Is it me or does it seem like the Legend army has been called to duty? I really can't believe how this thread has evolved! I for one wish I had never commented and will also say my goodbyes with lessons learned!
@EVillageProwler said:
like you are puffing your lawyerly chest here in a situation where common folk interpretation of fairness is more readily >appropriate.
Let me state for clarity: while I assert the opinion that BillJones is wrong and TDN is not, my main assertion in >responding to the lawyerly stuff in this thread is that it is not really needed. I have no quarrel with lawyers. My two best >friends are both lawyers. All I am saying is that lawyer-speak and lawyerly chest puffery is not needed here. Not in this >thread. My humble opinion.
Regards,
EVP
Whoa! A bit harsh. The discussion had veered into a debate about whether the word 'actionable' was appropriately used. Several people posted opinions, and then cameonut, who I believe is a lawyer, posted an opinion informed by a pros knowledge of the subject. It didn't sound like 'lawyerly puffery' to me. I wanted to hear from a lawyer.
In addition, the old 'I have nothing against __________. Some of my best friends are __________' always seems...unlikely.
@Goldbully said:
By Laura Sperber – Legend Numismatics ……
SHOWS NOT NEEDED
Not really, but it’s nice to have no pressure to travel and worry about being here and there, getting first shot, and of course the headache of security. At least at home we have regular human hours and even get a few surprise calls with some neat coins being offered. As of this writing we are working on buying a major world-class rarity in our offices. With no pressure from being at show, we know no one’s looking over our shoulders so hopefully we can get a much better deal.
We used to say that things were changing at shows. Now, we are convinced things HAVE changed at shows. It is our strong opinion–based on OUR performance–that the new show pecking order is FUN, ANA (depending on the city), ALL PCGS Invitationals (go to one, there is nothing else like them), ALL Baltimore, ALL Long Beaches, and then Central States. Central States has become nothing more then a smaller regional show, which, for the first time ever, we are thinking of skipping. Our sales to collectors at all of these shows have dipped to LESS than $250,000 in a year! We knew that when eBay became a monster trading platform shows were doomed. Now that millennials are looking at coins, they will probably never attend a live show–these are, after all, people who prefer to text someone in a house versus ring their door bell.
I haven't been here much lately but it seems that some people need a reminder.... all you old timers should be setting positive examples for the new members, Not bickering among yourselves.
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@topstuf said: PCGS AND CAC will discourage collectors and there is no way to contradict that.
If the newbs all feel they ....have to... buy that premise, then many many many will ignore the hobby as just too damn restrictive.
My story and ....I... stick to that one.
only time will tell.
Every level of "requirements" for a suitable purchase drives another away.
What drives away collectors are bad deals and bad attitudes. First time a collector tries to sell their "treasure" and find out they overpaid by 20 or 30%, they find another use for their money. When newbie collectors go to clubs or shows and are treated like morons by the more arrogant among us, they are turned off and either collect in secret from their computer or go find a friendlier crowd to hang with. JMO
If the subtext of your statement is that telling collectors that it HAS TO BE PCGS/CAC or it isn't worth owning, then I agree 100%!
All comments reflect the opinion of the author, evn when irrefutably accurate.
QUIET POWER COINS TRADING HANDS
By Laura Sperber – Legend Numismatics ……
Be aware that what we discuss in the Market Report is written from Legend Numismatics’ point of view. We deal in the top 5% of rarities and the upper end of quality. That would include a coin like a MS66.9+ MS66 Morgan. It is a myth that all our coins are above $10,000. This past year, coins valued from $1,000-$10,000 flew out the door as fast as we posted them. There is so little quality around. If we could offer 100 $2-$5,000 coins, we would! We’re a bit picky!
First, we need to acknowledge our super secret seller called us after he had a very disappointing Illinois State Show on Friday. He said save for a bigger shark or two, dealers generally were not buying. He said the show overall was dead. He does come prepared to work it as a smaller show. We could not see a show like that being any good unless it had a decent amount of fresh material. Even the smaller dealers are trading on fumes of retreads.
However there is a very interesting thing that is now happening in the market. The bigger money is waking up again. As in million-dollar coins. We all know a 70S $1 AU53 Eliasberg just traded hands (in excess of $1 million), and we know of two other BIG ticket coins that sold within the past two weeks or so. Unless a major collection appears and is chocked full of rarities, we hardly ever hear of that many big coins selling behind the scenes in such a short period of time.
