Options
Legend Market Report -ANA
Justacommeman
Posts: 22,852 ✭✭✭✭✭
Walker Proof Digital Album
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
0
Comments
AB
EAC 6024
<< <i>These reports are more advertising than true reports. Cheers, RickO >>
<< <i>These reports are more advertising than true reports. Cheers, RickO >>
If that bothers you, then don't open the thread? Shrug.
How much softer can commems get?
I am not trying to be any more difficult than usual, but it seems that they have been soft for quite awhile now
Experience the World through Numismatics...it's more than you can imagine.
<< <i>Question-
How much softer can commems get?
I am not trying to be any more difficult than usual, but it seems that they have been soft for quite awhile now >>
Sounds like a buying opportunity.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>These reports are more advertising than true reports. Cheers, RickO >>
If that bothers you, then don't open the thread? Shrug. >>
Did he write that it bothers him? Once again, you are putting words in other peoples' mouths.
Why not put in your signature what your business relationship is with Laura and Legend?
<< <i>
<< <i>
<< <i>These reports are more advertising than true reports. Cheers, RickO >>
If that bothers you, then don't open the thread? Shrug. >>
Did he write that it bothers him? Once again, you are putting words in other peoples' mouths.
Why not put in your signature what your business relationship is with Laura and Legend? >>
Oh look - I have a stalker. I feel all warm and fuzzy now...
We'll use our hands and hearts and if we must we'll use our heads.
Rainbow Stars
Retailers (and collectors too) who don't pay attention to how much they pay for great/monster coins can certainly get obliterated in this market. Such a policy works better when the market is running on white heat such as from 2005-2008 when it was hard to pay too much for a great coin. Even if you did, the market would bail you out in a few months or by the following year. Anyone employing that strategy from 1990-1996 probably got their butts handed to them as price was every bit as important as quality during that period. Anyone can leave their hand up at auction and buy a great coin. Whether you can profit by it is another question entirely. The fact that Legend bought the Duckor 1905 half on spec and had suitors interested at higher levels also speaks to their marketing abilities as well as their technical expertise. If J6P collector had bought that coin do you think the same number of dealers/collectors would have been knocking at his/her door to pay more?
I think I'd take the other side of the bet that the eventual owner of that 1905 MS68 half will make "huge money in the years to come." If that's 5-15 yrs, maybe so. Everyone will make huge money (non-inflation adjusted) in a high inflation environment if it comes around again. If that 1905 half becomes a barn-burner, then you can bet the entire coin market would have experienced hyper-liftoff as well. I don't think the finest graded PCGS MS68 seated no motto half would sell for that much right now...and that might be an 1859-s to boot. For all intensive purposes the 1905 half realized MS69 money which is probably essentially what PCGS thinks it is....but not yet ready to plop that label down on a Barber half. But it will happen eventually whether this coin or another. So the secure + has opened up the doors wider for a type set collector looking for an edge on everyone else who just has a "68." And in a 20th century REG type set, the Barber half is the money coin...though Stewart with his unique 1919 Lincoln cent might disagree.
Very surprised to find Legend as the underbidder on that MS68 1944 half at $100K+. With around 80 Walkers already graded PCGS MS68 it's only a matter of time before the first MS69 comes out. And if it's not this coin, that sure is going to hurt.
roadrunner
Experience the World through Numismatics...it's more than you can imagine.
I remember as a high school kid visiting a dealer who had a bid board who also had many rolls of 38 D Nickels in Unc. in stock. I bought one coin ; he was selling singles for $2 each. It would have graded MS 66 or better by today's standards. I also picked up a 42 S and 43 S Quarter which would grade MS 65 today for the same price. Attractive later date Walkers were available for the same price. No one wanted this stuff.
My point is that I wouldn' t be surprised if there are more MS 68 44P Walkers out there, which dovetails into Roadrunner's comments. This coin reminds me of the "finest known" 53 S Franklin in MS 66. Several years later, a second 6 was made, and the buyer of the first coin sold his coin for roughly half what he paid for it.
Stepping up for monster coins might be a good idea, but I think it all depends on the particular coin and how many potential contacts the buyer has for said coin. Personally, I'd step up for an older coin where the chances of another one like it being made are more remote.
"Seu cabra da peste,
"Sou Mangueira......."
Yes. And in this case the appeal of a 1905 Barber half as a type coin expands its appeal beyond the REG date set. Better still, there are only around 1/8th as many PCGS MS68 Barber halves vs MS68 Walkers. So with both coins in the same general price range the Barber makes a lot more sense. Running into another Barber half in MS68+ with that kind of toning is going to be difficult. But it's almost a certainty imo that a finer graded MS 1944 half will come to light, as well as multiple MS69 Walkers for type. Just give it time. I remember some of the hype when the first MS69 Morgan was made and the price was around $100,000 (as I recall). Today, Morgans are on about equal footing with MS68 Barber halves (about 9-10) each.
roadrunner
Here's my question for everyone.... When has quality NOT been king? Was there a time when crap was king? I understand it was a big and exciting show with lots of cool toys selling so it may have been slightly more obvious at this show.....but really, When has quality NOT been king? Not slamming anyone or being negative...I've done that before...just trying to ask a real question.
Not really looking for much these days but if I were, it might be a toner.