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Legend Philly report now posted

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  • bidaskbidask Posts: 14,029 ✭✭✭✭✭


    << <i>

    << <i>Didn't anyone buy bonds?

    I piled my clients money into bonds in the 4th quarter of 2008 thru the first 5 months of 2009..........locked in some great yields for years to come.
    I hadn't seen yields like that for 9 to 10 years. All due to the credit crunch and fears of credit implosion.

    Began making a move in stocks in April. Trimming now but holding the bonds. >>




    My guys are all getting called out of their bond positions. I've never seen such debt issuance as in the last 6 months. Companies are issuing new debt at historically low yields and paying off old debt at higher yields. This is great for the companies, but now I cant find any good yield.


    And I'll take green--as in greenbacks--over black or yellow gold.image >>

    I bot new issue munis with call protection locking in anywhere from 5% out 5 years ( Philadelphia GO's as a matter of fact to essential purpose bonds at 6.5% out 30 years.

    Also non callable corporates out to 2015.....how about a Goldman Sachs bond to 2012 or 2014 locking in 9%.
    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.




  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    <<Also non callable corporates out to 2015.....how about a Goldman Sachs bond to 2012 or 2014 locking in 9%>>

    My Morgan Stanley friend suggests the same : )

    I did buy some muni's but missed the big bond move. Not my strength

    I'm actually about to short the 10 year as a trade/hedge
    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......
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    ps - when all heck is breaking loose and it appears that the financial system is in the midst of a meltdown, it's crazy to put your money into FUNDS with just paper assets. Yes, in hindsight it was the way to make triple or quadruple your money - but then again you could have made ten times your money in casino stocks

    Is this refering to mining stocks which the most secure in fact do have verified metal in the ground? Those are non-paper assets. Barrick as the largest producer has over $100 BILL of hard assets in the ground. Yes, one could also have made 10X their money in casinos called Citi, GS, AIG and other insolvent entities if they were willing to go all-in. But most of those gains were made by the banks and their prefered clients using our Tarp money. Maybe it's all one big casino because unless you have stock certificates in your own possession (or your broker does with you designated in writing as onwer) all you really own is a promise. Cede and Co. is the actual owner of J6P's shares. During a major financial crisis when financial entities and brokers would be going under, how long does one have to wait in line with other "shareholders" to see if it can be sorted out as to who owns what following the doors being closed? Imagine a cluster of brokers going down at once.

    It's not easy to differentiate what companies, municipalities, states, GSE's, etc. that have potentially nasty exposure to derivatives. That makes the bond play or even stock ownership a lot more risky. As long as bailouts rule you may be covered.

    I mispoke about the volatility in gold earlier. Why that may be the politically correct Keynesian way of stating things, gold volatility is merely a mirror image response of fiat currency confidence/volatility.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • JulianJulian Posts: 3,370 ✭✭✭


    << <i>

    << <i>Sounds like this may be the first, and last, Philly show. >>



    That is an absurd comment. >>



    image totally with John on this one. Whitman set the dates for next year already!!
    PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.
    I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.

    eBaystore


  • << <i>

    << <i>

    << <i>Sounds like this may be the first, and last, Philly show. >>



    That is an absurd comment. >>



    image totally with John on this one. Whitman set the dates for next year already!! >>



    Sure. That "market report" was a commercial.
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭


    << <i>Sure. That "market report" was a commercial. >>



    Ya think? /eyeroll


  • << <i>

    << <i>Sure. That "market report" was a commercial. >>



    Ya think? /eyeroll >>



    And not a very bright one at that. They must have fools for customers to think anybody would swallow that yarn.
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Sure. That "market report" was a commercial. >>



    Ya think? /eyeroll >>



    And not a very bright one at that. They must have fools for customers to think anybody would swallow that yarn. >>



    Of course it's a commercial - it's on their website and directed at their customers. As far as 'fools for customers', all I can say is that Laura and Legend have netted me $10M in profit the last decade directly from my collecting endeavors. Real money, in the bank. How have YOU done? /eyeroll again.
  • stmanstman Posts: 11,352 ✭✭✭✭✭
    Here ya go TDN........image I know you're always looking for it.
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • PerryHallPerryHall Posts: 46,873 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Sure. That "market report" was a commercial. >>



    Ya think? /eyeroll >>



    And not a very bright one at that. They must have fools for customers to think anybody would swallow that yarn. >>