Last Sunday we had breakfast in the NYC with a major Wall Street banker (aka the “bank teller”, as we call him). He laid out a very intense and logical reason why bigger money is starting to pop back into coins. He was saying the equity, real estate, and several other major markets are known by the inner pros to be overbought. From his viewpoint he expects the momentum in those areas to stop soon. So with that knowledge, the smart money is now seeking other areas to place its cash.
The money coming into coins is NOT speculative. These are wealthier people who are real collectors.
We see several of them trying to build great Type sets and other are doing really cool projects. A new collector who we 100% represent bought the 1794 $1 PCGS MS64 CAC for his Type set at ANA. We even have a “black cat” who adores patterns like Bob Simpson does! Many of these new wealthy collectors had an interest when they were younger and now have the money to play. Based upon what we have seen, we fully agree with “bank teller” that new people are coming back or into the coin market today. This year so far, Legend has picked up several collectors who we consider to be the “ultimate buyers”. Typically, we would get customers like that only every few years.
We firmly believe this is only the beginning of this cycle. As we mentioned before, there really is so little for them to buy. What is amazing to us is that many have done their homework. They demand PCGS CAC and they know to pay a little more and HOLD for the long term. We always wondered who would replace a Gardner or a Norweb. The numismatic kingdom now has the Utah Billionaire, who already in one year has spent more then the Pogue collection was worth and probably DOUBLE what Gene Gardner’s set was worth (he still is nowhere near what Bob Simpson has spent). Legend has SEVERAL huge new players, as well who have the potential to build $50-$100 million dollar collections in the next few years. Again, our only problem is finding them the coins!
Knowing the big guys want to pour money into coins gives supreme confidence to the lower-priced coin market. The money does trickle down. More dealers will then make more bids. Plus, when no bigger coins are around, collectors buy the smaller stuff to keep them busy. It is a huge positive for everyone!
WORK WITH A DEALER
There is no crime in buying on your own. However, you WILL miss far more coins then you will ever find. Dealers have access to so many things. Plus, a good dealer will protect you, finance you, and pretty much be your collecting buddy while you build your collection.
This past week, we bought and sold one of the rarest coins on the planet–a $2.5 1808 PCGS MS62 CAC. The originality and colors of this coin are beyond mind-boggling. To tell you how extremely rare these are, we have been desperately searching for two PCGS CAC AUs for the past 10 years (if anyone has one for sale, please contact us). CAC has only beaned a grand total of 10 pieces for the entire Type. We even urged a dealer to downgrade a dreck NGC MS61 to an AU58, and PCGS flunked it. For whatever the reason, the majority of this date are cleaned. Talk about finding a needle in a hay stack.
We knew the second we confirmed the coin that we had a great home for it. The collector immediately took it. He had to: in MS only Simpson’s MS63 and Jung’s MS65 are finer. [ Pogue 1808 PCGS MS-65 Pictured at right ] The chances of him ever getting this coin if he was not working with us were ZERO. Having deep, long-time connections is what brought the coin to Legend. The seller had two or three places he could have gone with it where the coin would end up in that deep “black hole” we’ve been talking about.
Plus, we sold it to our friend at a really great price too!
Forget about this being a higher-value coin. It’s about working as a team to build a set. There are far more advantages to working with a dealer than not. You certainly won’t run into yourself if you leave Want Lists all over (the biggest mistake collectors make). Even for auctions, paying a dealer to bid for you WILL save you money. It’s the coins they tell you NOT to buy that you are saved from. Unless you buy and sell lots of coins per day, you are not a qualified expert. Don’t try this game alone. It can be extremely rewarding if done right!
NEWPS
Last week we immediately shipped out about a dozen pieces from our NEWPs by Monday noon. Much to our surprise, the red-hot coin was the $2.5 1842D PCSG AU58+ CAC. Never expected how many people wanted to buy it. Suggestion: if we post a coin on Saturday, then we’re gone from the office at 1 PM. EMAIL US! Also, know that we have a policy of NOT putting any coins on hold unless they are being shipped; it is not fair to us or the collectors who want it to be put on hold.
