All this talk about pedigree and provenance. Blah where is the normal guys we out number all the guys that own the mercedes and the rolex's. We are the main stream people. Most people that own the rolex's and mercedes are compencating for something they cant grasp in their life. I for one only own a Ford Explorer eddie bauer 4x4 my watch is a casio I bought in chechoslovaka lol I was in the market for the same watch here in the US and it would have cost me 480$ over there is cost me 88$.
Most of the value we attach to material items ie. watches, cars, coins is nothing more then window dressing. Its just something that we use to say mine is better then yours because its cost more. I for one am happy with something that works and looks good and dosent cost a bigillion dollars. I have to say that now cause im unemployed.
Byron
Im unemployed again after 1.5 years with Kittyhawk they let me go.
Most people that own the rolex's and mercedes are compencating for something they cant grasp in their life.
Thats a pretty broad assumption to make. Whats wrong with someone who makes a decent living spending 2 or 3K on a Rolex watch if thats what they like. Does that really mean anything more than they might like nice things and can afford to buy them. Its all relative. I have noticed a few forum members cutting down Tradedollarnut for his collecting budget. The guy makes a decent living and can enjoy a few of the finer things in life, so what, good for him. He still seems to be a straight shooter and thats what counts. You cant judge a persons character by how expensive his coins are. If you make 25K a year, maybe you might spend 2000 per year on a coin, if you make 500K a year maybe you spend 50K a year......its all relative. Enjoy the hobby, don't get to hooked on how much its worth. If you do, you'll never be happy because someone will always have one thats nicer and more valuable than yours!
I was going to soliloquize at length that much of the criticism of those who may own a Rolex or a Mercedes, and the stupid statements about "over-compensating" generally come from those who cannot afford such things (note, I said "generally", not always), but Greg beat me to it, and did so in his own inimitable way.
I have owned all kinds of cars and after a few weeks, I wanted something else. So it goes......
I now "own" a 14 month old little beauty that has filled the material possession desire in my life. Her name is Miranda.
I now drive an 87 Toyota truck, work my tail off 80 hours a week, buy far fewer coins and my biggest thrill in life comes at the end of the day when she screams "Daddy" and runs to me at the door. Instead of worrying about door dings, I now worry about 104 degree temps and runny noses.
I don't know what happened to that guy that used to chase after Rolex's and Vette's, perhaps we'll meet up again in about 20 years or so.
When we are planning for posterity, we ought to remember that virtue is not hereditary.
Dont worry about chasing the "Corvette" and the Rolex in 20 years either (unless of course your trying to make up for having a small...ummm....thingy lol!)
The Mercedes I can see...But the vette..your just making up for your...err......shortcomings.
All these fast cars. Real coins guys drive Jeeps. I had a 1948 Army Jeep for 2 1/2 years, but sold it so I could actually drive outside my town. Kind of restrictive when the max speed is 45 MPH!
"So it is probably easier to like a pedigreed coin because you know someone else liked it too. This is especially effective if we hold the previous owner in high esteem."
Very close to my point....a great provenance is great, it's a connection to the past and a potential seal of approval and a nice thing .........at a slight premium.
I personally would prefer to buy a great coin owned by no one famous than an average coin owned by Eliasberg or whomever.
I'm just not impressed by someone who says "Oh, you didn't know it was owned by so and so???? Well, obviously it's spectacular.
Reminds me of the guy who gets caught by his wife in bed with his secondary squeeze.
"What are you doing, you bass turd?"
"Nothing."
"You're in bed with the maid!"
"No I'm not!"
"Yes you are!"
"No I'm not....who are you going to believe, me or your eyes?"
Yes, I prefer solid coins for the grade with good pedigrees. Pedigrees do add value and speak for the coin. IF it's a dog.....well that's another story. Since I like the seated area most, pedigrees like James A. Stack, Louis Eliasberg, Norweb, James B. Pryor, Reed Hawn, Lovejoy, Gene Edwards, etc. all mean a little extra. My favorite of all them: James Stack. He put together some mean coins back in the 1940's and earlier. They were not brought back to the market for many years. The first sale (quarters and halves) was in 1975. That was a landmark sale for many seated/Barber rarities. And in most cases, the Pedigree doesn't cost much if any extra.
