@derryb said:
panic from the inexperienced flippers who got in for the fast buck.
I had a whole extra box of CC's and O's show up that I had forgotten about. You're damn right I dumped 'em on eBay undercutting everybody... Already getting less for those than I locked in my others for, might as well just flush 'em, take my guaranteed money, and roll it over fast. I am not interested in holding these until they start showing up en masse graded 70.
I don't think its panic, I think its more about just taking whats there profit-wise. I'll make something like $5,000 off these Morgan releases. I don't need to be greedy, thats way more than I was expecting when this started.
$5,000 that’s great….how?
Buy a lot of them, sell a lot of them.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
@cameonut2011 said:
Oh and they look like Carr productions/knock offs rather than genuine coinage.
I think that Dan has pretty good quality in the appearances of his work.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
@cameonut2011 said:
Oh and they look like Carr productions/knock offs rather than genuine coinage.
I think that Dan has pretty good quality in the appearances of his work.
If instead of fantasy dates he used regular dates, would it take you more than a split second to realize it is not an original, unadulterated Mint product? The surfaces always look off to me based on the images I see posted. To be fair, I don’t buy these as I vehemently oppose the pieces for reasons that are obvious.
@cameonut2011 said:
Oh and they look like Carr productions/knock offs rather than genuine coinage.
I think that Dan has pretty good quality in the appearances of his work.
If instead of fantasy dates he used regular dates, would it take you more than a split second to realize it is not an original, unadulterated Mint product? The surfaces always look off to me based on the images I see posted. To be fair, I don’t buy these as I vehemently oppose the pieces for reasons that are obvious.
Oddly, forumites are not nearly so understanding of pieces made in China.
@cameonut2011 said:
Oh and they look like Carr productions/knock offs rather than genuine coinage.
I think that Dan has pretty good quality in the appearances of his work.
If instead of fantasy dates he used regular dates, would it take you more than a split second to realize it is not an original, unadulterated Mint product? The surfaces always look off to me based on the images I see posted. To be fair, I don’t buy these as I vehemently oppose the pieces for reasons that are obvious.
Oddly, forumites are not nearly so understanding of pieces made in China.
I wish I could click agree more than once! The orient are treated as evil when the same/similar practices are used but if executed in Loveland, CO all is well.
Any way, back to the Morgan/Peace Dollar pricing discussion. I didn’t mean to go off on a tangent.
@cameonut2011 said:
Oh and they look like Carr productions/knock offs rather than genuine coinage.
I think that Dan has pretty good quality in the appearances of his work.
If instead of fantasy dates he used regular dates, would it take you more than a split second to realize it is not an original, unadulterated Mint product? The surfaces always look off to me based on the images I see posted. To be fair, I don’t buy these as I vehemently oppose the pieces for reasons that are obvious.
Oddly, forumites are not nearly so understanding of pieces made in China.
I just received a Morgan D in the mail this weekend. Upon inspection, it has what appears to be a punch mark on the reverse side. Does this affect the value of the coin? Should I be asking for a return/replacement?
@cameonut2011 said:
Oh and they look like Carr productions/knock offs rather than genuine coinage.
I think that Dan has pretty good quality in the appearances of his work.
If instead of fantasy dates he used regular dates, would it take you more than a split second to realize it is not an original, unadulterated Mint product? The surfaces always look off to me based on the images I see posted. To be fair, I don’t buy these as I vehemently oppose the pieces for reasons that are obvious.
I made no comment as to whether or not I approved of his legal tender design overstrikes. I merely said that as a private minter, and he does many things besides his legal tender design overstrikes, Dan does good quality work.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
@Seeker44 said:
I just received a Morgan D in the mail this weekend. Upon inspection, it has what appears to be a punch mark on the reverse side. Does this affect the value of the coin? Should I be asking for a return/replacement?
