Legend Houston report now posted

Justacommeman · December 6, 2009 8:17AM

Houston we have a problem

*****Stay tuned for a major announcement this week from PCGS-involving us! Sign up for their EZINE as we believe thats where it will be breaking*******

MJ

soty27 · December 6, 2009 8:40AM

I saw laura at the show several times. She always seems like a very nice person until someone gets on her bad side. I remember her ranting to someone else about someone and the wrath that she would bring if this other person did something.

Bear · December 6, 2009 8:43AM

Laura indeed makes a good and loyal friend,

but she can also be a fierce enemy.

291fifth · December 6, 2009 8:43AM

It makes you wonder if the market for "ordinary", non-gold numismatic coins even exists.

Bear · December 6, 2009 8:46AM

It does exist but is sort of hanging in suspension.

Nice type coins are still being accumulated but verrryyyyy

quietly. Prices have moderated on these and there are no

posted increases for some time. It is always darkest before

the dawn. Shhhhhhhh, quiet as a mouse!

al410 · December 6, 2009 8:50AM

291fifth> Yes it does exist, just we all get caught up in looking at and talking about coins which "most" of us will never own so we don't talk about the great "ordinary" coin collections that we have. These "ordinary" coins are bought and sold at every coin show but are not the "talked " about coins. After you see a person posting a $5000.00 coin it may keep some people from posting a $75.00 dollar coin that they are really happy and proud to own.
AL

ksteelheader · December 6, 2009 9:07AM

me, me, me, I, I, I.

Bear · December 6, 2009 9:29AM

The news to be delivered by PCGS involving Legend, will

be positive for the hobby. Legend is now one of PCGS's important

advertisers and clients. All issues from the past have been resolved

and both parties are moving ahead in a cooperative manner. This has

been a very good thing for the hobby as both PCGS and Legend play

very important roles in the present as well as the future of our hobby.

Justacommeman · December 6, 2009 9:38AM

Are they going PCGS exclusive on their site? I noticed they only have one NGC coin in their entire on-line inventory that's unsold or not on hold. Surely the announcement will be bigger that that. I do realize that they normally carry more PCGS then NGC...... They already have only CAC approved coins on their site. MJ

tradedollarnut · December 6, 2009 9:46AM

<< Are they going PCGS exclusive on their site? I noticed they only have one NGC coin in their entire on-line inventory that's unsold or not on hold. Surely the announcement will be bigger that that. I do realize that they normally carry more PCGS then NGC...... They already have only CAC approved coins on their site. MJ >>

I highly doubt it. I've bought some really nice coins in NGC holders over the years. Having a policy of rejecting the holder without considering the coin is foolish - from both a collectors AND a dealer's perspective.

lathmach · December 6, 2009 9:59AM

<< The news to be delivered by PCGS involving Legend, will

be positive for the hobby. Legend is now one of PCGS's important

advertisers and clients. All issues from the past have been resolved

and both parties are moving ahead in a cooperative manner. This has

been a very good thing for the hobby as both PCGS and Legend play

very important roles in the present as well as the future of our hobby. >>

Cool.
Does this mean that CU is going to "UnBan" Laura so she can come here and post again?

Ray

Bear · December 6, 2009 10:31AM

She has been unbanned, but she

chooses to spend her time

in more profitable venues. She writes

her column, states her opinions and gets

back to business. When Laura was on the

Forum, she was very interesting, but a number

of Forum Members, turned her presence into a

game of how much they could irritate her. That

negative attitude is what causes many dealers to

cease participation on our Forum. It is a shame and

a true loss for many of us.

TomB · December 6, 2009 10:40AM

<< She has been unbanned, but she

chooses to spend her time

in more profitable venues. She writes

her column, states her opinions and gets

back to business. When Laura was on the

Forum, she was very interesting, but a number

of Forum Members, turned her presence into a

game of how much they could irritate her. That

negative attitude is what causes many dealers to

cease participation on our Forum. It is a shame and

a true loss for many of us. >>

The text in bold is incorrect. She is still banned under the name Legend, which is the name she posted under previously.

