Legend Rare Coin Auctions Market Report–September 15, 2017

The September Premier Session Internet Only Auction closed last night. The results were mixed, to be expected based on what we had in the offering. We assure you that the October Premier Session will have a smaller, but more high power selection of coins.

 

Laura and Greg are in the final stages of cataloging the October Regency Auction. The sale will contain around 550 lots, our biggest offering of hand selected coins yet! With each group of coins crossing our desks we are amazed with the quality. Whether part of a collection, or single coin consignment, there are many highlights. Currently Laura is writing up the 1892 $2.50 in PCGS MS67 CAC from the D.W. Collection. Ever since this coin came in, she has marveled at its outstanding quality. Both Greg and Laura have marveled at the Martha Washington Patterns, their quality and rarity are great. Greg has seen so many neat and interesting coins, including the FINEST KNOWN 1893-S Morgan dollar. One of the coins that sticks out for him, which is not a major rarity or high value item is the beautifully toned 1877-CC half dollar in PCGS MS65+ CAC. It has such a great look, and it should see very intense bidding. We are finalizing the order of sale this weekend and the sale is planned to be posted for bidding by the time we post our Market Report next week.

 

If you are not planning on coming to the Philadelphia PCGS Members Only Show, we will be conducting a special lot viewing in California on Friday, October 13 in conjunction with the PCGS “Public Friday.” Greg Cohen will be there to show lots and accept consignments for any upcoming auction sale. If So-Cal is more convenient for you to view lots, contact us today.

 

Consignments are beginning to trickle in for the December Regency Auction. A trio of beautifully toned silver dollars off the market since Superior’s September 1986 auction are just freshly graded by PCGS and consigned. We are accepting consignments for that sale through the November Baltimore show, but the sooner we have your coins the better. Contact Julie Abrams (julie@legendauctions.com or 845-430-4378) or Greg Cohen (greg@legendauctions.com or 732-935-1168).

Legend Rare Coin Auctions Market Report–September 1, 2017

Today, we are posting our September Sessions for you to bid on. With 196 lots, there will really be something for everyone! Do not forget the group and collection lots at the end of the sale. There are lots of neat, more modern issues for you to bid on and are great ways to start, or upgrade your collections. Whether you collect small cents (gem key issues include an 09-S V.D.B and 55 DDO), rare early proofs (see the 1857 H10C in PR63 PCGS/CAC), or gold (see the better date quarter eagles or impressive run of Saints), the September Premier Sessions is our most diverse and largest offering to date. The sale will be closing LIVE, beginning at 10 PM eastern on Thursday, September 14. Remember the buyer’s premium remains only 10%.

If you have been following our Premier Sessions Internet Only Auctions, you will notice that they really are different from all other Internet Only coin auctions; we have designed them to be mini Regency Auctions. The same effort is taken to accurately describe, photograph, and market your coins as done for our Regency Auctions. We are currently accepting consignments for the October Premier Sessions. If you have not yet consigned to a Sessions Sale, give us a call today! We offer payment of 100% of the hammer price to the consignor, generous cash advances available, and the fastest payment turnaround (5 business days) are just the tip of the iceberg of what these sales offer. The number of NEW bidders that have come through our Premier Sessions is huge! And they come in to buy! Most of the coins sold in these sessions are bought by COLLECTORS, not dealers picking off value. Send Greg Cohen or Julie Abrams an email (greg@legendauctions.com or julie@legendauctions.com) to get the process of consigning started.

LAST CALL for the Regency Auction XXIII in Philadelphia! Friday, September 8 is the final deadline. No coins will be accepted for the October Regency Auction after that date. Anything that comes in after that will either go into the October Premier Sessions or December Regency Auction. You really do want to be a consignor to the October Regency Sale. Coming into the final week open to consignments, we have VERY limited space left. At this point we have over 400 coins in the sale, including a group of toned dollars purchased out of our offerings of the Sunnywood-Simpson (and other) Collection of dollars. If you are going to the Long Beach Expo next week, Greg Cohen and Serena Myers will be there to accept last minute consignments. If you know you have coins to consign, call us today to let us know! We look forward to meeting you at the show! If you are not going to the show, call us NOW to get shipping instructions to ensure your coins are in house in time for the consignment deadline! With well over $5.5 million already consigned in house, this is our most valuable sale, you will want to be a part of it!

