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.

PRE NEW ORLEANS PCGS INVITATIONAL

WE CAN NOT BELIEVE IT

We did thought May would be a decent month. So far, its turning out to be a record breaking month!

Again, late Jan thought early March was just a “perfect storm” of negativity from the coin market (as well as oil, stocks, etc). Prices certainly fell sharply during that time.  The Pogue sale was the epitomy of a melt down and was the first time the expensive coins showed real weakness in years. Today, all of the sudden, that time period is distant memory. The stock market is repaired, oil came back, and most importantly so did consumer confidence.

Our market had been slow but steadily improving. Ever since we sold the 1C 1793 Chain PCGS MS65BN, our sales have been especially strong. This past week we set a record-we shipped out 10 coins priced at OVER $25,000.00 each to different people (none to our regular big huge guys). As far as we know, everything has sold. Naming a few coins, 1C 1798 PCGS MS64BN CAC, 25C 1806/5 PCGS MS64 CAC,  a coin we consider to be the second best EVER PR Barber Half-50C 1901 PCGS PR68+ CAC, $20 1927S PCGS AU58+ (we could have sold this coin 3X), etc to name a few.  Collectors are really animated by the new lower pricing.

Do know, for as much as we are enjoying some activity, the market as a whole is NOT rushing up. The telemarketers are messing with some Indian gold again (raising their bids), but otherwise prices for MOST areas are stable. There are still a few areas that are plain old weak. Those include:  ALL NICKEL coins. MS+PR 3CN’s kinda seem lifeless. We think building a GEM Proof 3CN set at today’s levels is reasonable. The only risk, will demand ever pick up? Shield Nickels seem totally unloved in BOTH MS+PR. Commems will forever be a sore spot. In our 35+ years career only once or twice did the collecting pubic ever really embrace the series. We look at the prices today and shake our heads. We think building a TRUE GEM 44 Piece Commem Type set is great value-these coins are at their all time lows. Gold Commems too.

LEGEND LIKES

We don’t like giving out recommendations (and normally don’t unless you are a Legend customer) , but we see so many opportunities that really are smart. So we figured its only good fro the market to get people working on more projects now. Hence, here are a few things we like:

If you want gold, build a Type set. It can contain ANY coin YOU want. Things like $5 Indians right now are still cheap as are common $3 pieces in choice or GEM. With ALL gold, we suggest you go 100% PCGS CAC ONLY. There are no bargins if you buy a bad a coin.

Legend still is a believer in TRUE choice/GEM Proof Barbers-ALL denomenations. Do not let the pops fool you. Nice coins are really hard to find. However, EVERY set in PR64-PR67 CAN be completed. Prices are still wicked cheap for the value you get with these coins.

A regular Type copper/silver/nickel set. Why knock your brains out and buy bad coins to complete a registry set of something? A Type set allows you total freedom.

A GEM Proof set of Buffalo 5C. Talk about a price drop!  5C 1937 PCGS PR68 CAC have fallen from $12,000.00 to a current $8,500.00-$9,500.00 max in the past few months. You don’t have to think that high-even PR66 coins are now UNDER $2,500.00 a coin. This set absolutely CAN be completed.

Last, we think BUST HALF DIMES 1829-1837 are an over looked wicked cool set to build. Just a do a year set. Don’t rack your brain with the varities. These are some cool little coins.

These are just a few areas we see great opportunities in, other dealers may think differently or even disagree. The market still has a long way to go. If you wish to build any of these sets or want to discuss other potential areas, contact us. With out any question, there is no other dealer in the business today  who knows how to build sets like we do (we’ve build the biggest and best sets ever)!  You don’t have to build everything in uber GEM. Nice sets work at today’s cheap prices!

NEWPS

WOW! We mentioned we’d have a few DMPL’s and oh did we get slammed with emails. Folks,what we are offering here today are not sloppy seconds. A few of the coins simply did not work (don’t ask). We are offering one coin that is NOT CAC (the others are going to be wholesaled). Until we have our offerings 100% in hand, we won’t hint at whats coming. Sorry.

Other NEWPS are really cool. Highlights include:

1C 1909 VDB PCGS PR65 RD CAC

25C 1928S PCGS MS67 FH CAC

$1  1878 TRADE PCGS PR65 CAMEO CAC

$1 1883 PCGS MS66+ DMPL CAC THE FINEST!

50c 1936 OREGON PCGS MS68 CAC

Of course we are posting many other neat coins as well. Sorry, no better gold this week.

Do not forget to check out our regular inventory too. As many of you know, we’re working hard to get you into the coins of your desires. Remember, prices won’t be this low forever-and the supply of great coins is extremely limited!

ALL NEWPS ARE NOW POSTED! ALLOW 24-48 HOURS FOR IMAGES

LEGEND RARE COIN AUCTIONS

www.legendauctions.com

This week is it! The big dance happens down in the Big Easy Thursday night at 7:30 EST.  Activity so far has been beyond our expectations. We’ve had several HUNDRED new bidders sign up and bid already. We expect this to be an intense sale.

BID NOW! If you need to register, set up phone bidding, or need special terms,  CONTACT US TODAY!  You can reach Julie Abrams: julie@legendauctions.com to discuss. You can also call our HOT LINE: 732-233-0179

Unlike other auctions houses who have none, Greg Cohen is a fully trained bourse floor experienced numismatist. If you have any numismatic questions about coins in the sale, please ask him! In fact, he will happily represent you -FOR free in any Legend Auction as well Laura Sperber (lsperber1@hotmail.com)-who personally represents many of today’s unquestioned biggest collectors! Greg maybe reached on the HOT LINE 732-233-0179 or at greg@legendauctions.com. Don’t wait, contact him today!

We suggest you contact us if you are new and plan on bidding in excess of $25,000.00. Unless you are a known party to us, we will not accept walk in bids during the sale over $25,000.00.

This will be a great sale. Don’t miss it. Ahead of time, thank you for participating!

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

 

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