No matter how you feel about Legend, every one on their reports gets considerable coverage and "air time" here. I am certain they are laughing and thanking everyone for the free publicity. And for the record, I have purchased from, and sold coins to, Legend over the last 13 years. They are very knowledgeable and easy to talk to.
Larry L.
Autism Awareness: There is no limit to the good you can do, if you don't care who gets the credit.
<< <i>No matter how you feel about Legend, every one on their reports gets considerable coverage and "air time" here. I am certain they are laughing and thanking everyone for the free publicity. And for the record, I have purchased from, and sold coins to, Legend over the last 13 years. They are very knowledgeable and easy to talk to.
Larry L.
>>
Legend is a pleasure to work with and they have come up with some exceptional original coins.
Great coins are not cheap,and cheap coins are not great!
<< <i>I submitted about 58 coins to cac. I gave legend some coins for their stealth team after the coins didn't pass cac standards.
Not all, but most Some I kept as I disagreed with cac but. I am glad I did give most to legend and mostly took losses.......except for one big coin that I actually made 7% profit ( almost a 6 figure coin). That's a coin story for the future.
All in all I batted about 50% with what I did give to cac......after that I became a turtle for a few months and I remain on a short leash with myself as I was in shock. Still am sorta.
Over >>
IMO, you just received extraordinarly valuable feedback on your buying habits and now need to adjust accordingly >>
Totally agree.
I manage money. I earn money. I save money . I give away money. I collect money. I don’t love money . I do love the Lord God.
Laura has correctly identified a real problem in the coin market today, and it has existed for several years.
At any show, most of us will cover the entire bourse, and find 99% of the coins we really want are not there. Unless they are in a display labeled Not For Sale.
While only 30 to 40% are fugly, there is a dearth of really nice coins for grade.
She has also correctly described the term Dreck, as garbage, dirt, trash crap, or any lower class item. This German word was first used by James Joyce in Ulysses.
As for the proposition that you should only buy coins that have been CAC approved, that is silly.
<< <i>Just because CAC didn't like some of your coins,it really meant on that day they didn't like them. As an experiment, I had a coin reholdered with a different cert number,resubmitted it through another dealer,and it stickered. Part of the game we all play, Larry >>
Sounds very much like the game we play with PCGS and NGC. Don't get me wrong, for the most part I do support what CAC is doing. Just seems to me the more things "change" the more they remain the same.
Tahoe Dale said it well, "As for the proposition that you should only buy coins that have been CAC approved, that is silly."
<< <i>Rule 7) This is a PCGS forum. Posts promoting or bashing other grading companies or service are not allowed. Those posts will be removed and your posting privileges may be removed as well. >>
Members of the CAC fan club here claim that CAC is not a grading company so where's the problem? >>
CAC is just another walking bubble.. when the market has enough ..look out
<< <i>I'm not sure why it is more honorable to foist your "mistakes" off to a wholesaler rather than to a collector? What do they think the wholesaler is going to do with them, melt them? Most likely they will still end up in the hands of the collector, but just at a higher price. That being the case and recognizing that not all collectors are of equal financial means, why not do the low budget collector a favor and offer them the "mistakes" at wholesale prices. >>
bajjerfan has made an excellent point here...
The good samaritan stance seems to have a bit of a hole in it...
Legend's stance has always been (as far as I can remember)... to only carry the "best of the best"... then the CAC thing came up... the purpose of which, among other things, was to seperate the "good" coins from the dreck... to save the hapless collectors from the "bad" coins by IDing the "good" coins... fine... good intentions... and great "on paper"...
BUT... what to do with the "bad" coins? Have them resubmitted for downgrades? Send them to the smelters? Really... what do we do with this so-called dreck?
