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Is the Complete U.S. Type Coin Set (1792-1964) Registry a sham?

MaxMax Posts: 124
in PCGS Set Registry Forum
I am sure it is not but I did want to get some people's attention.

Why are 4 of the top 5 Complete U.S. Type Coin Set (1792-1964) registries unavailable for viewing? What's the point? Imagine if everyone blocked their sets for viewing?

After people reach a certain level [50%?] they should be unblocked or taken down.

Comments

  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    To each their own.

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

  • TWQGTWQG Posts: 3,145 ✭✭


    << <i>After people reach a certain level [50%?] they should be unblocked or taken down. >>

    -fascism at its finest.

    Maybe they register their sets for their own enjoyment and not yours.

    edit to spell fascism correctlyimage
    My eBay store
  • itsnotjustmeitsnotjustme Posts: 8,779 ✭✭✭
    PCGS owns the site. PCGS controls the registry program. PCGS gave people the option of making their sets viewable or not. Why fault a person for playing by the rules?
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • DAMDAM Posts: 2,410 ✭✭
    Max,

    One concern is if it's known you need a certain coin to better, or complete your set, someone might buy it in hopes of selling it to you at a much higher amount. Sad, but I'm sure it happens. When you're talking the class of coins in some of the sets you mentioned, hundreds or thousands of dollars could be at stake for a single coin. Multiply that by ten coins. That would be enough for me to keep my set hidden until I felt I had completed the set. Just look at some of the dealers who advertise "Registry Quality Coins". I don't think they'll be discounting those to quickly.

    Besides, think of all the sets that aren't registered. You can't see those either. image
    Dan
  • DMWJRDMWJR Posts: 6,008 ✭✭✭✭✭
    Given the choice between seeing the blocked sets and knowing they are out there, and those people not posting anything at all, I would choose the blocked sets. At least we know the set is out there somewhere!

    I wish I could see the sets to, but . . .
    Doug
  • MaxMax Posts: 124
    DAM,

    One concern is if it's known you need a certain coin to better, or complete your set, someone might buy it in hopes of selling it to you at a much higher amount.
    I have heard this argument before and only a fool would play that game. I also feel it is mostly myth and a bit of paranoia.

    It's an awfully big gamble. While some might play that game the risks are too great. No one really "needs" a coin, they may wait years before buying it. I know of no dealer who wants to tie up money in a coin for more than a few months. Keeping coins in inventory costs money. Also what one dealer likes, the person "needing" the coin may not. They may not be ready. They may not have the cash/credit. They may have lost interest. They may be bidding on the same coin at auction. That's why I say it is a big gamble.

    I am not faulting anyone but how interesting will the registry be if all sets were blocked? What would you visit the site for if all you saw were a % complete and grade? Not too interesting. Part of the concept is to foster competition, which by the way I feel is silly, and show off nice sets. Blocked sets negate both.

  • Steve27Steve27 Posts: 13,274 ✭✭✭
    Max, you're wrong, next question/issue please.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • tjkilliantjkillian Posts: 5,578 ✭✭✭
    Well my wife bought me a Nikkon Coolpix 4500 for Christmas, as well as a 1795 half dollar, just so I can post better pictures of my type set.

    http://www.pcgs.com/new_set_registry/display_coins.chtml?regsetid=2067&alltime=no

    Tom

    p.s. Yes, they should all have great pictures of every coin and show the world them!

    Tom

  • DAMDAM Posts: 2,410 ✭✭
    I have heard this argument before and only a fool would play that game. I also feel it is mostly myth and a bit of paranoia.

    Max, perhaps then you'd like to share your thoughts about why these collectors are hiding their sets. You asked the question, received a couple of answers you don't like, but have offered no reason(s) of your own.

    This question has been raised a couple of times. It seems PCGS has elected to give collectors the choice of allowing their sets to be viewed. For what ever reason, some collectors chose this option.

    If you really want to know, you could email 2 of the 4 collectors who's sets are hidden. Just click on the envelope. If you do, please let us know what you find out.
    Dan
  • DMWJRDMWJR Posts: 6,008 ✭✭✭✭✭
    What if one of the sets is the personal collection of . . . . . DAVID HALL!!!!!!



    (conspiracy theory #431)
    Doug
  • redhottredhott Posts: 175
    More importantly, what if the closed sets include coins that, with the aid of pop stats, could be recognized as being someone else's? Otherwise, what double check is there?
    redhott
  • KeyrockKeyrock Posts: 961 ✭
    I like having the option to keep a set private. By having people keep their sets private they will list their set allowing others to see where they rank with those private sets included. Just think if the top 4 private sets pulled out because they had to show their coins. It wouldn't be a true reflection (not that registry really includes the top sets because it is a PCGS only set and many excellent raw sets exist).


    <p> Viewing a persons set has it limits. I would be more interested in seeing a image of the coin. With a top set you can assume they have the top coins and probably be right on. JMO

    Rich
  • itsnotjustmeitsnotjustme Posts: 8,779 ✭✭✭
    I know there are very competitive sets where one collector (possibly obsessive) will buy a coin his competitor needs. Not to sell it to him at a profit, but instead to keep it out of his set!
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • billywlsbillywls Posts: 180
    There has always been an ongoing discussion on this point. My set for a long time was the only one unlocked and imaged (#3 ATF). Some of these coins have very small pops in any grade and the collectors are concerned that dealer will jack up the price if they see someone needs a coin to complete or upgrade the set.
    Bill
    _____________________

    My Other Hobby
  • redhottredhott Posts: 175
    "the collectors are concerned that dealer will jack up the price if they see someone needs a coin to complete or upgrade the set."

    In that case, a simple solution would be to use a new dealer, as there are lots of good ones out there. I know there are many who would be more thrilled to help you move up the ladder, than to try and make an extra buck off you.
    redhott
  • DAMDAM Posts: 2,410 ✭✭
    In that case, a simple solution would be to use a new dealer, as there are lots of good ones out there.


    A dealer has a coin with a total pop of 20 coins. He's asking 20% - 30% over market for the coin because he knows you need it for your set. With the knowledge this coin rarely comes up for sale you decide not to deal with this dealer because he's charging too much. What do you do? Of course, go to another dealer. image

    Yeah, that'll work. image
    Dan
  • redhottredhott Posts: 175
    everyone can figure that much without too much trouble

    how many here are on the verge of buying a pop 20 coin?
    redhott
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