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<p>[QUOTE="Ed Snible, post: 5205620, member: 82322"]To be a legal purchase, the seller must have good title. To be a legal import, the customs declaration must be correct.</p><p><br /></p><p>Several countries claim a blanket ownership of everything over 100 years old. Without a provenance showing the coin was privately owned in the past it is hard to establish the seller had good title.</p><p><br /></p><p>Legal issues aside, another reason to buy based on provenance is when you believe the previous owner had better taste than yourself! I buy a lot of ugly coins. Sometimes I regret them later. Doctor Pozzi bought no ugly coins. If you buy something that used to be his, you don't have to worry about your own lack of taste![/QUOTE]</p><p><br /></p>
[QUOTE="Ed Snible, post: 5205620, member: 82322"]To be a legal purchase, the seller must have good title. To be a legal import, the customs declaration must be correct. Several countries claim a blanket ownership of everything over 100 years old. Without a provenance showing the coin was privately owned in the past it is hard to establish the seller had good title. Legal issues aside, another reason to buy based on provenance is when you believe the previous owner had better taste than yourself! I buy a lot of ugly coins. Sometimes I regret them later. Doctor Pozzi bought no ugly coins. If you buy something that used to be his, you don't have to worry about your own lack of taste![/QUOTE]
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How important is provenance?
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