What are the rules surrounding a "named collection" offered by a dealer?
Longacre
Posts: 16,717 ✭✭✭
I know that there are probably no specific rules, but does anyone know generally what is considered when a decision is made to "name" a collection that a dealer is selling? Are there a certain number of coins that the collection should contain? Should the collection have a theme, or otherwise be somewhat high end? If I had a miscellanous collection of nice coins (but not great coins), would a dealer be willing to call it the Longacre Collection when I am ready to sell it through his website? Do named collections result in higher prices?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
Comments
publicly showcased at major shows, museums, or other types of displays and served educational or great numismatic interests. I think I might be wrong though.....
1. The coins should have a unifying theme, not just an assemblage of nice coins.
2. The collection should be well-known to me and well-known to be high quality. Sorry, but for most people, the "Longacre Collection" won't cut it.
3. The collection should be obviously of consistent high quality for what it is. Once you can identify a dog, you are immediately suspicious that there are others.
4. If there is a dog or two in the collection (just about every collection has them ), or some coins that do not fit the theme, it is probably best to sell them via another marketing channel ("regular" inventory, auction, ebay, wholesale, etc.).
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
I hate to be the bearer of bad news, but your collection will be known as the "Longacre 2" or perhaps "Longacre Junior" collection because the original Longacre collection was sold back in January or February of 1869. ( ) More seriously, Longacre (the engraver) did have a coin collection, likely accumulated whilst he was at the mint. As I recall, he had a few patterns and other coins. And this collection was sold off a month or so after his death.
Mark