WE HAVE NOTHING NEW TO SAY
The market-at least parts of our (Legends) market is still screaming hot. Nothing changed or new there. However, this past week Laura and George have done something they had never done in their 40+ years of being in business: fly all over creation doing deals-BIG deals. In the past week, they have been to Houston, Dallas, Florida, PA, and LA. (with her LA trip Laura broke 2,000,000 flight miles)! Its been that crazy of time.
Most of the deals have involved gold coins. That is by far the hottest area of the market. Stay tuned as we are currently working our way through a massive 20th Century (NO LIBs) gold deal. It should satisfy a few Want Lists.
An FYI: we went bonkers just trying to find a PCGS CAC MS65 Saint we needed. Most of our wholesale sources had NONE! Yes, the market is that dry.
Last, something to think about: a dirty little secret. We all know bitcoin is hot (we like to call it itty bitty coin). It made billionaires out of many people. We are fascinated that at the top of the coin market are several bitcoin players who are BUYING HARD ASSETS. Its nothing for them to take their money and build a top 100 set or buy million dollar coins at their whim when they are available. We are thrilled they believe coins are a good diversification. Its a different landscape at the top of the market now. And the black hole they have added too (because most are young) is beyond any ones imagination deeper now.
Next week is the PCGS invitational in San Diego. We will be there. We expect it to be nothing less then a great show. See you there!
COLLECTORS ARE LISTENING
For the last few weeks we have been preaching that you should take some coins off the table. The market is hot, but its selective hot. Obviously no one knows when it will end and we all feel the strength has last longer than anyone thought it would. No need to panic.
Our message has gotten through to a few people. That is why we have been doing a few deals. We have been able to help people make some strong profits and a few get out of their duplicate coins to stay liquid to buy the next “cash coin”. Its a smart move to sell into a rising market. Selling into a declining market is painful.
We can not stress enough, you should consider selling your dupes or even your collection into this market. How many times have you tried to wait only for disaster to strike? Even though it is very selective (save for gold) we are in the midst of one of the strongest markets we have experienced in years.
Call or email us with what you are thinking of doing. We have 3 main avenues: out right purchase, memo, auction.
NEWPS
Until we can release the gold coins, we are a broken record on NEWPS. Yet again we have a small but powerful group of NEWPS this week. There are some very interesting Early Copper coins (an area that had been knocked down really hard). The highlight is the marvelous 1C 1803 PCGS MS65 BN. 218 years old and its still in GEM condition-WOW!
There are a few more new Walkers too. The 1943-S PCGS MS67 is a frosty white stunner!
We wish we had even 1/3 of what we used to offer. We can’t find coins below $5,000.00-that we want to buy. The landscape is that dry.
We still have one of the largest PCGS CAC inventories in the biz. Check out what we have to offer. We predict by the end of the year, we’ll be close to zero inventory!
LEGEND RARE COIN AUCTIONS
www.legendauctions.com
THIS WEEK OUR REGENCY AUCTION 48 CLOSES. THERE IS A LIVE TWO DAY (WED AND THUR) EVENT in San Diego CA at the PCGS invitational.
Even since day one of listing the auction on our site we have RECORD eye balls. Ever since we opened it up for bidding, we have received record bids and several block buster bids. Every thing is pointing to this being a super strong auction-so be ready!
Set up phone bidding and your terms NOW. The staff will be swamped Tuesday on. Call or email the auction co 732-935-1168. Good luck bidding!
FINAL CALL for consignments for our Regency 49 Sale in Las Vegas at the PCGS Invitational. We have several medium size collections in already. Highlighted are many gold coins. For sure it will be our BEST EVER December Auction. Stay tuned for more details. We will have highlights of this sale at the Baltimore Show in November.
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER, EMAIL US: legend@legendcoin.com. WE DO NOT CHECK OUR PHONE FOR MESSAGES UNTIL MONDAY 9 AM
