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

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Pillar of the Community
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919 Posts
 Posted 07/14/2020  4:05 pm  Show Profile   Check omxfl's eBay Listings Bookmark this reply Add omxfl to your friends list Get a Link to this Reply
Gee, at that mark-up over the non-colorized coins the mint can dunk these where the rim doesn't shine (no pun intended).
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 Posted 07/15/2020  07:16 am  Show Profile   Bookmark this reply Add CollegeBarbers to your friends list Get a Link to this Reply
Surprisingly I actually don't mind the coloring. I wasn't sure how it would turn out, but the Mint images look pretty good. It remains to be seen how they look in person, though, and it still doesn't change my opinion that the basketball commemorative program is gimmicky.

Quote:
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!

IMO, that's the problem. The prices are exorbitant! I can understand a slight increase for the coloring, but not much. Compared to the regular prices for last year's commemorative coins, the increase is even more dramatic: 67% for the half ($32.95 -> $55.00) and 58% for the dollar ($59.95 -> $95.00).
Edited by CollegeBarbers
07/15/2020 07:16 am
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United Kingdom
1457 Posts
 Posted 07/15/2020  3:51 pm  Show Profile   Bookmark this reply Add kena to your friends list Get a Link to this Reply
I am still on the fence if I want to get any of these.

My wife saw the images of the ones with colours on them and asked if I am getting any of them. Her feelings are since it is the first time that the US Mint is doing this, I should get them with and without colours.

Right now, I am leaning bit towards the colour half, enhanced half, and proof half.

I already see some folks are not keen on these at all.

Ken
CCF member Member Since: 07/27/2008
Valued Member
United States
320 Posts
 Posted 07/15/2020  4:34 pm  Show Profile   Bookmark this reply Add bzookaj to your friends list Get a Link to this Reply

Quote:
Her feelings are since it is the first time that the US Mint is doing this, I should get them with and without colours.

This is basically where I am.
I figured I would pick up one of each, and chose the dollar. I also picked up the kids half for the special finish.

I was going to get a set of half dollars for a friend who really likes basketball, but given the prices, they'll have to settle for the uncolored version only.
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 Posted 07/15/2020  9:36 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
A final look at the sales figures until after the colorized coins are released:

COIN DESCRIPTION / AS OF JUNE 7 / AS OF JUNE 14 / AS OF JUNE 21 / AS OF JULY 12 / CHANGE FROM PREVIOUS REPORT

2020 BASKETBALL HOF - GOLD PROOF / 5,750 / 6,284 / 6,527 / 7,106 / +579
2020 BASKETBALL HOF - GOLD UNC / 2,519 / 2,666 / 2,732 / 2,928 / +196
2020 BASKETBALL HOF - SILVER PROOF / 44,215 / 50,016 / 53,086 / 60,239 / +7,153
2020 BASKETBALL HOF - SILVER UNC / 14,395 / 15,956 / 16,602 / 18,738 / +2,136
2020 BASKETBALL HOF - CLAD PROOF / 18,312 / 20,168 / 21,099 / 24,141 / +3,042
2020 BASKETBALL HOF - CLAD UNC / 9,709 / 10,655 / 11,080 / 12,349 / +1,269
2020 BASKETBALL HOF - KIDS SET / 20,280 / 21,828 / 22,487 / 23,915 / +1,428

As with all programs, the first week of sales provides the largest volume and sales beyond that are relatively slow. That said, sales for the Basketball HoF coins continue to lag behind expectations - remember that the above increases represent three week's worth of sales. Hopes were that the program would match the popularity of the Baseball HOF program, but that hasn't happened by any stretch.

It will be interesting to see what type of sales bump is provided by the introduction of the colorized coins.



Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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United States
295 Posts
 Posted Yesterday  10:10 am  Show Profile   Bookmark this reply Add goldnugget to your friends list Get a Link to this Reply
US Mint 2020 Commemorative Coins Total Sales Ending August 8,2020

Commemoratives 20CA 2020 BASKETBALL HALL OF FAME - GOLD PROOF CURVED COIN 7221 8/2/2020
Commemoratives 20CB 2020 BASKETBALL HALL OF FAME - GOLD UNC CURVED COIN 2942 8/2/2020
Commemoratives 20CC 2020 BASKETBALL HALL OF FAME - SILVER PROOF CURVED COIN 61365 8/2/2020
Commemoratives 20CD 2020 BASKETBALL HALL OF FAME - SILVER UNC CURVED COIN 19041 8/2/2020
Commemoratives 20CE 2020 BASKETBALL HALL OF FAME - CLAD PROOF CURVED COIN 24529 8/2/2020
Commemoratives 20CG 2020 BASKETBALL HALL OF FAME - CLAD UNC CURVED COIN 12541 8/2/2020
Commemoratives 20CH 2020 BASKETBALL HALL OF FAME KID SET - 20804 8/2/2020
( I just Noticed that the Kids Set Total is probably wrong on Sales Total )
For all Coins Sales the link is below :
https://www.usmint.gov/about/produc...lative-sales
Edited by goldnugget
Yesterday 10:14 am
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