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MID SEPTEMBER REPORT
09/13/2014
THE LONG BEACH SHOW
09/06/2014
LEGEND HAS MOVED!
08/30/2014
LATE AUGUST
08/23/2014
THE WEEK AFTER ANA
08/16/2014
THE 2014 ANA SHOW
08/09/2014
THE ANA PRE SHOW
08/03/2014
3 MAJOR ANNOUNCEMENTS!
07/25/2014
THE PCGS JULY 2014 INVITATIONAL!
07/19/2014
SUMMER FUN SHOW
07/12/2014




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Posted: September 13, 2014 8:30 PM CST

Legend Numismatics Market report


MID SEPTEMBER REPORT


WHAT A DIFFERENCE A WEEK MAKES

As we discussed last week, we had a very good Long Beach Show when all the numbers were added up. We absolutely did NOT expect that. This past week, we had a blockbuster week-which we also did not expect. We did THREE six figure deals (two were purchases straight off our web site). We also bought and sold a few very cool coins that never made the web site like a cherry $1 1877 PCGS PR65 DCameo CAC and a $10 1899 PCGS PR66DCameo CAC (a coin very much in demand as there is no bigger PR gold to be found anywhere).  Plus, to start the week, we had an unexpected awesome deal of Type coins come in. Some are FINEST knowns and some have killer colors. These are all coins that have been off the market for at least 11-15 years. We expect to have a bunch of these coins in our offering next week. We did place some of these with the collector. This is why its so important to have a good long term relationship with a good dealer-this collector is profiting handsomely from it! 

Collectors are buying soup to nuts from us. Seems several were hard at work on long time projects. Our top 10 buyers though-bought NOTHING. Still can't find coins for them-and every one of them is an active and aggressive buyer! Yet again, we must stress we need coins for our Want Lists. Being offered generic gold or PR66 3CN are not what we are seeking. 

Fortunately no one called to buy to speculate. Seemed solid that the collectors Legend deals with are coming out of their summer hibernaitions a week or two early. It was almost like someone threw a swtich and the lights are now on. What a difference between this past week and the week before! 

THE MARKET

Its still a buyers market. Again, if a coin is fresh, quality orieinted, and has great eye appeal you still will be paying a substantial premium. There always is a huge lull right after the ANA Show. This year the lull actually started in June when most people realized nothing dramatic was going to appear until the Gardner/Newman coins in the fall. Most players sat on the sidelines. It does seem now they are awakening and are as hungry as ever. 

Coins valued at $1,000.00-$750,000.00 are still selling strong. Just watch what the $1 1893S Eliasberg PCGSMS65 CAC that is in our Oct 2nd sale will do. We KNOW there will be a record breaking price obtained! That coin should easily be in the $750,000.00 range. We assure you, we have cleared multiple collectors to bid on it. 

This is NOT a market to be afraid of. Its simply a selective market that you MUST buy carefully in. Our motto: "there is no substution for quality" means everything! 

NEWPS

As promised, over the next 2-3 weeks Legend will be offering some fo the VERY best coins available anywhere. No other firm can come close to the freshness, quality, or eye appeal if these spectacular coins. This week we will be posting about 30 coins worth well in excessof $600,000.00. 

PROOF THREE CENT SILVERS

As promised this week we are releasing an extensive offering of GEM Proof 3CS pieces. It should be noted that the President of Legend owns the #1 all time finest set, while Legend has assembled the sets #2-#4 as well (not all are posted on a registry just yet). NO ONE has done as much with MS (Legend has built the #1 all time finest ever-never to be matched) or PR 3CS sets. 

We chose this series because the coins are so different, the set is absolutely completeable, and the denomination is obsolete.The prices also seem (to us) still be very reasopnable. Sure some people do not like smaller coins, however we have found there are far more who do. We know of 3 other Choice to GEM PR sets that exist we did not help build. 

If you wish to build a PR64 or better set, contact us. We'd love to work with you! 

PHENOMENAL NEWPS

We're also offering a group of MS Seated Dollars that are totally original. The highlight of the offering is the exceedingly rare $1 1859S PCGS MS64+ CAC (ex NGC MS65). Thats one coin we never had for the Legend set (the #1 all time finest ever assembled). We purchased the coin direct from the collector who owned it for many years. 

Another highlight: The FINEST 10C 1861S PCGS MS66 CAC. A real wow coin! This would be a star in any Civil War or SUPERB GEM 10C set. 

Last, we have an exceedingly rare $10 1912S PCGS MS65 CAC. Do not be fooled onthis date, With a CAC bean, they are very rare! 

Next week, we'll have a few out of this world Bust Dollars and even crazier wild Type! 

LEGEND RARE COIN AUCTIONS

October 2nd is not that far away! Register now to bid. We already have many substantial bids on the books. If you are a color dollar lover, you already know the Simpson/Sunnywood Collection is the set of a lifetime. You really do want coins from it. The 1881S PCGS MS68+ (which will sell for a world record price) is universally acknowldged to be possibly the FINEST colored Morgan EVER! There are also 100+ lots of other handpicked rarities in the sale too. 

If you have any questions, please contact Julie Abrams at: julie@legendauctions.com. 

Yes, you can bid on the internet now, bid live on the internet durning the sale, attend the sale, leave a proxy bid to be executed, or phone bid. 

To see the sale, visit: www.legendauctions.com

IF YOU SEE A COIN YOU WISH TO ORDER OR HAVE QUESTIONS, PLEASE EMAIL US. WE DO NOT CHECK FOR PHONE MESSAGES UNTIL 9 AM MONDAY. EMAIL: legend@legendcoin.com

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