    Of course it's a commercial - it's on their website and directed at their customers. As far as 'fools for customers', all I can say is that Laura and Legend have netted me $10M in profit the last decade directly from my collecting endeavors. Real money, in the bank. How have YOU done? /eyeroll again. >>



    Watch out kurtdog. TDN is richer than you.image




    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire



  • << <i>

    << <i>

    << <i>

    << <i>Sure. That "market report" was a commercial. >>



    Ya think? /eyeroll >>



    And not a very bright one at that. They must have fools for customers to think anybody would swallow that yarn. >>



    Of course it's a commercial - it's on their website and directed at their customers. As far as 'fools for customers', all I can say is that Laura and Legend have netted me $10M in profit the last decade directly from my collecting endeavors. Real money, in the bank. How have YOU done? /eyeroll again. >>



    Let's see you make out like that in the long run. I've made more money betting football, in the short run.
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>

    << <i>Sure. That "market report" was a commercial. >>



    Ya think? /eyeroll >>



    And not a very bright one at that. They must have fools for customers to think anybody would swallow that yarn. >>



    Of course it's a commercial - it's on their website and directed at their customers. As far as 'fools for customers', all I can say is that Laura and Legend have netted me $10M in profit the last decade directly from my collecting endeavors. Real money, in the bank. How have YOU done? /eyeroll again. >>



    Watch out kurtdog. TDN is richer than you.image >>



    I'm sorry that you fail to see the rather obvious point - but of course that would require setting aside certain biases of yours, now wouldn't it?
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭


    << <i>Here ya go TDN........image I know you're always looking for it. >>



    Thanks, stman - it sure does come in handy around here for some reason! image


    More than $10M short term profits betting football? You must be Jimmy the Greek! image
  • Misfire, I'll try that again... image


  • << <i>

    << <i>Here ya go TDN........image I know you're always looking for it. >>



    Thanks, stman - it sure does come in handy around here for some reason! image

    More than $10M short term profits betting football? You must be Jimmy the Greek! image >>



    No, just Kurt the Dog. image

    Old joke time. Guy is betting football, year-in and year-out, and every year he has a losing season. One year, he drops $25,000; next year, $40,000; next year, $50,000; etc., etc., etc., for ten years straight. Finally, a concerned friend of his asks him: "Listen, did you ever think of trying something different...like basketball, say?" And the guy replies: "What the hell do I know about basketball?" image
  • As the call letters of the local FM station say, WGAFimage


  • << <i>As the call letters of the local FM station say, WGAFimage >>



    Oh, so you're next? Yeah, I do. Got a problem with that? image
  • pennyanniepennyannie Posts: 3,929 ✭✭✭
    Are you on the same path to make more than 10 mil profit in the next 10 years with Legend? Or more $$
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
  • bestdaybestday Posts: 4,242 ✭✭✭✭


    << <i>

    << <i>

    << <i>We were stumped that out of the 1000+ McClaren coins we brought, we only sold 4 to the public. You certainly can't say price or the quality were factors >>





    << <i>We are not in denial >>



    Legend seems to live on the five+ digit coin market.
    It appears that they do not seem to do well in the low-four-digit, three-digit coin market.

    To make the sort of profit you do on the big coins, you have to sell quite a bit of little coins.
    If they are not selling to the Hoi Palloi, you have two choices: Reduced Prices...or...Stagnant Inventory.
    Usually, dealers suffer the Stagnant Inventory thing for quite a while, hoping to avoid the ugly economic decision to reduce prices.
    And then there is Legend's reputation for high end coins. That works against them; nobody believes they have 'cheap' coins.
    Can Legend transition to a high volume, low cost dealer? I don't think they want to. I think this McClaren purchase has put them into a state of internal conflict.
    It's at least a happy sort of conflict that involves scads of coins. >>



    It looks like the "market" views the McClaren coins as overpriced. >>

    image nice but outside of current price
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭


    << <i>Are you on the same path to make more than 10 mil profit in the next 10 years with Legend? Or more $$ >>



    Who cares - I'm much more interested in the guy who claims to do better than that short term at football bets... image
  • bestdaybestday Posts: 4,242 ✭✭✭✭


    << <i>All I know is that in the past 18 months I've added 50% to my net worth in coins and stocks and gold is still where it started - zippo appreciation. image >>



    You won't be able to say that next year at this time....... stocks getting set up for a decline back under 6600...just look at the volume go down as stock prices rose the last 6 months.
  • CoinosaurusCoinosaurus Posts: 9,645 ✭✭✭✭✭
    Legend has been around a long time - and knows how to manage through crappy markets. Somehow I think they'll figure it out.
  • pennyanniepennyannie Posts: 3,929 ✭✭✭


    << <i>

    << <i>Are you on the same path to make more than 10 mil profit in the next 10 years with Legend? Or more $$ >>



    Who cares - I'm much more interested in the guy who claims to do better than that short term at football bets... image >>



    I doubt the football better is paying his taxes.

