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 MID AUGUST REPORT

A NEW HOT TOPICS IS NOW POSTED

OKAY WE CHANGED OUR MINDS

Last week we said no more NEWPS until after Long Beach. Opps! We did so much business and got a few unexpected coins (like the H.01 1855 and the now on hold already $10 1860O) we figure okay we’ll go with the flow.

Typically the second week after the ANA show is deader then dead. Nope, did not happen that way for us. Most impressive is the fact we’ve seen many old friends find good homes. We think it has to do with the fact the collectors have become more quality conscious. Since we sell ONLY PCGS CAC off our web site, we’re one of the few places in the market to go to. Even the auctions of late have not had many PCGS CAC coins. Its been extremely difficult for us to maintain a decent size inventory. We have NO plans to change our operation and start selling lesser quality coins. For this reason we believe our sales have spiked.

We were speaking to John Albanese of CAC this past week and he actually said he believes a good portion of the better coins out in the world have been graded. He is not seeing the same level of quality coins he did when he started CAC back in 2007. We also have heard from others that even the gold coming from Europe is now nasty looking and not grading very high.  As major market makers in a few areas of generic gold, we can tell you the “hits” to our bids have slowed to a trickle. The demand actually has perked up for generics. Its not even an issue of prices moving up to shake out coins, it simply is the supply is so small anyway (we touched on the markets supply denial problem last week).

Keep in mind, this is the most “off” time of the year for coin market. Yet every day now pushes us further into an all time record month (we so wish the ANA show never happened). We do NOT see demand weakening. We do not see supply coming around either. Long Beach in a few weeks looks to be another snoozer unless coins got made at ANA (which all reports we heard say no) or a big fresh deal breaks. We have not heard of  any on the horizon. Lack of supply hurts us really bad as we then have few of the right coins to sell. During those times we sincerely appreciate our customers loyalty and patience! One thing Legend Numismatics has not and will not do-sacrifice quality.

NEWPS

As you can see we do have a few really cool NEWPS. Our favorite coin by far is the  H.01 1855 PCGS MS65RD CAC. This coin just stood out and made us say wow! The $1 1876 Trade PCGS PR65 Cameo CAC is awesome too. We actually bought a few generic gold pieces and posted them as well.

We’re also posting a few “old friends”. We’re updating their descriptions and cutting prices. Some coins we really scratch our heads as to why they have not yet found good homes.

THIS IS FINAL: WE WILL NOT POST ANY MORE NEWPS UNTIL OUR RETURN FROM LONG BEACH SEPTEMBER 9TH! NOTE: the principals of Legend actually are taking a break 8/23-8/28.  It is still business as usual during that time. 

ALL NEWPS ARE NOW POSTED 

LEGEND RARE COIN AUCTIONS

www.legendauctions.com

We wish to thank everyone who consigned to our September Premier Sessions Internet Only Sale. We had to close off accepting consignments early as we hit our stretch maximum of 200 coins. Of course every coin was carefully screened for quality and eye appeal. The will go live September 2nd and will close starting 10 PM EST September 14th. We will have the lots for viewing at our table 601 at the Long Beach Show.

Here are some random highlights from our September Sessions Sale:

1C 1839 SILLY HEAD PCGS MS63 BN CAC

1C  1899 PCGS MS66+ RD CAC

1C  1909S VDB PCGS MS65BN CAC

10C  1805 4 BERRIES PCGS XF 45 CAC

25C  1932D PCGS MS64+ CAC

50C  1863 PCGS PR66

50C 1954 NGC PR67 DCAM

$1   1880S PCGS MS68 CAC

G$1  1855O PCGS MS61 CAC

$2.5  1885 PCGS MS62 CAC

$5   1856 PCGS MS62 CAC

$5  1863S PCGS VG 10

LYNCHBURG PCGS MS67+ CAC

VERMONT PCGS MS67

ALL OF THESE COINS (like the majority of Sessions coins) ARE UNRESERVED. Any reserves are posted as the opening prices. So if an estaimate is for $2,000.00-$2,500.00 and you see $2,000.00, that is a reserve. We strive to have as close to  UNreserved sales as possible.

Our October Regency Sale is closing soon for consignments. Check out these highlights we already have:

TWO WORLD CLASS PATTERNS DISCOVERED IN EUROPE:

J-2115 1965 PCGS MS66 CAC  COPPER NICKEL

J-2131 PCGS MS67 CAC  COPPER NICKEL

We really can NOT say enough about these two wonder coins. As you know we are the world leaders in Patterns. We have never seen these before. WICKED COOL! We believe these to be R-8’s.

As you know we have the Crow River Collection of $10 Indians-the former #2 set on the PCGS registry. We have just added the DW Collection of Type. This group is diverse and Legend sold the collector many of he coins MANY years ago. A few highlights:

50C  1858 PCGS MS65 CAC

$1 1873 STD PCGS PR65 CAMEO CAC

$1 1877 TRADE PCGS MS65 CAC

G $1 1884 PCGS MS68 CAC

A MONSTER $2.5 1892 PCGS MS67 CAC

Plus, a long time Legend Numismatics customer consigned his O Mint toned Morgans and also a gaga-jaw dropping MORGAN TONER we named “Jingle Bells” years ago (this piece even would have stood out in Northern Lights).

We are now on our final call for consignments to our October Regency Sale. MINIMUM $5,000.00 per coin, MINIMUM $10,000.00 total. Pleae contact Julie Abrams: julie@legendauctions or Greg Cohen; greg@legendauctions asap as space is extremely limited.

Attn WEST COAST customers. We will be shortly announcing a special one day California lot viewing for our October Regency Sale. Stay tuned! Call or email for details.

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

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