Legend: Year in Review Market Report

RYK

Don't click here if you do not want to read it.

DarkStar

Whoa! It's almost written in invisible ink or something!

AnkurJ

Seriously! Whats with the font?

Connecticoin

I can't read that -- my eyes are bad enough, don't want them to get worse.

crypto79

that is pretty bad, she should correct it as it is a pretty good read

AnkurJ

Hi control+A on your computer, that will highlight the text.

fastfreddie

<< <i>Hi control+A on your computer, that will highlight the text. >>



Much better - Thanks!

crypto79

it appears fixed, much better

TwoSides2aCoin

Those are impressive numbers.
Where is the " bow to the woman gif. " ?

roadrunner

2011 thanks you Mr. Simpson.

roadrunner

curly

It's always good to hear from Laura.

RedTiger

<< <i>if we had guess out of all the coins we sold in 2011, maybe 25% have a chance of ever being sold within the next 5-10 years. We know the majority of collectors we sold too are in it for the long the term. >>



I wonder how accurate this will turn out be, and how it compares to other high end dealers that primarily sell expensive coins.

Seems like more than a few forum members like to turn over their coins more frequently than that. Add in divorces, medical issues, death, and the percentage may be a good bit higher, though many of the coins will not go back through the selling dealer. Many might be sold for a small fraction of retail value because of uninformed relatives, or meddling lawyers. Another interesting guess would be how well the sellers end up financially. Because of some of the factors mentioned (selling well below retail value), I don't think they will do well as a group.

EagleEye

Lakesammman

We started the year buy purchasing the amazing $10 1907 Rolled Edge Proof NGC PR67 on behalf of the Simpson Collection for a record breaking $2,185,000.00. Mr Simspon will display this coin down the road. When it is on display, make time to see it! It has to be the most beautiful $10 Indian there is.

If it gets displayed, be sure to see it - spectacular is an understatement.

On behalf of myself, George, and Jose we thank everyone for making 2011 another great year for Legend.

Oh ya - Bruce too.

MrEureka

Laura's mention of "black holes" is an important point, and very true. I have two related questions, for anyone that cares to answer. First, is the prevalence of black whole collections as noteworthy in the less-than-trophy-coins market? (If not, why?) Second, to what extent is their prevalence due to baby boom demographics?

scotty1419

<< <i> First, is the prevalence of black whole collections as noteworthy in the less-than-trophy-coins market? >>



If very high end collectors very quietly trust only one dealer to work on a collection, what are the chances that sometime down the road they will discover that some may not be as outstanding as they were lead to believe?

bestclser1

See you folks next week,and i have some cool coins for you too!Thanks Legend!

Lakesammman

First, is the prevalence of black whole collections as noteworthy

Whole collection of black holes??

less-than-trophy-coins market?

I suspect not - if not worth billions, may need to go to the well now and then to make ends meet.

to what extent is their prevalence due to baby boom demographics?

Can only guess, but I wonder who's going to be there to bid/buy in 20 years.

crypto79

To be fair when strong hands buy coins and hold them for a long time and then the price is exponentially higher when they do sell it makes positive waves in the hobby as a whole. If even the classic rarities lost value due to rapid market hedging and leveraging while these floated from hand to hand it would cause to whole market to lose confidence. While most of us don't play in that side on the pool it still nice that the big boys heat the pool for us and we should be thankful Laure give us a peak into their world. What her motives are and what one does with the info once they have it is not the point.

droopyd

<< <i>First, is the prevalence of black whole collections as noteworthy in the less-than-trophy-coins market? (If not, why?) Second, to what extent is their prevalence due to baby boom demographics? >>



I think there are a lot of collections of nice, non-trophy coins that are in extremely strong hands. Some of these may shake loose in the next 10-20 years.

bulldozer

what laura says is true. in the old days, everyone knew where all the great coins were.

can anyone name where all the 94S 10C are today? how about 1804 $1?

with cheaper priced coins there should be no question that many have gone into deep black holes.