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Have you ever noticed ..... about the Registry?

Have you ever noticed, that the sets that get the awards and the Hall Of Fame status, are almost exclusively the sets of rich collectors? Except for the few occasions, like the Alaskan Bingle Set that the one forum member had sent in and is the Finest in the Registry set. And I'm talking more the US Coin Registrys. Except for maybe a couple niche sets, almost all of the leaders are collectors with a lot of money to spend on their coins. Look at the Joshua II Mercury Set... how much money has he spent on those coins? And it's not even his first time through the set... Look at just about any Registry set, and the people that have the #1 sets and the HoF sets tend to be rich collectors... About the only chance that a collector on a shoestring, like myself, could ever hope to win a Registry Award, is to get a bunch of really lucky submissions, for example getting a dozen or so 70s on Modern coins, or getting lucky on 60s Proof and SMS sets... but even Russ, the king of this, is only #3 in the Silver Short Set... anyways... thoughts? Concerns? Suggestions? Rants of your Own? Please share image
-George
42/92

Comments

  • K6AZK6AZ Posts: 9,295
    Not too hard to figure out. It's the rich guys who can afford to buy the best coins. My Morgan collection was worth over $60,000. That was only good for #22 in the basic Morgan set.
  • The person with the most money wins. Plain and simple. Fact of life for many things.

    Cameron Kiefer
  • I know... really nothing I can do about it, except become one of the rich collectors myself... oh well... just kinda sucks... I could never hope to even compete in any Registry Set...
    -George
    42/92
  • And also what I'm trying to get at, is that it's not just the #1 spot... but it's also awards... I could have a really great set, and only be #20 out of 100 and still never get a Registry award, simply because I did not have a #1 set.
    -George
    42/92
  • If they don't already, they should have a YN section. I would like that. I can't even find my set now, its so far behind.
    Scott Hopkins
    -YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.

    My Ebay!
  • relayerrelayer Posts: 10,570

    Did you ever notice rich people live in nice expensive houses and drive nice expensive cars? image

    There may be a pattern here image
    image
    My posts viewed image times
    since 8/1/6
  • krankykranky Posts: 8,709 ✭✭✭
    Did you know that someone owns the domain www.hewhodieswiththemostcoinswins.com ?

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • XpipedreamRXpipedreamR Posts: 8,059 ✭✭
    Wow! Rich guys who collect coins own expensive sets of top quality coins...fascinating!



    image
  • www.hewhodieswiththemostcoinswins.com image

    This isn't elementary school where every kid wins an award. Its real life.

    Cameron Kiefer
  • relayerrelayer Posts: 10,570

    Do you know how to spot a rich guy?

    image
    image
    My posts viewed image times
    since 8/1/6
  • NysotoNysoto Posts: 3,818 ✭✭✭✭✭
    The most knowledgeable numismatists for any series usually do not have any registry sets.
    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
  • TheNumishTheNumish Posts: 1,628 ✭✭
    Cameron,

    Are you becoming a cynic? If you answer "I just see the world as it is" you've answered the question.
  • It actually happens to everything that has some competitive thing to it.
    I remember as a kid when slot cars was all the rage. Then competition kicked in.
    You no longer could compete with your $50 dollar slot car, you had to have the ultimate $1,000 dollar slot car.
    I remember go kart racing. I used to have a 5 hp Briggs powered cart and had a lot of fun racing. Then suddenly
    everyone started coming out with $25,000 go carts and blowing the doors off of all of us poor guys.
    Drag racing, now it is a multi-million dollar car to be competitive.
    I remember windsurfing, that was lots of fun, then guys started coming out with custom hand made boards, custom special made sails, custom carbon graphite sail shafts, custom carbon graphite fins, ad nauseum. Next thing you know you these guys
    are sailing circles around your old obsolete stuff. Now that parasailing-windsurfing thing that kills people is all the rage, only $6,000 to get started.
    How about bicycling? Now you need a $10,000 or more expensive bicycle and a special $5,000 streamlined outfit to race.


    image
  • EvilMCTEvilMCT Posts: 799 ✭✭✭
    image
    my knuckles, they bleed, on your front door
  • bearcavebearcave Posts: 3,996 ✭✭✭✭✭


    << <i>Do you know how to spot a rich guy?

    image >>




    image

    imageimage
    Ken
  • Yes, it is a fact of life - however, it would be cool if PCGS would do
    "Special Mention" awards. These could be for noteworthy achievements
    beyond just the #1 spots, such as:

    * Sets that are "100% homemade", with every coin being submitted raw by the owner.

