Are they dealers or collecters

daveyn

I just went to a local coin show , and found for the first time some registry members. I asked their board name to see if perhaps I've conversed with them on the boards at some time. They both told me they didn't have time for the board and directed me to their registry sets that were for sale as a set only. I now wonder how many of these sets are done by true collecters and how many may just be put together to make them more desireable at sale time.
I collect Franklins and have noticed some of the sets that used to be there have been pulled for some reason, and new high end sets just suddenly appear. I see now the top two sets are owned by the same person, all MS66 and MS67 Full bell. Thats a hefty peice of change to pop up all of the sudden.
I'm not saying there is anything wrong with any of this ,just want others thoughts.

Thanks
Daveyn

Steve27

I believe your observations are correct. These "registry members" are just using the registry as an opportunity to develop sales. As I have stated previously, I view the registry as a PCGS sales gimmick. These guys are just riding the hype.

WWBillman

This is a bad subject here. A war will brew soon if to many thought out comments are posted.

Beware.........

tompkins

I won't argue with you on this one, Bill (at least I don't think we'll disagree). While, on the one hand, I rather adamantly supported the right for one collector to have multiple registry sets of the same series, the operative word there was "collector". I don't think the registry is an appropriate vehicle for a dealer to advertise coins for sale. And I believe PCGS has also taken that position. So if a collector builds a registry set and then chooses to sell it, that is one thing; but this sounds like a dealer using the registry specifically for the purpose of publicizing his coins for sale. I don't think that is appropriate use of the registry.

Pete

Russ

I'd assume that, like all things in life, participants reasons vary. But, there are plenty of people building sets because it's fun and have no immediate plans for selling.

Russ, NCNE

relayer

One day the number one spots will be held by Microsoft, Coca-Cola, and McDonalds.

relayer

I view the registry as a PCGS sales gimmick. - Steve27

Sure it's a marketing strategy, but if PCGS slabbed coins are marketed as being better than other plastic holders, doesn't that help raise the value of a PCGS collection?

Steve27

relayer,

CU is forcing you to use their slabbing service in order to play their game (i.e. the registry). I see nothing in this which indicates that their plastic is superior.

DAM

Daveyn,

There have been many dealers that built sets and sold them prior to the Registry. As a collector the only thing that bites me about it is the availability and opportunity dealers have to get at the coins before I do. And at a significantly reduced price. Once the set is complete, they sell and (hopefully) make their profit. So I guess if you are both a dealer and a collector, you have the best of both worlds.

Pete,

Why should it matter if the sets are dealer or collector owned? Both have the same opportunity (except as I addressed to Daveyn above) to put the sets together. Besides, there's a ton of dealer activity on this forum, pushing coins for Registry use. Some are collectors too. Is there a difference?

DAM

DAM

Daveyn,

I forgot to respond to this:

I now wonder how many of these sets are done by true collecters and how many may just be put together to make them more desireable at sale time.

Depending on the set you're talking about, most complete sets being sold intact would be very, very, expensive. Depending on the grade of course. For this discussion I'm assuming a complete top 5 set. It would be nice to sell a set intact. But then where's the fun in that? Unless you're buying the set as an investment. Then you'd be more an investor than a collector.

As a collector I find it fun looking for the coins. It sounds boring to me to buy "sets". So, at least for me, someone making a set more desireable by selling it complete takes me out of the loop as a buyer.

Just my feelings.

merz2

I think their are both on the Registry.I'm quite sure in all the series you'll find both.I am in the top (5) and have no immediate intention of selling.

DRG

I am a collector!

Although recently I was called a "DEALER", by a dealer. Interestingly it sounded like he was trying to insult me. Almost like being called a "LAWYER"..

Anyhow, I don't think there is any way of stopping dealers from putting together sets, registering them and then selling them as the # whatever set. Afterall the new buyer will in fact be the owner of that # set. I don't think that kind of collecting is much fun. But on the other hand, when and if I decide to sell my set I hope there is a buyer out there that wants to buy it outright, and I wont mind if it commands a few extra bucks if it is still #1.

daveyn

daveyn

Sorry about the blank post, I was a little to quick with the button.
I don't mean to imply that there is anything wrong with a dealer being a collecter also, or haveing his own registry set. The first thing that came to my mind was , are these coins all owned by him or could they be consignments also. I know we had long discussions in the past about when you really own a coin and when should you add it to your set.
I personaly would make a bad dealer, I can't seem to give up any of the coins that I own, I guess everyone collects differently. If and when a set is completed, I just can't see how a person could sell it of after working so long and hard on it. I get a little doubtful when I see a set way up in the registry suddenly appear and just as suddenly go on sale.

I sure don't mean to offend any of the dealers or collecters on the board, just wanted to bring up some observations that struck me a little funny.

Daveyn

clackamas

I would like to see a set Bill Gates could put together. On the subject of dealers in the registry sets; WH has a very nice registry set in Lincolns and he is a dealer but also a collector, and I have no problem with this since his registry behavior seems to be to sell his extras and keep the cherries, fair enough. Many of us collectors in the registries are also dealers in some degree, I sell some of my extras and when I upgrade a coin I sometimes sell it as well. I also see nothing wrong with buying a set and making it yours. If I had the money I would be tempted to do so as well.

Strat

I suppose this all might boil down to how bad does one want to be #1 in any given set, or perhaps how much does someone want to be in the top five. My set of Washington proof quarters has just been registered, and if a wealthy individual or dealer wants to dominate that set, well I can't help that situation. However, if such a person builds a #1 set with the sole intent of selling it for a max profit, then I say good, get it off the list and be done with it. If the new owner wants to rule the roost for awhile, fine, sooner or later the set will become boring because it was not put together by that person. Their would be no investment of significant time involved, so when it sells again, it will again vanish from the current list, though it will remain one of the All Time Finest. My goal is to build the finest set I can, and if I fall short of the #1 or top 5 or All Time Finest, then so be it, at least the drive to be competitive will improve the look and grade of my set (I won't add an ugly coin, no matter what the grade). By the way, I have been a dealer for four years, and do sell duplicates and singles from my collection, but this particular set is my specialty, and I'm not assembling for promotional reasons.

quattrocoins

Congrats, John, on your set. Very nice!
I am especially envious of your '41 & '42! Nothin' like sweetly toned proofs!

In the spirit of this thread, I'm officially offering my second set for sale (I guess Mark's not interested).
I am a long-time collector, and have never been a dealer. So let's fog things a little more as to collector/dealer!!!

Anyone interested in any pieces from it can e-mail or PM.

Regards,

Don

To each their own, especially when registry sets are involved.

DCAM Washingtons, and

Typetone

I won't deal with a dealer who I know is registering a set. I want first crack at his best coins. I don't want him or her to keep them for themselves.

Greg

Strat

Thanks Don, pretty impressive set you have as well!

quattrocoins

>>>"I won't deal with a dealer who I know is registering a set. I want first crack at his best coins. I don't want him or her to keep them for themselves."<<<

Greg,

Does this mean that no dealer should ever register a set? This doesn't seem fair to me. What if the dealer's set had all top coins in his set, but he had others that weren't quite as nice, that nobody else had? If they were the best available, would you disqualify them just because the dealer had better in his own set? Seem you'd be cuttin' your nose to spite your face.

I'd be thrilled to own some of Mitch's 2nd best, whether he had a set registered or not! I feel Mitch does this out of courtesy to people like yourself. I'm more interested in what's out there. The more that are registered, the more we get to know that (be it below or above my set).

Regards,

Don