Registry Questions ???
GOLDSAINT
Posts: 2,148 ✭
Registry Questions,
I can’t believe this since I really don’t like collecting slabs, but I am actually thinking of submit a registry set sometime next year. I do have a couple of questions for those of you that have done this, or have studied the registry’s. My first question is, why does PCGS not except their own older Green label slabs? My second question is why do they have several registries listed of old collections that were neither slabbed by them, and in some cases all the coins are now sold to other collectors? If they are going to go back through time and automatically post register all great collections of the past then the registry will be full of sets collected by dead guys. It seems there might be some self serving here for large collections sold off by some of the PCGS founders. Coin collecting 75 years ago was a whole different game. In current real dollar terms many of the rarest coins were bought for nickels and dimes, and there was not a huge collector population to compete with. In the 1920’s and 30’s you could buy all the BU 1800 coins you wanted for 5 or 10 times face. Many of those coins today are 300 to 10,000 times face. Yes you must consider the devaluation of the U.S. dollar, but that wont get you there. If a loaf of bread was a nickel then, it sure is not $500 today. How can the most “conservative” grading company in the world register coins they never graded?
I can’t believe this since I really don’t like collecting slabs, but I am actually thinking of submit a registry set sometime next year. I do have a couple of questions for those of you that have done this, or have studied the registry’s. My first question is, why does PCGS not except their own older Green label slabs? My second question is why do they have several registries listed of old collections that were neither slabbed by them, and in some cases all the coins are now sold to other collectors? If they are going to go back through time and automatically post register all great collections of the past then the registry will be full of sets collected by dead guys. It seems there might be some self serving here for large collections sold off by some of the PCGS founders. Coin collecting 75 years ago was a whole different game. In current real dollar terms many of the rarest coins were bought for nickels and dimes, and there was not a huge collector population to compete with. In the 1920’s and 30’s you could buy all the BU 1800 coins you wanted for 5 or 10 times face. Many of those coins today are 300 to 10,000 times face. Yes you must consider the devaluation of the U.S. dollar, but that wont get you there. If a loaf of bread was a nickel then, it sure is not $500 today. How can the most “conservative” grading company in the world register coins they never graded?
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Comments
They do, I have seen problems with individual coins, but they'll take care of it for you if you notify them.
Or do you mean the "rattler" slabs? I'm not sure if I ever tried to enter one of those into a set.
We'll use our hands and hearts and if we must we'll use our heads.
What about the older un-slabbed collections listed?
Here's a warning parable for coin collectors...