Yet again this week we have some wonderful NEWPS. The most outstanding piece: the H.10C 1794 PCGS MS65 CAC Eliasberg. We consider this great rarity to be a treasure! The quality of this GEM is incredible. In the original Eliasberg catalog they called it a possible “presentation piece”. It’s as good as ANY 1794 H.10C out there!
Other highlights include:
1C 1902 PCGS PR66RB CAC bean
10C 1837 NO STARS PCGS MS65+ CAC bean
50C 1830 SMALL O PCGS MS65+ CAC bean
Of course we worked extra hard to find coins to fit all tastes and budgets. One thing Legend will NOT do – we will NOT load our inventory or have offerings of inferior quality just to make sales. Every coin listed from our inventory has to pass through our tough standards to make the list. This round, we actually nuked two coins from posting as it came time to post them (and yes, they are CAC). Last, unless you are a dink who compares a PCGS CAC coin to an NGC no-CAC coin (which a chat room bozo recently did), you will find our prices are very reasonable for the quality we sell.
"Last, unless you are a dink who compares a PCGS CAC coin to an NGC no-CAC coin (which a chat room bozo recently did), you will find our prices are very reasonable for the quality we sell."
Quote from the end of above. If that don't stir the pot I don't know what will!
@cameonut2011 said:
What is a "dink" in this context? Typo? In any event, I would trust the numismatic judgment and knowledge of that "chat room bozo" over her any day.
That is your right, but you'd be making a financial mistake. See, that's what gets her dander up....just because someone hangs out on a chat room and posts nice pictures doesn't qualify them for....just about anything.
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......
@tradedollarnut said:
See, that's what gets her dander up....just because someone hangs out on a chat room and posts nice pictures doesn't qualify them for....just about anything.
Of course not, but Laura is a die-hard CAC fan. Didn't CAC ask @BillJones to join as a grader? If his opinion is good enough for JA then why isn't it good enough for her?
@tradedollarnut said:
See, that's what gets her dander up....just because someone hangs out on a chat room and posts nice pictures doesn't qualify them for....just about anything.
Of course not, but Laura is a die-hard CAC fan. Didn't CAC ask @BillJones to join as a grader? If his opinion is good enough for JA then why isn't it good enough for her?
Straight from the horse's mouth:
Hi Bruce. I had a phone conversation with Bill maybe 8 years ago. He was very pleasant and seemed knowledgeable. I mentioned that he should stop by and give it a shot as a grader or at least be a consultant. Of course it would take me a few days sitting with him in the grading room to see if we had the same "eye" for coins but one can usually tell in less than an hour. I must have said something to insult him because it seems that our relationship took a turn for the worse after our conversation. I really don't have the ability to be rude so I'm confused. We've been operating at 100% of capacity for the last 7 years so it's a blessing that everyone's not on board with CAC.
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......
@BillJones said:
For those who think that one could never find anything worthwhile at the major shows, here are a few coins I have purchased "over the counter" at shows like FUN, Baltimore and even an EAC convention.
This group barely scratches the surface, but maybe times are changing and the good to great coins will not be offered at shows any more. That's hard to believe given the high costs associated with the major auctions these days.
First I should say this is not directed at Bill. I may eventually warm up to the "old salt." So, please take my post as a suggestion for everyone.
These are pretty photos and interesting coins fit for any collector. I love to look at coins but you know what I prefer? If a member wishes to show us his coins, in each case I should like to see the grades that go with them (unless we are playing GTG)! Otherwise, I can look at images of raw coins all day - no, that would be a real waste of time. Better to go to the auction images and look at pretty coins with their grades shown so I can learn to be a better numismatist.
I thought you were taking a six month vacation from CAC-centric threads.
I thought this thread was a safe space! All threads turn into a CAC thread at some point. I might have to hang out in the Stamp Forum until my sentence is completed. I did delete my last comment as it was echo TDN's last post. That would have dragged me down the CAC rabbit hole
mark
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......
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@tradedollarnut said:
See, that's what gets her dander up....just because someone hangs out on a chat room and posts nice pictures doesn't qualify them for....just about anything.
Of course not, but Laura is a die-hard CAC fan. Didn't CAC ask @BillJones to join as a grader? If his opinion is good enough for JA then why isn't it good enough for her?
