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Legend coin descriptions show market weakness
bestday
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Looking thru Legend inventory of coins 1 thing stood out in their coin descriptions.. The description part ....they list what the coin amount sold for before .. many times the coin last sold some as early 1 year ago ..... prices have dipped 10-20 % in the case of a Proof Indian cent 50 % over a couple years .. Surprised coin market that weak
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Once the market finishes absorbing these coins into strong hands again, there should be no reason for them not to hold their value.
about 2 years ago I bought a 1914-d in pc64r for like 8000. sold it off a while back and acquired a 65 cac coin for mid 8. these were -12k + just a year ago.
also picked up a gobrecht dollar at a much reduced price, always wanted one but never wanted to spend the money, got it like 3k cheaper than it would have been 1 year ago.
It's a bad time to sell, but if you have money it might be a golden opportunity to buy.
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"Coin collecting for outcasts..."
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Collectible markets move in cycles. For most people, the economy isn't good, and disposable income is no longer there.
It's a bad time to sell, but if you have money it might be a golden opportunity to buy.
You sound like my financial advisor
I've been waiting for 20 years for AU 1815 bust halves to come down. Somebody let me know when that happens.
Patience .. The Indian Cent I described .. 1893 PR 66 Bn CAC.. a non CAC sold for $2,875 in 2009 ..now is selling for $1,250 , so Legend probably paid about $900..What a haircut , if other collectors holding same coin
The softness seems to affect most collectible markets, not just coins. Unless you are one of the "stalwarts" the money just isn't there anymore and the prospects for it ever being there seem doubtful.
The "softness" is real, but the long-term prospects of a rebound are equally real. There is a very strong and loyal collector base in the rare coin market. I think we are seeing that the majority of people who came in to the coin market recently without a true "love" of rare coins are leaving because they've lost interest. I characterize these folks as trendy buyers trying to make a quick buck off the rising market. As the market has subsided so have their numbers giving us sort of a double-whammy effect. As DCW noted, other collectibles markets seeing a similar pattern. It's natural and predictable.
Meantime, circulated coin values in general remain steady. At the top end there are some real bargains these days and, more importantly, access to certain kinds of great collector coins that was unheard of for decades. If you have the stomach to buy against the trend (i.e. contrarian), I think now is the best time in years to assemble a really cool collection -- of whatever series you love.
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You need to align your perceptions with the facts.
What's wrong with you people? The economy is humming right along, haven't you heard? Our president just boasted about the record low unemployment numbers.
You need to align your perceptions with the facts.
And the labor participation rate is the lowest it's been since the 1970s. The unemployment statistics also don't address the issue of under employment where people can't get the number of hours they want to work, or are in jobs that are below their qualifications because they can't find something better.
You play games with the way you present labor statistics to make them support both sides of the spectrum.
What's wrong with you people? The economy is humming right along, haven't you heard? Our president just boasted about the record low unemployment numbers.
You need to align your perceptions with the facts.
Numbers and reality, sometimes, does not match
What's wrong with you people? The economy is humming right along, haven't you heard? Our president just boasted about the record low unemployment numbers.
You need to align your perceptions with the facts.
LOL... Low unemployment ??/..94 million not working..4th Q Gross DP up.07%.. Consumer spending flat for US...manufacturing down last 5 months ..Lies about humming USA only outdone by Chinese Communist economic stats
I've been waiting for 20 years for AU 1815 bust halves to come down. Somebody let me know when that happens.
Patience .. The Indian Cent I described .. 1893 PR 66 Bn CAC.. a non CAC sold for $2,875 in 2009 ..now is selling for $1,250 , so Legend probably paid about $900..What a haircut , if other collectors holding same coin
I didn't look at the listing, but from what you describe it was likely a toned Indian that sold for the $2,875. Legend is likely making a poor comparison to entice buyers if the coins are different. A beautiful toned PR66BN is likely worth $3K even today, CAC or not. Are the prices for the same coin?
What's wrong with you people? The economy is humming right along, haven't you heard? Our president just boasted about the record low unemployment numbers.
You need to align your perceptions with the facts.
I've been waiting for 20 years for AU 1815 bust halves to come down. Somebody let me know when that happens.
Patience .. The Indian Cent I described .. 1893 PR 66 Bn CAC.. a non CAC sold for $2,875 in 2009 ..now is selling for $1,250 , so Legend probably paid about $900..What a haircut , if other collectors holding same coin
I didn't look at the listing, but from what you describe it was likely a toned Indian that sold for the $2,875. Legend is likely making a poor comparison to entice buyers if the coins are different. A beautiful toned PR66BN is likely worth $3K even today, CAC or not. Are the prices for the same coin?
Yes .. the coin sold was a non CAC .. also yes the coin they list is Toned .. a CAC a pretty coin
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
US Civil War coinage
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I knew it would happen.
I've been waiting for 20 years for AU 1815 bust halves to come down. Somebody let me know when that happens.
Patience .. The Indian Cent I described .. 1893 PR 66 Bn CAC.. a non CAC sold for $2,875 in 2009 ..now is selling for $1,250 , so Legend probably paid about $900..What a haircut , if other collectors holding same coin
I didn't look at the listing, but from what you describe it was likely a toned Indian that sold for the $2,875. Legend is likely making a poor comparison to entice buyers if the coins are different. A beautiful toned PR66BN is likely worth $3K even today, CAC or not. Are the prices for the same coin?
