Did PCGS adding weighting to the Registry Sets change the Market?

Spooly

I would like feedback from collectors from all the sets. I know that the early Lincolns (Weighted the Most) have gone crazy in price! Is it just the Lincolns? Is this happening in the other sets too? Is everyone running to get the higher weighted coins in their sets? I have seen some of the early Lincolns I bought just 6 months ago going for 2x what I paid!

KoinKollector

I think w/ the sets that are neck & neck the weighting might influence the pricing unlike a set of seated dimes. Ikes are hot, but how the hell do you weight ikes? I think they was MONEY how they give bosun points for red rarity, now if they just give some bonus points for grade rarity too...

keithdagen

Some overlooked modern sets (Kennedys, Ikes) took off before weighting arrived. In the Type sets, haven't seen any price jumps, but unless you are already looking at super low pop early pieces that are already expensive, you don't have to worry about price.

Keith

Fairlaneman

Maybe the Influx of NEWBIES has Changed the Market. Merc's are not Weighted Yet and the Prices seem to be Rising.

Only have a half dozen left to get and now the Prices go BOONKERS.

merz2

Spooly
I believe your right.The higher the weights,the higher the prices realized has gone.The Early Date Lincoln Proofs are that way at least.

Typetone

I believe that weights will affect price. Though, frankly, the high weights go to rare dates, and they are pricey already. In 20th century type, look for the 1921 Peace to continue to go up. The coin is already overpriced and it will be more so with its 7 weight.

Greg

Fairlaneman

Are Dealers also Using the Pop Reports more now for thier Pricing ?? Heritage is Usually Pretty close to Gray Sheet Ask on their Pricing for Mercs and Now all of a sudden some of them have gone too almost Double Gray Sheet. Whats up with that as the Mercs are not Weighted. Granted the Dime I am referring too Will have a High Weight but it is not one of the So Called Keys.

Speculation on the Dealers part that Collectors Will Pay these Prices ??

python1

I think you said it, speculation..and you know, I have seen some collectors pay it! The 2 16d's I was talking about, went on 24 hrs.....they were price one grade higher....beats me.....

keithdagen

Greg,

That 1921 Peace dollar is like the 1916-D Merc. Neither are hard to find, and there are dozens on E-Bay or dealer sites, but they are pricey anyway because of the hype surrounding the piece (no offense to Merc guys). At least with the huge population of these pieces, I can wait to find a really nice piece that has some attractive toning before I commit to upgrading from MS-63 to MS-65.

Keith

tradedollarnut

While the set registry concept may have sparked a little increase in demand, the majority of the factor behind rising prices is that the crackout game has been severely reduced. PCGS is not making any coins at the moment - they haven't been for 6 months. What happens when supply dries up and demand stays the same? Prices increase!

Once NGC and PCGS ended the slow inflation in grades, prices had only one way to go. For the longest time it appeared the market was foundering when in actuality it was quite healthy - it was hidden by the fact that coins were going up a grade or two and, even tho the price guides were slipping a bit, the values of the individual eye appealing coins were skyrocketing.

This is just the tip of the iceberg. If they hold the line on grading like they have the past year, I expect further severe increases in price.

Spooly

WOW TDN! So you think rising prices are just a conspiracy of the grading companies?

Fairlaneman

Spooly:

Thats NOT what TDN Said.

His Assement of Desireable Pieces Drying up because of the Grading Companys Tighter Grading makes Complete Sense to Me. More People Competing for the Piece they think they Need. I also believe, as stated before, more New Collectors are Competing for the Coins which also Drives the Prices Up and the Demand also.

Ken

GRFN

A couple of comments to add fuel to the fire.

1) PCGS is a public company. It has a mission to develop its markets and distribution channels with the goals of making its share holders rich (paper and/or metal will do). Buy or sell their stock - it is open to all.

2) The technology used to promote the registry was not feasible 10 years ago. A lot of learning is still to be had. We all read this message board!!! How many businesses have transformed using technology?

3) Making suggestions and promoting ideas will change the market and the hobby. Three steps forward and one step back. No victims!

Enjoy every day

Graham N

jcping

Definitely, IMHO, the wighting system has affected the coin price.

Everyone is talking about the price increase of top grade coins for a date. I would say the coins with two grade lower than the top grade coins price might go down because you can't buy these coins and compete in set registry rank. One grade under might be okey. Take a look the Ike set

khayse

I collect Ike and the weighting system (while not in place yet)
doesn't seem to have affected prices that I can tell.

The interesting thing about weighting in Ikes is that the weights
are set up based on second highest coin rarity but the only place
the weighting matters is in highest pop rarity. To compete in the
top ten to fifteen slots you have to have highest graded coins.

Who's going to spend $4000-$6000 on a 73-d, 74-d, 76-P T2, 76-D T1, a 77-P, a 77-D, a 78-P or a 78-D in 67 with weights of 5 or 6
when they can spend the same money on a 71-P, 72-P or 76-P in 66 and
get 8-10 points?

-KHayse

PQpeace

No weights on morgan and peace dollars yet..maybe by december ?
Larry

jcping

> Who's going to spend $4000-$6000 on a 73-d, 74-d, 76-P T2,
> 76-D T1, a 77-P, a 77-D, a 78-P or a 78-D in 67 with weights
> of 5 or 6 when they can spend the same money on a 71-P, 72-P
> or 76-P in 66 and get 8-10 points?

This is exactly what I was talking. No wonder 76-P Type one MS66 was sold at $4800.00