Is the Registry hype starting to fizzle?

oldcameoproofsguy

I can hear crickets chirping on the Registry forums these days. There are maybe four or five posts a day now. Does this mean people are going to start collecting like they did in the old days, because they like collecting and not because of some enormous competition?

Are you getting tired of seeing dealers pushing the Registry just to sell coins?

I know I should post this in the Registry forum, but I don't think anyone is over there any more.

Placid

What is this registry thing?

Dog97

I hope so because I would like to be able to buy coins without competition from someone desperate for a coin in a certian grade to top out a set. They run the price up on eBay and snatch them from dealers websites before I even have a chance to find them.

stman

Well, now that you ask I feel people should collect what they like and if they like the competition than so be it. But if a person is part way through a very expensive set and then figures out it's not for them, than they should just collect for the enjoyment of it. Even if that means not buying the same coins of a set or maybe not the same look of the set they were collecting if their taste has changed.

As far as the hype from dealers, yes I sometimes get tired of seeing a seller stating top pop coins that sometimes imo are ugly but some people don't care just as long as they are number one. Which is fine with me but I just hate seeing some people get taken to the cleaners on all this IMO.

RegistryCoin

I think that there are a few posters ready to pounce on anything "registry", therefore, there is a hesitance to post there. I have seen, lately, many posts on the coin forum that should clearly be in the registry forum, or more often, be in the open forum. It just seems that all has flowed into the coin forum.
I think there is a "good" in all this. There may have been too much of a distinction between "coin talk" and "reg. talk". I has become one, lately. I think this is good. We are all the same here, just collectors. If you want to feel special, go to the ngc forum, and tout your own agenda, and shun all others.... Talk about fizzle...
Have fun.

dorkkarl

heck no, the registry is the greatest thing since, uh, well since slabed coins!

K S

BNE

As far as the "registry set" forum goes, I think maybe it's just as much a matter of registry-set players posting here, rather than there. Query whether there ought to be two separate boards at all. Certainly plenty of registry issues are discussed here (and I don't have any problem with that).

As far as whether the registry itself is starting to fizzle, there is an interesting problem in that increasing numbers of registry coins are getting "locked up" in sets, making advancement into the top ranks an increasingly difficult challenge. At some point, especially given PCGS' tightness right now, there is a danger that the field of players becomes narrower, and rank more static.

nwcs

The hype is old, but I still enjoy the registry.

Russ

It hasn't started to fizzle as far as new sets being registered. Pace seems to be about the same. Two more new ones in proof Kennedy's this week, now up to 79 current. AARRGGHHH!!!! More competition!

Russ, NCNE

dbldie55

All you have to do is look at the history of why the registry board was created. It happened right after a board member was selling a registry set of coins and wanted to list it on the coin forum. He ran a poll to see if he should be allowed to sell coins on the coin forum (and the poll said he should). Carol stepped in and said that the rules are the rules period. He then suggested this new board to discuss "registry" issues, and more importantly be allowed to sell coins. It seems this has now died down, and we are really back to one board for US coins.

gmarguli

The coin market is dead. The only people saying it is on fire are the fiction writers that write for the PCGS newsletter. It is only natural that when the market slows down, so does the registry and its hype.

DCAMFranklin

Personally, I think the Registry impact will be an ebb and flow. As new sets step in and displace some collectors, then they will begin to upgrade again. I truly believe there will be some series where a collector will find him/herself in say the #6 spot and 3 months later find themselves occupying the #25 spot. They, and those with similar sets, will suddenly get serious about upgrading causing some price pressure.

