Insights

Capitol Hill hosts Baseball Hall of Fame event

Brooks Robinson, Joe Morgan among participants
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By Bill McAllister - Special to Coin World
Published : 04/04/14
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“These three magnificent coins are the result,” she added.

Clark’s grandfather, Stephen Clark, founded the Baseball Hall of Fame in 1936.

Baseball has captured the American public because “it’s simple ... it’s forceful,” she said.

Gillibrand agreed, predicting that the coins would be welcomed by a baseball-adoring public.

“I do believe it will be a sellout right away,” she predicted. “It will be the best-selling coin ever.”

Added an equally enthusiastic Hanna. “If you’re sitting here at 12:15 p.m., you’ll miss a chance to buy one of these coins.”

Up to $9.5 million in surcharges

U.S. Treasurer Rosa “Rosie” Gumataotao Rios, an Oakland A’s baseball fan, also admitted to being excited by the coins. Rios said the Hall of Fame stands to make up to $9.5 million in surcharges if all the authorized coins are sold, she pointed out.

The enabling act calls for the production and release in Proof and Uncirculated versions combined of up to 50,000 of the gold $5 coins, 400,000 silver dollars and 750,000 copper-nickel clad half dollars.

The National Baseball Hall of Fame will receive net surcharges once the Mint recoups its production costs.

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