New Legend Market report is up and highlights the Sunnywood sale
Justacommeman
Posts: 22,852 ✭✭✭✭✭
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......
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......
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the language she uses to describe some dealers is pretty pathetic.
go ahead and read between the lines on this blurb:
"simple judgement: if they are not handling CAC coins (as a retailer) ask them why? Even if they don't agree with the grading (no one ever agrees in this biz with anything), then at the very least they would want their customers to protected from the messed with coins that are so numerous. You'd be amazed which dealers are nothing more than whores for coin docs. You would also be amazed which dealers couldn't grade a raw coin if their lives depended on it! Slowly, CAC IS making a difference in the marketplace-and CAC certainly helped the markets liquidity through its roughest period ealier this year."
naturally no mention of which dealers to avoid by name as the whoring
evil doers they are. if they do not sell cac coins they may be a whore,
a clueless dealer who cannot grade, or pathetically naive. naturally
cac will solve it.
so who are these dealers who sell 50,000+ dollar coins that are whoring,
bad grading, and naive bumpkins? dealers are a small community at
shows.. so who exactly is she talking about? hmmm
i have to say the ranting is pretty sad.
but i am sure tdn will come along shortly. be patient.
<< <i>...you know.. i am so tired of her reports.
>>
There is a very simple solution for that - stop reading them......if you can. Of course, that wouldn't be nearly as much fun as complaining about them.
1) I have NOT found a price drop in really nice high end type coins in conjunction with the manic rush to gold. Sure, coins which were bosta for their MS 66 and MS 67 slabs were less expensive, but anyone who knew how to grade wouldn't want these coins in the first place.
Yes, AU Heraldic Bust $s which were abortions in slabs were less expensive. Ditto re some MS 66 Liberty Nickels I've seen which in my opinion, were worked on so much that they shouldn't have been slabbed in the first place.
I believe the type coins which did get less expensive dropped before the latest gold rush due to the fact that they were bid up too high in the first place. I remember a dealer in Long Beach two years ago was asking $8,500 for a nice for the grade 1893 Nickel in a PC 6 holder. Please don't insult my intelligence. Only a cafona would pay that kind of money for it.
2) On the whole, I have agreed with the CAC opinion re stickered coins which I have seen. Still, their opinion, while an expert opinion, is still just that, an opinion. And experts make mistakes. Just like I've seen a number of coins whose grades I do not agree with, ditto re stickered coins.
Imo, buying a coin just because it's stickered is the same thing as buying a coin in an MS 65 holder because someone wanted a gem for the grade. LEARN HOW TO GRADE A COIN YOURSELF, AND THEN SEE WHETHER YOU AGREE WITH THE SLABBED GRADE, AND WHETHER YOU AGREE SAID COIN IS WORTHY OF A STICKER.
"Seu cabra da peste,
"Sou Mangueira......."
The neat nice coins are not even in auctions anymore (We were told Stacks had to cancel its Pre FUN sale for lack of material).
I had noticed that the Heritage FUN sale was seriously lacking in the number of interesting coins (to me). This info is another interesting piece of the puzzle...
Who is John Galt?
There is a very simple solution for that - stop reading them......if you can. Of course, that wouldn't be nearly as much fun as complaining about them.
I have a feeling that the expression "I am so tired" is a rhetorical flourish by which fc means that he disagrees with Laura's report once again for the same reason. And what you call a "complaint" is a legitimate criticism. If members here want to link to Laura's market reports, it's only fair that we should hear other points of view. Let's encourage discussion instead of trying to stifle it.
Edited to fix boldface type.
The next most reliable/logical source for a doctor other than shopping the bourse themselves would be dealers. How would you speculate how such coins get into a doctors hands if they are not out buying them, from collectors? I say thee nay, nay. No accusations, just looking at the physics of the whole thing.
<< <i>...you know.. i am so tired of her reports.
There is a very simple solution for that - stop reading them......if you can. Of course, that wouldn't be nearly as much fun as complaining about them.
I have a feeling that the expression "I am so tired" is a rhetorical flourish by which fc means that he disagrees with Laura's report once again for the same reason. And what you call a "complaint" is a legitimate criticism. If members here want to link to Laura's market reports, it's only fair that we should hear other points of view. Let's encourage discussion instead of trying to stifle it.
Edited to fix boldface type. >>
Discuss away. I didn't say the criticisms weren't legitimate. But I'm tired of his being tired of those reports. To be fair, I guess that means I should take my own advice and stop reading his posts about them.
That is one of the most insightful things I have ever heard from Laura........it sums up a lot........
