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Who are the Greatest Collectors of All Time?

ZoinsZoins Posts: 34,113 ✭✭✭✭✭
edited April 26, 2019 7:58AM in U.S. Coin Forum

David Tripp considered Virgil Brand the greatest American collector. Agree or disagree?

Who else is in contention?

Here's some info from Tripp comparing Eliasberg to Brand.

https://www.coincollector.org/how-much-did-louis-eliasberg-spend-on-his-collection/

Louis Eliasberg’s cost was the lower figure of $400,000 (which, remember, was an enormous sum of money in those days).

Some of more expensive purchases included: The 1822 Half Eagle 1 of 3 [two of which are in the Smithsonian] cost him 14,000 in 1945 (which was sold in 1982 for $687,500); the unique 1870-S Three Dollar cost him $11,550 in 1946 (also sold in 1982 for $687,500).

But, the single biggest expenditure was in 1942, for the core of his collection: the Clapp Collection in its day was considered virtually complete, and so much of what Eliasberg did after its purchase was upgrade and fill-in. The price was $100,000.

So you can see, $4,000,000 is much too high.

As a frame of reference Virgil Brand, the greatest American coin collector of all time spent about $3,000,000 between 1889 and 1926. His collection comprised 368,000 coins [including 2 Brasher Doubloons; the finest known 1804 Dollar; about 40 1879 Flowing Hair Stellas etc etc …and this doesn’t include the galaxy of Foreign and Ancient Coins]. His collection today would dwarf in value any other collection you could name (at today’s prices probably [well]over a billion dollars).

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Comments

  • BillDugan1959BillDugan1959 Posts: 3,821 ✭✭✭✭✭

    I should add that I know vaguely of great European collections (what little I know was gleaned from Mrs. Stefanelli). Many of those great collections had the advantage of being multi-generational. Even George III of Great Britain was an enthusiastic numismatist.

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    I guess it depends on what ones definition of “greatest” collectors is. We all probably have different measuring sticks.

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭

    @Justacommeman said:
    I guess it depends on what ones definition of “greatest” collectors is. We all probably have different measuring sticks.

    m

    What are yours?

  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭

    @Justacommeman said:

    @Zoins said:

    @Justacommeman said:
    I guess it depends on what ones definition of “greatest” collectors is. We all probably have different measuring sticks.

    m

    What are yours?

    Im not a completist so I lean towards quality over quantity.

    I’m not in the camp that top pop means it’s the best coin. Sometime the best coin is a grade or two lower. Aesthetics over grade.

    I’m kind of into how collections are formed over time

    Extra credit for shrewdness of acquisition.

    Guys like Gardner and Pittman I might have higher on the list then others may

    Brand is a nice pick

    mark

    Good criteria. What makes Gardner stand out for you?

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    edited April 26, 2019 12:52AM

    @Zoins said:

    @Justacommeman said:

    @Zoins said:

    @Justacommeman said:
    I guess it depends on what ones definition of “greatest” collectors is. We all probably have different measuring sticks.

    m

    What are yours?

    Im not a completist so I lean towards quality over quantity.

    I’m not in the camp that top pop means it’s the best coin. Sometime the best coin is a grade or two lower. Aesthetics over grade.

    I’m kind of into how collections are formed over time

    Extra credit for shrewdness of acquisition.

    Guys like Gardner and Pittman I might have higher on the list then others may

    Brand is a nice pick

    mark

    Good criteria. What makes Gardner stand out for you?

    He had a lot of great sets. In general I liked the “look” of his collection. Gardner formed the all­ time greatest collection of Liberty Seated coins. His barber sets were excellent As well as his silver bust coins. Wasn’t too shabby in copper either. He seemed very savvy.

    Also he and Pogue were recently auctioned off so I got to see this first hand while others I just read about. I actually got to view most of the coins.

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • Greatest collectors? :D I think that there aren't the greatest collectors but more greater collectors.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Imelda Marcos had the world's greatest collection of shoes...Over 1000 pair....Does that count? :D:D Cheers, RickO

  • BuffaloIronTailBuffaloIronTail Posts: 7,479 ✭✭✭✭✭

    I vote for CrazyHoundDog.

