A SHORT WEEK
We welcome everyone back from what we hope turned out to be a wonderful Thanksgiving Holiday. Legends offices have been closed-with (gasp) a few staff members even taking long needed vacations! Because of that, NEWPS will not be posted until LATE MONDAY.
Activity last week was very quiet. Which was expected by us.
We see the rest of the year as remaining choppy with a very limited supply of fresh coins hitting the market.
Very interesting what is happening with gold. It has come down nearly 10% in the past 30 days. We”re not quite sure where the bottom is. However, being the forever gold bugs we are, we are now even MORE bullish on all GOLD. In fact, we were shocked to read this article about Ebay on Thanksgiving on CNBC.com : http://www.cnbc.com/2015/11/27/ebay-users-are-snatching-up-precious-metals.html. We’re not the only ones who believe NOW is a great time to buy.
Even if its not the bottom (our motto is you’ll win if you can come within 10% of the top or bottom), there is little to NO doubt premiums have come down as well. You can
buy generics for small mark ups over melt. If you want to play the spreads, we recommend MS66 Saints, those coins have fallen as well. Even if gold should break $1,000.00 (GASP), the premiums are currently so low you won’t lose a higher %.
We’re so bullish on generic gold right now-we have increased both the dollar amounts to buy and the number of different coins we are bidding on. Two examples: load us up on $2.5 Indians PCGS MS64+ CAC at $725.00 or $2.5 Indians PCGS CAC MS65 at $2,150.00. $5 Indian in GEM MS65 are so cheap right now we’re embarrassed to tell you our bids (and we are the high bidders too). So far we have not been hit on a single coin on any bids. Do note: we make markets ONLY in PCGS/NGC CAC coins.
Of course we LOVE better gold. We have recommended collectors build sets of $3 in AU to GEM. Hard to believe, that with mintage so small this is a complete-able set. Our favorite suggestion of course has been to build a Type Set. It can be simple-a basic 12 coin or all inclusive starting at 1796. Better gold (especially fresh choice to GEM Bust gold) still is heavily in demand and far out stripping supply. Regardless, a Gold Type set covers both your Rare Coin collecting and your gold investing.
If we could find more gold we like-you’d see it. There really is not a huge supply of the stuff. The cheaper gold also on lasts minutes (no exaggeration) on our web site anyway. We do suggest if you have tired or duplicate coins your done with, sell them and buy some gold coins. At today’s prices, the down side is minimal-in our opinion.
Due to the shortened week and travel, we will be posting NEWPS Monday afternoon. We have not picked out the selections yet. So stay tuned!
Definitely do not forget to check out the coins in our regular inventory. We have some KILLER CC Morgans, the famous 71CC 25C, a neat $5 09O MS62, and some smaller gold that we expect to sell fast early this week. We’ll work hard to get you on the coin of your desires.
LEGEND RARE COINS AUCTIONS
WOW! We thank everyone for the overwhelming response and strong opening to our Regency 15 auction! Your emails of support have been more then gratifying.
The very first second bidding was allowed, SEVERAL five figure coins were “hit””. So far the overall bidding is way above average-as is the number of people following certain lots. The amount of people new to us registering has been huge. We believe collectors agree, this is a really great sale with lots of interesting, FRESH, and TRUE QUALITY coins.
We strongly suggest you be prepared when bidding. Our sales are not sales where bargain hunters pr price buyers will thrive. The collector base of buyers for our auctions ranks equal by power (not by number) to ANY major auction house. With LESS then 500 lots per sale, fewer coins (if any) will fall between the cracks. If you have checked our prices realized, we do get top dollar for the majority of the coins we sell. Our numismatists are always available to discuss any coin and advise you on what it could possibly bring. You also can use the same world class numismatists to represent you who represent the unquestionable biggest collectors of today -for FREE! NO other auction company today can offer that perk.
TO SEE THE SALE, GO TO legendauctions THE SALE DATE IS DEC 17TH.
THE ENTIRE SALE WILL BE ON DISPLAY AT THE HOUSTON SHOW THIS WEEK THURSDAY THROUGH SATURDAY. We strongly advise you or your representative to come and see the coins!
NEED TERMS? Call or email us to discuss (julie abrams: email@example.com). We can offer 30-60-90 on larger amounts. All requests MUST be submitted and approved prior to bidding.
TIME TO CONSIGN TO OUR FEB SALE
We’re not even finished with our Dec sale however, in order to have enough time to recieve, process, and promote your coins, we need them ASAP for our Feb Regency Sale. Here is what you can expect from our sales:
Maximum 500 lots-your coins won’t be lost in a phone book with multiple examples of the same coins-NOTE: we DO screen and reject coins for our sales
A BEAUTIFUL HARD COVER CATALOG-EVERY coin has an image and full description
An easy to use auction web site and auction platform.
Your coins are evaluated, cataloged, and promoted by at least TWO world class Numismatists-most internet auctions do not even have one!
Heavy promotion-we spare no expense to promote every sale we have. Plus, being the öfficial auctioneer of the PCGS Invitationals brings us even more marketing exposure.
Exposure to the BEST buyers in the business: the customers of Legend Numismatics-it does not get any bigger or better then them!
Highly competitive rates-we’ll match anyone. Plus, coins purchased from Legend Numismatics are always guaranteed our top rates.
A pleasant experience: we do what we say. We know its important for us to earn your business every sale.
If you have coins we wish to consign, please contact: Julie Abrams at: firstname.lastname@example.org. Min total value: $5,000.00 (min $1,500.00 per coin). We do take less per coin only on much larger consignments.
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER, PLEASE EMAIL US. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL 9 AM MONDAY. email@example.com