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 Replies: 21 / Views: 2,760 |
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Rest in Peace
United States
17900 Posts |
While I generally agree with you 99% of the time Kaanga, on this subject the quote you offer is only true with specifications.
Buy the coin, not the slab - is only true if you are proficient in the evaluation of both the technical grade and the elements that establish general agreement of the factors on eye appeal.
Without the ability to evaluate those two separate efficiencies the technical grade of NGC and PCGS will be better than any other offered opinion.
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CCF Advertiser
United States
1533 Posts |
I would never pay extra, but have tried to maintain pedigree whenever I have it. I have a Teich Family Collection coin. I crossed it over to NGC to get a new holder and asked them to keep the pedigree. They did and gave me a cameo designation for free that wasn't there before. When a well known numismatist is a specialist in something, there may be a bit of a cachet associated with the pedigree. Large Cents from the Newman collection are likely to be amongst the best examples of each variety available. I suppose you can get that from pop reports, but "it was good enough for Eric Newman" will mean more to a lot of people than a CAC sticker.
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Valued Member
United States
295 Posts |
I personally would not, as I could care less who previously owned it. Though I'm sure some people would pay more.
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Bedrock of the Community
United States
11951 Posts |
I would pay more .... not a lot more ....
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Moderator
 United States
15521 Posts |
Great reply from moxking ... and I concur. Quote:
Buy the coin, not the slab - is only true if you are proficient in the evaluation of both the technical grade and the elements that establish general agreement of the factors on eye appeal. That statement is a universal call for collector education ... and the reason for the CCF sharing of knowledge. |
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Pillar of the Community
United States
3540 Posts |
Depends on who the person or collection was?
Many "pedigree" labels are simply, to hype/sell coins....nothing more, nothing less.
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Rest in Peace
United States
10625 Posts |
Pedigree only applies to coins that were once owned by a famous collector. Hoard coins need not apply.
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Bedrock of the Community
United States
17884 Posts |
Yes I do. To me one facet of numismatics is history and a coin with a "pedigree" has an additional history over that of just a a generic run of the mill coin. And there is also that distinct linkage between collectors and collections over the years. I like the fact that a few of my coins have been included in the collections of major collectors tracing their way from set to set and finally through my hands. You could kind of think of it like being CAC approved, only having been personally approved by the major collectors that came before.
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Bedrock of the Community
United States
12057 Posts |
Provenance is an important part of a coin's numismatic history. When you buy coins with certain pedigrees, whether classic (Pogue, Eliasberg, Newcomb, Naftzger, Carter, Green, Rasmussen, Brand, Newman...) or more recent (Duckor, Simpson, McClure, Twin Leaf, Holmes, Boka...) you are not only getting to own a historical item, you become the next "caretaker" in the line of numismatic greats that kept the coin before you. Many of those I mentioned are famous for high quality, exceptional eye appeal, extreme scarcity, or combinations thereof. It is important to draw a distinction here -- you can buy coins from collections and hoards, both modern and ancient, that are not technically "pedigrees." This ranges from GSA Morgans & Peace dollars, Redfield hoard coins, Binion hoard coins, etc. and others like Omaha, Continental, Big Sky, Great Western, Saddle Ridge and Wells Fargo, from the Treasury vaults like the Olathe hoard and the modern US Mint Vault commemoratives, and auction houses like Stack's. In many cases, these sort of hoards contain a wide variety of coins, instead of the narrow focus on one particular series seen with some famous pedigrees. The risk here is in recognizing that these hoards may or may not have been put together with any particular goal in mind, meaning that quality and content can vary widely. The TPG's have also decided to capitalize on pedigrees and provenance by creating lots of special "collection" labels. That can diminish the overall value of a pedigree in general by oversaturation. As with any coin, I always recommend that you buy the coin, not the slab (or the pedigree), but generally speaking, I will pay more for coins with a solid pedigree and a long provenance/numismatic history than I will for an identical coin lacking such a history. Auction sales widely support the premium value of a deep and well-researched provenance or famous-name pedigree. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Edited by paralyse
01/11/2018 9:09 pm
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Pillar of the Community
United States
1261 Posts |
I have a Reiver Half Dollar too! Regarding pedigree, I have purchased a couple coins from the Newman or Col. Green collection at a premium but they were perfectly original, choice coins and I don't regret getting them. They also came with manila envelope with their handwriting on them that I consider a bonus.
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Pillar of the Community
United States
3327 Posts |
So all of the naysayers wouldn't pony up a little more if that XF Franklin came from the Old Man's Hoard? Come on!
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Rest in Peace
United States
17900 Posts |
I'm thinking I need an Ike from the JBuck collection  |
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Pillar of the Community
United States
3327 Posts |
Quote:
. I'm thinking I need an Ike from the JBuck collection Heeyyyyy! Mox is onto something! Can we get labels printed? I'd buy that "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Valued Member
United States
114 Posts |
I have a couple notes with a pedigree, but that wasn't a factor for me. Actually I did get a Hawaiian silver certificate from the collection of a Japanese American who was in an internment camp, which adds historical value. But generally, the fact that a coin or something was owned by a famous collector doesn't in itself add any value for me.
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Pillar of the Community
Canada
586 Posts |
Who appoints a person a famous collector. How does one become considered prestigious enough to get such a honor. Is it self appointed, does your collection have to surpass a certain value. Do I have to become a CCF big supporter. |
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Posted 01/10/2018 4:53 pm