Straight from the horse's mouth:
Hi Bruce. I had a phone conversation with Bill maybe 8 years ago. He was very pleasant and seemed knowledgeable. I mentioned that he should stop by and give it a shot as a grader or at least be a consultant. Of course it would take me a few days sitting with him in the grading room to see if we had the same "eye" for coins but one can usually tell in less than an hour. I must have said something to insult him because it seems that our relationship took a turn for the worse after our conversation. I really don't have the ability to be rude so I'm confused. We've been operating at 100% of capacity for the last 7 years so it's a blessing that everyone's not on board with CAC.
@BillJones said:
For those who think that one could never find anything worthwhile at the major shows, here are a few coins I have purchased "over the counter" at shows like FUN, Baltimore and even an EAC convention.
This group barely scratches the surface, but maybe times are changing and the good to great coins will not be offered at shows any more. That's hard to believe given the high costs associated with the major auctions these days.
First I should say this is not directed at Bill. I may eventually warm up to the "old salt." So, please take my post as a suggestion for everyone.
These are pretty photos and interesting coins fit for any collector. I love to look at coins but you know what I prefer? If a member wishes to show us his coins, in each case I should like to see the grades that go with them (unless we are playing GTG)! Otherwise, I can look at images of raw coins all day - no, that would be a real waste of time. Better to go to the auction images and look at pretty coins with their grades shown so I can learn to be a better numismatist.
It's nice that Bill posted the grades but grades are 100% necessary for me. I'm happy with whatever people want to share.
@tradedollarnut said:
See, that's what gets her dander up....just because someone hangs out on a chat room and posts nice pictures doesn't qualify them for....just about anything.
Of course not, but Laura is a die-hard CAC fan. Didn't CAC ask @BillJones to join as a grader? If his opinion is good enough for JA then why isn't it good enough for her?
Straight from the horse's mouth:
Hi Bruce. I had a phone conversation with Bill maybe 8 years ago. He was very pleasant and seemed knowledgeable. I mentioned that he should stop by and give it a shot as a grader or at least be a consultant. Of course it would take me a few days sitting with him in the grading room to see if we had the same "eye" for coins but one can usually tell in less than an hour. I must have said something to insult him because it seems that our relationship took a turn for the worse after our conversation. I really don't have the ability to be rude so I'm confused. We've been operating at 100% of capacity for the last 7 years so it's a blessing that everyone's not on board with CAC.
He finalizes every single coin. So in essence he does
Mark
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......
@tradedollarnut said:
See, that's what gets her dander up....just because someone hangs out on a chat room and posts nice pictures doesn't qualify them for....just about anything.
Of course not, but Laura is a die-hard CAC fan. Didn't CAC ask @BillJones to join as a grader? If his opinion is good enough for JA then why isn't it good enough for her?
Straight from the horse's mouth:
Hi Bruce. I had a phone conversation with Bill maybe 8 years ago. He was very pleasant and seemed knowledgeable. I mentioned that he should stop by and give it a shot as a grader or at least be a consultant. Of course it would take me a few days sitting with him in the grading room to see if we had the same "eye" for coins but one can usually tell in less than an hour. I must have said something to insult him because it seems that our relationship took a turn for the worse after our conversation. I really don't have the ability to be rude so I'm confused. We've been operating at 100% of capacity for the last 7 years so it's a blessing that everyone's not on board with CAC.
I love JA
mark
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......
@tradedollarnut said:
See, that's what gets her dander up....just because someone hangs out on a chat room and posts nice pictures doesn't qualify them for....just about anything.
Of course not, but Laura is a die-hard CAC fan. Didn't CAC ask @BillJones to join as a grader? If his opinion is good enough for JA then why isn't it good enough for her?
Straight from the horse's mouth:
Hi Bruce. I had a phone conversation with Bill maybe 8 years ago. He was very pleasant and seemed knowledgeable. I mentioned that he should stop by and give it a shot as a grader or at least be a consultant. Of course it would take me a few days sitting with him in the grading room to see if we had the same "eye" for coins but one can usually tell in less than an hour. I must have said something to insult him because it seems that our relationship took a turn for the worse after our conversation. I really don't have the ability to be rude so I'm confused. We've been operating at 100% of capacity for the last 7 years so it's a blessing that everyone's not on board with CAC.
He finalizes every single coin. So in essence he does
Mark
Only the stickered pieces or does he finalize all of the CAC rejects too?
