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Comments

  • SeattleSlammerSeattleSlammer Posts: 8,812 ✭✭✭✭✭

    They’ve been “crippled” !

    And the “Wannbes are sucking up dreck” !

    :joy:

  • northcoinnorthcoin Posts: 4,881 ✭✭✭✭✭

    Sounds like a realistic assessment. Thanks for posting.

  • MilesWaitsMilesWaits Posts: 3,248 ✭✭✭✭✭

    No wine or food pics? It’s time to up her game to attract new sellers.

    Waiting for the swell in PM's and surf.
  • logger7logger7 Posts: 4,315 ✭✭✭✭✭

    I agree that there is enough crazy money out there chasing high grade rarities, that the usual rules may not apply. One mention of a coin did not add the grade: "$10 1908D Motto PCGS CAC".

  • GazesGazes Posts: 1,431 ✭✭✭✭✭

    @logger7 said:
    I agree that there is enough crazy money out there chasing high grade rarities, that the usual rules may not apply. One mention of a coin did not add the grade: "$10 1908D Motto PCGS CAC".

    since the highest CAC for that date is a single MS65---i am assuming the grade is 65

  • rickoricko Posts: 67,042 ✭✭✭✭✭

    Interesting, and unusual report for Laura.....I do not recall such a 'down' report from her. Cheers, RickO

  • blitzdudeblitzdude Posts: 1,595 ✭✭✭✭✭
    edited January 13, 2019 6:08PM

    Legends "high end" is often just another mans widget. Congrats!

  • Cougar1978Cougar1978 Posts: 3,793 ✭✭✭✭✭
    edited January 14, 2019 6:24AM

    Interesting report. Impressive show sales volume. Super newps. High auction bidding at least shows interest out there.

    I feel uneasy when I win all my auction bids. So if lose some at least feel market not dead.

    Creekside Tangible Assets - US & World Coins & Currency
  • logger7logger7 Posts: 4,315 ✭✭✭✭✭

    Top professionals like Laura have been through years of numismatic challenges, standing for ethics and quality standards, you have to admire all that. If I were as successful as she has been I would be hiring the best and brightest to make her numismatic company look really good, even having an image consultant writing the reports.

  • ttownttown Posts: 4,382 ✭✭✭

    I enjoy both. As they say "sometimes you have to agree to disagree" it's not all that important in the big scheme of things, been on both sides or could be. As they say in this song "people are crazy"🤣

    https://m.youtube.com/watch?v=PKpQRjj_WbU

  • 1peter12231peter1223 Posts: 486 ✭✭✭

    Thanks , liked reading the report . Their reports have been accurate , and similar to what i have heard from other collectors and some dealers .

  • ZoinsZoins Posts: 19,283 ✭✭✭✭✭

    I liked the report. I like the directness and candidness I’ve come to expect from Laura.

    Seems like the market is very strong.

  • RYKRYK Posts: 35,344 ✭✭✭✭✭

    @marcmoish said:

    @Colonialcoin said:

    @specialist said:
    This damn show put me in the hospital. It was my worst FUN Show ever.

    Oh, I went out and drank up nasty wine, while eating whatever, and saw the lights of the city. And look how pretty my coins are. Sorry, I don't say that stuff. My customers want to know how my show was and the market. I said it from my point of view,

    No one is holding a gun to anyones head to read it

    I appreciate it when a dealer does not always wear rose colored glasses and is open and upfront. My go to dealer(s) tell me honestly how things went. If it was great, then it was great, if it was horrible, then it was horrible. It doesn’t affect my buying, but it is always good to hear what is really going on from a specialists(no pun intended) point of view.

    Totally agree, I'm not even close to her primary upper-tier clientele base, but always appreciate her reports and raw feels. Her spelling makes it even more real imho.

    The constant condescending comments by some of us here about her, is pretty off putting, is this jealousy or what? No need to knock her reports. They are for her clients. This was posted here off HER website for her clients.