WTCG · December 6, 2009 10:48AM

<< It makes you wonder if the market for "ordinary", non-gold numismatic coins even exists. >>

The market for solid, choice and gem coins definitely exists. Although gold is the best seller now, gold coins by themselves cannot sustain an entire marketplace. Despite what the report says, gold wasn't selling in Houston as well as it has been at shows in the recent past.

Just because the market is in general passing over your head doesn't mean it doesn't exist. Start buying and selling coins daily and attend 40 coin shows per year and then perhaps your opinions regarding the coin market will carry more credibility.

WTCG · December 6, 2009 10:50AM

And for the record, Laura has been unbanned. She just chooses not to actively participate but she is fully aware of what's been going on here.

tradedollarnut · December 6, 2009 10:52AM

but a number of Forum Members, turned her presence into a game of how much they could irritate her

Yes, one of whom has already posted here. Really - if he has nothing constructive to add why does he bother?

DonWillis · December 6, 2009 11:06AM

Laura can post here anytime she wants. Although my advice to her is that it is not worth the trouble. There are too many people on these boards that would love to have her as a target again. Eventually those people will be banned and she will come back.

tradedollarnut · December 6, 2009 11:11AM

Eventually those people will be banned and she will come back.

Subtle, but direct. I like it.

roadrunner · December 6, 2009 11:43AM

Despite what the report says, gold wasn't selling in Houston as well as it has been at shows in the recent past.

Well a $60 drop in the pog over 2 days has a way of doing that. No big surprise there. While generics may have dropped 3-5% by Friday they were still trading and in demand. That's a big change where typically the big boyz just stop buying altogether. Gold wholesalers are still calling potential sellers to fill large orders.

roadrunner

JCMhouston · December 6, 2009 12:03PM

<< Just because the market is in general passing over your head doesn't mean it doesn't exist. Start buying and selling coins daily and attend 40 coin shows per year and then perhaps your opinions regarding the coin market will carry more credibility. >>

That seems a bit harsh. I don't attend 40 shows a year, I don't buy and sell coins daily (actually I buy frequently but rarely sell), but my opinion of the small esoteric market I play in may be valid none-the-less (and so may the posters although I don't know him). My view of what the poster was saying is that for a great many of us generic gold pricing has absolutely no meaning to the collectors market we buy in. And I happen to agree that gold pricing swings have zero relationship to the coins I buy.

I have no problems with the metals market, heck, many dealers could hardly make a living if they had to rely on just collectors. And I do speculate in precious metals on occasion, but I don't talk about it here.

TomB · December 6, 2009 12:06PM

<< Laura can post here anytime she wants. Although my advice to her is that it is not worth the trouble. There are too many people on these boards that would love to have her as a target again. Eventually those people will be banned and she will come back.

>>

Don, I realize you know more of the inner workings about PCGS than I do and you state that Laura may be able to post here anytime she wants, but her username of Legend is still banned. If you type in the username of a banned PCGS member you receive the following message-

<< Login Denied, you are not authorized to login to the forums. >>

This is the message one receives if one attempts to login as Legend. This is not the same message that one receives if they attempt to login as a PCGS member who is not banned. She may be able to post here anytime she wants, but the Legend username is banned at this moment.

Stuart · December 6, 2009 12:11PM

Don: I enjoyed seeing you again and participating in your Educational Presentation during this week's Houston SW Money Coin Show. Many of us previously knew Don from these message boards as PreNum, as an early American Bust Coin dealer at Premium Numismatics.

Don, you will be pleased to know that I renewed my PCGS Platinum Collector's Club membership at the show, and submitted my 8 coins included with the membership: One (1) $20 Liberty and Seven (7) $20 Saint Gaudens...

We Texas coin collectors really appreciate your participation at our local coin show. Thanks again!

RedneckHB · December 6, 2009 12:16PM

If all the business is done WHOLESALE, then where does it go? I never hear about retail sales, so are the dealers just buying this stuff for themselves? I dont understand how there can be a wholesale market without a retail end user. Eventually this game of "hot potato" will end, and it will end badly, just as it always does.

