I can't get through all of the HSN drama here. Suffice to say that if Carr is respectfully attributed to the merchandise there, it will broaden the collector base of his products, which is good for Daniel and for most of us. Legacy products have fixed supply and increasing demand tends to increase secondary market valuations.
@NJCoin said:
I also understand the economics of selling on TV. Unlike many here, who have railed for years about what a rip-off it is. Some of the same people now jumping to buy from HSN, because it happens to be selling Dan Carr overstrikes, at the same inflated margins they sell everything at in order to make selling coins on TV worthwhile for the vendor, as opposed to using the time to sell makeup, jewelry, vacuum cleaners, etc.
These overstrikes are nowhere near the higher margins they charge on most of the Silver Eagles listed on the website.
$224.99 is a far cry from $799 and $899 for as single graded silver eagle. These are being priced like the common bullion ones.
This is Mike, and the exact coin Dan is overstriking for him. The other coins are not only equally overpriced, but they are not the same coins. Apples to apples would be bullion ASEs, grading of which is a scam onto itself, given that they are all just bullion made in the millions, with no real aftermarket value, regardless of the slab they are marketed in.
Yes, Dan definitely adds value with his overstrikes. Go to his website to peruse his offerings. When he makes thousands for sale on TV, that value dissipates. Due both to the vastly increased cost of selling on TV, and to the massive volumes necessary to make the enterprise worthwhile to the vendor.
There is currently an out of stock 1776-2026 Draped Bust / Heraldic Eagle ASE overstrike on Dan's website. It was offered for $180, and I cannot find the mintage.
But I am quite sure that it is not only $45-60 less expensive than what is now offered by HSN, but that the mintage is a tiny fraction of the ~10K of the HSN items. Not sure why anyone suddenly thinks anything offered on HSN is not overpriced.
I'm pretty sure their margins are right in line. HSN is likely not paying much, if anything, more than $120 for what they are selling for $230. Because that's their margin. I have no interest in getting into Dan's business, but I'd bet anything that Dan gets far less per coin for each of the tens of thousands that were commissioned by Mike than he gets for each one he sells individually to us on his website. Right in line with a $400 coin HSN sells for $800.
The coins Daniel sells on his website are not graded 70 by ANACS. Try to stay Apples to Apples. Also, we were discussing HSN and you link to some other website that is not HSN to prove your point. Again, not Apples to Apples.
We were talking HSN because you brought it up like these are so WAYYYY overpriced. Why did one sell yesterday for $290 on Ebay?
The gold coins on HSN are WAYYY overpriced by comparison, not these.
So if Daniel had to sell graded 70 coins from ANACS on his website, they would be more expensive than he currently charges. Much closer to the HSN price than you would want to admit.
PS The HSN website says over 3,100 sold so far today.
70 by ANACS means nothing when everyone gets a trophy. Every. Single. One. Is an ANACS "First Strike" 70.
HSN and CSN are the same for these. Same coins. Same seller. Apples to apples.
I can't tell you why some dummy pays $290 on eBay for something that is available for significantly less money directly from the source. The same way I can't explain why thousands of people will pay over $200 each for an entire series of them.
But they surely will. The question is who is going to buy from them when it is time to sell? And at what price? I think a lot closer to bullion than is the case when the mintage is in the dozens or hundreds rather than thousands.
The gold coins are just as overpriced as these. They will sell a few dozen at double what they are worth, resulting in thousands of dollars of profit per unit. And they will sell thousands of Dan's overstrikes at double what they are worth, resulting in dozens of dollars of profit per unit. Six or half a dozen, it's all the same to Mike.
@NJCoin said:
I can't tell you why some dummy pays $290 on eBay for something that is available for significantly less money directly from the source.
I bought several Carrs on eBay at the beginning because that's where I discovered them and it was the only place I knew where to find them. It was some time later when I discovered his own website and I could buy directly from him there. Maybe these "dummies" don't know about the shopping channels, do all their shopping on eBay etc., live in a state the shopping channels won't deliver to, would rather deal with individuals they know/trust, had never seen these products before, or prefer seeing pictures of the actual item they'd end up receiving.
70 by ANACS means nothing when everyone gets a trophy. Every. Single. One. Is an ANACS "First Strike" 70.
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Sure, if ANACS gave 70 to every coin it would mean nothing, but that's not happening. The rejects that don't get 70, go back to Dan to get done again or discarded. I see some value in ensuring the coin purchased is perfect, even if all of them are perfect 70s.
Imagine if the US Mint looked at coins before mailing them to us to make sure they were spot and mark free... I would see value in that even if that means everyone is a winner.
70 by ANACS means nothing when everyone gets a trophy. Every. Single. One. Is an ANACS "First Strike" 70.
.
Sure, if ANACS gave 70 to every coin it would mean nothing, but that's not happening. The rejects that don't get 70, go back to Dan to get done again or discarded. I see some value in ensuring the coin purchased is perfect, even if all of them are perfect 70s.
