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Another Phantom Set thread

Anyone know when or if the Phantom Setsare going to be removed?

I believe the Registry is turning the corner where the application of rules must apply not only to the Registry members, but to PCGS itself.

I've seen discussion about this before. I haven't seen if, or when, PCGS is planning on removing these sets. Perhaps I missed it. If PCGS isn't planning on removing the Phantom Sets, I have a suggestion how the sets could remain in the Registry, and at the same time, how to remove them from the All-Time Finest and Current Finest lists.

I purpose the following:

1. For a coin to be registered it must be graded by PCGS. That's the rule. Not mine, PCGS's.

2. Therefore, for a Phantom Set to be included in the All-Time or Current Finest list it must be graded entirely by PCGS. (Just as our sets must be). If it's not, it cannot be listed. (Just like the rest of us).

3. If a Phantom Set is raw or has coins graded by another grading service, it cannot be listed. Tradedollarnut can't list his NGC coin. I can't list mine. You can't list yours.

4. If PCGS chooses to recoginize an extraordinary set, as defined in 3, a seperate section will be created, outside the current All-Time and Current Finest listings. Example; Louis Eliasberg, Sr. has a (he has them all!) Proof Liberty Nickel set. That set and others like his will be listed in a section with the heading, for example, Historical Significance, or Numismatic Treasures, or etc, etc, etc. Whatever PCGS determines the section heading to be. Not effecting existing sets rankings.

I've got a Set Registry booklet dated 1997 (stapled sheet version). In it are numerous Phanton Sets. At the time there was a Phanton Set in the Two Cent Set in the number 1 position. Somewhere between then and the 2001 Set Registry booklet, it was removed. I remember calling about it. I inquired about the set and asked why no information was given about it. The person I talked to said in some cases they didn't have information other than what came from a dealer, or dealers who had seen the coins. With that information estimated grades where given, to establish estimated grade point totals for the sets. While other sets received no grade point totals. Some, in fact many of the sets, were raw. This can be seen in the Large Cent listings. I think it was because the Registry was new and PCGS was trying to add filer.
Just my opinion.

I think most of these sets, if not all, should be listed. This is part of our numismatic history and they should be preserved. How to best do it is the question.

So, what do you think?

DAM
Dan

Comments

  • dbldie55dbldie55 Posts: 7,731 ✭✭✭✭✭
    Okay, Okay I agree ( I really do!) How can you not have the finest all time set when the "missing" coin in your set is the exact same coin being counted in the set ahead of you (but has never been in a PCGS holder)?
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    An alternate, in certain instances like mine, would be to enter the estimated grade for the coin into my set as well. Of course, from PCGS's point of view this doesn't have the desired effect of getting the coin into a PCGS holder. But it does remove the inequity of being second solely because one coin is estimated and the other ineligible - even tho they are the exact same coin!

    But in the long run does it really matter? I know, and most collectors know, that I have that coin - so it is pretty well accepted that my set is the finest all time - not just finest PCGS graded but finest period. (Accepted by everyone that really matters to me, anyway)! image Anyone else with a set in the same situation hopefully feels the same!
  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    I dont see how they can include sets like bass and what not that have
    already sold and are in hundreds of different sets. This is as appealing
    to me as renting verification numbers.
    image

    Go BIG or GO HOME. ©Bill
  • Trying not to step on any toes I must agree. Once a set is broken up and/or sold it is "not" a complete set in the hands of the owner. The individual coins are scattered through out the coin collecting community; where they should and could be entered in other registry sets. I think a set you built a while ago and got recognition for is a moot point on the ATF list. You had your hay-day.......let the active in-hand sets be the bench mark. Well.....that's about as tough as I can talk on a Sunday morning........

    Enjoy your coins......I do



    NICKEL TRIUMPH 750....EARLY PROOF JEFFERSONS....#10 AND HOLDING
    NICKEL TRIUMPH...
  • BearBear Posts: 18,953 ✭✭✭
    GQ - If you step on toes ,you do it with grace and discretion and tact. Just think how good you will get by your 12,000th post. Bear
    There once was a place called
    Camelotimage
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    PCGS is wanting to show the finest of all time - they are using auction notes and expert opinions on estimated grades for many of the absolute finest collections. In theory, there's nothing wrong with this. In practice, it gets a little tough. Often experts disagree about what the grade or cameo designation would be for certain coins. Without them actually being in a PCGS holder, it gets rather difficult. It seems to me that PCGS should go out of their way to err on the conservative side for these estimated Phantom Sets. That way, if there is a disagreement, the current set gets the benefit of the doubt. After all, it's the one with all the actually holdered coins! image
  • BearBear Posts: 18,953 ✭✭✭
    Dam - I read your comment and all I can say is "Dam your good". Bear
    There once was a place called
    Camelotimage
  • DAMDAM Posts: 2,410 ✭✭
    Bear,

    Does that mean I don't have to have cereal for breakfast tomorrow?
    Dan
  • BearBear Posts: 18,953 ✭✭✭
    Dam - You can have a bear claw, with my complements , for breakfast. Bear
    There once was a place called
    Camelotimage
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    Eeewwww! image
  • BearBear Posts: 18,953 ✭✭✭
    Tradedollarnut - No need to go airsick. A bearclaw is a wonderful piece of pastry not a piece of my paw. Just what kind of bear do you think I am? A highly insulted bear image
    There once was a place called
    Camelotimage
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