Poll: If the PCGS Registry no longer existed...
RYK
Posts: 35,800 ✭✭✭✭✭
how would the coin hobby change for you?
Would you yourself do anything differently?
Would your interest in collecting increase or decrease?
Would you even notice?
(Assume for the hypothetical that there are no other registries extant.)
Would you yourself do anything differently?
Would your interest in collecting increase or decrease?
Would you even notice?
(Assume for the hypothetical that there are no other registries extant.)
0
Comments
I couldn't care less.
Keeping up with the Joneses is not my style, nor is watching the scoreboard of those who feel the need.
<< <i>Zero effect >>
ditto
<< <i>how would the coin hobby change for you? >>
It wouldn't. You can't register errors
<< <i>Would you yourself do anything differently? >>
Nope.
<< <i>Would your interest in collecting increase or decrease? >>
Neither.
<< <i>Would you even notice? >>
Not at all
of course would people use it? who knows. i just know what it
consists of is trivial to reproduce for certain sections...
not the whole thing! geez, that is a lot of data entry.
to have several sets registered in the future.
It would have some effect on me otherwise because it would probably goose the
modern markets a little and reduce some demand for the very high grade coins. The
net effect would be highly positive for me from a financial standpoint but would be
a little disappointing anyway knowing the registry wouldn't be there when I'm ready.
Ha!
Many registry participants who play the game seriously do not qualify in my mind as coin collectors. They are little more than number and plastic buyers. Their participation in the market place have inflated prices in the high grade market making real collectors unable collect at those levels. I often marvel at how these people who in many cases never collected in the past, enter the marketplace and buy these sets in a year or two and call themselves collectors. Don't get me wrong here, some of these sets have been put together by knowledgeable dealers and in many cases do have some magnificent coins.
But in my opinion, this is not what collecting is all about, and the pricing pressures often leave true collectors only dreaming of owning some of these coins instead of allowing them to actively pursue them. The registry game is more responsible for the two tier market we see today than anything else. And this is not a good thing for my hobby.
fatman, you use words like "true" or "real" collectors.. which is not really fair. we should not criticize anything that brings more people to the hobby. Maybe 1 out of those 100s becomes a more knowledgable collector.. and that should be worth the pain.
i guess.
i like the registry set thingy. it is what i expect to find on the internet now days. if some want to turn it into a competition that is their choice.
idle rambling
<< <i>My guess is that this would be a good thing for true coin collectors.
Many registry participants who play the game seriously do not qualify in my mind as coin collectors. They are little more than number and plastic buyers. Their participation in the market place have inflated prices in the high grade market making real collectors unable collect at those levels. I often marvel at how these people who in many cases never collected in the past, enter the marketplace and buy these sets in a year or two and call themselves collectors. Don't get me wrong here, some of these sets have been put together by knowledgeable dealers and in many cases do have some magnificent coins.
But in my opinion, this is not what collecting is all about, and the pricing pressures often leave true collectors only dreaming of owning some of these coins instead of allowing them to actively pursue them. The registry game is more responsible for the two tier market we see today than anything else. And this is not a good thing for my hobby. >>
I understand the sentiment and don't disagree with you but I believe you are mistaken about the cause.
It's not the registry that is driving the prices of the high end coins it is more that most collectors have al-
ways sought quality and it's only since the advent of third party grading and the internet that such coins
are widely available. In the old days (pre-'86) one could only locate the top secimens of a very few coins
that dealers and those in the loop paid attention to. It wasn't feasible to look for most coins because
there was no source for them.
Now there is and collectors are seeking them.
I got back into collecting due to the registry and the internet making a more liquid market for the coins. I would have had to set up a database for each collection, so it saves time for me. Also, it is a way for me to display the collection to a broader audience than just my family or the local coin club. (I don't have all the coins photographed but I am working on it.)
In my early days, the 'true' collectors found coins raw in change or in the attic. As soon as we started buying coins from other collectors, we started down the path to where we are today.
Open to suggestions here.
Badger
Link to 1950 - 1964 Proof Registry Set
1938 - 1964 Proof Jeffersons w/ Varieties
Kind of pathetic aint it Goose.
Actually, MOC, my polls provide a starting point for numismatic discussion and an opportunity for guys like you to take a cheap shot at me. I think it is a win-win proposition, don't you?
Last I checked...
I am over 18, and you are not my parent.
You are not my wife.
I will sign off when I please.
Edit: Oh, you are not my boss/employer, either.
You have to admit that set registry has been partially responsible for the increases in values. The registries brought attention to the population reports, then the understandings of true rarity.
Yes, there are people who collect grades on plastic holders. That problem frustrates me, but not everyone has the time to be a true numismatist. The truly great registry sets built by numismatists are obvious. If someone takes the time to develope descriptions of each coin and professional quality images, then that might be a clue about the quality of the collecting knowledge behind the set.
Personally, I very proud of the online display of my NGC Seated Dime registry set. There are countless hours of effort here. How else can you display a set of this quality to the collecting community? It is all because of set registries.
<< <i>Fatman,
I got back into collecting due to the registry and the internet making a more liquid market for the coins. I would have had to set up a database for each collection, so it saves time for me. Also, it is a way for me to display the collection to a broader audience than just my family or the local coin club. (I don't have all the coins photographed but I am working on it.)
In my early days, the 'true' collectors found coins raw in change or in the attic. As soon as we started buying coins from other collectors, we started down the path to where we are today.
Open to suggestions here.
Badger >>
Badger, I'm glad that the registry helped get you back into collecting. I too have my sets registered for some of the reasons you mentioned. The registry is a great way to share coins with other collectors and certainly when presented with images and comments can be quite rewarding for the owner as well. I was speaking more in terms of the macro effect of the registry sets. The Registry is a huge marketing success benefiting both the TPGs and dealers with the collectors paying the bill.
In context of the poll, my comment was that most coin collectors (not plastic buyers) would not change their collecting habits all that much if the registry did not exist. And that I do believe we would see the two tier market gap lessen to a degree.
<< <i>5. it would give us ,thankfully, one less subject for you to initiate a poll on. >>
That should be "on which to initiate a poll."
Russ, NCNE
Russ, NCNE
I might be able to finally buy some Lincolns!!!
Jack
<< <i>I'd still be hunting for the raw sow's ear... >>
...another new variety???
<< <i>That should be "on which to initiate a poll." >>
Hey Russ. Try "on which to initiate a hard."
Disastrous on a date.