Silver Baseball Coins Approaching Sell-Out
On the heels of the record-breaking $5 gold Baseball Hall of Fame commemorative coin sell-out that took about 12 hours*, a new record for silver commemoratives appears imminent.
The proof and uncirculated silver baseball coins are extremely popular. Sales were already brisk with almost 60% of the maximum mintage sold in the first couple days. Then the gold coins sold out, which spurred buyers to load up on the silver version.
By April 2 208,870 proof and 104,841 uncirculated silver coins were sold. With about 25,000 coins selling each day, the silver versions were expected to be gone by the time the Mint returned to work on Monday, April 7, when a wait list was expected to be posted.
The clad coins have not been selling nearly as quickly, though that could change now that the new baseball season has started. The coins are expected to be sold at games to fans.
The silver dollars may end up as long-term winners with collectors like the 2001 Buffalo silver dollars were. Back then 500,000 coins were sold in 14 days, and in this case the sale of 400,000 coins is set to end a couple days sooner. The breakdown between proof and uncirculated coins is not yet known, but I suspect it will be roughly 250,000 proofs to 150,000 uncirculated coins. That may give an edge to the value of the uncs down the road, but that remains to be seen.
Both coins are popular largely because they depict iconic American themes, baseball and bison (which is technically, a North American animal also seen in Canada).
*Although all the gold coins sold out on the first day, the sell-out was not official until March 30.