Do dealers ever stock a valued pedigree in inventory as "product", believing that the pedi

Longacre · August 17, 2009 7:07AM

The early copper world is waiting for the upcoming sale of the Dan Holmes collection of early copper. Needless to say, there will be a feeding frenzy by specialized dealers and specialized collectors for these coins.

However, does it ever make sense for a non-copper specialist dealer to make a few purchases from this BIG sale, and stock the coins in inventory as "product", with the belief that the sheer pedigree will lead to a quick sale? In other words, say a specialist in gold coins buys a few of the early copper coins from the Goldberg sale, is it a safe bet that this early copper sale is so significant that even a typical gold specialist dealer can off-load the purchases, just by riding the momentum immediately after the Holmes sale? What do you think?

adamlaneus · August 17, 2009 7:10AM

I'm thinking it is going to be alot easier to make money showing off my dead two headed, four eyed cat.

shorecoll · August 17, 2009 7:13AM

Adam...you win!!!

COALPORTER · August 17, 2009 7:15AM

Not ment as an insult, but Dan who?

BillJones · August 17, 2009 7:18AM

I don't think that most of them would do it. The trouble is you have to have a name and a presence in the copper market to sell to many of those collectors. When you are an outsider, some of them won't even look at your inventory, and when they do they expect to pay you less.

PerryHall · August 17, 2009 7:34AM

Buy the coin---not the pedigree.

mrpotatoheadd · August 17, 2009 7:36AM

If you weren't a specialist in the area, wouldn't the fact that "specialized dealers and specialized collectors" who had the opportunity to outbid you for a particular item, but chose not to, tell you something, maybe?

roadrunner · August 17, 2009 7:44AM

The last market report I read about a red hot copper sale was that anything anyone bought turned to gold and that buyers who missed out were scampering around like scared little children trying to find large cents to buy...even the leftovers and nearly any price. So I guess the good pedigree does make a difference.

roadrunner

MrHalfDime · August 17, 2009 8:37AM

"Not ment as an insult, but Dan who?"

Dan Holmes is the past president of the Early American Coppers (EAC) collector organization, and assembled what many believe to be the finest collection of early Large Cents ever assembled. This auction will be one to watch, and the catalog will surely become a valued research tool for many years to come.

GoldenEyeNumismatics · August 17, 2009 8:49AM

It's certainly possible.

I know some dealers who'll buy anything with an Eliasberg pedigree that's under $200 or $300, just because the pedigree attracts so much attention.

Hyperion · August 17, 2009 8:53AM

just a seller considering anything distinctive about their inventory.

caveat emptor

PinnacleRarities · August 17, 2009 9:03AM

We bought a coin at the ANA pedigreed to the San Diego Collection. I doubt this moniker will help sell this coin. Famous collection like Eliasberg pedigrees do help sell the coin. This upcoming copper collection will mean things to EAC members, but ultimately the coin sells itself, the pedigree is just a small piece of the story.

coinmanic · August 17, 2009 9:06AM

Good question. I am not a Copper guy and the Holmes name means nothing to me. A Pedigree like Childs, Eliasberg or Saintguru, transcends an individual category and has a much larger market following.

Justacommeman · August 17, 2009 9:43AM

I'm a sucker for pedigree coins as long as they are all there. Guilty. MJ

DIMEMAN · August 17, 2009 9:52AM

I would like to have an "Elisberg"(sp) dime in my collection, but would not pay a huge premium for it.

MrEureka · August 17, 2009 10:01AM

The last market report I read about a red hot copper sale was that anything anyone bought turned to gold and that buyers who missed out were scampering around like scared little children trying to find large cents to buy...even the leftovers and nearly any price. So I guess the good pedigree does make a difference.

That's what it sounds like, although my experience is that it's not quite as easy as it sounds.

ColonialCoinUnion · August 17, 2009 10:44AM

<< <i>However, does it ever make sense for a non-copper specialist dealer to make a few purchases from this BIG sale, and stock the coins in inventory as "product", with the belief that the sheer pedigree will lead to a quick sale? >>

Like most coins, I suspect the pedigree alone isn't going to be enough.

Do dealers ever stock a valued pedigree in inventory as "product", believing that the pedi

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Do dealers ever stock a valued pedigree in inventory as &quot;product&quot;, believing that the pedi

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Do dealers ever stock a valued pedigree in inventory as "product", believing that the pedi