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Registry Set interest waning?

Someone recently posted that interest in the Registry Sets is beginning to wane. Do most forumites agree? If so, what does that mean to all of us that have highly rated sets? Obviously, the values listed in the PCGS Price Guide must be overstated by some multiple. Will anyone make buying or selling decisions based on an expectation that the Registry Sets are losing their luster??
What we've got here is failure to communicate.....

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Comments

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,419 ✭✭✭✭✭
    Waning interest won't impact my buying and selling decisions. Registry interest for my coin series has never waxed so it can hardly wane.
  • rainbowroosierainbowroosie Posts: 4,875 ✭✭✭✭
    The problem is non-availability...when someone gets a great coin, they hold it...no one is selling great coins for most series..this does NOT include $100K+ coins which are available, but few can afford...For example, if you put a pop 1 or 2 roosie up, you'd get several strong bidders; same for many other "collectible" series.image
    "You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
    rainbowroosie April 1, 2003
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭
    It was inevitable, and happened earlier by stages.

    All the excitement of the early shuffling and reshuffling happened because of the at-last manifestation of great collections, followed by a phase of intense competition as newer folks bought and rose toward the top. Most of the pop 1s and 2s are in strong hands now, and the ratings are increasingly set and unwavering.

    There remains an interest in collecting, simply categorizing or showing for its own sake, so the concept will by no means die. But the frenzy of the introductory years is definitely over.

  • lusterloverlusterlover Posts: 1,268 ✭✭✭✭
    9+% unemployment tends to make people put hobbies on the back burner....
    It'll be back. In the meantime, quality coins will always sell.
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    No, I don't see anything suggesting a loss of interest. I remember when it was a big deal when the total Registry set number hit 10,000.

    What is it now!image

    Also, I wish I could buy coins at the PCGS price list!
  • The significant reduction in post count is proof that interest is less than it used to be.
  • llafoellafoe Posts: 7,220 ✭✭


    << <i>The significant reduction in post count is proof that interest is less than it used to be. >>



    ... or that everyone that once posted on the Registry Forum have migrated over to the US Coin Forum.
    WANTED: Cincinnati Reds TEAM Cards
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    >>>.. or that everyone that once posted on the Registry Forum have migrated over to the US Coin Forum. <<<

    Exactly, no one post over here any more. If you want something to be seen.....you better put it on the U.S. Coin forum!!
  • I think another interesting question besides the level of interest in registry sets is the lack of fluidity in the top pop marketplace place. Whereas before a collector might have sold one or two pieces out of their set, I believe they are less inclined to do so because their registry rating would fall. Top collections sell all at once or stay in strong hands for a long time.
  • ambro51ambro51 Posts: 13,945 ✭✭✭✭✭
    This used to be where the Matte Proof Lincoln admirers club met, on a daily basis.

    it was fun.
  • bidaskbidask Posts: 14,022 ✭✭✭✭✭
    I have some nice coins but was never interested ingetting them on the pcgs registry.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • This is a sad post.
  • I suspect that part of it is due to the

    PCGS Set Registry Forums metamorphose into the Cosetta Robbins Forum.

    No offense to Cosetta, but it kind of detracts the appearance of the SRF when you see all those unanswered posts.
    "Wars are really ugly! They're dirty
    and they're cold.
    I don't want nobody to shoot me in the foxhole."
    Mary






    Best Franklin Website
  • could it be some people got turned off by some self-promoting egomaniac telling members they shouldn't post their coins if they aren't -66 graded or better coins, and that if they can't tell a MS64 coin from a -66 or better that they should have their grading skills challenged?

    hmmm?
  • WaterSportWaterSport Posts: 6,913 ✭✭✭✭✭
    As PCGS broadens the registry collection possibilities it may appear to be waning as there are simply a LOT more sets now, and the topics are more than just nickels dimes and quarters so to speak. But I think the enthusiasm has waned as there is no incentive beyond personal collecting to have a registry set. The top folks are top, period. Incentives like freebie grades are now reduced to once a year, the naming of pedigrees reduced from 95% done to 100% done, etc. I have stated many times PCGS has blown tremendous incentives like giving top folks a say in what should be added or deleted from sets, creating new sets, or even having your coins put in coin facts FOR FREE instead of having US pay...these are not positive incentives.