Read this thread. All the answers and more are here. Welcome and just quickly I don’t believe you will receive a replacement. A refund most likely 😉
They overvalued / highly promoted will fall further. A big gun RCI industry friend in Cali (who knows USM aftermarket) area feels they will come down further as novelty wears off. He’s seldom wrong - says “many handling these operate on 1-2pct spread shaking in their boots but one hiccup they fall like a house of cards.” Sell them out now?
@cameonut2011 said:
Oh and they look like Carr productions/knock offs rather than genuine coinage.
I think that Dan has pretty good quality in the appearances of his work.
If instead of fantasy dates he used regular dates, would it take you more than a split second to realize it is not an original, unadulterated Mint product? The surfaces always look off to me based on the images I see posted. To be fair, I don’t buy these as I vehemently oppose the pieces for reasons that are obvious.
Oddly, forumites are not nearly so understanding of pieces made in China.
I wish I could click agree more than once! The orient are treated as evil when the same/similar practices are used but if executed in Loveland, CO all is well.
Sure sounds like you are saying that Carr, as with chinese counterfeits, attempts to deceive the buyers of his products. If so, I strongly disagree. Most collectors know the difference between a "fantasy piece" and a deceptive counterfeit.
Repetition of ignorance is ignorance raised to the power two.
@claychaser said:
I've seen a big drop in prices in offers to buy live coins, as low as $95 to $105 levels.
This seems to me a much larger drop off and earlier in the delivery cycle than other programs.
Maybe there was just too many mint offerings too close together (T-2 eagles, reverse proof eagles, the dollars, etc). Or could it be the actual coins in hand just don't have surface look of old tyme BU Morgans? I find them somewhat unattractive.
What see ye pundits?
As there is a lot of them minted, I don't really see much price appreciation on these. Personally, I would rather spend a C-note on an eye-appealing common date Morgan or Peace dollar. JMHO!
@cameonut2011 said:
Oh and they look like Carr productions/knock offs rather than genuine coinage.
I think that Dan has pretty good quality in the appearances of his work.
If instead of fantasy dates he used regular dates, would it take you more than a split second to realize it is not an original, unadulterated Mint product? The surfaces always look off to me based on the images I see posted. To be fair, I don’t buy these as I vehemently oppose the pieces for reasons that are obvious.
Oddly, forumites are not nearly so understanding of pieces made in China.
I wish I could click agree more than once! The orient are treated as evil when the same/similar practices are used but if executed in Loveland, CO all is well.
Sure sounds like you are saying that Carr, as with chinese counterfeits, attempts to deceive the buyers of his products. If so, I strongly disagree. Most collectors know the difference between a "fantasy piece" and a deceptive counterfeit.
The Chinese also make a 1964 peace dollar, for example. For decades, there have been impossible fate/ mint mark combinations sold as souvenirs throughout Asia. Are these artistic fantasy pieces with collecting?
@claychaser said:
I've seen a big drop in prices in offers to buy live coins, as low as $95 to $105 levels.
This seems to me a much larger drop off and earlier in the delivery cycle than other programs.
Maybe there was just too many mint offerings too close together (T-2 eagles, reverse proof eagles, the dollars, etc). Or could it be the actual coins in hand just don't have surface look of old tyme BU Morgans? I find them somewhat unattractive.
What see ye pundits?
As there is a lot of them minted, I don't really see much price appreciation on these. Personally, I would rather spend a C-note on an eye-appealing common date Morgan or Peace dollar. JMHO!
These things never appreciate long term. Whether the right price us $50, $80, or $100 remains to be seen.
@gumby1234 said:
I'll wait until they come down to the $50 price range. Which is where I think they should be.
With the amount of poor quality coins I would think that might be a possibility. I feel better quality coins will bring a fair price. The more funky coins, then the less higher quality available. 😉
@claychaser said:
I've seen a big drop in prices in offers to buy live coins, as low as $95 to $105 levels.
This seems to me a much larger drop off and earlier in the delivery cycle than other programs.
Maybe there was just too many mint offerings too close together (T-2 eagles, reverse proof eagles, the dollars, etc). Or could it be the actual coins in hand just don't have surface look of old tyme BU Morgans? I find them somewhat unattractive.
