Legend's and CRO Fun reports
logger7
Posts: 9,480 ✭✭✭✭✭
https://www.legendnumismatics.com/market_reports/the-2026-fun-show/
https://www.coinraritiesonline.com/road-report/
Apparently one of the most robust coin shows in memory.
CRO:
"Several dealers at the show mentioned to me on Saturday that this might have been the best coin show ever in terms of attendance and non-stop action. I can’t definitively say that that’s not true, but I do remember plenty of wild events through the years with jam packed aisles, and sales through the roof. One thing is sure though – it was a barn burner from start to finish, including on Saturday. And while we had to leave to get home, I did hear about dealers who delayed their departures from Orlando to stick around for Sunday (yes, the show is open on Sunday) and keep the good times rolling."
Legend:
"KABOOM!
"The crowd at FUN was, by far, one of the biggest we had ever seen. The line stretched out the door. We had a customer obtain an early-bird badge to skirt the line. Pure insanity.
"The audience was a different crowd than normal. Typically, we see the elite collectors of the coin community there to schmooze with each other, and not much else happens. This show was different. The public came en masse to buy, as did the elite. One thing we were stunned about—the public was paying cash for their coins. They were not just buying bullion. We saw such transactions happening at several tables as we walked the aisles looking to buy. At the back end of the room, the crowd was so large that it was impossible to move in the aisle!
"Not one dealer we know said they had a weak show. Everyone seemed to have excellent shows or even set new records. Starting a year off so strong is something we always dream about but rarely happens. As we said before, the audience was a different crowd that attended this year’s FUN Show."
I think it's safe to say that this was not one of the shows where Laura opines that you could throw a bowling ball down one of the aisles and not hit anyone.....
Comments
Lotta good stuff to share in the report, thanks 👍
Sounds like the hobby is riding the wave caused by climbing gold and silver. It would be interesting to hear if a lot of the cash spent on coins came from cash received for bullion. There is a lot of available money right now. I hope the interest continues.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
There's a saying that in gales even turkeys will fly, so it's good that the general public has noticed the tripling of the price of silver and doubling of the gold price in a relatively short time frame and want to be in a booming market.
Don’t forget the booming equities market.
I think there’s a lot of cashed out stock money buying coins right now.
The stock market AND metals prices booming simultaneously is a pretty good formula for any collectibles market to boom.
Wow, dare we bring back the phrase “white hot nuclear “ to describe the current market? 😁
I remember an issue of the CDN 15 or so years ago heralding "...the coin market is not red hot, it's white hot!" "Selling like hotcakes!"
If the CAC guide ever catches up with actual prices paid people are going to be very surprised. There are a number of collectors and dealers that are not aware of current pricing.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
@logger7 said:
Apparently the writer wasnt a Physics major...
Are you sure it wasn’t stated the other way around?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
You're right, too early. It would be interesting if someone who has all the old issues can chart the superlatives in the "Coin Dealer Newsletter" in various bull markets.
Hopefully people aren't doing stupid things with their asset allocations. I would hope people are not selling stocks or bonds to SPECULATE -- not invest -- in PMs.
I've told some people who just came into some $$$ that it's OK to buy a bit here -- they won't get hurt -- but nothing like putting 20% or 40% of their properly diversified portfolios into a non-interest paying, non-dividend paying asset class.
Treat your coins (or bars) like works of art and you'll never be disappointed, I say.
The Great Wealth Transfer estimate is up to $124 Trillion to be inherited by 2048.
From the sounds of show reports people were spending some of that in Florida.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
For me personally, the answer is yes.
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maint. Crew Chief and Contracting Officer.
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Morgan Dollar GSA Hoard (1878 – 1891)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Matte Proof Toned Lincoln Cents (1909 – 1916)
Semi-numismatics used to be considered safer than owning bullion. Rare coins as others have said are reflecting current bull stock market realities, some of that is increased disposable income with lower taxes.
If people are paying fair prices then their risks are not great unless we enter more periods of instability. A couple quotes:
"You wouldn't cancel your insurance policy in the middle of a hurricane, and you shouldn't sell silver when it takes a tumble. Like any insurance, silver's value will pay out over time, not day by day."
"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves."
Yet historically the recent run-up is an anomaly and it is unclear whether this is a long term bull market or short term.
I think that's global wealth transfer, right ? Though the U.S.-alone portion is still pretty sizeable.
