YES!!!!!!!!! How very true, and especially true of Eliasberg Sr's collection of world coins, almost all of them overgraded and very few really even in the middle of the pack based on availability. All sorts of AU58 coins that belong in AU53 holders, and then they aren't even rare coins to begin with. Especially the South American gold coins from his collection. Was almost as if he began collecting these coins as an after-thought, and having already completed the worlds only complete set of US coins, he somehow didn't have the heart to really chase after the very best when assembling the world collection. There is, however, one pedigree which I have a great deal of respect for, and that would be John J. Pittman. To my way of thinking, he was far bigger a legend than Eliasberg if only because of his much more limited income. Owning a coin or two from his collection is a real pleasure.
One thing on Eliasberg's side though....they didn't have graded coins back in his day and yes indeedy do, you picked most of your collection out of circulation. Uncle Max was way in the future......
True, Eliasberg was not a quality fanatic, completeness was more his goal. The "wonder" coins in his collection were mostly from the Clapp collection which Eliasberg bought in 1942. (It was the purchase of the Clapp collection that gave Eliasberg the goal of the complete US con set. The Clapp collection, sixty years in the making, was already nearly complete. Eliasberg just had to fill in the final missing pieces and a few great rarities.)
Most Clapp pedigree coins are also Eliasberg pedigreed except for some pieces that Clapp upgraded while he still owned his collection or the large cent collection he gave to the ANS some of which were sold or traded away over the years. (There is probably no group of collectors more pedigree conscience than the collectors of early copper.)
Don't know about Eliasberg or Clapp, but I do own a couple of the Norweb coins which I bought during the 1988 auctions. I have to admit that it is kind of interesting to know that your coin was 'bought by Henry Norweb on dec. 5th 1906 from noted Chicago dealer so and so' ... I don't remember though that the coins were in any way more expensive than I could have bought elsewhere, so the pedigree cost me very little if at all. Would I pay a premium for a pedigree now? No.
Not even if it belonged to Elvis or Jackie O? Therein lies the real dichotomy to it all. If the coin is worthless and belonged to someone famous who didn't collect coins to begin with, then the pedigree is meaningful and important. Hence a Kennedy half-dollar once belonging to his wife is VERY desirable, but all else is pretty much window dressing.
I would argue ancient collectors, especially of higher dollar items, would be as concerned with pedigree as any US collectors. We have some coins with pedigrees going back to the middle ages.
Since most slabbed coins I buy are quickly freed, a pedigree would be wasted on me. I might find it amusing to know someone famous once owned the coin I now own, but thats as far as the interest would go. Guy
Eh, pedigrees existed long before plastic. If you ever buy one, just note on its tomb free holder its pedigree. You never know, the owner after you may appreciate this bit of knowledge.
That was great. Reminded me of the SNL skit back in the 1970s where they spoofed a MA Bell television ad (or something like that) and used the singing slogan "We don't care because we don't have to!"
I doubt that either of your scenarios are the reason behind something having value. If anything, it would be valuable because it would have been one of the accentuated hair varieties that was the specimen delivered to Mrs Kennedy. It's not JUST that she owned it, it's more so that her ownership of it qualifies it as a specimen. I'm sure that's what some of the value of "pedigree" labeling for coins also applies to. Yes, for the vast majority of items, they're coins. But there are those rare specimen that are known to be owned by a specific person. In that case, the pedigree label helps allay concerns about legitimacy and authenticity. Elvis owning a coin is as dumb as Elvis owning a lock key. There's no real way to prove either, and no one really cares.
IMO It can change the value both + or - #1 Occasionally the provenance of a coin provides some indication that the coin is genuine. The pedigree may assure that the coin was in a collection prior to a particular counterfeiting event. Of course every coin can be counterfeited as soon as it is introduced into commerce. I’m referring to the known Bulgarian, Chinese, Thailand, and US counterfeiting events over the last 50 years. #2 Here is my Eliasberg coin. The dime is like a baby Gobrecht dollar. :rolling: #3 Some slabbed hoards have gotten a reputation of being over graded. I believe the Richmond Collection started getting this reputation. Perhaps a Richmond Collection provenance might lower the (sight-unseen)value of a coin. Buy the coin & not the slab.