    * Outstanding colorful sets, that may not have the highest numerical grade.

    * Sets with the best presentation (photos, descriptions, etc).

    These types of awards could inspire collectors of all means to participate and excel
    in the registry system.

    Ken


  • << <i> Have you ever noticed, that the sets that get the awards and the Hall Of Fame status, are almost exclusively the sets of rich collectors? >>



    Maybe that's because they have more money to spend them on. image










    image
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    how do you know she's not a "butterface"?

    (as in, "everything's nice, butterface" )

    Or maybe she IS fine, and she just happens to be a"chubby chaser"?



    oh, ok, I'm reaching.. he's probably Loaded!

    Liberty: Parent of Science & Industry

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    JrGman, why do you want to win a Registry award?




    Nysoto, image

    Liberty: Parent of Science & Industry

  • RussRuss Posts: 48,514 ✭✭✭
    George,

    Not every award winning set is owned by a rich dude. Take Manofcoins (Craig) in Washington quarters, for example. He's built that set one coin at a time and made many of them himself. One can claw their way to the top by working very hard at it and being patient.

    I'd certainly love to be rich but, even if I were, I'd still hunt and make rather than buy. It's more fun to do it that way.

    I'd also note that many of those rich dudes didn't start life rich, but worked very hard to build their wealth and are now deservedly enjoying the fruits of that labor.

    Russ, NCNE
  • mgoodm3mgoodm3 Posts: 17,497 ✭✭✭


    << <i>Did you know that someone owns the domain www.hewhodieswiththemostcoinswins.com ? >>




    What is "hew hodies with them ost coin swins?" This some sort of secret code?
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    If you had a YN division, wouldn't the YN's with the most money win all the awards? image

    Life isn't about awards. It's about deriving internal satisfaction from doing your best.
  • Wow, JRGMAN2004, thank you for enlightening me. I had no idea!!!! I was wondering why the winners had more valuable coins!!!

    Jr, think it will be tough getting a registry award? Awwww, dry your eyes. Take a picture of one, and make your own. Probably cost you about 50 bucks.

    Russ: That was true, and nice. I'll keep sending checks...
    The Accumulator - Dark Lloyd of the Sith

    image
  • MistercoinmanMistercoinman Posts: 1,819 ✭✭✭
    Let's just give everyone an award, then we will have nothing to compete for.


  • << <i>Wow, JRGMAN2004, thank you for enlightening me. I had no idea!!!! I was wondering why the winners had more valuable coins!!!

    Jr, want a registry award. Awwww, dry your eyes. Take a picture of one, and make your own. Probably cost you about 50 bucks.

    Russ: That was true, and nice. I'll keep sending checks... >>

    Oh shut up!! It's people like you, that have to attack someone to make themselves feel better about their pathetic lives, that often times make me want to leave this board. I'm not looking for sympathy here, and have in fact sold my registry set, and will soon be closing it. I think that the idea about Honorable Mention awards is a great idea... there are tons of sets out there that people have put tons of time and effort into, but don't get any recognition for their sets, because Joe MoneyBags came along, and decided he wanted to collect this series and bought every top pop that has come to market...

    I applaude Manofcoins for his accomplishment... he is definately in the minority... image
    -George
    42/92
  • stmanstman Posts: 11,352 ✭✭✭✭✭
    JrGMan2004, you have become a big asset to this board by offering and giving help in the series you specialize in.

    Take great pride in THAT. To me that's much more important than any Registry award. Calm down dude, go take a walk....
    and don't throw out all I have spoken of by possibly having a bad day. image
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • coinbufcoinbuf Posts: 11,286 ✭✭✭✭✭
    Interesting thread, you are correct George; it sucks to be a small pocket collector to crack the top ten or five only to have a mega-pocket colector/investor come in and displace you. I know as it happened with my Lincoln set on the NGC registry. But thats life.

