WE ARE LIVING A DREAM
We’re four months in to a bull market. The first signs actually started in November. It was not until the FUN Auction when things blew wide open. There has been only a two week lull for us at the beginning of April. Our activity is like a great dream. We’re worried sick now about the dream becoming a nightmare. WE HAVE REALLY RUN OUT OF A SUPPLY OF FRESH NEAT COINS. We are not alone. This is from one of the largest dealers in the biz: Our inventory is the lowest I’ve seen in 28 years. POWERFUL WORDS.
Non activity leading from a severe lack of coins will choke our market unless we land a big deal in May (same really goes for just about everyone else). Yet the dream of more buyers then sellers only seems to be deepening. Our recent Auction and the Heritage sales more then proved how strong the market is. We saw numbers that did not represent hundreds of buyers, we saw HUNDREDS OF THOUSANDS OF EYE BALLS and thousands of aggressive bidders. KABOOM! These are NOT investors, they seem to be people legitamtely collecting coins.
The coin market is NOT a bubble like we think the modern sports card craze seems to be (in our opinion). Having a newer LeBron James card sell for $5,200,000.00 with out much time to solidify is really too much money speculating. Think about what kind of killer coin collection can be assembled for that money. People have been collecting coins for hundreds of years. Sports cards, not so long. And the one bubble that already has started to burst-the NFT’s. Never understood them any way. Plus, the Feds seem to have their number and they are highly taxable with is now causing them to attract less money. The rare coin market will continue to be more stable long term then all of these pop up areas.
The dream of a bull market has no boundries right now. However, as we warned before, a lack of coins could make it seem like it is stopping until an auction or two arrives with a bunch of fresh coins. Do NOT be fooled if there seems to be a slow down. You will be paying more for any great coins at least for the next few months.
Your best buys will be off of dealers-IF they get the coins. You also might want to change your goals bit. Keep in mind, not all areas are enjoying crazy activity.
NOTE: We strongly advise you take some profits in certain areas. No one knows where the peak of this market will be. It never hurts to lock in some profits. We would be happy to help and advise about this.
GOLD
Ugh. Okay, the NFT and bitcoin crowd shifted some money away from gold. Give the gold market some time. We predict in a year from now you’ll be regretting not buying gold in some form.
Of course better gold coins are on fire today. Out hottest selling coins are gold (when we have them). Even generics are MIA in the market place.
CONGRATS TO RSD
With the addition of the Simpson 25C 1914 PCGS PR68+ Cameo CAC, he now has the #1 all time Proof Barber Quarter set (in a addition to his monster #1MS Set). Even we marvel at his coins.
His drive is relentless to build the finest. Of course this set is 100% PCGS CAC.
We congratulate his accomplishment. He is not done. We know he will always want to improve his sets (how we do not know). We thank him for allowing us to exclusively share his journey. He has started on a new collection which we expect will rise into the quality stratosphere like only he can demand!
NEWPS
We’re still not anywhere near where we want to be with our NEWPS. BUT we do have a few really sexy coins this week:
1C 1916 PCGS PR67RB CAC
3CS 1866 PCGS MS67 CAC
5C 1900 PCGS PR68 CAC
G $1 1873 OPEN 3 PCGS MS68 CAC SIMPSON/AKERS
$5 1857-S PCGS MS64 CAC SS CENTRAL AMERICA
Be sure to check out our regular inventory, we have some great coins!
LEGEND NUMISMATICS IS BUYING. WHAT DO YOU HAVE FOR SALE? SORRY, NO MODERNS. EMAIL US: legend@legendcoin.com to discuss your coins.
LEGEND RARE COIN AUCTIONS
www.legendauctions.com
A NEW LIST OF OUR REGENCY AUCTION 46 IS BEING POSTED THIS WEEKEND! Keep in mind these are rough drafts and estimates. Due to a short time in between sales, we wanted to get some thing posted as fast as possible. The sale should be open for bidding around May 7th.
THE SOMMELIER TYPE COLLECTION
All we can say is WOW! EVERY coin was hand selected by a pickey long time collector who just loves coins. The eye quality and eye appeal are clear cut. ALL of the coins are PCGS and most are CAC.
We are madly in love with the $10 1796 PCGS AU55 CAC. Have not seen one like this coin in years. There are so many coins in this mid range collection to boggle your senses! You can tell the Sommelier Collector assembled this set with quality in mind.
ROUND II OF THE BOYSTON COLLECTION will be sold. Included will be MS+PR Seated Quarters as well as the exceptional Halves this collection is noted for (50C 1845-O PCGS MS 66 CAC and a 50C 1840 NGC PR65 small letters, etc). If you missed out on the halves before, here is your second chance!
Regency 46 is so loaded with cool coins (584 lots)-it will be a TWO DAY EVENT! The sale will take place May 26+27. Mark that down! We do NOT believe in shoveling out too many coins to a point where great coins are lost in the mix. As we promised when we started LRCA we did not want sessions running until midnight or beyond! These sessions will start at 4 PM PST.
We are now accepting consignments for our July Regency Sale. Call the best team in the biz: 732-035-1168. They will craft the ultimate plan for the sale of you coins.
Generous cash advances available!
IF YOU HAVE ANY QUESTIONS PLEASE EMAIL US: legend@legendcoin.com. WE DO NOT CHECK OUR PHONE MESSAGESUNTIL 89 AM MONDAY,
