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All Posts Tagged With: "27-D Saint"

Legend Numismatics Market Report: The Fun Show

By Laura Sperber – Legend Numismatics

legend_market_report_logoTHE 2010 FUN SHOW

First, congratulations to the FUN people. Yet again they show that hard work and listening to what we all want can make for a great show. There are only three “MUST ATTEND SHOWS”, FUN, ANA Summer, and of course our own COINFEST. Attendance was as strong as we have ever seen it. The overall activity was healthy too.

LEGEND PAID $1,495,000.00 FOR THE $20 1927-D PCGS MS66!

We had our eyes on this coin since Heritage announced they had it in auction. But a funny thing happened in Decemeber.

Legend is proud to announce in December 2009 it bought and sold the Eliasberg $20 1927-D PCGS MS66. The purchase and sale were by private treaty. The buyer, a real collector happens to be new to coins. The Eliasberg coin is believed to be the FINEST 27-D in MS66.

The reason why we purchased the Heritage coin is 100% proof of what we have been saying. Really wealthy people are trolling for great value. The collector who bought the coin from us did it on our say so. We knew that by placing the Eliasberg coin, there was one less buyer for a 27-D. Thus, we took a “shot” on the coin in the sale and it worked. There is no question we got the “rip” of the auction. 27-D $20’s in MS66 are pretty much a $2 million dollar coin (although this coin is clearly not equal to the Eliasberg coin)! The last time we stalked a big coin like this, was about 4 years ago and we purchased a Ultra High Relief PCGS MS68 for $1.8 million out of a FUN Sale (of which we were immediately offered $2 million). Sometimes people are so confident a coin will bring x, they simply do not follow it.

Legend has now bought and placed THREE MS66 27D $20’s-The Dallas Bank coin (which mirrors the Eliasberg coin), The Eliasberg coin, and the Connecticut State Bank coin (this purchase). We do not think any other dealer comes close to having handled as many.

Also, with this sale, Legend has now placed million dollar coins with SIX DIFFERENT collectors! NO OTHER DEALER (not counting auctions) has come close to that either. Again, its not just bragging, its POWERUL proof as to the strength and more importantly confidence of the participants in today’s market. (more…)