A GREAT SHOW!
This CSNS show is the way big shows should be. Only FUN is comparable. We’ll be back and we believe the 600+ dealers in attendance at this show will be looking forward to the next CSNS as well.
There was a blizzard of white slabs (NGC) at the show. EVERY major wholesaler had just about 80% white holders. PCGS has been on a super tight streak leaving volume submitters looking for other avenues. BUT they have run into a wall of soft sales and soft prices for these coins. Many collectors, especially those collecting the finest, prefer PCGS/CAC graded coins. Full stop. Our advice to them is to stay the course and continue to seek out only PCGS/CAC coins. You might have to be patient to find the coins you need, but they will eventually appear. Important: BUY EYE APPEALING COINS. The prettier the coin, the more it will appreciate down the road-does not matter if it is gold, nickel or any type.
We will write a detailed report about Legend Auctions Regency 58 CSNS sale next week.
ACTIVITY FROM START TO FINISH
Dealers used to show up at shows mid Tuesday afternoon. Today, if you’re not there by Monday morning, you will be missing out on fresh coins. Dealers race for these fresh coins is more fierce than ever. We got really lucky and three deals walked up to us at dealer set up. One in particular was gorgeous 50C 1822 PCGS MS67 CAC (green tag). We gladly paid six figures for it. The other deals involved groups of coins including David Akers personal 1909-S VDB PCGS MS66+ RD CAC ( we feel it’s the best one out there). It’s been a very long time since we have been offered fresh coins.
We were off to the races. The very first dealer spent over $156,000.00 with us! In MANY cases, we got more for coins than what we had them listed on our website! When we tell you a coin is really fairly priced-we mean it. The quality we offer is better than most. What remains hot: GOLD! Type coins can be a little hit or miss in the $5,000.00 to $25,000.00 range. Our motto these days remains, “if it’s gold, its sold”. We are getting extreme prices even for commoner $20 Saints in 66 CAC. Collectors seem to be stocking up on them. Of course, better gold still enjoyed crazy strong demand. The market is very good right now even with short supply of PCGS/CAC coins. We think it will only make PCGS CAC coins worth more. We probably bought a dozen zesty PCGS CAC coins on the floor.
Our “super secret stealth seller” was all grins Wednesday afternoon as he passed $1 million in sales. Considering he sells soup to nuts and mostly NON-CAC, that is incredible. He could very well end up at $1.5 million.
We are only posting a few of the NEWPS we bought at CSNS. We have to process the coins into our inventory and image some of them. Next week we will have even bigger offering. Stay tuned!
This weeks highlights include:
$1 1859-O PCGS MS64 CAC
G$1 1875 PCGS MS63 CAC 400 Minted
$20 1906-S PCGS MS64+ CAC
We assure you, all of our NEWPS are priced fairly and have great quality and great eye appeal.
BOOM! Another successful Regency sale! prices over all were strong. Next week we will have a full report.
Now it’s on to Regency 59. OMG! We are opening the sale with 29 MONSTER VERY OLD HOLDER coins. Many are CAC gold beans! There are some power coins included. Other highlights in this sale-including the Coronet Commem Collection and a complete Merc Dime collection NO BANDS, including MS68’s in the set! The sale will be held in New Orleans in conjunction with the PCGS Members Only Show. This is another CAN NOT miss sale.
We are now accepting consignments for our July Regency sale to be held in our NJ offices. We love to sell (and want) the coins sold by Legend Numismatics over the years. Call the BEST team in the auction biz to discuss what we can do for you: 732-935-1168.
LEGEND WEEKLY SALES ARE HOT!
Our sales have been growing both in quality and stronger prices realized. We are also offering single sale collections. Try us , we have a super-fast turn around and quick payment. We also have the bidders!
IF YOU SEE A COIN OF INTEREST, PLEASE EMAIL US. WE WILL NOT BE CHECKING OUR VOICEMAILS UNTIL MONDAY 9AM.