WHEN YOU EXPECT NOTHING YOU ALWAYS GET SOMETHING
We are still adding up what a powerful show this turned out to be. Since we blew into town Tuesday afternoon until Friday AM when we left, for us activity was off the charts. While we expected to do one big deal (which we did and we will announce next week), we had many other surprises happen.
EVERYTHING WAS A DREAM
Monday night was rough. We were stressed out about the show. Could we sell anything? Would there be coins to buy? Had to take an extra sleep aide.
After being lights outs for a few hours the next few hours we began our groggy journey. Drove to Baltimore with out any traffic. That’s a once every 10 year event. Wanted to see one person to sell too Tuesday. He was just okay. But we got lucky and had second shot on a bigger dealers coins (for us to buy). Spent some good money-but the biggest coin of the deal we flipped to a collector who always tries to buy from us every Baltimore (collectors who work with us like that always get the first dibs).
The next day (wed) we had an 8 AM Appointment with our super secret buyer. He also was not in a spending mood. We figured its going to be par for the course this show. Then while sitting in the hall at the convention center where the dealers were hanging, a bigger dealer came up to us and begged to see our coins-especially the gold. Boom! He spent $50,000.00 in 10 minutes. From that point on selling was a breeze. We really got cleaned out of a lot of gold and Proof Type that day. Still could not buy much. It was a really good Wednesday, something we had not experienced in a long time.
We did have one surprise: a dealer we always try to buy from offered us a coin we actually needed for a Want List-a MONSTER $2.5 1830 PCGS MS65+ CAC. Sure , we whined at the price trying everything to buy it cheaper, in the end we knew we had to pay the price. One email to a customer-the coin was sold! That type of transaction made us feel good for many reasons.
Had a company dinner at Mortons (Maestro’s still our fav) and everyone was optimistic for the show. They felt a good vibe from the dealers. Our super secret Stealth seller was confused over the amount he sold in general but was crowing what a great show he was having. Nice way to end a long day.
The show opened at 8 AM on Thursday. There was a crush by the dealers to get in. At 10 am a reasonable amount of collectors showed up. By noon our table was packed with collectors looking at auction lot highlights and crossing over and buying coins. We did at least 3 five figure sales. All day long we were really busy. Even better we had no hold checks or trades. When the show closed at 6, we were fried but were very happy.
Then it was on to the Stacks Auction. What a shocker. We saw many prices that were nothing a day before the sale. Thought we could buy some coins cheap. NOT! We got smashed again on all the PCGS CAC coins we tried to buy. Prices were super strong. We are proud to say we did buy the $1 1871 PCGS MS65+ for a customer. The coin was housed in an original envelope and has original color. Auctions really are the “new” retail centers. All we can say is always be prepared to pay up-even if the day before things look dead.this auction got away from us.
Crawled back to the hotel and passed out. Woke up 6 AM Friday and realized it had all been a dream. WOW! Freaked a little then we started to realize, all that stuff DID happen. It was not a dream, The Baltimore Show turned out to be a dream show! After two back to back bad shows (FUN and LB), this was the last show we expected anything from.
We do keep saying most shows should not be considered when figuring if the market is strong or not. We do not know if this show was an abberation. Hopefully it was not. It was nice to see, hear (from our buddies), and know there was good activity for a change. March will be interesting as only the PCGS Show 20-22 and the ANA Pittsburgh Show 28-30 are the only games. We know many dealers are skipping ANA. Still, our problem is we need a massive amount of fresh coins.
LEGEND NUMISMATICS IS BUYING BETTER PCGS CAC COINS NOW.WHAT DO YOU HAVE?CONTACT: George Huang email@example.com
While we did spend nearly $1 million dollars, few coins made it home (one big set was spoken for already)! WOW! We still managed to buy some seriously nice coins.
The main highlight is the 5C 1907 PCGS MS67 CAC. Pop 2-the other coin is in the #1 set.
We have many really nice looking hard to find coins offered. We came home with a handful of NEWPS, so next week others will be posted.
Do not forget to check out our regular inventory-we have some serious SUPERB GEM PCGS CAC coins. We’ll work hard to make them yours!
ALL NEWPS ARE NOW POSTED!
LEGEND RARE COIN AUCTIONS
We were out of seats twice as the highlight viewing took up our entire double table (shutting down Legend Numismatics). Over 50 people came to look. We did not expect that.
Regency 31 is by a dramatic sale with many GEM Proof coins you never ever see (like the 1893CC $1 PCGS BM 65+ CAC). The gold is highlighted by a MONSTER $10 1795 PCGS MS64+ CAC. There really are high quality coins for every ones tastes and budgets. Check them out!
We do ask you make your reservations (things like phone bidding) early. We expect to be swamped the last few days before the sale.
Also, for Regency 32, time is running out to consign! The final deadline is the end of March. This sale will be held in New Orleans. We will be announcing shortly one of the worlds most famous gold coins (hint: A Supernova has landed) will be included in that sale. We set our bar too high, but some how we live up to it!
If you have any questions or need to set up things, contact Julie Abrams: julie@legendauctions, Jessica Berkman: firstname.lastname@example.org, or Greg Cohen: email@example.com
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER. PLEASE EMAIL US: firstname.lastname@example.org. WE DO NOT CHECK OUT PHONE MESSAGES UNTIL 9 AM MONDAY