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.

MEMORIAL DAY REPORT

GIVING THANKS

Legend Numismatics and Legend Rare Coin Auctions can never give enough thanks to all the men and women who have made so many sacrifices to serve and protect our great country. To us this is not just a 3 day weekend. It is a time of real reflection, giving thanks, and celebrating the contributions of our soldiers and their families. We do wish everyone a Happy Memorial Day and never forget what it is really about!

ANNOUNCEMENT

LEGEND NUMISMATICS, LEGEND RARE COIN AUCTIONS, AND BRUCE MORELAN in conjunction with PCGS is proud to announce the special display of the 1804 $1 at the July PCGS Invitational in Las Vegas July 12-14th. This will be the coins only display this year. Ever want to see an 1804 $1 up close? Here is your chance!  In addition the principals of Legend Numismatics will be happy to discuss the coin and the details of the transaction (sorry can not disclose the price).

The PCGS Invitationals are like no other coin shows. They are small and you actually can interact with several of the biggest players in the biz one on one. Book your trip now!

Contact PCGS for further information or with any questions. PCGS will be making a major announcement shortly.

THE MARKET

We are still holding that the market has turned slightly soft. Type seems to be the epicenter of the slowness. Last week we got offered a large number of Type coins from many different sources-many at what we thought were really cheap prices. It has been a mystery to us, why 2+ years after Gardner and Newman Type has not fully rebounded. Its really NOT that big of an area.  We do think the uptick in Proof Barber coins will continue as people realize how thin supply is (and how it only takes 24 coins to do a set). Do not get us wrong, we are still doing good business, but we have clearly slowed since the highs of March. In fact, we just looked at our May numbers, and they were much better then we had expected.

Gold is holding its own with demand for gold coins slightly growing. Of course better and RARE gold pieces are still moving off the market as fast as they arrive (not many pieces are showing up). Morgans are also slightly blah with too many around except for the really better dates. We still can’t find many nice DMPL’s (those we have extensive Want Lists and buyers for).

All of this should be no surprise as we head into the summer doldrums. Unless a major deal or collection surfaces this could be status quo for the next 2 months or so. However, that does NOT mean if really cool coins pop up that they will languish-NOT!

Hopefully during the summer some of the estimated  pricing issues (like a slow to respond CU) and other potential new sources will take hold with improved information.  We can not stress enough how this is knocking off as much as 5% of the buyers because of old and poor price guides.

NEWPS

As promised our NEWPS have shrunk in the size of the offerings. We just can’t be everything to everyone-especially when supply is so limited. Of course we are NOT sacrificing one ounce of quality or eye appeal in our offerings.

This week we finally got lucky and bought a few PCGS CAC W/M Saints! We’ve been dry for a months now. We could have sold the one MS66+ we had last week 3x!

Our highlight  coins of the week:

25C 1838 NO DRAPERY PCG SMS65+ CAC   This is better then the majority we have ever seen for the date-including some MS66’s!

$3  1885 PCGS MS65+ CAC. Only 800 minted. This coin is prooflike and gorgeous!

As always we worked hard to find coins we think would please the majority of buyers. Do not forget to check our regular listings-we’ll work hard to get you in the coins of your desires!  We do have some really cool coins that still need good homes!

ALL NEWPS ARE NOW POSTED! 

LEGEND RARE COINS AUCTIONS

www.legendauctions.com

We are in the final stages of preparing to post our June Sessions sale. What a sale it is! Included in the sale are many fresh to the market lots-all UNRESERVED. The highlight of the sale is the totally fresh South West Mint State Indian Cent Collection.  These Indians are totally virgin!

THE LOT LISTING FOR OUR JUNE PREMIER SESSIONS MONTHLY SALE IS NOW POSTED! We expect the sale to go live May 30th. Stay tuned! 

This sale will be available for viewing at the Long Beach Show.

We will also bring the spectacular highlights from our upcoming July Auction at the PCGS Invitational in Las Vegas July 18th. The entire July Sale will also be available for viewing at the Baltimore Show-make your plans now!

SPECIAL NOTICE:

Along with presenting the display of the 1804 $1 Legend Auctions will give a certificate for 1 FREE WALK THROUGH at the show with PCGS to any one who attends in person our July 13th Auction, registers to bid on site, and lot views in our auction.

FINAL CALL FOR CONSIGNMENTS TO OUR JULY REGENCY SALE

You will find we are very different then most other auctions houses. We will work with you from start to settlement check! Your coins are cataloged and assessed by true bourse floor respected numismatists. Contact Julie Abrams: julie@legendauctions.com or Greg Cohen: greg@legendauctions.com.

We have almost 400 lots. Our final in house day is June 2nd.

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

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