    WS
    Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
  • georgiacop50georgiacop50 Posts: 2,909 ✭✭✭✭
    Once you get so far in the rankings, it becomes clear you can't compete w/o deeper pockets than the guys above you.

    When it is just a matter of throwing fistfuls of money at the goal you are pursuing, it ceases to be fun.
  • Bankerbob56Bankerbob56 Posts: 1,397 ✭✭✭


    << <i>Once you get so far in the rankings, it becomes clear you can't compete w/o deeper pockets than the guys above you.

    When it is just a matter of throwing fistfuls of money at the goal you are pursuing, it ceases to be fun. >>

    image
    What we've got here is failure to communicate.....

    Successful BST xactions w/PCcoins, Drunner, Manofcoins, Rampage, docg, Poppee, RobKool, and MichealDixon.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,419 ✭✭✭✭✭


    << <i>Once you get so far in the rankings, it becomes clear you can't compete w/o deeper pockets than the guys above you.

    When it is just a matter of throwing fistfuls of money at the goal you are pursuing, it ceases to be fun. >>




    I can see how this is the case with the popular series like Lincolns, Walkers and Morgans. However, many of the more obscure registry sets have only a handful or participants and plenty of room at the top.

    I find myself competing with the hypothetical collections of long dead collectors (sometimes institutions) on the "all time finest" sets list. Some day it will be fun to top a Smithsonian set.
  • raycycaraycyca Posts: 1,706 ✭✭✭
    1. Part of the decrease in posting is due to bashing. I posted about a board member's bad deal, he swapped coins, slow in shipping, deleted one of his posts where he made a BIG mistake, etc during a trade. Too much bad publicity. Got most coins back, sold for hundreds more next day. Many top collectors REFUSE to post here due to BS.
    2. I collect the following Kennedy sets. Modern junk. There is a VERY strong interest at the top level. Made a cople top pops, including 3 Pop 1's. Had several offers including from others whom don't even collect Kennedys. I've started back in 1999 and will continue. Sold VERY few, less than 10. Been offered moon money, and others promising top money for several of my coins. They can't find them at any cost. I made my last several upgrades and they were hard. Yet, they only came from a single Whitman album bought from a dealer for about $20-$30. Over $10K came out so far. More to submit.
    3. I can't afford to pay cash for the upgrades I need. Possible trades, maybe. BUT, they are NOT out there. This past week is the first time I have seen an upgrade in about 4-5 years, besides the current years. Is my interest waning? NO! Just the opposite. Makes me more hungry. Gotta take a different strategy. Make them if they won't come to you.
    4. Several fellow collectors won't post out in the open, but, will PM me. I'd rather do that behind closed doors so as not to bother that complain that you collect modern junk, or are taking up bandwidth, etc.
    5. So if anyone has HIGH grade EARLY Kennedys, please PM me, NOT in the open. Thanks! image)))

    # sets Set names/types
    83- Kennedy circulation basic set
    383- Kennedy proof set
    94-Complete Kennedy set mint state and proof
    You only live life once, enjoy it like it's your last day. It just MIGHT be!

    image
  • renomedphysrenomedphys Posts: 3,813 ✭✭✭✭✭
    I don't think registry set interest is waning. I do however, think that there is a general sense that high-end material is being kept out of the hands of new collectors by old collectors that prefer not to sell. That in itself can lead to a "if you can't even compete, why bother?" mentality.
  • scherscher Posts: 924
    I agree with David and others about initial interest waning..inevitable..BUT...
    I think the +grades have put some of that fire back in..and in the classic
    commem area i would say..very competive..lots of place changes..heck in the 50pc
    I have been #1,#2,#3 each several times..and the 144 pc has movement too..and
    some bigtime pride..also competitve to show real top of line photos thru all grades.
    Bruce Scher
  • pontiacinfpontiacinf Posts: 8,915 ✭✭