What see ye pundits?
As there is a lot of them minted, I don't really see much price appreciation on these. Personally, I would rather spend a C-note on an eye-appealing common date Morgan or Peace dollar. JMHO!
These things never appreciate long term. Whether the right price us $50, $80, or $100 remains to be seen.
The 2001 Buffalo Dollar has held up pretty well.
If these are a one year thing, they could do okay. Collecting all the mint/privy marks could become a thing.
If it becomes a multi-year thing, I'm guessing future years will have lower mintages and higher prices.
@gumby1234 said:
I'll wait until they come down to the $50 price range. Which is where I think they should be.
With the amount of poor quality coins I would think that might be a possibility. I feel better quality coins will bring a fair price. The more funky coins, then the less higher quality available. 😉
I only looked at the CC+O Privys that I had and they looked nice enough. The O's were definitely worse quality, maybe 3-4 68/69, but all the CC's looked excellent.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
@claychaser said:
I've seen a big drop in prices in offers to buy live coins, as low as $95 to $105 levels.
This seems to me a much larger drop off and earlier in the delivery cycle than other programs.
Maybe there was just too many mint offerings too close together (T-2 eagles, reverse proof eagles, the dollars, etc). Or could it be the actual coins in hand just don't have surface look of old tyme BU Morgans? I find them somewhat unattractive.
What see ye pundits?
As there is a lot of them minted, I don't really see much price appreciation on these. Personally, I would rather spend a C-note on an eye-appealing common date Morgan or Peace dollar. JMHO!
These things never appreciate long term. Whether the right price us $50, $80, or $100 remains to be seen.
The 2001 Buffalo Dollar has held up pretty well.
If these are a one year thing, they could do okay. Collecting all the mint/privy marks could become a thing.
If it becomes a multi-year thing, I'm guessing future years will have lower mintages and higher prices.
Failing to drop isn't the same as appreciating. There are only a handful (1995-W ASE, e.g.) that have ever gone up after the initial price surge.
What were the Buffalos selling for on eBay in the 1st year after release?
@gumby1234 said:
I'll wait until they come down to the $50 price range. Which is where I think they should be.
With the amount of poor quality coins I would think that might be a possibility. I feel better quality coins will bring a fair price. The more funky coins, then the less higher quality available. 😉
I only looked at the CC+O Privys that I had and they looked nice enough. The O's were definitely worse quality, maybe 3-4 68/69, but all the CC's looked excellent.
The Denver seem to be the worst, at least based on my initial results.
If I were speculating, I'd buy D 70s presale and see what happens. I bet their yield would be lower.
Of 30 CCs I looked at, none had problems.
Of 30 Os I looked at, 3 had problems.
Of 6 D's I looked at (small sample, admittedly), 3 had problems.
Of 9 S's I looked at, none had problems.
I only had 3 P's so far and none had problems.
FWIW:
I listed one O with a spot on its cheek at $99 and it sold pretty quickly.
I sold out of sets of 5 at $739 per set.
I've had little luck so far selling single CCs (2 sales) and Os (1 sale) at $179 and $139 respectively. I'll probably drop the price once I get them all in and make as many sets as I can.
I like these coins. I'm happy with the resale price. All the negativity is harshing my buzz....
Comments
Buy a lot of them, sell a lot of them.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
xxxx
BST references available on request
I think that Dan has pretty good quality in the appearances of his work.
If instead of fantasy dates he used regular dates, would it take you more than a split second to realize it is not an original, unadulterated Mint product? The surfaces always look off to me based on the images I see posted. To be fair, I don’t buy these as I vehemently oppose the pieces for reasons that are obvious.
Oddly, forumites are not nearly so understanding of pieces made in China.
I wish I could click agree more than once! The orient are treated as evil when the same/similar practices are used but if executed in Loveland, CO all is well.
Any way, back to the Morgan/Peace Dollar pricing discussion. I didn’t mean to go off on a tangent.
