I have some questions concerning "famous collections" I see coming on the market at times on different coin news web sites. How do these collections become well known in certain circles? Do the owners of these collections display them at times? Are leading dealers notified that certain people are assembling certain sets and over the years the record of their purchases signify the set is of significant quality and grade? These sets that have been owned by someone for say twenty to forty years have they been sent in at some time or another and slabbed or remain raw?
Yes, and no, to all of your questions. The one thing I would add is that not all collections are famous and most have never even been heard of by any but a select few - until they are sold. And more than a few of them are assembled in as little as 4 to 8 years.
I think that is a great question! It also has different possibilities as well. I am certain that Doug has enough experience to validate that 4-8 year time frame and more than likely knows some of them as well :bow: . One of my past time interest's is trying to research famous collections (mostly Paper Money) but when I did collect coins this part of the equation did not really ever enter my mind. You see in my eyes while you the collector are working on your sets do not think about fame, you think of how you are going to afford that next coin or note. You scheme in your mind how to arrange financing options to obtain that wondrous piece of metal or paper so it can sit tirelessly in your little hoard! One of the things that I have realized switching from coins to paper money is that most modern pieces are not really exceptional, unless of course there is a major flaw or error associated with the piece. It is the true "Numismatic Pieces" that are revered, the coins and Paper Money of yesteryear..the rare hard to obtain examples. These items simply cost a small fortune to add to your collection. True collectors that have assembled famous collections did so back long ago...(unless of course you have no limit on funding). Even back then the $$$ paid for what they acquired was significant for the times...it was not until 1986-87 (along that time frame) when the TPG companies came into the arena.....so the "Pioneers" so to speak were guy's like you and me that made the opportunity happen by dedication, research, and devotion. Most Paper Money Collectors that I have been trying to study spent a great portion of their lives putting together high quality rare examples of notes. So you see your question, while excellent, does play a significant role in the personality, goals and perseverance of some of the leading Pioneers in Numismatics history. There will always be exception to the rule....it only take's Money$$$ Try learning about some of the "famous collectors"..compare your traits to some of theirs. You will find that you have a single common thread.. the interest in numismatics. Best of luck in your collecting lifetime....:thumb: Regards, RickieB
