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What Does Belzberg Mean?

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 Posted 01/05/2015  01:42 am  Show Profile   Bookmark this reply Add 47P7 to your friends list
Well Pacific, I got 1 to 6!
Well said, even though I am not familiar with some of the US and British stuff u mentioned.
But maybe a Article or research papers (7 + 8), are not all that important for a true collector. Most simply are not
"up" to do that.
I prefer to let the "smart and intelligent" educated numismatists do that.
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 Posted 01/05/2015  01:43 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list

Quote:
AND, who can say with absolute certainty that such a coin is really what the cover says? Way back, I assume, it could have been relatively easy to "make a deal" with a TPG for mass grading.



Quote:
I did NOT argue! obviously you did not get or understand the example / comparism I used ! this is not about a better grader. It is about the coins were graded when the TPG's attitude toward Canadian coins were 2-4 grades OUT !!


Actually, I think you are missing the point of this entire thread... prior to your post, who said anything about TPG coins?

This is about pedigree or provenance - who owned the coin previously. Simple as that.

As I stated, it is the why, and not the what, when it comes to the sentimental side of collecting. So yes, I bought Pittman's VIP specimen set (in PCGS holders) but it also came with the original case of issue. I have better specimen strikes from that year, but I wanted Pittman's set. Simple as that.

I'll give you another example. I paid a strong price for a coin that was originally purchased from Spink in London at the Remick sale - the coin was raw when it was purchased, it is now in a PCGS holder, but does not have any pedigree written on the certificate - nonetheless, I wanted it badly. Why did I do this? I feel, in a former life, I probably would have had a strong connection to Remick. We were both geologists, both numismatists and both love to write about coins. I even won a Geological Association of Canada (whom Remick donated the sale of his coins to) Remick Poster award once as a young graduate student... so when I had the chance to buy a ex-Remick NFLD 1880 Oval 0 (and the paperwork exists to prove it), the grade and TPG holder was irrelevant... I was buying Remick's coin... I could have bought J&M's PCGS AU-53 Oval 0 that they currently have for sale... did I pay too much, maybe, but who cares... I think it is pretty darn cool, to hold Remick's coin in my hand...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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 Posted 01/05/2015  01:49 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
Roger totally agree with what you said! I was fortunate to get two of the Edward VII halves from the Remick sale and sent them in to ICCS and subsequently resold them to a want list. However I kept the sale tags in the 2 1/2 X2 1/2 flips and they are now in Remick's old hardcover book as bookmarks! Neat thing is the book is autographed by Remick presented to Ron Greene! Pedigree for sure , sentimental you bet, treasured...............priceless!
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 Posted 01/05/2015  01:52 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
@47P7 excellent job! You are right about 7 and 8 being somewhat challenging, although your club contributions and photography have to account for a partial here as well !
Edited by Pacificoin
01/05/2015 02:08 am
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 Posted 01/05/2015  05:21 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list
Pacific: I agree with you in bringing thread-readers back to the facts and down to reality. I, along with 2-3 others that I know on this site, have completed 1-9 and know where you are coming from. I think that there are a number of folks on here that are missing the mark a little on provenance, as well as holder or TPG significance. The people mentioned who formed these tremendously important collections didn't do so in the way that some people may be leaning. Belzberg, for example, had no dollar limit on what he would pay for the "finest" or "close to finest" specific coin regardless what it was. People in this stratosphere don't buy their coins from annual auctions or ebay. They come from private collections world-wide that haven't surfaced for 10, 20 or 50 years, but the top .0001% of collectors know exactly where that coin(or coins)is, as well as what it looks like, what it's been graded, and how it stacks up against the "finest known". The same way that we peons pass around our private holdings at "show and tell" over a few beers during or after Torex or Expo or Nuphilex or NY or FUN, these guys do so in private jets and personal visits around the world just to handle and see things that us commoners don't.

