Does a famous previous owner increase the value of coins?

you got that right .. i was enjoying a 'redfield' the other day ~ it was a 64 with a very nice even edge toning ~ the dealer asked $100 over bid for it ... i guess it was the combination 'redfield' and 'toning' ~ premium squared

 

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This thread seems to answer your question in the affirmative.

 

well I went for a few pieces from the Jack Lee collection

 

I'm sure certain coins owned by certain owners carry a premium because things like that are important to some people. I saw on the news once a fairly common guitar sold for thousands becuase of the previous owner, sort of like the elvis shoe thing to me. We seem to be getting more pedigrees as we go along. Shipwreck coins, first day of issue, first strike, and tv appears to like having coins now from certain hoards they name. If these things appeal to someone then buy it of for no other reason as a conversation piece. But to buy a coin based on a pedigree as an investment, I don't think that is a great idea.

Two coins in my Peace Dollar collection are supposed to be from a nazi hoard of foreign currency and precious metal coins found toward the end of WWII. Is this true, I have no idea since I have no COA from Adolf. Did I or would I expect anyone else to pay a premium for coins from some story like this? Of course not, but just another possible story to add to where coins have been. If only they could talk and share their experiences

 

See, here's where drifting in and out of this hobby over the years has kinda helped me. Most of the time I look at a pedigreed coin and say, "Who?". Ignorance keeps me buying the coin, and not the holder.

Rick L.

 

Not ignorance - but smart collecting.

 

The Binion collection? That's not Jack or Benny Binion is it?

 

Shouldn't a famous pedigree be considered like the CAC sticker before CAC existed.

I guess my idea would be that the previous owner was respected for some reason and would have chosen his/her coins carefully. Thus if you buy one of them, it's proabably not a dog.

At least that what it seems to me.

 

u boys should line up and start paying deposits for the spock collection

 

yes, but the average collector cannot afford the Pedigree offerings, when they do become available. With the increasing counterfeit market , and TPG's " overgrading " , CAC is a very viable assurance for mid level and high end collectors and investors. IMO

 

Usually if you see a pedigree name and you say "Who?" it probably isn't worth a premium. Assuming you are moderately well versed i numismatic history or know the specialist fields (Because sometimes a person will be famous in a narrow field but not in the general numismatics at large.)