THE LAST PCGS INVITE OF THE YEAR IS COMING!
We expect next weeks PCGS Invitational to be okay. A lot of people are seriously burnt out from all this years wild up’s and down’s. We know we are beyond fried. Happy this is the last show of the year.
Looking back in 2019, overall, Legend sold more million dollar rarities then anyone and had a nice profitable year (save for a very rough November and December). We did many huge deals. Even though we did that kind of business, we were starved for regular GEM coins. Our sales could have been better in the end.
One thing we did not like in 2019 were all the political issues that started to appear. Several are against us for no other reason then pure bullying and aiding others allies we believe. This can be a real “old boy” and clicky business. We are not going to allow any more of it anywhere especially if we are targeted. A few people got too big for their britches for sure and are too damn greedy. We are highly disappointed. Legend Numismatics will always fight for what is right and try to keep this hobby a great place to be.
CONGRATS TO OUR SECRET CUSTOMER
Call us copy cats: hey ding ding, yo! Look at us! One of our greatest ever collectors just completed a world class set we had been working on with them for a few years. A Major Bust $10 set -complete and mostly all CAC. We expect to have it posted in a week or two on the registry. It will be the new #1-although Tyrannt very possibly has the real #1 set in the end (and a hearty congrats to him).
We purchased the $10 1801 PCGS MS64 CAC for $138,000.00 out of this weeks Heritage sale to complete it. We had been looking for this date and a minimum of this grade for 4+ years! It had to be PCGS CAC. This date and grade prove about having coins with higher pops that are really nothing more then ghost pops (resubs, etc).
This was never a planned set. It just happened that a few coins became available and we were in the right place at the right time. Our customer said “hey, I like $10’s, lets build a set”. Included are coins like the $10 1795 9 leaves, both the 1798 over dates and ends with a choice 1804.
It was probably the roughest set we have ever built. We absolutely REJECTED a record number of coins (so many had been cleaned or messed with). We were not sure if we could ever complete a real nice, unmessed with, and gorgeous set. But we did it! This is what Legend Numismatics lives for!
A NOTE FROM A TRUE COLLECTOR
In our upcoming auction this week, we have many SUPERB Collections. Included is one set in particular in which we have known the owner for many years. His collection is SUPERB and toners were his thing. Now, he is taking a deep sigh and releasing his “friends” to hopefully end up in great new homes where others can also enjoy them.
The collection is Valley View. Here are his words:
“This collection was driven by my passion for generously toned classic commemoratives and walking liberty half dollars. I always tried to buy coins that would be hard to replace. The coins had to be both aesthetically pleasing and technically all there for the grade. This turned out to be an incredible test of patience and a labor of love. While I scoured through auction catalogs, dealer sites and traveled to shows to form this collection it was well placed connections that made all the difference. Over the past 12 years I had the help of a few select dealers and mentors that knew what I was after.
Along the journey I picked up a few type coins that once I saw I couldn’t unsee. Guilty pleasures to be sure. In each instance I couldn’t get out my check book fast enough.
No doubt the 48 coins being auctioned will be greatly missed but the memories of the hunt will live on. Now it’s on to the next collecting challenge.”
These coins will be sold this Thursday at the PCGS Las Vegas Invitational Regency 35 Auction. We hope his coins do end up in great homes!
We thank the Valley View Collector for sharing his thoughts and for allowing us to work with him all these years.
A NUMBERS THING
Last week we sold a really nice 25C 1915 PCGS MS66 CAC coin for $1,200.00. Think about this, to own the entire date in PCGS CAC MS66 it would only cost you $8,400.00!!! THAT IS STUPID CHEAP! There are only 2 PCGS CAC MS67’s (at least one is impounded in a collection).
You want to know what to buy-look for coins like that. Some things have fallen way too hard. We suggest MS65 and higher coins. The MS Barber and Seated series are ripe with coins like that. Both series are not like more modern issues like Washington Quarters or Mercs where rolls and GEM Mint Sets still exist.
Our biggest heartbreak has been Barber Proofs. OUCH have they fallen. We just paid $780.00 for a pretty 10C 1904 PCGS CAC piece. The CAC pop is 5!!!!! Sure there are pieces graded higher, but 65’s are BEYOND STUPID CHEAP!
You have to think contrarian and be willing to do what you are supposed to: HOLD for the long term. How can a 100+ year old SUPERB GEM coin like that 1915 25C not grow in value by 50% in 5 years (assuming no rolls pop up)?
The rare coin market is pure supply and demand. There are so many “smart” and great busy BELOW $5,000.00 its scary. And above $100,000.00 (yes $100,000.00) there are so many STUPID CHEAP buys too today!
There are so many incredible values out there today. Do NOT wait for the herd!!!!!
We will only be offering a few NEWPS the rest of the year. While there actually are fresh deals popping up now, there is too much end of the year work to process all the coins.
Watch for mass emails with a few extra coins.
Speaking of mass emails, the 1C 1943 PDS set from this past week was a smash hit. We had more inquiries from that group then any other all year. Thanks!
LEGEND RARE COIN AUCTIONS
THIS THURSDAY DEC 12TH IS IT! OUR FINAL REGENCY AUCTION OF THE CLOSES. BE PREPARED!
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER, PLEASE EMAIL US; firstname.lastname@example.org. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL 9AM MONDAY