Finally, everyone at Legend Auctions wishes you and your family a happy, safe, and restful Labor Day. As you take sometime this long weekend, be sure to view the September Premier Sessions Internet Only Auction and bid!

Legend Rare Coin Auctions Market Report–August 25, 2017

Legend Rare Coin Auctions is dedicated to maintaining its standing as THE boutique auction company in the numismatic auction business. In an effort to provide our clients the FINEST in both quality rare coins and customer service, we are keeping our buyers fees unchanged. For all Regency Auctions our buyer’s fee will remain 17.5%. To avoid confusion we are maintaining our 10% buyers fee on all Premier Sessions Internet Only sales, regardless of payment methods.

 

September Premier Session Internet Only Auction will feature 196 lots. Included in the sale is a great selection of coins featuring a fresh group of Peace dollars and double eagles. Also being offered are further coins and groups from the JK Mirrors Collection. Lots of neat, key date issues including gem quality examples will entice bidding. A full PDF list of all lots is now posted take a look. The sale will be posted in early September and closes on September 14. If you want to see anything in hand at the upcoming Long Beach show, let us know so we can make arrangements to bring those lots with us.

 

Last Call for Consignments for the October Regency Auction. We will be taking last minute consignments at the Long Beach Show, however, the sooner the coins are in house, the better! If you have coins to consign, contact Julie Abrams (julie@legendauctions.com) today for shipping instructions. We already have close to 400 lots in house or en route, so space is filling quickly! Visit our website to see some of the amazing highlights of the sale including selections from the Crow River Set of $10 Indians and the Vermeule-Coronet 1893-S $1. Other collections included in the sale are the D.W. Collection, which was consigned from a long time Legend customer and includes some great GEM type and a run of SUPERB GEM late date Liberty quarter eagles including a PCGS MS67 CAC 1892! Selections from the Dale Larsen Collection include very vividly toned coins, including a gem 1861 Proof dollar. The High Octane Collection is a small group of high grade copper including and key date Buffalo issues. If we were to close consignments now, we would have one of the best Regency Auctions to date! Lucky for you there is still time to consign your rarities to the sale! Contact us today!

 

Looking forward, the remainder of the year looks good. There are not many opportunities left to consign, so if you are looking to sell off some duplicates this year, or perhaps you are done with one project and are looking to raise funds to start another, we are now beginning to receive consignments for our December Regency Auction, as well as our Premier Sessions in October, November, and December. Talk to us today about your holdings.

Legend Rare Coin Auctions Market Report–8/18/17–A Note from Laura Sperber

DARE TO COMPARE

Legend Rare Coin Auctions is proud to tell you our Premier Sessions Regency Sale for September not only has some great coins, but is fully occupied! We now have 200 lots. Its obvious to us that BOTH buyer and seller know we’re better then the other internet ONLY sales out there.

WHY ARE LEGEND PREMIER SESSIONS SALE BETTER? 

*We are owned and are operated by one of the leading dealers in today’s scene-Laura Sperber. Assisting her is Greg Cohen who has full bourse floor credibility and is one of the best catalogers in the business. NO internet only company we know of has full time coin dealers.

*Our behind the scenes staff is the best. The team is lead by Serena Meyers and Julie Abrams-both seasoned auction veterans. They will work with you every step of the way.

*No other auction company (even the big guys) has direct access to the BEST customer base in all of coins-The Legend Numismatic customer base.

*All consignors are paid 100% of the hammer price, and buyers pay only 10% buyers fee (not 20% like some other firms).

*LRCA has dynamic marketing that is world wide. Our August Auction had 5 winning buyers who were non US buyers.

*In our Internet Only sales over 95% of the coins sold are to collectors-not dealers looking for bargains or bottom fishers.

*Look at our sales vs a sale with 1,000 widgets or Modern coins. Sales like this certainly do NOT attract the stronger buyers. We want you to go right to the good coins with out 10 minutes of searching.

