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 Replies: 34 / Views: 7,070 |
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Valued Member
Canada
495 Posts |
I have a few coins in slabs that have Belzberg on them and was wondering what does this mean?
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Pillar of the Community
 Canada
5585 Posts |
It refers to Sid Belzberg who sold his Canadian collection about 10 years ago. At the time, it may have been one of most expensive and extensive collections ever sold with a number of them being the highest ever graded. Just think Pitman and you are on the right track. Don't get rid of them!
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Pillar of the Community
Canada
5585 Posts |
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Bedrock of the Community
Canada
10743 Posts |
Wow!!, just read the article and his 1921 .50 cents in mint condition ONLY sold for $78,200..  Edited by SHAFTA9a
01/04/2015 09:01 am
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Pillar of the Community
Canada
1823 Posts |
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The lowest successful bid was for a 1947 penny, at $24.15. This is about what I could only afford in his collection. Would love to have been at that auction. |
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Pillar of the Community
Canada
1118 Posts |
I have to ask, if someone of numismatic important was selling a $200 coin would you guys be willing to pay a mark up for the provenance? How high of a percentage?
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Moderator
 Canada
10456 Posts |
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I have to ask, if someone of numismatic important was selling a $200 coin would you guys be willing to pay a mark up for the provenance? Depends on the coin, and the context within my collection. For a registry set, the answer is no, I want the best coin I can afford, regardless of provenance. For other aspects of my collection, the answer might be yes. For example, I was born in 1970 - so I have various pieces in my collection from that year, including several VIP specimen sets. When Pittman's 1970 PCGS VIP specimen set came up for sale - I paid a heavy premium for it...  "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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
1505 Posts |
Definitey NOT!remember the very wise saying:
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Buy the coin, NOT the holder.
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. Perhaps all or some of these (provenance) people just made money with it? just thinking aloud... 
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Pillar of the Community
United States
2543 Posts |
Quote:Definitey NOT! remember the very wise saying: Quote:
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Buy the coin, NOT the holder. I would say that buying provenance is the epitome of buying the coin, not the holder.  |
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Pillar of the Community
Canada
1051 Posts |
Pedigree on it's own means very little to me, but it's nice to know the coin was good enough to make it into a fabled collection. Pittman (to me) was the idyllic collector. Where some collectors just have the bankroll to amass incredible collections, he seemed to focus on the quality of individual items, and generally his stuff was of exceptional quality.
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Pillar of the Community
Canada
1505 Posts |
Denco
so now you buy such a coin and pay the premium, believing that it is the ultimate MS65 or 66
And by chance at your LD or an auction, you see one other, same coin, same year, same color, but graded by ICCS at MS 65 or 66. then you look at both coins under a Microscope.
and, to your utmost dislike you find some Issues with your PCGS coin, and, you find that the ICCS graded coin is a considerable better coin!
and please whatever argument you might have, IT has happened!
when these premium coins were graded, PCGS and other US TPGs did not grade Canadian coins as they should have done!
AGAIN..... BUY THE COIN!!!!
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Pillar of the Community
United States
2543 Posts |
I was talking about provenace , when exactly did we start "arguing" about which was the better grading company ? |
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Pillar of the Community
Canada
5394 Posts |
Agree with Denco7 somewhat on this one. Provenance can be very important on an historical and very rare piece, for example take the finest known 1794 USA Silver Dollar worth millions. Or the Coins that came from Eliasberg, Garrett, or Norweb. Provenance can contribute to value. Numismatics is the study of coins and related items that pertain to them. As such the history or provenance is part of that study.
As to what 47P7 stated "buy the coin and not the holder" yes and the best way to stay out of trouble. There are as an example MANY 1936 Canada Small cents out there that are in Pittman Holders ICCS and PCGS. Would I for one pay more for one than an non-provenance piece ? No I would not . Would I ever pay more for a coin with provenance from past great collections? I have and would again.
Edited by Pacificoin
01/04/2015 11:14 pm
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Pillar of the Community
United States
4233 Posts |
Frankly I don't understand the fascination with this kind of attribution. Who cares? It's not in Belzberg's collection anymore, is it? It's in Joe Blow's collection now! Granted, some of these coins have a fascinating story as a direct result of being in their collection, and that adds to the perceived value. Like the 1936 Dot stolen and scratched by the thief. And I fully appreciate that a lot of other collectors find some additional value in the fact that it was sitting in some famous collector's coin drawer for however many years, but I'm with 47P7 on this one I guess. Belzberg, Pittman, whoever, they didn't wave their magic wand and somehow make it a better coin.
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Forum Kid
Canada
1074 Posts |
Interesting! very cool, I did not know any of this! thanks for the article!
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Pillar of the Community
Canada
535 Posts |
I look at it the same as some others do. Who cares who owned it. I never heard of whatshisname or for that matter any of the other names mentioned. I care about the coin and would never pay any extra because who once may had it in their possession. Why is a persons name on the slab. How come John Q. Public does not get his name on a coin he submits for grading?
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Replies: 34 / Views: 7,070 |
Posted 01/04/2015 06:08 am
