MID JUNE 2013 REPORT

GOLD IS STILL THE GAME

We did not have much, but now we are almost fully dry of BETTER gold. You'd think with gold semi-spiraling down collectors would be running away yet they are doing the opposite. We are selling MORE BIGGER BETTER gold coins today, then we did two months ago. Can not pinpoint the exact reasons. We do think the fact there is so little around causes a stir when something does appear.

Last week our first post was a $5 1800 PCGS MS64 CAC piece (list $87,500.00). Within an hour SOLD! Next, we sold the $10 1908 No Motto PCGS MS66 CAC off the web site. In between we sold three MS66 CAC Saints, a $10 1911 PCGS MS65 CAC, a G $1 1885 PCGS PR66 Cameo CAC,  and a $5 1915 PCGS MS65 CAC. Sold the gorgeous Norweb $20 1932 PCGS MS66 CAC (a high six figure coin) to Want List we had for a great set we have been building (it never made the web). And in between all that we sold several other mid ticket BETTER gold coins. Its been impossible for us to keep any serious inventory of coins like that. Its not hype, but we really do expect the few coins we still have to be gone shortly. Collectors are starved for great gold rarities. We know our friends at CAC have not seen ANY to even sticker!

We especially need great gold coins! If you have any 20th century PCGS gold MS65 CAC (only) and higher valued at OVER $15,000.00, please contact us. No one will pay more than we will! Example: badly wanted TWO $10 1911D PCGS MS65 CAC will pay a world record price of $250,000.00 for each so long as they are PCGS CAC ONLY!!! Will pay $90,000.00 for a PCGS MS64 CAC-NO exceptions. These are just two examples, we need a heck of a lot more. Seems all the better gold really is in strong hands!

We did not realize it until Friday afternoon, but we ended the week with really strong sales.

THANKS TO OUR CUSTOMERS WHO CAME THROUGH

For the first time in ages, we had numerous customers sell us some coins. We sincerely appreciate it. More than 1/3 were already sold to some Want Lists. We badly needed some nice, fresh, and rare coins-and our customers came through! THANK YOU! But we need more, MUCH more! Always remember, no one will pay more then us for coins we sold!

This upcoming week we are going to raise a few of our bids on more genricy kinds of coins (like MS67 Morgans PCGS/CAC ). We do need lots of coins-not just better gold.  

Do know we are not just sitting around moaning about the lack of coins. Last week we did make offers worth MILLIONS on several significant collections and even a single classic rarity. We do pay as high as anyone (actually more-the $1 1794 should have proved it), sometimes getting people to sell is the hard part (its not always about money). Take our word on it, great coins are still cheap today!

THE BALTIMORE SHOW

We will be at our regular table 555. Stop by and say hi, bring us coins, or come and check out our inventory. NEWPS from the show will be posted as usual LATE Sunday night. We do not expect this show to be very active, but dealers like us do need coins-so you never know!

LM AUCTIONS WILL HAVE ALL THE COINS FROM THE JULY 18TH AT THE SHOW FOR LOT VIEWING UNTIL SATURDAY AT NOON.

LM AUCTIONS IS READY!

Want to take a sneak peek? Go to www.legendmorphyauctions.com to see a listing in lot order of all the coins in our upcoming July 18th sale. We had hoped to have the lots open for bidding last week, of course technical issues arose. We now have a target of no later than Wednsday. A email will be sent when the coins are live.

No question this is our biggest and BEST sale yet. The vast majority of the sale is fresh and are NOT dealer retreads! We won't compete against our custoemrs, but there are some coins in the sale that make us drool!

Please feel free to ask us any questions. We are not going to make things up about a coin to hook you into buying it. Best of all, you can use our world class auction representation for FREE when you bid in an LM Sale!!

Come ot Las Vegas an bid, bid live in line, or bid via phone. There are so many ways to participate! We're NOT your typical 5000+ lot phone book sale!

If you have any questions or comments, please email us at legend@legendcoin.com. Or if you wish to place an order over the weekend, please email us as we do NOT check for phone messages until Monday.