*We are picky about the coins we accept in ALL of our sales. Our quality and eye appeal standards do very much set our sales apart from ALL other Internet only companies.

* Legend Rare Coin Auctions is the ONLY Internet ONLY company that gives you FULL descriptions and quality images.  We know you can not just buy from an image.

*After a years worth of Internet only sales, we have now more then proven ourselves that buyers can bid with full confidence and won’t be surprised by any off quality  coins. Plus, we have had many record prices realized.

Before you think about doing any business with other Internet Only auctions, try us. We work hard to impress BOTH the buyer and seller. QUALITY on every aspect of a sale is our goal.

Our September Premier Sessions Sale is loaded with great coins-about 200 of them.  We expect the sale to go live September 2nd.

If you wish to consign to our October Sessions Sale or wish to learn more about the upcoming September Sale, please contact Greg Cohen: greg@legendauctions.com or Julie Abrams: julie@legendauctions.com.. We have a wonderful fact filled brochure you may request as well.

 

FINAL CALL FOR CONSIGNMENTS TO OUR OCTOBER REGENCY SALE TO BE HELD IN PHILADELPHIA. That is our 500 lot main sale. Space is very limited. We are currently only accepting coins valued at over $5,000.00 each (minimum $10,000.00 per group). 

 

We look forward to seeing you at the upcoming Long Beach Show where we will have the September lots for viewing. Out table  # is 601.

Legend Rare Coin Auctions Market Report—August 11, 2017

We have A LOT to report this week, starting with a recap of the ANA show. The public traffic was admittedly slow—however those that came by our table came to do business. By the end of the show, we had accepted over $800,000 in consignments for our upcoming Regency Auction XXIII, including a really neat group of coins from a long time Legend Numismatics customer. We can already say, with about three weeks left before we close the auction, that this sale will rank in the top 3 LRCA auctions to date!

At our table we displayed selected highlights from the sale, including the Crow River Collection, the current #2 PCGS Registry Set of $10 Indians. What a great set—nearly every coin is a GEM, ALL are PCGS, and most are CAC! Generating the most attention from attendees were the Eliasberg-Coronet 1892-S Morgan in PCGS MS67 CAC and the Vermeule-Coronet 1893-S Morgan in PCGS MS67 CAC. We are proud to offer two of the RAREST and most valuable Morgan dollars that exist, anywhere! We will be making more announcements as consignments are processed and cataloged. Rest assured that you will want to participate in this sale! We are still accepting consignments so contact Julie Abrams at julie@legendauctions.com or Greg Cohen at greg@legendauctions.com or call the office at 732-935-1168.

The August Premier Session Internet Only Auction closed last night, seeing very active bidding, since the moment it opened we saw lots of bidding from lots of new collector clients. We are so happy to see these coins find themselves in new collections, including several international cabinets.

Each sale we see many new bidders, which just goes to show you that Legend Auctions is GROWING. As we continue to grow, we want you to know that what you have come to expect from Legend Auctions, high quality rare coins and the finest in personalized customer service will continue, and we will continue to do so WITHOUT raising our fees. After the two big firms recently announced the raising of their buyer’s premiums to 20%, we have decided that we are going to remain at 17.5%. Our lower overhead allows us to keep the 17.5% BP and stay competitive in terms of our commission rates.

As always, we are accepting consignments for all of our upcoming auctions. Our next Premier Sessions Internet Only Auction and Regency Auctions have room for a few more CHOICE consignments, as space is very limited in both. If you have any coins that you might be interested in consigning, call us today! Consignments for the September Premier need to be in house no later than Friday, August 18, as the sale will go live the week of September 4. We will be accepting consignments for the Regency Auction XXIII through the end of the upcoming Long Beach Show. If you are planning ahead, the final major auction of 2017 is our Regency Auction XXIV taking place on December 14. To consign, call us TODAY at 732-935-1168 or email Julie Abrams at Julie@legendauctions.com or Greg Cohen at greg@legendauctions.com.

