Pedigree.... what are you really paying for?
Peaceman
Posts: 5,098
I've seen some posts on "Pedigree's".... who here thinks they are worth more money, why?
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Coins like everything else in a free market society are only worth what someone else will pay for them...and there will always be someone who will pay a premium for pedigreed coins of one name or another...just like there are folks who will pay $1500 for a monster toned common date Morgan....
(No, that isn't my dog with the Pedigree can.)
Collector since 1976. On the CU forums here since 2001.
Would you pay more for the pride of ownership to say you own a Red Book plate coin? How about a Penny Whimsy plate coin? Or one plated in Crosby way back in 1875?
A 1971 Proof set from Eliasberg is kind of like owning Elvis' car, I agree. But is it worth a few bucks more than one purchased from the Mint by Ed Schlebovitz of Paducah and handed down to his son Sid? I think so -- unless you know Sid.
The added premium of provenance is twofold: more history with the coin than a non-provenanced piece, and you can delight in the fact that savvy numismatists of long ago thought enough of it to keep it in their collection as their favorite in all their years of experience. Sort of like a thumbs up from a dead guy.
JK
Betts medals, colonial coins, US Mint medals, foreign coins found in early America, and other numismatic Americana
I can think of a dozen reasons not to have high capacity magazines, but it's the reasons I haven't thought about that I need them.
That is a shame. Knowing a little about numismatic history and the personalities that played a major role in it is an interesting facet of the hobby IMHO.
<< <i>"Most people don't know who were Eliasburg or Redfield"
That is a shame. Knowing a little about numismatic history and the personalities that played a major role in it is an interesting facet of the hobby IMHO. >>
I meant for freinds and visitors who are curious to see my collection but are not collectors themsleves.
I can think of a dozen reasons not to have high capacity magazines, but it's the reasons I haven't thought about that I need them.
I guess if I had the full "Red Skeleton" collection, with his name and certs for the coins,I would be one happy fellow.
Paying premiums like this for coins, just make others rich. The ones that have created the hype.
Can you imagine honest to goodness "Elvis" Coins....I wouldn't want any!
Bulldog
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I get a sense of pleaure and excitment in educating and teaching others about numismatic history and showing them how it parallels in some respects U.S. history. Some of the joy of collecting (IMHO) is having a tangible connection with the past and the people of the past. I find the stories of how the great collections were compiled and the difficult there was in putting them together interesting but I realize it's not everyones cup of tea.
In the same way some would pay a significant premium for an MS-69 over a 68 others would pay a premium for a coin that has a connection with one of the historic collections like Eliasberg, Norweb, Garrett, Bass, etc. To each his own.
Personally I would never pay extra for a "famous" coin.
al h.