Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Ever Buy Gold Coins from Legend? Whats your take on Pricing?
>
Reply to Thread
Message:
<p>[QUOTE="rld14, post: 1106683, member: 16133"]Doug summed it up quite well. Also, you have to bear some things in mind with pricier gold coins.</p><p><br /></p><p>First, Legend tends to carry coins that are generally at the very top of their assigned grades. I know a dealer who had about 50 Saints graded, a small hoard of one slightly better date. If memory serves they were 23s, a coin that does take a jump out of the generic pool in 65 and if I recall he made about 10 or 12 65s from the hoard. I remember being told that he showed the 65s to Legend and only one of them worked for Legend. I also remember that Legend paid way over sheet for the one coin, it just missed 66 and was gorgeous.</p><p><br /></p><p>Legend tends to sell PQ coins, and Legend charges a lot for coins because they pay a lot for their coins, if memory serves the coin got a CAC green sticker, and I think at the time bid was $6,000, Legend paid $7500 for it and put it on their website for $8300-8500 or thereabouts. Meanwhile you could buy an average one for $6500-7k. But that's a coin that probably bids around $1800 in 64, $6,000 in 65 and $30,000 in 66.</p><p><br /></p><p>Legend also only retails CACd coins, and CAC really is tough on gold coins, namely because so many of them have been doctored. PCGS is finally starting to get an edge on the doctors but for years a handful of people have been making a very good living by doctoring valuable gold coins and getting them in holders. I can assure you that realizing a Saint that you own has been puttied and is starting to turn isn't a very good feeling, you won't have that worry buying from Legend.[/QUOTE]</p><p><br /></p>
[QUOTE="rld14, post: 1106683, member: 16133"]Doug summed it up quite well. Also, you have to bear some things in mind with pricier gold coins. First, Legend tends to carry coins that are generally at the very top of their assigned grades. I know a dealer who had about 50 Saints graded, a small hoard of one slightly better date. If memory serves they were 23s, a coin that does take a jump out of the generic pool in 65 and if I recall he made about 10 or 12 65s from the hoard. I remember being told that he showed the 65s to Legend and only one of them worked for Legend. I also remember that Legend paid way over sheet for the one coin, it just missed 66 and was gorgeous. Legend tends to sell PQ coins, and Legend charges a lot for coins because they pay a lot for their coins, if memory serves the coin got a CAC green sticker, and I think at the time bid was $6,000, Legend paid $7500 for it and put it on their website for $8300-8500 or thereabouts. Meanwhile you could buy an average one for $6500-7k. But that's a coin that probably bids around $1800 in 64, $6,000 in 65 and $30,000 in 66. Legend also only retails CACd coins, and CAC really is tough on gold coins, namely because so many of them have been doctored. PCGS is finally starting to get an edge on the doctors but for years a handful of people have been making a very good living by doctoring valuable gold coins and getting them in holders. I can assure you that realizing a Saint that you own has been puttied and is starting to turn isn't a very good feeling, you won't have that worry buying from Legend.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Ever Buy Gold Coins from Legend? Whats your take on Pricing?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...