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Market Reports

June 15 2018 Market Report

Posted by on 15 June 2018

June Premier Session is NOW POSTED and open for bidding!

 Yet again Legend Rare Coin Auctions presents an outstanding Sessions sale. Every coin is hand picked with dozens being rejected.  We are proud of he quality of this sale-55% of the coins are also CAC beaned.  We give all the information needed from numismatist written descriptions and professional imaging. 

 This sale closes Sunday night June 24th starting at 9 PM. If you have any questions, do not hesitate to contact us. 

The offering is large and features many important KEY issues like:

a GEM 1909-S VDB,

a CHOICE XF 1918/7-D nickel,

two wonderful AU 1916-D dimes,

the BASS 1857-C gold dollar,

a lovely MS63 NGC/CAC 1879 $3,

and count them, three different grade 1907 High Relief double eagles!

For the first time, we are also offering a handful of ancient coins, which came in as part of a large collection of U.S. coins. Rounding out the sale are a selection of lower priced but beautifully toned coins.

In all 186 lots will be sold, with the closing on Sunday, June 24. We will have all lots available at our table at the June Baltimore show June 21 and June 22. Get your bids in early!

 

Regency Auction 27—July 26, 2018

 After our amazing May Sale, we did not think we would ever come close to topping it. We just may have with our July Sale. 

 The catalog for the July Regency Auction is now in order, and you can create your watch list now before the sale goes live for bidding. There are 604 lots coming from the following collections:

 The RanJack Morgan Dollar Collection—a very high end quality collection of Philadelphia, San Francisco, and New Orleans mint Morgans. Many of these are among the FINEST known and all were hand selected by a very picky collector over the course of more than two decades.

 The Aurora Borealis Collection—a few more select duplicates from this monster collection of amazing toned dollars.

 The Liberty Sunrise Collection—a complete set of Peace dollars offering original toning. The degree of toning varies from light gold to superb bag toning. Many pieces were purchased at previous Legend Auctions.

 The South Texas Collection—a partial 18th century U.S. type set assembled by a very fastidious collector client of Legend Numismatics. Each coin was hand selected for the client by Laura Sperber, and every coin is PCGS-graded and CAC-approved. Each coin in this collection is a highlight! The collector is now moving on to another area of numismatics.

 The Pharma Collection—a selection of coins from a Legend Numismatics collector client who sold the majority of his collection previously. The coins in RA27 were retained as his favorites. He is now retiring and decided to sell of these remaining highlights. What a great group of 19th century type coins! Again, since every coin was purchased from Legend, and hand selected by Laura Sperber, each coin is PCGS/CAC and has awesome quality and outrageous eye appeal.

 The Huron Hills Collection—selections from a collection that is now being refocused. Each coin is PCGS/CAC and very high end! This group’s focus is Morgan dollars, Walkers, and commems.

The Chester Roche Collection—fresh to the market, this collection of 49 pieces is a wonderful holding of gold dollars and quarter eagles. The collector was active back in the mid to late 1990s and many of the coins are housed in old green tag PCGS holders.

 The Steven Cook Collection of Patterns, Part 2—the final installment of this very extensive collection of pattern coins. A very diverse offering of issues, including many R-7 Judd numbers. Part 1 was sold in our May Regency Auction and was very well received. This second part has a neat offering of off-metal gold patterns and some GEM silver dollar patterns in copper.

 Other important consignments—as always there are hundreds of other very high end, hand selected, quality rare coins in all series.

 The Regency Auction 27 will be open for bidding this coming week. In the meantime, take a look and make your watchlist today!

 Upcoming events: June Baltimore: Thursday to Saturday, June 21-23. We will have all lots from the June Premier Session and July Regency Auction available at our table for lot viewing.

 Now is the time to think about consigning to an upcoming Legend Auction. Our team will be out in force at the June Baltimore Show stop by and say hello and drop off a consignment. We already have some amazing consignments in house, including a Registry Set of Mercury Dimes (more details to follow soon). Legend’s boutique style auction venue has proven to be wildly successful and popular for both consignors and bidders alike. Be a part of our success!

 Again, do not hesitate to call or email us with any questions. 

