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|Posted: September 15, 2013 11:11 PM CST|
BUILDING A GREAT COLLECTION
WHAT IS A GREAT COLLECTION?
To us at Legend, a great collection is any collection that makes the owner happy. It can be four 1880-S Dollars in MS64 or it can be the FINEST ever MS Morgan Dollar set. MONEY does NOT enter into that definition.
We want people to know how we think when we work on these incredible sets. At Legend we LIVE to build great collections, no matter what size or dollar value! When we've identified a passionate collector who is dedicated to building a great collection, we accept the challange! So many times people have come up to us saying they want to build a great set but either don't have the guts or can't take the effort needed to continue. You have to be really dedicted to achieve top registry honors, or to have a set untouchable in grade and quality when it comes to rare coins.
OUR HISTORY BUILDING THE WORLDS FINEST COLLECTIONS
To start, no current dealer has built as many classic #1 or top 10 collections as Legend has.
Coronet Collection of MS Morgans - #1
Legend Collection of MS Seated Dollars - #1
Legend Colelction of MS Trade Dollars - #1
Legend Collection of PR 3CS Pieces - #1
Simpson PR 2C Collection - #1
Simpson MS 2C Collection - #1
Simpson MS 3CS Collection - #1
Simpson $10 Indian Collection - #1
Simpson $20 Saint Gaudens Collection - #1
Far East Eagle $10 PR Indian Collection - #1
Law Collection Bust Half Dimes - #1
Law Collection MS Seated Half Dimes - #1
Law Collection MS Barber Dimes - #1
Legend Collection Peace Dollars - #5
AMG Collection PR Barber 10C - #7
Texas Trimes PR 3CS - #2
There are many more sets we simply can't remember, plus we have multiple great sets under construction. It is our policy not to post any set that is not complete for the collector's protection. Later this year we will post some amazing new sets that no one had a clue we were building.
As you can see from the few sets listed above, we certainly have expertise to discuss set building.
FINDING A SOULMATE
When we are exclusively involved in building a collection our customers get unparalled access to the numismatic world though us. We're a 24/7 hotline for them. Plus, we basically become their partners in the endevor. Loyalty is super critical both ways. In the end, its our work (refering to the quality of the coins) that people will see.
Working soley one on one is the safest, fastest, and possibly easiest way to build a great collection we have found. Legend has superior contacts who know we are not going to quibble with every purchase. We WANT to be offered the best coins for our sets. We're in the loop so we also know pretty much who has what. Also, by working one on one, you don't have your Want List being shopped everywhere. You don't bid against yourself. Plus, in the rare instance where we miss a coin, we've had the collector tell us where to go get it. Its like we cover each others backs. None of our customers have ever felt like they missed any "fun" while building their collections.
FACT: We are also different from most dealers in the respect we really know how to grade. When Legend builds a set (as PCGS and CAC will tell you) its NOT about the plastic. John Albanese just paid us the ultimate compliment for our recently listed #1 Coronet MS Morgan Collection: "crack those coins out and put them in Capital holders and they will still sell for more than any others". Sadly, in the Morgan Dollar field today, its littered with wannabes and guys who can't grade raw coins period. We knew it would not have been hard to top any active set that is being built today. Incompetent dealers are scared to step up pay what it takes to buy the real coins. So they buy cheap inferior coins and hope for the best. Our biggest problem building the Coronet Morgan set was wadding through all the crap in holders. As you can see, the end collection is totally superior quality and one that will stand as #1 for many years!
Working one on one also allows great deep freindships too develop. We enjoy nothing more then dining with our customers, golfing with them, having them call up late at night all excited about their collections, etc. The loyalty and the bond forged are tremendous. We've always been there to help. We believe we have not done our job unless the collector is happy and has the potential to make money. That is also why we have had such loyal long time customers (some as many as 27 years)!
THE MONEY ASPECT
We've taken a lot of ridiculous BS on chatrooms when it comes to what it really takes to build a great collection. Yes, money IS a big part-but it is not even close to being the ONLY part. It is a myth that the Simpsons of the world just open their checkbooks and spend whatever. NOT true at all. In fact when you build the big time collections for people like that you most of the time get offered the WORST deals possible. Having money does NOT insure you access to the BEST coins all the time. Especially with the big boys, we find more of our time is acting to protect them then anything else. We do firecely protect ALL of our customers.
If your not a Simpson, then you have work on a collection one coin at time-and usually within a budget. Most of the time when that one coin comes up-its at the very wrong time! You have no idea how many times we have had to "float" collectors. We will NEVER let anyone lose a coin that is perfect for their set.
We treat every collector with respect for their project and their financial ablities. Most of our customers come no where near the Simpson level of spending. In fact most seem to push themselves a little beyond their means. We make sure every coin we buy is of true value (goes back to knowing how to grade) and is not an excessive premium. Hard to believe but we'd say the majority of collectors do very much put OVER 50% of their net worth into their collections. We've worked with many collectors when they bought their first expensive coin (for some its $10,000.00, others it can be over $500,000.00, while for a few its that lofty $1,000,000.00 barrier). We know how scarey it can be for them-and we are 100% there for them (we also stand by every coin we sell). To date, Legend can honestly claim that every collector we built a really great set for has NEVER lost money!
Even when the collector is done, we're not! As with the cases of most sets we have built, we help get them regraded, imaged, pedigreed, and depending on what the customer wants-sometimes Registered. WE LOVE TO DISPLAY GREAT SETS TOO!
If the Coronet Morgan Collector wanted to sell today, we have a real buyer for his entire set! We don't like seeing our dream collections dismantled either. Yet another perk of working one on one with us!
There are so many intangibles that go with working solo with a dealer like us. In the end, its the greatness of the collection assembled that proves everything out.
This is pretty much how we build and how are continuning to build some of the greatest collections ever. We thrive on the challenges in front of us. We never forget, its all about the collector who hired us. Had to dispell some ridiculous comments we saw.
Any questions or comments please feel free to email me: firstname.lastname@example.org
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