Hypothetical Question - If Michael Jackson collected coins, would they bring a premium on liquidatio
SanctionII
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............. based upon them being owned by the King Of Pop.
This hypothetical does not have to use Michael Jackson's name, but since he died last week and is in the public eye, I chose him.
The same question could be applied to Elvis, Neil Armstrong, any of the recent US Presidents, Michael Jordan or some other such person with world wide fame.
I would expect some premium to exist. How much would it be? Have there been any previous instances where the collection of a famous [specifically fame in the general public as opposed to fame in the hobby] person who died is liquidated and sold and the prices far exceeded expectations simply due to the fame of the owner?
This hypothetical does not have to use Michael Jackson's name, but since he died last week and is in the public eye, I chose him.
The same question could be applied to Elvis, Neil Armstrong, any of the recent US Presidents, Michael Jordan or some other such person with world wide fame.
I would expect some premium to exist. How much would it be? Have there been any previous instances where the collection of a famous [specifically fame in the general public as opposed to fame in the hobby] person who died is liquidated and sold and the prices far exceeded expectations simply due to the fame of the owner?
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I think they would demand a premium, that is for sure
I also would think a lot of that premium would come from non-coin collectors who were fans of The King of Pop, or whomever.
edited to add
RIP Mom- 1932-2012
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Of course they would have to be authenticated and have the Jackson label to prove they were owned by him.
Does anyone think they'll do young Michael/older Michael pieces...the former being in bronze and the latter being blast white?
RIP Mom- 1932-2012
I've never paid anything extra for a pedigree. If I knew who the prior owner was, that’s great, and I’ve got a few coins and tokens that once belonged to famous collectors, but not famous show business people. But I buy the coin, not the former owner.
<< <i>There were several lightly circulated Kennedy halves that were auctioned off as part of Jackie Kennedy's estate. I don't remember what they brought but it was more than face value which is what they would have brought if I owned them. >>
They brought an unbelievable price I think it was $7K for 10 to 12 of them.
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>MJ coins could get a pedigree. >>
Maybe put a bunch of Lincoln "Early Childhood" coins in tribute holders.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>Well at least he wore gloves when he handled his coins, if he had any....
I think they would demand a premium, that is for sure >>
He didn't wear TWO gloves...for everything.....!!!!
Well at least he reduces the fingerprints on his coins, in half with wearing one glove... LOL
<< <i>He didn't wear TWO gloves...for everything.....!!!! >>
<< <i>No doubt the scammier companies are busy right now making stickers to slap on silver eagles, etc. with MJ's picture on them, and the "tribute coins" will be coming in droves shortly thereafter. I'm eagerly awaiting the ads for the "silver/gold layered tribute coins" -from Liberia/Marshall Islands or some other such nonsense- as well. >>
I saw some Kennedy's on Ebay with MJ stickers two days after his death, similar to the Obama coins.
Franklin-Lover's Forum
PCGS would have to have them with a MJ label. Kind of like those 9/11 silver dollars.
People would pay, no question.
On a side note, they almost had that auction a couple months ago.
I guess his glove was going to be sold.
Michael stopped the auction, BUT, what if you had bought that glove, talk about a flipping opportunity....
Death and estates, both large and small, have a way of either bringing out the vultures or turning people into vultures.
Such scavangers could not care less about the prior wishes of the carrion.
Rest in Peace Michael, may you and Billy Mays watch over someone here on earth and help them invent the Moon Walker for the disabled or older folks.. I would love to see grannie walking backwards with her walker with disco lites..
<< <i>Well at least he reduces the fingerprints on his coins, in half with wearing one glove... LOL >>
Except then you get sequin scratches.
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>On a side note, they almost had that auction a couple months ago.
I guess his glove was going to be sold.
Michael stopped the auction, BUT, what if you had bought that glove, talk about a flipping opportunity.... >>
At least he and his thugs didn't barge into a hotel room with guns drawn.
60 years into this hobby and I'm still working on my Lincoln set!
``https://ebay.us/m/KxolR5
He was not known during his life as a collector of coins.
His death does not automatically change that.
I suppose some short sighted folks would spend a premium.
But since he is not a big name in numismatics, that premium would be fleeting in my opinion.
<< <i>Does anyone think they'll do young Michael/older Michael pieces...the former being in bronze and the latter being blast white? >>
it could be a holgram!
I wouldn't want Neverland Ranch either, because it is waaayyyy to far from the beach.
Most of us here have heard the fabled stories about finding coins that toned up in Grandpa’s
sock dresser drawer, how would these socks effect a bunch of coins tucked away in a dresser?
"Keep your malarkey filter in good operating order" -Walter Breen
<< <i>The other 'ped', Walter Breen, did his coins command a premium when liquidated? >>
When he was young, his entire collection was stolen and he never again collected coins. After that, he only collected numismatic knowledge.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>The other 'ped', Walter Breen, did his coins command a premium when liquidated? >>
When he was young, his entire collection was stolen and he never again collected coins. After that, he only collected numismatic knowledge. >>
And, some other knowledge.