The first 2 days of this past week we had explosive sales. We sold coins ranging from $2,000.00-$75,000.00 off our website. As a few of you know, our volume exceeded our ability to ship them all in a day! What is going on? We’d prefer an even selling market vs this stop and start. Our only guess is that there are so few quality coins available-even in the bigger auctions to satisfy collectors hunger. We also believe the amount of collectors seeking quality coins are greater than ever.
So why are coins really not going up in value except for when there is an auction? Simple, private transaction are not recorded by the price guides. Plus, there are so many coins that have not traded in years price guides can only adjust what is in front of them. Makes it tougher for everyone unless you are out to just buy the coin and price is not your #1 concern.
TYPE COINS ARE TOO CHEAP
We know of one major dealer who is now buying a certain series of Type for himself. “Too cheap” is what he said. You know when dealers start buying for themselves it’s definitely time for you to buy as well. For the past 3 years better gold coins had all the shine leaving many other areas in the dust bin. Type coins actually drifted down a bit. However, rare, better Type held its own. Looking at the market, overall, things like MS 25C+50C are cheap in our opinion. We also recommended doing a PR Buffalo set in 66-67. Well someone took us up on it-and we can’t even find those. That is when you buy! Do your homework, many areas of Type have become too cheap. Bust Type is one area, MS Seated Dollars maybe too cheap because they are so rare. Of course all Nickel Coinage has suffered from lack of strong demand as well. We do see gold type will continued to be strong and bring interest.
WHY WORK WITH LEGEND?
Look at what we have done for the big guys-Simpson, Black Cat, Half Dome, Morelan, etc. To be clear, we just use them because you can see our track record. You do not have to be a “whale” to work with! All we want to do is sell nice coins and build nice collections no matter what the size and value.
Here is what we do: #1 we know the market as well as anyone. Our experience in handling better coins positions us in a way to insure your buying only real quality, We are extremely loyal with customers who have been exclusive to us for over 30 years! We work with you as a team. You can’t beat our sources for finding better and rare coins. Last, we LOVE to buy back any coin we’ve ever sold. We always make markets in what we sell. While other people make ridiculous claims, we’re genuine dealers with a major bourse floor presence and experience (ditto for auctions). Email or call us to discuss what you’re looking for.
This week we have a real soup to nuts offering. We have a 1904O Morgan PCGS MS64DMPL to 1880 Trade Dollar PCGS PR67+ Cameo ex. Simpson.
Remember, every coin we offer is chosen for its outstanding quality and eye appeal.
We invite you to check out our regular inventory. We have many great coins!
LEGEND RARE COIN AUCTIONS
We’re in the cataloging phase of the Regency 61 sale. There are some remarkable coins in the sale. We hope to have a list up within a week or so. The sale takes place Nov 2nd. ALL lots will be at the new Nashville show the week before-we suggest you attend and see the lots in person (or come to our offices).
Next up-the PCGS December Show (Dec 7). We are accepting quality consignments-minimum $2,500.00 per lot. Please call or email Jessica Berkman with what you have. She will craft a package that will help maximize your values!
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER, EMAIL US! WE DO NOT CHECK OUR PHONE MESSAGES UNTIL 9 AM MONDAYS.