    << <i>1. Part of the decrease in posting is due to bashing. I posted about a board member's bad deal, he swapped coins, slow in shipping, deleted one of his posts where he made a BIG mistake, etc during a trade. Too much bad publicity. Got most coins back, sold for hundreds more next day. Many top collectors REFUSE to post here due to BS.
    2. I collect the following Kennedy sets. Modern junk. There is a VERY strong interest at the top level. Made a cople top pops, including 3 Pop 1's. Had several offers including from others whom don't even collect Kennedys. I've started back in 1999 and will continue. Sold VERY few, less than 10. Been offered moon money, and others promising top money for several of my coins. They can't find them at any cost. I made my last several upgrades and they were hard. Yet, they only came from a single Whitman album bought from a dealer for about $20-$30. Over $10K came out so far. More to submit.
    3. I can't afford to pay cash for the upgrades I need. Possible trades, maybe. BUT, they are NOT out there. This past week is the first time I have seen an upgrade in about 4-5 years, besides the current years. Is my interest waning? NO! Just the opposite. Makes me more hungry. Gotta take a different strategy. Make them if they won't come to you.
    4. Several fellow collectors won't post out in the open, but, will PM me. I'd rather do that behind closed doors so as not to bother that complain that you collect modern junk, or are taking up bandwidth, etc.
    5. So if anyone has HIGH grade EARLY Kennedys, please PM me, NOT in the open. Thanks! image)))

    # sets Set names/types
    83- Kennedy circulation basic set
    383- Kennedy proof set
    94-Complete Kennedy set mint state and proof >>



    alot of the reasoning which took me out of the game is listed above, thanks for getting that across a heck of a lot better than I couldve Ray.
    image

    Go BIG or GO HOME. ©Bill
  • I think the problem is bigger than waning interest in registry sets. I think there is waning interest in coin collecting. Prices are lower, because there is less demand.
  • CommemDudeCommemDude Posts: 2,332 ✭✭✭✭✭
    I retired and am dispersing my set because I cannot get as fired up about + coins as some people are, I think it may have gone too far.
    Dr Mikey
    Commems and Early Type
  • This content has been removed.
  • NotSureNotSure Posts: 2,980 ✭✭✭
    Considering posts from March 29 are still on page 1.....I'd say it's either waning, or in a serious state of flux (ie, nothing available)...I'd lean towards waning, thanks to the new '+'. A set with one or two upgrades to a '+' (doesn't even need to be a full grade higher), can tumble a set that had been painstakingly put together over time, down a slot or two...takes the wind right out of your sails.
    I'll come up with something.
  • giorgio11giorgio11 Posts: 3,936 ✭✭✭✭✭
    Well to me it is frustrating to not be able to either find or afford the upgrades I need. I have started some new areas, but of course that just takes away from my primary focus, which has been Kennedy halves. I share many of the frustrations that Ray voiced so well. So -- upgrades, anyone?
    VDBCoins.com Our Registry Sets Many successful BSTs; pls ask.
  • orevilleoreville Posts: 12,138 ✭✭✭✭✭
    interesting discussion.
    A Collectors Universe poster since 1997!
  • Here's my opinion from a newbie (re: fresh) perspective. I'm not new to collecting, or to coins. I am, however, fairly new to professionally graded coin collecting, posting registry sets, and this forum. When I look at all the great collections of great coins out there, how many coins are needed to complete each set and the asking price of each individual coin in its highest AVAILABLE grade, I get turned away before I even start to consider collecting a new set. If I were to collect a set, it would be for the joy of collecting, not the competition of getting the greatest set.

    I don't have deep pockets, but I am by no means poor. I would consider myself the A-typical, median, middle-of-the-road-budget, ordinary collector. And I simply don't have the interest in being #422 on the list of Morgan Dollar registry set collectors. So I began collecting something I liked, had a low numerical count of coins and had a snowball's chance of being in the top 5. I picked the Ike Proof sets, because of the fond memories I have of those coins as a kid. I built a respectable set, but lost interest soon thereafter.

    About that time, PCGS introduced their Low Ball registry sets. I know a lot of hardcore collectors scoffed at the idea of collecting coins for how bad they are. I know it goes against the grain of the typical coin collector mindset. But its fun. Its challenging in many ways, but also attainable. I actually have a shot at becoming a top five collector in several LowBall registry sets I collect. Many collectors will turn their noses up at such collections, but the lowball registry set participation has been growing by leaps and bounds. And these sets can be made by ANYONE. It really, truly, is bringing the fun back to coin collecting for me. I know that my 1935 Peace Dollar in PO01, population 1, with none lower (obviously) will never attain the value of a high grade pop 1 of the same series, or even a high grade pop 50, for that matter. I'm OK with that. I'm collecting for the sheer joy of collecting again and the competition of trying to get the best (worst) set of a popular coin series.

