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|Posted: August 23, 2014 6:56 PM CST|
WHAT IS WRITTEN IN THIS REPORT ARE THE OBSERVATIONS AND EXPERIENCES FROM THE VIEW POINT OF LEGENDS MARKET. WE BUY AND SELL THE TOP 5% OF QUALITY. OTHERS WILL HAVE DIFFERENT MARKET VIEW POINTS AND EXPERIENCES.
THE DOG DAYS OF SUMMER
Yes, the dog days of summer have finally hit the coin business. This should be no surprise as this does happen every year at this time. Post ANA exhaustion, families on those last minute vacations before sending kids off to school, and time to digest the ANA show/auction all those purchases. We are seeing a very quiet time right now. We do NOT expect anything major to happen until Long Beach. Even then we are not expecting any mad bull rush. Talk to us in the beginning of October, thats when we expect the coin market to return to its booming ways. Until then, it will be pretty much a buyers market until the beginning of October-for anything less then the VERY BEST coins (which always have a huge demand).
Last week we sent one team member the PCGS Las Vegas Invitational. As expected, it was the weakest attended all year. However, as usual too, everyone there wanted and did business. Our secret "stealth" seller sold a fair amount. PCGS apparently was tight (a good thing) so many dealers were grumbling and that probably caused some business to be with held.
Our business back at the office was strong. We sold several coins on Want Lists (we do not ever have to post any coins anywhere if we could just find 1/4 of what is on our list). We also had several strong web orders. An FYI for those of you who silently adore Patterns but are afraid to buy: We had 4 serious buyers for the J-212 1858 1C-none of whom had ever bought a Pattern before. That coin was just a"right" fit with the "right" numbers to any collection.
Last week we were discussing the fact a rare Ferrari brought nearly $38 million at auction. This week we have been following a Action 1 Comic Book (CGC graded) thats selling on Ebay of all places. Last we heard it was at $2,191,000.00 (as of 8/23 10 PM EST)! Lots of eager BIG money still out there for the "right" items!
LEGEND IS MOVING-OFFICES CLOSE WED-LABOR DAY
We're movin on up to the deluxe...We're really just moving our offices upstairs in our building. If any of you have ever done any kind of move, syncronizing everyone is nearly impossible. Because of that we expect to have our offices CLOSED Wed-Labor Day. Do know we will be live on emails and the web.
We are not out of coins. Due to our moving, we had limit how much new business we could take on this upcoming week. So we picked EIGHT super coins to post. The lead coin has to be the 1C 1864L PCGS PR65BN CAC. WOW, what a totally ORIGINAL screamer! The 1C 1909 Lincoln PCGS PR67 CAC is right behind it.
A suggestion, check out our regular inventory. If you see coins we have had posted from BEFORE ANA, NOW through MONDAY will be your BEST shot at making a really good deal on them (sorry no trades at this time). Its kinda a mini moving sale. Email (over the weekend) or call us Monday.
LEGEND RARE COIN AUCTIONS
THE ENTIRE OCTOBER AUCTION WILL BE ON DISPLAY AT OUR TABLE 732 AT THE LONG EBACH SHOW!
We're all set for our October 2nd Regency Sale. There are 255 remarkable lots. Of course the Highlight of the entire sale: the Sunnywood Simpson Collection of colored Morgans.
We expect the sale to go live around September 3rd. Stay tuned for updates.
We are now pleased to tell you a few other hightlights:
1C 1912D PCGS MS66RD CAC
3CS 1861 PCGS PR66+ CA CAC
5C 1883 N/C PCGS PR67+ CAC
H.10 1838O PCGS MS64 CAC
25C 1796 PCGS VF30 CAC
50C 1876 PCGS PR66 CA CAC
$1 1847 PCGS MS65 CAC
$1 1880S PCGS MS68+ CAC
SET 1904 PCGS PR63-65
$5 1902S PCGS MS67 CAC
$10 1914 PCGS MS66 CAC
$20 1907 HR WE PCGS MS66
$2.5 1915S PAN PAC GOLD PCGS MS67 CAC
Neat coins. Keep in mind EVERY coin is vetted by the principals of Legend-we did reject many coins for this sale! This will be our biggest and best sale ever! Contact Julie Abrams to find out more information about bidding in the Oct sale or consigning to our Dec Regency Auction. Julie@legendauctions.
Note: we do have to preapprove all bidders who wish to spend in excess of $50,000.00. We suggest you contact Julie now!
Visit our auction site to see highlights and for more information: www.legendauctions.com
If you have any questions, or wish to order, note we do not check our phone messages until 9 AM Monday. We suggest you email us at: email@example.com
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