Yes, i think that is true, pedigreed coins don't always cost significantly more. Take that Norweb 1834 quarter in proof 67....i got that for significantly less than bluesheet which was $150,000 or thereabouts when i bought the coin. (Of course it promptly dropped to less than $100,000 shortly after it became mine, of course.)
I don't think that i've ever seen a coin with Stack's name on it yet. Are you saying that you have coins with the Stack pedigree on the holder?
Comments
Most of the value we attach to material items ie. watches, cars, coins is nothing more then window dressing. Its just something that we use to say mine is better then yours because its cost more. I for one am happy with something that works and looks good and dosent cost a bigillion dollars. I have to say that now cause im unemployed.
Byron
My first YOU SUCK on May 6 2005
My luggage is a plastic shopping bag, while you're is a paper shopping bag. You're a snob.
My house only has four tires, while yours has six. You're a snob.
I collect one cent pieces, while you collect two cent pieces. You're a snob.
You make more money than me, so you're a snob.
You can afford better things than me, so you're a snob.
Thats a pretty broad assumption to make. Whats wrong with someone who makes a decent living spending 2 or 3K on a Rolex watch if thats what they like. Does that really mean anything more than they might like nice things and can afford to buy them. Its all relative. I have noticed a few forum members cutting down Tradedollarnut for his collecting budget. The guy makes a decent living and can enjoy a few of the finer things in life, so what, good for him. He still seems to be a straight shooter and thats what counts. You cant judge a persons character by how expensive his coins are. If you make 25K a year, maybe you might spend 2000 per year on a coin, if you make 500K a year maybe you spend 50K a year......its all relative. Enjoy the hobby, don't get to hooked on how much its worth. If you do, you'll never be happy because someone will always have one thats nicer and more valuable than yours!
Russ, NCNE
I now "own" a 14 month old little beauty that has filled the material possession desire in my life.
Her name is Miranda.
I now drive an 87 Toyota truck, work my tail off 80 hours a week, buy far fewer coins and my biggest thrill in life comes at the end of the day when she screams "Daddy" and runs to me at the door. Instead of worrying about door dings, I now worry about 104 degree temps and runny noses.
I don't know what happened to that guy that used to chase after Rolex's and Vette's, perhaps we'll meet up again in about 20 years or so.
When we are planning for posterity, we ought to remember that virtue is not hereditary.
Thomas Paine
Dont worry about chasing the "Corvette" and the Rolex in 20 years either (unless of course your trying to make up for having a small...ummm....thingy lol!)
The Mercedes I can see...But the vette..your just making up for your...err......shortcomings.
Cameron Kiefer
(Side impact air bags.)
Safety is no big deal until you have to say goodbye forever to someone you love.
Very close to my point....a great provenance is great, it's a connection to the past and a potential seal of approval and a nice thing .........at a slight premium.
I personally would prefer to buy a great coin owned by no one famous than an average coin owned by Eliasberg or whomever.
I'm just not impressed by someone who says "Oh, you didn't know it was owned by so and so???? Well, obviously it's spectacular.
Reminds me of the guy who gets caught by his wife in bed with his secondary squeeze.
"What are you doing, you bass turd?"
"Nothing."
"You're in bed with the maid!"
"No I'm not!"
"Yes you are!"
"No I'm not....who are you going to believe, me or your eyes?"
And in most cases, the Pedigree doesn't cost much if any extra.
roadrunner
Yes, i think that is true, pedigreed coins don't always cost significantly more. Take that Norweb 1834 quarter in proof 67....i got that for significantly less than bluesheet which was $150,000 or thereabouts when i bought the coin. (Of course it promptly dropped to less than $100,000 shortly after it became mine, of course.)
I don't think that i've ever seen a coin with Stack's name on it yet. Are you saying that you have coins with the Stack pedigree on the holder?
Never seen one with his name on the holder tho.