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Ever Buy Gold Coins from Legend? Whats your take on Pricing?
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<p>[QUOTE="Player11, post: 1106532, member: 26725"]Yes I agree they have quality material and on the rare stuff markups above Bid may be high. They operate in an esoteric high end area that takes a lot of pocket and pricing can be pressed up into the stratosphere from auction frenzy.</p><p> </p><p>However, lets look what the CDN says on the 1910-S: CDN Bid for a 1910-S MS 64 $5 Indian is $17,500. MS 65 Bid is $36,000. Is the CDN flawed on this one or is the coin grossly overpriced? Someone is going to pay more than double of bid because its Legends Coin? That buyer will be the end user for sure but if its some guy so loaded he just needs that for his set, perhaps so. </p><p> </p><p>An asking price above MS 65 Bid on an MS 64 coin is a red flag IMO.</p><p> </p><p>On average, most of the industry prices their material around 35-40% above bid (based on extensive analysis I have performed). During the summer months certified coins I tracked on Ebay were only bringing 92% of CDN Bid on average. It was a great time to buy. It will be interesting to see if their HailMary on the 1910-S MS 64 Five Indian finds an open receiver.[/QUOTE]</p><p><br /></p>
[QUOTE="Player11, post: 1106532, member: 26725"]Yes I agree they have quality material and on the rare stuff markups above Bid may be high. They operate in an esoteric high end area that takes a lot of pocket and pricing can be pressed up into the stratosphere from auction frenzy. However, lets look what the CDN says on the 1910-S: CDN Bid for a 1910-S MS 64 $5 Indian is $17,500. MS 65 Bid is $36,000. Is the CDN flawed on this one or is the coin grossly overpriced? Someone is going to pay more than double of bid because its Legends Coin? That buyer will be the end user for sure but if its some guy so loaded he just needs that for his set, perhaps so. An asking price above MS 65 Bid on an MS 64 coin is a red flag IMO. On average, most of the industry prices their material around 35-40% above bid (based on extensive analysis I have performed). During the summer months certified coins I tracked on Ebay were only bringing 92% of CDN Bid on average. It was a great time to buy. It will be interesting to see if their HailMary on the 1910-S MS 64 Five Indian finds an open receiver.[/QUOTE]
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