I know collectors here that have tracked a single coin for 10, 20, 30 years that hasn't seen the light of day in an auction or show, yet know that it has changed hands 2 or 3 times during that same period. The provenances that are being refered to here isn't about whose name is on the TPG holder now, but the pedigree and history it had for the decades before and known as the 1st or 2nd finest known for years. All this by extremely knowledgeable collectors with unlimited wallets and with the assistance of top-escelon "finders" who keep their eyes open and ears to the ground. There is 0% chance that any coin coming on the market now, supposedly unknown, could even approach one of these "private collection" coins that are the point of this thread. Likewise, no one in their right mind would ever send one of these coins to ICCS (God forbid)for grading, or to any other current TPG through anything nearing normal channels. Even disregarding "grading creep" where a current 66 would have been lucky to get a 63 20 years ago, many coins in these collections are viewed and graded by different eyes than those available to Joe Shmo public and have been for decades in various countries. These coins have been photo'd, scanned and fingerprinted so that every single anomaly is documented and recorded. There are no "copies" or fakes possible with these coins, nor "changing holders".

Is every single coin that was sold in these auctions (Pitman, Belzberg, etc) have the history and pedigree behind it that I allude to? - no, but most or many do. If the coin was important enough to have an "ex-xxx" notation on the holder, then it's important enough to own in a collection, knowing that the coin has been viewed by many many expert eyes and graders long before you got your hands on it. Is it worth the extra bucks just to have 1 or 2 of these in your collection? - who knows, but I know that I don't have the money to do that, nor do many others. I also know that I don't care about who owned it before. I only care about that it is what it is .. the coin in the holder or coin in the raw.
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 Posted 01/05/2015  11:49 am  Show Profile   Bookmark this reply Add tfred to your friends list
Slightly off topic but still relevant to provenience and historical significance, do you think the Langdon hoard is large enough or significant enough to have a notation on the holder? Other countries have had their significant finds like the GSA and Redfield hoards. Will the Lagndon hoard have a following?
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 Posted 01/05/2015  11:57 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list
I doubt it... if Chuck Moore really wanted to promote it (and not sell it quickly) then he could have probably done that with PCGS, NGC or even ICCS... I don't think the Canadiana collection was pedigreed. I do think it would be cool to see the "Perth Collection" someday, when that collector decides to sell his stuff...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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 Posted 01/05/2015  12:05 pm  Show Profile   Bookmark this reply Add glenzy1 to your friends list
I find it's a pleasurable part of Collecting when one can acquire a coin that once belonged to a Famous collector and was part of one of the World's Finest Collection. Belzberg & Pittman are two of the most popular names that collectors like to acquire a pedigree from.
What happens when a $500.00 guitar is owned and played by Jimmy Hendrix? The guitar now sells at auction for $1,000,000. All because of the pedigree, the thrill of owning something from an Icon in History!

Glenn
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 Posted 01/05/2015  12:07 pm  Show Profile   Bookmark this reply Add 47P7 to your friends list
SPP and others:
the indirect reference to a TPG was in the OP first post. Am I wrong saying that the only way one will know what the coin is (pedigree etc), is because the description on the slab it is housed in does actually say so?
Or, would you or anyone, be able to tell by just simply examining a raw coin, lets say a "newly found", authentic, 1936 raw DOT cent?
personally I do not think so.
Here is another question: does anyone know who initiated labeling the slabs with owners names? was it a owner or did a TPG start it?
To me it boils down to this: If one wants to pay the money just for a name.. go for it!
I guess it is just like in the fashion industry. The label is important and is worth money to those who want to be seen and recognized as being able to afford it.

This topic could go on for a long time. we can dissect it and reassemble it.
Most Opinions will differ and possibly all have their own merit.
at the end it boils down to two very personal choices:

1 do I want, for whatever personal reasons, own such a coin?
2 Is that recognition worth the extra Dollars for me to pay?
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 Posted 01/05/2015  12:18 pm  Show Profile   Bookmark this reply Add 47P7 to your friends list
Glenn, that guitar is a ONE of a Kind, made for that artist!
there are not hundreds or thousands or more like it!
and such items are usually purchased with the anticipation of considerable financial gain when re-selling.
as said before, there are only a very few collectors who can easily afford and would never consider selling it.
For most normal people it is probably not realistic.
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 Posted 01/05/2015  10:01 pm  Show Profile   Bookmark this reply Add DEVLEC to your friends list
Have to agree with Pacificoin and SPP on their comments here.


A knowledgeable cent collector brought some offered coins to my attention.

There was a partial collection of ~100 Jack Griffin cents that were out there ...and they needed a better home.

I felt that they should stay together and each had Jack's wonderful multi-details handwritten descriptive notes all over each 2 x 2. Exactly the same cents that we see throughout his books and with the same comments.