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Pre-Long Beach Market Report

Posted by Julie Abrams on 8 June 2018

Summertime is just about here and things at Legend Rare Coin Auctions are heating up!

 Fresh off the largest and most successful auction we’ve ever had, we are excited to present another spectacular sale – this time at Caesars in Las Vegas on July 26th.  The auction features over 600 hand-selected lots, with several exciting collections including the RanJack collection of Morgan dollars and the second part of the Steven Cook Pattern Collection.

Most of the auction lots are already online (for preview only), and we expect all images to be posted and bidding to go live by June 20th.

Important note - next week we are headed to Long Beach where highlights from the July 26th Regency Auction can be viewed.  We will have all the lots for the July Regency Auction available for viewing in Baltimore June 21-22nd. If you do go to Long Beach please be sure to stop by and say hi to our newest team member, Jessica Berkman.  Jessica has come on with Legend as our Consignment Coordinator. She will be at our auctions and shows, accepting consignments from collectors and dealers for our Premier Sessions and Regency Auctions. 

I will be in Baltimore and happy to say hi to anyone in the neighborhood and, of course, ready to discuss any coins you may be thinking about selling or special terms for auction purchases.  Or come on by just to simply catch up!

It’s not too early to start considering consigning coins to our September Regency – again in Las Vegas at the PCGS Members Only Show.  The consignment deadline is August 3rd and it will be taking place at the new and spectacular Cosmopolitan Hotel.

Again, the entire July Regency will be on view in Baltimore and highlights will be available for viewing in Long Beach.

Have a great week!

Julie

 

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Legend Rare Coin Auctions’ Market Report June 1, 2018

Posted by LRCA on 1 June 2018

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Sorry for the one-week hiatus in our market reporting, we were beyond swamped with non-stop auction activity. The month of May was our absolute busiest month ever!

Our record breaking Regency Auction proved just how strong the current market for quality, rare coins really is! In terms of number of lots, bidders, lot viewers, page clicks, and number of successful bidders, it was a RECORD BREAKER! Great coins from incredible collections were heavily contested on the floor, over the phone, and via our website before and during the auction. We have had nothing but great feedback from both consignors and buyers and everyone we have spoken to has expressed bullish feelings about the market over the next few months.

The May Premier Sessions was also an extremely successful event with a few five figure coins selling, again proving that the market demand is extremely active for great coins, especially PCGS/CAC better date gold. 

We would like to introduce to you our newest member of the LRCA family, Jessica Berkman. An industry veteran, Jessica worked for many years as a consignment director at Heritage Auctions and has come on with Legend as a Consignment Coordinator. She will be at the LRCA table at all shows working with collectors and dealers to accept consignments for all Premier Sessions and Regency Auctions. 

 

July Regency Auction: Right now, we are very deep into cataloging the July Regency Auction. With the consignment deadline upon us, we have over 500 coins (back to our normal size offering), but the selections are no less impressive. 

Morgan dollars again are at the forefront of the auction, with the RanJack Collection of mostly GEM Mint State coins. 

The South Texas Collection of Early U.S. type coins is a hand selected grouping of 18th century copper and silver issues in high grade, all PCGS/CAC. 

The Chester Roche Collection is a fresh collection, mostly of gold dollars and quarter eagles, in Mint State and feature many older holder coins. 

The Huron Hill Collection mostly features later date Walkers, GEM Mint State Morgan Dollars, and Commemoratives, all hand selected by a very picky collector who is refocusing his collecting goals. 

Finally, rounding out the named collections is the second part of the Steven Cook Pattern Collection. This extensive offering of Patterns contains something for everyone, at every price point from $1,000 to $10,000+. 

Between these named groups are coins from many other important consignors, coins that were hand selected by our industry veterans for their quality and eye appeal. We have a partial listing on our website now, and it will be updated a few more times before the sale goes live around June 20. 

June Sessions is also full of great coins and will be a robust offering of collector quality coins in all series. The Sessions sale will be posted on June 14 and will close on Sunday, June 24 starting at 9pm. 