Legend Rare Coin Auctions Market Report—July 28, 2017

It has been nonstop since we returned from Las Vegas! Last week our July Premier Sessions closed, realizing many strong prices, again proving that the Premier Sessions Internet Only Auctions are not your typical online auctions filled with dreck and widgets.

This week, we finalized our August Premier Session, which will be going online next week. It features 175 lots of hand selected coins. This sale really will have something for everyone, and includes a large selection of coins from JK’s Mirror Collection. There are also many interesting mint state and proof type, better gold, and pattern coins. You will be very impressed by the offering. Highlights will be available to view at the ANA show next week and the sale will close live on Thursday, August 10, starting at 10pm eastern. Do make plans to participate.

The ANA’s World’s Fair of Money—The biggest show of the year is upon us, and LRCA will have a lot on hand. Come by table 704/706. We will be displaying highlights from our upcoming Regency XXIII Auction, the official auction for the PCGS Member’s Only Show in Philadelphia on October 26, 2017. We already have well in excess of $3,000,000 consigned (more details to come following the show—watch for a major announcement). As we experienced in our July Regency Auction, the market is starved for great coins, and in our boutique venue, they bring the strongest prices (look at the record $293,750 paid for the $1 1892-S PCGS MS64 CAC and $193,875 for the $20 1909 PCGS PR66 CAC).

If you have coins to consign to any of our upcoming auctions, including our October Regency Auction, Julie, Greg, and Serena will be there to work with you. We look forward to seeing you at the show. Be sure to stop by!

Fierce Bidding Wars Drive Prices to Record Levels at Legend’s 22nd Regency Auction

(Lincroft, NJ—July 14, 2017)— A packed auction room and record number of bidders online helped drive prices realized to extraordinarily strong prices. The top lot surprised all in attendance when several internet bidders, a phone bidder, and a floor bidder fought it out on lot 431, a fresh to market 1892-S Morgan dollar in PCGS MS64 CAC to a record $293,750 (all prices reported include the 17.5% buyer’s premium). “We knew early on that this coin would be a highly contested lot as soon as the sale opened for bidding online nearly four weeks prior to the live bidding,” explained Julie Abrams, President of Legend Rare Coin Auctions. “We knew several collectors who really wanted the coin, and in the end, the quality of the coin was evident with the record price realized.”

 

While that result was a shock, no one was really surprised when the price of the 1994 Collection, the 1909 Roman Finish $20 in PCGS PR66 CAC realized a record $193,875. “While certainly higher than our $110,000+ presale estimate, this coin was always the star of any preview such as Long Beach and Baltimore earlier this summer,” Julie Abrams continued. “The collector was an overseas client, again showing how wide our client base really is,” Laura Sperber, founder of LRCA noted. “This is the second auction in a row that a star of the sale went to an overseas buyer. The market for superior US coinage is not limited any more–worldwide collectors crave these coins and crave true quality”

 

Part Five of the amazing Northern Lights Collection again shattered records. Many coins opened well in excess of their high estimate and they blew past “moon money and went to beyond Pluto money!” The last coin in the collection, the “Grande Dame” of monster toned Morgans, the PCGS MS68+ CAC Ex Sunnywood-Simpson 1880-S realized $61,687.50. “This is a coin that has always generated record prices, dating back to its first recorded auction appearance in Auction ’83,” Greg Cohen, Senior Numismatist explained. “This is a true trophy coin for any specialist in monster toned dollars, and it now resides in another world-class collection.”

 

“While the overall market is still choppy for okay coins, this auction more then proved when great coins are offered, they will still bring earth shattering prices, especially when fresh,” Ms. Abrams said. “With collections like 1994, featuring awesome coins that have been put back for a generation, collectors will really battle it out to bring home their prizes.”

 

“Hundreds of NEW numismatists participated in this sale as bidders, and did they ever bid!” Ms. Sperber exclaimed. “We were more than happy with the results of our sale. It goes to show that the boutique style auction, and great venue provided by PCGS, really does attract serious bidders.”