    If you could search the history of this forum, I would guess that more has been written about Legend Market Reports and Hot Topics (essentially Laura's blogs) than any other single topic.


    "There are no called strikes in coin collecting."--Henry David Thoreau RYK
  • BuffaloIronTailBuffaloIronTail Posts: 3,731 ✭✭✭✭✭

    You can all say what you want, but Laura seems to get the most reactions out of almost anyone else that posts here.

    Whatever publicity she makes, it still is PUBLICITY nonetheless.

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • johnny9434johnny9434 Posts: 19,451 ✭✭✭✭✭

    @specialist said:
    This damn show put me in the hospital. It was my worst FUN Show ever.

    Oh, I went out and drank up nasty wine, while eating whatever, and saw the lights of the city. And look how pretty my coins are. Sorry, I don't say that stuff. My customers want to know how my show was and the market. I said it from my point of view,

    No one is holding a gun to anyones head to read it

    it was putrid, I had to go home as well. my gout will be acting up for months now :(

  • BlindedByEgoBlindedByEgo Posts: 10,750 ✭✭✭✭✭

    I'm a huuuge fan of humility. Thanks for the link.

  • RYKRYK Posts: 35,344 ✭✭✭✭✭

    Wow, I had no idea that Laura was back in the forum!


    "There are no called strikes in coin collecting."--Henry David Thoreau RYK
  • zski123zski123 Posts: 176 ✭✭✭

    I was turned off by the negative "dreck" comment echoed on this thread. The dreck is the underpinning of any hobby. If this hobby is to survive and flourish, we need a big tent. I love talking to the everyday guy/gal at the show but detest the extensive snobbery especially among those who criticize coins they could never afford.

    I thought the show was great! It's my fourth FUN show and won't be my last. Rise up dreck!

  • tradedollarnuttradedollarnut Posts: 18,842 ✭✭✭✭✭

    @johnny9434 said:

    @specialist said:
    This damn show put me in the hospital. It was my worst FUN Show ever.

    Oh, I went out and drank up nasty wine, while eating whatever, and saw the lights of the city. And look how pretty my coins are. Sorry, I don't say that stuff. My customers want to know how my show was and the market. I said it from my point of view,

    No one is holding a gun to anyones head to read it

    it was putrid, I had to go home as well. my gout will be acting up for months now :(

    Colchicine!!!

  • tradedollarnuttradedollarnut Posts: 18,842 ✭✭✭✭✭

    @zski123 said:
    I was turned off by the negative "dreck" comment echoed on this thread. The dreck is the underpinning of any hobby. If this hobby is to survive and flourish, we need a big tent. I love talking to the everyday guy/gal at the show but detest the extensive snobbery especially among those who criticize coins they could never afford.

    I thought the show was great! It's my fourth FUN show and won't be my last. Rise up dreck!

    Do you know what dreck is? Based upon your comments, I think not

  • 1peter12231peter1223 Posts: 486 ✭✭✭
    edited January 14, 2019 2:44PM

    @ranshdow said:
    FWIW Laura I think you are winning converts for style & honesty. Don't let the b******s get you down.

    Agree . I love honesty and candor even if it is blunt . Like the knowledge on so many U.S. coin series too.

  • cameonut2011cameonut2011 Posts: 6,033 ✭✭✭✭✭

    @RYK said:

    @marcmoish said:

    @Colonialcoin said:

    @specialist said:
    This damn show put me in the hospital. It was my worst FUN Show ever.

    Oh, I went out and drank up nasty wine, while eating whatever, and saw the lights of the city. And look how pretty my coins are. Sorry, I don't say that stuff. My customers want to know how my show was and the market. I said it from my point of view,

    No one is holding a gun to anyones head to read it

    I appreciate it when a dealer does not always wear rose colored glasses and is open and upfront. My go to dealer(s) tell me honestly how things went. If it was great, then it was great, if it was horrible, then it was horrible. It doesn’t affect my buying, but it is always good to hear what is really going on from a specialists(no pun intended) point of view.

