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PCGS Set Registry Importance Grows
MoneyLA
Posts: 1,825 ✭
Just got the Superior Galleries catalogue for the "Elite" sale in January and there are several mentions in the catalogue for coins that exceed those listed in Registry sets, and other references that point to demand for "registry set" coins. This is making me want to hang on to my registry set maybe a wee bit longer. I see more "value" building into registry set values. cheers, alan mendelson
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I think you'll see more and more of this after the first of the year.
Registry 1909-1958 Proof Lincolns
I'm not sure I'd say registry sets are growing in importance, but they're definitely receiving a push in auction catalogs and dealers' ads. Not too surprisingly, David Hall's ad in the Dec. 31 Coin World is devoted entirely to registry quality coins.
Be honest. You didn't REALLY want to sell your proof quarters anyway, did you?
Jim
It will be interesting to see if the NGC Registry acvhieves the same stature, if that's the right word, as PCGS. Clearly, the number of sets registered at NGC is very much less than PCGS, but of course they have just started. And a number of the sets at NGC seem to be the same folks as at PCGS.
HD
All the hype for "Registry Set Quality Coins" is aimed at the deep pockets individuals in an attempt to sell more high end material and keep the prices up for those. It is a means to stimulate demand.
Given that I am on a small budget (like most collectors) and I will never compete for the top sets, it gives me no less pleasure to have a registry set.
Even if there are 200 Mercury registry sets a few years down the road and I am fighting to stay in 50th place, I will still enjoy the thrill of the chase for new coins in the price range I can afford.
I think it is important to understand that there are many motives of varying types, including greed, self satisfaction, ego, information sharing, advertisement that can and will be associated with the registry sets. That is one reason that the registry sets will always have someone agitated, as what pleases one collector type displeases another.
Overall, I am happy in my niche and no matter what PCGS does (including require varieties - my own hot button) I will continue to support the registry sets. I guess my glass is always half full
It seems like every time I read one of your posts, you're saying what I'm thinking.
It doesn't matter what number my set is at, I'm going to savor each little step I make. And hopefully while doing that will get to share some of my interest with others who are doing likewise.
Great post Deep Coin,
madmike
Earlier this year was a big fuss by some board members being upset because the amount being spent on some coins seemed crazy to many other board members. They started threads about "It is my money, and I will spend it the way I want" and so on. No one is questioning that, it is the people who may be taken in by the hype and never realize their may be a downside to some of these coins. All the people who call this "hype" and so on are trying to do is help someone see there is two sides to the issue. Ironically, the one person who yelled the loudest about this possible downside is the one who was complaining that they were not listed as being a possible candidate to press registry issues. Who wants a one sided thinker thinking for them?
If you like what you collect, you will be a winner regardless of value.
Enjoy your coins and not their pricetags or their ranking.
It's all about the coins!
-Keith H