AN EXPLOSIVE WEEK
Legend sold over $1,400,000.00 to collectors this week. The majority of it was unexpected. The highlight coin sold-the fabulous $1 1893-CC PCGS PR65+ BM CAC. That coin is now the Type Morgan in a world class Type set we are building. The purchase price was well into six figures. The majority of what else we sold was better gold. We did not expect to do the big numbers until ANA time. Our sales for July were at a record level of just under $3,000,000.00!
Then came the Legend Regency Auction. Prices there were in some cases “beyond Pluto money”! See below for highlights.
LEGEND AUCTION REGENCY 53 SALE
You can’t top a wildly toned PCGS CAC Commems!
Highlights from the sale include:
1 Isabella 25C PCGS MS67+ CAC $17,037.50
12 Cinnci PCGS MS67+ CAC $55,225.00
22 Elgin PCGS MS68+ CAC $55,812.50
25 Grant W/Star PCGS MS67 CAC $55,812.50.00
28 Huguenot PCGS MS68 CAC $47,000.00
31 Lincoln PCGS MS67+ CAC $14,100.00
33 Lynchburg PCGS MS67+ CAC $15,275.00
38 New Rochelle PCGS MS67+ CAC $12,337.50
44 Pilgrim PCGS MS67+ CAC $9,400.00
64 Lafayette PCGS MS66+ CAC $25,850.00
102 3CS 1858 PCGS MS67 CAC $22,325.00
121 5C 1912 PCGS PR67+ CAM CAC $17,625.00
151 10C 1885 PCGS PR66+ Cameo CAC $3,290.00
155 10C 1890 PCGS PR67 CAC $12,337.50
168 20C 1875 PCGS MS66 CAC $22,325.00
181 25C 1838 PCGS MS64+ CAC $15,275.00
203 50C 1836 RE PCGS AU 55+ $11,750.00
210 50C 1909 PCGS MS67 CAC $44,650.00
238 $1 1850-O PCGS MS64 CAC $141,000.00
240 $1 1852 PCGS MS63 CAC $91,062.50
255 $1 1864 PCGS MS64 CAC $23,500.00
268 $1 1872-S PCGS MS63 CAC $58,750.00
270 $1 1873-CC PCGS AU55 CAC $117,500.00
289 $1 1883-O PCGS MS63 CAC $2,350.00
296 $1 1884-O PCGS MS65 CAC $7,050.00
356 G $1 1851-O PCGS MS65+ CAC $15,275.00
386 $10 1899 PCGS MS66 CAC $22,325.00
429 10C Hawaii PCGS MS65 CAC $4,347.50
The generic $20 gold in the sale did exceptionally well, even with the crack out game shut down for a while (PCGS is beyond tight). Collectors still see gold as a safer haven to place their money.
We could have listed many more coins. If you had bet us where the auction would have ended up just before it started, we’d have lost a bet. We had several HUNDRED people register to bid at the last minute. These were very aggressive collectors. We do not need to have 30,000 people register and only 5 bid. LRCA reaches the right buyers! Again, we did not expect the strong prices realized.
The market is alive-even with the massive ANA Sales coming up. How crazy will those be? We now think they will be off the charts in prices realized too.
The key to realizing strong profits (like the Unforgettable Commems): BUY THE BEST QUALITY YOU CAN AFFORD AND HOLD. It really is that simple. Biggest problem: most people do NOT buy the best quality and they certainly do NOT hold.
LEGEND BUYS THE LIFETIME ACHEIVEMENT COLLECTION
We had been working on buying this collection for a while. We outright purchased this collection for several million dollars! We are very happy to say this long-time collector made some money! His coins have been off the market over a decade.
There is everything from a Large Cents to MS Better Saints. This for sure is one of the biggest collections we have owned in years. The collector worked on some interesting sets for sure! He had a great eye too. Congrats to the collector for building such a great collection-it was a Lifetime Achievement!
We expect to be offering the coins through the month of August. Talk about NEWPS!!!!! We will FINALLY have a whole big group. Currently the coins are at CAC for beaning.
We had more than 7 NEWPS. We got hit on a few $10 Indians we had. At least we have a very quality oriented group left. The highlight for sure is the 25C 1930-S PCGS MS67+ FH CAC. The coin is phenomenal! It looks as fresh and frosty as the day it left the bank. And it’s not priced crazy either.
There is also the $5 1818 PCGS AU55 CAC Harry Bass coin. A GEM Original AU piece.
We hope to have a small group of late date Walkers posted next week from the Lifetime Achievement Collection.
FINAL CALL FOR COINS FOR ANA! Final call for auction representation too.
LEGEND RARE COIN AUCTIONS
We are exhausted! Our Regency Auction 53 was a spectacular success. We already know our Regency Auction 54 which includes The Perfection Bust Half Collection will realize epic prices! Be prepared. These coins are so wild that if a coin is estimated at $15,000.00, we think bidding will go to $25,000.00 hammer and beyond very easily! When you see the coins at ANA you’ll agree.
We expect to have the September sale posted in a week or so. Stay tuned.
If you have coins to consign, contact the best staff in the auction biz. We want your collection!
IF YOU HAVE ANY QUESTIONS, OR WISH TO ORDER, EMAIL US: firstname.lastname@example.org. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL 9 AM TUESDAY