Catalogue Desciptions: "Registry Quality"

IGWT · February 19, 2007 1:58AM

Could any lot description be more meaningless than one that describes a coin as "registry quality" or "worthy of a top registry set"? What does a description like that say to you?

JoeLewis · February 19, 2007 2:03AM

Whenever I see, "Registry Quality," I assume it means the coins are graded MS70 or PR70DCAM.

mgoodm3 · February 19, 2007 2:05AM

Stupid money.

JoeLewis · February 19, 2007 2:09AM

<< Stupid money. >>

What do you mean? If a coin comes back MS69 you might as well throw it in the trash. MS70 is the only way to go!

numisma · February 19, 2007 2:15AM

<< Could any lot description be more meaningless than one that describes a coin as "registry quality" or "worthy of a top registry set"? What does a description like that say to you? >>

It means absolutely nothing to me.

Russ · February 19, 2007 2:20AM

<< What does a description like that say to you? >>

It says that auction houses recognize reality.

Russ, NCNE

IGWT · February 19, 2007 2:45AM

<< 

<< What does a description like that say to you? >>

It says that auction houses recognize reality. >>

The reality that Mark referred to in his post?

jmski52 · February 19, 2007 2:50AM

What does a description like that say to you?

It says, "I am playing an exclusive game that you can't play." (Only because I don't play that game.......................)

If I did play that game, I imagine my thought would be, "I am so discriminating that hardly anyone else can appreciate the nuances of what I do, and that is why I am so smart..........."

RYK · February 19, 2007 2:51AM

What does a description like that say to you?

It says that whatever coin they are talking about is not for me.

Russ · February 19, 2007 3:46AM

<< << What does a description like that say to you? >>

It says that auction houses recognize reality. >>

The reality that Mark referred to in his post? >>

The reality that some of their buyers have registry sets.

Russ, NCNE

ziggy29 · February 19, 2007 3:55AM

The perfect coin for someone willing to pay 10 times as much as they would pay for a similar coin slabbed as one grade lower.

etexmike · February 19, 2007 4:01AM

"Registry Quality" usually means that I can't afford the coin for my collection.

Probably wouldn't fit in with anything else that I have anyway.

-------------

etexmike

messydesk · February 19, 2007 4:07AM

"Registry Quality" means the cataloger is trolling for deep pocketed bidiots.
"Worthy of a top registry set" also says the cataloger was being paid by the word.
"Checklist Quality" is more the stuff that I buy.

Russ · February 19, 2007 4:17AM

<< "Registry Quality" usually means that I can't afford the coin for my collection. >>

Not so. I'm working on a PCGS AU58 Kennedy short set, and I'm averaging less than $7 a coin.

Russ, NCNE

Coxe · February 19, 2007 4:31AM

I will use "Registry Ready" for VAMs that have already been tagged with the variety. I do agree that there is absolutely no quality distinction to assume when "Registry Quality" is assigned. For classics, it pretty much is the same as the old among the finest known or condition census coin attributions in catalogue or inventory descriptions. Moderns? Just probably means it caught a random 70 on one of the top 2 TPG tags. In either case, it comes off as desperate to me though it probably is not usually.

ziggy29 · February 19, 2007 4:34AM

<< What does a description like that say to you? >>

It also says to me that the plastic companies have way too much clout and influence in the hobby.

Russ · February 19, 2007 4:36AM

<< Just probably means it caught a random 70 on one of the top 2 TPG tags. >>

There is a lot more to moderns then current issue bullion crap.

Russ, NCNE

Coxe · February 19, 2007 4:51AM

I agree. The real modern coins are kind of in a hybrid area. They are definitely not the crap of Mint direct bullion but they are minted in obscene quantities, meaning nobody can really say the vast majority have been seen by numismatic graders. Many clad dates are surely conditionally rare in high grades as business strikes nonetheless. They are just a different animal.

Doogy · February 19, 2007 5:02AM

<< 

<< << What does a description like that say to you? >>

It says that auction houses recognize reality. >>

The reality that Mark referred to in his post? >>

The reality that some of their buyers have registry sets.

Russ, NCNE >>

it is also an "in your face" marketing concept that the big auction houses use to drum up deep pocketed bidders.

Russ · February 19, 2007 5:04AM

<< it is also an "in your face" marketing concept that the big auction houses use to drum up deep pocketed bidders. >>

Welcome to Marketing 101.