Apparently... the Legend solution is to "stealth" them back into the market place as "sub-par" coins thru wholesaling... whereby these unfortunate coins find their way into the "wannabee's" cases... to eventually find their way into some poor souls collection... perhaps one of the "gossip mongers" on some coin forum... who then proudly displays their newp in a "look at this" thread... and now Legend can look and say... those poor saps ... look at that dreck... why do they buy such garbage?...
While it may seem I am bashing Legend... really, I'm not... I am simply sharing an obervation (along with a little deduced speculaltion) ... BECAUSE the "problem" still remains... what should we do with the so-called dreck?... Should we get it out of the marketplace? ...and if so, how?
Also... as another poster pointed out... just like a coin can BB/Genuine on one submission does not mean it won't holder/grade on another submission (and visa versa)... this apparently also applies to the stickering process...
jeez... coinguy is right... I can be very verbose sometimes...
edited to fix a typo...
Re: Slabbed coins - There are some coins that LIVE within clear plastic and wear their labels with pride... while there are others that HIDE behind scratched plastic and are simply dragged along by a label. Then there are those coins that simply hang out, naked and free
<<The good samaritan stance seems to have a bit of a hole in it... >>
Yes and No?
If I follow her logic
1) they buy only what they feel are PQ coins
2) they submit them to CAC. A lot sticker, some don't. ( She always states she doesn't always agree with CAC so in her mind they are still PQ)
3) They only sell CAC coins on their website as that is part of their mission statement. The rest go out at wholesale or in their non-CAC e-mail offerings.
Non stickered coins does not make it dreck.
As far as the sub par McClaren coins that came out of that 50,000 coin or so take all deal.....The ones that got wholesaled........ One could easily and with good reason interpret that as you did. I could see why one might..........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......
<< <i>...what should we do with the so-called dreck?.. >>
That's an easy question to answer - the same thing that is done with all of the schlock. >>
Sell it to the schmendricks?
Re: Slabbed coins - There are some coins that LIVE within clear plastic and wear their labels with pride... while there are others that HIDE behind scratched plastic and are simply dragged along by a label. Then there are those coins that simply hang out, naked and free
<< <i>...what should we do with the so-called dreck?.. >>
That's an easy question to answer - the same thing that is done with all of the schlock. >>
Sell it to the schmendricks? >>
And the schlemiels gets the widgets? >>
While the putz sits by and watches... all the time oblivious to what is really going on...
Brings to mind one of the best definitions of common yiddish terms I ever heard...
The difference between the schlemiel and the schlamazzle
The schlemiel is the one who is always spilling hot soup on the schlemazzle... it is the schmuck who trips the schlemiel... while the putz watches it all happen while playing with his schlock...
aaaannnnddddd... th th th that's all folks.......
edited to add... what a bunch of dreck...
Re: Slabbed coins - There are some coins that LIVE within clear plastic and wear their labels with pride... while there are others that HIDE behind scratched plastic and are simply dragged along by a label. Then there are those coins that simply hang out, naked and free
Perhaps Laura should start "The Dreck Report" so that we can keep up with all its variable definitions. Additionally, scandals and political intrigue could be reported daily concerning the numismatic battlefield. For example: who screwed who in selling dreck, reports about benediction received for those who successfully avoid the dreaded dreck, and the oil (read CAC sticker) used to anoint the most sacred non-dreck. Should be a wildly popular site.
Seated Half Society member #38 "Got a flaming heart, can't get my fill"
<< It's interesting that the only people who complain about Laura, her message, and Legend are the ones who do not buy coins from her, do not know her, and do not collect coins in the Legend ballpark. >>
You find that interesting?? Why would someone who buys coins from Legend complain about them? Wouldn't they just buy their coins elsewhere?
