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 HOUSTON MONEY SHOW

THE HOUSTON MONEY SHOW

We really like the show. Its a small show that you can tell is run by a very devoted club. They try really hard and do get a good small crowd. It has been announced the show is moving away from the convention center downtown to a place that is no so easy for us out of town dealers to get too. We wish them the best of luck.

The Hilton where we always stay is actually one of our favorite hotels anywhere we travel.  We’re right downtown and near all the good eats. Plus, Houston pretty much has hourly flights for us. So we have been popping on down to the show to do wholesale the past 4-5 years. Every year the show has been a great success for us. We’re going to miss it!

This year our show was more marginal. We went strickly to BUY coins. Hard to buy when there is little to no supply. If you want real widgets (late date Pr Franklins, generic Morgans,  or just cheap stuff) you could buy all you want. We saw only a 3-4 tables with any decent five figure coins. We did NOT buy a single coin OVER $10,000.00 and we could not buy ANY generic PCGS CAC gold.  We made the mistake of showing one NEWP to the dealer behind us-and now its not a NEWP-he bought it!  Obviously we did not do that again.

Activity dealer to dealer overall seem okay. We were privy to a few five figure coins quietly selling. Again, its a smaller show with mostly smaller dealers setting up (so our information is limited) so more expensive coins were not he norm.

We do expect more activity from the bigger players at the PCGS Invitational in less then 2 weeks (another MUST attend show).

Overall, activity was good in November for pretty much everyone. It wasn’t heavy, just good (which everyone who we spoke to seem happy about).

LEGEND IS BUYING

We are going to keep telling you this until we can satisfy demand and fill some Want Lists. We’ve raised our bids on PCGS CAC generic gold, we’re telling you we will buy big deals just to get the few coins we need. And NO ONE will pay more then us for coins we need!

Right now we especially need ALL PCGS MS67 CAC Saints, and all PCGS CAC MS65 and higher DMPLS! We also can use PR 67 Barber Dimes, ANY Proof Type 66 and above with killer colors, and of course Bust gold. We really have $20 million in Want Lists. And yes, we WOULD buy another $20 1927S PCGS MS65 CAC!

Contact: George Huang: legend@legendcoin.com wth what you have!

Take it as a very healthy sign we are buyers, not NET sellers!

A WORD ABOUT WANT LISTS

Want Lists can cause a collector more harm then good. We highly recommend you do NOT share any Want List with more then 1 dealer who you can trust. We have seen many instances where bigger players gave their Want Lists to 2-3 dealers. Next thing you know, about a dozen dealers were looking for those coins-which only costs the collectors MUCH more!  It is NOT a positive to have your business all over the bourse floor.

Also, CLOSE YOUR REGISTRY until you are done. While some can argue it helps get them coins, others will tell you stories how dealers held them hostage on coins they needed.

With Want Lists be patient! Your coins will appear over time.

NEWPS

Until we can buy more, our NEWPS offerings will be small. Of course the quality of EVERY coin we post WILL be exceptional!

The only highlight coin we have this week (even though all our listings are highlights: 3CS 1857 PCGS MS67CAC. It is tied for being the finest. This coin is more then worthy of its designation!

ALL NEWPS ARE NOW POSTED!

LEGEND RARE COIN AUCTIONS

www.legendauctions.com

We have TWO LIVE sales right now!

BID NOW on our December Sessions Internet ONLY Sale which closes December 8th! (10% buyers fee)

BID NOW on our December Regency Sale which closes December 15th! (17.5% buyers fee)

CALL OR EMAIL US NOW TO SET UP PHONE BIDDING, TERMS, OR FOR ANY ASSISTANCE IN GENERAL FOR OUR REGENCY SALE.

For our December Regency Sale, the catalogs are being shipped out now (delayed due to Thanksgiving).

These are not “junk”filled or discount sales. Legend Auctions ferrets out more coins then any other auction house to bring you sales you can have FULL confidence bidding in. We strive for the true quality and high end coins at all price levels!

We’re working up our plans for 2017. We’re going back to have Sessions Internet Only Sales on the months we do NOT have Regency Sales. We will now allow 100-150 lots max. Its been too crazy for us to process a Regency and a Sessions Sale the same month. We’re also working on improved services and products. And yes, many of you have asked (and complimented us) we absolutely ARE keeping the catalogs!  After our December 15th Regency Sale we’ll fill you in on our plans and schedules for 2017.

EMAIL US:  legend@legendcoin.com IF YOU HAVE QUESTIONS OR WISH TO ORDER. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL 9 AM MONDAY

 

 

 

 

 

 

 

 

 

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