FINAL OFFERING OF 2014
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.
DECEMBER SALES TO DATE
We definately can't say this is a dead or weak December. Our sales to collectors are far stronger then we anticpated for both the week and the month. Plus, this past week (they seem to come in bunches) we picked up a few new customers. We attribute this to our inventory of true high quality coins and the fact that demand has never faultered on those coins. There is more opportunity out there now to be taken advantage of, then in the past few years. The only thing we do not forsee happening for us this month, a big deal. Typically in Decembers we do huge deals. This year, NADA. Even though it seems like the world is selling-in reality it is just a few big collections being sold at this time for health/estate planning reasons. Out on the bourse floor, its as dry as ever.
We will be doing a full year end Market Report in 2 weeks.
We will be lot viewing the FUN Sale on the 19th. All representation is on a first come first serve basis. Unlike other firms, we are live in the auction room executing the bids. Plus as many of you know, we are picky, and there is a strong changce we may tell you the coin is not right for you (sometimes your best buy is no buy). Do not wait to discuss representation with us-we do fill up fast! Contact Laura Sperber direct by email lsperber1Hotmail.com, or call at 732-935-1795.
Yes, the principals of Legend are eternal gold bugs (as well as being secret copper weenies). So what we comment about gold will be more postive then negative.
We put out a mini email offering some generic gold-and it pretty much sold out within hours. From our point of view it look like the price of gold has met ts resistence point. The demand for gold-especially generic gold is strong. People seem very comfortable at the new levels.
There certainly are no gluts of gold out there. We have sightUNSEEN WHOLESALE BIDS for about 10 CAC gold coins and NONE of our bids are being hit (we spoke to another major player of CAC Gold and they had NO hits as well). The myth that if you buy a generic and it does not matter how drecky it is does NOT seem to be holding up. The demand we see is for CAC beaned pieces.
We still highly recommend Type sets of Gold. Its a excellent diversified way to sock some quality pieces away. The writing is on the wall for the price of gold to make a comeback-its just a matter of time. Why pass up ridicous deals liek $2.5 Indians PCGS MS65 CAC for $2,850.00 , $5 Indians in GEM for $14-$15,000.00, or $10 Indians 1932 PCGS MS65 for just UNDER $5,000.00. Its not like you can go to show and find any of these frequently-or at all. Plus, these are the types of coins that have taken some of the biggest hits.
AN FYI: Better dates and Early Gold, not only have taken NO hits, but have only increased in demand.
Our gut check feels gold will start to rebound after the holidays. For the past few months, we have witnessed the some of the smartest money on Wall Steet load up with gold for their personal portfolios. While nothing is guaranteed, these guys usually aren't too wrong. All we can tell you is not remain idle while so many semi-generics are so cheap!
THIS IS OUR FINAL POSTING OF NEWPS FOR 2014! We're going to list probably our biggest selection of coins all year. You can call it a soup to nuts offering, we prefer to call it super to insanely wild offerings. Legend will be open through December 24th Noon. After that we will be reachable via email.
The grand highlight has to be the 1C 1810 PCGS MS64BN CAC. PCGS was just cruel to this coin! Don't think too long on it. Next up-an incredible 1C 1793 Wreath Vine and Bars PCGS MS64+ BN. Then we have a MONSTER to challnage all MONSTER 3CS 1863 PCGS MS 67+ CAC, and then we have the out of this world killer colored 25C 1904O PCGS MS67+ CAC. We assure you, NO other dealer has fresh,REAL high quality, and gorgeous NEWPS like we are offering! ALL coins we offer to collectors are CAC.
We'd like to also point out, Legend handles a HUGE amount of coins in the $1,000.00-$4,000.00 range. Because we are so well known for quality and eye appeal, coins in that range sell the fastest. Each week you really have to watch our NEWPS Sundays (as we post them) as these kinds of coins sell immediately. Our other problem with coins in that price range-we can't find enough we like. One thing Legend does not and will NEVER do: sell dreck just to make a sale. We'll also pay more to get the BEST coins (even on generic gold). Hence, our prices are based on the coins quality-not excessive mark ups.
Give yourself a gift for the holidays and buy a great coin at todays new prices. We'll work with you if you need some terms. We will not be having a year end sale-but we will deal!!! Call or email us.
LEGEND RARE COIN AUCTIONS
This week is it! Our Regency #10 Sale happens Thursday night at 8 PM EST. You can still bid on line, bid live, phone bid, or proxy bid. Since the team leaves for Las Vegas Tuesday, we suggest you contact them Monday if you can. They will be easily reachable in Las Vegas at 732-233-0719 Tuesday evening and right up until an hour before the sale. You can also email them at any time.
For contact and all other auction information (and to bid) go to: www.legendauctions.com
We expect strong bidding with many price records to be smashed! Good luck to all bidders!
THE FEB REGENCY 11 SALE
We have over 200 lots in house already. The grand highlight is the David Hall Collection of Toned Morgans. In addition to Davids beauties, we also have about 30 other wild toned Morgans as well. Another highlight: The Lydia Collection or Proof Morgans. This is a high powered incredible selection of 13 PR66-PR68 pieces. There is an 1893 PCGSPR67+ DCameo and a 1899 PCGS PR68 toned. ALL Lydia coins are CAC beaned. Last, we have a few coins from the Bear Estate of Type.
We are no on FINAL call for consignments. We need them in our offices by the end of this week. To consign, contact Julie Abrams at: firstname.lastname@example.org.
IF YOU SEE ANY COINS OF INTEREST, WISH TO ORDER, OR HAVE ANY QUESTIONS, PLEASE EMAIL US! We do NOT check our phone messages until Monday at 9 AM: legend@legendcoin. com