Imagine if the US Mint looked at coins before mailing them to us to make sure they were spot and mark free... I would see value in that even if that means everyone is a winner.
Or so they say. I don't believe it.
Dan generally does high quality work. Much higher quality than the Mint, due to the much lower volumes. Even with NGC and PCGS, the difference between a 69 and a 70 is often nothing, with "experts" disagreeing on grades going both ways.
I heard Magic Mike say last night that only around 65% of what they submit comes back 70. Dan would know, and Mike demonstrably embellishes, exaggerates, or flat out lies in every presentation. Most people who know anything at all about this stuff know this.
I doubt Dan is really producing 3 coins for every 2 they are selling on TV. And that they are really destroying 35% of what they are paying Dan to produce, rather than selling them as 69s at a reduced price. Because a Dan Carr MS69 First Strike overstrike in a slab is worth less than can be realized by paying to send them to the smelter and turning them into silver bars?
If this is really a thing, why don't they do that with ALL the bullion they buy and have graded? So, with all due respect, I'm calling BS. It's just pablum for the HSN audience. And, apparently you. To make you believe what you are buying is the best of the best, and well worth the ginormous premium you are being asked to pay.
I'd be willing to bet significant money that a teeny tiny fraction of what is submitted, if anything, does not make it into an ANACS MS70 slab. Nowhere near 35%.
Same way they are all "First Strike" although that is supposedly exclusively a PCGS thing, and a thing ANACS does not make available to anyone else. And a thing that cannot possibly apply to the host coin.
Since Dan is really overstriking, not striking, maybe it should be "First Overstrike," which wouldn't quite roll off the tongue the same way. And which also means nothing, since every single coin they are selling has it.
Think what you want, but it's nothing but marketing hype that only confers value because you think it does. ANACS slabs coins for individuals at $16 each. Less with coin show specials. In the quantity Mike submits, he is paying next to nothing for each of those slabs.
@NJCoin said:
The gold coins are just as overpriced as these. They will sell a few dozen at double what they are worth, resulting in thousands of dollars of profit per unit. And they will sell thousands of Dan's overstrikes at double what they are worth, resulting in dozens of dollars of profit per unit. Six or half a dozen, it's all the same to Mike.
They have now sold over 3,800 coins, all in one day, with almost two hours left.
@NJCoin said:
The gold coins are just as overpriced as these. They will sell a few dozen at double what they are worth, resulting in thousands of dollars of profit per unit. And they will sell thousands of Dan's overstrikes at double what they are worth, resulting in dozens of dollars of profit per unit. Six or half a dozen, it's all the same to Mike.
They have now sold over 3,800 coins, all in one day, with almost two hours left.
Yes. What's your point?
That HSN and Mike Mezack are a very successful marketing machine? Granted. It's why this is a home run for Dan.
How many slabbed bullion coins do they sell every New Years Eve, at huge markups? It's what they do. Why do you think they take airtime away from computers, jewelry, vacuums, fans, etc. to give it to Mike, several times a month?
When it involves anything other than a Dan Carr overstrike, this forum recognizes it for what it is. But there seems to be a blind spot with these.
I sincerely hope everyone, both here and in the general public, enjoys their purchase. No shade. But let's not pretend it's anything other than what it is.
You seem to be such a big fan I wanted you to know.
Not many could sell that much in one day at way overpriced as you claim.
Not true. Mike is GREAT at what he does, which is why he is still doing it after all these years, while many others have come and gone.
HSN moves a ton of overpriced product every day, in a wide variety of categories. That's how and why they have a business.
And don't get me wrong. Again, no shade. The product HAS to be overpriced, by definition, because home shopping is a very expensive sales channel. But watching Mike claim his price is the "wholesale price" is laughable. Do you laugh while buying an ounce of silver for $230, wholesale?
Because I sure do, while watching him dribble out a set of 4 of these, getting people to eagerly pay around $1,000 for a strictly limited edition set of literally thousands of aftermarket overstrikes of silver bullion coins. As I type this, I am watching Mike and his co-host gush over the amazing deal he is offering of 1/1000 ounce of gold for only $50.
This is guy is following up your bargain overstrike by selling gold for $50,000 an ounce. Hundreds or thousands of people will also buy that. Should I be impressed by their intelligence, or by his ability to sell ice to Eskimos, gold at over 10x its value, and Dan Carr overstrikes to you?
Or should I think it isn't overpriced, because the American public would never buy it if it was? Now he's selling $10 worth of dimes for $43.50. Also a great deal? Because he says dealers are buying from him in quantity at his price, rather than going to a bank?
Again, before Dan Carr, there was no debate here regarding the value Mike Mezack offered. For some strange reason, you and others here seem to believe Dan Carr is the single exception to the general Mike Mezack rule.
You seem to be such a big fan I wanted you to know.
Not many could sell that much in one day at way overpriced as you claim.
Not true. Mike is GREAT at what he does, which is why he is still doing it after all these years, while many others have come and gone.
HSN moves a ton of overpriced product every day, in a wide variety of categories. That's how and why they have a business.
