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Famous "Named Coins" Speculation

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howell1018's Avatar
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719 Posts
 Posted 06/19/2014  4:47 pm Show Profile   Bookmark this topic Add howell1018 to your friends list Get a Link to this Message Number of Subscribers
I'm reading the 6/23/14 issue of Coin World and specifically the front page article on the 1804 Garrett dollar that's coming up for sale on Aug 8th. My warped mind get to thinking and I'm wondering, "how does a specific ultra-rare coin get attributed to a certain person, even if that person hasn't owned the coin in decades?" If someone else more famous/notorious subsequently purchases the coin does it become that persons coin? I know many will not like this scenario, but to illustrate, just for the sake of argument, let's say that on August 8th Kim Kardashian buys the 1804 Garrett dollar. Does it then become the Kardashian 1804 dollar? I would think so because the reason for naming a coin would seem to be to make it discernible from other similar coins. At this point in time, surely Kim is more well known than Garrett within and certainly outside of the coin collecting world. Fire away.
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commems's Avatar
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12263 Posts
 Posted 06/19/2014  7:50 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
Many famous "named" coins (i.e., coins with a pedigree) got their name from the first/most well-known numismatist who owned it. When such coins passed on to other prominent collectors, the new names have often been added to the pedigree list rather than replacing the original name assigned.

For example, the "Stickney" 1804 dollar is a famous pedigreed coin. After it became part of the Eliasberg collection, it was often referred to as the "Stickney-Eliasberg" 1804 dollar.




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howell1018's Avatar
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 Posted 06/19/2014  9:07 pm  Show Profile   Bookmark this reply Add howell1018 to your friends list Get a Link to this Reply
So Stickney-Eliasberg-Kardashian?
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commems's Avatar
United States
12263 Posts
 Posted 06/19/2014  9:43 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
So Stickney-Eliasberg-Kardashian?

Somehow, I don't see that as a name that would stick with collectors!


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Sap's Avatar
Australia
16816 Posts
 Posted 06/20/2014  02:43 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
When it comes to how a well-provenanced coin is named, I think the famousness of the people concerned is a major factor. There's also which person has the most interesting story to add to the provenance. The King Farouk 1933 double-eagle, for example, will always be "the Farouk coin" - especially since in that case Farouk himself was entirely responsible for the coin surviving the Great Melt.
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Canada
51 Posts
 Posted 06/20/2014  11:54 am  Show Profile   Bookmark this reply Add zeil to your friends list Get a Link to this Reply
Yeah, it's like a brand name for the coin I guess. I just don't understand when people are paying substantial premium for those coins just because it has a "famous" name. Would never do that!
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