It was like the peak of the market 2 years ago all over again only you felt some urgency.

History always repeats.

dsessom · December 6, 2009 12:18PM

<< Laura can post here anytime she wants. Although my advice to her is that it is not worth the trouble. There are too many people on these boards that would love to have her as a target again. Eventually those people will be banned and she will come back.

>>

Can't we all just get along? Nobody is perfect. We are all here for the love of numismatics.

CaptainRon · December 6, 2009 12:20PM

<< If all the business is done WHOLESALE, then where does it go? I never hear about retail sales, so are the dealers just buying this stuff for themselves? I dont understand how there can be a wholesale market without a retail end user. Eventually this game of "hot potato" will end, and it will end badly, just as it always does. >>

I think us collectors would welcome that, unless of course you are looking to sell in the near future.

sonoranmonsoon · December 6, 2009 7:49PM

What is the "ezine" we are asked to sign up for?

jhdfla · December 6, 2009 8:59PM

Just a few comments.

Type is, and has always been, the backbone of the coin industry. It is being accumulated in up or down markets, any weakness in type only presents a buying opportunity.

As far as the guesstimate of 50% of all red copper over 100 yrs old being messed with is concerned, I think that number is way low. Personally I think it's closer to Ira's estimate of 99% as he

mentioned in another thread.

IF gold corrects in any major way (and I'm not sure that it will) a lot of people will be holding a ton of overpriced high pop generic gold. If you are in the generic market just to flip for a profit,

that's fine, but if your intention is to hold for any length of time I would be very wary buying at these levels. Some of the small denomination gold like the 2 1/2 Libs in low pop dates have

always looked undervalued to me, but there never has been enough of a (numismatic) collector base for these. Maybe someday that will change.

John

mommam17 · December 7, 2009 12:55AM

I wish Laura would come back. Her and Mark are my 2 favorite posters. GREAT knowledge they share with us. Interesting, only 1 negative poster in this thread.

pennyannie · December 7, 2009 1:18AM

Her business does not need her to post on open forums and i would not subject myself to the BS that would follow if she did.

Walkerguy21D · December 7, 2009 1:37AM

<< It makes you wonder if the market for "ordinary", non-gold numismatic coins even exists. >>

One show, and one dealer's report on it, does not a market make.....sounded like the Parsippany NJ show was strong for good ol' fashioned collector coins, like Barbers. And judging by the prices circ Barbers (and better Walkers) continue to bring on the the Bay, I don't think this is limited to the Northeast.

littlebear · December 7, 2009 3:17AM

<< 

<< Are they going PCGS exclusive on their site? I noticed they only have one NGC coin in their entire on-line inventory that's unsold or not on hold. Surely the announcement will be bigger that that. I do realize that they normally carry more PCGS then NGC...... They already have only CAC approved coins on their site. MJ >>

I highly doubt it. I've bought some really nice coins in NGC holders over the years. Having a policy of rejecting the holder without considering the coin is foolish - from both a collectors AND a dealer's perspective. >>

Well said, TDN.

Amazing, isn't it? People can rant and rave, but it always comes back to THE COIN and not the holder. Isn't that the essence of numismatics?

Larry L.

rld14 · December 7, 2009 4:03AM

<< Laura can post here anytime she wants. Although my advice to her is that it is not worth the trouble. There are too many people on these boards that would love to have her as a target again. Eventually those people will be banned and she will come back.

>>

I for one would love to see her posting on here. It bothers me that some people see fit to bait her and that's a shame. I hear people say that she can be abrasive, opinionated, etc.

So what? She knows a tremendous amount about coins, has a great eye and knows her end of the market VERY well. I've read on here that her market reports are written about her customers, the market that she works in and her experiences. Makes sense to me, I collect Circ stuff, I generally just don't like mint state coins. She doesn't deal in circ stuff (I don't think she has a nice VF30 or better Barber in stock lol) but I certainly can appreciate what she sells.

crypto79 · December 7, 2009 6:39AM

I would almost argue that she does still post here just on her terms and her website. Who do you think she is talking to on her reports? Because she is a person of solutions not problems she just clipped peoples ability to respond (be it negative or positive) who she doesn't want to hear from. The people on this forum that need to have a direct line to her do. Plus I would remind people that you do not need to login to read posts.