Looking forward: We are always looking for quality consignments. As is always the case, we get many coins within the two weeks before the consignment deadline. We are now seeking for coins for the July and August Sessions, as well as the September Regency Auction. Whether you are looking to sell a single  rarity, a few duplicates, or an entire collection, the dedicated team of numismatic professionals at LRCA are here to work with you. Contact Julie, Greg, or Jessica today to discuss your holdings! We offer competitive rates, generous finders fees, and cash advances. Our payment turnaround is also among the fastest in the industry, just 5 days after the conclusion of a Premier Session and 35 days after a Regency Auction.

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Pre Regency Auction 26 Market Report

Posted by on 11 May 2018

We are in the last days until Regency Auction 26! Every day this week we have had a steady stream of serious collectors and some of the biggest professionals in the business view all 855 lots in the sale. As bidding continues at its record pace, we expect this sale to be nothing less then a total block buster.  

 

We have had a record number of collectors call for special payment terms. NOTE ALL terms MUST be confirmed BEFORE placing any bids. Here is what we can offer on special terms: 

A 1/3 down payment is due within five days of purchase date.

The second 1/3 payment due within 30 days of purchase date.

Final  1/3 payment due within 60 days of purchase date.

Interest is due on the outstanding balance after 30 days, at the rate of .83% per month (10% annually). No interest is calculated for the first 30 days and there is no penalty for paying off early. LRCA will maintain possession of item(s) until paid in full. This is an option for items $15,000.00 and over,  Please advise us at least 48 hours before bidding or purchasing the item in question. Pre-approval is required.

The principals of Legend Rare Coin Auctions are all collectors at heart, We know that with a little extra time, you can stretch your collecting budget, and we want to make sure you can add the coins you desire to your collection. We strive to make sure that you are able to do so.

This is also LAST CALL to make any phone bidding arrangements or absentee bidding for the sale. You can fill out the online form (https://www.legendauctions.com/bidding/#BidForm), or call us.

If you are planning to attend the PCGS Show in New Orleans to bid in person, we will have the red carpet rolled out for you! PCGS puts on quite the event, with an intimate setting and a great spread of food. Of course, LRCA will have lot viewing available, and our consignment experts will be there to work with you if you have coins to consign to a future auction.

Next week we will have a full recap of the auction action, as well as some highlights of our upcoming July Regency Auction 27. There are still a few short weeks to get your coins in for that major auction. We promise, like with all Regency Auctions, you will not be disappointed with the quality!

May Premier Sessions. Will be going live next week for bidding. All coins will be available for lot viewing in New Orleans. Do not forget to view and bid, there are quite a few awesome coins from early large cents, to rare date gold! As with all Legend Auctions, each coin was vetted for quality by our bourse floor trained numismatic staff, so you can bid with confidence that you are getting a great coin!

If you need any assitence, contact Greg Cohen: [email protected] or Julie Abrams: [email protected]. From Tuesday AM on, you may reach is direct on our cell: 732-233-0719.

As with all our Legend Regency And Premier Sessions Sales, we wish everyone good luck and have fun!

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Two Weeks Before the Auction Market Report

Posted by on 4 May 2018

While we expected strong activity, we never imagined it would have been as strong as it was. We've not only had the leading dealers come into lot view, but a small who's who of collectors as well-and we're not even close to being finished! Today we are at the Convene in New York City conducting a lot viewing where we have over a dozen collectors who have RSVP’d to attend. Once the viewings have been completed, we would not be surprised if there was an explosion of bidding as the sale date gets closer. Every day next week we are booked up with more "who's who" of collectors and dealers due in until the coins leave Friday for New Orleans.  We can already tell that bidding activity will be a record for us in this sale! We are now within the last two weeks before the auction. If you have not yet viewed the auction or registered to bid, take a few moments over the weekend and do so. If you are a serious collector of U.S. coins, there is going to be at least a few coins that will fit into your collection, or maybe you will find a new area to collect.

 NOW IS THE TIME to make requests for phone bidding, payment terms, or last lot viewing requests. Contact Julie Abrams TODAY to make arrangements. Call her at 845-430-4378 or email her at [email protected]. We are collectors at heart and love helping collectors add to their collections and we work hard to make these arrangements work. We just need to know in advance!