Russ, NCNE

shirohniichan · February 19, 2007 5:24AM

<< 

<< What does a description like that say to you? >>

It also says to me that the plastic companies have way too much clout and influence in the hobby. >>

[chortle]

It also means that the slab shows the coin with the highest possible grade (no crackout artists need apply).

MrEureka · February 19, 2007 5:30AM

"Registry Quality" may not be a perfectly descriptive phrase, but it's clear enough that it is meant to be equivalent to other cataloging catchphrases like "worthy of the finest cabinet", "among the finest known" and (my favorite) "a gem of the first water".

Myqqy · February 19, 2007 5:36AM

To me, it usually means that the coin being discussed isn't going to be a good value....

19Lyds · February 19, 2007 5:38AM

<< 

<< "Registry Quality" usually means that I can't afford the coin for my collection. >>

Not so. I'm working on a PCGS AU58 Kennedy short set, and I'm averaging less than $7 a coin.

Russ, NCNE >>

So Russ, an AU-58 coin would be "Registry Quality" for you then.

So much for the whining and cynicism about overgraded overpriced slabs.

It would be nice to actually have some informative threads instead of all this whining and complaining.

Russ · February 19, 2007 5:40AM

<< To me, it usually means that the coin being discussed isn't going to be a good value.... >>

Really? A 1964 PCGS PR69DCAM Kennedy is "registry quality". Three years ago they brought half of what they do today. And, there are plenty more examples that have seen similar upward movement.

Russ, NCNE

Zoins · February 19, 2007 5:41AM

Wasn't "Registry Quailty" coined by a forum member here? It should have been trademarked! Imagine the royalties

jmski52 · February 19, 2007 5:42AM

I have a PR-70 DCAM 1993-P Silver Eagle if anyone is interested. I dunno if it's Registry Quality or not - depends on you, I guess.

IGWT · February 19, 2007 5:52AM

-- "and (my favorite) 'a gem of the first water.'"

I've never heard that one before. "Water" instead of "order"? Am I missing some literary or religious allusion here? And, by the way, I have a wallet full of appreciation.

tradedollarnut · February 19, 2007 5:58AM

<< -- "and (my favorite) 'a gem of the first water.'"

I've never heard that one before. "Water" instead of "order"? Am I missing some literary or religious allusion here? And, by the way, I have a wallet full of appreciation.

>>

fleur de coin!

ziggy29 · February 19, 2007 5:59AM

<< "Registry Quality" may not be a perfectly descriptive phrase, but it's clear enough that it is meant to be equivalent to other cataloging catchphrases like "worthy of the finest cabinet", "among the finest known" and (my favorite) "a gem of the first water". >>

I dunno, Andy. To me, bringing the registry into it indicates a coin that would appeal more to people looking for a specific number in a plastic slab than the finest coin, or people looking for the finest examples in appealing 'collector grades' (meaning the grade at which any numerical bumps will cause exponential rises in price).

MrEureka · February 19, 2007 5:59AM

I've never heard that one before. "Water" instead of "order"?

My understanding is that it is a phrase borrowed from gemology. However, I only learned that today. For the last 30 years, I thought the catalogers were smoking too much weed.

Myqqy · February 19, 2007 6:04AM

To me, it usually means that the coin being discussed isn't going to be a good value....
Really? A 1964 PCGS PR69DCAM Kennedy is "registry quality". Three years ago they brought half of what they do today. And, there are plenty more examples that have seen similar upward movement

I'm sure you can find examples of high graded items increasing in value- that wasn't really my point. I was referring more to "optimal collecting grades", where you get comparable eye appeal without spending multiples for the next grade up...

Russ · February 19, 2007 6:11AM

<< I was referring more to "optimal collecting grades", where you get comparable eye appeal without spending multiples for the next grade up... >>

And, those optimal collecting grades may, or may not, be a good value. The generally accepted definition of "good value" is getting your money's worth. Thus to unilaterally pan - as you did - registry quality coins as not being a good value is fallacious in the face of the evidence that many are, indeed, a good value and may even be a spectacular value.

Russ, NCNE

Catalogue Desciptions: "Registry Quality"

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Catalogue Desciptions: &quot;Registry Quality&quot;

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Catalogue Desciptions: "Registry Quality"