Well, that's different. Because reasons.
I just received a Morgan D in the mail this weekend. Upon inspection, it has what appears to be a punch mark on the reverse side. Does this affect the value of the coin? Should I be asking for a return/replacement?
I made no comment as to whether or not I approved of his legal tender design overstrikes. I merely said that as a private minter, and he does many things besides his legal tender design overstrikes, Dan does good quality work.
Read this thread. All the answers and more are here. Welcome and just quickly I don’t believe you will receive a replacement. A refund most likely 😉
🎶 shout shout, let it all out 🎶
They overvalued / highly promoted will fall further. A big gun RCI industry friend in Cali (who knows USM aftermarket) area feels they will come down further as novelty wears off. He’s seldom wrong - says “many handling these operate on 1-2pct spread shaking in their boots but one hiccup they fall like a house of cards.” Sell them out now?
Sure sounds like you are saying that Carr, as with chinese counterfeits, attempts to deceive the buyers of his products. If so, I strongly disagree. Most collectors know the difference between a "fantasy piece" and a deceptive counterfeit.
Repetition of ignorance is ignorance raised to the power two.
I’m not surprised prices are dropping. The mintages of these are huge. If you don’t sell for the holiday season, it may be over for a quick profit.
I was interested in buying from the Mint. My interest in buying on the secondary market is not zero but close.
As there is a lot of them minted, I don't really see much price appreciation on these. Personally, I would rather spend a C-note on an eye-appealing common date Morgan or Peace dollar. JMHO!
The Chinese also make a 1964 peace dollar, for example. For decades, there have been impossible fate/ mint mark combinations sold as souvenirs throughout Asia. Are these artistic fantasy pieces with collecting?
These things never appreciate long term. Whether the right price us $50, $80, or $100 remains to be seen.
I'll wait until they come down to the $50 price range. Which is where I think they should be.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
With the amount of poor quality coins I would think that might be a possibility. I feel better quality coins will bring a fair price. The more funky coins, then the less higher quality available. 😉
🎶 shout shout, let it all out 🎶
The 2001 Buffalo Dollar has held up pretty well.
If these are a one year thing, they could do okay. Collecting all the mint/privy marks could become a thing.
If it becomes a multi-year thing, I'm guessing future years will have lower mintages and higher prices.
I only looked at the CC+O Privys that I had and they looked nice enough. The O's were definitely worse quality, maybe 3-4 68/69, but all the CC's looked excellent.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Failing to drop isn't the same as appreciating. There are only a handful (1995-W ASE, e.g.) that have ever gone up after the initial price surge.
What were the Buffalos selling for on eBay in the 1st year after release?
The Denver seem to be the worst, at least based on my initial results.
If I were speculating, I'd buy D 70s presale and see what happens. I bet their yield would be lower.
Of 30 CCs I looked at, none had problems.
Of 30 Os I looked at, 3 had problems.
Of 6 D's I looked at (small sample, admittedly), 3 had problems.
Of 9 S's I looked at, none had problems.
I only had 3 P's so far and none had problems.
FWIW:
I listed one O with a spot on its cheek at $99 and it sold pretty quickly.
I sold out of sets of 5 at $739 per set.
I've had little luck so far selling single CCs (2 sales) and Os (1 sale) at $179 and $139 respectively. I'll probably drop the price once I get them all in and make as many sets as I can.
I like these coins. I'm happy with the resale price. All the negativity is harshing my buzz....
Ebay fees are at 8.5% if you own a store (They advertise 6% but as an ebay seller I get charged 8.5)
Postage if you use pirate ship should be about $6-$7.
With that in mind you are essentially getting $100 unless the buyer is paying for shipping.
My eBay page: https://www.ebay.com/usr/alvareznumismatics
By the way, Heritage was selling sets of all 6 coins at $899
6% Final Value plus 2.5%+$0.30 payment processing in case you're wondering.
"It's like God, Family, Country, except Sticker, Plastic, Coin."