Legend Rare Coin Auctions’ Market Report—May 27,2017

The June Premier Sessions Internet Auction is being finalized and will be posting early next week, and it is a really neat sale. Within its 178 lots, there are two collections being featured in the sale. The first is a totally fresh to the market collection of Indian Head cents. The South West Cent Collection is an old holding, off the market for at least 40 years, and sent through PCGS only one time before being presented in the auction. There are many low pop gem brown grades, some of which have never sold in auction. The other collection are FBL Mint State and proof Franklin halves from JK’s Mirror Collection.  Opportunities abound for the specialist collectors of these two very popular series.  Morgan dollars are also nicely represented with better dates, neat toners, and gem examples. And throughout, hand selected type coins in mint state and proof, and gold coins are presented. All lots will be on view at the upcoming Long Beach Expo.

 

LAST CALL FOR CONSIGNMENTS FOR THE JULY REGENCY AUCTION! We have about 400 lots already in house, so space is filling up, but there is always room for GREAT QUALITY high end collector coins! Be sure to call or email us today to reserve your space and to discuss your holdings.

 

Finally, this Memorial Day weekend we remember those who gave their lives in service to our great country.

Monster Toned Dollars Bring Big Money in Big Easy

Legend Rare Coin Auctions conducted its 21st Regency Auction on the evening of May 18. The sale consisted of 520 hand selected, quality rare coins featuring several important collections. Included among these was Part 2 of the Bob Simpson Collection of Standard Silver Patterns, selections from JK’s Mirror Collection, the Linda Collection of Mint State Trade Dollars, and Part 4 of the Northern Lights Collection. Regency Auction XXI saw decent prices overall, with areas of surprising strength, showing that truly special coins, properly marketed in our boutique venue, will bring “beyond moon money.” Numerous price records fell during the session as numismatists from across the globe competed for their prized new purchases.

Two portions of the sale saw especially heavy bidding. “We were astonished at some of the prices realized for some of the Proof Franklin half dollars from JK’s Mirror Collection,” explained Julie Abrams. “These more modern issues really are not our bailiwick, but lots 288, 295, and 297 brought exceptionally strong prices realized.” (1951 PCGS PR66 DCAM CAC, 1959 PCGS PR67 DCAM, 1961 DDR PCGS PR67) brought $13,512.50, $9,987.50, and $5,757.50 respectively.

“Of course, the other area of strength was in the monster toned Morgan dollars,” declared Laura Sperber, founder of Legend Auctions, “the prices can be divided into two categories, ‘record prices’ and ‘insane, beyond moon money prices!’ Coins in the latter category were:

Lot 338 1879-S PCGS MS67+ CAC ‘SUPER FLY’, which realized $27,025 on a $7,500+ estimate

Lot 344 1881-S PCGS MS66+ CAC ‘KRYPTONITE’, which realized $17,625 on a $4,000+ estimate

Lot 347 1882-S PCGS MS67 CAC ‘WOWSER BOWSER’, which realized $15,275 on a $3,000+ estimate

Lot 348 1882-S PCGS MS67+ CAC ‘HIGH ANXIETY’, which realized $15,862.50 on a $10,000+ estimate

Lot 354 1886 PCGS MS67 CAC ‘OUTRAGEOUS’, which realized $21,737.50 on a $7,000+ estimate.”

Sperber continued, “It does amaze us how extreme the depth of the market is for these amazing works of art. The demand for the simply stupefying amazing toned dollars is just never ending. There really is a parallel between exceptional quality rare coins and other valued collectibles. As we were conducting our sale, Sotheby’s sold a painting by Jean-Michel Basquiat for $110,500,000—the highest price ever paid for a work by an American artist at auction. Collectors, whether they collect high end coins, or high end art, will do fierce battle to acquire the objects of their desires.”

