Dealers calling the Registry, "Registry Hype" is all hype

braddick

Often I read of one Dealer or another stating the Registry is all hype. They make claims that Registry folks are somehow "numbers chasers" and seek only the plastic, the coin be damned.

I don't believe it.
I see true Collectors going after what it is they want. Isn't that what a pastime is supposed to offer? A hobby is a diversion from the every day grind. The Registry is a near perfect way of expressing and showing a collection. I'm growing weary of Dealers mocking Registry Set participants yet at the same time take their hard earned dollars in exchange for 'registry' coins.

Dealers: Please... back off the disparaging comments. Believe it or not, there are plenty of intelligent, honest collectors who enjoy the Registry and all it has to offer. These same collectors are not sheep baaa'ing after "Top Pop Plastic Coins". There is nothing to be ashamed of and nothing to apologize for by building a Registry Set.

And, if the Dealers who belittle the Registry wish to continue to do so, please promise to scratch off those collectors who come to you for choice coins to place into their Registry. Stand by your beliefs and convictions: Vow not to sell to those you have such disdain for.
To do otherwise only makes you look foolish and hypocritical.

Bear

Pat, of course we are not all sheep. We got bears, a goose, a pig, dogs, squirrels, ferrets

and all sorts of critters that collect Registry Sets. These sets have been a great boon to collector's

fun and enjoyment, as well, I might add, to the dealers sales volume . That is , unless those particular

dealers, handle Cr*p that no one wants to collect , in or out of a set.

Fairlaneman

Why only the disdain for dealers ? Many so called pure collectors have the same feelings toward collectors that choose to build a registry set. Be fair and give some of these bias collectors that think registry participants are only after a number a little hell also.

One other thing. Why in the heck do non registry members think that all registry members are loaded with bucks ? Is it because these non members do not have the ambition or patience to seek out nice reasonably priced coins for their own collection. Seems so to me.

Well this should stir a few feathers among the coinee non registry group. Probably the statements will not win a popularity contest either.

Thanks for the vent space...

Ken

wondercoin

Pat: A bit controversial, but very, very well said. I would expect nothing less from YOU.

Wondercoin

Bear

Ken, I got no feathers to stir. Being a bear, all I got is some fur.

braddick

<< <i>Why only the disdain for dealers ? Many so called pure collectors have the same feelings toward collectors that choose to build a registry set. Be fair and give some of these bias collectors that think registry participants are only after a number a little hell also. One other thing. Why in the heck do non registry members think that all registry members are loaded with bucks ? Is it because these non members do not have the ambition or patience to seek out nice reasonably priced coins for their own collection. Seems so to me. Well this should stir a few feathers among the coinee non registry group. Probably the statements will not win a popularity contest either. Thanks for the vent space... Ken >>



Ken,
I have no issues with anyone who shares an opinion that differs from mine, including Collectors who bash the Registry. The minute though they reach into my wallet (read: Dealers) while doing so? Yeah, that's a problem.

Mtich,
Thanks for the kind words. As a collector I only read about the Dealers/Registry bashing for moments at a time. I'd imagine it would become infuriating to deal with it full time as a Dealer who sells and caters to Registry Set participants and non participants alike.

Fairlaneman

A bash here and a bash there, no big deal. Some of the people just never let it rest though. Really its not a opinion they are putting forth but a complete disdain for the collector that does participate in the registries. Opinions from a person, fine. Dislike for a person, not fine.

Maybe I am wrong but reading here and on the coin forum seems to confirm the above.

Ken

ER

I don 't participate in Set Registry. Am I a bad person?

MadMonk

While I have no problems with the registry itself, there are certain aspects of it's completion that I take issue with. These aspects are also plainly part of the hobby itself. So do we blame the registry, or do we blame the ego's and greed of Dealers and Collectors?
Anytime somebody tries to become No.1, he/she should be an expert in that field, and know the pitfalls of their endeavors.
For instance, a modern coin comes back as Proof 70 dcam. It is the first to get that grade. It sells for thousands.
Now anybody in his right mind knows that there are many more 70's coming, and that the price will drop dramatically. We can take a 55-D washington. It's pops are going up, the price is going down, and there are a lot of collectors kicking themselves.
I'd stick with coins that have been very popular for like the past 50 years!

jpkinla

Obviously an interesting topic as I suppose I am one of those registry players. I just purchased a pop 1 coin ($10 1909-s in MS67) for a great deal of money because the coin is outstanding not because of the plastic. I have tried to buy original eye appealing coins regardless of the holder and regardless of the grade. My MS66 example of the date (pop 4 with only the MS67 being better) is very nice but the MS67 blows it away so it made sense to buy it. I ended up paying 50% more for it than I would have only 6 months earlier as the coin grew on me and the market is now stronger as well.

