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stealing Justacommeman's job.... legend report up-

joebb21joebb21 Posts: 4,790 ✭✭✭✭✭
in U.S. Coin Forum
report

"One more thing about dreck, if you have lousy coins, TAKE YOUR LOSSES AND SELL NOW! We know what is happening in the market, there will be an even bigger pricing divide between quality and not so quality coins as time goes on. The market will NOT bail you out. And no, these comments are not self serving to stir up business.

I just wanted to add this quote in.
reason being it made me think of "the big one..."
may the fonz be with you...always...

Comments

  • COALPORTERCOALPORTER Posts: 2,900 ✭✭
    BUY COINS NOW!
    SELL COINS NOW!
    FLOOD THE MARKET WITH DRECK BECAUSE DRECK IS HOLDING THINGS BACK SO ADDING MORE DRECK WILL FORCE PRICES HIGHER ? hmmmmmmmmmmmmmmm I SEE image

  • LeeGLeeG Posts: 12,162 ✭
    WHATS HOT:

    Walkers+Commems of all grades were top sellers. image



    image


    image
  • PerryHallPerryHall Posts: 47,057 ✭✭✭✭✭


    << <i>"One more thing about dreck, if you have lousy coins, TAKE YOUR LOSSES AND SELL NOW! We know what is happening in the market, there will be an even bigger pricing divide between quality and not so quality coins as time goes on. The market will NOT bail you out. And no, these comments are not self serving to stir up business." >>



    Just like a broken record, she keeps repeating herself.

    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

  • AngryTurtleAngryTurtle Posts: 1,591 ✭✭✭


    << <i>BUY COINS NOW!
    SELL COINS NOW!
    FLOOD THE MARKET WITH DRECK BECAUSE DRECK IS HOLDING THINGS BACK SO ADDING MORE DRECK WILL FORCE PRICES HIGHER ? hmmmmmmmmmmmmmmm I SEE image >>

    image
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>

    << <i>"One more thing about dreck, if you have lousy coins, TAKE YOUR LOSSES AND SELL NOW! We know what is happening in the market, there will be an even bigger pricing divide between quality and not so quality coins as time goes on. The market will NOT bail you out. And no, these comments are not self serving to stir up business." >>



    Just like a broken record, she keeps repeating herself. >>

    I think that overall, her advice is sound, and see nothing wrong with repeating it. Do you think or expect that she should change her tune and tell people they should keep their off quality coins? That the market will bail them out? That the pricing divide will narrow?
  • WaterSportWaterSport Posts: 6,946 ✭✭✭✭✭
    I think that is the best and most responsible report Legend has ever posted. I agree with it 100%. And the best news, they stopped combining the high end market they play in with the overall market activity.

    WS (aka the Pimple)
    Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
  • 291fifth291fifth Posts: 24,817 ✭✭✭✭✭
    An interesting report.

    I haven't bought a US coin in over 18 months, but I have sold some on eBay. Coins in the holders eBay recognizes all did reasonably well, though I would estimate that prices have dropped 10-20% in that time. Two coins in holders that eBay does not recognize absolutely died even though they were correctly graded and had good photos.
    All glory is fleeting.
  • notwilightnotwilight Posts: 12,864 ✭✭✭
    I really don't see any basis for the call made on the future of low value coins. She may be right but what supports the price of low value coins is totally different than what supports the price of the coins she sells. Apparently she does watch "dreck" even though she doesn't deal in it. Maybe she's right. But I can think of many examples elsewhere when demand outstripped supply and floated all boats. For example, was anybody drinking red wine in the late 90s?

    --Jerry
  • joebb21joebb21 Posts: 4,790 ✭✭✭✭✭
    I agreed with almost everyhting she said- and that comment was just from what I noticed at the baltimore show. though- when I walked by her table twice, there wasnt any customers within ten feet. it must be the intimidation.
    may the fonz be with you...always...
  • yellowkidyellowkid Posts: 5,486 ✭
    Where is MJ? He is conspicuous in his absence! Nice to hear commems were selling, I bought three.image
  • ArizonaJackArizonaJack Posts: 4,029 ✭✭✭
    I find Laura's reports very informative, very knowledgable and am in no way in a position to diss them. The lady knows coins. Deal with it.
    " YOU SUCK " Awarded 5/18/08
  • USAFRETWIUSAFRETWI Posts: 464 ✭✭✭
    I disagree about the Barber coinage, halves are crazy priced and seem to be selling very well.
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭


    << <i>Where is MJ? He is conspicuous in his absence! Nice to hear commems were selling, I bought three.image >>


    I've been in Europe the past ten days. In Paris now FREEZING. Joe, thanks for picking up my slackimage

    FYI- Laura busted my chops in Vegas for my posting of the Legends reports. She couldn't figure out why I would want to be hit with some of her deflected shrapnel that posting her reports often brings.
    I just happen to think she has a great pulse on their market and I don't miss a read. Call me intrigued. MJ
    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......
  • DennisHDennisH Posts: 14,015 ✭✭✭✭✭
    I see that Legend is still not using a spell-checker.
    When in doubt, don't.
  • kazkaz Posts: 9,300 ✭✭✭✭✭
    I object to the use of the term "colored dollars." May we please refer to them as, "dollars of color?"
  • BearBear Posts: 18,953 ✭✭✭
    Low grade coins do not necessarily deserve the dreaded "D" word. If the coin has nice even wear,
    no distracting scratches, gouges, or other marks and has surfaces that have not been rubbed, whizzed
    or otherwise played with, then it is a nice coin and highly collectible. Laura does not sell these type of
    coins, but they indeed can make a lovely, low cost collection if selected properly.

    As for mid level and expensive coins, the accurate assessment of such coins always bears rep[eating
    when the report continues to be true. Legend really does the high dollar business and they do not have
    to engage in hyperbole in order to make a buck.
    There once was a place called
    Camelotimage
  • ecichlidecichlid Posts: 1,212 ✭✭✭
    If you have big bucks to spend on coins and you are more of an investor/collector, then you fit Legend's demographic. Plain and simple. Are there exceptions to this rule? Of course. Bear is a good example, but last I read he owns a small collection in terms of the number of coins he owns. (feel free to correct me Bear!)

    Anyone who values Legend's report is concerned about the current market and where it's going. Pure collectors don't give a "hoot". They collect what they like and don't
    care about anyone's market report.

    My collection is mostly "drek", you might say. I just do not have the urge to sell my collection so that I can buy one or two Legend coins. I'm not one for the hype.
    There is no "AT" or "NT". We only have "market acceptable" or "not market acceptable.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>.......
    Anyone who values Legend's report is concerned about the current market and where it's going. Pure collectors don't give a "hoot". They collect what they like and don't
    care about anyone's market report...... >>

    I disagree. I know many collectors who like to keep up with market conditions and read such reports, despite the fact that they have absolutely no intention of selling any time in the foreseeable future. Keeping abreast of hobby happenings can be enjoyable and informative, without having to act upon it.
  • MidLifeCrisisMidLifeCrisis Posts: 10,584 ✭✭✭✭✭


    << <i>

    << <i>.......
    Anyone who values Legend's report is concerned about the current market and where it's going. Pure collectors don't give a "hoot". They collect what they like and don't
    care about anyone's market report...... >>

    I disagree. I know many collectors who like to keep up with market conditions and read such reports, despite the fact that they have absolutely no intention of selling any time in the foreseeable future. Keeping abreast of hobby happenings can be enjoyable and informative, without having to act upon it. >>


    image Mark Feld.
  • ecichlidecichlid Posts: 1,212 ✭✭✭

    I agree with your point to a degree Mark. It's sort of like the sports fan who follows the salaries of athletes. I really don't care what an athlete gets paid, he just better perform on Sunday. If someone else wants to follow their salaries and still enjoys watching the game, I can understand that.

    The fact is I won't sell any of my coins because of a recent coin trend (read fad!). In addition, I won't purchase a coin just because it's it's a high end grade. So what? If anyone wants to see examples lower grade coins that has moved up in value, just open your eyes. It's not hard to see.

    I feel bad for collectors who let trends set their buying habits. Perhaps they are playing with all the money they've got. It would taint the hobby for me. But that's for me, to each their own. image
    There is no "AT" or "NT". We only have "market acceptable" or "not market acceptable.

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