Other strong prices realized include:

Lot 87 $3 1871 J-1167. PCGS PR66 RB CAC, realized $18,212.50

Lot 95 1C 1793 WREATH. LETTERED EDGE. PCGS MS64 BN CAC, realized $293,750

Lot 112 1C 1909-S V.D.B. PCGS MS66+ RD CAC, realized $22,912.50

Lot 133 2C 1870 PCGS PR66+ RD CAM CAC, realized $24,675

Lot 173 10C 1797 16 STARS. PCGS MS62 CAC, realized $31,725

Lot 198 25C 1824/2 PCGS AU55 CAC, realized $25,850

Lot 199 25C 1825/4/3 PCGS MS64 CAC, realized $15,275

Lot 249 50C 1873 NO ARROWS, CLOSED 3. PCGS PR65 DCAM, realized $8,812.50

Lot 438 $1 1927-S PCGS MS65 CAC, realized $15,275

Lot 445 1C-$1 1886 ORIGINAL PROOF SET, PCGS PR66-67, realized $55,812.50

Lot 446 G$1 1849 NO L. PCGS MS66 CAC, realized $15,862.50

Lot 489 $10 1913-S PCGS MS62 CAC, realized $17,037.50

Lot 490 $10 1908 MOTTO. MATTE. PCGS PR67 CAC, realized $146,875 (a record price for the issue!)

“Legend Rare Coin Auctions continues to grow with each sale,” said Greg Cohen, Senior Numismatist, said. “This sale did see a record number of registered bidders participating in the sale, bidding prior to and during the sale online.”

Julie Abrams continued, “our niche spot in the rare coin auction business, as the boutique venue that offers only the finest and freshest, hand selected coins enables bidders to participate with full confidence that they will only be getting the best quality coins for their collections. With the results of Regency Auction XXI, we have proved once again that Legend Rare Coin Auctions is the small auction house that gets big results!”

Legend has a robust auction schedule for the remainder of 2017, including monthly Premier Sessions Internet only auctions and Regency Auctions in July, October, and December. Contact Julie Abrams or Greg Cohen if you would like to discuss consigning. Time and space are limited, so act now. Legend offers the finest customer service, competitive commission and cash advance terms and generous finders fees on qualified consignments. You can reach Julie at julie@legendauctions.com or 845-430-4378 or Greg at greg@legendauctions.com, or 732-935-1168. For more information visit www.legendauctions.com.

Legend Rare Coin Auctions’ Market Report—May 12, 2017

The Regency Auction XXI is a less than a week away! Do not wait to get your bids in! Register today!

The team is leaving for New Orleans on Tuesday morning, so if you need to reach any of us please take note of our onsite auction cell phone number: 732-233-0719. We can help you set up phone bids or assist you with bidding or any questions you might have about coins of interest.

Regardless of what you collect, the current Regency Auction will have something that fits your interests. World class patterns? We have 89 lots, anchored by Bob Simpson’s Standard Silver Collection, Part 2. There are many very rare coins in this series valued under $5,000—we think that they offer a lot of potential for the collector! Do you collect high grade early type coins? From condition census early copper to several extremely rare Capped Bust coins in PROOF to GEM mint state Bust halves, we have coins that will suit any taste, budget, and series. Are the Trade dollars, with their neat history and place in American numismatics your thing? We are selling the Linda Collection of Trade Dollars—a carefully assembled set built over 15 years ago from a long time client of Legend. Morgan dollars a specialty of yours? Part 4 of the Northern Lights Collection is augmented by 71 lots of Morgans including ultra high grades, key dates, and proofs! Gold coins feature a neat group of branch mints and ultra rare proofs. The sale closes with cool group of toned commems. Really something for everyone!

Be prepared! We expect strong bidding across the board. Good luck!

Next week will have our post sale press release posted. Have a great weekend and remember to bid!

Legend Rare Coin Auctions’ Market Report—May 5, 2017

Another busy week here at LRCA. On Monday, we welcomed Serena Myers to our team. She comes to Legend Auctions with many years experience in the auction business and she will be managing our office and work flow. She is a true professional and with her help we will continue to grow and be able to offer even better customer service and increase our ability to offer great coins in our auctions.

The Regency auction is just under two weeks away. If you haven’t already, be sure to take a look at the 520 hand selected lots that will be offered. We had many new bidders pop up this week, and we welcome them to the Legend experience. As always, Don Willis, president of PCGS made a wonderful video preview of the auction, which will be posted to our site for your viewing pleasure. It is always a good way to spend a few minutes watching Don talk about awesome coins!