I have found that the premium on these superb coins is not as great
as it has been. In any even, I appreciate all the reports from dealers. As
Mark says, each has a piece to add to the puzzle that is the coin market.
Camelot
<< <i>
<< <i>...you know.. i am so tired of her reports.
>>
There is a very simple solution for that - stop reading them......if you can. Of course, that wouldn't be nearly as much fun as complaining about them. >>
I rarely read them any more. I find that the threads posted about them on here are usually more entertaining and sometimes even more enlightening!
That is one of the most insightful things I have ever heard from Laura........it sums up a lot........
Sure, collectors "watch what other collectors do", but they also rubberneck at fatal car wrecks and watch porn. So what's the point?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>"...collectors LOVE to watch what other collectors do."
That is one of the most insightful things I have ever heard from Laura........it sums up a lot........
Sure, collectors "watch what other collectors do", but they also rubberneck at fatal car wrecks and watch porn. So what's the point? >>
The point is that this isn't the stock market - we aren't driven by fundamentals like good business models and strong balance sheets.
In the collector realm, a "strong balance sheet" is formed by the collective opinion of everyone else. So everybody keeps their eye on each other.
Camelot
but Ifen I gots to keep an eye on the rest
of you varmints and what all your a doin,
then that is what I gots to do.
Camelot
Dunno about fatal but there sure were a lot of accidents in the area today.......
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>Why is she so afraid to name NAMES, she does not strike me as shy. I like reading her reports reguardless if i agree or not. But i do grow tired of always hearing about docs and whores and everyone is afraid to name them. There has to be a way to name them without fear of a huge lawsuit >>
She named at least one in another forum.
<< <i>
I rarely read them any more. I find that the threads posted about them on here are usually more entertaining and sometimes even more enlightening! >>
<< <i> There has to be a way to name them without fear of a huge lawsuit >>
How would that work? "I can't divluge the name, but it rhymes with...?" A cryptic anagram? Really, slander is serious stuff, legally speaking.
Camelot
of collectors to make such a charge stick in court. However, I have found,
in general, the larger the ad, the worse the coins provided.It would seem,
that it is easier to point out the truly excellent dealers, then prove the truly
bad dealers. Stick with the good dealers. There will not be give away prices,
but you will receive quality coins worth every bit of the money paid.
Camelot
<< <i>One would need affidavits, pictures, receipts, from a significant number
of collectors to make such a charge stick in court. However, I have found,
in general, the larger the ad, the worse the coins provided.It would seem,
that it is easier to point out the truly excellent dealers, then prove the truly
bad dealers. Stick with the good dealers. There will not be give away prices,
but you will receive quality coins worth every bit of the money paid. >>
Agree.
Full page ad in Coin World with mostly raw coins = Caveat Emptor
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
A great way to discourage coin doctoring is to publicly mention specific rare coins that have been doctored. Many times, Laura has been asked to do so and has not responded to such requests.
Collectors may gain considerable knowledge by reading articles on CoinLink.com. At the very least, they can learn about the problems in the coin business and read insights put forth by knowledgeable experts. Please click below to read a three part series on natural toning, dipping and coin doctoring:
Collecting and Appreciating Naturally Toned Coins, Part 1
Collecting and Appreciating Naturally Toned Coins, Part 2
Part 3
keoj
I enjoy reading your posts Bear, but when it comes to Legend, you really demonstrate the art of butt smooching. I admit, generally I'm not bad myself, so I have to tip my hat...
doesn't necessarily mean that I am sucking up.
I might have been into a jar of Bosco Chocolate
Syrup.
Camelot
and bear does not sheet in the Legend woods at all costs. He holds it until he leaves New Jersey............MJ
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......
(If only I had not bought all that other crap...
Laura, on the other hand, is willing to say things others aren't, her reports are entertaining, and some of the typos can be downright hilarious. And I find myself agreeing with at least one thing and disagreeing with one thing (or at least not liking it) pretty much every time. I don't buy a tremendous amount from Legend but I do check out her reports and they draw me to the Legend website so I say nice job, and keep it up.
"Look up, old boy, and see what you get." -William Bonney.
Keoj, there's a fine line between what is and what is not an acceptable level of work on a slabbed coin. This line changes radically, depending on the series. I collect 19th Century type, and I see very few coins which I would call original. For example, I see a fair number of MS 66 Liberty Nickels which have been dipped and have (dip) residue. I've seen others that are so bright that they look like they have just come from the mint, even though they are over one hundred years old.
When looking at early 19th century silver type, the bar is lowered. The extreme example is the Bust Dollar, where imo, unless the coin is an absolute numismatic abortion, it's slabbed.
"Seu cabra da peste,
"Sou Mangueira......."