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Posted: April 10, 2015 9:27 PM CST

Legend Numismatics Market report


HERE COMES A MARKET UPWARD SWING!


THIS REPORT IS HOW LEGEND NUMISMATICS EXPERIENCES THE MARKET. WE DEAL IN THE TOP 5% OF QUALITY AND RARITY. OTHER DEALERS WILL HAVE DIFFERENT EXPERIENCES
 
A BREAK OUT WEEK

Legend has has a number of substantial sales in the past few days. We'll discuss a major one in the next paragraph. We have had some access to better fresh coins (fresh is a coin that has been off the market for several years) and we have been able to sell a lot-an aweful lot of coins. Prices ranged from $750.00 to $240,000.00. Included have been wild common date MS67 Morgans to a rare copper H.01 1794 PCGS MS 65BN CAC.  We've been able to take advantage of some folks postioning for Pogue. Others recognize Pogue is out of reach and are thrilled to see certain duplicates come back on the market. If April ended today, our sales already have exceeded $5 million dollars-an all time record (the $20 1927D was last month, NOT April)! We have a lot more sales lined up with much more time to do even more! Plus, we have HUGE representation for a few of the bigger coins in the upcoming CSNS Sale (if you need representation-call us now, we have looked). 

LEGEND BREAKS UP THE MULTI MILLION DOLLAR HALL/SIMPSON $10 LIBERTY SET

No, Bob Simpson is NOT dumping or selling out. He is repostioning. This is the last of his major "house keeping" sales. The value of this set exceeded $5 million dollars. We assure you, you will be seeing him attempt to be one of the most dominate buyers in the upcoming Pogue and other big auctions (plus everything else he buys direct from us). What he has been selling are not even 10% of his total numismatic holdings (he has coins that would make Pogue blush-really)! So why sell a #1 set then? 

For some this maybe hard to believe: Mr Simpson loves gold. Loves high grade rare gold especially. When we were offfered the set by David Hall, Simspon figured it would be pretty cool. However, he tried hard for a few years to understand and like the early part of the set which was circs (AU, etc). Recently he looked us right in the eye and said, "if this set was all MS64 and higher I'd like it". We knew that could not happen no matter how hard we tried. That was the signal to find a buyer. He did keep the two MS68 pieces (one for his amazing Type set). 

Another part of why this monster set was broken up-there is a new complete set created that now blows the Hall/Simpson set out of the water. We happened to know a collector who had a huge passion for $10 Libs and pretty much owned all the other rarities Simpson/Hall could have used. Mr Simpson does not like his coins being wholesaled. So with a major buyer lined up to give a substantial portion of the rarities a great home, we got the ok to sell. The new set is very private and will not be registered (as far as we know). We congratulate the that sets owner and we appreciated his agents assistance. 

No, not all the great coins were sold from the Hall/Simpson set. So, if you collect $10 Liberties you should send us a "Want List". Over the next two weeks we will be posting The CAC beaned pieces.  

To see images and the list of what was in the set got to the PCGS Registy: http://www.pcgs.com/SETREGISTRY/alltimeset.aspx?s=129722 

A GREAT TIME IS NOW TO BUY THE VERY BEST COINS

Right now is no different then back in 1995-2000 when you had many great collections being sold: Pittman, Eliasberg, Norweb, Thain Price, etc. Its the end of a cycle for some while being the beginning of a new time period for others. 

Smart collectors should not panic about Pouge, Gardner, and even our Coronet Morgan Collection being sold. All of the owners of these great sets have enjoyed a lifetime of building and being caretakers for tremendous treasures. Now as they are all in their golden years, they recognize its time to let others take on being the new "time keepers'. The coins that will come on the market place over the next 2 years are mind boggling. 

Sure, Pogue being announced on the heels of Gardner froze the upper end of the market for while. A initially lot of collectors panicked. Now, collectors are more relaxed and see all the great opportunities that are there. Plus, its not like its 2008 when competition was at the peak. We were a little taken back that the real activities are only happening closer to the sales, but they are now starting to happen. For the last 2-3 years the coinmarket was dry as allhellof fresh coins. Now, we're starting to see some re-enter the playing fied-and at fairly favorable prices. 

That last cycle (back in 1995-2000) also spawned many NEW power collectors. We do see a little of that trend starting to happen today. We think as the coins are sold, more newbies will pop up. Its hard for them to get excited about a GEM PR Morgan when they are being treated to sensational coins like the FINEST 1804 $1.00 or an MS66 $10 1795! There will be a trickle down effect-it did happen in 1995-2000. 

We do predict that after the upcoming CSNS Show and the first Pogue Sale you will see what fresh top notch rarities still mean to the marketplace. We can see a major up turn in the upper end of the market that will last through the rest of the year (so long as there are coins to feed the demand). This also will hold the same in other lesser valeuable areas as well. Its all about consumer confidence then supply and demand. 

NEWPS

As we mentioned we will be posting about 17 coins from the Hall/Simpson $10 Liberty Gold set-formerly the #1 set on the PCGS Registry for Round I. All we can saw is WOWZER! These are spectaular coins and are unlike most of the marginal coins you will see ever on a bourse floor. Highlights of this group include: $10 1851O PCGS MS62 CAC, $10 1862 PCGS AU58, and a jaw dropping $10 1906 PCGS MS67 CAC. Again, if you collect $10 Liberties, send us your Want List. We have another big group of PCGS CAC pieces, but we probably have 40 PCGS NO CAC rarer dates too (the NON CAC's will be posted in a week or so). Remember, David Hall and Legend/Simpson did all the hard work and found these tremendous coins for you to pick from! 

We have other awesome coins too that will be posted. Our favorite highlights; $1 Morgan 1882 PCGS PR67 Cameo-a black and white MONSTER! Two other rarities: H.01 1848 PCGS PR65RB CAC Original Ex Missouri Cabinet (and ONLY 10-15 Minted), and a H.10 1803 PCGS AU58 CAC Large 8. Both are very classic rarities in great condition. Of course we did our best to include coins for all tastes and budgets. 

ALL NEWPS should be posted by late Sunday night. Check back often! 

LEGEND RARE COIN AUCTIONS

Consignment deadline for the upcoming June sale is approaching fast. We have some incredible FRESH coins in house already with many more awesome coins due in (we won't let the cat out of the bag until the coins are in house). A new highlight which will please many VAM Morgan collectors-the FINEST $1899O Mirco O PCGS MS66. We got another bunch of MONSTER Rainbow toned Morgans. Note: We are VERY picky on when we call a toner a "monster". Here is something really neat: 25C 1824/2 PCGS AU55 CAC-WOW! 

If you wish to consign, call or email Julie Abrams NOW: julie@legendauctions.com. The sooner we can work with your coins, the more exposure they will get! Minimum per lot $2,000.00, minimum consignment $5,000.00. 

We hope to be adding a few more highlight images this week. 

As promised, our June Auction will be a blockbuster refreshing sale! 

IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER A COIN, EMAIL US. WE WILL NOT CHECK FOR PHONE MESSAGES UNTIL 9 AM MONDAY www.legendcoin.com

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