    Totally agree, I'm not even close to her primary upper-tier clientele base, but always appreciate her reports and raw feels. Her spelling makes it even more real imho.

    The constant condescending comments by some of us here about her, is pretty off putting, is this jealousy or what? No need to knock her reports. They are for her clients. This was posted here off HER website for her clients.

    If you could search the history of this forum, I would guess that more has been written about Legend Market Reports and Hot Topics (essentially Laura's blogs) than any other single topic.

    No way.... CAC threads and eBay threads eclipse Legend threads by many orders of magnitude.

  • BlindedByEgoBlindedByEgo Posts: 10,750 ✭✭✭✭✭

    @tradedollarnut said:

    @zski123 said:
    I was turned off by the negative "dreck" comment echoed on this thread. The dreck is the underpinning of any hobby. If this hobby is to survive and flourish, we need a big tent. I love talking to the everyday guy/gal at the show but detest the extensive snobbery especially among those who criticize coins they could never afford.

    I thought the show was great! It's my fourth FUN show and won't be my last. Rise up dreck!

    Do you know what dreck is? Based upon your comments, I think not

    Dreck is a Yiddish word for garbage, rubbish, etc. with a strongly negative connotation. That is all.

  • bestdaybestday Posts: 4,029 ✭✭✭✭

    @thebigeng said:
    The other reports from this show I have read from forum members that were there are always more relevant to me than Laura's...

    Laura a good read on upper end of market B)

  • ElmhurstElmhurst Posts: 572 ✭✭✭

    I buy from Legend occasionally, but am into mostly foreign now. I notice that a lot Canadian dreck is going for strong money in recent and current auctions, and quality pieces are going for retail plus.

  • RYKRYK Posts: 35,344 ✭✭✭✭✭

    @cameonut2011 said:

    @RYK said:

    @marcmoish said:

    @Colonialcoin said:

    @specialist said:
    This damn show put me in the hospital. It was my worst FUN Show ever.

    Oh, I went out and drank up nasty wine, while eating whatever, and saw the lights of the city. And look how pretty my coins are. Sorry, I don't say that stuff. My customers want to know how my show was and the market. I said it from my point of view,

    No one is holding a gun to anyones head to read it

    I appreciate it when a dealer does not always wear rose colored glasses and is open and upfront. My go to dealer(s) tell me honestly how things went. If it was great, then it was great, if it was horrible, then it was horrible. It doesn’t affect my buying, but it is always good to hear what is really going on from a specialists(no pun intended) point of view.

    Totally agree, I'm not even close to her primary upper-tier clientele base, but always appreciate her reports and raw feels. Her spelling makes it even more real imho.

    The constant condescending comments by some of us here about her, is pretty off putting, is this jealousy or what? No need to knock her reports. They are for her clients. This was posted here off HER website for her clients.

    If you could search the history of this forum, I would guess that more has been written about Legend Market Reports and Hot Topics (essentially Laura's blogs) than any other single topic.

    No way.... CAC threads and eBay threads eclipse Legend threads by many orders of magnitude.

    As a category, eBay threads would win, but I do not consider them a distinct category as each seller has an individual reputation, storefront, etc.

    As for the CAC category argument, Laura has been inspiring blockbuster threads long before the CAC existed. And for the first few years of operation, the CAC threads were summarily deleted (no matter how rich in content), so they never existed. ;) While any individual CAC megathread might eclipse the longest Legend thread, I would have to still give Legend the crown for the body of (existing) work over time.


    "There are no called strikes in coin collecting."--Henry David Thoreau RYK
  • tradedollarnuttradedollarnut Posts: 18,842 ✭✭✭✭✭

    @BlindedByEgo said:

    @tradedollarnut said:

    @zski123 said:
    I was turned off by the negative "dreck" comment echoed on this thread. The dreck is the underpinning of any hobby. If this hobby is to survive and flourish, we need a big tent. I love talking to the everyday guy/gal at the show but detest the extensive snobbery especially among those who criticize coins they could never afford.

