Laura was on the phone and internet, reaching out to every dealer she knows, trying to buy coins. This was 90% of her day, Monday-Thursday. She got ZERO Saints (all the Saints posted in the NEWPS are from last week’s work). Saints were not the only items in the hunt. She did buy one small group of better gold coins that were from the recent FUN sale for 5% over what they sold for (which was too cheap). There was just NOTHING appetizing out there. And she even tried to buy coins UNDER $5,000.00, and all she heard was how incredibly strong dealers’ sales were in that price range. It’s crazy. It is our strong opinion that if the coin market did not have such a broken system of how it reports prices, certain coins could be worth 10-20% more overnight! There are a few areas that are flat as can be, like MS Seated and Barber Type (although the MS10C are red hot).
Now, up where the air is thinner and the whales play, it’s a very quiet buyer’s market. Coins with values over $250,000.00 (unless it’s a coin everyone needs, like an 1808 $2.50) are selling at discounts. Nothing to panic about. It is just not their time in the market cycle. But, if you’re smart and can afford it, buy an upper air coin or two. You WILL make money if you hold. The financial markets won’t be negative forever. Besides, rare coins are also a good hard asset to own in turbulent times.
HELP LAURA!
Help Laura find better coins she needs! What do you have for sale? It doesn’t even have to be CAC. NGC coins we’re not fond of-sorry. We will buy CACG too. She would LOVE to spend $100,000.00 on coins valued BELOW $5,000.00!
We are also seeking interesting PCGS CAC Patterns (NO Standards). The market for Patterns clearly is strong. Have any goodies to sell? Must be 64 or higher.
Does anyone have a collection they want to sell or consign to us? We can handle it. We have a great customer base; we can net you money as strong or stronger than you would via ANY auction (and far faster too). We work as a team with you.
THE GOLDEN RULE
As this is being written, gold shot up to $2,978.00 (won’t be able to be re-edited until Monday). It’s going to break $3,000.00 shortly-in our opinion. Then where will it go? Some experts think $4,000.00. We can’t imagine it, but who ever thought it would hit $3,000.00?
We recommend you BUY all the gold you can NOW. It does not matter whether it’s an MS64 Saint or a 1795 $10 in AU. Rare gold coins will make a tremendous hedge. There is way too topsy-turvy out there now.
GEM Saints are so hard to find right now it’s crazy. They still can be bought at 30% over spot. GEM $20. Liberties have been sleeping too. We have seen a teeny movement in the premiums, but not much. We can see them rising 25% in the next few months as demand forces the premiums to rise. In our opinion, Gold coins are a far better buy than straight bullion.
Last, we still are highly bullish on building Gold Type sets. Call us, and let’s start one together!
NEWPS
Round III of the Eastern Shore PL+ DMPL collection is now posted. We have sold many of them like lightning (part of the under $5G stuff that’s selling super fast). The collector certainly put a lot of time and effort into building his great collection. He did all the hard work for you!
Other highlights include
50C 1827/6 PCGS MS66 CAC POUGE WOW!
$1 1921-D PCGS MS64+PL NO CAC EASTERN SHORE SUPER RARE!
$20 1910 PCGS MS65+ CAC AMAZING!
We hope to have a few interesting coins to offer next week. You just can’t imagine how hard we were searching for the best coins for you all. The coins are dug deep into that endless black hole out there.
LEGEND IS NOW CLOSED ON FRIDAYS AFTER 12PM.
PLEASE EMAIL US: legend@legendcoin.com IF YOU SEE ANY COINS OF INTEREST OR HAVE ANY QUESTIONS. WE DO NOT CHECK OUR EMAILS UNTIL MONDAY 9 AM
RIP: MARTIN LOGIES. He loved his Bust coins-especially his dollars. He was a former owner of the 1794 specimen we bought. He also produced many educational articles under the name Cardinal Educational Foundation. We enjoyed our dealings with him.