And don't get me wrong. Again, no shade. The product HAS to be overpriced, by definition, because home shopping is a very expensive sales channel. But watching Mike claim his price is the "wholesale price" is laughable. Do you laugh while buying an ounce of silver for $230, wholesale?
Because I sure do, while watching him dribble out a set of 4 of these, getting people to eagerly pay around $1,000 for a strictly limited edition set of literally thousands of aftermarket overstrikes of silver bullion coins. As I type this, I am watching Mike and his co-host gush over the amazing deal he is offering of 1/1000 ounce of gold for only $50.
This is guy is following up your bargain overstrike by selling gold for $50,000 an ounce. Hundreds or thousands of people will also buy that. Should I be impressed by their intelligence, or by his ability to sell ice to Eskimos, gold at over 10x its value, and Dan Carr overstrikes to you?
Or should I think it isn't overpriced, because the American public would never buy it if it was? Now he's selling $10 worth of dimes for $43.50. Also a great deal? Because he says dealers are buying from him in quantity at his price, rather than going to a bank?
Again, before Dan Carr, there was no debate here regarding the value Mike Mezack offered. For some strange reason, you and others here seem to believe Dan Carr is the single exception to the general Mike Mezack rule.
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I disagree especially on that last sentence.
I have not followed many of their offerings over the years.
But I do remember one show where they were selling silver bullion bars for a pretty good price.
1/1000 oz fabricated fractional gold will always be a less economical form of gold to purchase, regardless of the seller and venue.
70 by ANACS means nothing when everyone gets a trophy. Every. Single. One. Is an ANACS "First Strike" 70.
.
Sure, if ANACS gave 70 to every coin it would mean nothing, but that's not happening. The rejects that don't get 70, go back to Dan to get done again or discarded. I see some value in ensuring the coin purchased is perfect, even if all of them are perfect 70s.
Imagine if the US Mint looked at coins before mailing them to us to make sure they were spot and mark free... I would see value in that even if that means everyone is a winner.
Or so they say. I don't believe it.
Dan generally does high quality work. Much higher quality than the Mint, due to the much lower volumes. Even with NGC and PCGS, the difference between a 69 and a 70 is often nothing, with "experts" disagreeing on grades going both ways.
I heard Magic Mike say last night that only around 65% of what they submit comes back 70. Dan would know, and Mike demonstrably embellishes, exaggerates, or flat out lies in every presentation. Most people who know anything at all about this stuff know this.
I doubt Dan is really producing 3 coins for every 2 they are selling on TV. And that they are really destroying 35% of what they are paying Dan to produce, rather than selling them as 69s at a reduced price. Because a Dan Carr MS69 First Strike overstrike in a slab is worth less than can be realized by paying to send them to the smelter and turning them into silver bars?
If this is really a thing, why don't they do that with ALL the bullion they buy and have graded? So, with all due respect, I'm calling BS. It's just pablum for the HSN audience. And, apparently you. To make you believe what you are buying is the best of the best, and well worth the ginormous premium you are being asked to pay.
I'd be willing to bet significant money that a teeny tiny fraction of what is submitted, if anything, does not make it into an ANACS MS70 slab. Nowhere near 35%.
Same way they are all "First Strike" although that is supposedly exclusively a PCGS thing, and a thing ANACS does not make available to anyone else. And a thing that cannot possibly apply to the host coin.
Since Dan is really overstriking, not striking, maybe it should be "First Overstrike," which wouldn't quite roll off the tongue the same way. And which also means nothing, since every single coin they are selling has it.
Think what you want, but it's nothing but marketing hype that only confers value because you think it does. ANACS slabs coins for individuals at $16 each. Less with coin show specials. In the quantity Mike submits, he is paying next to nothing for each of those slabs.
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65% MS70 results are not limited to what I over-strike. That is perhaps the percentage of MS70 grades they get from a batch of normal bullion Silver Eagles.
I have noticed that the 2026 Silver Eagles have more planchet issues than prior years. These defects are typically black slag pockets and loose silver particles rolled into the planchet strip. It has been problematic enough that I have had to spend more time in pre-screening coins before they are over-struck. Many coins literally need to have gunk scraped off (or dug out) of them. Doing that, followed by the normal wire-brushing, usually works to get a "clean" problem-free over-strike.
Current HSN item text for May 22 one day only sale.
"2026 MS70 ANACS Silver Eagle with Daniel Carr Constitution Privy Overstrike
Celebrate 250 years of American history with this stunning 2026 Denver Mint Silver Eagle featuring a specialty overstrike issue produced on a Denver Mint Silver Eagle coin and enhanced with commemorative Constitution-themed artwork and the dual date "1776 ~ 2026" in celebration of America's 250th anniversary. This collectible coin combines the beauty of .999 fine silver with an ANACS Mint State 70 certification, making it a must-have for patriotic collectors. It is encapsulated and arrives safely tucked inside a sleek black velvet pouch, perfect for display or gifting. Get yours today.
