ACTIVITY WAS GOOD
For Legend, it was a very good week. Our strongest sales came via private treaty and Want Lists. Activity off our web site was slower. We sold a mix of coins ($1,575.00 to $22,000.00). However, we are working on some very large transactions currently (we expect some major announcements in the next few weeks). January ended up better then we expected-including the sale of several coins (at strong wholesale prices) we really were buried in.
For the upcoming week we are concentrating on the Reynolds copper sale (if your thinking of bidding, fair warning, we’re coming to play hard) and the Long Beach Show. Plus, we will be opening our new web site mid week. So we’re laying low and not posting any NEWPs this week.
As we mentioned last week, we finally see the semi confused state of the average buyer improving. If you notice, oil and the stock market had a better week too. We still believe people were so stunned by the huge negative swings it stopped many in their tracks. Collectors did not feel good and you could have put a GEM 1804 $1 in front of them for $500G and they probably would have passed. The good thing, as we predicted, we are seeing some new money looking around and starting to buy. Like oil, we think we’re near or at a market bottom.
We expect all four auctions coming up in the next 3 weeks (including Legend Auctions on Feb 17th) to enjoy strong prices on the coins that are worthy (key words: coins that are worthy). Out side of auctions, there is so little to be bought at shows or dealer to dealer. We can not stress enough you should NOT pass up current opportunities because you think they are 10-15% too much (in the long run that will be cheap). Today, when the right coins appear, you can’t buy them cheap! Our buying has dramatically slowed not for lack of trying either.
We have done our double checks and are ready to go. If you seek representation, please contact Laura Sperber direct at: email@example.com. All representation is totally confidential. Unlike a few other dealers, we will be present at the sale for all bidding.
Sorry, due to travel, Long Beach, a new web site launch, some big deals, etc we’re not going to be posting any NEWPS this week. We will be posting a small group of very exciting NEWPS next week. Until then, check out our regular inventory and know that we will work hard to get you in the coins of your desire! We still believe RARE coins are exactly that-NOT a commodity! Stay tuned!
LEGEND RARE COIN AUCTIONS
SEE THE ENTIRE AUCTION AT LEGENDS LONG BEACH TABLE 414
We’re off and running! Within the first 48 hours of launch, Regency Auction 16 has already received over $1,000,000.00 in bids from several hundred bidders. We think this auction has 484 of some of the coolest coins we have ever offered.
Don’t forget, you can use the services of the principals of Legend for representation, FOR FREE! You can’t beat working with the same people who have built many of the greatest collections of all time! NO other auction firm offers that.
If you have any questions please contact Julie Abrams at: firstname.lastname@example.org. We strongly suggest if you wish to phone bid or need special terms, you talk to us NOW. We hope to hear from you or see you in Long Beach or Las Vegas for the sale!
If you have coins to consign, please contact Greg Cohen at 732-935-1168.
PLEASE EMAIL US WITH ANY QUESTIONS OR IF YOU WISH TO ORDER: email@example.com. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL 9 AM MONDAY!