The following post is pulled from Coin World editor Steve
Roach’s Market Analysis column in the Aug. 25 issue.
The 2014 Baseball Hall of Fame commemorative coin program has been
hugely popular with collectors.
The coins were launched
on March 27, 2014, at the Baltimore Whitman Expo. Both Numismatic Guaranty
Corp. and Professional Coin Grading Service got clever
with special labels used to identify coins sold at the Baltimore show
on the first day. NGC used the familiar baseball phrasing “Opening
Day” while PCGS used the phrase “Baltimore First Pitch.”
Coins released during the first 30 days of a program’s start are
eligible for “First Strike” (PCGS) and “Early Release” (NGC)
After the frenzy of the first few months, prices
for these have settled down. Here’s a look at the $5 half eagle in the
The coin: 2014-W Baseball gold $5
half eagle, NGC Proof 70 Ultra Cameo, Early Release
The price: $760.10
The story: The 2014-W
Baseball gold $5 half eagles were quick sellers. Just a few days after
the March 27, 2014, release, the U.S. Mint sold out of both the
Uncirculated and Proof half eagle — with a total authorized mintage of
50,000 pieces — at $419.75 and $424.75, respectively.
Within the month, the secondary market for uncertified examples
quickly rose to $750 per coin, with a PCGS Proof 70 Deep Cameo “First
Pitch” example selling for $5,000 in an April 1 eBay auction.
As the Mint ships its final coins to buyers, the market for
these gold coins has settled down with dealers offering $600 to $650
for uncertified Proof examples, with Uncirculated examples at $100
The prices for certified examples have largely
cooled off as well. In a July 27 GreatCollections.com auction one
graded NGC Proof 70 Ultra Cameo, Early Release, brought $760.10.
Several months ago these were trading for more than $1,000.
As reference, roughly two-thirds of the nearly 1,000 “First
Strike” examples that PCGS has graded of the Proof $5 coin have been
graded Proof 70 Deep Cameo, a sign that these coins were well-produced
and packaged carefully.
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