Legend's take on Baltimore

Justacommeman · June 19, 2011 8:49AM

questor54 · June 19, 2011 8:50AM

I really enjoy these reports - thank you for posting them!

rays · June 19, 2011 9:01AM

I enjoy Laura's Market Reports as well.
I take a little issue with her statement:

<< Like it or not quality and CAC stickered coins rule. >>

First, as a part owner in CAC, Legend has a structural bias in favor of CAC.

Second, at least in the early copper community and market, slabs are barely tolerated and I don't know anyone who cares if an early copper coin is "CAC'd" or not.

MsMorrisine · June 19, 2011 9:04AM

you've been scooped

tradedollarnut · June 19, 2011 9:04AM

<< I enjoy Laura's Market Reports as well.
I take a little issue with her statement:

<< Like it or not quality and CAC stickered coins rule. >>

First, as a part owner in CAC, Legend has a structural bias in favor of CAC.

Second, at least in the early copper community and market, slabs are barely tolerated and I don't know anyone who cares if an early copper coin is "CAC'd" or not. >>

Read the huge disclaimer in RED. In the market area that Legend operates in, CAC stickered coins rule.

CoinJunkie · June 19, 2011 9:05AM

<< Read the huge disclaimer in RED. In the market area that Legend operates in, CAC stickered coins rule. >>

The market area that deals exclusively in CAC coins?

keyman64 · June 19, 2011 9:09AM

This was posted yesterday by Bear.

tradedollarnut · June 19, 2011 9:10AM

<< 

<< Read the huge disclaimer in RED. In the market area that Legend operates in, CAC stickered coins rule. >>

The market area that deals exclusively in CAC coins?

>>

Believe it or not, retail is by far a minority of Legend's sales. While their retail is CAC only, a huge amount of sales [collectors selling, auction, wholesale] are not.

questor54 · June 19, 2011 9:11AM

oops. I still like them.

Justacommeman · June 19, 2011 9:11AM

<< you've been scooped >>

I guess so. I searched the word "Legend" before I posted this and nothing but my old stuff came out on top so I figured it wasn't listed yet. Anyways, I'm in Italy so cut me some slack

MJ

CoinJunkie · June 19, 2011 9:14AM

<< While OUR retail is CAC only, a huge amount of sales [collectors selling, auction, wholesale] are not. >>

Fixed it for you.

rays · June 19, 2011 9:38AM

Legend participates in the EAC market. At least I think so, as my last coin purchase was one their Naftzger hoard large cents a few weeks ago.

And yes, it was CAC'd.

Barry · June 19, 2011 9:55AM

Guess I'm not supposed the read the report since it's prefaced with:
YET AGAIN WE MUST REMIND EVERYONE THESE REPORTS WE POST ARE FOR LEGENDS CUSTOMER BASE.

What I'm surprised is not written, as it always has been in the past, is how it was a lousy show for everyone but us. We sold a record $100000000000000000 in coins

keyman64 · June 19, 2011 11:18AM

CRO seemed to have a good show. I guess it helps to have coins that people want to buy at any given moment. You can have the highest quality stuff on the planet but if no one wants to buy your stuff then you clearly have the wrong stuff, for that day/show at least. You win some; you lose some.

MidLifeCrisis · June 19, 2011 11:25AM

I'm not a dealer...but I had a great show! And I was only there for about an hour on Saturday.

tradedollarnut · June 19, 2011 11:31AM

<< 

<< While OUR retail is CAC only, a huge amount of sales [collectors selling, auction, wholesale] are not. >>

Fixed it for you.

>>

So what's your point? If you're just going to make wrong and snarky comments, why post?

CoinJunkie · June 19, 2011 11:46AM

<< 

<< 

<< While OUR retail is CAC only, a huge amount of sales [collectors selling, auction, wholesale] are not. >>

Fixed it for you.

>>

So what's your point? If you're just going to make wrong and snarky comments, why post?

>>

I guess my point is that one doesn't have to be rich to be smarmy. (I didn't appreciate it when you
did the same thing to one of my posts a few weeks back.)

ColonialCoinUnion · June 19, 2011 11:48AM

I'm genuinely surprised to read Legend's take - I thought the show was very busy throughout, though it's sometimes hard to see what is happening in the other aisles.

rays · June 19, 2011 11:52AM

On a related note, it was weird seeing Legend's table empty at Long Beach earlier this month. I believe this was the first time I ever saw their table empty in nearly 20 years.

rays · June 19, 2011 11:56AM

.

tradedollarnut · June 19, 2011 12:15PM

<< 

<< 

<< 

<< While OUR retail is CAC only, a huge amount of sales [collectors selling, auction, wholesale] are not. >>

Fixed it for you.

>>

So what's your point? If you're just going to make wrong and snarky comments, why post?

>>

I guess my point is that one doesn't have to be rich to be smarmy. (I didn't appreciate it when you
did the same thing to one of my posts a few weeks back.)

>>

The difference is that mine was funny.

CoinJunkie · June 19, 2011 12:32PM

<< 

<< 

<< 

<< 

<< While OUR retail is CAC only, a huge amount of sales [collectors selling, auction, wholesale] are not. >>

Fixed it for you.

>>

So what's your point? If you're just going to make wrong and snarky comments, why post?

>>

I guess my point is that one doesn't have to be rich to be smarmy. (I didn't appreciate it when you
did the same thing to one of my posts a few weeks back.)

>>

The difference is that mine was funny.

>>

True. I guess I'll have to settle for "accurate"...

EagleEye · June 19, 2011 12:39PM

I would say it would be prudent to take advantage of slower shows. You can sometimes get good deals on great coins. I also like to bid on auctions that are under-attended.

That's why I opted to just walk the floor and buy. Picked up a great collection of Civil War Tokens put together by Jeff Shevlin (The So-Called dollar guy).

One dealer had all CAC stickered coins, but was asking stupid money for the ones I checked. For instance, for a FE cent in MS64 which should sell between $1500 and $1750 if it were all-there (Eagle Eye Photo Seal quality), he was asking $2250. I asked where he got that price, and he said it's a CAC-stickered coin, so that's what its worth, as if the coin was something really special, which it wasn't.

It is one thing to sell sell stickered coins for more than non-stickered coins, but the price also has to be realistic, or you can get burned just as bad by an over-priced stickered coin than by a low end non-stickered coin.

bidask · June 19, 2011 12:43PM

<< I would say it would be prudent to take advantage of slower shows. You can sometimes get good deals on great coins. I also like to bid on auctions that are under-attended.

That's why I opted to just walk the floor and buy. Picked up a great collection of Civil War Tokens put together by Jeff Shevlin (The So-Called dollar guy).

One dealer had all CAC stickered coins, but was asking stupid money for the ones I checked. For instance, for a FE cent in MS64 which should sell between $1500 and $1750 if it were all-there (Eagle Eye Photo Seal quality), he was asking $2250. I asked where he got that price, and he said it's a CAC-stickered coin, so that's what its worth, as if the coin was something really special, which it wasn't.

It is one thing to sell sell stickered coins for more than non-stickered coins, but the price also has to be realistic, or you can get burned just as bad by an over-priced stickered coin than by a low end non-stickered coin. >>

I think that is true...... especially for widgets like the example you gave , ....a cac ms 64 FE cent. ( That is not a dreck coin)

Legend's take on Baltimore

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