Yes, as if people who enjoyed music but were not interested in the Grateful Dead, reading on a blog that the Grateful Dead played poorly last night and then complaining about it. >>
Excellent Post! FWIW, a lot of people thought the Soldier Field Show in July of 95 wasn't all that.. but I wouldn't have traded that experience for anything
Bear's "Growl of Approval" award 10/09 & 3/10 | "YOU SUCK" - PonyExpress8|"F the doctors!" - homerunhall | I hate my car
" PCGS will be displaying our pride and joy: THE BRS LEGACY ALL TIME FINEST EVER COLLECTION OF $10 INDIANS. For the past few years we sat and steamed as others have claimed they had the finest sets when we knew they did not.
Comments
Larry L.
<< <i>No matter how you feel about Legend, every one on their reports gets considerable coverage and "air time" here. I am certain they are laughing and thanking everyone for the free publicity. And for the record, I have purchased from, and sold coins to, Legend over the last 13 years. They are very knowledgeable and easy to talk to.
Larry L.
Legend is a pleasure to work with and they have come up with some exceptional original coins.
<< <i>
<< <i>I submitted about 58 coins to cac. I gave legend some coins for their stealth team after the coins didn't pass cac standards.
Not all, but most Some I kept as I disagreed with cac but. I am glad I did give most to legend and mostly took losses.......except for one big coin that I actually made 7% profit ( almost a 6 figure coin). That's a coin story for the future.
All in all I batted about 50% with what I did give to cac......after that I became a turtle for a few months and I remain on a short leash with myself as I was in shock. Still am sorta.
Over >>
IMO, you just received extraordinarly valuable feedback on your buying habits and now need to adjust accordingly >>
Totally agree.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Can this be viewed online anywhere
At any show, most of us will cover the entire bourse, and find 99% of the coins we really want are not there. Unless they are in a display labeled Not For Sale.
While only 30 to 40% are fugly, there is a dearth of really nice coins for grade.
She has also correctly described the term Dreck, as garbage, dirt, trash crap, or any lower class item. This German word was first used by James Joyce in Ulysses.
As for the proposition that you should only buy coins that have been CAC approved, that is silly.
<< <i>Just because CAC didn't like some of your coins,it really meant on that day they didn't like them.
As an experiment, I had a coin reholdered with a different cert number,resubmitted it through another dealer,and it stickered.
Part of the game we all play,
Larry >>
Sounds very much like the game we play with PCGS and NGC.
Don't get me wrong, for the most part I do support what CAC is doing. Just seems to me the more things "change" the more they remain the same.
Tahoe Dale said it well, "As for the proposition that you should only buy coins that have been CAC approved, that is silly."
john
<< <i>
<< <i>Rule 7) This is a PCGS forum. Posts promoting or bashing other grading companies or service are not allowed. Those posts will be removed and your posting privileges may be removed as well. >>
Members of the CAC fan club here claim that CAC is not a grading company so where's the problem? >>
CAC is just another walking bubble.. when the market has enough ..look out
<< <i>I'm not sure why it is more honorable to foist your "mistakes" off to a wholesaler rather than to a collector? What do they think the wholesaler is going to do with them, melt them? Most likely they will still end up in the hands of the collector, but just at a higher price. That being the case and recognizing that not all collectors are of equal financial means, why not do the low budget collector a favor and offer them the "mistakes" at wholesale prices. >>
bajjerfan has made an excellent point here...
The good samaritan stance seems to have a bit of a hole in it...
Legend's stance has always been (as far as I can remember)... to only carry the "best of the best"... then the CAC thing came up... the purpose of which, among other things, was to seperate the "good" coins from the dreck... to save the hapless collectors from the "bad" coins by IDing the "good" coins... fine... good intentions... and great "on paper"...
BUT... what to do with the "bad" coins? Have them resubmitted for downgrades? Send them to the smelters? Really... what do we do with this so-called dreck?
Apparently... the Legend solution is to "stealth" them back into the market place as "sub-par" coins thru wholesaling... whereby these unfortunate coins find their way into the "wannabee's" cases... to eventually find their way into some poor souls collection... perhaps one of the "gossip mongers" on some coin forum... who then proudly displays their newp in a "look at this" thread... and now Legend can look and say... those poor saps ... look at that dreck... why do they buy such garbage?...
