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Posted: July 25, 2015 07:07 AM CST

Legend Numismatics Market report


END OF JULY REPORT


SlOW BUT STEADY

We can't say this was a great July. To a degree collectors stepped back and relaxed for the summer. There was clearly a spark at the Baltimore Auction, but little else happened. We did no big deals, nor did we hear of any. We are a little surprised that our sales for this July so far are more then all of last years July. Our expectations are for activity to pick up around ANA and last until through the FUN Show.

Suggestions: PR 3CN Nickels are cheap, as are ALL PR Barber Coins in 64 or better. Good time to build some to build sets! 

GOLD

Obvuoisly gold has taken amajor tumble. Being the gold bugs we are we are kinda shocked it fell so hard-but traders do things like that (if it goes up or down its always too fast too hard). There is an interesting offset from the decline. We did get a HUGE order for 500 MS 65 Saints at a certain price. we figured no problem. We were shocked to see the preiums which had been weak all year, are strong and are even moving up. Why? We have heard reports from several major marketers of generic gold that sales for items like MS65 Saints have jump 3X in the past few weeks. plus, there is speculation gold has hit its resistence point at $1,050.00 per ounce. Now we can not fill the order anyway, the supply of MS 65 Saints has dried up. 

We are still bullish on gold. Especially semi-generic items like GEM MS64/65 $5 Indians. Coins like those are down as much as 50% from two years ago. These are many other areas of GEMGeneric gold you can get really good deals on right now. It is our opinion that building a choiceor GEM Type set right now is VERY smart and very well should lead to strong financial rewards. You knwo at some point oil will rebound, there will be some country doing something, and gold will rebound. 

NEWPS

With ANA apporaching in two weeks, we're slowing down a little. We're not gong to post any big NEWPS untul AFTER ANA. This weeks highlights won't make any headlines, but oh, are these coins awesome! Lookie: 1C  1937 PCGS PR66+ CAMEO CAC, 10C 1897 PCGS PR68 CAMEO CAC, $1 1878S PCGS MS67 CAC, 50C 1936 OREGON PCGS MS68 CAC. 

ALL NEWPS RE NOW POSTED! 

THE ANA SHOW

Now is the final call to prepare. If you have coins to consign or sell us, let us know now. Or you can bring them to the show. If you have expanded your Want List-tell us now. 

We have lot viewed the Heritage sale and will be viewing Stacks late this week. If you seek auction representation, please let us know by August 4th-no later. For direct discussion of the auctions please contact Laura Sperber at lsperber1@hotmail.com. 

If you plan on attending the show, you will have to stop by our table not only to say hello, but to see the wonderful display of our inventories we will produce. We'll challange ANY dealer about who will by far have the coolest and rarest coins fro sale at the show. We'll also have the fabulous UNIQUE H.10 1870S on display and the MONSTER 1856 PCGS PR65-67 complete Proof Set. Come on by! 

Legend Numismatics is proud to be a major sponsor of the ANA Show. 

We are also pleased to present another "must see" display, Bob Simspon has graciously given PCGS his world class sets of Stellas (complete and of ALL metals) and 50C 1877 patterns. Bet many collectors have never even seen an 1877 50C pattern in person before. They are incredible! Check them out at the PCGS Table. 

LEGEND RARE COIN AUCTIONS

Whew, we worked ourselves to the bone organizing and now we're producing the catalog and internet features for the sale. Offically we have 356 dynamite lots. We assure you, the overall quality WILL impress you. Unlike other auction houses, we don't accept everything and we won't have 3 examples of the same coin! 

Here are some highights:

H.01  1811 PCGS AU55 CAC
H.01  1831 REV 1836 PR65BN CAC 
1C    1831 PCGS PR64BN CAC
1C    1868 PCGS PR65 RD CAMEO CAC
3CS   1869 PCGS MS67 CAC 
5C    1911 PCGS MS67 
5C    1942 D/D PCGS MS65 FS CAC 
H.10  1855O W/A PCG SMS67+ GOLD CAC
10C   1893O PCGS MS67 CAC
10C   1918D PCGS MS67 FB
10C   191D PCGSMS66FB 
10C   1939D PCGSMS69 FB
25C   1870CC PCGS XF40
25C   1889 PCGS PR68 CAC 
50C   1856S PCGS MS64 CAC
50C   1897 PCGS PR68 CAMEO CAC 
$1     1840 PCGS AU58+ CAC
$1     1885 PCGS MS67+ CAC 
$1     1882 PCGS PR68 CAMEO CAC 
G $1  1885 PCGS PR67 CAMEO CAC 
$2.5   1908 PCGS PR67 
$3     1854D PCGS AU58 CAC
$5     1834 CAPPED BUST CROSSLET 4 PCGS XF45
$5     1870CC PCGS XF40 CAC 
$5     1897S PCGS MS67+ CAC 
$10   THE SIMPSON/HALL COLLECTION OF $10 LIBERTY GOLD
$1     HAWIIAN DOLLAR PCGS MS65 CAC 

Hopefully the list above will wet your appetite. We expect to be releasing a full list at the end of the week. We do have sveral highlights now posted on the web site: www.legendauctions.com.

Last, we're having a spectular sale in October! Space is limited. The grand highlight will be Part II of he Coronet Morgan Collection, the $1 registry set. The coins are out of this world! The record prices in the first session more then proved that. To consign, contact Julie Abrams at julie@legendauctions.com

If you attend the ANA Show,  Legend auctions will be set up with Legend. We will have the entire Sept sale for lot viewing and the entire Coroent Collection (even the 93S PCGS MS67) on display. 

Stop by our table and lets do some business!

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


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