I passed on that offer from JA because I had ethical questions about it. I was no longer an active dealer, and that seemed to run counter to the idea that only active dealers should be CAC graders. JA offered to grade my collection for free, and I did not feel comfortable with it. I greatly value honesty and independence.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Interesting thread. It has motivated me to do analysis where major cac sellers are on their material relative to the Pcgs price guide. Mainly has given me some parameters in pricing my own cac material. A great excel project if some of you have the time. What would you use as factor to price CAC coin vs Pcgs MV. I am currently leaning towards 1.35 factor or 35 pct premium based on my research. As a collector are you a buyer at this?
Some questions: who owns cac? Is this one individual or a group? Do any of these people own or have an interest in a coin firm or firms who sell mainly CAC coins? Will the cdn expand bid reporting for CAC coins into other areas besides USGTC and early 20th century gold? If I win a cac eBay item for $215 (cdn bid $200) where Pcgs mv is $240 did I get a good pickoff? If I price it at $325 what are its chances bring that?
Comments
Btw, evp, I don't resort to any tactics. Get over yourself.
Is it me or does it seem like the Legend army has been called to duty? I really can't believe how this thread has evolved! I for one wish I had never commented and will also say my goodbyes with lessons learned!
Whoa! A bit harsh. The discussion had veered into a debate about whether the word 'actionable' was appropriately used. Several people posted opinions, and then cameonut, who I believe is a lawyer, posted an opinion informed by a pros knowledge of the subject. It didn't sound like 'lawyerly puffery' to me. I wanted to hear from a lawyer.
In addition, the old 'I have nothing against __________. Some of my best friends are __________' always seems...unlikely.
Quite the thread - amusing, amazing, educational, interesting and appalling all at the same time. Just, wow....
Fine. I would recommend that she stop attending ANY and ALL shows but we all know that this just isn't going to happen.
The name is LEE!
I haven't been here much lately but it seems that some people need a reminder.... all you old timers should be setting positive examples for the new members, Not bickering among yourselves.
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As a new collector Thank you Mr. Willis
What drives away collectors are bad deals and bad attitudes. First time a collector tries to sell their "treasure" and find out they overpaid by 20 or 30%, they find another use for their money. When newbie collectors go to clubs or shows and are treated like morons by the more arrogant among us, they are turned off and either collect in secret from their computer or go find a friendlier crowd to hang with. JMO
If the subtext of your statement is that telling collectors that it HAS TO BE PCGS/CAC or it isn't worth owning, then I agree 100%!
All comments reflect the opinion of the author, evn when irrefutably accurate.
Chat Room Bozo??????? Dink??????????
QUIET POWER COINS TRADING HANDS
By Laura Sperber – Legend Numismatics ……
Be aware that what we discuss in the Market Report is written from Legend Numismatics’ point of view. We deal in the top 5% of rarities and the upper end of quality. That would include a coin like a MS66.9+ MS66 Morgan. It is a myth that all our coins are above $10,000. This past year, coins valued from $1,000-$10,000 flew out the door as fast as we posted them. There is so little quality around. If we could offer 100 $2-$5,000 coins, we would! We’re a bit picky!
First, we need to acknowledge our super secret seller called us after he had a very disappointing Illinois State Show on Friday. He said save for a bigger shark or two, dealers generally were not buying. He said the show overall was dead. He does come prepared to work it as a smaller show. We could not see a show like that being any good unless it had a decent amount of fresh material. Even the smaller dealers are trading on fumes of retreads.
However there is a very interesting thing that is now happening in the market. The bigger money is waking up again. As in million-dollar coins. We all know a 70S $1 AU53 Eliasberg just traded hands (in excess of $1 million), and we know of two other BIG ticket coins that sold within the past two weeks or so. Unless a major collection appears and is chocked full of rarities, we hardly ever hear of that many big coins selling behind the scenes in such a short period of time.
Last Sunday we had breakfast in the NYC with a major Wall Street banker (aka the “bank teller”, as we call him). He laid out a very intense and logical reason why bigger money is starting to pop back into coins. He was saying the equity, real estate, and several other major markets are known by the inner pros to be overbought. From his viewpoint he expects the momentum in those areas to stop soon. So with that knowledge, the smart money is now seeking other areas to place its cash.
The money coming into coins is NOT speculative. These are wealthier people who are real collectors.
