Pro Set Registry vs. Anti Set Registry
STEWARTBLAYNUMIS
Posts: 2,697 ✭✭✭✭
I just love when Set Registry participants say they don't care about the set registry and their standings in the set registry.Then there is a coin in a major auction that comes up and a record price is paid because the person who flames the PCGS Set Registry buys the coin to try and go into first place.I have just experienced this blatently as the Anti-Set Registry participant "bragged" how they would outbid me.What do you think and has anyone else experienced any of these hypocrits.
Stewart
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Comments
You and I have seen this before.Most like to be known as #1 in something.Coin collectors are no different.There are some who don't have the money,and others that don't want the hassle.As for myself,I don't have the money.I have some success with submissions.That is the only reason I'm even in the top (5).
Registry 1909-1958 Proof Lincolns
Is your example some who registers their coins? I imagine there are folks out there trying to put together best sets that don't care to register their coins and/or don't like the registry...
Ken
I am neither pro- nor anti- Set Registry participant. I once participated here, but have since moved my sets across the street because my sets (Early, Seated, Trade Dollars) are too hard to pursue in just one holder.
I am mostly indifferent to the Set Registry. I think it's kinda fun, and certainly see the attraction it has for most others. But, for me, it's no big deal. I had to be convinced by a friend to register my sets.
Regards,
Linda's Daddy
God bless our troops
If someone doesn't want to participate, and they think it is dumb, why do they keep insulting the people whom are building these sets? What is the point? If you don't like it--why say anything. Maybe if you don't understand, you don't understand collecting.
As for the people who knock it and then go out and bid on the top coins to add to their sets--I'm confused? Why knock it and then participate? Are these people knocking it only for the competition, so others won't bid on the coins they need? I guess I have more questions than answers.
Anyway, there are a great group of people on these board, we all don't agree. but that is what makes our country so great--we have the right to say our minds without being oppressed, repressed or suppressed.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
Now why would others do what stew talked about?
(1) Paranoia
(2) Competitive strategy..knock the concept down and then beat others to the wanted coin while others let their guard down
(3) Symptom of being bi-polar
(4) Symptom of being schizoid
(5) Symptom of being a prankster
(6) Buying the coin for someone else
(7) The buyer had a bad spat with his spouse or friends or family and is taking it out on his coin collecting friends
(8) etc.
The registry is just fun. It hasn't changed my goals all that much that I set in 1995 when I got back into coins. It's just something that came along and is fun to participate in.
The only thing I don't like about it is the fact it's driving the prices higher, making it harder for guys like me to reach our goals.
The reason your in the top 5 is because you have a good eye and you enjoy putting your set together.
As of late I've been noticing many new closet collectors with VERY deep pockets.I guess it started with the 1919 D mercury dime selling for $212,000.I guess striving to be #1is bringing out what an average collector sees as INSANE PRICES REALIZED.
I received as a gift a copy of the 100 Greatest coins.This is a book based on historical U.S.coins.Can you imagine an article titled
The 10 Most expensive Modern coins
1) 1919 D Mercury Dime $212,000
2) 1926 s Buffalo Nickel $103,500
3) 1932 D Washington Quarter $90,000
4) 1899 Indian Cent $69,000
5) 1963 Proof Lincoln Cent $ 39,100
6) 1910 Proof Lincoln Cent $36,800
etc.etc.
Stewart
Something like the set registry is probably a contributing factor that draws some of these outsiders into the picture, but it is not necessarily the only factor. The jump in prices is the major reason they come – not to collect, but to make money. The collectibles, and their beauty, are incidental.
Then the true-blue, long-time collector can’t find anything he needs at prices he used to pay – at prices that he has always thought of as reasonable prices. He feels that his hobby has been stolen out from under him, and unfortunately it has been.
Of course, at least on paper, his collection is now worth lots and lots of money. But for the true collector that is of little consolation. He yearns for the good, old days when he had the excitement of adding to his own collection at an affordable price. However, those days are gone.
Are you telling me my "good ol days" are gone and I'm washed up?
Stewart
bruce scher
To me collecting coins is a "hobby". I don't have the kind of disposable income that would allow me to purchase coins costing 5 and 6 digits like some collectors do. Especially at the prices some coins are going for these days. (I can't wait to see what prices are 10 years from now for some ot the coins that have sold for the so called "crazy money".) However, my level of disposable income allows me to purchase what I consider nice coins. These coins allow me to be competitive with some, but not all collectors. Such is life. It's still fun and "you can't win them all!" At the end of the day, it's still JUST A HOBBY. I participate in the Registry as a way of showing off some of my coins to those who appreciate them, fellow collectors. Most of my friends and family know I collect coins but have absolutely no interest in them. The few that do, think I'm nuts spending the kind of money I do.
