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Community Voice Responses (Aug. 1, 2017)

From the July 7 Numismatic News E-Newsletter:

Are coin auction pedigrees important to you?

Here are some answers sent from our e-newsletter readers to Editor Dave Harper.

 

Dumb question: What is a coin pedigree?

Name withheld

Editor’s note: Records are kept of who owned important coins, when and how they sold and at what price.

 

I’m not sure if I totally grasp the question. If you’re talking about “the pedigree” being that a coin was sold at a particular auction by one of the large and prestigious auction houses, the answer would be no. Conversely, if you’re talking about a particular coin being offered at an auction that has been attributed to a particular individual or collection; then my answer is maybe. However, there have been major collections put together by well-known individuals where not all the coins were “notable” and where far better examples were on the market without a pedigree. So my suggestion is that one should buy the coin, not the pedigree. Hmm, this sounds familiar …

While it might be neat to own something with a pedigree for pure bragging rights, I am not so inclined.

Name withheld

 

No. But sometimes I wonder if these coins are purchased by collectors or by investors.

Mort Fine
New Jersey

 

No. If I was a big-time collector trying to build a high-end set they would be, but I am not so that is not a really important factor to me.

Larry Hamm
Tucson, Ariz.

 

It depends on your point of view (obviously). With the reputable companies like Heritage, Kagin’s, Stack’s Bowers Galleries and other well-knowns, you generally know what you’re getting and that they have their names to uphold. Me, personally? Yes.

Ken Kassen
Shawnee, Kan.

 

My reply is, “No.” Sorry, no Mr. Trump here, I am just a middle to upper-middle class 73-year-old who loves to collect what he likes and can afford in the areas of coin and paper money. I have several nice sets that have been put together over many years, but no auction pedigrees.

Johnny Trigg, Ret Major USAF
Mary Esther, Fla.

 

This article was originally printed in Numismatic News. >> Subscribe today.

 

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