We see several of them trying to build great Type sets and other are doing really cool projects. A new collector who we 100% represent bought the 1794 $1 PCGS MS64 CAC for his Type set at ANA. We even have a “black cat” who adores patterns like Bob Simpson does! Many of these new wealthy collectors had an interest when they were younger and now have the money to play. Based upon what we have seen, we fully agree with “bank teller” that new people are coming back or into the coin market today. This year so far, Legend has picked up several collectors who we consider to be the “ultimate buyers”. Typically, we would get customers like that only every few years.
We firmly believe this is only the beginning of this cycle. As we mentioned before, there really is so little for them to buy. What is amazing to us is that many have done their homework. They demand PCGS CAC and they know to pay a little more and HOLD for the long term. We always wondered who would replace a Gardner or a Norweb. The numismatic kingdom now has the Utah Billionaire, who already in one year has spent more then the Pogue collection was worth and probably DOUBLE what Gene Gardner’s set was worth (he still is nowhere near what Bob Simpson has spent). Legend has SEVERAL huge new players, as well who have the potential to build $50-$100 million dollar collections in the next few years. Again, our only problem is finding them the coins!
Knowing the big guys want to pour money into coins gives supreme confidence to the lower-priced coin market. The money does trickle down. More dealers will then make more bids. Plus, when no bigger coins are around, collectors buy the smaller stuff to keep them busy. It is a huge positive for everyone!
WORK WITH A DEALER
There is no crime in buying on your own. However, you WILL miss far more coins then you will ever find. Dealers have access to so many things. Plus, a good dealer will protect you, finance you, and pretty much be your collecting buddy while you build your collection.
This past week, we bought and sold one of the rarest coins on the planet–a $2.5 1808 PCGS MS62 CAC. The originality and colors of this coin are beyond mind-boggling. To tell you how extremely rare these are, we have been desperately searching for two PCGS CAC AUs for the past 10 years (if anyone has one for sale, please contact us). CAC has only beaned a grand total of 10 pieces for the entire Type. We even urged a dealer to downgrade a dreck NGC MS61 to an AU58, and PCGS flunked it. For whatever the reason, the majority of this date are cleaned. Talk about finding a needle in a hay stack.
We knew the second we confirmed the coin that we had a great home for it. The collector immediately took it. He had to: in MS only Simpson’s MS63 and Jung’s MS65 are finer. [ Pogue 1808 PCGS MS-65 Pictured at right ] The chances of him ever getting this coin if he was not working with us were ZERO. Having deep, long-time connections is what brought the coin to Legend. The seller had two or three places he could have gone with it where the coin would end up in that deep “black hole” we’ve been talking about.
Plus, we sold it to our friend at a really great price too!
Forget about this being a higher-value coin. It’s about working as a team to build a set. There are far more advantages to working with a dealer than not. You certainly won’t run into yourself if you leave Want Lists all over (the biggest mistake collectors make). Even for auctions, paying a dealer to bid for you WILL save you money. It’s the coins they tell you NOT to buy that you are saved from. Unless you buy and sell lots of coins per day, you are not a qualified expert. Don’t try this game alone. It can be extremely rewarding if done right!
NEWPS
Last week we immediately shipped out about a dozen pieces from our NEWPs by Monday noon. Much to our surprise, the red-hot coin was the $2.5 1842D PCSG AU58+ CAC. Never expected how many people wanted to buy it. Suggestion: if we post a coin on Saturday, then we’re gone from the office at 1 PM. EMAIL US! Also, know that we have a policy of NOT putting any coins on hold unless they are being shipped; it is not fair to us or the collectors who want it to be put on hold.
Yet again this week we have some wonderful NEWPS. The most outstanding piece: the H.10C 1794 PCGS MS65 CAC Eliasberg. We consider this great rarity to be a treasure! The quality of this GEM is incredible. In the original Eliasberg catalog they called it a possible “presentation piece”. It’s as good as ANY 1794 H.10C out there!
Other highlights include:
Of course we worked extra hard to find coins to fit all tastes and budgets. One thing Legend will NOT do – we will NOT load our inventory or have offerings of inferior quality just to make sales. Every coin listed from our inventory has to pass through our tough standards to make the list. This round, we actually nuked two coins from posting as it came time to post them (and yes, they are CAC). Last, unless you are a dink who compares a PCGS CAC coin to an NGC no-CAC coin (which a chat room bozo recently did), you will find our prices are very reasonable for the quality we sell.
http://coinweek.com/us-coins/legend-coin-market-report-mid-september-report-2/
"Last, unless you are a dink who compares a PCGS CAC coin to an NGC no-CAC coin (which a chat room bozo recently did), you will find our prices are very reasonable for the quality we sell."