I think the registry sets on the modern stuff falls under your description but on the rare coin arena the registry is a good thing as it promotes set building which in the long run makes for nice collections.

My $10 Indian Gold Registry Set

IrishMike

Their premise is flawed to begin with, there is no such thing as a "Registry Collector", unless one defines what they mean by that term. There are of course collectors who would buy a coin not because they particularly like it but becuase it has the grade they want. I see very little difference between that and filling a hole in a Whitman, just because its there. There are coins that are purchased by collectors just so they can be number 1 or number 5 or whatever rank. There are collectors who collect the coin for the same grade and the Registry is a nice extension to showcase them. I could go on but you get the point.

If the dealer defines what he means by a registry collector, I might or might not agree with him/her.

COINDOG

I think that the dealer who " bashes " registry sets is making a terrible error in judgement !!!

Colorfulcoins

What man (or PCGS) creates, can be abused. Is nuclear fuel good because it powers a plant that produces electricity that lights your house or bad because it can be used in a bomb in abomb to kill people? The Registry is no different. It can be used or abused. PEOPLE make that decision. Do guns kill or do people kill? Do you outlaw people or outlaw guns? Do you stop the Registry because some people use it as an ego trip and competitive vehicle?

It is what it is. If its anything more than that, it your choice to make it whatever you want it to be.

petescamp

The registry is about the pure collector preserving the best coins for
the future .As a modern collector + other I wonder how many top notch dealers would have saleable coins. This said......
MERRY CHRISTMAS

fcloud

This seems like just another venue to bash... I collect for fun. Yes...FUN. I have put together a set of Mercury dime with the intention of getting a complete set of uncirculated dimes. I will not be number one, nor have I tried to be number one. You see some of us are on budgets. If a dealer doesn't want to sell coins to me because I have them listed in a registry, so be it. There are other coins out there and dealer who work with clients (yep, we're clients). I'm proud to be able to get an AU50 1916-D. I think that is good enough. Now maybe I am wrong, but I collect for fun. If some profit is made years down the road--great, if not, who cares!

If dealers want to bash "REGISTRY COLLECTORS" let them, Lord knows many people on the message boards have bashed "DEALERS!

rcmlgm89

This seems like just another venue to bash... I collect for fun. Yes...FUN. I have put together a set of Mercury dime with the intention of getting a complete set of uncirculated dimes. I will not be number one, nor have I tried to be number one. You see some of us are on budgets. If a dealer doesn't want to sell coins to me because I have them listed in a registry, so be it. There are other coins out there and dealer who work with clients (yep, we're clients). I'm proud to be able to get an AU50 1916-D. I think that is good enough. Now maybe I am wrong, but I collect for fun. If some profit is made years down the road--great, if not, who cares!

I agree 100%...lets have fun!

LindeDad

Heck I just got tied of some fool overgrading the coins I wanted to collect. Did a little reading and figured out that PCGS was the most respected graders. Once I got a couple of coins it went fram there. I think i'm up to about thirteen different sets. Will never get to number one in any of them. But it sure is fun trying find all those date/types, $, Halves, Quarters, and a few of the others.

Deb048gold

For a dealer to bash a registry collector is like a used car salesman laughing at a customers choice of cars.
NOT REAL BRIGHT! AND A SURE WAY TO FIND THEIR WAY OUT OF THE RETAIL COIN BUSINESS!

I'm sure many of us take mental notes and we certainly are not forced to buy from some of these clowns!

