While the Baltimore show was mostly quiet, back home activities were much stronger than expected. As the saying goes ” if it’s gold, it’s sold ” has never been more true. Collectors and investors were buying all the gold they could find – from junk to better coins. Generics were sought out. It will only be a matter of time before even more money creeps into the coin market making the “big black hole” even bigger.
Printed prices have not reflected the current market yet. We do predict this week’s Stacks auction will be very strong as we have already been out bid on a number of coins and our bids were strong. This trend will likely continue with the CSNS sale.
The banking turmoil only made people look for safer havens to store their money. Gold has shot up over $100.00 in 3 days. Many expect it to run as high as $2,500.00 shortly. We all know there are so few great coins to buy. We think the market will experience a huge rise with even more money searching for great coins. Be prepared to pay more, especially in auctions!
Forgot to mention, six biggest wholesale buyers missed the show for various reasons our “super secret” stealth seller still managed to do nearly half a million dollars in sales. He was busy for the entire pre-show and show. He said the “smaller dealers” are still starved for coins. Apparently, due to extreme tightness at the grading services the crackout dealers are sitting on the side lines. One said the grading services are “just not grading”. We are experiencing horrible time on “lock” crossovers.
It’s so hard to find what we really want. But as we searched around, we did manage to find some seriously nice and great coins.
This week’s highlights include:
10C 1800 PCGS MS63 CAC
25C 1927-D PCGS MS66+ FH CAC
50C 1858 PCGS PR66+ ELIASBERG CAC
$5 1853-D LG D PCGS MS64+ CAC
These are four coins that can not be replaced!
Be sure to check out our full inventory. We have many exciting PCGS/CAC coins. Every coin is selected because of its HIGH END quality and strong eye appeal.
LEGEND RARE COIN AUCTIONS
We are pleased to announce that our CSNS sale will now include the incredible BST Type Set. This set was built by Legend Numismatics over several years. This set will be sold UNRESERVED. Highlights include:
1C 1795 PCGS MS65BN CAC
1C 1812 PCGS MS65BN CAC
H10C 1880 PCGS MS65+ CAC
25C 1828 NGC MS65 CAC Ex. NEWMAN
50C 1806 POINTED 6 STEM PCGS MS65 CAC
$1 1795 3 LVS PCGS MS64+ CAC POUGE
$1 1802 PCGS MS65 CAC
$1 1854 PCGS MS65 CAC
$2.5 1837 PCGS MS65 CAC
$5 1837 PCGS MS64+ CAC
You can not find coins like these on the market today.
Our CSNS Sale will be one of our more powerful sales ever. We have many individual coins that should bring “off the chart” prices.
We have a watch list now posted for the CSNS sale. We will be adding many more coins in the following days. Stay tuned. We suggest you make plans either to attend the CSNS show or come and view the lots in our offices. This sale does take place Thursday evening, April 27th at the show.
The CSNS lots will be at the PCGS Invitational March 29th – 31st for viewing as well.
We are always accepting quality consignments. Call or email the best team in the biz for assistance.
Check out our weekly auction. Auction #9 has a great group of commems!
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