 

While highlights were numerous across the Glacier Rams, 1994, JK Mirror, Northern Lights, and A.W. Collections, below are a sampling of exceptionally strong results:

 

Lot 37—20C 1877 PCGS PR66 CAC EX 1994 COLLECTION, realized $39,950

Lot 42– $20 1909 PCGS PR66 CAC EX 1994 COLLECTION, realized $193,875

Lot 57—1C SET MATTE PROOF LINCOLNS, 1909 VDB-1916 PCGS PR65-PR66+ BN/RB CAC, realized $61,687.50

Lot 87—1C 1909 INDIAN. PCGS PR66+ RD CAM CAC, realized $17,037.50

Lot 156—10C 1894 PCGS MS68 EX SIMPSON, realized $21,150

Lot 203—50C 1887 PCGS PR65 DCAM CAC, realized $9,400

Lot 221—50C 1939 PCGS PR68+ CAC, realized $19,387.50

Lot 252—T$1 1873 PCGS PR64+ CAM CAC, realized $12,337.50

Lot 265–$1 1881-S PCGS MS67 CAC EX NORTHERN LIGHTS, realized $21,150

Lot 268–$1 1881-S PCGS MS67+ CAC EX NORTHERN LIGHTS, realized $36,425

Lot 277–$1 1887 PCGS MS66 CAC EX NORTHERN LIGHTS, realized $14,100

Lot 278—$1 1904-O PCGS MS67 CAC EX NORTHERN LIGHTS, realized $39,950

Lot 279– $1 1880-S PCGS MS68+ CAC EX NORTHERN LIGHTS, realized $61,687.50

Lot 431– $1 1892-S PCGS MS64 CAC, realized $293,750

Lot 450—50C 1877 J-1515. PCGS PR66 BN CAC, realized $42,300

Lot 476–$5 1798 LARGE 8, 13 STAR REVERSE. PCGS MS62 CAC, realized $47,000

Lot 498–$10 1908 MOTTO. PCGS PR66 CAC, realized $76,375

 

The next Regency Auction, the official auction for the PCGS Members Only Show will be held on October 29, 2017 and is currently open for consignments. We already have in excess of $3,000,000 consigned (look for a major announcement shortly). Whether you have a single rarity, a few duplicates, or an entire collection, contact Legend Rare Coin Auctions today at 732-935-1168, or email info@legendauctions.com to discuss your holdings.

 

Legend Rare Coin Auction’s Market Report—July 7, 2017

Auction week approaches! We are in the home stretch, get your bids in now! Catalogs should now be in your hands. If you have not received a copy contact us NOW to ensure you get your copy before sale day! Otherwise, feel free to review or digital copy online (http://online.pubhtml5.com/klnt/szsb/). Remember, that this sale is in a different order than usual, with two stand alone collections being offered before going in order. Be sure to review all the pages. With 515 lots, with coins in all price points from a few hundred dollars to over $100,000, there will certainly be something for everyone’s budget.

New registrations for Regency Auction XXII are at record levels. It is clear to us that with so little being available, this sale really does stand out with the large number of exceptional coins. In fact, we had a record number of collectors that viewed lots (there was one who was here looking until we had to pack the Brinks this morning!). Combine with those that viewed at various shows (including Long Beach and Baltimore) and this is our MOST VIEWED auction sale to date. Shake off the summer doldrums and pay attention—once the coins are sold, the chances of finding anything similar, even when the market perks up later in September, is slim!

We also have posted our July Premier Sessions Internet Only auction this week. There are 128 lots, including further selections from JK’s Mirror Collection. We also have neat type coins, and colorful Morgan dollars. Remember, we changed the Buyer’s Premium on the Sessions Internet Auctions. We will now charge 12.5%, which will be discounted to 10% if you pay by check or similar method. If you elect to pay by credit card, there is no longer a $2,500 limit.

Legend Rare Coin Auctions wants to ensure our bidders that at this time, we have no plans on increasing the buyer’s premium for our Regency Auctions, and it will remain 17.5%. LRCA is committed to continue providing the best quality coins and the finest customer service to our customers.

This is the last call for consignments for our August Premier Sessions Internet Only Auction. We will have the coins on display at the Denver ANA convention. We need all coins in house by Friday, July 21. We have a few neat consignments in house already, but we are always looking for more. Call Greg or Julie today to discuss your coins.