    Greg
  • Bankerbob56Bankerbob56 Posts: 1,397 ✭✭✭


    << <i>Here's my opinion from a newbie (re: fresh) perspective. I'm not new to collecting, or to coins. I am, however, fairly new to professionally graded coin collecting, posting registry sets, and this forum. When I look at all the great collections of great coins out there, how many coins are needed to complete each set and the asking price of each individual coin in its highest AVAILABLE grade, I get turned away before I even start to consider collecting a new set. If I were to collect a set, it would be for the joy of collecting, not the competition of getting the greatest set.

    I don't have deep pockets, but I am by no means poor. I would consider myself the A-typical, median, middle-of-the-road-budget, ordinary collector. And I simply don't have the interest in being #422 on the list of Morgan Dollar registry set collectors. So I began collecting something I liked, had a low numerical count of coins and had a snowball's chance of being in the top 5. I picked the Ike Proof sets, because of the fond memories I have of those coins as a kid. I built a respectable set, but lost interest soon thereafter.

    About that time, PCGS introduced their Low Ball registry sets. I know a lot of hardcore collectors scoffed at the idea of collecting coins for how bad they are. I know it goes against the grain of the typical coin collector mindset. But its fun. Its challenging in many ways, but also attainable. I actually have a shot at becoming a top five collector in several LowBall registry sets I collect. Many collectors will turn their noses up at such collections, but the lowball registry set participation has been growing by leaps and bounds. And these sets can be made by ANYONE. It really, truly, is bringing the fun back to coin collecting for me. I know that my 1935 Peace Dollar in PO01, population 1, with none lower (obviously) will never attain the value of a high grade pop 1 of the same series, or even a high grade pop 50, for that matter. I'm OK with that. I'm collecting for the sheer joy of collecting again and the competition of trying to get the best (worst) set of a popular coin series.

    Greg >>




    I just don't connect with this. I guess "pride of ownership" is not an issue for this type of collection?


    image
    What we've got here is failure to communicate.....

    Successful BST xactions w/PCcoins, Drunner, Manofcoins, Rampage, docg, Poppee, RobKool, and MichealDixon.
  • Although I don't do any low ball sets, I can certainly see the fun in it. You can have fun competition, a shot at number one, and won't land in the poor house doing it. Whats not to like?
  • [q
    I just don't connect with this. I guess "pride of ownership" is not an issue for this type of collection?


    image >>




    To each his own. I have great pride of ownership. I actually look at my coins, hold them, study them, get to know them, wonder how they got so worn, ponder their unique history and how many hands they've touched over the years. I don't connect with spending $10k+ on a boring MS66-68 coin that has no story and no personality and then sticking it in a vault until you decide to sell it. Its been encapsulated in one form or another and sitting protected since it was new. Not to say I don't appreciate a nice MS coin, but that's boring to me. I also have a car collection and believe in driving and racing them, not storing and showing them. Just different personalty types, like I said, to each his own.

    I get as much joy from finding that PO01 coin as some get from finding a nice mint state coin. Poor-1 coins without any issues that aren't either bagged or graded "genuine" by PCGS are more difficult to come by than most would believe. And you can't fabricate a PO01 coin like many would have you believe. The only way to "make" one is by having it for years as a pocket piece. That means each one I have has seen genuine wear from genuine usage, which is cool to me and is what makes my sector of the hobby fun.


  • MoneyLAMoneyLA Posts: 1,825
    Hi everybody. It's been a long time -- probably a couple of years. I've stopped by to see what's going on but I haven't posted. And I've been out of the coin market but for personal reasons not involved with collecting.

    I've read some of the posts and I think a lot of them make good points: the economy, the costs, the lack of new material, and frankly it's hard to make it to the top of any of the lists.... so a lot of people probably say "why bother?"

    This doesn't mean that there isn't interest but the reality is that the "Registry" has matured and it is no longer "the Wild West" that it once was when anyone could pick up a few coins and jump to the top five.

    We do participate in things we can excel in -- especially in a competition like the Registry. If we don't stand a snowball's chance on Newport Beach, we don't participate. But I am sure there are still collectors showing interest and dreaming.

    When I had a #1 Registry set I used to get emails from other collectors who said they kept a printout of my set listing at their desk so they could compare and shop around to beat it. I'm sure there are others who would like to top an existing collection. But it's just getting too tough.