 

MAY PREMIER SESSION. LAST CALL for consignments. We have lots of neat consignments, and includes a Wire Rim High Relief in PCGS MS63 CAC as a highlight, a killer $1 1884-O PCGS MS67 CAC, and a 5C 1937 PCGS MS67+ CAC to name just a few coins.  We need all coins in house no later than Tuesday, May 8. We will have the entire sale at the PCGS Show in New Orleans for lot viewing. We will have a full listing by the end of next week. The May Premier Sessions sale runs May 17th until May 24th at 9 PM. 

 

JULY REGENCY AUCTION 27. If you are planning to sell any coins, and would like them featured in a boutique style auction, our July Regency Auction is THE venue. Last year had a great selection of coins, and this year will be no different! We will have specific announcements in the next few weeks about highlights. There are A LOT of very FRESH, high end coins already consigned. YOUR coins can still be a part of this EVENT! Call Greg Cohen 732-935-1168 or Julie Abrams 845-430-4378 to discuss your collection! All consignments must be in house no later than June 1.

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Legend Auctions Market Report--April Premier Sessions and Central States

Posted by on 27 April 2018

LAST CALL! BID TODAY! Our April Premier Session, featuring 135 lots of hand selected, quality coins closes on SUNDAY NIGHT starting at 9pm. There are many great coins, including selections from the Aurora Borealis Collection of Proof Indian Cents. PL and DMPL dollars and better date gold are also very well represented. If you have not yet looked, do so now. Remember, our Premier Sessions have a buyers premium of only 10%! What a great opportunity for you to acquire some very cool, collector oriented rarities! Some highlights include:

 Lot 3: L1C 1833 PCGS MS65 RB CAC EX. NAFTZGER

Lot 10: 1C 1882 PCGS PR67 BN CAC

Lot 11: 1C 1883 PCGS PR66 BN CAC

Lot 12: 1C 1900 PCGS PR66 RB

Lot 14: 1C 1909-S LINCOLN. PCGS MS66 RB CAC

Lot 21: 2C 1871 PCGS PR66 RB CAC

Lot 28: 3CN 1877 PCGS PR65 CAC

Lot 43: 10C 1905 PCGS PR66 CAM

Lot 73: $1 1879-O PCGS MS63 DMPL CAC

Lot 77: $1 1881-S PCGS MS66 CAC

Lot 83: $1 1884-CC PCGS MS65 DMPL CAC

Lot 97: G$1 1850-O PCGS AU58 CAC

Lot 107: $5 1908 INDIAN. NGC MS65 CAC

Lot 113: $10 1907 INDIAN, NO MOTTO. PCGS MS65 CAC

Lot 115: $10 1913-S PCGS AU58 CAC

Lot 119: $20 1862 PCGS XF40 CAC

Lot 128: 50C 1922 GRANT STAR PCGS MS65+

Lot 132: 50C 1838 J-72. PCGS PR62

 

LAST CALL! CONSIGN TODAY! We are in the last days of accepting consignments for the May Premier Sessions Auction. If you have any coins you would like to consign, call us TODAY. You can reach Julie Abrams at 845-430-4378 or at [email protected] or Greg Cohen at 732-935-1168 or email [email protected]. We are looking for coins valued $1,500-$20,000. We need all consignments in house by Friday, May 4.

 

REGENCY AUCTION 26. Catalogs have been mailed out earlier this week, and have begun landing in mailboxes. The catalog we produced is beautiful! If you are not on our mailing list, you can read through the digital catalog on our website. We conducted a lot preview at PCGS Headquarters in Orange County last Thursday, where we were booked solid with folks looking at the Regency Auction, and the feedback was extraordinary! Viewers were amazed by the large, diverse, and high quality selection of coins being offered across many different series. As the largest Regency Auction there were folks looking at specific areas, as well as those who view each and every lot. Lots of bidding activity took place over the course of the week and we now have as many registered bidders at 2 weeks since posting as we have for some of our earlier Regency Sales total.

 We brought selected highlights and coins specifically requested to view to this week’s Central States show, as we were unable to conduct a full viewing there. ALL DAY THURSDAY, our table was mobbed with people viewing what we brought out! There were many collectors who requested specific lots to be brought for in person inspection. With this much presale interest, and another opportunity to view lots in New York City on Friday, May 4. You can still RSVP to view lots there. We already know that when the live auction begins on May 16 and 17, there will be RECORD bidding, and we predict many price records will fall!