A reminder—if you need to set up phone bidding or payment terms for your purchases, contact us TODAY. We do want to ensure everyone is able to add great coins to their collections, and we can work with you—you just have to let us know ahead of time.

Upcoming sales:

We have limited space available for the June Premier Session Internet Only Auction. We will be taking consignments for this auction through the PCGS Members Show in New Orleans. It will be posted online around June 8 and will close on June 15. We have a great selection of over 100 coins already consigned, including selections from JK’s Mirror Collection of Franklin and JFK Half Dollars.

Regency Auction XXII, July 13—Las Vegas. This week several great consignments have been coming in. We received a consignment that contains a number of better date and DMPL dollars and a neat group of gold coins (including a vibrant $2.50 1836 PCGS MS64+ CAC and a gorgeous $5 1834 Classic Head in PCGS MS64 CAC). Another collection, a small but powerful group of coins put away by a long time collector of Legend Numismatics will be featured. For a preview, read Laura’s major announcement in her Legend Numismatics market report (will be posted on Saturday May 6). These consignments, together with the final selection of monster toned dollars from the Northern Lights Collection, make a very cool core to the sale. We have limited space available, so be sure to contact either Julie Abrams or Greg Cohen today to include your coins.

Legend Auctions will be expanding its Premier Session program to have a Session every month, including those that have a Regency Auction. In the months where there is a Regency Sale, the Premier Session will close the Sunday after the Regency Sale, having all Premier Sessions coins available for lot viewing alongside the Regency Auction. This will allow us to better serve our clients who have high end coins that do not meet our general threshold for placement in the Regency Auction.

Legend Rare Coin Auctions Market Report—April 28, 2017

Another busy week at LRCA, with Julie, Laura, and Jose attending the CSNS show and Greg and Patrick were back at the office. Bidding in the Regency Auction continued apace with strong bidding coming from a record number of registered bidders. We are really impressed by the attention this auction sale has been attracting– there really is a strong “buzz” about the Regency Auction XXI. At the Central States show, many of our customers came up to our table to comment on how great the selection in the auction is, that it is one of our very best offerings—if not the best! As a bidder you should know that LRCA strives to offer only the best quality rare coins on the market and we pride ourselves on the excellent one-on-one customer service that you cannot get anywhere else! If you see any coins in our sale that you would like to discuss, call or email us and we will give you a fair, unbiased opinion of the coin. We do this because we know, at the end of the day a happy buyer will make for a happy seller in the future.

As always we are actively seeking consignments for our upcoming auctions, including the Premier Session in June and Regency Auction XXII in July. We have several very neat consignments for both events including a collection of Proof Shield nickels and the final offering of monster toned Morgan dollars from the Northern Lights Collection. Whether you have one coin or an entire collection, let our team of world class numismatists market your coins and help you realize top dollar. If you are reading this from the Central States show, head over to the table and talk to Julie Abrams. If not, give us a call at 732-935-1168 or email Julie at Julie@legendauctions.com or Greg at greg@legendauctions.com. We will work with you every step of the way from first conversation until final consignment settlement, and attend to every important detail to help ensure the highest possible prices realized for you!

Legend Rare Coin Auctions Market Report—April 21, 2017

Wow! Within 24 hours of posting the Regency Auction on Tuesday afternoon, we had a record number of people register to bid, and several coins had bids that brought them well within the estimate ranges. We know this sale, with its great mixture of high grade type coins, rare patterns, and stunning rarities will see very active bidding up through the close of the sale in New Orleans on May 18. Only time will tell—but we can tell you that the market seems to have really firmed up in the last few months. With tax time now passed, collectors know how to budget for numismatic purchases. When really neat, fresh coins—like most of the coins in our sale—come around, they know to bid strongly.

This week, we are focusing on highlights from Bob Simpson’s Standard Silver patterns. Looking at these few examples you really get a sense for the beauty and rarity of them. This is the unquestioned FINEST collection of Standard Silvers ever assembled.

