Where are all the nice coins ???

Zerbe

I can't be the only one finding it impossible to locate "Registry Coins." I just received the Bowers And Merena auction catalogue for the upcoming Baltimore Sale, and there must be 4000 to 6000 coins listed, but none that would fit into any of my Registry Sets.
Are people holding on to the low pop, choice coins, because they expect a huge price increase in the market soon, or are these coins going into the hundreds, maybe thousands, of sets that are not registered in the Set Registries. Every major auction this year set records, with people bidding way above "Trends", but as the inventory of high grade coins gets lower and lower, I have to believe that a large percentage of people are just holding their coins longer. Any thoughts as to what would break this dry spell ??? Zerbe.

sonofagunk

well if you do bid on their coins, watch out for the "internet fee".

If there is a tie on bidding of internet bids and any other bids (including phone and mail), the winning bid goes to the NON nternet bidder. So for you to win on the internet, you have to be willing to pay one bid increment HIGHER then what you would pay any other way (so it costs more to win the same coin, thus I call it a FEE)

DAM

Zerbe,

I brought this same point up in a previous thread. I've been seeing the same thing happening. I noticed looking at dealer inventories, in ads and on web sites, fewer PCGS coins were represented than they were say 1- 2 years ago.

Linda from Legend said she thought it was due in part to collectors using NGC more, adding more NGC coins to the market. That and the fact that a few hundred thousand PCGS coins are in Registry sets, represents a large number of PCGS coins not available to the collecting community.

The question is... Would you have started collecting some of the sets, (bought some of the coins to include in Registry sets you didn't have previous to the Registry), if PCGS didn't have the Registry? My answer is no.

I believe building Registry sets has removed PCGS coins from the market at a must faster rate, proportionally, than they were before the Registry. Because, you "have to" use PCGS coins in the PCGS Registry. If that theory holds true, NGC coins shouldn't experience the same availability pressure because you can use NGC and PCGS to build their Registry sets.

Just my opinion.

Zerbe

Dam,

You bring up a good point. PCGS coins are used in TWO Registries, thus a lower amount of PCGS coins are available.
BUT............., The Pcgs coins I am looking for, are in neither Registry.
These are not POP 1 coins, but they are low pops. I still think there is a tremendous amount of of Registry quality sets out there, that are not registered. One of the best points about the Registry, is that you know where your potential upgrades are, in the sets either, above or below you, so, if the set that coin resides in, goes up for auction, or sale, you can go after it. Zerbe

DAM

Zerbe,

I agree. We'll never see all the "great" set here. Too bad!

Typetone

Zerbe:

I absolutely agree. Better PCGS coins are getting difficult, especially high quality common-date type pieces. Two examples in my case. One, I am looking for an MS66RD 20th century IHC. There are plenty graded. You would think you could call any major dealer and order a few. Yet, no one has one including Eagle and Angel Dee. Example two, I am looking for a common date type 2 SLQ 1917 to 1924 in PCGS MS66FH. Impossible to find, even from Cline. Yet, there are plenty of scare dates available in the date-range everywhere. Example three (I know I said only 2 examples), are 20th Century mint state Barber pieces in MS65 and better. And, don't even get me started on Matte Proof Buffalos. So, I sense that type collectors are grabbing type pieces at an unprecedented rate, and that 20th century is where the action is.

Greg

DAM

Greg,

Hmm...., seems where looking for some of the same coins. Want to share a 20th Century Type Set?

I've been looking for a nice IHC and Barber coins for months. I have been able to find other coins I want, my Type Sets sitting for now.

michael

if by nice you mean great coins then most are in strong hands that do not need the money and also why sell a great coin?? you sell it and waht do you replace it with? stock market money market another great coin? well if you have a really good great coin hi grade low pop then keep it!!

especially if you are a collector and do not need the money

i am sure that many great coins woulds copme out of their hiding places

BUT ALL THE JACKASSES OUT THERE TRYING TO BUY AT SHOWS WHIP OUT A GREYSHEET AND OFFER YOU BID OR DO YOU A FAVOR AND OFFER YOU 10% OVER BID.......LOL HEY GUYS GET A LIFE!!!!!!!!!!! I WILL BUY THE SAME GREAT COINS AT LOTS MORE OVER BID...........LOL

so the moral to the story is that great coins are in strong hands and most will not pay for them!! and by pay i mean a fair price and great coins cant be bought a sheet levels............. well not what i consider great...........lol

if you want coins then try to buy them at sheet prices then call the sheets maybe the sheets have some to sell you............lol

sincerely michael

Zerbe

Michael,

When I say "nice" or "Great" coin, I don't mean, as in a MS68 $5 Indian. I have been looking for Proof Barber halves, (above PR66), for years. OR PR Morgan dollars above PR66, or a low pop $2.5 Indian in MS66, or a low pop MS 67 Lib $2.5, and so on. These coins can not be found ANYWHERE. I am referring to PCGS coins. I can find some of the above in NGC, but I still am trying to keep my sets in one service. Guess I will just have to be patient, they have to show up eventually.
Zerbe

CommemDude

There is no doubt that the Registry and the ability to show off your set publicly is driving a lot of collectors to accumulate and hold coins for their sets, including some marginal coins that would be passed up if there weren't that nagging slot to fill on the Registry. Certain fairly common PCGS commems have disappeared from dealers inventories and Ebay; it's tough to find any date Washington-Carver in 66 but there are many NGC examples out there going begging. And with a small but determined group chasing the very low pop coins, it is now impossible to find these anywhere but in auction.