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Should the # of sets in the registry be limited

STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭
in PCGS Set Registry Forum

It seems to me that in December 2005 there are more categories as well as sets in the Set Registry that anyone ever imagined.
Is BJ really this good.I have no doubts and I believe she will increase the #'s more in the future.
However it is my belief that the Set Registry has also gotten commercialized. Do you think it is healthy for the Registry to become more and more commercialized ?

Stewart

Comments

  • ksteelheaderksteelheader Posts: 11,777 ✭


    << <i>It seems to me that in December 2005 there are more categories as well as sets in the Set Registry that anyone ever imagined.
    Is BJ really this good.I have no doubts and I believe she will increase the #'s more in the future.
    However it is my belief that the Set Registry has also gotten commercialized. Do you think it is healthy for the Registry to become more and more commercialized ?

    Stewart >>




    Are you afraid of the competition???image
  • mozeppamozeppa Posts: 4,431 ✭✭✭
    STEWART....do you mean "commercialized" in the sense that more and more of the top registry sets are owned by corporations and

    the larger coin shops ...instead of purist collectors?
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    Frankly, I think that NGC is kicking PCGS' rear in innovation and responsiveness in the registry game. How do the number of sets compare between here and across the street?
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • MrEurekaMrEureka Posts: 24,275 ✭✭✭✭✭
    However it is my belief that the Set Registry has also gotten commercialized.

    Steward - Please explain!
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • BAJJERFANBAJJERFAN Posts: 31,095 ✭✭✭✭✭


    << <i>Frankly, I think that NGC is kicking PCGS' rear in innovation and responsiveness in the registry game. How do the number of sets compare between here and across the street? >>



    Well, across the street there are 488 basic sets of Morgans in various states of completion which are a mix of NGC and PCGS graded coins and a few are exclusive or heavily oriented to one slab or the other. There are 291 basic sets registered at PCGS, so in round numbers there are about 100 more "over there". I would guess that the inclusion of PCGS graded coins has helped the NGC registry a bunch. The PCGS registry is still easier to use IMO.
    theknowitalltroll;
  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    Andy - A coin collector is determined by how much one can afford.The life of a coin collector is short lived.Everyone is concerned what the coin grade says on the holder.There are now slab collectors instead of coin collectors.

    The term "rare coin" is an oxymoron.There is more money invested in coins,more auctions and more coin collectors than ever before in Numismatics.Even the mint is selling more coins than ever before as quick as they can mint them.

    Stewart
  • SteveSteve Posts: 3,312 ✭✭✭
    Stewart,
    Don't you think there are STILL alot of coin collectors like me who have chosen a particular denomination and series to collect, and have concentrated and built a nice complete collection? Many of these collectors have chosen NOT to put their coins into the PCGS or NGC registry because either they don't know about the registry or because they fear for security.

    Sure, it's "all about the MONEY" to some registry participants, but I believe there are also a large number of viewers of these forums who enjoy collecting for the fun of it and don't spend "big money" at shows and at auctions in order to achieve high ratings in the PCGS or NGC registry. Take a look at my complete Lincoln proof set below. It is currently #3, but you know what, my enjoyment with this set is knowing it is complete and I can display it. There are a number of others that may well jump ahead of me, but so what?

    See, Stewart, a coin collector is NOT determined by how much he can afford. It is determined by how passionate he or she is about the coins they own. Just my opinion.
    Steveimage

    HAPPY HOLIDAYS, EVERYONE!
    My True View Album

    My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
  • morgannut2morgannut2 Posts: 4,293 ✭
    GOTTEN commercialized???? You're kidding--it was ALWAYS just a big promotion to fake out buyers into going after the highest graded plastic. Yep, they're exceptions--Sets of moderns subnitted by the collector themselves, neat older sets where a great "eye" picked out the top coins from raw old-time collections. But the top sets are often not the most eye appealing beautiful GEMS-- more likely COMMERCIAL, REWORKED, CONSERVED, DIPPED, BORING examples where the grade made a big $$$ profit for the seller---
    morgannut2
  • ksteelheaderksteelheader Posts: 11,777 ✭
    Gee, remember my idea at the Pittsburg ANA Registry dinner where I suggested Registry sets where the owner had to "make" each coin by sending it in raw to be graded and then put in a set.