Lot 1. 10C 1869 J-701. PCGS PR65+ DCAM CAC

Lot 19. 50C 1869 J-747. PCGS PR66 CAM CAC

Lot 23. 50C 1869 J-756. PCGS PR67 RB

Lot 35. 10C 1870 J-854. PCGS PR66+ CAM CAC

Lot 47. 25C 1870 J-894. PCGS PR68+ CAM CAC

Lot 58. 25C 1870 J-916 PCGS PR67 CAM CAC

Lot 67. 50C 1870 J-951. PCGS PR64 CAM CAC

Look at the auction, pull up these lots, and see how pretty, how rare, and how affordable these are! Lots 1-80 are all Simpson patterns—most of them are valued under $10,000—many under $5,000. Remember that most of these are R-6+ or R-7! Good luck finding a condition census example of a federally issued coin with that kind of rarity!

We will be at the Central States show at table # 1900-1901. We will have the Regency Sale for viewing by request.  We will also be accepting consignments for our upcoming Premier Sessions Internet Sales and July Regency Auction XXII. Remember, Our July Regency Auction is the FINAL auction before the big American Numismatic Association’s World’s Fair of Money, arguably the largest show of the year. We are now open for consignments to that sale. Qualified consignments to that sale will be subject to the following consignment incentive:

Consignors who consign a minimum of $50,000 with 100% sell through (10 coins at $5,000 minimum) will receive full settlement on July 31. This is a full three weeks early—giving you the purchasing power you may need at the ANA show. To qualify, we need the coins in house NO LATER than May 25.

Legend Rare Coin Auction Market Report—April 17, 2017

Regency Auction XXI is in the final stages of production. Despite every coin in the sale crossing this desk, it is amazing that you really don’t know what an auction is going to look like until the very end. We can say this about the 21st Regency Auction: it is impressive. The number of GREAT coins in this sale is a true testament to the confidence that numismatists of all levels place in our boutique auction venue! They know that high end coins with great eye appeal will not fall through the cracks in our auction, as they may elsewhere. The sale in its entirety will be made live for bidding tomorrow, Tuesday, April 18, 2017. In the meantime, we did post a full lot list for you to preview.

Among the many impressive highlights, we are posting these ten today:

Lot 90– SHIL. 1652 PINE TREE. LG PLANCHET. PCGS MS64 CAC

Lot 95– 1C 1793 WREATH, LETTERED EDGE. PCGS MS64 BN CAC

Lot 176– 10C 1829 PCGS PR64 CAM CAC

Lot 186– 10C 1893 NGC PR69

Lot 219– 25C 1939 PCGS MS68 CAC

Lot 262– 50C 1919-D PCGS MS64+ CAC

Lot 273– 50C 1939 PCGS MS68+ CAC

Lot 332– T$1 1877-S TRADE PCGS MS65+ LINDA COLLECTION

Lot 396– $1 1886 PCGS MS66+ DMPL CAC

Lot 475– $5 1813 PCGS MS62

 

Make plans NOW to view the lots. If you would like to view in the comfort of our office, please call us early to make special arrangements—we do not have room for multiple people to come in at one time. Also, now is the time to make any arrangements for payment terms. As collectors ourselves, we know how having time to pay will often allow collectors the ability to stretch on coins they really want for their collections. We are always happy to work with anyone who requests special terms. Just contact Greg Cohen or Julie Abrams in advance of the sale to discuss.

Now is also time to start thinking ahead. We are always looking for quality consignments for future LRCA auction events. We already have several great groups of coins both for our June Premier Session Internet Sale, and our July Regency XXII Auction.

Our July Regency Auction is the FINAL auction before the big American Numismatic Association’s World’s Fair of Money, arguably the largest show of the year. We are now open for consignments to that sale. Qualified consignments to that sale will be subject to the following consignment incentive:

Consignors who consign a minimum of $50,000 with 100% sell through (10 coins at $5,000 minimum) will receive full settlement on July 31. This is a full three weeks early—giving you the purchasing power you may need at the ANA show. To qualify, we need the coins in house NO LATER than May 25.

Legend Rare Coin Auction’s April 7, 2017 Market Report

It has been a very busy week for LRCA. First, coming back from a VERY active Baltimore show, we finalized the consignments for our May Regency XXI auction. More on this below.