While it may seem I am bashing Legend... really, I'm not... I am simply sharing an obervation (along with a little deduced speculaltion) ... BECAUSE the "problem" still remains... what should we do with the so-called dreck?... Should we get it out of the marketplace? ...and if so, how?
Also... as another poster pointed out... just like a coin can BB/Genuine on one submission does not mean it won't holder/grade on another submission (and visa versa)... this apparently also applies to the stickering process...
jeez... coinguy is right... I can be very verbose sometimes...
edited to fix a typo...
<< <i>...what should we do with the so-called dreck?.. >>
That's an easy question to answer - the same thing that is done with all of the schlock.
Yes and No?
If I follow her logic
1) they buy only what they feel are PQ coins
2) they submit them to CAC. A lot sticker, some don't. ( She always states she doesn't always agree with CAC so in her mind they are still PQ)
3) They only sell CAC coins on their website as that is part of their mission statement. The rest go out at wholesale or in their non-CAC e-mail offerings.
Non stickered coins does not make it dreck.
As far as the sub par McClaren coins that came out of that 50,000 coin or so take all deal.....The ones that got wholesaled........ One could easily and with good reason interpret that as you did. I could see why one might..........MJ
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......
<< <i>
<< <i>...what should we do with the so-called dreck?.. >>
That's an easy question to answer - the same thing that is done with all of the schlock.
Sell it to the schmendricks?
<< <i>
<< <i>
<< <i>...what should we do with the so-called dreck?.. >>
That's an easy question to answer - the same thing that is done with all of the schlock.
Sell it to the schmendricks?
And the schlemiels gets the widgets?
<< <i>
<< <i>
<< <i>
<< <i>...what should we do with the so-called dreck?.. >>
That's an easy question to answer - the same thing that is done with all of the schlock.
Sell it to the schmendricks?
And the schlemiels gets the widgets?
While the putz sits by and watches... all the time oblivious to what is really going on...
Brings to mind one of the best definitions of common yiddish terms I ever heard...
The difference between the schlemiel and the schlamazzle
The schlemiel is the one who is always spilling hot soup on the schlemazzle... it is the schmuck who trips the schlemiel... while the putz watches it all happen while playing with his schlock...
aaaannnnddddd... th th th that's all folks.......
edited to add... what a bunch of dreck...
"Got a flaming heart, can't get my fill"
<< <i>
<< <i>
<< <i>
<< <i>...what should we do with the so-called dreck?.. >>
That's an easy question to answer - the same thing that is done with all of the schlock.
Sell it to the schmendricks?
And the schlemiels gets the widgets?
I am fammished over this dilemma.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>RYK said:
<< It's interesting that the only people who complain about Laura, her message, and Legend are the ones who do not buy coins from her, do not know her, and do not collect coins in the Legend ballpark. >>
You find that interesting?? Why would someone who buys coins from Legend complain about them? Wouldn't they just buy their coins elsewhere?
Yes, as if people who enjoyed music but were not interested in the Grateful Dead, reading on a blog that the Grateful Dead played poorly last night and then complaining about it. >>
Excellent Post! FWIW, a lot of people thought the Soldier Field Show in July of 95 wasn't all that.. but I wouldn't have traded that experience for anything
<< <i>
<< <i>...what should we do with the so-called dreck?.. >>
That's an easy question to answer - the same thing that is done with all of the schlock.
Do what Legend does :
Sell it to a WHOLESALER
``https://ebay.us/m/KxolR5
" PCGS will be displaying our pride and joy: THE BRS LEGACY ALL TIME FINEST EVER COLLECTION OF $10 INDIANS. For the past few years we sat and steamed as others have claimed they had the finest sets when we knew they did not.
I like that about Laura.
Passion !
``https://ebay.us/m/KxolR5