PCGS Registry "Hype". Where? Where is it?

braddick

I was reading another Thread on this forum and one theme in it was the "Registry hype". It detailed how when the hype ended the market for some of these Registry coins was going to crash and burn. Maybe. Maybe not.
But, on topic of this thread: Where is the hype? Other than this forum, whos participants I would refer to as dedicated, enthusiastic Collectors, who else cares or 'hypes' up the Registry?
At Long Beach last week none of the Dealers I spoke with referred to any of their inventory as "Registry Coins". They may well have been, but there was no hype.
Advertisements in the trades: Where is the Registry hype? Sure, a Dealer or two (David Hall comes to mind) will speak of the Registry in terms of their inventory, but hype?
A mere mention of the PCGS Registry is in no way hype. I just don't see it.
Do you?

Endocrinologist

Braddick,

I think you make a excellent point. Every coin show I go to, there are hardly any "REGISTRY" coins. Most of the coins at shows are Raw. There are a few tables that are all slabbed but there is little action at those tables.

We are a biased group of collectors because we are internet savvy, we all shop on line, we use email and surf the web everyday, and we have registry sets.

Probably if you take a poll of 100 collectors at random entering a coin show, only 20 of them would even know about the registry and only a couple would even have a set.

Endo

wondercoin

Pat: Consider another point as well.

The "Registry" is so big now that many of the most expensive Indian Cents, Buffalo Nickels, Liberty Nickels, Mercury Dimes, Classic Commems and other "classic" coins are now being marketed as "Registry" coins! So, when you speak of Registry "hype" (or the lack thereof) it is beginning to draw upon virtually all US coins from around 1883 to date!! If this continues, "hype" just starts to blend into a sizzling US Rare Coin Market (as many dealers simply profess is going on these days). Has anyone else noticed that the early days concept of the "registry" relating to "modern coins" is beginning to erode into a full fledged connection between "Registry" and a broad based "hot" coin market including many of the coin areas I mentioned beginning now around 1883-date! Wondercoin.

Higashiyama

I think "sophisticated promotion" is a more accurate description than "hype".

pop1

Troll Patrol?
I think about a question in addition to "Where?".
Other than a couple of print ads from DHRC, as mentioned, and DLRC, I think, "hype" and any other "talk" is almost only here on the registry board, a likely place to find any discussions of registry coins, and I don't see much "hype" here, anyway.
Basically, here on the Set Registry Forum, I see only discussions of our shared hobby, in its specific form.
The real question, I think, is "Why?".
Why preach to the choir, so to speak?
Why the incessant warnings to fellow collectors, implying those who don't heed these warnings will be sorry in some way in the future?
Why the assumption that registrants can't grade?
I really can't answer the "Why's?".
It has gone beyond "friendly advice".
Personally, I see more "anti-hype" on our forum now, and it's probably done just for the fun of it.
Troll Control?
Parole a Troll?
Shall we take a poll?
(That's enough Suess for my two-year-old)

grip

I think (in my opinion) the registry is like a bonus,if im going to put a set together and there was no Reg,i would still persue it.Al

Coinmonger

Here in this thread, for starters...

Higashiyama

The hype.
The word,
It took it's toll,
I bought the stat,
Ignored the troll.
Finances red,
You'll find it droll,
Across the pond,
I'm on the dole.

lazeroo

your right braddick, I don't see much hype except here and on a few sites.
there are some of the people from this board that try and hype there coins on ebay .
most of the people that buy there stuff are from here also .

most collectors still buy the coin and not the holder. I myself need to buy some holders.

Dabigkahuna

The way I see it,
It is kind of two edge sword. On one hand I would like to see a lot of hype and enjoy the benefits of having a "finest" Merc Set or the number one Type set or see how it compares to others believing that somehow all this may make the coins more valuable, what with all those new collectors rushing to buy the same coins.
On the other hand, I still need most of those coins and so do a lot of current registry members and who likes paying run away prices for a coin that would have probably been gathering dust a week or two before. (unless you had the coin gathering dust!)
I have been noticing the slow and steady growth of sets and new members to this site ever since I joined about a year ago. There have been moments of "hype" but I don't see anybody really out there promoting it. I don't see anyone really slamming it either. Maybe it is by word of mouth or by members who buy and sell on Ebay but it would seem that word is getting out by itself and I think this is a good sign of a real "base of collectors" forming on its' own and not a here today gone tomorrow fad. IMHO


Larry
Dabigkahuna

DHeath

Dabigkahuna is perfectly correct. Why wouldn't we (the people who follow the registry) hope to promote and advocate it's acceptance. I personally like the way PCGS grades coins (I can't believe I'm saying this after my last submission!) . Although no service is perfect, they seem to insure a higher level of consistency than most of the other grading services. I'm rarely disappointed in a PCGS coin purchased online, but I can't say my experience has been the same with other services. I like NGC alot also, but they are far more liberal with cameo designations and seem to grade a little more liberally IMHO. Why not promote the superiority of registry quality coins. If that process helps educate prospective buyers and sellers is it a bad thing? As more and more coins are traded online, there is far less opportunity for misrepresentation with PCGS coins than with raw coins being sold to inexperienced graders.