    Chris
    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • WaterSportWaterSport Posts: 6,770 ✭✭✭✭✭
    Actually, the rich guys are at that top..Big deal... I am amaze at how FEW everyday collectors even bother to register their sets. I would have not done it, except my son (Gonfunko) pointed out that of the 20 PCGS Lincoln slabs that I had, I would start below 100. Well today, I broke 58 at 51% complete. I find this amazing, NOT because I feel my collection is better than anyone else’s (my minimum acceptable grade is MS 63 R&B) but rather how few collections are listed that I know have to be better than what I will end up with. There are a lot of people buying up coins, but they sure are not registering them. Many people are turned off by compitition and complain about how the whole registry concept is a PCGS gimmick to make more money. I know, I was one of them. But the fact is, its fun and in my opinion when it stops being fun, its time to give it up collecting.

    WS
    Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
  • lavalava Posts: 3,286 ✭✭✭
    How can anyone possibly disagree with the point here? This is the basis of our economy, supply and demand. As you learn about coins, you want the good ones. Guess what, so does everyone else. A coin becomes available, and the money comes on the table, the most money wins. If it were any other way something would be very very wrong. It's life as we know it.

    If money rules, I do not think it is "game over" for the poor guy. For a hungry guy with knowledge, deals will be found, and the poor guy will not be forever poor.

    I remember years ago when I sold my baseball cards. I was walking out of a show and I thought I might miss cards, so I opted to buy something to keep my hand in it. I bought the thing no one wanted -- basketball cards. I bought 2 boxes at $8 each. I put them on the shelf and forgot about them. Years later a baseball guy recognized me and asked if I still had cards. We got to talking and he said my basketball cards might be worth something. Next show I found out that dealers were paying $750 a box. I think 3 years had passed -- $8 to $750. Chalk one up for the poor guy.

    Antique shop in the middle of nowhere in the midwest. I saw some old baseball programs. The owner was asking $5, but she offered them to me for $3. They were old, they were world series programs in good shape, and they were all autographed -- Dimaggio, Berra, Ford, Feller, Lemon, etc. Another score for the poor guy.

    I used to live in the ghetto. My registry set is now #4 all time. Don't lose hope; you live in a country where nothing is out of reach.
    I brake for ear bars.
  • George,
    I got 17 awards this year and let me tell ya ....I aint rich.......not even close! image
    Building 33-47 Mint Sets always looking for MS67s PM with any coins you might have for sale.

    Mike
    idocoins
  • NumismanicNumismanic Posts: 2,582 ✭✭✭
    Awards, I don't need no stinkin' awards! image Just collect for fun and enjoy learning about your coins.
  • Well i'll tell ya,go across the street and pick something nobody else is doing !
    Thats not what i did,just worked out that way,number 2 and didnt hafta write a bunch of big checks.
    Figure out which set it is and how much it cost !
    image
  • Proud recipient of the coveted "YOU SUCK!" Award, 6/03/07, 2/03/08, and 10/27/08.
  • saintgurusaintguru Posts: 7,724 ✭✭✭
    I think of RICH as someone who is worth 10 million or more...I am certain that many of the top sets are NOT in that ownership, although some are. There are the sets, althogh rare these days thet young guys started in their 20's and have been at for 30 years. They have wold class sets for a number of reasons..they bought pre-slabbed, when noboday wanted them, They probably had more pick of the litter...and they accumulated as time went on. By the time they got down to the big coins they were of enough means to buy them, but that still doesn't mean they were "rich".

    Now that's the true long term collector. And whether we like it or not, the big featured coins are the big $$, low pop coins, and the bus driver isn't going to buy ithemt. Yeah, it is a rich man's game in the upper end. So are yachts and fine-art. But this should not be a class-struggle. We all collect different things, and it's the degree of enthusiasm and commitment to building the best we can that makes a set "RICH". For some it's MS64 Early gold, and for others it's statehood quarters, but if they both derive a great sense of satisfaction than they are both wealthy collectors.

    I was 12 years old in 1964 and I had my blue book of circulated Roosies with me as I harangued all the neighborhood banks for rolls of dimes...I was missing one...every one I had found, not bought. Then , as an interesting coincidence to a previous post, I was racing my slot cars, had just bought a little jar of tiger's milk oil, or whatever it was and I looked at my change and THERE IT WAS...a 1949-S!!! The FINAL COIN.

    noone onearth couldn't tell me I wasn't rich for the 10 days. I was walking on air!image

