Pros and Cons of Pedigreeing???

dpoole

OK. I've been wondering about this from the outset of the Registry business, and I even pedigreed my Washington and Franklin sets (before they fell outta the top five), more or less for the heck of it, and I suppose just because I COULD.

Now that we've all had awhile to think this over and experience a few sets cycling through the Registry, where are you all about pedigreeing sets?

Do you have any conclusions now about the advantages/disadvantages of pedigreeing, or was my initial reason still the best reason?

goose3

I think it's a "pro" if you intend on keeping the set and keeping it fully intact possibly to pass on or give to a friend or family member.

I think it's a "con" when you decide to sell one or all of the coins. People that sell their pedigreed coins would be better off, IMO, to have them reholdered without the name. I don't think someone would want one of my FE's with GUISINGER labelled on it.

I had mine done because I intend on keeping the set intact and now concentrating on assembling a set of the clashed dies of 1857 and maybe some FE errors.

Mine will go to my son someday.

khayse

ATTENTION REGISTRY FORUM MEMBERS, THERE ARE NO CONS TO A PEDIGREE!
If you don't like it pay the $5 to reholder it. How can the con be more than $5 worth?
If you don't like it and you're smart, ignore it.

I am completely baffled at how this issue keeps coming up and people keep thinking
there is some huge con to having a pedigree on their coin.

-KHayse
ps Note to self, there are some crazy people in the world so when you go to sell
one of your pedigreed coins, don't include the pedigree info in the picture on ebay.

itsnotjustme

I see far more pros than cons...

Pro
- Pride in one's collection. (Not vanity)
- Heritage of where a coin has been. I especially like when I was the original submitter of a coin that gets my name on it.
- Family linkage. I expect most of my pedigreed coins to be passed to my kids when I die.
- Sense of completeness/belonging to a set.
- Fresh clean same style holders.


Con
- If selling, and you are not famous, someone may not want your name on it.
- Nothing special sets...I can go buy a set of PR69DCAM State Quarters, and be tied for #4... big whoop.

RELLA

Personally, I think that any time one can pedigree a set one should...very cool to be able to do this (that's my collector side talking). On the other side of the coin, I'm actually the new owner of a coin in con#1 that Brian mentions...I have a coin in a pedigreed holder where I could care less and would actually prefer that the name not be present. To make it even nicer...the coin cannot be cracked and resubmitted raw as it would never save by the grace of God make it back into a PCGS holder at the same grade.

RELLA

itsnotjustme

But you should be able to have it re-holdered with the pedigree removed, right?

khayse

>But you should be able to have it re-holdered with the pedigree removed, right?

Yep, for a $5 reholdering fee anyone can get rid of that unsightly pedigree.

-KHayse

Spooly

I have a "dpoole" pedigreed quarter! I like it!


I guess I am not that big of a snob. Eliasberg, Bass, Pittman, Lee...... nice collections, but I didn't know those guys!

I will take a "Dpoole", "GUISINGER", ect... ect.. because I have watched you guys put great collections together over the years. Read your posts, shared your triumphs and your disappointments. Debated hot issues and learned from each other. The modern "pedigrees" are being made with great coins in "my time"..... with my "peers".

IMHO!

DesertLizard

Pedigrees are absolutely silly. I have reslabbed 3 coins to get rid of "Joe Blow" pedigrees. It is a great great great marketing idea by the folks at PCGS. The hobby is full of people with large egos and what more do they wish then seeing their name emblazoned on their coins, even after it is no longer their coin!

PCGS gets the fees to pedigree the coins and then again when people like me reslab!! A neat business.

Spooly

PCGS gets the fees to pedigree the coins and then again when people like me reslab!! A neat business

Getting the coins pedigreed is free.

mrcommem

I have solved the pedigree question of not liking a person's name on the holder. When I pedigreed my 50-piece silver commem's I chose a geographic or historic name, hence my collection is the "Overland Trail". I wouldn't think anyone would object to this kind of pedigree. I have seen this done with a number of collections such as The North Georgia" collection of Dahlonega and Charlotte coins, "Green Pond" collection, "Rainy Day" collection etc.

merz2

I can't believe I'm saying this,I agree with Laura.A coin from a well known set will sell easier,and for maybe more.

mdwoods

I like the idea. I have a PQ MS66 Peace dollar in my collection with a board members name on it. Larry Shapiro. It is a great coin, and I never have to remember where I got it. In my Registry type set, I try to mention where I got every coin. If I sell, I will include the information for each coin. Part of enjoying a nice coin is being able to talk about where it came from. mdwoods

lava

Pedigrees work both ways. If you like the guy's eye for coins, then the pedigree might be a positive. If however you do not like the guy's eye for coins, then the pedigree is a negative. We all know of one guy that resubmits and resubmits and resubmits, so his 66s routinely look like 65s, and his 65s routinely look at 64s. In that case, the pedigree is a negative, since word gets around and the interest in those coins diminishes. He can have his name on the slab of his overgraded coins, but he will have a harder time selling them.

RGL

Lava has it nailed ... good eye, good collection, good coins, a pedigree would be a plus within the tight circle of registry collectors within the series. And, $5 for a reholder, even if I don't care for the name on a slab, is not going to stop me from buying a coin that appears worthy ...

RegistryCoin

I like having the "Shepherd" pedigree on some of my coins. I am proud to have some of Larry's former coins in my set. Whether someone who buys my coins/sets wants a "Shepherd/Heller" pedigree on their holder(s) would be up to them, but would retain a note of its lineage.

relayer

One of my favorite coins is an 1883 No Cents Eliasberg pedigree because it has two stories with it.

I'm having my Gold Type set pedigreed with my last name.

I don't have any concerns about selling because I hope the collection will stay in the family long after I've gone.

Eliasberg would be the only pedigree I'd pay a premium for - other than perhaps a Spooly

DLG

I agree with Steve. I would not even consider taking "Benbow" off my 32-S.

But - I'm not sure I want to put "Benbow / DLG" on it.

DLG

keithdagen

I've got a Spooly coin, just not pedigreed. And it is really nice for the grade. That dude has an eye for copper.

Had 2 coins from the Shapiro collection, neither pedigreed. Both were very hard to replace/upgrade because of the quality.

BillJones

This pedigree business is degrading to the concept. Years ago pedigrees like Garrett and Eliasberg met something. Some people were interested in them because those were landmark collections that many people in the hobby recognized as something important. The down side was that the grading services had a vexing habit of giving some pedigreed coins one or two extra grading points as a way to boost the selling price for the coins. That was real turn-off IMO.

There was also an interest to track the locations of the finest known coins, especially for die variety specialists. This concept extended down to individual coins, not whole collections.

Now we’ve get coins with dealers’ names and “Joe Blow’s” name on slabs that don’t mean much now and over time will come to mean nothing. It’s just one more marketing program to boost people’s egos so they will buy and sell and perhaps overpay for some really less than extraordinary coins. Most of it is foolishness, but then again so is the registry concept. When the “universe” is limited to one company’s slabs and only to those collectors who choose to participate, whole thing means nothing more than you are the big fish in the little pond that decided to hop into the water at a specific time. In the overall universe of collector coins, the true status of your achievement is pretty limited, and the price of admission can be extraordinarily high.

sonofagunk

So if I pedigree a set, can I use the name "Pittman"?