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September 2018 Long Beach Expo Market Report

Posted by on 7 September 2018

Greetings from the Long Beach Expo bourse floor, from our table 601.

WOW, is the bourse floor is DRY! There are not many LRCA caliber coins floating around. Jessica and Laura spent hours scouring the show for consignments for upcoming auctions. They found very little. We note that the market is doing just fine, just looking at bidding on the two LRCA events currently open for bidding, demand is very strong (more on this below). We think the massive ANA auctions are still being digested (between the two official events, there were over $80 million in U.S., World, Ancient Coins and U.S. and World Banknotes). You can see this playing out in the somewhat smaller than normal auctions that took place this week.

Collectors and dealers alike came by our table to review our two September auctions, the Regency Auction 28 and the September Premier Session (which opened for bidding last night). Every comment has been very positive regarding the amazing quality of the coins being sold. We cannot wait to see the printed catalogs, which will be hitting mail boxes next week.

September Premier Sessions.

There are 164 hand selected lots in this sale, featuring many really cool coins for collectors of all areas, just take a look at some of these highlights, but also you really should take a look at the very pretty toned collection of 1936 commemoratives. This group is very fresh and totally original, and includes some GOLD CAC pieces.

Other highlights are:

Lot 2. 1C 1877 PCGS MS64 RB

Lot 15. 2C 1872 PCGS MS64+ RB

Lot 41. H10C 1795 PCGS AU50 CAC

Lot 52. 25C 1796 PCGS AG3 CAC

Lot 61. 25C 1920-D NGC MS64 FH

Lot 78. 50C 1957 PCGS MS67 FBL CAC

Lot 98. $1 1893 PCGS PR66 CAM CAC

Lot 111. $5 1844-D PCGS AU58

Lot 123. $20 1865 PCGS AU53 CAC

Be sure to get your bids in, the sale will close live, Sunday, September 16, beginning at 9pm eastern.

Regency Auction 28.

Really is hitting its stride, it is strong and continuing to build! This sale is going to be a blockbuster! It really proves that quality is paramount in today’s market. If registrations continue on the pace they have in the first week, this will have, by far, the largest number of bidders participating, and that will result in very strong bids. There is a lot of excitement surrounding this auction. Collectors and dealers have been talking about this sale since it was posted last week, and the amount of buzz around it is very strong. Be sure you get all your ducks in a row. If you need to make any presale arrangements, such as lot viewing in our office, phone bidding, payment considerations, or any other issues, please call us at 732-935-1168.

We are also hosting, along with our friends at PCGS, a special party on the afternoon of Wednesday, September 26, from 3-5pm in the Clique Bar and Grill at the Cosmo. We will have on display, three of the most valuable U.S. Rarities, all part of our partner, Bruce Morelan’s personal collection:

The 1794 silver dollar in PCGS Specimen-66 CAC from the Neill, Carter, Cardinal Collection; the Dexter-Dunham-Pogue 1804 dollar in PCGS PR65; and his most recent acquisition, the famed Eliasberg 1913 nickel in PCGS PR66 CAC. This party is open to any registered bidder who is in attendance in Las Vegas, and gives you an opportunity to meet with Bruce and Laura, to discuss these WORLD CLASS rarities!

 

Closing thoughts for this week:

Legend Rare Coin Auctions pledges to be a firm that you can always count on to have the best coins, and best experience, whether you are a buyer or seller. We may not be the oldest or largest auction company in numismatics, but by living by our motto, “a happy buyer, makes a happy seller,” we strive to be the best. To this end, LRCA will always make adjustments to our process to make sure that your experience is always the best.

As always, if you have any questions, or to consign, do not hesitate to call or email. You can reach Julie Abrams, president, at [email protected]; Greg Cohen, senior numismatist, at [email protected]; or Jessica Berkman, consignment specialist, at [email protected]. Or call 732-935-1168.

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