In the modern sets, lets say the Silver Eagles, I look to see the number of Registry sets expand substantially in the next 2 years. The vast majority of the sets with 100% MS/PR69 coins. When PCGS finds the number sufficient, they will suddenly, "miraculously" find the hidden 70's again and the mad rush will be on! Will I be surprised to find that only the "loyal", consistent bulk submission (large fees) dealers receive the new wave of 70 coins? Ummm....probably not.

wondercoin

Over the past couple weeks, the Coin Dr. threads on the "big board" have taken all attention away from the Registry Board (as expected). Not to mention, the deparature of Braddick for a week, who is a frequent poster to the Registry Board (and his posts are missed).

Also, it is sort of a "quiet period" over there, as BJ finalizes which sets will be exhibited (in "Showdowns") at which major shows.

And, on top of that, there are the points raised in Registrycoin's comment. And, in some areas, Greg's comment is "right on" as well.

Finally, PCGS' tight-mode of grading of late has left many submitteres with few coins to offer for sale in the way of ultra high grade pieces. And, when they do come in, they can be sold without a post anymore to the boards, as many collectors and dealers now know just where to go to offer/sell the coins quickly.

For example, I bought (2) "top 3" complete Registry sets this week (for sizeable sums of money) in the popular Wash quarter and Jefferson Nickel areas of the market from forum members. No special threads were produced to focus on these sales or purchases of top sets on the Registry boards.

Wondercoin.

dorkkarl

man, those coin doctors got their hands in everything, don't they?

K S

MJCoin

I believe the hype is starting to die down, but in my opinion the popularity of the PCGS Registry is still very much alive and well. Ask anyone of the several forum members that are trying to upgrade the coins in their registry sets.
What I see happening with the Registry Forum is a short supply of registry material. When a high caliber coin, such as the MS68 1999-P Pennsylvania Quarter that showed up on the forum today appears, you can count on very spirited interest, because these low pop coins are very much, and rightfully so sought after.

RotatedRainbows

I can hear crickets chirping on the Registry forums these days. There are maybe four or five posts a day now. Does this mean people are going to start collecting like they did in the old days, because they like collecting and not because of some enormous competition?

Don't you read your PCGS newsletter?? The hottest part of the entire coin market is registry set coins and the most popular coin message board on the entire Internet is the Registry set message board. Now I hope this clears up any confusing that some people may have.

Outhaul

I echo Dog's feelings. WAAAAAAY too much hype on the registry. I can't wait until all this registry crap loses steam. Maybe then I'll be able to pick up some of the coins I need without going head-to-head with some stark raving lunatic trying to be #1 at any cost...stinks like #2 if you ask me.

Cheers,

Bob

cladking

There has always been competition for the best. The registries have simply formalized and
made this competition more transparent.

lordmarcovan

I did see some tumbleweeds rolling by on the Registry forum last night.

Fairlaneman

Its Dead, We were Fools.

keets

There has always been competition for the best. The registries have simply formalized and made this competition more transparent.

hey sam

nice way to make things clear. all the registry has really done is cast light on who's buying and who's selling. before i became involved, really before i even knew about the forums, i was losing auctions to registry participants. guys like sp, nickelcollector, carlwohlforth, solid and billywls come to mind. and that's just jefferson auctions on eBay which were my main focus for quite a while. i learned early on the truth of "he who hesitates is lost" because i'd see a coin at a site or in a newsletter and when i'd inquire about it a week later it'd be gone!! fast forward a year later when i came to the registry and the forum. all those guys and the coins i missed were waiting for me!!

i don't doubt that people were doing much the same thing prior to the registry as i don't doubt that the registry has juiced things up a bit. any appearance of things slowing down is probably less on both sides of the supply and demand equation. i simply REFUSE to be bled. i don't seek the same coins as i did a year ago, now i tend to watch them more so i'm ready when the prices start down, as i think they will. my coin dollar just gets spent somewhere else where it buys more. i don't think i'm a genuis thinking like that. i feel many others are doing the same, waiting or at least being more selective. and as more registry sets are completed i think two things will happen; coins will become available as upgrades are found and sets will be sold as interest wanes. both of those factors work in my favor. i can be very patient!!

al h.