    You people and David Hall laughed at me.

    I guess it's all in the "money"!!!
  • goose3goose3 Posts: 11,471 ✭✭✭
    Hey Ken!

    I laugh at you all the time!!image

    Now get your butt back over to the OF buddy boy!
  • MrEurekaMrEureka Posts: 24,275 ✭✭✭✭✭
    However it is my belief that the Set Registry has also gotten commercialized.

    Stewart - You're a Registry collector. Is that why HRH considers you a dealer?
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • weresteveweresteve Posts: 1,224 ✭


    << <i>However it is my belief that the Set Registry has also gotten commercialized. Do you think it is healthy for the Registry to become more and more commercialized? >>



    To quote _The Great Yogurt_ "Merchandising, merchandising, where the real money from the movie is made. Spaceballs-the T-shirt, Spaceballs-the Coloring Book, Spaceballs-the Lunch box, Spaceballs-the Breakfast Cereal, Spaceballs-the Flame Thrower." or as P.T. Barnum so aptly put it ... “There's a sucker born every minute.”

    As far as CU is concerned ... the more commecialization the better as it helps to promote the services and opinions they render ... otherwise what would be the point of their existance in the first place. Further diversification of the Set Registry would serve to further promote this sort of crass commercialism as more and more collectors compete for that ever illusive #1 spot at the Top of the Pops.

    1st You Suck - 04/07/05 - Thanks MadMarty!

    Happy Rock Wrens

    You're having delusions of grandeur again. - Susan Ivanova
    Well, if you're gonna have delusions, may as well go for the really satisfying ones. - Marcus Cole
  • lloydmincylloydmincy Posts: 1,861 ✭
    Stewart: I know you well enough to believe you HAVE to be sarcastic with that question. They should NOT be called Registry Sets. They should be renamed THE COMMERCIALIZED MARKETING OF THE SLAB Sets. They are called REGISTRY to keep the sucker herd pumping in their $$$.
    The Accumulator - Dark Lloyd of the Sith

    image
  • RussRuss Posts: 48,514 ✭✭✭
    You people are so cynical. Maybe the registry concept was born of altruism on PCGS's part in their ongoing selfless effort to serve the collecting community.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • RBinTexRBinTex Posts: 4,328 ✭
    Still waiting for a Proof Roosevelt Dime w/ Varieties set 1950-Date image


    BTW, Merry Christmas to all image
  • orevilleoreville Posts: 11,998 ✭✭✭✭✭
    I do not think the greater the number of sets, the more the registry concept gets commercialized. If anything, it might have the opposite effect.

    It has a neutral effect at the very least.

    Why? The larger the number of sets, the more diffused the interest level is in each set.

    Example; the more kind of sets there are in a particular series, the more ho-hum reaction we will have towards the growing number of bewildering sets.
    A Collectors Universe poster since 1997!
  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭
    Lloyd - You are absolutely correct !

    Andy - HRH considers me a pain in the A$$ and whether he considers me a dealer or collector is irrelevant

    The slabbing of coins was started as a way to protect the innocent collectors or buyers of coins from being scammed.
    Because of commercialization when PCGS makes a mistake with coins that are misgraded such as the 1963
    Proof 70 Lincoln cent or the 60 D FS Jefferson then fanatical colllectors get a stick inserted where the sun don't shine.
    Slabbing has created "Modern Pop Tops" that are artificially marketed.This population is controlled by PCGS.
    How many people can really tell the difference between Proof 69 and Proof 70 ?

    Stewart
  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭
    RBin Texas - Perhaps you should inform HRH by e mail that he neeeds to value the 68 no s Proof Roosevelt
    dime in their price guide AND include it in the Registry.

    Stewart
  • ksteelheaderksteelheader Posts: 11,777 ✭




    << <i>The slabbing of coins was started as a way to protect the innocent collectors or buyers of coins from being scammed. >>



    I believe it still does.



    << <i>Because of commercialization when PCGS makes a mistake with coins that are misgraded such as the 1963 Proof 70 Lincoln cent or the 60 D FS Jefferson then fanatical colllectors get a stick inserted where the sun don't shine. >>



    There is a grade guarantee isn't there? Human beings also are prone to making mistakes!