What You Get
2026 MS70 ANACS D-Mint Silver Eagle with Daniel Carr Constitution Dual-Date Overstrike
Black Velvet Coin Pouch
All coin items considered for return must be in their original condition as sold. Seals and cases contribute to the value of the coin and currency collectibles and must remain intact and unbroken. This applies but is not limited to: grading cases, Mint and Proof cases and packages, bag seals, original government sealed packaging and/or any other special packaging or containers.
About Collectible Coins…
Treasures from around the world – delivered right to your door! Our large selection of collectible coin sets, proofs, ancient and uncirculated coins is ideal for both the novice and the experienced collector. HSN coin experts travel the world for the best coins - from the latest U.S. state quarters to the Widow’s Mite coin, discovered during an archeological dig in the Middle East. Most coins include a Certificate of Authenticity that validates the coin’s origin and condition.
This item is not for sale to customers in Minnesota."
"2026 MS70 ANACS Silver Eagle with Daniel Carr Flag Privy Overstrike
Celebrate 250 years of American history with this stunning 2026 Denver Mint Silver Eagle featuring Daniel Carr’s unique Flag Privy Dual Date Overstrike design. This collectible coin combines the beauty of .999 fine silver with an ANACS Mint State 70 certification, making it a must-have for patriotic collectors. This silver eagle is encapsulated and arrives safely tucked inside a sleek black velvet pouch, perfect for display or gifting.
What You Get
2026 MS70 ANACS D-Mint Silver Eagle with Daniel Carr Flag Privy Dual Date Overstrike
Black Velvet Coin Pouch; approx. 4" x 5.5"
All coin items considered for return must be in their original condition as sold. Seals and cases contribute to the value of the coin and currency collectibles and must remain intact and unbroken. This applies but is not limited to: grading cases, Mint and Proof cases and packages, bag seals, original government sealed packaging and/or any other special packaging or containers.
About Collectible Coins…
Treasures from around the world – delivered right to your door! Our large selection of collectible coin sets, proofs, ancient and uncirculated coins is ideal for both the novice and the experienced collector. HSN coin experts travel the world for the best coins - from the latest U.S. state quarters to the Widow’s Mite coin, discovered during an archeological dig in the Middle East. Most coins include a Certificate of Authenticity that validates the coin’s origin and condition.
This item is not for sale to customers in Minnesota."
"2026 Denver Mint Silver Eagle Daniel Carr Dual Date Overstrike Coin
Celebrate America’s 250th anniversary with this stunning overstrike coin, blending classic design with a fresh commemorative twist. Perfect for collectors who appreciate both history and artistry, this coin shines with its flawless ANACS 70 certification. Keep it safe and stylish in the included black velvet pouch, ideal for display or gifting.
What You Get
2026 Denver Mint Silver Eagle Daniel Carr Dual Date Overstrike Certified ANACS 70 coin
Black velvet coin pouch (4in x 5.5in)"
70 by ANACS means nothing when everyone gets a trophy. Every. Single. One. Is an ANACS "First Strike" 70.
.
Sure, if ANACS gave 70 to every coin it would mean nothing, but that's not happening. The rejects that don't get 70, go back to Dan to get done again or discarded. I see some value in ensuring the coin purchased is perfect, even if all of them are perfect 70s.
Imagine if the US Mint looked at coins before mailing them to us to make sure they were spot and mark free... I would see value in that even if that means everyone is a winner.
Or so they say. I don't believe it.
Dan generally does high quality work. Much higher quality than the Mint, due to the much lower volumes. Even with NGC and PCGS, the difference between a 69 and a 70 is often nothing, with "experts" disagreeing on grades going both ways.
I heard Magic Mike say last night that only around 65% of what they submit comes back 70. Dan would know, and Mike demonstrably embellishes, exaggerates, or flat out lies in every presentation. Most people who know anything at all about this stuff know this.
I doubt Dan is really producing 3 coins for every 2 they are selling on TV. And that they are really destroying 35% of what they are paying Dan to produce, rather than selling them as 69s at a reduced price. Because a Dan Carr MS69 First Strike overstrike in a slab is worth less than can be realized by paying to send them to the smelter and turning them into silver bars?
If this is really a thing, why don't they do that with ALL the bullion they buy and have graded? So, with all due respect, I'm calling BS. It's just pablum for the HSN audience. And, apparently you. To make you believe what you are buying is the best of the best, and well worth the ginormous premium you are being asked to pay.
I'd be willing to bet significant money that a teeny tiny fraction of what is submitted, if anything, does not make it into an ANACS MS70 slab. Nowhere near 35%.
Same way they are all "First Strike" although that is supposedly exclusively a PCGS thing, and a thing ANACS does not make available to anyone else. And a thing that cannot possibly apply to the host coin.
Since Dan is really overstriking, not striking, maybe it should be "First Overstrike," which wouldn't quite roll off the tongue the same way. And which also means nothing, since every single coin they are selling has it.
