WE HAVE A NEW HOT TOPICS POSTED-A LITTLE INSIGHT TO OUR AUCTION COMPANY
THE SHOW
We did not expect much from this show. As it turned out, attendance was light. Wholesale was marginal with our “super secret stealth seller” selling a low $155,000.00 total. While we had hoped the show beat the summer doldrums, it seemed to have caught the beginnings of it. Legend did sell a few things and got really good prices. Our buying totaled 7 coins and we spent BELOW $50,000.00. Ouch!
PCGS was tight (which was good) however we swear we noticed they seemed slightly flavorable to white coins. Unless we just happened to see a few different pieces just made we just did not like. We assure you, PCGS has held their standards to the point that we are seeing more NGC coins in the bigger dealers boxes. The crackout guys and especially the coin docs are feeling the pain. Legend will continue to offer our customers PCGS CAC only (no matter how dry supply is).
At this point in time, we expect the market to be quiet (especially this week). However, (especially as proven by our auction) if the right coin or coins turn up, they will still sell immediately and for strong money. We think by mid July the market well reawaken to a degree. ANA should hit like a flash bomb it will be that powerful in our opinion.
**As of 7:15 Saturday est we had already had orders for 5 of our NEWPS including the 1864 L Proof. We did not expect that kind of action so quick!
THE HERD IS COMING
If you collect Buffalo Nickels, oh do we have a group of coins-FRESH to market coins, we’ll be offering within a few weeks. Note: the majority of these coins have been off the market for up to 25 years! We had to send them off for CAC beans and a few yes, we did resubmit.
The group starts in 1913 and ends in 1938 and has a representative from every date. The grades range from MS65-MS68! We also have all the Proof dates as well.
We assure you, this group is TRUE GEM quality and many of the coins have supreme eye appeal.
Want Lists accepted, however we do not expect to be filling any until late July.
If you ever thought of starting a GEM Buffalo Nickel set, these coins represent a great opportunity!
NEWPS
Due to July 4th coming this week we elected not to go full force with NEWPS. However that does not mean we posted any less of an offering. Highlights this week include:
1C 1864L ON RIBBON PCGS PR65 BN CAC
$1 1885CC PCGS MS65+ DMPL CAC
$5 1908S PCGS MS65 CAC
Every coin posted would make highlights any where else!
Check out our regular inventory. We have some monster homes that for whatever the reason have not sold. We want to get theme placed into great homes. Talk to us, we will work hard to make it happen!
ALL NEWPS ARE NOW POSTED
LEGEND RARE COIN AUCTIONS
www.legendauctions.com
Legend Rare Coin Auctions wishes to deeply thank everyone who viewed, bid, and helped make the auction a complete success. With out collectors, we would not work to build one of the best auction brands. We promise to keep working hard to make things even better!
Too save time and energy, here is the press report (including highlights) from the sale. At one point it was like a wild west shoot out!
What’s Hotter than Las Vegas in Summer? Finest Known Coins Catch Fire at Legend’s 33rd Regency Auction
(June 28, 2019—Lincroft, NJ)— Record prices fell at Legend Rare Coin Auctions’ June 2019 Regency Auction as multiple advanced Registry Set collectors fought it out to add finest known issues to their top ranking sets on the PCGS Registry. Besides The Finest Known coins, the action was as hot as the summer sun in the Las Vegas desert (it was a balmy 101 outside). Again, the explosive bidding activity proved that collectors of all areas were out in force to buy quality coins. As usual, PCGS/CAC coins garnered the most attention and most active bidding, realizing solid to extremely strong prices. The Regency Auction, which is the official auction of the PCGS Members Show, proves that even smaller sales get the same draw and attention of the larger conventions. While attendance was not strong at the show, pre internet and live during the sale internet bidding was the most active of ANY auction we have ever had. The top selling lots were a pair of Top Pop Mercury Dimes, which three very advanced collectors drove to shocking world record prices: lot 211, a 1931-S in PCGS MS67+ FB CAC realizing $270,250 and lot 220, a monster toned 1938-S PCGS MS68+ FB CAC sold for $364,250. All prices realized include the 17.5% Buyer’s Premium.