    << <i>How many people can really tell the difference between Proof 69 and Proof 70 ? >>



    Those that deal in them can.



    << <i>Slabbing has created "Modern Pop Tops" that are artificially marketed. >>



    Care to explain this one??
  • lloydmincylloydmincy Posts: 1,861 ✭
    kteelheader:

    How deep in the sand IS your HEAD????image
    The Accumulator - Dark Lloyd of the Sith

    image
  • MrEurekaMrEureka Posts: 24,275 ✭✭✭✭✭
    << The slabbing of coins was started as a way to protect the innocent collectors or buyers of coins from being scammed. >>

    Naturally. However, at the time, there was also a tremendous need for standardization. Some may remember how in 1984-85, pre-PCGS, HRH was promoting the market for coins he graded "65". The CDN would pick up the higher bids, but it was hard to sell 65 coins at (or sometimes even near) bid if HRH didn't buy it. The gap between a HRH/CDN 65 and everyone else's 65 was getting wider and wider. Something had to give, and PCGS was born.

    At least that's the way I remember it. Others may remember differently.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    I have a fairly similar recollection to that noted by Andy above.

    I was a buyer for David Hall, before, during and after PCGS was formed. Way back then, because we often paid considerably more than almost any other dealer, for "gem" coins which met our standards, we literally had people standing in long lines to offer us coins at coin shows. THAT was fun!

    There were a very small number of other dealers who would also pay very strong prices for such coins, but if/once we and that small group passed, the asking prices would often drop significantly.

    Despite its well documented flaws, the formation of PCGS (and NGC which followed) has added considerably to the liquidity of, and the eveness of the playing field within the rare coin market.
  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭
    Mark - Was David Hall buying high grade modern crap before PCGS began slabbing coins ?Do you think he will be buying modern crap today ?!

    Stewart
  • cladkingcladking Posts: 28,684 ✭✭✭✭✭


    << <i>Mark - Was David Hall buying high grade modern crap before PCGS began slabbing coins ?Do you think he will be buying modern crap today ?!

    Stewart >>



    I doubt it.

    But it wouldn't be surprising if he were stashing away some raw stuff since he obviously appreciates
    the growing demand and enthusiasm for the coins if not the scarcity.

    I can pretty much assure you he had no interest pre-'95.

    Certainly I may stand corrected even before this thread sinks into the archives. image
    Tempus fugit.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>Mark - Was David Hall buying high grade modern crap before PCGS began slabbing coins ?Do you think he will be buying modern crap today ?! >>

    Stewart, I will try to answer your first question if you care to provide your definition of "modern crap". I am certainly not qualified to answer your second question.
  • morgannut2morgannut2 Posts: 4,293 ✭
    Modern Crap depends on when--Certainly Gregg Rohan was overpaying for Full Step Washinton Nickels in the 70's--way before the Registry Boom and crazy prices. Before that in Montana where I lived-- Morgan Dollars circulated instead of paper-- and Wayne Miller was paying crazy money for nice uncirculated "modern" Gems if you found them at your bank in Helena or Great Falls.

    DON'T Limit the NUMBERS!!!!___There's NOT enough categories of sets in Morgans--The reason is most collectors don't have a few million $'s around to buy a full set in Gem or even Choice. They get discouraged and GIVE UP!! Smaller groupings helps people of lesser means put a neat set of Vam's, CC Mint, O Mint, S Mint, etc together and still aquire nice eye appealing coins for their registry.image
    morgannut2
  • MoneyLAMoneyLA Posts: 1,825 ✭
    Limit the number of registry sets? thats like killing the goose that laid the golden eggs!!
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>Certainly Gregg Rohan was overpaying for Full Step Washinton Nickels in the 70's >>



    I can understand why. Those are very rare.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • dbldie55dbldie55 Posts: 7,731 ✭✭✭✭✭


    << <i> Before that in Montana where I lived-- Morgan Dollars circulated instead of paper-- and Wayne Miller was paying crazy money for nice uncirculated "modern" Gems if you found them at your bank in Helena or Great Falls. >>



    What if you found them in Billings, Bozeman or Missoula?
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
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