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THE PCGS JULY 2014 INVITATIONAL!
07/19/2014
SUMMER FUN SHOW
07/12/2014
THE FIRST WEEK OF JULY
07/04/2014
THE GARDNER SALE+BALTIMORE SHOW
06/27/2014
THE WEEK OF GARDNER AND BALTIMORE
06/22/2014
THERE WILL BE MORE LIFE IN THE MARKET!
06/14/2014
THE JUNE LONG BEACH SHOW
06/07/2014
LEGEND IS BUYING!
05/31/2014
MAY PCGS INVITATIONAL
05/24/2014
A HOT MAY
05/17/2014




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Posted: July 19, 2014 09:37 AM CST

Legend Numismatics Market report


THE PCGS JULY 2014 INVITATIONAL!


ACTIVITY WAS UNEXPECTED

We figured with all the auctions happening, it was smack in the middle of July, and the fact we did not put many NEWPS up last week that our activity would be slow-NOT! Sales off the web site were moderate, but sales to Want List customers and others who are building incredible collections with us were SUPER strong. We can mention we placed the H.01 1794 PCGS MS65BN CAC and the 1C 1794 PCGS MS66BN CAC in a great collection being formed. We did also place two other six figure coins in other sets as well (sorry can't mention the coins). Even a few "old friends" sold for what we were asking. For the middle of July activity like that is unheard of! 

Our market (the top 5% of coins graded) never died-we just needed to find coins. With Gardner selling and others shifting around what they have, some coins are finally coming to the market. Its allowing us to have a business again. Since 2009 all we could do is wonder where our next coin would come from. Collectors were always around-but with no coins to buy they stayed in the backround until a major sale (like Newman or Gardner) happened. 

So far, from what we have seen in the upcoming ANA Sales, yet again there is a lot of stuff. In our opinion, TRUE quality pieces make up only 10-20% of what is being offered in the sales. Do understand, because a coin could be from the 1700's and is a pop 1 does not mean it is a great quality coin. Maybe it is a 1/2 point overgraded, maybe it has been lightly wiped, or maybe it is plain old ugly! Thats why you WILL have significant price ranges for a grade. You really need to use a dealer-a good dealer when trying to navigate the maze of mateial in these phone book size sales. Even though many coins may look sexy, they may actually be dogs! 

We still believe the few people who freaked and put their coins in auction after hearing the Pouge announcment made a HUGE mistake. What will be interesting will be if their coins will be reserved. We can't imagine people putting up expensive six figure coins and letting them start at something ridiculous like $1-as most of the coins are NOT fresh having been purchased within the last year to three years. Overall, it will be very interesting to watch. There is no real "buzz' from dealers about the sales which we find unusual. 

LEGEND WILL BE LOT VIEWING HERITAGE MONDAY-WEDNSDAY THIS WEEK.

NEWPS

As we said before, we are finding a neat coin or two again. Understand, we are extremely picky which is why our offerings have been decreasing the last few years. We will NEVER sacrifice quality for sales. EVERY coin in this offering has been vetted by BOTH principals of Legend. Yes, we have rejected putting coins up if one of us disagrees with the quality. 

This weeks highlights include; 10C 1874 W/A PCGS PR67 CAC, 25C 1890 PCGS PR68 CAC w/really pretty color, A MONSTER TONED LAFAYETTE DOLLAR PCGS MS65+, A MONSTER TONED J-1212 1872 PCGS PR66 CAC to name just a few great coins.  

Another coin we will mention as a highlight (yes a highlight) is an 10C 1907O PCGS MS65 CAC. Pop 18. We just can't get over how STUPID CHEAP these are. Keep in mind, this coin is a totally ORIGINAL GEM, has pretty moderate original toning, its 107 years old, and is from an obsolete Mint. You'd think it would be worth thousands (wait until you see the price). MS Seated and Barber coins sure look like really GREAT buys right now. 

LEGEND RARE COIN AUCTIONS

THE REGENCY VIII SALE BROUGHT $2,259,072.00 (total)

The entire staff of Legend Rare Coin auctions wishes to thank EVERYONE who participated in our Regency 8 sale. Of course it was one for the record books!  We had hundreds of bidders as well as hundreds of great underbidders. Thousands of people checked out the LRCA web site while the coins were posted as well. Over 85% of the buying was done by collectors-NOT dealers! As you will see with some highlights listed below, Legend Rare Coin Auctions has as strong of a customer base as ANY auction company. 

HIGHLIGHTS INCLUDED:

5C  1936 TY I PCG SPR67  ************************$4,817.50

10C  1837 NS PCGS PR64 CAC **********************$20,562.50

10C  1860 PCGS PR68 CAMEO CAC ******************$18,212.50

10C  1891 PCGS PR67+ CAMEO CAC *****************$8,812.50 

$1   1891CC PCGS MS65+ CAC *********************$8,518.75

$1   1928 PCGS MS65 *****************************$6,462.50

SET  1856 1C-$1 NGC PR65-PR68 CA ****************$499,375.00

SET  1857  1C-$1 NGC PR64-PR67 ******************$217,375.00 

$3   1858 NGC AU55 CAC **************************$5,875.00

50C  MAINE PCGS MS67+ CAC ***********************$17,625.00

25C  J-895 1870 PCGS PR67 CAMEO CAC **************$9,400.00 

Many other coins sold very strong as well. As we mentioned before, this was certainly a sale for the record books! 

Our next sale is Thursday October 2nd at the Las Vegas PCGS Invitational. We're working on some monster consignments!  Stop by Legends table at the ANA show to discuss yoru holdings.

If you have any questions please email or call Julie Abrams: julie@legendcoinauctions.com

IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER FROM LEGEND, EMAIL US OVER THE WEEKEND  AT legend@legendcoin.com. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL MONDAY AT 9 AM OTHERWISE! 

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