Carr Opinion Poll (Ownership)

I tried that .99 cent starting price and ended up selling a US Mint set for below face value. In other words, I just do not believe this .99 cent starting bid business unless you have a group of dedicated followers.

With the exception of the 64-D Peace I have, I'd bet even money that I'd lose on virtually every DCarr Item I own.

Why?

Because it's a very slim market. It's a market which is more or less controlled by Coin Forums who happily and thankfully announce every new product. Kinda like the Type B Washington Market. At first, it was fairly strong at one time with resale prices adequately covering the grading and selling fee's. Today, only the high grade examples command any premiums.

I'm not saying Daniel has a bad product but what I am saying is this his products have a fairly short lifespan on the open market where consistent premiums, except for a few coins, can be difficult to obtain. His products are definitely one of those "buy them because you enjoy them" types of products.

Strike while the iron is hot because when the iron cools off, its tough to make a profit and more often than not, it's less than break even.

Just my Opinion.

 

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I've got a 1970 Eisenhower Dollar Fantasy Issue ReStrike, Copper-Nickel Clad, Satin Finish, MS-67 (Mintage 107).

Do you think I could attract break even bid on it?

$90 for the coin
Only 107 minted
$5.00 shipping
$4.00 postage including envelope and protective mailer
$4.56 ebay fee's (calculated based upon a $90 sale)

$103.56 ?

Remember, it's CnClad.

 

I think you also have to consider the popularity of the overstrike. There are more Morgan collectors than Ike collectors, for example. Thus, the aftermarket will likely be better for the more popular series. The 1964 Franklin does very well but the 1963 or 1975 Kennedy half not as much. I do think that the future of all overstrike issues is promising but as always buy what you like and you cannot go wrong. TC

 

Are you saying that if we stop posting about his pieces, the market will plummet?

 

Closest sold comparison I could find on eBay from a quick search was a 75 clad Ike restrike ANACS MS 69 that sold for 160, so maybe.

 

All my Carr pieces are ungraded so, probably not. However, if they were, I'd have to add the shipping costs, both to and from ANACS, and the grading fee's to the break even price. Right?

Which reminds me, I need to add the amount for shipping from the manufacturer at purchase to the base price.

 

Exactly.

 

Not at all but, tell me, where did you hear about the Daniel Carr overstrikes?

 

True but if you have enough for their 10 coin specials with free return shipping the grading cost is pretty marginal. If it sold for the same price you would come out a little head

 

The overstrikes just don't interest me very much. I do like some of the issues with his own designs, such as the HTT's, and own a couple.

 

Maybe, depending on the design... there's definitely a premium involved, so I'd much prefer to add some Hearn or Lobel fantasy coins to my collection instead.

 

Actually I first came by them searching eBay in my early collecting days and thought they were awesome then started to research them further. Finding old threads on different forums and the "haters" reaction to them only made me want one more. The crazy overblown righteous indignation that goes on here though is funny for the most part. He has his few critics on other forums but CT takes the crazy cake by far. Along with NGC too but those are the same "forum few" that post here on CT about them over at NGC so that doesn't really count.

I'm in Vegas right now and I'm gonna throw the dice while yelling "Daddy needs a new (die) pair of... Carr's!"

 

You should hit up the Venetian and try to win back some of my losings. You could buy all kinds of nice coins if you did lol.

 

Which is odd because I thought there were more Kennedy collectors than Franklin collectors. Maybe it is just me, but absent cameo contrasts, monster toning, or PL surfaces the series strikes me as boring.

 

There very well may be more kennedy collectors, but at this point that series is already rather extensive. Just like with the gold Kennedy there probably aren't a ton of them adding extra dates. Also unlike some of the other overstrikes a very high grade Kennedy is extremely affordable, most of us probably wont ever have a MS 67 or higher bust half or Morgan but an MS 67 Kennedy in a lot of dates is very affordable.

Probably more importantly though, aside from the top pops most Kennedys are pretty cheap in price, I think most people do it as a fun set and adding a 100 dollar piece or so would be a substantial portion of the total value if not exceed it when you can get most of them for a buck or two from a mint set. I know I would feel odd adding a three figure or close two piece to a set where the 2nd most expensive coin is under 20 dollars.

Of course none of that may matter to some or most people but those are my two theories.

 

Leave my little head out of this.

ANACS adds little in resale prices and in some cases actually hurts resale.

I've played around with the thought but I just cannot get myself to take advantage of their 10 coins specials. Heck, I have to force myself to submit my 8 annual freebies from PCGS.

 

Where did you first hear about the DCARR OverStrikes?

 

I prefer mine slabbed just because it's easier to store and well my cat likes to get a hold of things and its no big deal if he starts playing with a slab lol. If it was 25 or 30 bucks a coin I would probably change my stance for these but another 9 or 10 is worth it to me. Having the signature on the label is kind of a cool add on too.

It may actually be even cheaper now, if I remember correctly the last special had something about an extra 4 coins for the special for people with an online account with ANACS. I can't remember the exact details but I do remember thinking I would have done it if I had enough of his stuff waiting to go in.

 

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