Registry Sets common?
numonebuyer
Posts: 2,136 ✭
I presently have a Morgan Registry Set. It has ranked in the to 50 for a couple of years now (it is 46th out of 280 right now). It is a complete set of Morgans with an average weighted grade of 54.65. I was wondering if dealers actually think it is a good thing or a bad thing to have a local person with a relatively speaking high ranking complete Registry Set? I wouldn't think it was very common considering how many local coin shops are in the country compared to the number of complete Registry Sets.
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<< <i>I presently have a Morgan Registry Set. It has ranked in the to 50 for a couple of years now (it is 46th out of 280 right now). It is a complete set of Morgans with an average weighted grade of 54.65. I was wondering if dealers actually think it is a good thing or a bad thing to have a local person with a relatively speaking high ranking complete Registry Set? I wouldn't think it was very common considering how many local coin shops are in the country compared to the number of complete Registry Sets. >>
I don't think they care either way. Why would they? Besides, how would they know it was a local person (unless you told them)? I know in my city there are a few truly outstanding sets that are not in the Registry. I'm just glad to see that there serious collectors in my locale, but I rarely sell anything to them due to the 8% sales tax in NY. Or, maybe they just don't like me, loveable as I am!
Ira
<< <i>Why would they care? If they knew who owned a particular Registry Set, and they knew this owner was interested and/or actively upgrading that set, then they would be able to help that owner upgrade the set. >>
The truth of the matter is, most local dealers never attend any large shows....just the small local ones, so finding all but the most common coins in nearly impossible. Not only do they have to find them, the coins must be in a PCGS holder to boot.The Registry participant is far ahead if he already knows a large and active dealer who regularly attends shows and prints out a want list for him or her. From what I've seen, most Registry particiapnts don't want the locals, whether they be dealers or collectors, to know ANYTHING about the composition of their collection(s).
Besides, unless you have a really good relationship with a dealer do you think he's going to stick his neck out and buy the particular dates you need only to have you reject them for appearance or cost? Then he's stuck with coins he probably never would have bought for inventory and will sell them at a loss. That's the very last time he'll ever find anything for you!
With the Internet, there are MANY sources for what you need, whether it's eBay or delaer websites or large national auctions. The local coin shop is, in my opinion, one of the last places you'd use to find what you are missing.
Ira