Legends Auctions is shutting down☹️

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AZDAVY
AZDAVY Posts: 179 ✭✭✭✭
in U.S. Coin Forum

I was just told this morning that the auction company will be shut down. And my consignments returned to me. I am very saddened by this news as they were just outstanding to work with. I will miss their wonderful photos, their quick payments on consignments and their excellent results they got for me. Jessica is absolutely the best I have worked with in the auction realm and hopefully someone snaps her up.

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  • johnny9434
    johnny9434 Posts: 34,111 ✭✭✭✭✭
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    where did you hear this? just curious?

  • AZDAVY
    AZDAVY Posts: 179 ✭✭✭✭
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    From Jessica

  • jmlanzaf
    jmlanzaf Posts: 43,067 ✭✭✭✭✭
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    This is not reflected anywhere on their website????

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • Pnies20
    Pnies20 Posts: 2,605 ✭✭✭✭✭
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    ugh that's terrible!

    BHNC #248 … 140 and counting.

  • oih82w8
    oih82w8 Posts: 13,212 ✭✭✭✭✭
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    I don't remember participating in their auctions...I kinda feel like I'm to blame. :'(

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • pointfivezero
    pointfivezero Posts: 2,005 ✭✭✭✭✭
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    Wow, had to check my calendar to make sure it wasn't April 1st.

    Tim

  • robec
    robec Posts: 7,051 ✭✭✭✭✭
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    I hope this isn’t true. I have bought and through them with great outcomes.

    - Bob -

    MPL's - Lincolns of Colorimage
    Central Valley Roosevelts

  • edwardjulio
    edwardjulio Posts: 1,302 ✭✭✭✭✭
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    This is unfortunate news and during the Holiday time. Wonder if tdn will post concerning this.

    End Systemic Elitism - It Takes All of Us
    ANA LM, LSCC, EAC, FUN

  • coinbuf
    coinbuf Posts: 12,577 ✭✭✭✭✭
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    I have never bought or sold a single coin from Legend or their auctions so it is of no consequence to me, sounds like it will be unfortunate for a few here.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • coinkat
    coinkat Posts: 24,542 ✭✭✭✭✭
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    I really like their auctions-

    Experience the World through Numismatics...it's more than you can imagine.

  • rsei0120
    rsei0120 Posts: 127 ✭✭
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    I heard that they were good, and looked at a lot of their items, it's sad if it's true,

  • Walkerfan
    Walkerfan Posts: 10,392 ✭✭✭✭✭
    edited December 27, 2023 11:46AM
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    They always had a wonderful selection of gorgeous Coins.

    I bought my 1937S PCGS 66 CAC Walker from them. Outstanding strike and color.

    This is sad news if true… change is the only constant. 😟🙁

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • mattniss
    mattniss Posts: 863 ✭✭✭✭✭
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    Looks like LRCA is indeed closing, but Legend Numismatics isn't going anywhere per Laura's feedback.

  • Floridafacelifter
    Floridafacelifter Posts: 1,401 ✭✭✭✭✭
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    True- confirmed by Laura in the CAC Forum

  • PeakRarities
    PeakRarities Posts: 4,858 ✭✭✭✭✭
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    Damn 😢

    Thanks FFL

    Founder- Peak Rarities
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  • RobertScotLover
    RobertScotLover Posts: 1,069 ✭✭✭✭✭
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    Ok just their great auction house will be shutting down unfortunately but Legend Numismatics will remain open, thank goodness

  • Sunshine Rare Coins
    Sunshine Rare Coins Posts: 2,362 ✭✭✭✭✭
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    Sad news. :/

    Sunshine Rare Coins

    sunshinecoins.com/store/c1/Featured_Products.html

  • dbldie55
    dbldie55 Posts: 7,753 ✭✭✭✭✭
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    Only bought one coin, but looked through each auction. Hate losing venues to search for coins.

    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • retirednow
    retirednow Posts: 708 ✭✭✭✭✭
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    Sad ... their smaller and not as frequent auctions felt a more selective showcase for consignors and buyers. The smaller buyers fee's were a nice touch, however, I really will miss the smaller bid increments ... unlike Heritage and Stacks, using those one time split bid can be a kiss of death as they can send a signal you maybe out of steam. I have lost many a bids when I used a split bid, similarly I won when someone else use them.

    Their service was very responsive and personal ( much like GC).

    I will miss the option of this fine auction house .

    OMG ... My Mother was Right about Everything!
    I wake up with a Good Attitude Every Day. Then … Idiots Happen!

  • cameonut2011
    cameonut2011 Posts: 10,914 ✭✭✭✭✭
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    I’ll certainly miss some of the auction descriptions and colorful names given to some of the coins. 😢 Now the million dollar question: Is that neutron microscope for sale? 😈

  • davewesen
    davewesen Posts: 6,985 ✭✭✭✭✭
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    Their weekly auctions on Hibid was rather ambitious, sad to see them close.

  • Zoins
    Zoins Posts: 34,489 ✭✭✭✭✭
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    This is very sad news. They had great auctions and I enjoyed reading the lot descriptions.