Think what you want, but it's nothing but marketing hype that only confers value because you think it does. ANACS slabs coins for individuals at $16 each. Less with coin show specials. In the quantity Mike submits, he is paying next to nothing for each of those slabs.
.
65% MS70 results are not limited to what I over-strike. That is perhaps the percentage of MS70 grades they get from a batch of normal bullion Silver Eagles.
I have noticed that the 2026 Silver Eagles have more planchet issues than prior years. These defects are typically black slag pockets and loose silver particles rolled into the planchet strip. It has been problematic enough that I have had to spend more time in pre-screening coins before they are over-struck. Many coins literally need to have gunk scraped off (or dug out) of them. Doing that, followed by the normal wire-brushing, usually works to get a "clean" problem-free over-strike.
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Be that as it may, it is literally precisely what he said on TV Thursday night/early Friday morning. I get that he is typically fast and loose with facts, and that you cannot come here and publicly contradict him, which is why I did not ask you to.
I was just pointing out how what he says makes no economic sense, and is just part of the pitch to make the 70s sound like something special and valuable when they are not. And how destroying anything other than a nominal amount of product he commissioned you to make, to spend money to turn back into bullion, would never happen in the real world.
To your point regarding planchets, plenty of large dealers send large quantities of coins to the grading services with instructions to not slab anything that is not a 70. That is not uncommon.
What would be uncommon would be to melt the coins, as Mike claims he does with your stuff, after paying you to make it, as though a 69 coin he already paid to have you overstrike is worth less bullion after subtracting the cost of turning it back into bullion. Not to mention, if he actually did this, it still would not make the 70s special, since all surviving coins would still be 70s, but it WOULD increase the cost of making them, since the waste of having you overstrike a coin, and then melt it back into bullion, would have to be accounted for in the price of the surviving 70s.
So, with all due respect, it's just stupid, and we both know it doesn't actually happen. What happens, especially in light of your careful prescreening of the planchets, and then your precise manufacturing process, is that the vast majority of what you produce is a 70, ANACS is likely somewhat more permissive in grading what he sends as a 70 than it would be for me or anyone else, and then, if anything is actually left, it is just not slabbed or offered for sale. As opposed to what he is selling on TV being the surviving 65% after a vigorous screening process, not by you, but by ANACS, with all but the very best being melted down in order to preserve the value of the survivors.
I do greatly appreciate you coming here and adding detail and context to what you are doing with this project. I love you and your stuff, and don't think you need to feel the need to justify the over hyped way in which a TV huckster is moving large quantities. For the record, given the opportunity, I would have jumped on this as a producer as well, so no shade at all on you. It's a great opportunity to get your name into the TV mainstream, and maybe create some new customers for your more traditional stuff. Of course, it also runs the risk of turning off the layperson when they realize they did not really pay "wholesale," as Mike claims, repeatedly, when they bought a bullion ASE Dan Carr overstrike for $230.
I'm just pointing out that this is not the typical Dan Carr stuff we here have come to know and love. It is being sold in a way you do not sell your stuff directly (just look at the HSN website, and tell me you would have the same descriptions ("2026 Denver Mint"), and lack of disclaimers, on your own website), with multiple layers of additional costs that are ultimately borne by the end consumer, and with a mintage that is a massive multiple to what is typical, inevitably negatively impacting future value.
You seem to be such a big fan I wanted you to know.
Not many could sell that much in one day at way overpriced as you claim.
Not true. Mike is GREAT at what he does, which is why he is still doing it after all these years, while many others have come and gone.
HSN moves a ton of overpriced product every day, in a wide variety of categories. That's how and why they have a business.
And don't get me wrong. Again, no shade. The product HAS to be overpriced, by definition, because home shopping is a very expensive sales channel. But watching Mike claim his price is the "wholesale price" is laughable. Do you laugh while buying an ounce of silver for $230, wholesale?
Because I sure do, while watching him dribble out a set of 4 of these, getting people to eagerly pay around $1,000 for a strictly limited edition set of literally thousands of aftermarket overstrikes of silver bullion coins. As I type this, I am watching Mike and his co-host gush over the amazing deal he is offering of 1/1000 ounce of gold for only $50.
This is guy is following up your bargain overstrike by selling gold for $50,000 an ounce. Hundreds or thousands of people will also buy that. Should I be impressed by their intelligence, or by his ability to sell ice to Eskimos, gold at over 10x its value, and Dan Carr overstrikes to you?
Or should I think it isn't overpriced, because the American public would never buy it if it was? Now he's selling $10 worth of dimes for $43.50. Also a great deal? Because he says dealers are buying from him in quantity at his price, rather than going to a bank?
Again, before Dan Carr, there was no debate here regarding the value Mike Mezack offered. For some strange reason, you and others here seem to believe Dan Carr is the single exception to the general Mike Mezack rule.
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I disagree especially on that last sentence.
I have not followed many of their offerings over the years.
But I do remember one show where they were selling silver bullion bars for a pretty good price.
1/1000 oz fabricated fractional gold will always be a less economical form of gold to purchase, regardless of the seller and venue.
