PRE LONG BEACH
THIS REPORT IS BASED UPON THE OBVSERVATIONS OF LEGEND NUMISMATICS. OTHERS WILL HAVE DIFFERENT EXPEIRENCESAND OPINIONS. OUR MARKET IS THE TOP 5% OF QUALITY AND THE GREATEST RARITIES.
NOT SO BAD
The FUN Show may have simply been a bad dream for us. Since we have been back we have been humming along with no disruptions. Can not say we are selling like crazy, but Legend is definately selling coins. The prices have averaged $1,000.00 to $50,000.00 since we have been back from FUN.
We think our sales are doing well because of the material we handle and the fact people are looking to gold again.
After a phone book size sale of stuff at FUN, the buyers who want the very best have been finding practically nothing sexy or fresh on the market with most dealers. Since we pay realistic prices to get the very best, we have more superb quality then the average dealer to offer. Thus, our sales have been fine. Our market certainly is not about dreck or pop 1 coins that should NOT be in a holder. Legend strives to deal in the real top 5% of quality. Those types of buyers clearly see strong opportunities.
Early Type coins (Pree 1800) clearly lead the way in sales for us. Wild PR Type is next. We wish we could find more PCGS MS67 CAC W/Motto $20 gold. We could sell DOZENS of those pieces. Plus, we still have our HUGE Want lists (well in excess of $20 million) -which range from a H.10 1866 PCGS PR66+ w/color to a $5 1862 PR65 or better or a 1927S $20 PCGS MS65 CAC or finer (please someone offer us one-MUST be CAC though).
We think Long Beach will be another "soft"show. Not because of the show itself, the market, or a smaller auction with few fresh highlights. They are predicting bad weather back East so we think that group of deslers probably won't try really hard to do the show (we know of 2 major dealers who have cancelled already). However, if gold keeps rising, there could possibly be a very strong turn out by collectors. Plus the Pogue Collection will be on display-WOW, if you can, its must see!
We're already out West (this is being written from the Westin in Costa Mesa CA). Found some really neat NEWPS already that zre being shipped home to be prepared for posting in a week.
Always remember our motto: "there is no substution for quality". In this market, quality certainly DOES matter.
We have spoken to many "ïn the know" financial people. Very mixed opnions on gold. Regardless, it is unusual that with many commodities falling, the past few weeks gold has gone up. Sure there has been some minor expected profit taking this past week, but no one seems to know if this run is the start of a rally or minor spike due to world turmoil.
As many of you know, we are gold nuts. In the end, people see gold as a safe haven-something that just does not ever change. We think the run up with be another 5-10% before it flattens. Collectors certainly do want generics again and several are looking for better gold (rarities). The amount of cheap low end generics is shrinking as people are scooping them up at very small remiums. Even nicer CAC gold simply can't be found as demand well exceeds supply.
Buy what you can now. We believe the prices of gold coins won't be cheap forever! You won't find a better time to start a Gold Type set or collection. A VERY overlooked and completeable set rigt now: $2.5 Indians MS64-65.
WOW do we have a killer group of NEWPS in Round III from FUN. The main highlight is the fantastic Lafayette Dollar PCGS MS67 CAC. Legend has now handled and owned 3 of the 5 total graded. We also have several jaw dropping incredible high grade toned Commems in our NEWPs that are now posted. Legend would LOVE to build some great gorgeously toned Commem sets. Would you like to work with the best in the biz at building great collections? Email or call us.
For bettter gold lovers, we have an outstanding example of an extremely rare 1876 $10-PCGS AU58 CAC! There is only a single MS piece graded (the Hall/Simpson coin) by PCGS after 29 years of operations. Thats a powerful rarity! You could offer us $100,000.00 and at most, only ONE other coin could ever pop up. This piece will be a highlight of any great $0 Lib set!
We think you will find many great coins offered that will be fabulous fits into your collections! If you don't see anything of your liking this week, check back next week. Oh will we have some wicked cool coins!
LEGEND RARE COIN AUCTIONS
Our Regency 11 Sale is NOW LIVE!! www.legendauctions.com. The auction has started! Its 352 handpicked lots. Sometimes, smaller IS better!
If you have any questions or are having touble logging in, please email or call Julie Abrams: firstname.lastname@example.org
The sale closes Feb 19th with a live sale at the Las Vegas PCGS Invitational at 8 PM Est.
You don't want to miss this great sale!
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER, PLEASE EMAIL US. WE DO NOT CHECK FOR MESSAGES UNTIL 9 AM MONDAY: email@example.com