Perhaps Legend could also have written that the last pcgs pr66 RB CAC sold for $2,057 2/15
All three pictures are of the same coin where it is graded pr66+RB, pr67RB, and PR67+ RB
Fun fact as well- check out the 1893 1c pcgs RB on coinfacts.
All three pictures are of the same coin where it is graded pr66+RB, pr67RB, and PR67+ RB
Really? Look at the reverse of the 67, especially at 8 to 9 o'clock---there is crumbling where the denticles meet the field. The images of the other two coins don't show this.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
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"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest of them have to pee on the electric fence for themselves."
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Tom, would you please elaborate.
I think he said quite enough.
Buy gold, have cash and guns, hunker down.
2008 is gonna "catch up" REALLY fast.
Coors, everyone who paid any attention should have known that.
Called, "reckoning time" I believe.
please explain to me what you think the difference in the two is??
I've been waiting for 20 years for AU 1815 bust halves to come down. Somebody let me know when that happens.
Patience .. The Indian Cent I described .. 1893 PR 66 Bn CAC.. a non CAC sold for $2,875 in 2009 ..now is selling for $1,250 , so Legend probably paid about $900..What a haircut , if other collectors holding same coin
I didn't look at the listing, but from what you describe it was likely a toned Indian that sold for the $2,875. Legend is likely making a poor comparison to entice buyers if the coins are different. A beautiful toned PR66BN is likely worth $3K even today, CAC or not. Are the prices for the same coin?
Yes .. the coin sold was a non CAC .. also yes the coin they list is Toned .. a CAC a pretty coin
I sold a common date (1883 - the most common date) PR66BN Indian cent to a dealer at the Long Beach show for over $2500, so there is something you are not telling us, like is the coin ugly?
I got killed by 30% or more on every coin at Goldberg sale, and all but one coin at Heritage, and I didn't see any weakness. What I looked at sold for head-scratching numbers.
This does not surprise me. The best material is still quite strong but the less than best ... look out below! I doubt if many participants in this forum are interested in "dreck".
"Seu cabra da peste,
"Sou Mangueira......."
PR Indians can have big differences in prices. Why would Legend offer one coin for $1250 and reference a coin for twice as much? Sure one is CAC and the one that sold for more was not - that tells me nothing. Vivid toning plays a big part in the price of Proofs, so comparing one against another does not show a weakening of prices nor does it mean the cheaper CAC coin is a good deal. If I owned a PR66BN with bland toning or a spot, you'd be able to buy it cheaper than $1250. If it had great toning, you couldn't touch it under $2500.
Why would Legend offer one coin for $1250 and reference a coin for twice as much?
That is the $1.1M dollar question, isn't it
I've been waiting for 20 years for AU 1815 bust halves to come down. Somebody let me know when that happens.
Patience .. The Indian Cent I described .. 1893 PR 66 Bn CAC.. a non CAC sold for $2,875 in 2009 ..now is selling for $1,250 , so Legend probably paid about $900..What a haircut , if other collectors holding same coin
I didn't look at the listing, but from what you describe it was likely a toned Indian that sold for the $2,875. Legend is likely making a poor comparison to entice buyers if the coins are different. A beautiful toned PR66BN is likely worth $3K even today, CAC or not. Are the prices for the same coin?
Yes .. the coin sold was a non CAC .. also yes the coin they list is Toned .. a CAC a pretty coin
I sold a common date (1883 - the most common date) PR66BN Indian cent to a dealer at the Long Beach show for over $2500, so there is something you are not telling us, like is the coin ugly?
Betcha some forum member scooped it up.. coin is gone from listing LOL .. coin had nice blue/red toning on the obverse.... I don't collect Indians .. but the listing description intrigued me
I've been waiting for 20 years for AU 1815 bust halves to come down. Somebody let me know when that happens.
Patience .. The Indian Cent I described .. 1893 PR 66 Bn CAC.. a non CAC sold for $2,875 in 2009 ..now is selling for $1,250 , so Legend probably paid about $900..What a haircut , if other collectors holding same coin
I didn't look at the listing, but from what you describe it was likely a toned Indian that sold for the $2,875. Legend is likely making a poor comparison to entice buyers if the coins are different. A beautiful toned PR66BN is likely worth $3K even today, CAC or not. Are the prices for the same coin?
Yes .. the coin sold was a non CAC .. also yes the coin they list is Toned .. a CAC a pretty coin
I sold a common date (1883 - the most common date) PR66BN Indian cent to a dealer at the Long Beach show for over $2500, so there is something you are not telling us, like is the coin ugly?
Betcha some forum member scooped it up.. coin is gone from listing LOL .. coin had nice blue/red toning on the obverse.... I don't collect Indians .. but the listing description intrigued me
It can still be seen in the archives on Legend's website.
http://www.legendnumismatics.com/archives/
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
The coin looks nice. Someone got a great deal. The comparison to a 2009 auction was not relevant. They were pointing out that a) they don't trade that often and b) they can go for much more. I don't think they were implying a lower market, but a great deal on the offered coin. The OP should have seen this as that and only that.
Rather strange that excellent dealer like Legend ,would price a coin below market