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I greatly respect you, but we will have to agree to disagree on this. I have never bought from TV, but watch it somewhat obsessively as I use it to fall asleep.
If the silver bars are the ones I am thinking about, I remember laughing at them as well. One kilo bars were something like double or triple spot. They simply cannot ever sell anything at "a pretty good price" due to the economics of selling on TV.
With respect to 1/1000 oz of anything, if it doesn't make economic sense to manufacture, normal producers just don't make it. But, as I said above, this guy could literally sell ice to Eskimos, so contracting with someone to make anything he can sell on TV makes sense for him and for HSN. The question is how it makes sense for the buyers, and why anyone would value $4.50 in gold at $50, regardless of the form? Maybe in jewelry, but in a card?
Comments
I can't get through all of the HSN drama here. Suffice to say that if Carr is respectfully attributed to the merchandise there, it will broaden the collector base of his products, which is good for Daniel and for most of us. Legacy products have fixed supply and increasing demand tends to increase secondary market valuations.
70 by ANACS means nothing when everyone gets a trophy. Every. Single. One. Is an ANACS "First Strike" 70.
HSN and CSN are the same for these. Same coins. Same seller. Apples to apples.
I can't tell you why some dummy pays $290 on eBay for something that is available for significantly less money directly from the source. The same way I can't explain why thousands of people will pay over $200 each for an entire series of them.
But they surely will. The question is who is going to buy from them when it is time to sell? And at what price? I think a lot closer to bullion than is the case when the mintage is in the dozens or hundreds rather than thousands.
The gold coins are just as overpriced as these. They will sell a few dozen at double what they are worth, resulting in thousands of dollars of profit per unit. And they will sell thousands of Dan's overstrikes at double what they are worth, resulting in dozens of dollars of profit per unit. Six or half a dozen, it's all the same to Mike.
I bought several Carrs on eBay at the beginning because that's where I discovered them and it was the only place I knew where to find them. It was some time later when I discovered his own website and I could buy directly from him there. Maybe these "dummies" don't know about the shopping channels, do all their shopping on eBay etc., live in a state the shopping channels won't deliver to, would rather deal with individuals they know/trust, had never seen these products before, or prefer seeing pictures of the actual item they'd end up receiving.
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Sure, if ANACS gave 70 to every coin it would mean nothing, but that's not happening. The rejects that don't get 70, go back to Dan to get done again or discarded. I see some value in ensuring the coin purchased is perfect, even if all of them are perfect 70s.
Imagine if the US Mint looked at coins before mailing them to us to make sure they were spot and mark free... I would see value in that even if that means everyone is a winner.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
Or so they say. I don't believe it.
Dan generally does high quality work. Much higher quality than the Mint, due to the much lower volumes. Even with NGC and PCGS, the difference between a 69 and a 70 is often nothing, with "experts" disagreeing on grades going both ways.
I heard Magic Mike say last night that only around 65% of what they submit comes back 70. Dan would know, and Mike demonstrably embellishes, exaggerates, or flat out lies in every presentation. Most people who know anything at all about this stuff know this.
I doubt Dan is really producing 3 coins for every 2 they are selling on TV. And that they are really destroying 35% of what they are paying Dan to produce, rather than selling them as 69s at a reduced price. Because a Dan Carr MS69 First Strike overstrike in a slab is worth less than can be realized by paying to send them to the smelter and turning them into silver bars?
If this is really a thing, why don't they do that with ALL the bullion they buy and have graded? So, with all due respect, I'm calling BS. It's just pablum for the HSN audience. And, apparently you. To make you believe what you are buying is the best of the best, and well worth the ginormous premium you are being asked to pay.
I'd be willing to bet significant money that a teeny tiny fraction of what is submitted, if anything, does not make it into an ANACS MS70 slab. Nowhere near 35%.
Same way they are all "First Strike" although that is supposedly exclusively a PCGS thing, and a thing ANACS does not make available to anyone else. And a thing that cannot possibly apply to the host coin.
Since Dan is really overstriking, not striking, maybe it should be "First Overstrike," which wouldn't quite roll off the tongue the same way. And which also means nothing, since every single coin they are selling has it.
Think what you want, but it's nothing but marketing hype that only confers value because you think it does. ANACS slabs coins for individuals at $16 each. Less with coin show specials. In the quantity Mike submits, he is paying next to nothing for each of those slabs.
They have now sold over 3,800 coins, all in one day, with almost two hours left.
Yes. What's your point?
That HSN and Mike Mezack are a very successful marketing machine? Granted. It's why this is a home run for Dan.
How many slabbed bullion coins do they sell every New Years Eve, at huge markups? It's what they do. Why do you think they take airtime away from computers, jewelry, vacuums, fans, etc. to give it to Mike, several times a month?
When it involves anything other than a Dan Carr overstrike, this forum recognizes it for what it is. But there seems to be a blind spot with these.
I sincerely hope everyone, both here and in the general public, enjoys their purchase. No shade. But let's not pretend it's anything other than what it is.
