Market Reports

Don't miss an opportunity to make a critical purchase or sale. Let Legend be your eyes and ears on the collection market. We'll let you know about the upcoming sales, pricing trends and predictions, collections and exceptional coins entering the market, and other news to help you take advantage of opportunities before they pass you by.

THE FINAL WEEK

TIS THE SEASON TO TREAT YOURSELF TO A NEW COIN!

Normally many people go away, are absorbed in family events, or just relax and do not play coins over the Christmas Holidays. This year it is totally different. Seems many people do want coins under their trees.

We knew something was up when our sister company-Legend Auctions held an extremely successful sale last week in Las Vegas. We added HUNDREDS of NEW bidders (registrants even more). ALL the Nickels SOLD and other coins in the sale saw strong bidding and many record prices were set. Over 90% of the auction sold to collectors. This activity spilled over into Legend’s regular business. Here is a fun fact: Legend Numismatics picked up two people from the auction who are brand new to coins. They both spent six figures in the sale. One came back Wednesday and spent an addition $500,000.00 directly with Legend. We do very much see collectors coming back in one at a time. New collectors started trickling in a few weeks after the election.

Legend Numismatics isn’t praying for a good 2017 coin market, we are confident it will happen. We also expect this years FUN Show to be better. Its not competing with the NY Foreign Show that takes away a thousand plus people including many US collectors.

VISIT LEGEND AT TABLES 1128/1130 AT THE FUN SHOW

A special note-this report is being written on the 25th. Legend Numismatics has SOLD $155,000.00 to THREE collectors today via email. Plus, we had a very busy Saturday. Three months ago this would not have happened. Activity IS picking up!

Legend Numismatics is be open Tuesday 9AM. You can reach us via email: legend@legendcoin.com until then. 

NEWPS

Looks like our NEWPS will be smaller unless we buy a major deal. We still have not gotten our coins back from the PCGS Invitational held last week.

This weeks highlights:

50C 1887 PCGS MS67+ CAC  The FINEST 1887 on the planet!

$10  1907 WE PCGS MS64+ CAC

Coins like those you will not be able to find again once they are sold. We can’t stress enough how limited supply is-especially of quality CAC coins.

LEGEND RARE COIN AUCTIONS

www.legendauctions.com

Our Regency XX sale is now live! We’ve already had some really good bids placed-and we have to survive the FUN Show and still have a month before the sale closes live in Las Vegas!

Besides the stunning FINEST KNOWN Patterns from the Simpson Standard Silver Pattern Collection, in addition, this sale includes MANY great individual rarities in the BEST conditions. We did reject 80 or so coins for this sale. Our sales are different, we strive for REAL quality coins-you can bid with confidence!  Also, all reserves WILL be posted at the latest right after FUN. We are striving to have LESS then 10% of coins with reserves. Right now, if you see a coin opening at the LOW estimate-that is a reserved coin.

A NOTE: We know many of you do NOT like paying 17.5% buyers fee. Unfortunately to stay competitive we must use it. Do NOT ever think we make 17.5%. The bigger and better the collection or coin is-the LESS the auction house makes. Even the biggest auction players have been know to give 112.5% for single six figure to million dollar coins (its actually a loss leader). Plus, if you had any idea how much it takes to run an auction house (travel, insurance, advertising, payroll, the catalogs, etc) you would fully understand buyers fees.

Next week we will be discussing our overhaul and rebranding of our Monthly Sessions Internet only sales. We promise, you can buy with FULL confidence from ALL our sales.

Visit us at the FUN Show tables 1128/1130!

IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER, PLEASE EMAIL US: legend@legendcoin.com. WE WILL NOT BE CHECKING PHONE MESSAGES UNTIL TUESDAY 9 AM. 

 

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