Opinions on long-term resale value of dif't D.C. Morgan overstrikes

I reject your reality and substitute actual reality. I agree with what you're saying in general but Carr items are a completely different and unique numismatic animal. He's been doing this for damn near a decade and his stuff (the vast majority of it anyway) does nothing but continually rise in value on a steady pace aside the occasional sleepy listing where one can score a piece at a fraction of standard current going prices. Anything is possible, I'll give you that, but people would be wise to buy his items at issue price when they can. I collect "real" coins too obviously and they are a dime a dozen. I can pick them up anytime so when I have the opportunity to buy a Carr at issue price anything but a killer cherrypick will be foregone for said Carr item(s). Mark my words. Buy at issue when possible. You will thank me later

 

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You know what is most disturbing to me about any collectable made by a private company? The fact that they can make whatever they want, whenever they want. So, after the secondary market price goes up, there is no law preventing them from making many more and profiting from them.

I'll stick with real coins. For your sake, I hope you're right, but why risk it when there's so many real coins with potential.

 

So anyone who collects these isn't a real collector?

 

You conveniently left out COIN. Sure there are collectors of all sorts of things. I'd even collect these if they were priced closer to melt. I see the error in privately minted stuff as being hyped as rare or limited, when there's no guarantee it will be and its appeal to a very limited market (i.e. not real coin collectors).

 

As a part time dealer myself, I'm always thinking about future sales... But why are you guys so adamant about "the aesthetics" of DC's stuff and "the audacity" of someone who questions it, if all you really want to do is cash in?

 

It's not about "cashing in" that's just a perk. I've only sold maybe 1 or 2 of my Carr items. At a very healthy profit. I can cash in big if I want now. But why, I like them. The point is the high potential of big gains in the future for something that gives me pleasure while I'm the stuard of it. I don't plan to be buried with any small round metal disks in my coffin

 

Obviously you don't know what you're talking about when it comes to the Moonlight Mint then.

 

His market is not "not real coin collectors". I would say this, go make a post on the CU forum and say that anyone who collects them isn't a real coin collector. You will be shocked at the caliber of collector some of the respondents will be who do collect them.

 

Who besides "real coin collectors" would think about buying them? Mind you, some "real coin collectors" like them and add them to their collections. Other "real coin collectors " wouldn't touch them with a 10-foot pole.

I hope the reference wasn't intended as in "real coin collectors" don't trade in slabbed coins, an arrogance which I've heard a few times.

 

I also hope that isn't where this is headed. Hopefully it is just an unfamiliarity with the products that has made him assume it is what some people would refer to as "granny bait".

 

Well, I hope it works out for you all. As for me, I rely on history as my guide, which isn't kind to private mint issues. So, I guess you could say, I'm risk adverse.

 

Y'all are putting the quotation marks and emphasis in the wrong place. His market is "not-real-coin" collectors - collectors of things that aren't real coins. His things aren't coins. Thus, someone who collects them is not collecting real coins. These people may also simultaneously collect real coins, just as I may simultaneously collect coins and wine.

 

I collect the corks.

 

That's fair enough looking at it that technically. Personally I would consider a token collector to be a coin collector but I get what you are saying.

 

I don't think anyone can really answer your question. There are too many unknowns. It will depend in part on the results of any adjudication of the legal status that may occur in the future. Boggs (novelty currency) pieces soared in value. NORFED pieces don't seem to be performing as strongly as the Boggs stuff.

 

Privately-minted items cover a wide range from junk to treasure. Something touted on late-night TV infomercials (such as the gold-plated Buffalo), will have very high mintages, low-quality engraving, and will probably never trade at or above the issue price.

But other privately-minted items that have low mintages and high-quality engraving are typically in demand.

Back in the mid 1970s at Denver area coin shows, privately-minted Lesher Dollars could be bought for as low as $25. Dealers would scoff at them, saying "you don't want that, that isn't a read US coin !". Idiots. I should not have listened to them. Even the most common variety in junky condition is well over $500 today. Most decent examples are $2,000 and up. Some as high as $50,000.

In contrast, a lot of the modern US Mint products (proof sets, state quarters, etc.) have too high a mintage to ever appreciate much, other than the bullion content.

 

Yes, I can pretty much mint whatever I want (within reason).
However, I have a reputation to uphold. When I announce a final mintage, that is it, no more. For several products, I easily could have sold twice as many as I had made. But I get bored rather quickly and I have a lot of ideas on things to make and I have an efficient die-making process. So rather than going back and making more of something I already made, I'd rather make something new.

And unlike other private mints, I maintain and publish accurate mintages and production details for everything I've ever made: edited

 

I'm not saying you do this, but realistically, would anyone pay attention and notice if you struck say 4,000 1964 Morgans as opposed to 2,000? I don't think so.

 

And that's where reputation comes into play. You must not know what the term means and implies. Speaking of that, have you given any thought to my retaining your services for my future wife during our future divorce?

 

Is DC self promoting up above? I need to add my website to this thread!