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Provenances of Ancient Coins -- Coinweek Article
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<p>[QUOTE="Curtisimo, post: 5290986, member: 83845"]Interesting discussion on this thread. I completely agree with the posts saying that dealers provide a valuable service and I have no problem paying a mark up on their inventory. What they paid themselves is irrelevant and I can decide for myself what I am willing to pay. In many cases I feel better buying expensive coins from a dealer because I know they took the time to examine the coin before they bought it themselves and weren’t burning and turning like some high volume auction houses (this is not a dig at auction houses, just an observation that some handle a lot of inventory). I also don’t mind bidding against dealers.</p><p><br /></p><p>As to the practice of not disclosing the most recent purchasing history of a coin I do think that is a bad habit of many dealers and auctions that needs to change. I think coin sales should always include as much provenance info as possible even if it is only where the dealer / auction house acquired the coin for sale. If the consignor wants to remain anonymous the listing could still say something like “from a private collection acquired between (x date) and (y date) in (z region).” I know it has been suggested that some auction houses will give this information when asked but that has not been my experience in many cases. Many of them will either not respond or will say they can’t share that information. I could even see providing detailed information only to the winning bidder or purchaser but I think that there should be an expectation that every coin sale will come with complete-as-possible provenance information without exception.</p><p><br /></p><p>The chain of provenance has to start somewhere and in my opinion even recent sales are important and could be more so in the future.[/QUOTE]</p><p><br /></p>
[QUOTE="Curtisimo, post: 5290986, member: 83845"]Interesting discussion on this thread. I completely agree with the posts saying that dealers provide a valuable service and I have no problem paying a mark up on their inventory. What they paid themselves is irrelevant and I can decide for myself what I am willing to pay. In many cases I feel better buying expensive coins from a dealer because I know they took the time to examine the coin before they bought it themselves and weren’t burning and turning like some high volume auction houses (this is not a dig at auction houses, just an observation that some handle a lot of inventory). I also don’t mind bidding against dealers. As to the practice of not disclosing the most recent purchasing history of a coin I do think that is a bad habit of many dealers and auctions that needs to change. I think coin sales should always include as much provenance info as possible even if it is only where the dealer / auction house acquired the coin for sale. If the consignor wants to remain anonymous the listing could still say something like “from a private collection acquired between (x date) and (y date) in (z region).” I know it has been suggested that some auction houses will give this information when asked but that has not been my experience in many cases. Many of them will either not respond or will say they can’t share that information. I could even see providing detailed information only to the winning bidder or purchaser but I think that there should be an expectation that every coin sale will come with complete-as-possible provenance information without exception. The chain of provenance has to start somewhere and in my opinion even recent sales are important and could be more so in the future.[/QUOTE]
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Provenances of Ancient Coins -- Coinweek Article
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