“Opening the sale was the Hunter Collection,” said Julie Abrams, president of Legend Rare Coin Auctions. “For the first hour and a half of the sale, it was standing room only with a huge crowd in the auction room. Collectors fought it out over and over, driving prices higher to take home the greatest prizes. The current market is as quality conscientious as ever, and Premium Quality coins (especially toners) are bringing premium bids!”
“Bidders on the phone, in the room, and online fought ferociously to bring home the prizes for their collections,” said Laura Sperber, founder of LRCA. “Julie, Jessica, and I were on the phone with bidders who really desired the absolute best coins. Clearly, Legend Rare Coin Auctions has built a clientele that are the strongest buyers, especially for the finest PCGS/CAC coins in the world and monster toned examples. We consistently sell top pop toners for world record prices that no other auction firm can touch!”
Not everything had to be a pop 1 wildly toned piece to attract loads of bidder and realize strong prices. Even PCGS NO CAC coins preformed especially well ($20 1904 PCGS MS67 realized $73,437.0 17.5 included). A small group of exceptional Proof Barber 10C +25C performed exceptionally well. Another area that performed strong: Morgan Dollars. Legend is a rising star among Auction Companies when it comes to selling the best quality MS +PR Morgans.
“Auction after auction, our boutique auction program gets the biggest buyers’ attention, and they return, every auction, knowing that we sell the very best coins on the market,” Julie Abrams stated. “That is why the consignors keep coming back. We offer much more then just auctioning your coins. If you have not yet consigned to our record breaking sales, now is the time to do so. We are now accepting consignments for our September Regency
Auction, so contact one of our consignment specialists today. Take a look at these highlights (to name just a few) and let us do the same for you!”
Lot 10. 10C 1798 Large 8. PCGS MS62 CAC From the Hunter Collection. Realized $30,550
Lot 73. 1C 1955 Doubled Die. PCGS MS64 RD CAC. Realized $14,688
Lot 92. 3CS 1855 PCGS PR64 CAC. Realized $13,513
Lot 131. 5C 1911 PCGS PR67+ CAC. Realized $6,169
Lot 167. 5C 1939 REV 38 PCGS PR68 CAC. Realized $6,168.75
Lot 197. 10C 1916-D Mercury. PCGS MS64 FB CAC. Realized $38,775
Lot 204. 10C 1923 PCGS MS68 FB CAC. Realized $35,250
Lot 231. 10C 1943-D PCGS MS68 FB CAC. Realized $5,053
Lot 242. 25C 1877 PCGS MS68 CAC. Realized $27,025 (wildly toned)
Lot 268. 25C 1949-D PCGS MS68 CAC. Realized $43,475 (wildly toned)
Lot 269. 25C 1952-D PCGS MS67+ CAC. Realized $21,150
Lot 279. 50C 1876-CC PCGS MS66+ CAC. Realized $31,725
Lot 290. 50C 1920-D PCGS MS65+ CAC. Realized $29,375
Lot 306. 50C 1942-D PCGS MS68. Realized $34,075
Lot 308. 50C 1943 PCGS MS68 CAC. Realized $28,200 (wildly toned)
Lot 343. $1 1881-S PCGS MS66 CAC. Realized $11,163 (wildly toned)
Lot 383. $1 1902-O PCGS MS67 CAC. Realized $19,387.50
Lot 475. $20 1882-CC PCGS MS62 CAC. Realized $31,725
Lot 482. $20 1904 PCGS MS67. Realized $73,438
Lot 503. 50C 1935 Spanish Trail. PCGS MS68. Realized $17,038
Lot 513. $1 1879 J-1629. PCGS PR67 CAC. Realized $36,425
Lot 514. $3 1875 J-1436. PCGS PR65 RB CAC. Realized $73,438
There are many more coins that brought strong to record money. In this sale nothing fell through the cracks. It was one of those unexpected power sales that will take us a few days to recover from!
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER, PLEASE EMAIL US: legend@legendcoin.com. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL 9 AM MONDAY
