Have you ever bought a coin just because of provenance?

Discussion in 'Coin Chat' started by MrOrange1970, Sep 15, 2017.

  1. MrOrange1970

    MrOrange1970 Active Member

    So there's an upcoming HA auction of many tokens from the Virgil Brand collection. I have to say that I'm tempted to buy a dog of a coin (probably all that I can afford) just to have something from that collection.
    I know it's probably the equivalent of buying a doorstop from Babe Ruth's house but he is the Babe Ruth of numismatics.
    Question is have any of you bought a coin, maybe one you don't even like, just because of provenance...
    Yes I know it's folly, so not looking for anyone to point that out to me. :)
     
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  3. Treashunt

    Treashunt The Other Frank

    I have one or two, but paid regular price for them
     
  4. Chewmassa

    Chewmassa Now where could my pipe be?

    No, I have not. But then again I'm much more into getting US coins for face out of rolls than buying coins and I don't even touch ancients.
     
  5. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

    I bought a couple of low grade CC Morgans just, because.
     
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  6. Oldrdawg

    Oldrdawg Active Member

    I have never purchased a coin merely for its provenance, but I will freely admit that it is only because I cannot afford to do so. People buy: (1) furniture because it was owned (and apparently ultimately rejected) by the Royal Family; (2) costume jewelry because it was owned by Jackie O., although she would never have worn it; (3) books because they were merely in James Joyce's library; and (4) any article of used clothing Marilyn Monroe was sewn into. Given all of this, why wouldn't I buy a coin because it was owned by a numismatic demigod?
     
  7. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

    This is why it is illegal to sell human saliva.
     
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  8. Conder101

    Conder101 Numismatist

    Yes I have. Dan Holmes large cent collection was the most complete set ever assembled lacking only two varieties (Both unique, one permanently impounded in the ANS collection the other, an 1851 in a private collection and the owner wouldn't sell it.) I specialize in the early dates and I have from his collection a 1798 S-158 that was the final piece in the collection, the piece that finished the greatest large cent set ever. It is lower grade than the one I already had, but I paid six times the catalog value in order to get it. To me it is a piece of numismatic history.
     
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  9. GDJMSP

    GDJMSP Numismatist Moderator

    Yes, but only because I was one of the designers. And it wasn't really a coin, more of a token - it was a coin club coin.
     
  10. sakata

    sakata Devil's Advocate

    I would never consider buying anything just because of who had previously owned it.
     
  11. PennyGuy

    PennyGuy US and CDN Copper

    I didn't pay a premium for this store card, but I would have. As a Rarity 4 the token itself isn't a hard find, but the 2x2 envelope it came in is hard to find.

    [​IMG]
     
    Last edited: Sep 15, 2017
  12. ziggy9

    ziggy9 *NEC SPERNO NEC TIMEO*

    I bought this Maximian because it was from the John Q. Adams collection. It was bought more for genealogic reasons more than numismatics. JQ was a cousin of mine...

    A001.jpg
     
  13. sakata

    sakata Devil's Advocate

    Wow! You must be older than most people here.
     
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  14. dwhiz

    dwhiz Collector Supporter

    maybe this one, I do like old 1921 Morgan 25 Ann.jpg snickered silver dollars 1921 Morgan Wagon Wheel 1-horz.jpg
     
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  15. Kirkuleez

    Kirkuleez 80 proof

    I paid waaaay too much for a 1865 PCGS PR-66 3CN from the Eliasberg collection. I really just wanted something cheap from his collection, but there was no such thing as a cheap coin from his collection, and I needed a proof 1865 for my set. I didn't realize it at the time, but I was bidding against my local dealer who was bidding on it for me because I had a proof 1865 on my want list. I've always wondered how much I cost myself by not letting him know that I was going to the auction.
     
  16. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

    I have never heard that term before snickered silver dollars. Interesting now I got to go learn about it. Thanks. Something new.
     
  17. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

    Heh.
     
  18. ewomack

    ewomack 魚の下着

    I have never bought something based on provenance alone, but for many medieval coins having a provenance at all, especially one that stretches into the early 20th or 19th century really boosts confidence that one has bought something ultra-genuine. No guarantees, of course, but anything helps these days.
     
  19. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

    My BC drachma is like that. the mere thought that it was in circulation at the time of the three wise men navigating by the Stars and that supposedly this was the coin of the realm that they would have been buying their food and water for their camels and their own lodging on the journey with envigorates the appreciation of the story...
    for the same reason I enjoy collecting Civil War coins.I can connect to it.
     
  20. BRandM

    BRandM Counterstamp Collector

    I have quite a few coins formerly owned by well known collectors, including Dave Bowers and John J. Ford, but didn't buy them for that reason. I won't buy something that doesn't appeal to me because of who previously owned it.

    Bruce
     
  21. ziggy9

    ziggy9 *NEC SPERNO NEC TIMEO*

    I didn't say how close a cousin...
     
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