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.

FIRST WEEK OF APRIL

NOTE: WE ARE HAVING SOME ISSUES WITH OUR WEB SITE. WE ARE WORKING TO FIX THINGS ASAP. 

ALL IS QUIET ON THE HOME FRONT

After a staggering amount of business in Q1, we welcome a little down time. Even though the market is very strong, tax time usually slows things for a week or two. For the next 10 days we are doing some heavy travel to pick up some cool deals. So much for cutting back on flying! Legend will be at our regular table at the PCGS Las Vegas Invitational April 12-13th.

It is still our strong feeling that as the stock market gyrates, hard assets will be the beneficiaries. We are still seeing many new collectors entering the fray. So far, we have been lucky, save for two ambitious souls who are making our old age come on faster, we are working on a few new powerful Type sets, and no sets that would keep us up at night wondering if we could find the coins. We have not seen even a hint of the dreaded “I” word (investment).

In our orbit, collectors want REAL quality and great eye appeal. Some how, the big black hole got even deeper with little to nothing returning to earth. If the Gardner, Newman, and even Pogue sales happened today, the market could easily absorb them all with out even a belch like it did for 2-3 years after.

We are still forever gold bugs and see a really strong future for better gold coins. Too bad so few can be found!

LEGEND WILL NOT BE POSTING ANY NEWPS THE WEEKEND OF APRIL 14TH. Our offices are open for biz as usual. This allows us to play some catch up with our inventory.

NEED TO CLARIFY

When we say the market is better-we mean it. There are certain coins we can not find or keep in stock when we do. We are seeing big ticket coins have a total revival. New collectors are popping up. However for some reason many people seem to think our message means the coins they bought 2-3 years ago are ripe for profits. NOT! Rare Coins do not work that way. You have to hold the coins long term and seek the short term cycles to sell.

We can not believe how many people forget that buying (even for them) is a struggle. If you are buying a coin from auction, remember you are in a competition. So you are paying the highest price. Most dealers would immediately be knocked out of buying your coins even before the final bids were placed. Not only is there NO guarantee the under bidder will always hang around, the chances are the price you paid was ahead of the market. So expecting a profit from something in a recent auction has little chance of success.

Another thing people forget, the freshness factor. We’re working on 2 deals right now we sold collectors in 2010. 8 years is now long enough for the coins to become fresh. The coins were all handpicked, are CAC, and are extremely eye appealing. At the time we all paid strong for the coins. Today, the collectors are enjoying significant profits! Good money CAN be made-if you fully understand how to do it. Quality and eye appeal are everything too. If you are thinking buying now at the beginning of a bull run will make you money in 1-2 years, do NOT count on it. Of course there always will be a special coin or two that will buck the market.

Since we are pushing hard the fact we need to buy, we’ve had too many people who think what they just bought in the past 1-2 years can make money. Just not so.  It pains us to have to reject great coins or disappoint a collector. So we wanted to clarify our statements about the market. Even the best quality and eye appealing coins have to wait for their time to come to make money.

NEWPS

We kinda surprised ourselves. Our NEWPS are a smaller offering, but when we started posting them, we realized we had a powerful little group. Its easy for us to say every coin this week is a highlight!

The 5C 1885 PCGS MS66+ CAC, the H.10 1867 PCGS PR67 CAC, the $2.5 1843-D PCGS AU58+ CAC, the $2.5 1914D PCGS MS65 CAC, the $10 1867S PCGS AU58 CAC, and the $10 1903 PCGS PR65 CAC easily would be anyone else grand highlights. These are just Legend quality coins!

Again, we will NOT be posting NEWPS next weekend April 14th. However the following week-check us out. As we said, we have been picking up some really phenomenal deals!

ALL NEWPS WILL BE POSTED BY NOON SATURDAY

LEGEND RARE COIN AUCTIONS

www.legendauctions.com

We are now cataloging and working up coins for our April Premier Sessions sale. Unlike other internet sales, ours are based on quality and great service. You’ll see we attract better coins in every sale. Our goal is to make them min Regency Sales. We expect the April sale to be posted April 16th and be live April 18th. The sale will close starting 9 PM Est April 29th.

APRIL PREMIER SESSIONS HIGHLIGHTS

3CS  1873 PCGS PR66 CAMEO  CAC

20C  1875 PCGS PR64

$1    1881S PCGS  MS66 CAC NORTERN LIGHT TYPE COLOR

$5  1855S PCGS AU58 CAC

$10  1873S PCGS XF45 CAC

$10  1907 NO MOTTO PCGS MS65 CAC

$20  1862 PCGS XF 40 CAC

$20  1880 PCGS AU 58 CAC

20C  J-1399 1875 PCGS PR64 CAMEO CAC

Nice start huh? This will be another great Sessions Sale!

THE MAY REGENCY SALE

This sale is just sick. We did it-we managed to attract approximately 850 real quality lots. It by far is our BEST sale ever. The freshness of the coins is unequaled. Here are some random highlights:

Lot 4 $1 1802/1 Close Date. PCGS AU55 CAC

Lot 89 $1 1891-O PCGS MS65 DMPL CAC From the PFM Collection, ex Jack Lee

Lot 229 $1 1934-S PCGS MS66 CAC From the Crow River Collection.

Lot 269 25C 1900-O PCGS MS67+ GOLD CAC From the Premier Barber Collection

Lot 287 50C 1921 PCGS MS65+ CAC From the Premier Walker Collection, ex Newman

Lot 329 1C 1881 PCGS PR66 RD CAM CAC From the Aurora Borealis Collection

Lot 353 1C 1914-D PCGS MS66+ RD

Lot 387 3CN 1865 PCGS PR67 DCAM From the David Poole Collection

Lot 467 H10C 1859 PCGS MS68+ CAC

Lot 474 10C 1836 PCGS MS67+ CAC

Lot 509 25C 1867-S PCGS MS67 CAC

Lot 594 50C 1941 PCGS MS67+ CAC From the Dale Larsen Collection

Lot 651 50C 1923-S Monroe. PCGS MS65

Lot 711 $5 1871-CC PCGS AU58 CAC Ex Oak Crest Collection

Lot 747 $20 1861-O PCGS AU53 CAC

Lot 765 G$1 1852 J-148. PCGS PR64 CAC From the Steven Cook Collection of Patterns, Part 1

The May Sale is now posted. You can view the lots with images. Some lots should have descriptions. It will be live for bidding in a week or so. We’ve already had THOUSANDS of viewers. Every day we are arranging details for lot viewing, phone bidding, terms, etc already!  Do not wait until the sale is near, talk to us today about your needs.

Also, RSVP Serena Meyers: serena@legendauctions.com to lot view either in NYC or at PCGS in LA. Of course we will have lot viewing at the PCGS Invitational in New Orleans. NOTE: this is a two session sale. Each session will start at 5:30 CST.

If you have any questions or wish to consign, please contact Julie Abrams: julie@legendauctions.com or Greg Cohen: greg@legendauctions.com. They will craft a plan for you and will work with you from start to finish. Ask about our hybrid consignment/auction services. We get you the most money for your coins!

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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