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Baseball Hall Of Fame Opening Day Releases And First Pitch

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basebal21's Avatar
13014 Posts
 Posted 04/10/2014  8:45 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
The Baltimore labels are different then the first strike though. The first strike yes that's great marketing where you're basically just paying for the nicer looking label. The Baltimore label however had to be submitted at Baltimore for those specially released coins only. It should be looked at separate than the first strike because it's different. Once the Baltimore show ended so did the ability to get that label.

Like the GSA Morgans they're both products otherwise available cheaper that were released in a special way by the government. Calling it first pitch could be called marketing, but pcgs and ngc didn't release the coins and the Baltimore designation is a result of government decisions like the GSA designation is.
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commems's Avatar
United States
12274 Posts
 Posted 04/10/2014  9:13 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Like the GSA Morgans they're both products otherwise available cheaper that were released in a special way by the government. Calling it first pitch could be called marketing, but PCGS and ngc didn't release the coins and the Baltimore designation is a result of government decisions like the GSA designation is.

The coins weren't released in any special way by the Mint. They took a booth at the Baltimore show, something they have done in the past, and had available for sale coins that were coincidentally released on the first day of the show.

The Mint was not part of the special labeling - they did not sell any coins with any type of special designation label. The grading services took advantage of coins being available at the show and came up with a marketing angle to hype the first coins available.

If folks want to collect the coins by label type, it's their money and whatever makes them happy is great. But these grading service labels shouldn't be compared to the GSA dollars - those were released/marketed in a very different way by the US Treasury Department. They did not feature a private, 3rd party label.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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basebal21's Avatar
13014 Posts
 Posted 04/10/2014  9:28 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
But these grading service labels shouldn't be compared to the GSA dollars - those were released/marketed in a very different way by the US Treasury Department.


In its simplest form it really is the same thing though, nothing about either coin is different from its peers expect for the fact that it was released by the government in a way that would have been otherwise unavailable from them at the time. Just like the GSA morgan a large part of the market value has been added because of how they were released.

The biggest difference is just ones a Morgan dollar and the others a modern commemorative. I like GSA morgans just fine and have nothing against them, my point is just that the government slapping it in a case didnt make the coin itself physically different from its peers but you never hear anything about them being the same coin and buy the coin not the holder.

Whatever position someone wants to take thats fine, but I would argue that if someone is fine with GSA morgans they should reconsider their stance on marking the provenance on a label.


Quote:
they did not sell any coins with any type of special designation label.


The did for the first ones sold to a young man who got on the news from it, but yes most of the ones sold didnt have anything extra as far as I know
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Doug58s's Avatar
United States
899 Posts
 Posted 04/11/2014  09:30 am  Show Profile   Bookmark this reply Add Doug58s to your friends list Get a Link to this Reply
basebal - you keep referencing the GSA Morgans... and like commens pointed out - that was a mint/treasury release of the coins. They marketed their coins - that had been held in MS in the vault for years. The idea the treasury released coins to the public that had been in the vaults for close to a century - certainly seems to be a historic event to most observers.

In fact TPG got taken to task for destroying many GSA releases - by insisting they had to remove the Morgans from the GSA enclosures and put them in TPG enclosures. They destroyed what many considered providence of origin in doing so.

That is actually quite different than being on the scene of a release and adding a label to the release and proclaiming it special because of your label. That is all TPG did - and charged quite a bit to be present and accounted for as well.
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