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 LONG BEACH SHOW REPORT

MUCH BETTER WEEK

The prior week we wrote about how quiet things were. This week we have to say activity was strong and in certain areas totally unexpected.

All of the sudden regular Type picked up. Maybe its because we are extremely low on gold (although we do see many people who have started Type sets). One day we sold TWO GEM Bust Quarters -25C 1831 PCGS MS566 CAC and a 25C 1834 PCGS MS65+ CAC. We also confirmed the sale of a MONSTER $1 1898 PCGS PR66+ DCameo CAC piece  and our 25C 1898 PCGS PR68+ DCameo CAC coin. Add to the incredible $10 1911 PCGS MS67 CAC piece. Plus we flipped a killer (and we mean killer) $1 1876CC PCGS MS64 CAC piece. Those are just a few of the wicked neat Type coins we sold. All the coins were sold to different buyers. It all added up to some serious numbers. It also needs to be noted the value of our inventory is at its lowest in 20 years!

THE LONG BEACH SHOW

VISIT LEGEND AND LEGEND AUCTIONS AT TABLE 601. 

What do we expect? First, we’re excited the ship of gold will be back. We heard its an even neater display then before. If you can attend it is a “must see”. Plus, what they are billing as the “worlds most valuable collection (which we strongly disagree) of coins will have its world coins on display. So the potential to draw in serious collectors is there. The question is, will it happen?

Wholesale wise we think it will be rough. There is so little neat stuff to buy and sell. The crack out sharks seem to be starting work early this Monday to try and beat each other to any coins. You can’t do much if there is really nothing to buy and sell.

We strongly believe gold will continue to enjoy strong demand. We’re afraid too many people though will be looking for it at the show-leaving us nothing. We are going out early to buy, buy buy!

We also are prepared to play hard in the auction. However, we know we are not alone! Every one seems to be vying for the same neat coins. Very little if any thing will sell cheap. Be ready to see some record prices! Do know that those record prices ARE the market.

NEWPS

Legend Numismatics tank is now empty. We have all our gold up. We have very few (if any) coins valued at under $1,500.00. It is NOT by our choosing. We are going to Long Beach not just for some welcome warm weather (no snow), but to buy! The good news is, one of our regular suppliers is selling us a very decent small gold deal next week. Until our Long Beach NEWPS are posted, check these highlights out:

2C  1869 PCGS PR67 RB CAC

25C  1838 ND PCGS MS65+ CAC

$5  1804 SM DT PCGS AU58 CAC

We did everything we could to create an offering for every one.

Do not forget to check out our regular inventory that is posted. There are some great coins that deserve great homes!

LEGEND RARE COIN AUCTIONS

www.legendauction.com

BID NOW! Our Premier Sessions Monthly Internet Only sale is now accepting bids. We’ve had a landslide of registrants and bidders already! This sale closes Sunday night February 25th starting at 9 PM. Remember, our buyers fee is ONLY 10%!

This is not your typical Internet Only sale. EVERY coin in this sale was approved by the President of Legend Numismatics. We did reject many coins. You won’t have to waddle through hundreds of lots of dreck, retreads, or Moderns to find the choice rare coins you want. We must warn you, since over 92% of our sales are direct to collectors, very little sells cheap. In these auctions, we have sold to serious collectors all over the world!

WE WILL HAVE HIGHLIGHTS FROM THE FEBRUARY SALE AND MAY SALE FOR VIEWING AT OUR LONG BEACH TABLE-601. 

OUR MAY REGENCY SALE

OMG do we have some serious collections already consigned-save your money!

5C   1883-1912 ALL PCGS PR65 SET  To be sold intact as a set

50C  An exceptional group of choice MS Seated Halves

$1   The PFM Morgan Dollar Collection COMPLETE!  ALL PCGS ALL WHITE!  This set is #6 on the PCGS Registry.

$1 The Crow River Peace Dollar Collection  MS65-66 ALL PCGS Mostly ALL CAC. ALL WHITE!

$2.5  A beautiful PCGS XF/AU set from 1834-1839O

$5  The Oak Creek CC Liberty Gold Collection (all but a 70CC). AU-MS64

50C  1936D Rhode Island PCGS MS68 CAC (had to mention it-it is incredible).

There are many more coins already consigned. We do have limited space for a few more.

This sale will be a 2 day event in New Orleans. Wednesday will be “Dollar day” All dollars 1794-1921S). We are capping it at 250 lots. Thursday will be our regular 500 lot sale. Make your plans to attend!

If you have any questions about our current live Premier Sessions Sale, or wish to consign (we are accepting coins for our March Premier Sessions Internet only sale and the May Regency Sale, contact Julie Abrams: julie@legendauctions.com or Greg Cohen: greg@legendauctions.com. We’d love to work with you!

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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