BAJJERFAN

<<"They make claims that Registry folks are somehow "numbers chasers" and seek only the plastic, the coin be damned.">>

By its nature the "registry system" makes this largely true. Unfortunately we do not have access to the opinions of the graders as to why a certain coin was given the grade that appears on the label. It is also a given that the coin with the highest technical grade may not have the eye appeal or "look" of a similar coin graded 2 points lower. Thus you have a choice to make; take the highest graded coin for your registry set or the purtiest coin. Whats so hard to understand about that? As long as the coins are correctly graded and not grade-flated how one makes that choice is up to them. I spose if you have enough $$$ you could just buy both.

cladking

<<"They make claims that Registry folks are somehow "numbers chasers" and seek only the plastic, the coin be damned.">>



<< <i>

By its nature the "registry system" makes this largely true. >>



It's far more true that by nature the best coins end up in the highest graded slabs. It
would seem that anyone attempting high grade sets which are slabbed would look here
first. Even raw collectors are far more likely to bust a coin out of a high grade slab than
a low grade one unless they are trying to assemble a set of lowest possible grade.

While there are some collectors who concern themselves with slab grade, mintages, age,
metallic content, mint, color, size, or shape to the exclusion of everything else, this is not
typical across most groups. People tend to have numerous interests and most understand
that the point of high grade is a more attractive coin rather than a larger number.

tradedollarnut

I feel what's being bashed is not the collector, but rather the circumstance. What is being bashed is the overwhelming pressure to upgrade a beautiful MS64 to a just made it MS65 at double or triple the price because the points go up. What's being bashed is the extra 25-50% tacked onto the price simply because it's known what's in the set. What's being bashed is the attitude that a nice coin doesn't matter because it's not in the right holder so it can be entered into the right Registry.

Not all are so enlightened that they can resist the pressures associated with the above. That's what's being bashed.

GOLDGUY

I feel what's being bashed is not the collector, but rather the circumstance. What is being bashed is the overwhelming pressure to upgrade a beautiful MS64 to a just made it MS65 at double or triple the price because the points go up. What's being bashed is the extra 25-50% tacked onto the price simply because it's known what's in the set. What's being bashed is the attitude that a nice coin doesn't matter because it's not in the right holder so it can be entered into the right Registry.

VERY WELL SAID.

cladking

<< <i>I feel what's being bashed is not the collector, but rather the circumstance. What is being bashed is the overwhelming pressure to upgrade a beautiful MS64 to a just made it MS65 at double or triple the price because the points go up. What's being bashed is the extra 25-50% tacked onto the price simply because it's known what's in the set. What's being bashed is the attitude that a nice coin doesn't matter because it's not in the right holder so it can be entered into the right Registry.

VERY WELL SAID. >>



Yes. It is well said and probably even mostly accurate but it does omit the simple fact
that it is mostly irrelevant to most collectors. While some may appear to be simply chasing
numbers it may be more a lack of confidence in one's ability to grade for himself and more
a reflection of market conditions.

There are very few people who have said they would dump a superior coin for an inferior
one in a higher grade holder at any price. Even if an upgrade results in a small improve-
ment the market can dictate a large premium.

Mistercoinman

LindeDad,

Heck I just got tied of some fool overgrading the coins I wanted to collect. Did a little reading and figured out that PCGS was the most respected graders. Once I got a couple of coins it went fram there. I think i'm up to about thirteen different sets. Will never get to number one in any of them. But it sure is fun trying find all those date/types, $, Halves, Quarters, and a few of the others.


I agree with your comments 100% I have collected for 28 years now, and have seen many novice collectors get taken by dealers who would overgrade there merchandise. I believe the registry is the great equalizer although not prefect you have a better chance at getting the coins you paid for in the grade you want. I can grade coins on my own for the most part but there are still some coins that are very difficult to distingush in the higher grades 65-68, cleaned or not. H#ll sometimes the so called experts have trouble with coins that have been cleaned! I believe all things being equal it's good for the hobby!!

goose3

<< <i>I feel what's being bashed is not the collector, but rather the circumstance. What is being bashed is the overwhelming pressure to upgrade a beautiful MS64 to a just made it MS65 at double or triple the price because the points go up. What's being bashed is the extra 25-50% tacked onto the price simply because it's known what's in the set. What's being bashed is the attitude that a nice coin doesn't matter because it's not in the right holder so it can be entered into the right Registry.

Not all are so enlightened that they can resist the pressures associated with the above. That's what's being bashed. >>




the most well thought out response yet.