Quote from the end of above. If that don't stir the pot I don't know what will!
What is a "dink" in this context? Typo? In any event, I would trust the numismatic judgment and knowledge of that "chat room bozo" over her any day.
Yes, I would like to hear tdn splain the "dink" comment.
You've never heard the term?
.
Oh, I have indeed heard the "term." Just curious how you might spin it.
That is your right, but you'd be making a financial mistake. See, that's what gets her dander up....just because someone hangs out on a chat room and posts nice pictures doesn't qualify them for....just about anything.
I love this place
mark
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......
Why do I need to spin it? It's pretty self explanatory
Of course not, but Laura is a die-hard CAC fan. Didn't CAC ask @BillJones to join as a grader? If his opinion is good enough for JA then why isn't it good enough for her?
Straight from the horse's mouth:
Hi Bruce. I had a phone conversation with Bill maybe 8 years ago. He was very pleasant and seemed knowledgeable. I mentioned that he should stop by and give it a shot as a grader or at least be a consultant. Of course it would take me a few days sitting with him in the grading room to see if we had the same "eye" for coins but one can usually tell in less than an hour. I must have said something to insult him because it seems that our relationship took a turn for the worse after our conversation. I really don't have the ability to be rude so I'm confused. We've been operating at 100% of capacity for the last 7 years so it's a blessing that everyone's not on board with CAC.
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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......
First I should say this is not directed at Bill. I may eventually warm up to the "old salt." So, please take my post as a suggestion for everyone.
These are pretty photos and interesting coins fit for any collector. I love to look at coins but you know what I prefer? If a member wishes to show us his coins, in each case I should like to see the grades that go with them (unless we are playing GTG)! Otherwise, I can look at images of raw coins all day - no, that would be a real waste of time. Better to go to the auction images and look at pretty coins with their grades shown so I can learn to be a better numismatist.
I thought you were taking a six month vacation from CAC-centric threads.
I thought this thread was a safe space! All threads turn into a CAC thread at some point. I might have to hang out in the Stamp Forum until my sentence is completed. I did delete my last comment as it was echo TDN's last post. That would have dragged me down the CAC rabbit hole
mark
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......
This has been a popcorn thread for me, but I dislike the "dink" disparages posted. Bill deserves better.
"Got a flaming heart, can't get my fill"
In sider2, here are the grades, all PCGS:
1808 quarter eagle AU-50, OGL
1795 half eagle AU-55
1795 eagle AU-53
1836 pattern gold dollar PR-64
So! JA isn't the only one that approves coins that are CAC'ed?
It's nice that Bill posted the grades but grades are 100% necessary for me. I'm happy with whatever people want to share.
He finalizes every single coin. So in essence he does
Mark
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 love JA
mark
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......
Only the stickered pieces or does he finalize all of the CAC rejects too?
So....It is possible to disparage another board member, and call them names! You just have to quote a published piece from outside! Genius!
(I tried to get some sarcasm in there, but I'm not sure I succeeded).
I passed on that offer from JA because I had ethical questions about it. I was no longer an active dealer, and that seemed to run counter to the idea that only active dealers should be CAC graders. JA offered to grade my collection for free, and I did not feel comfortable with it. I greatly value honesty and independence.
So how much longer will it be, before the powers that be, delete this thread????
Interesting thread. It has motivated me to do analysis where major cac sellers are on their material relative to the Pcgs price guide. Mainly has given me some parameters in pricing my own cac material. A great excel project if some of you have the time. What would you use as factor to price CAC coin vs Pcgs MV. I am currently leaning towards 1.35 factor or 35 pct premium based on my research. As a collector are you a buyer at this?
Some questions: who owns cac? Is this one individual or a group? Do any of these people own or have an interest in a coin firm or firms who sell mainly CAC coins? Will the cdn expand bid reporting for CAC coins into other areas besides USGTC and early 20th century gold? If I win a cac eBay item for $215 (cdn bid $200) where Pcgs mv is $240 did I get a good pickoff? If I price it at $325 what are its chances bring that?
I had hoped that DW was going to lock it long ago.