quattrocoins

I agree with Mitch and Higashiyama; a growing interest in the registry program will ultimately lead to a hotter coin market in general, and the registry program is being used as a promotional "tool". I see more and more sellers using "registry quality" in titles and descriptions.
I also agree with Larry about the two edge sword thing. But a rising AND a falling market will always have that sword.
I think that more important is his statement "Maybe it is by word of mouth or by members who buy and sell on Ebay but it would seem that word is getting out by itself and I think this is a good sign of a real "base of collectors" forming on its' own and not a here today gone tomorrow fad."

I just added some subtle "hype" in feedback to David Hall.

Regards,

Don

edited to add:

Full Split Bands,
MS68 Wasingtons,
PR69DCAMs, and

Coin Finder

Braddick, you get the best posts going!! I see very little hype. I do not think the reg. set program has even come close to its potential. As the next generation or new generation of coin collectors and collecting grows, these sets will become more important. The reason is that never before have so many coin collections had the oportunity to showcase to thousands of people outside a major coin show. Now you can scan and set up entire collections on the net. I think PCGS will make a bigger deal out of completed reg. sets in the future. They may pedigree and photograph and make these sets available for mass viewing I would guess. Maybe the next generation of holders will have the edges viewable!! How about a holder that enables you to take the coin out and only that coin can go back in!! This is doable. You can scan your entire collection and post it to the net without a single grade showing if you want to. Crop out the slab insert and you have a great way to present
( except the edges ) Technology Internetwise is in the beginning stages I think. The internet will be used more and more for many different things to come.



Yes, there are many coin collectors out there that do not even own a PC much less want to. They probably have all the best coins too!! Time will march on and leave this hobby to a different version of this hobby in the next 10 years. The Large cent collectors and other old time collectors will either have their collections sold off and slabbed, or they will pass them down with the caveat that they NOT be slabbed,( this may work, may not) or their owners will donate them to a museum to insure no slabbing. For the other side of the argument, I know guys that buy slabs now and crack the coins out to add to their collections. As Reg. sets are put togther, I think the crack outs will slow down to just upgrades within the set. I am off topic a bit, but the future as I see it looks good for reg sets and many, many other products to come. If I am wrong ....fine, If I am right, again, fine. I like the idea for now, that may change when I become "enlightened", so if you disagree with me then enlighten me, for now I am a big supporter of these sets.

Tbig

DMWJR

Roosevelts 1946-1964: set value
Roosevelts 1965-present: "Hype"

The Registry is just a reflection of low pops. People collected low pop coins before the Registry, and they will do so after the Registry is dead and buried. I don't see the hype, or the drop in the market, in general. Yes, certain coins are going to drop at given times. It happens all of the time, whether there is a Registry or not.

Maybe most dealers don't care about the Registry, but they still care about low pops. So do a lot of collectors. If you want to collect a set of silver Roosevelts (46-64) in MS67, it sounds like it wouldn't be that difficult. Well there are two dates that have pops of 18/1 and 18/0. Then there are two more that have 21/0. Each of these four coins has had about 500 submissions. That's less than eighty coins out of 2,000 submitted, and you will need FOUR of them. You also know that nobody is submitting MS60's either, so high grades are submitted to start with.

Bank on reasonable, low pops. I don't think there will be a flood of MS68's in the silver Roosie series, so I think my value will stand. On the other hand, I have a set of Roosies from 65 to present. Some have low pops because nobody cares about submitting them. I collect those just for fun, and I'm really not concerned about the value aspect. Those would be "hype" coins if anybody was "hyping" them. So far they only get flamed on the Registry.

kieferscoins

<< <i>The Registry is just a reflection of low pops. People collected low pop coins before the Registry, and they will do so after the Registry is dead and buried >>



Do you think the registry will die out, or PCGS will die out and so will the registry. I think it will stay and be popular as long as PCGS coins are accepted by the collector and dealer.

Cameron Kiefer

DMWJR

I guess what I meant to say is that I think the registry is a by-product of people wanting the finest coins graded by the most strict service. The did it before the registry, and if the registry dies, they will still do it.

The registry just allows us to see how we stack up in our endeavors, and to also enjoy the sets of others that we would have never known about. For instance, I would have never known that Merz broke the floodgates open on early Lincoln CAM's with his 1937. That was really fun to watch. I wouldn't have known anything about it just by seeing a "1" appear on the pop reports. Sure, I would have been chasing a CAM after I saw the "1", but I wouldn't have enjoyed it half as much without the story.