INTERESTING WEEK
Can not say we broke any sales records as it was extremely quiet this past week. It was the kind of week we expected to happen in early July. The hottest coin we sold was the $1 1803 Sm DT PCGS AU58+ CAC (our coin of the week). Wish we had 4 of them!
We are preparing for the ANA show and auctions. Sunday we are lot viewing Stacks. We are reviewing our inventory and doing all the prep work now as we start technically “doing” the ANA Show this Friday!
SMALLER OFFERINGS, BIGGER NUMBERS
We think the few really neat coins in all the auctions will be realize super strong prices. The black hole we keep mentioning has gobbled up that many coins and left little to offer. It seems people made a lot of money in the stock market and are looking to place it in some hard assets. We can not say enough how coins are such a cheaper buy vs so many other areas (look at Ferraris alone). It takes $50 million plus to buy any real classic painting and $5 million to buy any cars now. In coins, save for the 1794 $1 SP 66 in our partners collection (value $10 million), you can still buy just about all classic rarities for UNDER $5 million. Earlier this year we helped 3 people sell their cheaper coins in response to their desires to buy better rarities in the $100,000.00-$1 million range (we know we are NOT alone in doing this). What most people to do not understand, is if you give us $3 million dollars, we can’t buy great keys or properly graded pieces we want. The market is that dry. These big auctions fool every one with thousands of lots of High Reliefs (in one ANA sale there are 7), 1895 Morgans, or expensive widgets on their special nights And yes, in our opinion a High Relief is no more then a widget (BUT everyone HAS a desire to have one). Smart money generally wants the best and rarest items that can be bought.
Our only wonder is why are certain series just idling. Guess the money has shifted to bigger and better-which in our opinion, opens up the rest of the world to great bargains in certain areas. The following series in OUR opinion off the BEST values:
Proof Three Cent Nickels. With common dates at $1,000.00 in PR 67-why not build a date set 1880-1889? Why is this series so overlooked? Its obsolete, its over 100 years old, and is some what collectoable-especially in proof.
ALL Shield nickels MS+PR. You can complete these sets. PR Shield Nickels have been slumping badly too.
MS Seated. Ever since Gardner sold in 2015, this series has not recovered. You can do lots of sub sets and if you are bold and willing you can build complete sets.
PR Seated 10C -50C What? We are even seeing Civil War Dates selling cheap. A set from 1859-1891 can be completed in 64-66. Even PR67+ seem cheap to us. Do not include MS Seated Dollars, they are extremely hard to come by in choice or GEM.
$2.5 Indians. We see MS64’s across the board have fallen to levels too cheap. You can build a complete set. MS64 and MS64+ 1911D’s are available. Our buy all MS65’s and make the 11D and MS64+.
What we just listed are areas we scratch our heads on. We make NO promises they will go up, but we know what we do NOT see-and that is these series being drowned with attention.
NEWPS
As we said, we decided to list some better coins now. if you notice we posted all gold NEWPS this week. We like better gold and finally were able to get our hands on a few pieces.
The major highlight is the $20 1857S TY PCGS MS67 CAC SS Central America piece. It is the ONLY MS67 (there is a MS67+) that could be available. We placed 2 out of the 4 found in the wreck (all the coins have been graded). We consider this coin a once in a life time opportunity!
Other highlights:
$2.5 1910 PCGS PR66+ CAC POP 1
$3 1885 PCGS MS64 CAC ONLY 800 minted
$50 1915S OCT PCGS MS64 CAC
$50 1915S ROUND PCGS MS64 CAC
Pretty neat coins! Make sure to check out all of our NEWPS and all other regular inventory coins we have posted. ALL NEWPS ARE NOW POSTED!
LEGEND NUMISMATICS IS PROUD TO OFFER A UNIQUE SET OF 1793 COPPER PIECES ALL PCGS CAC
HIGHLIGHT of the set: the unique 1C 1793 CHAIN AMERI PCGS SP 65BN CAC. This coin is believed to be the first Chain ever struck.
The set:
H.01 1793 PCGS MS66BN CAC Ex Missouri Cabinet
1C 1793 CHAIN CENT AMERI PCGS SP 65BN CAC UNIQUE!
1C 1793 WREATH CENT VINE+ BARS PCGS MS66+ BN CAC
1C 1793 LIBERTY CAP AU 50+ BN CAC
This set is valued OVER $5,500,000.00! Stop by our table at ANA to see these magnificent pieces.
LEGEND RARE COIN AUCTIONS
www.legendauctions.com
We are busy preparing our August Sessions sales for its debut. Included are many GEM PCGS CAC coins such as :
1C 1909 VDB PCGS MS67+ RD CAC
H.10 1837 NS PCGS MS66 CAC
25C 1887 PCGS MS66 CAC
50C 1938D PCGS MS66+ CAC
$1 1860 PCGS PR64 CAMEO CAC
$2.5 1911-D STRONG PCGS AU55 CAC
$5 1906 PCGS MS66 CAC
$10 1909-S PCGS MS64 CAC
$20 1897s PCGS MS64+ CAC
$20 1906-D PCGS MS64 CAC
$20 1906S PCGS MS64 CAC
$1 PEACE DOLLARS A COMPLETE SET PCGS MS64-MS66
This sale will open for bidding approx. August 9th and will close SUNDAY August 19th. Of course highlights will be available for viewing at the ANA Show (all other coins by request). As you can see, these few representatives show this is not your typical internet only sale. Stay tuned for this fabulous sale to be posted!
Last call for consignments for our September Regency Sale. We already have a killer sale highlighted by the Konstatine Bust Half Collection The #1 red book variety set and the Hallett 10C Mercury Dime Collection-the #9 on the PCGS Registry. In addition, a set personally built by Laura Sperber for herself, the Legend Collection of Proof 2C pieces (ALL PCGS PR66RB) will be for sale as a set only. We expect this sale to be yet another “blockbuster”!
Contact Julie Abrams: julie@legendauctions.com, Jessica Berkman: jessica@legendauctions.com, or Greg Cohen: greg@legendauctions.com. They will craft a plan to suit you, including hybrid plans.
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER, EMAIL US: legend@legendcin.com. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL 9 AM MONDAY.