    So are we rich and just don't realize it? We build the best WE can, and others do the same. Peace is within ourselves, not doled out by others. That's rich.
    image
  • I presently have the #32 set in the Basic Morgan Registry, #20 in the Varieties Morgan Set and the #30 Morgan Set across the street. What I have noticed since having registered my Morgans is not that I have the drive to become #1, which will never happen, but that I will have the finest collection that I can find and afford, not the most expensive. Registry sets do this: A comparison to have and to make with others' sets and to enjoy their successes, acquisitions and to watch their progress. These are not at all things to scoff at. Don't forget, most of these people we will never know. And we get to enjoy their collections along with them! And they, hopefully ours! I have also seen that there are spin-offs that have enhanced my interest in the series (i.e.: VAMs-not just for those in the set) which is, I guess educational, but even on a more practical level, aside from the collection, I need to learn to take digital photographs! My Morgans to me meet three things: They are beautiful; they are historical; they are valuable. Take the enjoyment out of collecting and you don't have much of a reason to stick with it.
    Proud recipient of the coveted "YOU SUCK!" Award, 6/03/07, 2/03/08, and 10/27/08.
  • George......If having the #1 set in the registry was all there is to collecting coins I would have never started my Walker set that I just recently sold. I collected the Walkers bexcause of there aesthetic beauty, not for trying to have the #1 set..... If I had accomplised that so what.

    My next set that I am getting ready to start collecting is seated coinage, and there's no way I will ever be able to reach #1 even if I am lucky enough to complete the set, but I will enjoy putting it together in the highest grades I can find and afford.

    As for awards for having the finest set coins, or awards for anything else for that matter, it is something one can be proud of but it won't make that person a better man or woman, it is just a symbol of something accomplished and nothing more.


  • << <i>Do you know how to spot a rich guy?

    image >>



    image .......... image .......... image .......... image .......... image .......... image .......... image






  • Dog97Dog97 Posts: 7,874 ✭✭✭
    I have plenty of $$ and my Reg Sets are like YAWN!!!
    Worked too hard for my $$ to waste it on stupid shiat.
    Change that we can believe in is that change which is 90% silver.
  • LakesammmanLakesammman Posts: 17,380 ✭✭✭✭✭
    Well, I have the #1 IHC variety position but can't even afford the dingy on Allen's yacht. imageimage Collect at a level you can afford and have fun doing it. Most of the fun is in the relationships built and in teaching others about the hobby. The rich guys come and go because they don't get any pleasure long term - they've missed the point.
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.
  • orevilleoreville Posts: 11,953 ✭✭✭✭✭
    Two posts are AWESOME!

    (1) Saintguru stated:

    <<<<<<<<<<I think of RICH as someone who is worth 10 million or more...I am certain that many of the top sets are NOT in that ownership, although some are. There are the sets, althogh rare these days thet young guys started in their 20's and have been at for 30 years. They have wold class sets for a number of reasons..they bought pre-slabbed, when noboday wanted them, They probably had more pick of the litter...and they accumulated as time went on. By the time they got down to the big coins they were of enough means to buy them, but that still doesn't mean they were "rich".

    Now that's the true long term collector. And whether we like it or not, the big featured coins are the big $$, low pop coins, and the bus driver isn't going to buy ithemt. Yeah, it is a rich man's game in the upper end. So are yachts and fine-art. But this should not be a class-struggle. We all collect different things, and it's the degree of enthusiasm and commitment to building the best we can that makes a set "RICH". For some it's MS64 Early gold, and for others it's statehood quarters, but if they both derive a great sense of satisfaction than they are both wealthy collectors.

    I was 12 years old in 1964 and I had my blue book of circulated Roosies with me as I harangued all the neighborhood banks for rolls of dimes...I was missing one...every one I had found, not bought. Then , as an interesting coincidence to a previous post, I was racing my slot cars, had just bought a little jar of tiger's milk oil, or whatever it was and I looked at my change and THERE IT WAS...a 1949-S!!! The FINAL COIN.

    no one onearth couldn't tell me I wasn't rich for the 10 days. I was walking on air!

    So are we rich and just don't realize it? We build the best WE can, and others do the same. Peace is within ourselves, not doled out by others. That's rich. >>>>>>>>>>>>>>>>>



    (2) Lakesammman said: <<<<<<<<<Well, I have the #1 IHC variety position but can't even afford the dingy on Allen's yacht. Collect at a level you can afford and have fun doing it. Most of the fun is in the relationships built and in teaching others about the hobby. The rich guys come and go because they don't get any pleasure long term - they've missed the point. >>>>>>>>>>>>




    A Collectors Universe poster since 1997!

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