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H. R. 1235 - Naismith Memorial Basketball Hall Of Fame Commemorative Coin Act

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 Posted 06/25/2020  01:01 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
Another slow sales week for the Basketball HOF coins, just 6,040 total coins sold (vs. 12,393 last week; just 48.7% of last week's total):

COIN DESCRIPTION / AS OF JUNE 7 / AS OF JUNE 14 / AS OF JUNE 21 / CHANGE FROM PREVIOUS
2020 BASKETBALL HOF - GOLD PROOF / 5,750 / 6,284 / 6,527 / 243
2020 BASKETBALL HOF - GOLD UNC / 2,519 / 2,666 / 2,732 / 66
2020 BASKETBALL HOF - SILVER PROOF / 44,215 / 50,016 / 53,086 / 3,070
2020 BASKETBALL HOF - SILVER UNC / 14,395 / 15,956 / 16,602 / 646
2020 BASKETBALL HOF - CLAD PROOF / 18,312 / 20,168 / 21,099 / 931
2020 BASKETBALL HOF - CLAD UNC / 9,709 / 10,655 / 11,080 / 425
2020 BASKETBALL HOF - KIDS SET / 20,280 / 21,828 / 22.487 / 659

Week 1 is always the big sales week for new commemorative coins and sales always drop in the weeks that follow, but I think the slow sales of these coins are surprising some in the industry.

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 06/25/2020  08:27 am  Show Profile   Bookmark this reply Add Reno32 to your friends list Get a Link to this Reply
It could be the coronavirus might have the sales low,no one was looking for this to happen.
I post these awhile back,just sharing again
Edited by Reno32
06/25/2020 08:32 am
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 Posted 07/06/2020  11:54 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Naismith introductory pricing ends at 3PM Eastern today. If you were on the fence, now is probably the time to buy before they receive a price hike.
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 Posted 07/07/2020  6:10 pm  Show Profile   Bookmark this reply Add freddo30 to your friends list Get a Link to this Reply
Low sales figures shouldn't surprise anyone. The steady decline over time is self explanatory. Obviously the hardcore collector base is no greater than the lowest sale @ 2,700 pcs for the BU half eagle. Some of those were likely purchased speculatively. I have no interest in the entire issue.
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 Posted 07/08/2020  07:29 am  Show Profile   Bookmark this reply Add bzookaj to your friends list Get a Link to this Reply
The colorized half dollar and silver dollar are scheduled for release on 28 August.
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 Posted 07/13/2020  6:45 pm  Show Profile   Bookmark this reply Add mrpapageorgio to your friends list Get a Link to this Reply
Don't know if anyone saw (the post above did mention an updated release date), but they do have images of the colorized version. It looks like the obverse is not colorized, but for the clad half-dollar, the basketball, rim, and net is colorized. On the silver dollar, the rim and net is colorized. TBH I don't really mind them since they didn't color the whole coin (still not interested in buying anyway). With that said, I'm curious how they look in person compared to the picture on the mint's website.





Edited by mrpapageorgio
07/13/2020 6:49 pm
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 Posted 07/13/2020  8:47 pm  Show Profile   Bookmark this reply Add xorbe to your friends list Get a Link to this Reply
The painting is so inconsistent between the two ...not feeling it.
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 Posted 07/13/2020  8:49 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
I am once again surprised by the Mint's pricing - $95 for the colorized silver dollar (a 28% jump over the standard proof coin at regular price) and $55 for the colorized half dollar (a 25% jump). I think we all realized the colorized coins would be more, but I didn't think 25%+ more!

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 Posted 07/14/2020  12:17 am  Show Profile   Bookmark this reply Add morgans dad to your friends list Get a Link to this Reply
CCFPress, Thank You for the stats. The pictured coin looks Amazing.
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 Posted 07/14/2020  06:55 am  Show Profile   Bookmark this reply Add bzookaj to your friends list Get a Link to this Reply
I'm conflicted on these. At first I preferred the half, but as I look at it, I increasingly think it's over colorized. It would be nicer if they had just stuck to the ball.
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 Posted 07/14/2020  08:50 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
With that pricing I think I will have to pass. $150 for $1.50 face. Ouch.
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 Posted 07/14/2020  09:18 am  Show Profile   Bookmark this reply Add bzookaj to your friends list Get a Link to this Reply
Does anyone know if there is "introductory" pricing, or is that the set and final price?

I'm just imagining that these may even become MORE expensive.
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 Posted 07/14/2020  10:34 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
There is no mention of an "Introductory Price" on the sales page for either of the colorized basketball coins - there typically is such a statement for commemorative coins if an initial discount is available. Check the pages for the Women's Suffrage coins, for example.

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Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 07/14/2020  1:46 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The painting is so inconsistent between the two ...not feeling it.
Agreed. Seems pointless.
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 Posted 07/14/2020  2:02 pm  Show Profile   Bookmark this reply Add xorbe to your friends list Get a Link to this Reply
Particularly this "collectable painting error" ;-)

So how are these getting painted anyway?
Edited by xorbe
07/14/2020 2:22 pm
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