    When a market matures, it calms down. And this is now a mature market.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,419 ✭✭✭✭✭


    << <i>Hi everybody. It's been a long time -- probably a couple of years. I've stopped by to see what's going on but I haven't posted. And I've been out of the coin market but for personal reasons not involved with collecting.

    I've read some of the posts and I think a lot of them make good points: the economy, the costs, the lack of new material, and frankly it's hard to make it to the top of any of the lists.... so a lot of people probably say "why bother?"

    This doesn't mean that there isn't interest but the reality is that the "Registry" has matured and it is no longer "the Wild West" that it once was when anyone could pick up a few coins and jump to the top five.

    We do participate in things we can excel in -- especially in a competition like the Registry. If we don't stand a snowball's chance on Newport Beach, we don't participate. But I am sure there are still collectors showing interest and dreaming.

    When I had a #1 Registry set I used to get emails from other collectors who said they kept a printout of my set listing at their desk so they could compare and shop around to beat it. I'm sure there are others who would like to top an existing collection. But it's just getting too tough.

    When a market matures, it calms down. And this is now a mature market. >>




    Alan, I'm glad to see you are back. Hopefully you can join us again on the Precious Metals forum.
  • JBNJBN Posts: 1,900 ✭✭✭✭✭


    << <i>Here's my opinion from a newbie (re: fresh) perspective. I'm not new to collecting, or to coins. I am, however, fairly new to professionally graded coin collecting, posting registry sets, and this forum. When I look at all the great collections of great coins out there, how many coins are needed to complete each set and the asking price of each individual coin in its highest AVAILABLE grade, I get turned away before I even start to consider collecting a new set. If I were to collect a set, it would be for the joy of collecting, not the competition of getting the greatest set.

    I don't have deep pockets, but I am by no means poor. I would consider myself the A-typical, median, middle-of-the-road-budget, ordinary collector. And I simply don't have the interest in being #422 on the list of Morgan Dollar registry set collectors. So I began collecting something I liked, had a low numerical count of coins and had a snowball's chance of being in the top 5. I picked the Ike Proof sets, because of the fond memories I have of those coins as a kid. I built a respectable set, but lost interest soon thereafter.

    About that time, PCGS introduced their Low Ball registry sets. I know a lot of hardcore collectors scoffed at the idea of collecting coins for how bad they are. I know it goes against the grain of the typical coin collector mindset. But its fun. Its challenging in many ways, but also attainable. I actually have a shot at becoming a top five collector in several LowBall registry sets I collect. Many collectors will turn their noses up at such collections, but the lowball registry set participation has been growing by leaps and bounds. And these sets can be made by ANYONE. It really, truly, is bringing the fun back to coin collecting for me. I know that my 1935 Peace Dollar in PO01, population 1, with none lower (obviously) will never attain the value of a high grade pop 1 of the same series, or even a high grade pop 50, for that matter. I'm OK with that. I'm collecting for the sheer joy of collecting again and the competition of trying to get the best (worst) set of a popular coin series.

    Greg >>



    Hi Greg. I'm another 'newbie' here, and a collector for several decades. The reason for my post is that I do have interest in slowly (Lord: so, so slowly) climbing up the scale on Morgan Dollars. Mind you, I have history in Morgans - sold my CC collection in my Capitol Holder shaped like Nevada, and sold a wonderful New Orleans collection for life's expenses. I certainly don't mind being number 245, or 248, or wherever the heck I am in the pecking order. I'll keep moving up slowly.

    I'll never be #1; likely never be in the top twenty. But, the registry serves as a barometer of my progress.

    I also understand the allure and pride of being in the top five. I'm there on my Walking Liberty Half Dollars. However, my 'drive' to do so was more in honor of my Mom than for coin collecting per se. The connection between getting a half dollar for my birthday each year, and my admiration for the wonderful design of the Walking Liberty Half Dollar fueled my drive. Now that I've achieved a top drawer collection, I am now just waiting for the odd upgrade that looks better than what I have already.

    The popularity of 'low ball' sets is such that for some Morgan dates, PCGS P01 grades trade for bigger bucks than MS63. If that doesn't show you the power behind being in the set registry......

    Welcome to this forum, and good luck with your registry sets.
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