    ..................and Roger for the title "Collector of Stories".

    Then there's that Eliasberg dude.

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • BillJonesBillJones Posts: 33,921 ✭✭✭✭✭

    To me “great collector” should include a level of knowledge and appreciation what you have. Colonel Green had a big collection, but I’m not sure that he knew that much about what he was buying. From what I’ve read about Brand, he bought coins, put them boxes and never looked at them again. If that’s true, it makes him sound more like an accumulator than a collector.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • BryceMBryceM Posts: 11,792 ✭✭✭✭✭

    The guy who had the most fun doing it, says I.

    Probably some guy in Wisconsin stuffing pocket change into folders.......

  • jmlanzafjmlanzaf Posts: 33,758 ✭✭✭✭✭

    Im not a completist so I lean towards quality over quantity.

    I’m not in the camp that top pop means it’s the best coin. Sometime the best coin is a grade or two lower. Aesthetics over grade.

    I’m kind of into how collections are formed over time

    Extra credit for shrewdness of acquisition.

    Guys like Gardner and Pittman I might have higher on the list then others may

    Brand is a nice pick

    mark

    I'm not sure Pittman gets the credit he should. He had U.S. coins that Eliasberg didn't and a lot of non-U.S. material.

  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    I have always held Pittman in high esteem

  • matt_dacmatt_dac Posts: 961 ✭✭✭✭✭

    I have never really researched the famous numismatists but I'm certainly aware of a few, I'd suggest Eric P Newman for the discussion.

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    How about chuck link today? he goes to just about every show. Is a walking encylopedia on Bust halves, he owns the greatest set ever, he sharees his knowldge

    oh yeah, and that guy Simpson too is one of the greatest ever!!

  • keetskeets Posts: 25,351 ✭✭✭✭✭

    The Norweb Collection.

  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    Mr. Tripp is not an expert on US coins. His expertise is in ancient coins.

  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭

    I think you have to be dead to receive this title.

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭

    @RogerB said:
    Mr. Tripp is not an expert on US coins. His expertise is in ancient coins.

    Is the quote from him above incorrect?

  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭
    edited April 26, 2019 8:03AM

    Here's some commentary on John Jay Pittman.

    https://invest.usgoldbureau.com/news/the-legendary-coin-collection-of-john-jay-pittman/

    Seems like he had:

    • insight - proofs
    • knowledge - trading
    • opportunity - Farouk auction
    • guts - mortgaging his house

    Was he greater than Eliasberg, Garret, and King Farouk as stated?

    At 12,000 auction lots, the collection seems a lot smaller than the Brand collection at 368,000 coins.

    Among legendary coin collectors, the name of John Jay Pittman is quite possibly at the head of the hall- of-fame class. Outside of maybe the Smithsonian or the British Museum’s historical archives, his meticulously assembled collection of rare coinage was without numismatic peer in terms of sheer quality and depth.

    In fact, his collection was of such importance and pedigree that it eclipsed even the most extraordinary modern day collections, including the Eliasberg, the Garret, and the legendary King Farouk collection. This fact is all the more remarkable if one considers that John Jay Pittman, unlike other name collectors, was a man of humble family origins and modest financial means.
    [...]
    In fact, Pittman’s passion for collection coins was completely enthralling and supported by his wife that, in 1954, they mortgaged their home to finance a trip to Egypt where Pittman made some of his most important acquisitions at the auction of King Farouk’s Palace Collection. That decision changed collecting history.

    As a collector of coins from all over the world, Pittman was a thorough and meticulous researcher. Early on, he adopted the strategy of trading his way up the ladder, so to speak. His vast knowledge and grasp of his subject led him to focus on collecting proof coins long before they were really popular among collectors in general.

    From his knowledge of his subject, Pittman knew the long-term importance of the rarity of proof coin total mintages. Such coins were not in great demand when he began collecting them. He also understood that on a per-coin basis, proof coins did not cost a lot money compared to the more populous coins minted for general circulation.
    [...]

