What is your opinion of the TPG services use of their so called "pedigree " labels? For example: First Day of Issue First Strike First Box Early Release Do they add grading value? Do they add market value? Are they just a marketing ploy? It's just a label, "buy the coin not the holder"! Thanks for voting and sharing your point of view. (Sorry, the poll question function misfired for me....Just post your opinion if you would like !)
I am currently preparing my collection to carry my pedigree. Depending on circumstances surrounding my personal well being, I hope to have it done before my time is finished upon this Earth. Not as a gimick, but as a passage for my collection and all I put into it. The collection is me, and I leave it from my son to know me better and to appreciate what I have done for him. There is no other reason than this... RickieB
The examples that you provided are not pedigree's IMO. A pedigree refers to ownership of the item. Usually, only pedigree's of notable numismatists (eg. Eliasberg) will drive a premium. However, that does not mean that all pedigrees are worthless. There are many collections of coins that deserve special attention and a coin pedigreed to one of those collections would certainly deserve a premium. However, collections of this nature are usually comprised of such special coins that it would be impossible to discern whether the premium is for the coin or the pedigree. An example of one of the collections I am talking about would be the Sunnywood collection of toned Morgan Dollars. His entire collection was sold to another collector a few months ago and I have no idea if his coins are pedigreed on the label. But if they are and any of them ever hit the market, you will see a feeding frenzy to attain them. Another collector who stands out in the toned coin world is Gregg Bingham. The "monsterman" has the second ranked set of classic commemoratives in the NGC registry and every coin is a toned beauty. The coins are pedigreed with his name and he is renowned for his eye for toned specimens of the highest quality. I was fortunate to acquire some of his war nickels that he decided to sell. Here is an example. While I don't expect that the pedigree will raise the value of the coin, the only way I will ever have it removed is if I decide to replace it with my own pedigree. NGC registry rules provide that anyone with a top ranking set may have their pedigree added to their collection. The label designations you have mentioned are absolutely meaningless IMO and have no effect on either grade or value. However, since moderns are so sickeningly common, these designations might actually be a way to make completing a modern collection more difficult. Therefore, I don't mind them.
Personally, I'd call it a marketing ploy and I don't own any with those designations or actively seek them out. Theoretically, I think it's supposed to mean something like they are the highest quality examples that could come out that year because the dies were brand new. And, it's probably supposed to give people a warm feeling inside. But if you take the 2009 UHRs for example, I thought I read somewhere that it was hard on the dies making them and they replaced the dies after so many batches. If there's a first day of issue on those, it can't mean a whole lot. I think other proof coins have gotten the dies replaced mid production as well. But not positive. Maybe someone else can verify.
What Lehigh is saying is correct. These - First Day of Issue First Strike First Box Early Release - are not pedigrees. They are designations. The coin that Lehigh pictured has a pedigree.
I think they should keep going with: Virgin plastic, the first coin graded with no additives. First sucker, I mean customer's coin served this morning. First coin I ever had graded, be able to say this was my first! What about first this year, a 01-01-2010 date label! Independence Day certified. Valentines Day, (for your sweetheart). Labor day. First State certified, Deleware - last state Hawaii. Oh I know first coin graded by new employee! First day of spring, summer and so on. How about this one, Last die strike or late die strike. First coin graded with new fee increase in place! The possibilities are endless just think about it? And that answers all of the OP's questions!!!
Thank You Gentlemen for the education and information. I stand corrected. What prompted my question was the use of the "designation" label by the TV hucksters who are imploring an unsuspecting public to pay outrageous prices for these "limited" edition coins. I am also wondering why a highly regarded TPG such as NGC would lower their standards, IMHO, by contracting with the CSN/CoinVault to provide special labeling exclusively for their use. Frankly I don't see a significant investment or numismatic value to any of these "designation" labels. I refer to the mantra, "Buy the Coin, not the Holder". Thank you for sharing your information, opinions and view points. That's why I enjoy posting here, education, information and honest viewpoints.
That's easy to explain - because they were paid to do so. PCGS does the same thing as well. And they don't do it just for the TV guys, they'll do it for anybody. In fact the practice was started for just ordinary collectors when they asked the TPG's to do it. The TV guys are just taking advantage of a situation that somebody else started. That's good, because there isn't any
First Day of Issue First Strike First Box Early Release They all stink like a dead skunk IMO Just sales ploy's. But like Rickey B, I too one day would love to have my collection with a Pedigree but that's along ways off.
Would someone really pay a premium for this coin? http://cgi.ebay.com/1891-M-AUSTRALI...emQQptZLH_DefaultDomain_0?hash=item3a588051a4 I guess that's why I'm not a coin collector. guy
That one is not for me but it is a NCG 45 Eliasberg coin that is rather old (1891) so I'd say so yes! Why may I ask are you here if you are not a coin collector?
Perhaps not, Eliasberg was most famous for completing a collection that included every US coin by date/mm. When you see a US coin with the Eliasberg pedigree, it usually carries a significant premium. This can best be seen by looking at some of his more common coins with established prices. Here are a few examples. http://coins.ha.com/common/view_item.php?Sale_No=1125&Lot_No=7996 http://coins.ha.com/common/view_item.php?Sale_No=29022&Lot_No=22100#photo http://coins.ha.com/common/view_item.php?Sale_No=423&Lot_No=62437 If you search the Heritage archives and type "Eliasberg", then look at the prices realized compared to the price guide, you will see the premiums which are usually multiples of wholesale value for common coins.
I'm just not interested in the various designation that TPG'ers use. Just doesn't appeal to me. Now a pedigreed coin, that does appeal to me. Just a very limited number of pedigreed two centers out there. Oh, should I mention budget? Probably, that reality is part of my world.
:secret: There are actually some of us on this forum who enjoy the history behind certain coins and the study of coins without actually "collecting" coins. For example, I am learning to appreciate the beauty and history of Ancient Greek coins without having a single one in my possession...probably never will. Coins are similar to any passion. One can enjoy the beauty and history of a coin without actually possessing that coin. Think of a classic and rare coin as fine art: too expensive to own, but easy to appreciate. guy P.S: Unless I'm missing something, the common, average grade British sovereign I mentioned is worth only a little above bullion despite its being an "Eliasberg coin that is rather old." :smile
It seems that the things that the op mentioned were things used by the tv guys to get more money for there coins. I did not know that if your collection was good enough, you could have your name on it as a pedegree, WOW
No, but I would have if it was still with its original photocertificate. I believe if your collection is good enough you can get your name on it as pedigree for FREE. If it isn't good enough you can still get it on there. . . . if you pay them for it.