Edited to add:
Because I do enjoy collecting coins, if I did have losts of "crazy money" to spend, it wouldn't bother me in the least to spend 5 or 6 digits on coins.
Collectors paid record prices for high quality coins before the Registry was invented and I'm certain they will continue to do so even after the Registry is long gone. I personally paid very large premiums for pop 1 coins before I even knew about the Registry - what makes you so sure that the desire to be number one on the Registry is the culprit? Perhaps the desire to own the finest, irregardless of the Registry rankings is the reason?
Do You Collect Barber Dimes ?
Stewart
bruce scher
No.
The pop 1 coins I am referring to are trade dollars. Without the attitude that only the finest would do I never could have put together a set with 18 out of 18 coins top pop [14/18 pop 1's]! That attitude is a basic part of my coin collecting nature and really has little to do with the Registry.
The only barber dime that really interests me is the 94-S.
I also have over 300 1878 Morgan dollars. That's right -- all 1878p's. Why? I collect VAM varieties. Are they in holders? No, I like them deplasticized. Even if there was a registry, I probably wouldn't put them in it. In fact, there is a VAM registry on www.vamlink.com, but I've never registered mine. You may remember the line from Saving Private Ryan where the Private asked Hanks to tell him the story about his wife working in the yard, and Hanks replied "No, I save that one just for me."
The only Barber Dime that interests me is the 1894 S
Me Too !!!!!!
I also collect the whole set and I would love to own the Barber Dime Pattern that is in the Smithsonian along with the 1974 Aluminum cent.
When someone makes an announcement before an auction that they will buy certain coins at any price so they can be #1 even if a coin is not very nice is what I dislike.
Stewart
Some people have a lot of class, and it's all low.
I don't disagree - but let's remember that one person's not so nice is another's fantastic gem. A coin can certainly be not nice for the grade and yet still be head and shoulders above any other that will be available in a reasonable period of time and therefore be worth quite a premium.
And the drive for completion is inate to a collector - and can be quite irresistable!
John Whitney Walter (Mr. 1796), I believe, paid huge premiums for the finest specimens of what he was pursuing. He knew that he was paying outstanding money, but he also believed that he was also setting new pricing levels. After all, the pricing level for a coin is what a couple of people are willing to drive it up to, right?
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Someone making an announcement before an auction that they will buy certain coins at any price is unwise.
Someone making an announcement before an auction that they will buy certain coins at any price so they can be #1 is foolish.
Someone making an announcement before an auction that they will buy certain coins at any price so they can be #1 even if the coins are not very nice is idiotic.
But I dislike it only when I want those coin too.
There aren't that many that you go after,that you don't acguire.
The Registries of both PCGS and NGC are meant to be fun.I believe for most participants,they are.I have been able to help others and have been helped by some of the participants.Even in the Lincoln Series there are those that help better each collection,even if they are in a competition of sorts.That is the true collectors coming out.
Registry 1909-1958 Proof Lincolns
On another note, Honeycutt has to be looking like the smartest coin investor in history right now, other than Max Mehl.
Wouldn't it rock your boat to know one person was NOT bidding on a coin for a Registry set? Imagine that in this day and age!
JUST SAY NO TO WANNABES! They lurk and prey on unwitting collectors in chatrooms!
<< <i>On another note, Honeycutt has to be looking like the smartest coin investor in history right now, other than Max Mehl. >>
Hey Doug: what about Stewart Blay. He has my vote. Just because he's always so low key you shouldn't leave him out.
It is more serene that way............
But too often the best long term investments in coins are the ones that are poor investments in the short run.
But is it really about investments or about having fun while satifying the "hunting" urge or a little of both?
After reading these posts I think we are all schizoid!!
Stewart is the LUCKIEST genius because his past and present love for Lincolns has crossed the path of a fast rising "crazy money" series, leaving him poised to make a huge return. Conversely, he will go insane at the same time, because his love for Lincolns won't let him sell his coins for even "crazy money."
This is the dichotomy of a collector . . . LOL!
I hear Gollum/Schmegel going . . . "My precious . . . It's MY precious . . . "
On the negative side, I fell victim to acquiring slabs, for a while. Fortunately that didn't last too long.
I also like trying to out guess David Halls changes to the Registry. Gotta thank Stewart for getting the Lincoln variety change moving.
perfectstrike
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