    I thought the show was great! It's my fourth FUN show and won't be my last. Rise up dreck!

    Do you know what dreck is? Based upon your comments, I think not

    Dreck is a Yiddish word for garbage, rubbish, etc. with a strongly negative connotation. That is all.

    Dreck in coin terminology is an overgraded or problem coin. If someone wants to go out of their way to collect those, more power to them

  • TopoftheHillTopoftheHill Posts: 172 ✭✭✭

    I was surprised by the high prices some coins realized at auction. Bourse activity seemed to be slow, with several dealers I spoke to complaining about same.

  • specialistspecialist Posts: 963 ✭✭✭✭✭

    All my report said-I had a bad show (we expected to buy $6-8 million in the auction) and overall the market seemed okay, If you had that kind of buying disappear on you you'd be angry and unhappy too.

    There really was nothing cool on the floor to buy (for us).

  • BlindedByEgoBlindedByEgo Posts: 10,750 ✭✭✭✭✭

    @tradedollarnut said:

    @BlindedByEgo said:

    @tradedollarnut said:

    @zski123 said:
    I was turned off by the negative "dreck" comment echoed on this thread. The dreck is the underpinning of any hobby. If this hobby is to survive and flourish, we need a big tent. I love talking to the everyday guy/gal at the show but detest the extensive snobbery especially among those who criticize coins they could never afford.

    I thought the show was great! It's my fourth FUN show and won't be my last. Rise up dreck!

    Do you know what dreck is? Based upon your comments, I think not

    Dreck is a Yiddish word for garbage, rubbish, etc. with a strongly negative connotation. That is all.

    Dreck in coin terminology is an overgraded or problem coin. If someone wants to go out of their way to collect those, more power to them

    Let me start by saying that I have a great deal of respect for the talents, knowledge and buying power of @tradedollarnut and @specialist , along with even more respect for their willingness to share their coin conquests.

    It is just that I have personally heard and read pejorative terms used for the "bottom tier" of coin collecting, such as "widget" and "dreck" - not necessarily only for problem coins, but seemingly even for coins which represent a collecting class well beneath the financial means and collecting interests of the upper echelon of the numismatic world. A lightly cleaned XF 1909 S VDB my uncle gave me when I was 12 lit me on fire for coins - no doubt dreck, but well-loved.

    It is my assertion and belief that this (possibly inadvertent) condescension is not really good for the hobby in general. I will defend to my dying breath anybody's right to free speech, I just pray for a bit of forbearance in considering how such language may impact a new or up and coming collector - who may one day be in the very position to help sustain trading in the upper echelons of the business.

  • fcfc Posts: 12,718 ✭✭✭
    edited January 15, 2019 12:04AM

    @BlindedByEgo said:

    @tradedollarnut said:

    @BlindedByEgo said:

    @tradedollarnut said:

    @zski123 said:
    I was turned off by the negative "dreck" comment echoed on this thread. The dreck is the underpinning of any hobby. If this hobby is to survive and flourish, we need a big tent. I love talking to the everyday guy/gal at the show but detest the extensive snobbery especially among those who criticize coins they could never afford.

    I thought the show was great! It's my fourth FUN show and won't be my last. Rise up dreck!

    Do you know what dreck is? Based upon your comments, I think not

    Dreck is a Yiddish word for garbage, rubbish, etc. with a strongly negative connotation. That is all.

    Dreck in coin terminology is an overgraded or problem coin. If someone wants to go out of their way to collect those, more power to them

    Let me start by saying that I have a great deal of respect for the talents, knowledge and buying power of @tradedollarnut and @specialist , along with even more respect for their willingness to share their coin conquests.

    It is just that I have personally heard and read pejorative terms used for the "bottom tier" of coin collecting, such as "widget" and "dreck" - not necessarily only for problem coins, but seemingly even for coins which represent a collecting class well beneath the financial means and collecting interests of the upper echelon of the numismatic world. A lightly cleaned XF 1909 S VDB my uncle gave me when I was 12 lit me on fire for coins - no doubt dreck, but well-loved.