Yes, I can personally attest to this. I've assisted in 2 estates of family members plus a few friends....people who didn't inherit millions but when you get a few hundred thousand dollars and keep 95% for safe investments in stocks/bond/CDs....you are OK to play around with 5%. $10,000 or $25,000 now won't hurt you even if you buy the top (which a few people had done previously) and find yourself down 50-60% in a few years with a coin or bullion purchase.
I have 1 client who I bust my ass for to squeeze out a few thousand $$$ of income each month for his retirement.....all he does is bust my chops by reminding me of lagging or losing investments (never the bigger total of winners
).....guy bought Saints 30-35 years ago really cheap.....but also has bought (and sold) 12 cars in the last 20 years and 6 pianos !!! 
He can't drive them all and/or play them all....it's like he's a collector or hoarder !!
Yeah, I tried to get him to the show to buy something he can hand-down alot easier to his kids (or investment advisor
) like an MCMVII High Relief or a top-notch SSCA coin. And they won't depreciate over time, either (well, maybe the pianos have appreciated, who knows) though their price will fluctuate, of course.
But the point is he suddenly came into a nice 6-figure sum and doesn't need to worry about $$$. Even though most of that trillion-dollar transfer is concentrated in the Top 1% of 1%.... 5- and 6-figure inheritances matter to the clientele of a show like FUN's.
Agreed.....with premiums tending to expand when PM prices fall, you can view coins as defensive to an extent.
An MCMVII High Relief Saint in MS-63 condition won't be affected by a 30% price drop in gold so much as the supply/demand dynamics for that particular and unique coin.
OTOH, coins that are at narrower premiums will go down more -- but again, not as much as pure bullion.
I miss the old Legend reports, pre-spellcheck ........
Same, and I also miss being called a "chatroom weenie".
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
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I don't see what is wrong with that and I wouldn't call it "insanity".
.
You pound on a door long enough, eventually someone answers
The general admission lines were crazy!
That 1856 Flyer currently in Legend inventory is VERY NICE!
Looked like a prooflike MS to me - which would be more valuable if so designated
You pound on a door long enough and eventually it is suggested you get a girlfriend.
"Insanity" is by definition irrationality. This is probably the most rational hobby out there also with regard to precious metals.
Agree. I made it a suggestion to a couple of people in line that didn't seem to like the wait; I believe the price was $100 for the early bird pass They were unaware of the option but the price must have been a deterrent because they stayed in the line. The line did move pretty quickly though. Retired military, I'm pretty used to the whole "hurry up and wait" aspect of things. Lol
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maint. Crew Chief and Contracting Officer.
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Morgan Dollar GSA Hoard (1878 – 1891)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Matte Proof Toned Lincoln Cents (1909 – 1916)
Coin collectors are a funny group. Know a few people who spent a lot of money on coins and took public transportation to the airport to save a few dollars.
As Laura indicated the new waves of collectors/investors are coming in due to the flothy pm market. They're tech savvy and know how to price things and make offers.
That makes sense. Why waste money that can be used to buy rare coins.
Saving $20 on an Uber while carrying a $10k coin seems both silly and risky.
That’s because it’s a powerful, expensive addiction that some can’t really afford..
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Hey I resemble that, congrats on 10000 posts
11.5$ Southern Dollars, The little “Big Easy” set
Thank you very much for noticing. I really appreciate that.
It only took me 14 years and 101 days. 
I remember when I first joined..10,000 posts seemed sooo out of reach. Almost astronomical. All the veterans with 10K posts had custom names that they had chosen for themselves. I thought I would never get there but time marches on. Sooo much has happened over those years. And, I have made so many friends and gained so much knowledge just by being here. I’ve been able to share my own knowledge, as well. I like doing that. I really enjoy this place. It’s a great platform.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Granted Uber is better than public transportation, but I’m not convinced it is safe either when carrying thousands of dollars or more of cargo.
I think that I'd mail it some how to myself instead of risky business. Theres options 😉
I think it was "double nuclear white hot." I suppose much hotter than that and you're eschewing the visible spectrum for "x-ray hot."
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I know that I have had few successful auction bids the past few months. I have had to pay up for eye appealing pieces regardless of the denomination and or grade. I used to fall back on AGE's, Buffalos, modern gold commems, and APE"s when things went to high, though as everyone knows they are a lot more pricy now as well as fewer to choose from than a few months ago. Sure happy I rat holed quite a few over the past few years when there seemed like little to no interest in these. Even the spouses turned out to be a good stacking ploy!