    Really, now that you have been down the road to making big money on coins do you see yourself actually trying to do the same or better in the next 10 years or is it going to be harder to make the next 10 million?

    I am more into rent property and i am fat and happy right now, if i think some easy pickings comes along i am in, but if it is just marginal i am going to pass. 10 years ago i would still try some marginal or risky moves that i will no longer take. Just wondering your thoughts.
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"


  • << <i>Are you on the same path to make more than 10 mil profit in the next 10 years with Legend? Or more $$ >>



    Oh, I see, you’ve got a “system.” You’re a “system player.” You must be, to think like that. I know that type. In fact, we’d encourage you along. In fact, we’d comp your meals and suites, even pick up your air fare, just to get you back for another shearing session. We’d be careful not to bust you, though, because then you wouldn’t be of any use to us, anymore. Just gently shear the wool off your back, without damaging your hide, that’s our motto. Like a good shepherd, we’re always concerned about the good health of our flock.

    You can make a lot of dough, if you play with the right people...'that about sum it up, for you? Well, good for you, good luck... image
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭


    << <i>

    << <i>Are you on the same path to make more than 10 mil profit in the next 10 years with Legend? Or more $$ >>



    Oh, I see, you’ve got a “system.” You’re a “system player.” You must be, to think like that. I know that type. In fact, we’d encourage you along. In fact, we’d comp your meals and suites, even pick up your air fare, just to get you back for another shearing session. We’d be careful not to bust you, though, because then you wouldn’t be of any use to us, anymore. Just gently shear the wool off your back, without damaging your hide, that’s our motto. Like a good shepherd, we’re always concerned about the good health of our flock.

    You can make a lot of dough, if you play with the right people...'that about sum it up, for you? Well, good for you, good luck... image >>



    My goodness, wonderdog, you are full of yourself aren't you? You have absolutely no clue. System? My only system has been to buy the best coins I could and build great sets. It works in a rising market - and then I'm left with my favorite coins and favorite sets to tide me over.

    I'm not interested in playing with you any more. 45 posts and no one has called you out on your football betting claims? How interesting. Now be a good puppy and go pee on your sheet in the corner.
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    Perhaps our football genius will give us his picks for this weekend.

    And for quid pro quo, Bruce can suggest a coin... One thing about Legends coins, they are typically very high quality. I only wish I could afford them.

    What say you men?

    Football picks (3 please, including over under)

    Coin pick (from inventory please)
    Retired United States Mint guy, now working on an Everyman Type Set.
  • When you guys start bragging about who lost the most money I'd like to contribute.
    In the land of the blind the one-eyed man is king.
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭


    << <i>Perhaps our football genius will give us his picks for this weekend.

    And for quid pro quo, Bruce can suggest a coin... One thing about Legends coins, they are typically very high quality. I only wish I could afford them.

    What say you men?

    Football picks (3 please, including over under)

    Coin pick (from inventory please) >>



    The first coin that came to mind was this:

    image
  • DHeathDHeath Posts: 8,472 ✭✭✭
    Nice looking half. It is unusual to find a 36 with any real cameo contrast.
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭


    << <i>Nice looking half. It is unusual to find a 36 with any real cameo contrast. >>



    I agree. But the wonder dogs of the world whip out the sheet and ask why it's $500 too much. And then call the people that pay up for it stupid. image


  • << <i>

    << <i>

    << <i>Are you on the same path to make more than 10 mil profit in the next 10 years with Legend? Or more $$ >>



    Oh, I see, you’ve got a “system.” You’re a “system player.” You must be, to think like that. I know that type. In fact, we’d encourage you along. In fact, we’d comp your meals and suites, even pick up your air fare, just to get you back for another shearing session. We’d be careful not to bust you, though, because then you wouldn’t be of any use to us, anymore. Just gently shear the wool off your back, without damaging your hide, that’s our motto. Like a good shepherd, we’re always concerned about the good health of our flock.

    You can make a lot of dough, if you play with the right people...'that about sum it up, for you? Well, good for you, good luck... image >>



    My goodness, wonderdog, you are full of yourself aren't you? You have absolutely no clue. System? My only system has been to buy the best coins I could and build great sets. It works in a rising market - and then I'm left with my favorite coins and favorite sets to tide me over.