    It is my assertion and belief that this (possibly inadvertent) condescension is not really good for the hobby in general. I will defend to my dying breath anybody's right to free speech, I just pray for a bit of forbearance in considering how such language may impact a new or up and coming collector - who may one day be in the very position to help sustain trading in the upper echelons of the business.

    I think in Laura's case dreck can be a 500,000 or 1.5 million coin. I bet you a nickel she loves inexpensive coins that are properly graded, good looking, and cool. But that is not her thing. She uses it in a generic way for her category of buying. And I do think new collectors should be aware of what it means. The sooner the better.

  • BlindedByEgoBlindedByEgo Posts: 10,750 ✭✭✭✭✭

    My takeaway is that if one knows better, one will do better, and again, this is supported by what Laura is saying and teaching. I stand by my previous post, but I really want to re-emphasize that it wasn't a knock on anyone, only an expression of my observations.

  • lavalava Posts: 3,280 ✭✭✭

    It appears from the comments above that the meaning of the report would be much clearer if dreck was described with some examples. Dreck obviously means different things to different people.

    I brake for ear bars.
  • 7Jaguars7Jaguars Posts: 5,052 ✭✭✭✭

    I think TDN tried to [re]define the meaning, essentially overgrazed coins in their plastic. However, I think the term has been used more broadly, and intimation that it really was lower valued coins & "average" coins that were beneath either of the two principals mentioned.

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • RYKRYK Posts: 35,344 ✭✭✭✭✭
    edited January 15, 2019 6:18AM

    @7Jaguars said:
    I think TDN tried to [re]define the meaning, essentially overgrazed coins in their plastic. However, I think the term has been used more broadly, and intimation that it really was lower valued coins & "average" coins that were beneath either of the two principals mentioned.

    If it has been used more broadly, it has not used in this broad context, in the past, by TDN or Laura. In fact, I challenge you (or anyone else who thinks so) to demonstrate otherwise, Both TDN and Laura have been writing about coins on the internet for many years, so if this is the case, it should be easy to prove.

    Dreck coins are those that are lousy for the grade, overgraded, cleaned, etc. Nobody would consider a lovely original Barber half in an AU-50 holder that is more realistically an XF-45 to be dreck. But a cleaned, ugly Barber half that is net graded AU-50...dude, that’s dreck.


    "There are no called strikes in coin collecting."--Henry David Thoreau RYK
  • YorkshiremanYorkshireman Posts: 2,933 ✭✭✭✭✭

    While realizing her target market for coins and collectors is much different that most dealers, it is very interesting that some dealers wrote of great shows with a list of “barn burner” NEWPS. Laura’s show almost sent her to the emergency room because it was so bad.
    Hmmm...

    Yorkshireman
    Obsessed collector of pieces of history.



    Yorkshireman's Box of 20
  • rickoricko Posts: 67,042 ✭✭✭✭✭

    While I did comment that it was an unusual show report for Laura, I wholeheartedly appreciate her candor. Business in the real world will not survive without honest assessments of the market and performance. Cheers, RickO

  • tradedollarnuttradedollarnut Posts: 18,842 ✭✭✭✭✭

    @RYK said:

    @7Jaguars said:
    I think TDN tried to [re]define the meaning, essentially overgrazed coins in their plastic. However, I think the term has been used more broadly, and intimation that it really was lower valued coins & "average" coins that were beneath either of the two principals mentioned.

    If it has been used more broadly, it has not used in this broad context, in the past, by TDN or Laura. In fact, I challenge you (or anyone else who thinks so) to demonstrate otherwise, Both TDN and Laura have been writing about coins on the internet for many years, so if this is the case, it should be easy to prove.

    Dreck coins are those that are lousy for the grade, overgraded, cleaned, etc. Nobody would consider a lovely original Barber half in an AU-50 holder that is more realistically an XF-45 to be dreck. But a cleaned, ugly Barber half that is net graded AU-50...dude, that’s dreck.

    Exactly. Well said

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