    Throughout his life, Pittman made astute purchases and many advantageous trades that vaulted him up the ladder in numismatic prestige. In one such transaction, Pittman traded 20 proof sets he had purchased in 1970 for $13 each in exchange for one single coin: a Bechtler $5 Carolina Gold Rutherford, which later brought $14,300 at auction.
    [...]

    By the time he died, Pittman had assembled a collection so vast that when they divided it into lots for auction, their number totaled more than 12,000. Each coin in the collection had been personally researched, located, and acquired by Pittman himself, piece-by-piece, and set-by-set.

    The auction drew world-famous dealers, collectors, and investors from around the world. One of the highest bids at the auction was for the rare 1833 Half Eagle gold piece that Pittman had mortgaged his home to buy from the King Farouk collection. Pittman had paid $635 for the coin and it sold for $467,500. When he bought it originally, he paid a price that many thought was insane, since it was 20 times the price of the gold content of the coin.

  • santinidollarsantinidollar Posts: 1,056 ✭✭✭✭✭

    Each of us, in our own way, are the “greatest collectors” with the “greatest collection.” Just like those folks with the most well-known collections.

  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    @Zoins said:

    @RogerB said:
    Mr. Tripp is not an expert on US coins. His expertise is in ancient coins.

    Is the quote from him above incorrect?

    The quote is not reliable as a secondary source of information. Others are competent to examine Eliasburg vs Brand, et al. (Other than amassing a bunch of coins, neither contributed anything to improved knowledge of American numismatics.)

  • kbbpllkbbpll Posts: 542 ✭✭✭✭

    It seems like the criteria in the OP quote is how much they spent. I don't personally think that how much money you can throw at something defines "greatness". Off the top of my head I would pick Eric P. Newman, for using his collection to leave a lasting legacy of education and research.

  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭

    @RogerB said:

    @Zoins said:

    @RogerB said:
    Mr. Tripp is not an expert on US coins. His expertise is in ancient coins.

    Is the quote from him above incorrect?

    The quote is not reliable as a secondary source of information. Others are competent to examine Eliasburg vs Brand, et al. (Other than amassing a bunch of coins, neither contributed anything to improved knowledge of American numismatics.)

    But is it known to be incorrect?

  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭

    @santinidollar said:
    Each of us, in our own way, are the “greatest collectors” with the “greatest collection.” Just like those folks with the most well-known collections.

    Well, I’m not sure I would include those buying modern counterfeits....

  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    The OP can decide. I have learned that anything Mr. Tripp says about US coins must be verified.

  • carabonnaircarabonnair Posts: 1,415 ✭✭✭✭✭

    Before I read the OP, just seeing the title, I thought "it's gotta be Brand."
    I think Jules Reiver deserves a mention because his collection was pioneering in the way it included all the different die marriages he could get. I also like that he had quite a few well-circulated coins.

  • MilesWaitsMilesWaits Posts: 5,337 ✭✭✭✭✭

    Me. For focusing on Bullion only.
    My tribe always has openings.

    Now riding the swell in PM's and surf.
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭

    No mention of Garrett yet?

    Parmalee had a great collection. Atwater too

  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭
    edited April 26, 2019 9:23AM

    @tradedollarnut said:
    No mention of Garrett yet?

    Garrett was mentioned but in the context of Pittman being greater. Agree or disagree?

  • AlexinPAAlexinPA Posts: 1,458 ✭✭✭✭✭
    edited April 26, 2019 9:22AM

    I think the greatest American collector has been, and is, the Smithsonian.

  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    One might consider a "great collection" from the aspect of what knowledge did the owner gain and disseminate to numismatists from the collection. In this context, Brand's volume of coins cannot stand up to Reiver's, Overton's, or several others.

  • yspsalesyspsales Posts: 2,299 ✭✭✭✭✭
    edited April 26, 2019 11:23AM

    Honorable mention... Dr French and his Large Cent collection, as well as an extensive stamp and art collection.

    Sold to B Max Mehl circa 1929

    BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out

  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭

    @RogerB said:
    One might consider a "great collection" from the aspect of what knowledge did the owner gain and disseminate to numismatists from the collection. In this context, Brand's volume of coins cannot stand up to Reiver's, Overton's, or several others.

