SUMMER DOLDRUMS?
We don’t think so. Only once before in our history do we remember a summer time around July 4th as active (about 15 years ago).
Coins were not being sold fast and furious, but we did sell some great coins. Our $5 1838 PCGS MS65 CAC (list $119,500.00) was sold as well at lots of gold (duh) and even some old friends. Even as we were leaving at 4:30 Friday we had a $90,000.00 Type coin (NO GOLD) sale in the works (we seem to always do deals late Fridays). There seems to be a group of collectors totally reawakened who want to beat the crowd while prices are still really cheap.
We listed a group of cheaper gold on Saturday. By Sunday it was all sold. Obviously collectors realize how beaten down generics and BETTER coins are. With gold prices still climbing, they know prices for everything will rise soon. They have already started a very slow climb. Plus, EVERYONE can see ALL supplies of better gold and generic gold (especially CAC) are not just tight-but now with a little demand, they are non existent.
Also, we were told at the Summer FUN Show in Florida, a few big dealers suddenly swooped in looking to buy. We had our “secret stealth” seller there who was telling us from day one it was a very good show (Summer Fun usually is not so good). He also told us, he had not sold to any of the big guys, he hit all the smaller local dealers-and they actually needed coins. So the food chain of demand is at all levels right now.
Unless gold and silver crash in a week, we see no change with this slow upward momentum. It is still summertime and there are still many people NOT paying attention. When all that real powerful interest does come back, then you will see some serious price/value increases. We strongly believe right now is the LAST phase of a buyers market. The smart money is acting like that too. BUY COINS NOW (we’re not hyping anything). We make that statement about timing. If this were October and gold and silver were running the same, we assure you, you’d be seeing much stronger and larger price jumps.
IF YOU ARE GOING TO THE BALTIMORE SHOW-stop by our table 643 . We’ll be there to buy and sell! We suggest you get there early, as we know supplies of cool coins will be very limited.
NEWPS
Again, we got lucky and found some cheap gold-STILL CHEAP. We would be surprised if we still have our new gold listings on Monday afternoon. Good luck going to any show and finding PCGS CAC gold reasonable!
We do not have any wild gonzo coins to highlight this week. Stay tuned next week after the Baltimore Show. However, EVERY coin we have posted in our NEWPS, was handpicked for its outstanding qualities and eye appeal. We do especially LOVE the J-470 PCGS PR65 Washington pattern (in old pancake holder).
LEGEND RARE COIN AUCTIONS
LEGEND AUCTIONS IS PROUD TO ANNOUNCE WE WILL HAVE A SPECIAL GROUP OF UNOPENED GSA DOLLARS IN OUR SEPTEMBER 29TH REGENCY AUCTION!
Yes, these are really UNOPENED GSA’s! These are from a well known long time collector of CC Morgans. Also included is something you do NOT hardly ever see-a $1 1902 (circ) in a GSA flat pack. Plus, we’ll have several GSA’s (including a few which are toned) 1880-1885CC in boxes (we’re sending them off to grading shortly). Some have very pretty toning. If your a CC lover, this is a group you won’t want to miss!
OUR SUMMER SESSION SALE II IS NOW OPEN FOR BIDDING! The sale closes July 18th. Our buyers fee is only 10%. Unlike other internet auctions, the coins in our sales are vetted by TWO world class numismatists-and each coin has a full description, not just and image!
CHECK OUT A FEW OF THE HIGHLIGHTS FROM OUR SEPT REGENCY SALE! We now have the entire listing of group I from the Northern Lights Collection now posted.
Here are some more highlights from the Lionel Collection of Type:
H.10 1858 PCGS MS67
25C 1806 PCGS MS64
$1 1883 TRADE PCGS PR67 CAC
$5 1809/8 PCGS MS64 CAC
$5 1861 PCGS MS64+ CAC
CONSIGN NOW for both Summer Session III (opens August 8th) and our September 29th Regency Sale-absolute deadline August 12th. Space is filling up really fast for both sales.
Contact Greg Cohen: greg@legendauctions, or Julie Abrams: julie@legendauctions.
STOP BY LEGENDS TABLE 643 AT THE BALTIMORE SHOW-WE WILL HAVE A FEW HIGHLIGHTS FROM THE NORTHERN LIGHTS COLLECTION, LIONEL TYPE, AND THE PHIL FLANNAGAN COLLECTION. PLUS WE WILL HAVE THE ENTIRE SUMMER SESSION II AVAILABLE FOR LOT VIEWING.
We look forward to hearing from you. Remember Summer Sessions II opens Tuesday!
IF YOU HAVE QUESTIONS OR WISH TO ORDER, PLEASE EMAIL US AT: legend@legendcoin.com. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL MONDAY 9 AM.