The truth will set you free. Unless Chuck Norris has you, in which case, forget it buddy!

PonyExpress8 · December 7, 2009 7:14AM

<< It makes you wonder if the market for "ordinary", non-gold numismatic coins even exists. >>

One show, and one dealer's report on it, does not a market make.....sounded like the Parsippany NJ show was strong for good ol' fashioned collector coins, like Barbers. And judging by the prices circ Barbers (and better Walkers) continue to bring on the the Bay, I don't think this is limited to the Northeast.

Well put Walkerguy21D. The market for collector coins is alive and well. Nice type, short set widgets are all doing fine. I could have sold several Barbers if I could ever find any.

While the weather certainly slowed things down, I found the show just fine.

Not all is golden!

rld14 · December 7, 2009 7:24AM

<< << It makes you wonder if the market for "ordinary", non-gold numismatic coins even exists. >>

One show, and one dealer's report on it, does not a market make.....sounded like the Parsippany NJ show was strong for good ol' fashioned collector coins, like Barbers. And judging by the prices circ Barbers (and better Walkers) continue to bring on the the Bay, I don't think this is limited to the Northeast.

Well put Walkerguy21D. The market for collector coins is alive and well. Nice type, short set widgets are all doing fine. I could have sold several Barbers if I could ever find any.

While the weather certainly slowed things down, I found the show just fine.

Not all is golden!

>>

Absolutely!

Thanks again for that 92-O at Baltimore... I love that coin. And I bet if I hadn't snagged it it would have NEVER made it to Saturday

Justacommeman · December 7, 2009 9:24AM

Another dealers perspective that I value very much. MJ

Over the past few years, the Houston coin show has been evolving into a better and better convention. This year's event was the culmination of considerable effort and planning by the Greater Houston Coin Club, which succeeded in bringing a large contingent of PNG dealers to the show and transforming it into a Long Beach type convention. "The Money Show of the Southwest" had all the ingredients of a major show...an auction by Heritage Auction Galleries, a large core of PNG and large national dealers, local and regional dealers, and on-site grading by NGC and PCGS, all in a beautiful downtown convention center with the fabulous Hilton Americas Hotel attached by an enclosed corridor. I just wanted to say congratulations to everyone who helped make this show a resounding success.

edix2001 · December 7, 2009 9:46AM

Largest local club show in the country, I've heard.
Cheers!

ColonialCoinUnion · December 7, 2009 9:48AM

<< This is the message one receives if one attempts to login as Legend. >>

Why would anyone who isn't Legend try to login as Legend?

TomB · December 7, 2009 9:51AM

<< 

<< This is the message one receives if one attempts to login as Legend. >>

Why would anyone who isn't Legend try to login as Legend? >>

There are times when folks speculate if a member is banned and one way to find out if someone is banned is to attempt to login under the user ID in question. If a user ID is banned then a specific message is received that does not match the message received if the user ID is not banned, but the password used is incorrect.

fc · December 7, 2009 9:52AM

<< 

<< 

<< This is the message one receives if one attempts to login as Legend. >>

Why would anyone who isn't Legend try to login as Legend? >>

There are times when folks speculate if a member is banned and one way to find out if someone is banned is to attempt to login under the user ID in question. If a user ID is banned then a specific message is received that does not match the message received if the user ID is not banned, but the password used is incorrect. >>

tomb is a hacker

adamlaneus · December 7, 2009 9:54AM

<< 

<< 

<< 

<< This is the message one receives if one attempts to login as Legend. >>

Why would anyone who isn't Legend try to login as Legend? >>

There are times when folks speculate if a member is banned and one way to find out if someone is banned is to attempt to login under the user ID in question. If a user ID is banned then a specific message is received that does not match the message received if the user ID is not banned, but the password used is incorrect. >>

tomb is a hacker

>>

Exactly. Take a look at TomB's avatar.

Evil. No doubt.

Legend Houston report now posted

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