You seem to be such a big fan I wanted you to know.
Not many could sell that much in one day at way overpriced as you claim.
Not true. Mike is GREAT at what he does, which is why he is still doing it after all these years, while many others have come and gone.
HSN moves a ton of overpriced product every day, in a wide variety of categories. That's how and why they have a business.
And don't get me wrong. Again, no shade. The product HAS to be overpriced, by definition, because home shopping is a very expensive sales channel. But watching Mike claim his price is the "wholesale price" is laughable. Do you laugh while buying an ounce of silver for $230, wholesale?
Because I sure do, while watching him dribble out a set of 4 of these, getting people to eagerly pay around $1,000 for a strictly limited edition set of literally thousands of aftermarket overstrikes of silver bullion coins. As I type this, I am watching Mike and his co-host gush over the amazing deal he is offering of 1/1000 ounce of gold for only $50.
This is guy is following up your bargain overstrike by selling gold for $50,000 an ounce. Hundreds or thousands of people will also buy that. Should I be impressed by their intelligence, or by his ability to sell ice to Eskimos, gold at over 10x its value, and Dan Carr overstrikes to you?
Or should I think it isn't overpriced, because the American public would never buy it if it was? Now he's selling $10 worth of dimes for $43.50. Also a great deal? Because he says dealers are buying from him in quantity at his price, rather than going to a bank?
Again, before Dan Carr, there was no debate here regarding the value Mike Mezack offered. For some strange reason, you and others here seem to believe Dan Carr is the single exception to the general Mike Mezack rule.
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I disagree especially on that last sentence.
I have not followed many of their offerings over the years.
But I do remember one show where they were selling silver bullion bars for a pretty good price.
1/1000 oz fabricated fractional gold will always be a less economical form of gold to purchase, regardless of the seller and venue.
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65% MS70 results are not limited to what I over-strike. That is perhaps the percentage of MS70 grades they get from a batch of normal bullion Silver Eagles.
I have noticed that the 2026 Silver Eagles have more planchet issues than prior years. These defects are typically black slag pockets and loose silver particles rolled into the planchet strip. It has been problematic enough that I have had to spend more time in pre-screening coins before they are over-struck. Many coins literally need to have gunk scraped off (or dug out) of them. Doing that, followed by the normal wire-brushing, usually works to get a "clean" problem-free over-strike.
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May 23rd Constitution ASE $ price now $299:
https://www.hsn.com/products/26-ms70-anacs-silver-eagle-daniel-carr-constitution-pri/23906841#
&
1776~2026 ASE $ Uncirculated from USMINT July 21st Noon release $169:
https://www.usmint.gov/american-eagle-silver-one-ounce-uncirculated-coin-subscription-MT.html
Current HSN item text for May 22 one day only sale.
"2026 MS70 ANACS Silver Eagle with Daniel Carr Constitution Privy Overstrike
Celebrate 250 years of American history with this stunning 2026 Denver Mint Silver Eagle featuring a specialty overstrike issue produced on a Denver Mint Silver Eagle coin and enhanced with commemorative Constitution-themed artwork and the dual date "1776 ~ 2026" in celebration of America's 250th anniversary. This collectible coin combines the beauty of .999 fine silver with an ANACS Mint State 70 certification, making it a must-have for patriotic collectors. It is encapsulated and arrives safely tucked inside a sleek black velvet pouch, perfect for display or gifting. Get yours today.
What You Get
2026 MS70 ANACS D-Mint Silver Eagle with Daniel Carr Constitution Dual-Date Overstrike
Black Velvet Coin Pouch
All coin items considered for return must be in their original condition as sold. Seals and cases contribute to the value of the coin and currency collectibles and must remain intact and unbroken. This applies but is not limited to: grading cases, Mint and Proof cases and packages, bag seals, original government sealed packaging and/or any other special packaging or containers.
About Collectible Coins…
Treasures from around the world – delivered right to your door! Our large selection of collectible coin sets, proofs, ancient and uncirculated coins is ideal for both the novice and the experienced collector. HSN coin experts travel the world for the best coins - from the latest U.S. state quarters to the Widow’s Mite coin, discovered during an archeological dig in the Middle East. Most coins include a Certificate of Authenticity that validates the coin’s origin and condition.
This item is not for sale to customers in Minnesota."
Next offer Flag Privy launch 8 PM May 23 2026
https://www.hsn.com/products/2026-ms70-anacs-silver-eagle-with-daniel-carr-flag-priv/23924155
& the HSN advertisement:
"2026 MS70 ANACS Silver Eagle with Daniel Carr Flag Privy Overstrike
Celebrate 250 years of American history with this stunning 2026 Denver Mint Silver Eagle featuring Daniel Carr’s unique Flag Privy Dual Date Overstrike design. This collectible coin combines the beauty of .999 fine silver with an ANACS Mint State 70 certification, making it a must-have for patriotic collectors. This silver eagle is encapsulated and arrives safely tucked inside a sleek black velvet pouch, perfect for display or gifting.