    I hope their auction archives website will stay online, either by Legend or another organization.

    Private Mint News | 2010 Lincoln Reverse Finalists
  • Copperindian
    Copperindian Posts: 3,379 ✭✭✭✭✭
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    This is sad news. They were a pleasure to work with; Jessica was top notch! I liked the way they ran their auctions, the photos, the descriptions, all of it. Will surely miss them & all they did for me (& all of us for that matter).

    “The thrill of the hunt never gets old”

    PCGS Registry: Screaming Eagles
    Copperindian
    Copperindian II
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    Bust Caps

    Retired sets: Soaring Eagles
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    Successful transactions: Eagle Eye, redraider, winesteven, renomedphys, splitaces, oreville, ajaan, Cent1225, onlyroosies, justindan, blitzdude, DesertMoon, johnnyb, Heubschgold, SunshineRareCoins, ParadimeCoins, ndeagles, Southern_Knights, pcgsregistrycollector, BruceS

  • pcgscacgold
    pcgscacgold Posts: 3,831 ✭✭✭✭✭
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    Sorry to hear that. I have bought a few coins from Laura but never able to reach high enough to win one in the auctions.

    I hope the best for the employees that find themselves out of work heading into the new year.

    Completed All CAC approved Classic Head $5 set https://www.pcgs.com/setregistry/mysetregistry/album/344241
    CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572

  • OAKSTAR
    OAKSTAR Posts: 8,770 ✭✭✭✭✭
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    What a shame but I'm glad to hear she is doing well.

    Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

  • PTVETTER
    PTVETTER Posts: 6,137 ✭✭✭✭✭
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    I guess I will be on Great Collections more!

    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


  • PeakRarities
    PeakRarities Posts: 4,858 ✭✭✭✭✭
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    @blitzdude said:
    Good riddance. In this business on things for certain, the peddlers of dreck will come and go. RGDS!

    Seriously? 🙄

    Founder- Peak Rarities
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  • lermish
    lermish Posts: 5,022 ✭✭✭✭✭
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    @blitzdude said:
    Good riddance. In this business on things for certain, the peddlers of dreck will come and go. RGDS!

    Can you explain further? Legend is generally known for having VERY high quality coins.

    chopmarkedtradedollars.com

  • originalisbest
    originalisbest Posts: 5,971 ✭✭✭✭
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    LOL someone just above might not be a Laura fan. Their auctions were probably more than what Laura felt comfortable managing in addition to their rare coin biz. Hope the auction staff can find similar and even better jobs (if they wish to) very soon!

  • Goldbully
    Goldbully Posts: 18,559 ✭✭✭✭✭
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    Someone is holding a very big grudge.

    How's that saying go?..........One man's dreck is another man's treasure.

  • blitzdude
    blitzdude Posts: 7,726 ✭✭✭✭✭
    edited December 27, 2023 7:24PM
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    @DeplorableDan said:

    @blitzdude said:
    Good riddance. In this business on things for certain, the peddlers of dreck will come and go. RGDS!

    Seriously? 🙄

    Yup, :roll completely :flushed: Buh-bi. THKS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • GRANDAM
    GRANDAM Posts: 8,785 ✭✭✭✭✭
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    @blitzdude said:
    Good riddance. In this business one things for certain, the peddlers of dreck will come and go. RGDS!

    Maybe that was the problem,,,,,, selling the drek could have substantially helped their bottom line. ;)

    GrandAm :)
  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited December 27, 2023 8:47PM
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    They had really nice stuff.

    Investor
  • JimTyler
    JimTyler Posts: 4,101 ✭✭✭✭✭
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    Never heard of LRCA

  • jkrk
    jkrk Posts: 1,028 ✭✭✭✭✭
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    Never bought a coin from LRCA.

    The closing brought quite a bit of publicity to them, that might have been needed before they closed?

  • willy
    willy Posts: 381 ✭✭✭✭✭
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    Bought around 20 coins over the years. Always nice coins and great service. They will be missed.

  • morgandollar1878
    morgandollar1878 Posts: 4,006 ✭✭✭✭✭
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    Surprising news. It's interesting how they started doing weekly auctions not that long ago and now are shutting it all down. I enjoyed their auctions over the last few years and came out of it with a few items.

    Instagram: nomad_numismatics
  • 1madman
    1madman Posts: 1,750 ✭✭✭✭✭
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    Anyone think this is the start of a downturn in the coin market?

    Doesn’t something have to be the first domino in the line?

  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
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    It could be. They are a big domino to fall too.

    Investor
  • Pumpkinhead
    Pumpkinhead Posts: 66 ✭✭✭
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    Terrible, terrible news. What a truly wonderful group of people to do business with (and, particularly at the Vegas shows, to just hang out)… I suspect their costs, reasonable fees (which undoubtedly were reduced for many of their consignors) simply didn’t allow them to compete with a low-overhead firm like GreatCollections. Lots of tough blows for Laura (and staff) in 2023. Hope for only good in the coming year!

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