Legend Rare Coin Auctions’ Market Report—June 30, 2017

This weekend we celebrate the birth of our great nation which affords us the freedoms we all enjoy including the pursuit of happiness, which if you are reading this includes numismatics. Between BBQs, trips to the beach, picnics, and fireworks, be sure to check out our upcoming Regency Auction featuring the Glacier Rams, 1994, JK’s Mirrors, Northern Lights, and A.W. Collections and important rare coins from many different consignors.

We have gotten a TON of feedback about our Regency Auction XXII—all very complimentary! They are very impressed with the quality. The 1994 Collection and Northern Lights coins are attracting bidding from many new collectors. At the recent Baltimore show, one of the most knowledgeable graders spent a long time marveling at the fully RED 1856 Proof large cent in lot 32. His exact quote: “This is your best auction yet!” This week, many collectors came to view lots, and multiple times we had to lift their chins from the table multiple times. There are now just short of two weeks to bid. We are seeing lots of strong bidding already, with lots of action in multiple areas, in fact we have well over $2,000,000 in bids already placed! Catalogs are in the mail and you should be receiving them in the coming days.

On Wednesday, July 5th, we will be posting the July Premier Sessions Internet Only Auction. The sale will close on July 19th. All coins will be available for viewing at our table at the PCGS Members Show. Included are an extensive offering of Proof Liberty nickels, Proof Franklin halves, and Morgan dollars. You can preview our lot listing today.

We are making a change to our terms on the PREMIER SESSIONS auctions. We will now be charging a 12.5% buyers fee which, if the invoice is paid by check, cash, or bank wire, will be discounted to 10%. Now there will be no limit on invoices paid by credit card. We think the change will overall benefit everyone participating in our auctions, giving collectors more payment options, thus being able to stretch their bidding. At this time, all other terms remain the same for our auctions; our Regency Auctions will retain the 17.5% buyer’s premium and we will continue to limit credit card payment to $2,500.

Legend Rare Coin Auctions’ Market Report—June 23, 2017

As this report is being written, members of our team are still at the Baltimore show, where there has been a real buzz about our upcoming Regency Auction XXII. From the start of the show, collectors and dealers have been asking to look at the coins, and after only a week, we have a very large number of registered bidders, and already several five-figure coins have already had their reserves met!

The sale is now 20 days away! Make your arrangements now!

 

*  Are you a new bidder? Before bidding, please contact us with references before you place your bids.

*  Do you need to view lots? Call 732-935-1168 to make an appointment to come to our office.

*  Do you plan on exceeding your normal bid limit? Call Julie Abrams at 845-430-4378 or email her at julie@legendauctions.com to get that adjusted.

*  Can’t make it to Las Vegas in person? Contact us to make phone bidding arrangements.

Catalogs for Regency Auction XXII will be in mailboxes soon. There are 515 lots, including coins from five featured collections: Glacier Rams, 1994, JK’s Mirror, Northern Lights, and A.W. Collections. The sale features one of the best offerings of Matte Proof Lincolns and DMPLs LRCA has  ever had the pleasure of offering! Highlights include:

Lot 48 1C 1909 V.D.B. PCGS PR65 RB CAC Ex 1994 Collection

Lot 53 1C 1913 PCGS PR66+ BN GOLD CAC Ex 1994 Collection

Lot 59 1C 1910 PCGS PR67+ RD CAC

Lot 64 1C 1914 PCGS PR67 RB CAC

Lot 391 $1 1880-O 80/79. PCGS MS64+ DMPL CAC

Lot 408 $1 1883-O PCGS MS66 DMPL

Lot 420 $1 1885-O PCGS MS66+ DMPL CAC

Lot 428 $1 1891-CC PCGS MS65 DMPL CAC

Last call for coins for our July Sessions Internet Auction, closing on July 19. Coins must be in house by Tuesday, June 27, AM delivery. We are nearing our number of lots, with well over 110 coins consigned, including further selections from JK’s Mirror Collection.