What You Get
2026 MS70 ANACS D-Mint Silver Eagle with Daniel Carr Flag Privy Dual Date Overstrike
Black Velvet Coin Pouch; approx. 4" x 5.5"
All coin items considered for return must be in their original condition as sold. Seals and cases contribute to the value of the coin and currency collectibles and must remain intact and unbroken. This applies but is not limited to: grading cases, Mint and Proof cases and packages, bag seals, original government sealed packaging and/or any other special packaging or containers.
About Collectible Coins…
Treasures from around the world – delivered right to your door! Our large selection of collectible coin sets, proofs, ancient and uncirculated coins is ideal for both the novice and the experienced collector. HSN coin experts travel the world for the best coins - from the latest U.S. state quarters to the Widow’s Mite coin, discovered during an archeological dig in the Middle East. Most coins include a Certificate of Authenticity that validates the coin’s origin and condition.
This item is not for sale to customers in Minnesota."
The first offer, Minuteman link & advertising text from this morning:
https://www.hsn.com/products/2026-denver-mint-silver-eagle-daniel-carr-dual-date-ove/23891527
"2026 Denver Mint Silver Eagle Daniel Carr Dual Date Overstrike Coin
Celebrate America’s 250th anniversary with this stunning overstrike coin, blending classic design with a fresh commemorative twist. Perfect for collectors who appreciate both history and artistry, this coin shines with its flawless ANACS 70 certification. Keep it safe and stylish in the included black velvet pouch, ideal for display or gifting.
What You Get
2026 Denver Mint Silver Eagle Daniel Carr Dual Date Overstrike Certified ANACS 70 coin
Black velvet coin pouch (4in x 5.5in)"
Be that as it may, it is literally precisely what he said on TV Thursday night/early Friday morning. I get that he is typically fast and loose with facts, and that you cannot come here and publicly contradict him, which is why I did not ask you to.
I was just pointing out how what he says makes no economic sense, and is just part of the pitch to make the 70s sound like something special and valuable when they are not. And how destroying anything other than a nominal amount of product he commissioned you to make, to spend money to turn back into bullion, would never happen in the real world.
To your point regarding planchets, plenty of large dealers send large quantities of coins to the grading services with instructions to not slab anything that is not a 70. That is not uncommon.
What would be uncommon would be to melt the coins, as Mike claims he does with your stuff, after paying you to make it, as though a 69 coin he already paid to have you overstrike is worth less bullion after subtracting the cost of turning it back into bullion. Not to mention, if he actually did this, it still would not make the 70s special, since all surviving coins would still be 70s, but it WOULD increase the cost of making them, since the waste of having you overstrike a coin, and then melt it back into bullion, would have to be accounted for in the price of the surviving 70s.
So, with all due respect, it's just stupid, and we both know it doesn't actually happen. What happens, especially in light of your careful prescreening of the planchets, and then your precise manufacturing process, is that the vast majority of what you produce is a 70, ANACS is likely somewhat more permissive in grading what he sends as a 70 than it would be for me or anyone else, and then, if anything is actually left, it is just not slabbed or offered for sale. As opposed to what he is selling on TV being the surviving 65% after a vigorous screening process, not by you, but by ANACS, with all but the very best being melted down in order to preserve the value of the survivors.
I do greatly appreciate you coming here and adding detail and context to what you are doing with this project. I love you and your stuff, and don't think you need to feel the need to justify the over hyped way in which a TV huckster is moving large quantities. For the record, given the opportunity, I would have jumped on this as a producer as well, so no shade at all on you. It's a great opportunity to get your name into the TV mainstream, and maybe create some new customers for your more traditional stuff. Of course, it also runs the risk of turning off the layperson when they realize they did not really pay "wholesale," as Mike claims, repeatedly, when they bought a bullion ASE Dan Carr overstrike for $230.
I'm just pointing out that this is not the typical Dan Carr stuff we here have come to know and love. It is being sold in a way you do not sell your stuff directly (just look at the HSN website, and tell me you would have the same descriptions ("2026 Denver Mint"), and lack of disclaimers, on your own website), with multiple layers of additional costs that are ultimately borne by the end consumer, and with a mintage that is a massive multiple to what is typical, inevitably negatively impacting future value.
I greatly respect you, but we will have to agree to disagree on this. I have never bought from TV, but watch it somewhat obsessively as I use it to fall asleep.
If the silver bars are the ones I am thinking about, I remember laughing at them as well. One kilo bars were something like double or triple spot. They simply cannot ever sell anything at "a pretty good price" due to the economics of selling on TV.
With respect to 1/1000 oz of anything, if it doesn't make economic sense to manufacture, normal producers just don't make it. But, as I said above, this guy could literally sell ice to Eskimos, so contracting with someone to make anything he can sell on TV makes sense for him and for HSN. The question is how it makes sense for the buyers, and why anyone would value $4.50 in gold at $50, regardless of the form? Maybe in jewelry, but in a card?