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OK...let's say you have a very high end set....on the Registry..

saintgurusaintguru Posts: 7,724 ✭✭✭
in PCGS Set Registry Forum
Let's say that you show credit to the source of your coins...and you bought some in public auction and subsequently had some that upgraded, would you give a second thought to having that be easily known?

Typical case would be a coin from a Heritage auction that could easily be loooked up in the Archives.

Just wondering what popular thought is. I personally couldn't care less. Better IS better.

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Comments

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭


    << <i>I personally couldn't care less. Better IS better. >>



    Me too, Saint.

    There're as many theories about what/how much to keep secret on the Registries as there are set owners, I've come to believe.

    For me, being open and public has been advantageous, and has never been a problem (so far). People in the know on your series know where you got that new one from anyway, after a big auction. Heck, most people know who all the bidders are--smoetimes before the bidders do! image

    Here's a warning parable for coin collectors...



  • TahoeDaleTahoeDale Posts: 1,785 ✭✭✭
    saintguru,

    If you are concerned about future buyers knowing what was paid (at an earlier time)for a coin they are considering, I do not think that is a reason to hide the provenance.

    But if it is now a grade or 2 higher than it was when bought in 2002, for example, then that might affect the new price-- it may no longer be pq for grade. I witnessed that in the Hugon sale of Barber halves, where several coins went up at least one point , or crossed before the sale. But again, with auction records everywhere, the information is available.

    Private treaty sales are harder to document. But many auction houses will note the purchase price of an old collection, like Pittman, Pryor and others. It's quite rewarding to see a 300 dollar coin now valued at 15,000.

    For the record, I will give the cost and original grade on any coin that I might sell in the future. And will reserve the coin at a fair market price for today's values. (It might be more or less than I paid)

    But if I did my homework, it will almost always be more.
    TahoeDale
  • orevilleoreville Posts: 12,024 ✭✭✭✭✭
    saint: I think that 45% of the collectors want to disguise that information, another 35% of the collectors brag about how they upgraded their coin and the remaining 45% don't seem to remember where the heck they get their coins from and when they get them upgraded. . This is from past experience.

    While this adds up to more than 100% that works very well since that matches the pop reports.
    A Collectors Universe poster since 1997!
  • saintgurusaintguru Posts: 7,724 ✭✭✭
    image

    Good one Oreville! And thanks to you other guys. As I said, I don't give a damn if someone sees that I bought a 1933 Saint as MS63 and I got it upgraded to a MS66!! Anyone who knows has the option of trying to buy it or sit on their hands and pout...It's not MY problem! But there is a school of "keep everything secret" among some Registry participants. Some say NO to pictures...WHY? It's a very rewarding thing to have a collection that's worthy of photos and one of the dividends is to be able to share these with other collectors. I would love to see pics of the top 5 sets in the series' that interest me.

    Of course I WOULD check what the coins were graded at the auction they were bought in! image
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  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I think I'd keep it a secret since not all the buyers in undated registry sets (like type coins) would know provenance. I upgraded some coins a few years back from a major collection and kept the provenance on the new inserts. Now I wonder if that was a bad idea. The coins were no brainer upgrades but sometimes no matter why or how a coin was upgraded, scares some bidders away.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • TahoeDaleTahoeDale Posts: 1,785 ✭✭✭
    saint- I wouldn't be concerned about the "grade at the auction when it sold" unless the quality of the coin(in the present grade) is questionable.

    Like Monsterman says, give me all the monsters you have, in any holder, and I will take them. If the 63 saint is all there as a 66, it's your good eye that will be rewarded.

    Provenance on my 1822 bust half in PCGS 64(today). 2001 it was an ICG 63. My 1794 half was an AU 58 at the Eliasberg sale-now an NGC 61. And both coins are still pq for grade.

    But it may still be worth investigating if the quality seems lacking. I was concerned about an early quarter in PCGS 63 I was considering, and found that it was a 62 1 year earlier. It looked like a nice 61/62 when I first saw it. So I did pass on the coin at 63 money.

    Even without the history of its grade, the expert among us would have passed on the coin. I hope to be able to do that some day, without all the facts we rely so heavily on. Maybe Mark Feld will be close by when I need him.
    TahoeDale
  • orevilleoreville Posts: 12,024 ✭✭✭✭✭
    Saint: Believe it or not, some registrants still can't take pics and upload. A major challenge for them. Nothing personal on their part.
    A Collectors Universe poster since 1997!
  • bullseyebullseye Posts: 178
    I can't take pics and I don't think its advantageous to let the world know I got a coin upgraded.

    Guess you'll be chumming for the 1927D PCGS MS67 in the Morse Sale then, huh SG? It doesn't matter to you the coin came from an MS holder?

    Sure, I look at the coin, but the issue gets implanted in the back of my mind. I'm just one little buyer.

  • saintgurusaintguru Posts: 7,724 ✭✭✭
    I want the Morse Ultra High Relief Ms69!!!image

    MY GUESS....$3 Million!!
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