    Nah, that’s the auction company’s job. A great collection stands on its own

  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    anyone whose name is on this thread and is no longer with us did something right if we are still talking about their collection long after they are gone.

  • BoosibriBoosibri Posts: 12,101 ✭✭✭✭✭

    1st: The People of the US via the Smithsonian

    2nd: Garrett

  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭
    edited April 26, 2019 12:00PM

    The lasting value of a collection is in the knowledge that is gained from it either by an owner's careful research, or its use as a lever to improve what we think we know.

    Monetary value, completeness, storage space or personal ego satisfaction are ephemeral and vanish when the accumulation is dispersed.

    That collectors remember names of a few large collection owners tells us nothing useful - unless we think lists of owners of things merit the time. Brand's collection is long gone - its only value is in contents of his notebooks.

  • MeltdownMeltdown Posts: 8,774 ✭✭✭✭✭

    Possibly myself... nobody knows that but me though. B)

  • WalkerfanWalkerfan Posts: 9,278 ✭✭✭✭✭
    edited April 26, 2019 4:13PM

    For me:

    Gerald Forsythe who is hands down finest Walker collector who ever lived.

    Also, James Bennett Pryor, Eric Lane, Gene Holland, Bob Marino and Ann Kate Collection and Ally collection were all great Walker collectors.

    In general:

    Louis Eliasberg, Bass, Pittman, Eric Newman and Colonel Greene.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • spacehaydukespacehayduke Posts: 5,709 ✭✭✭✭✭
    edited April 27, 2019 3:56AM

    Having large amounts of money does not make someone a best collector IMO. There is always a tendency for folks to state just that - dude has money, dude spends it for the best coins because dude can afford them, therefore dude is the best. Just because someone has the resources to buy a $10 million coin does not mean they are the best dude. To me, someone who can be patient enough to find great moderately inexpensive coins in XF in a series to put together a set over a decade or 3, is as much of a best collector as are the rich folks.

    With that in mind, a collector like Steve Crain comes out to me as one of the best ever, spectacular set of half dimes collected on a life long journey where many of his hd's today can be had for $100. But oh are they spectacular $100 coins that tell an amazing story and provide crucial jumps in knowledge in the half dime field. Now thaz a collector.

    Just sayin'............

    Best, SH

    My online coin store - https://www.desertmoonnm.com/
  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭

    @tradedollarnut @Boosibri

    What made Garrett so great for you both?

  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭

    The coins that I’ve seen from the collection are in outstanding condition and the breadth of the collection was extensive

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    I am ashamed for forgetting Gerry Forsythe. He is by far the King in all the series he has MULTIPLE collections in. I'd guesstimate at one point his coin collection was worth over $50,000,000.00! His drive is to be #1 in any series he is collecting.

    He will be displaying his incredible Liberty Nickel set -with the 5C 1913 PCGS PR66 CAC at the PCGS table at the ANA Show. We are proud to say PCGS made special holders for him that I believe will be available to the public after ANA. I helped him get his sets regraded and pedigreed last month. I did not like the other substandard sets with + creeping near him on the stupid registry. His coins have been off the market 20+ years when you could buy really nice coins! And yes, he is still buying today.

  • spacehaydukespacehayduke Posts: 5,709 ✭✭✭✭✭

    @tradedollarnut said:
    The coins that I’ve seen from the collection are in outstanding condition and the breadth of the collection was extensive

    "I am ashamed for forgetting Gerry Forsythe. He is by far the King in all the series he has MULTIPLE collections in. I'd guesstimate at one point his coin collection was worth over $50,000,000.00! His drive is to be #1 in any series he is collecting."

    Yup rich dudes who could afford the best........... So what?

    Seems too many equate best collector with monetary value.

    Just sayin'

    Best, SH

    My online coin store - https://www.desertmoonnm.com/
  • LuxorLuxor Posts: 464 ✭✭✭✭✭

    Would definitely put Virgil Brand in a top spot, also Garrett, Parmalee, Mickley, and and maybe Farouk.

    Your hobby is supposed to be your therapy, not the reason you need it.

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