baseball fans, but we also anticipate that the current interest in gold and silver by investors and collectors alike will help to attract individuals to these significant coins. While these coins aren't considered bullion coins, due to the premium above spot at which they're sold, individuals who are in the market to purchase gold and silver coins and are baseball fans will likely find it difficult to pass up these stunning coins. Even the most dedicated bullion investors occasionally come across numismatic coins that they can't pass up, and we believe that these coins qualify for the reasons mentioned above.
In summary, we anticipate that the National Baseball Hall of Fame coins will not only be a hit among coin collectors and baseball fans alike, but will likely be a homerun release. The first domed coin issued by the U.S. Mint, and only the second domed coin ever to be issued by a government mint will have wide appeal to collectors. Secondly, the sport of baseball is America's favorite pastime and has wide appeal, which will likely attract coin collectors and baseball fans alike. Lastly, gold and silver are two of the top performing asset classes in 2014 and because of that, there's a renewed interest in gold and silver coins, which is sure to spill over to these beautiful coins.
Tony Davis is the owner of Atlanta Gold and Coin Buyers, a full service Atlanta based coin and bullion dealer specializing in buying, selling and appraising coins and coin collections of all types and sizes.