WE WILL BE TAKING A BREAK! OUR OFFICES WILL BE CLOSED THE WEEK OF JULY 5TH. WE WILL BE CHECKING OUR EMAILS ONLY
A FIRST FOR LEGEND
We love these smaller shows. We sometimes do more business there than at a Baltimore or even Long Beach! This show we brought no coins and only went to buy-something we have not done in years. Things started out very slow. Our first purchase was for $33,500.00, 2 Type coins. One coin was on a want list-Yippie! Then on Wednesday, we be bopped around the show and ended up spending $200,000.00! Even though that is way below what we used to do, for today we are thrilled. Even better we LOVE the quality of the coins purchased.
Our super secret stealth seller had another phenomenal show. He was still going strong Thursday evening after the show was done for the day. His sales were easily in excess of $450,000.00 and 300+ coins. He was telling us dealers, especially the smaller dealers were gobbling up coins with little regard for published prices. The theme was they all were out of coins and needed to restock.
Attendance was far stronger then we expected from BOTH dealers and collectors. Next PCGS Invite Legend Auctions has a sale (in July). These smaller shows are worth attending for so many reasons. If you are worried about the enviornment don’t be. PCGS also goes above and beyond the requirements to operate the show safely.
Because it is so dry, we did try to buy NON CAC coins. We were quoted ridiculous numbers so we gave up. Obviously today, we are highly aggressive buyers. WHAT DO YOU HAVE FOR SALE?
WHAT LIES AHEAD?
IN OUR OPINION, nothing other than the market continuing its upside romp. If we felt the market had slowed (or was going to), we’d make that statement. Not every area is showing strength today, but we think that will gradually change. The good thing, we see NO speculation, its all collectors buying.
We had been concerned that once people were up and about again things would slack off. NOT! In fact, they only seem to have gotten stronger. The drought of coins has not decreased one bit. We still worry about how strong things will be after the ANA show as we’d be shocked if appetites weren’t somewhat satisfied by then. right now with out a doubt this market has deep legs. More NEW buyers are collecting. The “black hole” seems to only have expanded.
Obviously gold has been strong the entire. time. Since the $20 1933 sold for $18.9 million ALL gold has gained strength. There was a big dip in gold coin values 2017-2019, Most generics have not only recovered but have moved up. The same with better gold. Per unit, we think many gold coins are still cheap. When you have top pop or near top gold coins in GEM selling for less then $50,000.00, that is cheap. In our minds on the better coins, under 10 or more PCGS CAC is where you really should target today. The commoner ones, go the dates that you don’t see as often. Their premiums grow strong in up markets. Still our recommendation, you build a Type set. Then you can include whatever you want.
Call or email us to discuss any project or if you need help on a collection strategy.
LEGEND WILL BE ATTENDING SUMMER FUN ON THURSDAY AND THE ENTIRE ANA SHOW. WE WILL BE AT THE LEGEND AUCTIONS TABLE. COME ON BY! SELL US YOUR COINS TOO!
While not a lot of NEWPS, we were able to buy a few really neat coins. The highlights really are museum worthy!
1C 1831 PCGS PR64 BN CAC
10C 1874 W/A PCGS MS67+ CAC
50C 1897 PCGS MS67 CAC
$10 1797 LE PCGS AU50 CAC
Of course we tried really hard to buy coins that fit every ones tastes and budgets. As you know coins below $5,000.00 are impossible to find w/CAC beans. We’re trying hard!
We invite you to check out our regular inventory. ALL coins are PCGS CAC coins-each one is hand selected by the owners of Legend Numismatics-exclusive builders of the fabulous Bob Simpson and Black Cat Collections.
Time to take some profits:
BUYING PCGS CAC MS65 $20 LIBERTIES IN MS65. PAYING $4,400.00 6/18 (CALL OR EMAIL FOR DALIY QUOTE). WILL TAKE QUANTITIES!
BUYING PCGS CAC W/MOTTO MS 66 SAINTS. PAYING $4,100.00 6/18 (CALL OR EMAIL FOR DAILY QUOTE). WILL TAKE QUANTITIES!
LEGEND RARE COIN AUCTIONS
The watch List for our July Regency sale is now posted. Check out the smaller 271 lot sale. The quality offered is tops!
In this sale we have 14 very choice and fresh patterns as well as a $20 1901 PCGS PR65 Cameo-all are totally unreserved!
Watch for two major announcements. We working to build an even better LRCA!
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER, EMAIL US: firstname.lastname@example.org. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL MONDAY 9 AM.