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.

THANKSGIVING WEEK 2017

GREAT COINS SELL EASILY

We knew we were lucky to had found 5 GEM AU 58 Bust Dollars.  Each was super nice-the kind of high end quality you expect from us. Of course each was PCGS CAC (very RARE). 4 out of 5 had inquiries within minutes of posting. Four were sold by Sunday afternoon. In each case we had MULTIPLE buyers. The longest line was for the $1 1802/1 PCGS AU58 CAC because we had left up as “on hold” and had calls through Wed afternoon seeking to buy it We could have sold 4 of that date!  In all, we probably had a solid 9-10 people wanting to buy the Bust Dollars (1798, 1800, 1801, 1802/1 all sold). The only date that did not sell, the 1799. Can not explain that one, the coin is really nice.

Other NEWPS did very well too. It was a very good week. Even did $75,000.00 in biz Friday-when our offices were closed!

Now, we have hit the skids. We found a small group of NEWPS to post and we are done for a while. Most NEWPS this week are older coins that we are stumped as to why they have not found good homes. They are priced to the bone!

Hopefully in the upcoming week our team is flying around the US and will come home with some cool coins. We could have our first totally blank NEWPS posting next week otherwise!

We see the overall market as status quo due to the holidays. We are scratching our heads as to why we did not have a Monthly Auction running from the November 22 and closing November 26th. Clearly this weekend people were bidding in auctions!

LEGEND NUMISMATICS IS BUYING!

Our gigantic Want List is still OVER $20,000,000.00 and surprisingly is growing (anyone have a $10 1801 PCGS CAC MS65?). WE NEED COINS! We are not kidding when we tell you our NEWP box is now empty.

What do you have? We will buy entire collections and NON CAC coins. In case you don’t know, we are and have been the strongest dealer buyer this year at EVERY MAJOR auction-including Pogue (where were spent $7 million dollars). In the recent Stacks and  Heritage Sales, we bought BOTH expensive coins (the Confederate Half and the J-1) plus an additional $2.5 million total. We can buy ANY great coin.

Offer us coins like GEM DMPL Morgans, Ultra Cameo Proof Barbers Halves, WILDLY toned Morgans, or ANY better gold. We will buy ANY coin we like MINIMUM VALUE-$1,000.00+.

Do know we will pay the strongest for what we need. So if your offering us an average commoner coin and if we are buying it just to stock, we can only pay slightly less then what we know we can replace it for. Also, don’t always expect a profit on coins you bought within the last 1-2 years-coins generally are a long term hold. However, offer us a $20 1907 WE PCGS CAC (ONLY) MS66 or finer and see what we will pay! The better the coin, quality, eye appeal the more we will pay.

We’re the people who paid $10 million for the 1794 $1. NO other dealer in business today has purchased and sold as many big ticket coins as Legend has-NO ONE. So we can handle ANY amount transaction.  We’re not just about the big ticket coins too. Got a monster 1880S $1 PCGS CAC MS67+? We’re buyers. We especially LOVE Proof Barber  coins today. We would LOVE to buy Proof Indian Cents-but note: we will ONLY buy CAC coins-no exceptions.

We can also take your coins on consignment, offer a hybrid deal (cash+consignment), or place them in our powerful auctions (visit www.legendauctions.com).

Contact: George Huang to discuss your coins. legend@legendcoin.com.   Images are always helpful. We do NOT buy DMPL’s sightUNSEEN! Also, we do NOT buy any NON CAC coins sightUNSEEN.

Legend can not do business without fresh supply of great coins. Generally we do several million dollars a month in sales to our huge customer base. A final request: OFFER US YOUR COINS!

NEWPS

Sorry we could only muster a handful of genuine NEWPS. We are that bone dry. Unlike other firms who don’t care, we do very much care what we offer. We won’t break our mold just to make a buck. To us, the guys who offer hundred or even thousands of coins are NOT rare coin dealers, they are widget marketers. That is not and never will be Legend Numismatics.

We decided to rewrite, reprice, and re-offer several coins that are mysteries to us that have not found good homes yet. Sometimes good coins get overlooked. One they are gone, good luck finding similar coins!

ALL NEWPS ARE NOW POSTED 

LEGEND RARE COIN AUCTIONS

www.legendauctions.com

LAST CALL FOR RSVP TO OUR NYC LOT VIEWING DEC 6TH IN NYC ON PARK AVE! EMAIL US FOR MORE INFORMATION. For security reasons we need RSVP’s by the 28th.

KABOOM GOES THE AUCTION OPEN!

In the first 24 hours of our December Regency Sale being open, we had well over 100 registered bidders placing over $1,000,000.00 in bonafide bids. The first big coin to meet its reserve: lot 226 the 50C 1795 PCGS MS62 Ex Newman coin at $110,000.00 hammer! Keep in mind, this is a $3-4 million dollar boutique sale with just under 400 lots. We expect activity at the close of the sale December 14th to be even stronger-be prepared! This coin will be yet another showcase for the strength of the market.

A VIP NOTE: LOT 383 THE 50C SESQUI PCGS MS66 IS NOW A CAC. It is now the first PCGS CAC piece to ever appear in any auction. If you are a serious Commem buyer you already knew this is the first one since CAC began in 2008 to be in auction and might be your only shot for a very long time at buying a true SUPERB GEM.  Good luck!

We are on our final call for consignments to our December Premier Sessions Monthly sale and our January Regency Sale. Of course BOTH sales will contain the quality and exciting coins you expect from Legend Rare Coin Auctions. Contact Julie Abrams: julie@legendcoin.com or Greg Cohen: Greg@legendcoin.com. They will custom tailor or deal and will work with you from start to finish.

A reminder, Legend Regency Sales buyers fees are 17.5% while our Premier Monthly Internet Only Sales are 10%. Our motto: “a happy buyers make for a happy seller”.

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

 

 

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