THIS MARKET REPORT REPRESENTS THE OPINIONS OF LEGEND NUMISMATICS. THERE IS RISK INVOLVED. ITS UP TO YOU TO DETERMINE HOW MUCH RISK YOU WANT TO TAKE.
TIME TO WAKE UP AND WORK HARD
Finally, the election is coming to a head. In the end, it does not matter if Trump or Biden wins. Our economy is broken. Both candidates (after elected) will print as much money as the machines can do on a daily basis and borrow scary sums amounting to mega TRILLIONS. The US debt load will rise to unfathomable numbers.
There will be a whole bunch of people not wanting to ride the stock markets roller coaster next covid down turn. There will be TRILLIONS of dollars needing some place safe to go. Just a fraction of that can make the rare coin market triple overnight!
IT IS LEGEND NUMISMATICS OPINION, WE WILL GO THROUGH ONE OF THE GREATEST HARD ASSET BOOMS EVER-bigger then 1980 (which was really the Hunts playing w/silver). We called it right two months ago when we strongly hinted to take some money off the table. A dip in gold prices has occured. NOW WE ARE TELLING YOU TO BUY ALL THE GOLD (GENERICS TO RARITIES) YOU CAN. Silver, nickel and copper Type will follow. We strongly believe in 6-8 months you see gold OVER $2,500.00 (B of A is calling for $3,000.00+). This will bring a lot of attention to rare coins and generics.
Look at what you can NOT buy today. GENERIC Saints do NOT exist. There are huge orders for the coins. Until last week, we were down to NO Saints in stock of ANY kind. If someone called us today and wanted 10 MS65’s-we can not find them. Bigger and better gold coins will probably show the biggest % returns. Where is all the Proof gold? Where are all the better gold coins?
We know many big Wall Streeters. They already are heavy in gold. Some have generics, some have built incredible gold collections. In fact a mega Wall Streeter we know who is responsible for TRILLIONS of dollars said this to us: “Seems like it could be a good market for coins/collectables shortly. Of course prices tend to go higher in any asset when confidence levels rise.” If we see anything like 1980, it will be powerful and will seem like a herd wave of buying.
It won’t take much to move the needle on the coin market. While we have Simpson and Miller selling, collectively, everything selling in November only amounts to the price of a lesser painting-$20 million or so. Then break the lots down and your not talking substantial money per. We’re expecting to see billions of dollars that will want to buy gold and other rare coins.
We are NOT hyping anything. These are the facts and our sincere opinion (we have always been gold bugs tho). We do NOT have that much gold in a stock, nor could we load up on generics. The market is as dry as we have ever seen it. We re saying all this so collectors can shift their thinking and be ready for it. We do not know if it will be a slow rise or a missile rise. Its okay today to pay stronger for eye appealing PCGS CAC coins. We strongly believe you’ll kick your self down the road for not seizing todays opportunity (even if you have to pay a little more).
WHERE ARE THE COINS?
Today we are slowly starting that freight train to move. While having no shows does take a toll, it is not telling the entire story.
If the FUN Show were to be held today, save for the auction it would be a bust for most dealers. If there are NO coins around now, why would coins appear suddenly at a show? Every one we have called pretty much (save for those who needed some cash) are NOT selling. And if people own gold, forgetta bout it! It probably would take a 3-6 months of a hard rally rise in prices to make things tempting for people to sell.
Besides being in what we call a deep black hole, we were shocked to see that coins overall were in strong hands. If they are not selling now, a 10-20% rise in values won’t bring out coins either. We will have to have the full train coming down the tracks so that people clearly see the abrupt rise in values.
Buy up all the $1,350.00 PCGS PR 67 CAC Shield Nickel (like the one we just sold). Buy all the MS65+66 Saints and of course MS65 20 Libs. In reality, no matter how you play it, owning hard assets the next year or two should make you a lot of money!
NEWPS
Not the 100% group of coins we crave, but we have been buying anything nice that comes our way.
One of favorite coins now posted is the 1799 $1 PCGS AU58. It is a SUPERB GEM AU. Check out our NEWPS as well as our regular PCGS CAC inventory. We do have some really neat coins in stock!
LEGEND RARE COIN AUCTIONS
www.legendauctions.com
We will have a major announcement shortly involving scheduling.
Regency 42 is now LIVE! Bid away! We had $1,000,000.00 in bids placed the first 24 hours!
If you have any auction questions, please call: 732-935-1168.
IF YOU WISH TO ORDER OR HAVE ANY QUESTIONS, PLEASE EMAIL US: legend@legendcoin.com. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL 9 AM MONDAY.
