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Claiming ownership of a coin without having it?

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  • PwrHseProPwrHsePro Posts: 208 ✭✭✭✭

    I just sold the last of the coins that I wanted to sell. I marked them as sold in the registry... does that automatically release the certification number for the buyer, or is there something else that I need to do?

    I mainly collect raw Ancients, PCGS Mercury Dimes, and raw CSA'S... but have misc other sets...Jeffhttps://www.pcgs.com/setregistry/mysetregistry/set/215647https://www.pcgs.com/setregistry/mysetregistry/showcase/8378

  • Tom147Tom147 Posts: 1,484 ✭✭✭✭✭

    I believe you need to go to your inventory, find that coin check the box for remove then go to the top of your inventory page and click remove. At least that's what I do.

  • PwrHseProPwrHsePro Posts: 208 ✭✭✭✭
    edited March 16, 2021 5:36AM

    I was hoping for a way to release them if the new owners want them in the Registry, but still somehow keep them listed in mine for historical records

    I mainly collect raw Ancients, PCGS Mercury Dimes, and raw CSA'S... but have misc other sets...Jeffhttps://www.pcgs.com/setregistry/mysetregistry/set/215647https://www.pcgs.com/setregistry/mysetregistry/showcase/8378

  • GoldminersGoldminers Posts: 4,098 ✭✭✭✭✭

    @PwrHsePro said:
    I was hoping for a way to release them if the new owners want them in the Registry, but still somehow keep them listed in mine for historical records

    If you have them marked as sold, they are released. Just check a certificate number of what you sold, and it will not be in a set and so is available for the new owner. The records will still be available in your sold items in the Registry Inventory selection.

    No need to delete it. It is important to have records of what you bought and sold, and the registry works well for that.

  • Tom147Tom147 Posts: 1,484 ✭✭✭✭✭

    Goldminers, thank you sir. I stand corrected and I'm always learning.

  • WAYNEASWAYNEAS Posts: 6,787 ✭✭✭✭✭

    @Goldminers said:
    Have you considered the person who owned the coins may have died and their heirs don't know much except to sell the coins. I am aware that this has happened in the last year. I have tried to put instructions in my files, but with 2,500 plus coins in the registry, and a lot of top sets, I don't have any idea what might happen, when I no longer can follow the rules.

    "I see dead people" :)
    Wayne :)

    Kennedys are my quest...

  • PwrHseProPwrHsePro Posts: 208 ✭✭✭✭

    I thought that if you make a request to have a seller release a purchase, and they don't, the buyer can report it and after X amount of time if the seller does not comply, PCGS releases it?

    There may be more steps... but isn't that the jist of it?

    I mainly collect raw Ancients, PCGS Mercury Dimes, and raw CSA'S... but have misc other sets...Jeffhttps://www.pcgs.com/setregistry/mysetregistry/set/215647https://www.pcgs.com/setregistry/mysetregistry/showcase/8378

  • Tom147Tom147 Posts: 1,484 ✭✭✭✭✭

    @PwrHsePro said:
    I thought that if you make a request to have a seller release a purchase, and they don't, the buyer can report it and after X amount of time if the seller does not comply, PCGS releases it?

    This is true, after 3 business days with no release by the seller, you must take a dated picture of the obverse and reverse and email the Registry. Usually released that day.

  • GoldminersGoldminers Posts: 4,098 ✭✭✭✭✭

    Good thing we don't still have film cameras.

  • GoldminersGoldminers Posts: 4,098 ✭✭✭✭✭

    @WAYNEAS said:

    @Goldminers said:
    Have you considered the person who owned the coins may have died and their heirs don't know much except to sell the coins. I am aware that this has happened in the last year. I have tried to put instructions in my files, but with 2,500 plus coins in the registry, and a lot of top sets, I don't have any idea what might happen, when I no longer can follow the rules.

    "I see dead people" :)
    Wayne :)

    Do you work in a mortuary?

  • WAYNEASWAYNEAS Posts: 6,787 ✭✭✭✭✭

    @Goldminers said:

    @WAYNEAS said:

    @Goldminers said:
    Have you considered the person who owned the coins may have died and their heirs don't know much except to sell the coins. I am aware that this has happened in the last year. I have tried to put instructions in my files, but with 2,500 plus coins in the registry, and a lot of top sets, I don't have any idea what might happen, when I no longer can follow the rules.

    "I see dead people" :)
    Wayne :)

    Do you work in a mortuary?

    No. It is a quote from the movie "The Sixth Sense" spoken by Haley Joel Osment.
    >
    In regards to your statement "I don't have any idea what might happen, when I no longer can follow the rules", this is where after failing numerous requests to release coins from your inventory, the Registry will do so on all of your inventory and coins in your sets. That is if they follow their own rules. lol :)
    Wayne :)

    Kennedys are my quest...

  • Tom147Tom147 Posts: 1,484 ✭✭✭✭✭

    Yea WAYNEAS, good luck with that. This is the only problem I have with the registry. Somewhere around 75 coins over the last couple years that I have had to go through the complete process. Registry has yet to remove anyone's set.

  • JonJetJonJet Posts: 524 ✭✭✭

    Worst part of the Request Removal...is having to upload 2 pictures (front and back) - You cannot select them one at a time and must create a single file with both pictures and upload that or the system gives an error

    My 1957-2022 Proof Set Collection Has Been Sold

  • TomBTomB Posts: 21,342 ✭✭✭✭✭

    I don't know if this has been addressed in this thread or not, but I noticed last night that coins in the new NFC chip holders can be added to a registry set by pinging the chip and they are removed automatically from the previous owner's set(s). It appears that there is an option called "locking" that allows an owner of a coin to disable that automatic feature, but I believe after three-days they are auto-removed.