Last night, we concluded the April Premier Session Internet Only auction. The 151 hand selected coins realized over $357,000 including the 10% buyer’s premium. A few select highlights:

Lot 10—1C 1880 PCGS PR65 RB CAC. Realized: $1,155

Lot 37—5C 1943/2-P PCGS MS66 FS CAC. Realized: $2,530

Lot 38—H10C 1794 PCGS XF45 CAC. Realized: $7,700

Lot 47—25C 1869-S PCGS AU55 CAC. Realized: $4,030

Lot 54—50C 1823 PATCHED 3. PCGS AU58 CAC. Realized: $3,960

Lot 81– $1 1855 PCGS MS61 CAC. Realized: $13,200

Lot 105– $1 1935-S PCGS MS66 CAC. Realized: $4,730

Lot 117– $3 1862 PCGS AU58+ CAC. Realized: $5,500

Lot 126– $10 1911 PCGS MS65 CAC. Realized: $7,700

As always, we would like to thank the many bidders who helped bring these strong prices, and welcome all the new bidders who registered with us.  Yet again, our Premier Sessions have proven to be highly successful. With our 10% BP, hand selected quality coins, straight forward descriptions, and honest photos have no rivals, and are growing at a rapid rate.

The results of the auctions over the last ten days (Baltimore, Dallas, and Premier Sessions) shows that the market really is coming back to life after a nearly two year choppy market. The new monster buyers have really helped stabilize market. Going into the late spring we do not see this trend changing.

On to the Regency Auction XXI: Legend Rare Coin Auctions will be presenting 521 lots of high quality, hand selected coins for you to bid on and add to your collections. The sale will feature Part 2 of the Bob Simpson Standard Silver Pattern Collection, Part 4 of the Northern Lights Collection, the Linda Collection of Mint State Trade Dollars, and selections from JK’s Mirror Collection. No matter what area of American numismatics you focus on, you will certainly find something in the impressive offering. Below are just a dozen random selections:

Lot 87– $3 1871 J-1167. PCGS PR66 RB CAC

Lot 102—1C 1858/7 FS-301, S-1. PCGS MS65

Lot 130—1C 1915 PCGS PR67 BN

Lot 167—H10C 1834 PCGS PR64

Lot 173—10C 1797 16 STARS. PCGS MS62 CAC

Lot 199—25C 1825/4/3 PCGS MS64 CAC

Lot 243—50C 1836 REEDED EDGE. PCGS PR63 CAM CAC

Lot 258—50C 1899 PCGS PR68 CAM CAC

Lot 305– $1 1799 PCGS MS64 CAC

Lot 425– $1 1893 PCGS PR66 CAM CAC

Lot 492–$20 1856 PCGS MS62 CAC

Lot 501—G$1 1903 LA PURCHASE. MCKINLEY. PCGS PR66 DCAM.

A full preview lot listing will be posted to our website shortly. Keep your eyes open for that!

Legend Rare Coin Auctions Market Report—March 24, 2017

This week was extremely busy. First off, we finalized the April Premier Session Internet Auction, which will be posted for bidding today at 4pm ET. There are 151 hand selected coins, and we really think that there is something for everyone! Every coin will be available for viewing at the Baltimore Expo next week. Highlights include:

Lot 14 1C 1925-D PCGS MS65 RD CAC

Lot 38 H10C 1794 PCGS XF45 CAC

Lot 81 $1 1855 PCGS MS61 CAC

Lot 118 $3 1864 PCGS AU58 CAC

Lot 150 25C 1870 J-906. PCGS PR65+ CAM CAC

Also, this week many AMAZING coins for Legend’s 21st Regency Auction arrived in our office. As a teaser, here are two: 25C 1822 25/50C. PCGS MS65+–the FINEST known and a SUPERB $10 1908 MOTTO. Matte. PCGS PR67 CAC—tied for finest.

This serves as your FINAL REMINDER that we will be accepting consignments for the Regency Auction, being held May 18 in New Orleans through the end of the Baltimore show. If you are attending the show, be sure to come by our table and talk to Greg Cohen or Julie Abrams about consigning. There is limited space available, but we will always take great coins. Specifically, we are looking for coins valued $3,000-$10,000.