 

REGENCY AUCTION 27. NOW is the time to think about consigning to our upcoming July Regency Auction at Caesar’s in Las Vegas. We already have over $1,000,000 in quality consignments. If you have a single rarity, a few quality duplicates, or an entire collection, that you would like to consign, Legend’s team of numismatic experts will work with you to maximize your coins’ value. Call or email Julie or Greg today to begin the process. Minimum consignment value needs to be $10,000 with the individual coins valued at $2,500 and up.

 

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Legend Rare Coin Auctions' April 20, 2018 Market Report

Posted by on 20 April 2018

Bidding is at a record pace for our 26th Regency Auction. Already thousands have viewed the lot listings. One six-figure coin has already had its reserve hit, and multiple five-figure coins have as well. The two biggest coins hit so far did so within 24 hours of the auction being open for online bidding! In addition, as of this writing, we have had 200+ NEW first time registrants helping the eye balls already reach as many as we had for several sales last year. 

 There is extremely strong demand for quality rare coins! This has been evident with the number of requests for mail inspections, appointments at our April 19 lot viewing at PCGS Headquarters in Orange County, California, and folks requesting for specific lots to be brought to Central States next week. NOTE: if you would like to see specific lots at CSNS, contact us no later than SUNDAY NIGHT! If you are on the east coast, and would like to view lots, we are conducting a lot viewing session in New York City on Friday, May 4. Contact us for more information or to RSVP.

THE APRIL PREMIER SESSIONS SALE-NOW OPEN (closes 9 PM EST April 29th). 

 The April 2018 Premier Session is now online and open for bidding. With 135 lots of hand selected, high quality rare coins, you will certainly find a coin or two at least to fit your collecting interest. Be sure to view the offering and get your bids in before the sale closes on Sunday, April 29!

 We are now accepting consignments for our July Regency Auction! To discuss your collection, contact either Greg Cohen or Julie Abrams about your coins! We would love to work with you. You can reach Greg at the office at 732-935-1168 or Julie at 845-430-4378. We already have many great coins consigned, including a collection of Morgan dollars and part 2 of the Steven Cook Pattern Collection. Regency Auction 27 will certainly be another one for the record books and you definitely want to be a part of it! Note, we are always accepting consignments for our Premier Sessions Sales as well!

 

NOTE: Our Premier Sessions buyers fees are only 10%. Our Regency Sale buyers fees are still 17.5%. We see no need to change them! 

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Legend Rare Coin Auctions Market Report

Posted by on 8 April 2018

We have finished cataloging the Regency Auction 26. This landmark event features over 850 lots! The sale is in its final order online and you can preview the descriptions and images, bidding begins on Monday, April 16. We are still proof reading and editing, and images still need to be posted. Our beautiful catalog is now being laid out and will be heading off to the printer at the end of next week. We know there is going to be strong interest—there are thousands of views already!

 

Here are some dramatic highlights of the sale. In our opinion these are some of the coolest pieces!

 

Lot 4 $1 1802/1 Close Date. PCGS AU55 CAC

Lot 89 $1 1891-O PCGS MS65 DMPL CAC From the PFM Collection, ex Jack Lee

Lot 229 $1 1934-S PCGS MS66 CAC From the Crow River Collection.

Lot 269 25C 1900-O PCGS MS67+ GOLD CAC From the Premier Barber Collection

Lot 287 50C 1921 PCGS MS65+ CAC From the Premier Walker Collection, ex Newman

Lot 329 1C 1881 PCGS PR66 RD CAM CAC From the Aurora Borealis Collection

Lot 353 1C 1914-D PCGS MS66+ RD

Lot 387 3CN 1865 PCGS PR67 DCAM From the David Poole Collection

Lot 467 H10C 1859 PCGS MS68+ CAC

Lot 474 10C 1836 PCGS MS67+ CAC

Lot 509 25C 1867-S PCGS MS67 CAC

Lot 594 50C 1941 PCGS MS67+ CAC From the Dale Larsen Collection

Lot 651 50C 1923-S Monroe. PCGS MS65

Lot 711 $5 1871-CC PCGS AU58 CAC Ex Oak Crest Collection

Lot 747 $20 1861-O PCGS AU53 CAC

Lot 765 G$1 1852 J-148. PCGS PR64 CAC From the Steven Cook Collection of Patterns, Part 1

 

Next week, we will give you another list of highlights! Now is the time to start making your plans. If you need to preview lots by mail, let us know NOW. If you need to work out payment options, or would like to phone bid, the earlier you have those arrangements made the better.

