We can’t say for sure what is happening with the rare coin market. Gold is over $2,000.00 yet demand became sluggish for generics and semi-generics almost overnight. The premiums for those coins are crazy low too. We can’t see that lasting too long. However, what had been the slowest area of the market in our opinion, which is Type, suddenly sprung to life. It’s December and that usually does not happen. The remaining balance of the month will be very interesting.
We have sold at least $250,000.00 worth of Type coins off our web site in the past week. NEWPs and “old friends” sold strongly. Then this week we posted a gorgeous totally original and matched 1900 PR set-and KABOOM! The first email came in only minutes after our mass email went out. Then we had 3 more calls within an hour or so-all disappointed cash buyers. All the activity this past week sure surprised us! Maybe people finally realize Type coins (Barbers and Seated coins) are just too cheap and there is little around?
Every time we decide to close early ,Dec 18th until FUN , funny things like the market coming alive happens. You can always email us even if we are closed. Calling is NOT recommended as we won’t be checking for messages very often. However, if you have packages to send us, please email us then ship. We will be here for you!
We are excited at the prospect of FUN being a good show this year. The entire Legend staff will be there for the first time in a couple of years. Stop by and see us, we’ll have some great coins on display for sale!
IF YOU SEEK AUCTION REPRESENTATION AT FUN, PLEASE EMAIL US AS SOON AS POSSIBLE. WE PLAN ON VIEWING THE LOTS AT THE SHOW
This week we are not posting NEWPS. All the NEWPS will be in our weekly mass emails.
Be sure to check out our regular inventory-we have many great PCGS coins for sale. Of course we’ll do our best to help you into the coins of your desires!
We thank everyone for another great year. Yet again, we’ve proved sometimes smaller is better! Your coins do not get lost and we strive to sell the nicest coins.
Our next sale is Feb 24th at the PCGS Invitational. We already have a huge UNRESERVED deal! Stay tuned for more info. Of course Jessica and crew will be at FUN sharing Legend’s table.
Soon we will have an exciting major announcement. Stay Tuned!
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER PLEASE, EMAIL US. WE DO NOT CHECK PHONE MESSAGES UNTIL MONDAY 9 AM
LRCA REGENCY 62 UPDATE
LRCA DECEMBER SALE A SUCCESS
Apparently, the switch flipped back on this past week for the coin market. Not only did Legend Numismatics have a good week, so did Legend Rare Coin Auctions. Here are the highlights of this past week’s sale (17.5% included):
1C 1901 PCGS PR67 RB CAC $5,170.00
H.10 1836 SM 5C PCGS MS66+ CAC $10,868.75
25C 1821 CACG MS65 $41,125.00
50C 1837 RE PCGS MS65+ CAC $29,375.00
$1 1879 TRADE PCGS PR66 CAMEO CAC $23,500.00
$1 1892-CC PCGS MS65 DMPL $85,187.50
$1 1922 PCGS MS64 $7,637.50
$5 1804 SM 8 PCGS MS61 CAC $25,850.00
$10 1914-S PCGS MS65 $36,425.00
No doubt, these are highly impressive numbers. A lot of the Type in the sale surprised us with strong bidding and solid prices. Demand certainly was there. In fact, 90% of the sale was bought by collectors. Our boutique style allows maximum exposure for your coins which equates to true top dollar!
You definitely want to be part of our February sale. We already have a huge multimillion dollar consignment with no reserve. Final call for consignments will be at the FUN show. See you there!