Greg and Julie will work with you every step of the way, and we pride ourselves on our excellent customer service. We offer very competitive rates, and we have access to millions of dollars for cash advances. If you are not attending the Baltimore show, please ship your coins to PO Box 9 Lincroft, NJ 07738. We MUST to receive these packages by Wednesday, March 29. Please call us at 732-935-1168 to discuss shipping instructions.

A note on the current state of the market: We feel that there is a lot of anticipation going into the Baltimore show. With a large number of really fresh coins coming out, we expect that the auction there will be strong, which always happens when a fresh, old time collection comes out. However, there are now several new, major players who may help bring new record prices. Add to this the general optimism that we are seeing because of the financial market rally since the election, we think that this momentum will flow into the Rare Coin Market. In the last two Regency Auctions, we have seen several new players, and some established ones who went quiet for a little while now back and bidding. This is a trend that will likely continue throughout 2017. It makes it a great time to be a consignor, as you can take advantage of this rising market. Our boutique style auctions have proven to bring prices as strong or stronger than any of the larger auction houses, plus you get the great customer service of working directly with the President and Senior Numismatist. Contact us today!

Legend Rare Coin Auctions’ Market Report: March Premier Sessions Internet Only Auction

Legend Rare Coin Auctions March Premier Session Internet Only Auction Realizes Strong Results

On the evening of Thursday, March 16, Legend’s Premier Session Internet Auction for March closed realizing at total of $373,368. Strong bidding activity was seen throughout the 13 days that the sale was open. A great mix of coins were offered, including high-end bust half dollars, which again, proved very popular in the sale. Other type coins saw strong activity and here are some highlights:

Lot 13—1C 1877 PCGS MS64 BN CAC. Realized $9,350 on a $7,000 estimate

Lot 63—25C 1842-O Large Date. PCGS AU53 CAC. Realized $1,760 on a $750 estimate

Lot 66—25C 1911 PCGS PR66+ CAM CAC. Realized $3,740 on a $2,750 estimate

Lot 82—50C 1814 PCGS AU55 CAC. Realized $6,325 on a $4,000 estimate

Lot 87—50C 1834 Small Date, Small Letters PCGS AU58+ CAC. Realized $3,630 on a $1,000 estimate

Lot 124–$1 1878-CC NGC MS64 DMPL CAC. Realized $2,310 on a $1,750 estimate

Lot 139—Proof Set 1955 NGC PR69. Realized $1,760 on a $1,000 estimate.

 

“The results show yet again that you do not need to have thousands of coins to have big results,” declared Julie Abrams, president of Legend Auctions. “Our boutique style auctions, which net strong results in our Regency Auctions, have translated into a great model for our internet only auctions as well—provide hand selected, high end quality coins with accurate photos and descriptions, and the bidders will show up in spades.”

Legend’s next Premier Session, closing on Thursday, April 6, is now closed for consignments and a lot listing will be posted to www.legendauctions.com shortly. Below is a short list of highlights:

1/2C 1811 PCGS VF35 CAC

1C 1868 PCGS MS65+ RB CAC

1C 1892 PCGS MS65 RD CAC-Eagle Eye Photo Seal

1C 1910 PCGS MS67+ RD CAC

2C 1864 Small Motto. PCGS MS65 BN CAC

H10C 1794 PCGS XF45 CAC

H10C 1843 PCGS MS66 CAC

25C 1869-S PCGS AU55 CAC

25C 1909 PCGS PR67+ CAC

50C 1880 PCGS PR66 CAM

50C 1942 PCGS PR68 CAC

$3 1862 PCGS AU58+ CAC

$3 1864 PCGS AU58 CAC

25C 1870 J-919. PCGS PR65+ CAC Ex Eliasberg-Simpson

 

These and all the lots for the April Premier Session will be available for viewing at the Whitman Baltimore Expo, table 643, Thursday, March 30 to Saturday, April 1.

 

To consign to an upcoming Premier Session Internet Only Auction, contact Greg Cohen, Senior Numismatist, at 732-935-1168 or greg@legendauctions.com, or Julie Abrams, President, at julie@legendauctions.com. Upcoming events will be in June, August, September, and November; minimum consignment value $7,500, with individual coins valued at $1,500 or more.