For $50,000.00 cash, tax free, would you walk away from the Registry?

braddick · January 14, 2002 9:20AM

Ok, here's the deal. You get to keep your coins but you must drop out of the Registry and never participate again. Either directly, or indirectly. If you're caught doing so, you forfeit your prize money.
Would you do so for $50,000.00?

CarlWohlforth · January 14, 2002 9:28AM

Yes. I'd probably even buy some coins with it too

I'd sell my #1 Proof Jefferson set for a crazy price too. How could I not? I keep kicking myself on not selling all my stocks at the top...

7summits · January 14, 2002 9:30AM

Sure, money talks . . . where do I go to get my money?

KoinKollector · January 14, 2002 9:31AM

In a heart beat.
I could finish half my set w/ $50,000

MJCoin · January 14, 2002 9:32AM

Actually, my coins have been outperforming my stocks three fold!

tjkillian · January 14, 2002 9:35AM

You've got to be kidding??? I'd do it in a heartbeat for $50.00 $50,000.00, that's a whole weeks' wage.

, I wish...

braddick · January 14, 2002 9:35AM

Some of you are missing the 'indirectly' part of this quiz. You couldn't take your prize money and buy anymore "Registry" coins! That's the part that makes this equasion tricky.

pop1 · January 14, 2002 9:41AM

So, let me see if I have this right, Pat...
I get $50k to step away from all the "rules" of etiquette associated with involvement in the registry, and, enter the world of leasing my coins to you guys?

Sounds like a "no brainer" to me.
Seriously, I wouldn't take the $$$, as the upside for growth of value of my sets, being connected to the registry, is greater than $50k now. Interesting question.

kyleknap · January 14, 2002 9:46AM

Yes. I'd actually do it for a lot less, but if you're going to give me $50k Pat, go ahead!

Kyle

Typetone · January 14, 2002 9:49AM

I think if everyone walked away the value of everyone's coins would go down. I think in the aggregate the registry is leading to greater demand for rare coins. The registry program has certainly added value to my coins. So, if for $50,000 I have to forgo future benefits, including future price appreciation I probably wouldn't do it.

By the way MJ Coin. If your stocks have dropped 20% and your coins have outperformed threefold, what % have your coins returned?

Typetone

JJacks · January 14, 2002 9:52AM

I enjoy the registry set listings, but I most certainly would for that kind of amount! As much as I'd hate it, I'd even stop collecting coins completely if necessary!

JJacks

braddick · January 14, 2002 9:55AM

JJacks- See related Thread on the Coin Forum. You're even being offered twice the cash!

khayse · January 14, 2002 10:03AM

I don't consider buying "registry quality" coins
to be indirectly participating in the registry but...

even if I did I would take the $50K to drop out.

Since I couldn't buy coins I would either buy a Porsche
or drop it in the stock market.

Greg, looks like you'll be the only one left if Pat pays us all
off.

-Keith H
ps Of course if I could spend it on anything I would finish(?) my
Walking Liberty Half collection.
edited to fix my distracted typing.

Cocoinut · January 14, 2002 10:15AM

Interesting concept, but if I took the money, I wouldn't be able to buy any more coins that could potentially appreciate in value. Also, you've got to remember that we're all mortal, and may someday want to sell our coins to Registry participant. While grading companies may come and go, I think the idea of some sort of registry will be with us for a long time. It may prove to be the wrong decision in the long run, but I'd pass on the $50,000.

Jim

Chippewa · January 14, 2002 10:35AM

OK

I am upping the bidding in this contest. However, this is my final offer. I will drop out of the PCGS Registry race forever (right now I have one set of gold commems only) for $2000. I will drop out of both the NGC and PCGS registries forever for $10,000. Please confirm your acceptance of this offer at your earliest opportunity.

Best regards and with full confidence in the conclusion of a mutually satisfactory agreement,

Rod

Wingsrule · January 14, 2002 10:38AM

The way it was worded, I get the cash, keep my coins, and can't participate in the Registry. But I can still continue to buy/sell/trade/assemble any type of collection I want, but I can't share that info in public registry. Hmmm. Where do I sign?

robbnsc · January 14, 2002 12:27PM

Yes, if no restrictions on how I use the money. I am getting burned out on Registry anyway. In fact, two of my sets were removed by me yesterday.

gmarguli · January 14, 2002 1:00PM

No. If there were no Registry then I'd have to spend a lot of time looking at coins instead of numbers on an insert. That's just too difficult. I'd rather buy numbers on an insert because they are the highest numbers available and feel important rather than buy coins I liked.

JJacks · January 14, 2002 1:11PM

Braddick: Being "offered" twice as much?! I don't really think so! However, I will be happy to send my email address so that the sum (either sum!) can be sent to my paypal account!

JJacks