 

LAST CALL FOR consignments to the April Premier Session! Contact us today to include your coins! Already we have a very impressive array of hand selected RARE coins! We need all coins in house no later than Monday, April 16.

 

 

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Legend Rare Coin Auctions Market Report-March 30, 2018

Posted by on 30 March 2018

This week was extremely busy here at LRCA. Early in the week we broke down the final consignments for the Regency Auction 26. As the final cataloging is being completed in the following days, we are AMAZED by the size and scope of the sale! We are offering our LARGEST sale ever! Featuring 858 lots, the Regency Auction will be featuring the following collections:

 

The Aurora Borealis Collection, Selections of Toned Proof Indian Cents and Toned Morgan Dollars

The P.F.M. Collection of Morgan Dollars, the current #6 set of Mint State Morgan Dollars on the PCGS Set Registry

The Crow River Collection of Peace Dollars

The Premier Collection, including selections of Proof Barber Dimes, Mint State Barber Quarters, Walking Liberty Half Dollars, and Toned Morgan Dollars

The Steve Cook Collection of Patterns, Part I

The David Poole Collection of Proof Three Cent Nickels

The Dale Larsen Collection of Toned Walking Liberty Half Dollars

The Oak Crest Collection of Carson City Half Eagles

 

The first session, billed as “Dollar Day” is already lotted. Images are in the process of being uploaded to our website. We will have the sale open for bidding around April 16, but you can go on and look through the list and watch lots of interest. Clearly with a sale as large as this, there will be something for everyone!

 

As we are finishing the Regency Auction 26, consignments have been pouring in for the April Premier Session. This sale will feature amazing toned Proof Indian Cents from the Aurora Borealis Collection. We already have close to 100 lots in house and will be taking consignments for the next 10 days or so. Check our previous Premier Sessions and see what makes them totally different than ANY other internet based auction. They really are mini-Regency Auctions!

 

We are also now open for consignments for the July Regency Auction 27. Talk to us TODAY to consign!  

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Legend Rare Coin Auctions Market Report March 16, 2018

Posted by on 16 March 2018

The March Sessions Sale is now posted for bidding, featuring 142 hand selected lots. Bidding concludes Sunday, March 25 and there will be something for everyone in this sale. From high quality large cents to serious collector oriented Bust half dollars to beautiful toned dollars to better gold. The highlight of the sale include a trio of High Relief double eagles in PCGS AU58 to MS63. Also of interest is a choice AU 1836 Reeded Edge half in NGC AU55 CAC. There really is something for everyone.

 

LAST CALL FOR MAY REGENCY AUCTION 26! We are closing the sale to consignments at Baltimore. We will have close to 750 lots in this sale. It will be a MAJOR numismatic event! Consignments have been pouring in. From early type to rare date gold, monster toned Morgan dollars to specialized sets we know there will be huge participation. We have been previewing the sale as consignments get uploaded. If you have not yet checked it out, do so. Make plans to attend!

 

This week we were consigned the Steven Cook Collection of Pattern Coins. This collection, assembled over the last 15 or so years contains about 170 pieces, and will be sold in two parts, the first selection will be offered in Regency Auction 26 and the second will be in the July Regency Auction 27. Stay tuned for details.

 

Also this week we were consigned a SUPERB partial collection of AMAZING GEM Barber quarters! The Premier Collection of Mint State Barber Quarters will certainly draw serious attention from collectors in May. Each coin is graded MS66 to MS67+ and all are PCGS/CAC. Again, stay tuned for details.

 

As you can see the May Regency Auction will be our largest and most diverse offering ever! Plan to participate!

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