    I realize this only applies to a small sliver of coins, but I imagine over time that sliver will increase in size.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • WAYNEASWAYNEAS Posts: 6,787 ✭✭✭✭✭

    @JonJet said:
    Worst part of the Request Removal...is having to upload 2 pictures (front and back) - You cannot select them one at a time and must create a single file with both pictures and upload that or the system gives an error

    I take pictures so I can add them to my Albums and sets. This started many years ago and having to send pics in to get them released surly was one of the reasons that I started doing this. For those who do not take pictures, it is a pain.
    Wayne :)

    Kennedys are my quest...

  • JonJetJonJet Posts: 524 ✭✭✭

    Had a bit of intrigue today...a response from a eBay seller who decided to "blackout" the cert number on the listed coin due to having multiple items...

    When I messaged asked for a cert number to determine the set upgrade if I bought one...the response was not the cert number...but a purposely devised reply designed to circumvent eBay's messaging rules

    "message me"

    [name][number]

    y
    a
    h
    o
    o

    A blatant attempt to encourage Me to contact them outside of eBay - and a likely request to keep eBay from getting a fee from the sale

    Reported to eBay??? Damn Straight Skippy !!

    My 1957-2022 Proof Set Collection Has Been Sold

  • csdotcsdot Posts: 694 ✭✭✭✭
    edited March 29, 2021 4:24PM

    @TomB said:
    Therefore, if I have a coin blocked for the registry then that block stays in place until I hear > from the client that the coin arrived safely and that they are satisfied with it.

    What does "blocked for the registry" mean?

  • When a coin is sold or auctioned off as a common courtesy it should be released. Money did trade hands and if thinking of holding onto the sold item for reason known only to the previous owner is that important then you're in the wrong business. Timing is everything when you are building up a respectable collection or set. Sometimes when money is spent its greatly appreciated when one sees their efforts pay off.

  • JonJetJonJet Posts: 524 ✭✭✭

    @coinman1889 said:
    When a coin is sold or auctioned off as a common courtesy it should be released. Money did trade hands and if thinking of holding onto the sold item for reason known only to the previous owner is that important then you're in the wrong business. Timing is everything when you are building up a respectable collection or set. Sometimes when money is spent its greatly appreciated when one sees their efforts pay off.

    The courtesy You request doesn't mean much when the Set Registry Member has passed or is otherwise unable to manage the Inventory...but there is a way to completely avoid it ever happening to You again

    ONLY purchase NFC-enabled coins...then scan the chip using Your cellphone and it is added instantly-removing it from any previous owner Inventory automatically

    It would not surprise Me if NFC-chip holders become the norm...and at some point every coin will need to re-holdered into an NFC slab

    But that day is not likely for several generations

    Alternatively...the 3-day wait is only critical in the days before Annual Awards close on June 30

    Anything sooner is little more than a ego-boost

    My 1957-2022 Proof Set Collection Has Been Sold

  • kruegerkrueger Posts: 867 ✭✭✭

    I have heard guys brag they have registry sets of COIN NUMBERS they stole off of slabs at shows or online.
    usually coins that are not highly sought after. ie modern Lincoln sets.
    I wonder how prevalent this is?
    I always black out my slab numbers when showing my coins photos.

  • Tom147Tom147 Posts: 1,484 ✭✭✭✭✭

    I don't see how that will work if the slab is already in a Registry set.

  • JonJetJonJet Posts: 524 ✭✭✭

    When I list a coin for sale...it's cert is in My Inventory

    When it sells...I remove it

    Never before - seldom after - but occasionally I will wait to see if a Removal Request comes from the Buyer

    Every website has the ability to provide the IP address/machine code for every viewer...

    And criminals nearly always return to the scene of the crime - even if only electronically

    At the end of the day...Karma is a B**ch

    My 1957-2022 Proof Set Collection Has Been Sold

  • JonJetJonJet Posts: 524 ✭✭✭

    @krueger said:
    I have heard guys brag they have registry sets of COIN NUMBERS they stole off of slabs at shows or online.
    usually coins that are not highly sought after. ie modern Lincoln sets.
    I wonder how prevalent this is?
    I always black out my slab numbers when showing my coins photos.

    Don't You keep Your coins in Your Inventory until You sell them?

    If You do...there is no "stealing the cert" option that will result in the coin becoming part of another set

    Once You sell it...the cert belongs to the buyer and You can release it from Your Inventory

    Personally...I have passed by many coins I've needed on eBay for the very same reason You use to "protect Your cert"

    And if You have not reported "guys brag they have registry sets" then You are aiding and abetting criminal activity

    The system works...You just need to understand how to use it to protect Your coins

    If the Buyer is a member of Set Registry...have them send You an email with a screenshot of the Release Request so You can verify it's from the Buyer - and release the cert to them

    Pictures of the coin "in Buyers hand" with dated newspaper will also prove the Buyer's Release Request is legit

    The most common victims are actually Dealers and Show Sellers who do not maintain an Inventory of the coins they sell - and the theft occurs easily because They don't need to protect themselves once the coin is sold - The dealers put the responsibility of certification proof onto the Buyer to perform the Release Request/Proof Of Ownership

    Your Blackout Method simply avoids a possible Buyer from determining if the coin will upgrade their Set Registry - and in My case - You'd instantly lose the possibility of a sale

    My 1957-2022 Proof Set Collection Has Been Sold

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