I jumped at the chance to have a little bit of history kept together ..and hopefully for everyone's viewing down the road..

I feel that these 2 x 2's are every bit as important as the actual cents in them.. and together they make the perfect pairing..

On certain buys, the provenance can be the deal maker ...and on others it's the coin itself..

.

.

.
Edited by DEVLEC
01/06/2015 09:48 am
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 Posted 01/06/2015  10:29 am  Show Profile   Bookmark this reply Add Everest to your friends list
Denco 7: I like how you are thinking. I am enjoying every ones take on
pedigree/provenance.I purchased coins out of the Norweb and Belzberg
sales and was very happy to do so. IMO top pop coins with solid
pedigrees bring very solid prices when the time comes to sell.
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2543 Posts
 Posted 01/06/2015  10:49 am  Show Profile   Bookmark this reply Add denco7 to your friends list
As a hobbyist, flipper, investor, you want the best coin for the money. But as a true collector of anything , and I have heard this a thousand times on Antique Roadshow, provenance means everything.

And my mantra is " Buy the coin not the holder " , my only contention was that buying a coin with provenance was the epitome of buying the coin not the holder. Regardless of the TPG, regardless of the grade, regardless of what RedBook says the coin itself is worth, THAT coin was part of one of the finest collections in the country. While other people can only fantasize the lives of their coins, provenance gives you the knowledge of exactly where your coin has been for the last ? years.

To me, anyway, that is buying the coin not the holder.

EDIT: Just reread my post, I am NOT saying that people who don't care about provenance are not true coin collectors, so don't flame me. But provenance is an extremely important part of many...many other types of collecting.
Edited by denco7
01/06/2015 10:53 am
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 Posted 01/06/2015  12:20 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list
This is a thought-provoking discussion and thanks for the variety of perspectives. @macdon, since you didn't know what Belzberg meant, I'm curious whether you purchased these coins or perhaps inherited them? Obviously the Belzberg attribution had no significance to you prior to starting this thread.

Here's part of what wikipedia says regarding "provenance":

Quote:
The primary purpose of tracing the provenance of an object or entity is normally to provide contextual and circumstantial evidence for its original production or discovery, by establishing, as far as practicable, its later history, especially the sequences of its formal ownership, custody, and places of storage. The practice has a particular value in helping authenticate objects. Comparative techniques, expert opinions, and the results of scientific tests may also be used to these ends, but establishing provenance is essentially a matter of documentation.


To me, the value of provenance is a spectrum from high to low. "Value" can be strictly monetary, or mostly knowledge. In archaeology, provenance (and its related term "provenience") is critically important. An artifact is virtually meaningless without the context of discovery. In art, provenance primarily proves that it's genuine, who painted it and when, and demonstrates whether it had ever been looted or stolen. For a coin though, what value does provenance really give us? Once proven genuine, we know pretty much everything we need to know. Sure, there are questions about how certain coins ever got out of the mint, but what else is there? Yes, certain one of a kind coins have tremendous allure because of who owned them, but for every one of those there are hundreds of relatively average coins only distinguished by having Pittman or Belzberg etc as previous owners. Those coins may have also traded hands numerous times after being designated, so where is the value in a single attribution? I like the comparison to a Jimi Hendrix guitar. Or perhaps let's say a set of golf clubs - Arnold Palmer owned this set of clubs, played the Master with them in 19xx - valuable! This other set of golf clubs was owned by Warren Buffet - more or less valuable? There's nothing particularly unique about the fact that a phenomenally wealthy person previously owned something relatively common. That person didn't do anything with that specific object that was inherently part of their "fame". I feel the same about coins.

Related to the question/point others have raised, how do TPGs (or any collector, for that matter) determine what provenance is meaningful? My most valuable George VI coins came directly from my grandfather, and have clear provenance to 1949. If the value is in the clear line of ownership and authenticity, how do I get a TPG to recognize that? It's a bit of a conundrum, isn't it?
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Canada
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 Posted 01/06/2015  4:15 pm  Show Profile   Bookmark this reply Add macdon to your friends list
Thanks for the education on this topic. I had Pittman and Norweb coins a few years ago and unfortunately sold them without knowing the history. Belzberg was purchased at auction, I can't recall if it was HA or other site.
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