    I'm not interested in playing with you any more. 45 posts and no one has called you out on your football betting claims? How interesting. Now be a good puppy and go pee on your sheet in the corner. >>



    Then have it your way. FWIW, sorry for chewing so hard on your shoe...
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    I REALLY like that 1936 Half. It seems someone else likes it for $5,500 as well as I see the coin is on hold. Beautiful PR65!

    Well, Bruce has anted up..... care to make 3 predictions for Sunday? You can even use a teaser if you want.

    FYI, I am goind to put a tickler on this and come back next year and see where that coin stands. You can NEVER go wrong with quality. I may be a thin pocket collector, but I recognize the type of high quality coins sold by Legend. But then the question is, does Bear get a free jelly donut with his purchases?
    Retired United States Mint guy, now working on an Everyman Type Set.
  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭


    << <i>Well, Bruce has anted up..... care to make 3 predictions for Sunday? You can even use a teaser if you want. >>


    OK, you want to (almost) double your money this weekend?

    Bears -4
    Steelers -1

    on the teaser (10/11 payoff).

    EOM.


  • << <i>I REALLY like that 1936 Half. It seems someone else likes it for $5,500 as well as I see the coin is on hold. Beautiful PR65!

    Well, Bruce has anted up..... care to make 3 predictions for Sunday? You can even use a teaser if you want.

    FYI, I am goind to put a tickler on this and come back next year and see where that coin stands. You can NEVER go wrong with quality. I may be a thin pocket collector, but I recognize the type of high quality coins sold by Legend. But then the question is, does Bear get a free jelly donut with his purchases? >>



    Boy, you get your teeth into something, you don't let go, do you? Hell, I know the feeling, myself...

    Ok, let me clear a couple of things up. One, I'd gladly give you those three, as freebies, but, I don't do that, anymore. And, two, I misread that statement as 10K. I left the outrageous claim stand, though, because, well, you guys were just having so much fun with it. Feeling like a wet dog that got kicked out of the house for that, too (...should that make any of you feel any better).
  • OK, if the kurtdog is out of the doghouse, now, I have a question. What's the connection, if any, between Legend and CAC? I ask, of course, because of this, um, "Market Report;" as well as because this upcoming "Coinfest" seems like another marketing, um, let me just call it, "opportunity," for CAC. The kurtdog is and always has been a supporter of CAC, BTW (for whatever that might or might not be worth to anybody). I'd just like to know this; I'm curious...
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭
    This has been discussed a lot in the past - do a search and you'll probably find even more info than you want to read.
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭
    Legend's principals are shareholders in CAC. I personally committed quite a sum of money [nowhere near what JA did, however] in order to attempt to clean up the hobby by slowing grade inflation, certain inside actions and coin doctoring.
  • PerryHallPerryHall Posts: 46,873 ✭✭✭✭✭


    << <i>What's the connection, if any, between Legend and CAC? >>



    Legend is one of the owners of CAC, but you probably already knew that.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭


    << <i>

    << <i>What's the connection, if any, between Legend and CAC? >>



    Legend is one of the owners of CAC, but you probably already knew that. >>



    Technically that's not correct since the company itself owns no shares in CAC
  • PerryHallPerryHall Posts: 46,873 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>What's the connection, if any, between Legend and CAC? >>



    Legend is one of the owners of CAC, but you probably already knew that. >>



    Technically that's not correct since the company itself owns no shares in CAC >>



    In that case, one of the owners of Legend is also one of the owners of CAC. Did I get it right this time?image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>What's the connection, if any, between Legend and CAC? >>



    Legend is one of the owners of CAC, but you probably already knew that. >>



    Technically that's not correct since the company itself owns no shares in CAC >>



    In that case, one of the owners of Legend is also one of the owners of CAC. Did I get it right this time?image >>



    Not quite. The THREE owners of Legend are also THREE of the owners of CAC.
  • BearBear Posts: 18,953 ✭✭✭
    Clean up the Industry? I suspect that one might need

    and Industrial size soapy Brillo Pad and some caustic lye

    soap might be refreshing.image
    There once was a place called
    Camelotimage
  • That market report makes a lot more sense to me, now. Thanks, folks. You too, tradedollarnut, you're alright. Have to git for now...
  • They need a nice market report to sell their expensive high marked up coins. Good thing they are pardners with CAC huh?

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