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The registries have done more harm to the hobby than good
MidLifeCrisis
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They are a natural growth of having coins slabbed and I think must be included in that. Any minor negatives caused (and I don't agree the registries are a net negative) would be vastly overwhelmed by the positives of slabbing in general.
-Keith
Some of the sets are wonderful, high-end collections put together by people with a great eye. However, other sets are holding places for overgraded "bargains." I've seen the liquidation of some of these "bargain" registry sets turn into financial bloodbaths for the owner.
For me, I find the online registry sets to be a great way to keep track of my collection, and an easy way to look up what holes I need to fill or upgrade when I'm at a coin show. The thought of competition is pretty far from my mind.
They're harmless if you ignore them and lots of fun if you participate. That's a net gain anyway you cut it.
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<< <i>Registry sets were a brilliant innovation by the grading services to soak up some of their mistakes... >>
Please explain.
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<< <i>Disagree.
They're harmless if you ignore them and lots of fun if you participate. That's a net gain anyway you cut it. >>
I agree with MrEureka
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>
<< <i>Disagree.
They're harmless if you ignore them and lots of fun if you participate. That's a net gain anyway you cut it. >>
I agree with MrEureka >>
add me. m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Disagree.
They're harmless if you ignore them and lots of fun if you participate. That's a net gain anyway you cut it. >>
yeppers
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Have kept me playing for about ten years now. Find them great place to show what I have, and as long as one is not locked into the "have to be best" game just down right fun.
One of my sets that was just for fun.
Harm? Perhaps some people are more concentrated on the number on the holder than on the coin itself than they'd be without the registry and are now a slave to point scores and such, just so they can move up in the rankings. Of course, these people were obsessively competitive already, and the registry simply reduces the overhead of competitive coin collecting.
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Actually, I suppose they could harm those who play the registry game if they simply buy coins for the high numbers on the tags with no regard to what's inside. I've seen a couple top end rated in the past where I thought the overall quality of the set was just awful and was assembled with nothing but the registry game in mind. To be fair, I've also seen much lower ranked sets where the quality was all there and then some.
<< <i>I see a lot of good that has come from the registries. One of the biggies for me is being able to share some of my stuff with others.
Harm? Perhaps some people are more concentrated on the number on the holder than on the coin itself than they'd be without the registry and are now a slave to point scores and such, just so they can move up in the rankings. Of course, these people were obsessively competitive already, and the registry simply reduces the overhead of competitive coin collecting. >>
I concur 100%, especially with the 'harm' part...if you are an overly or naturally (or, as messydesk says, obsessively) competitive person (as I have been 'burdened' with all 3 aspects of competitiveness) to begin with, yes, you just MAY pay more attention to the number on the holder, almost having 'blinders' on, as to the coin itself, at first. It's tough to pass on that upgrade, but hopefully common sense prevails, if the coin is NOT 'on par' with that number. I'm not a fan of 'stickers', but that CAN also be a help to those that have those 'blinders' on.
You can't ignore the effects unless you play in an area that is completely free from Set Registry influences (ie like collecting circ wheat pennies from 1941-1958).
When did the Set Registry first hit the street?
<< <i>
When did the Set Registry first hit the street? >>
The paper version started in the late 1990's. Online must have been early 2000's
I really love the online showcase of the registry, and that I am able to enjoy great collections that I might not otherwise ever see. I also am happy that I can know more of what's out there. The registry stimulates a lot of interest, I love it, I just think one needs to be careful. There are pitfalls associated with registry mentality, so long as one can avoid those pitfalls, I think it's a great thing.
<< <i>
<< <i>When did the Set Registry first hit the street? >>
The paper version started in the late 1990's. Online must have been early 2000's >>
Thanks, I just wanted to see if it coincided with the wave of gradeflation that seemed to hit the market during the 1997-1998 time period...and then ran for about 10 yrs.
Pete
Louis Armstrong
<< <i>Mixed blessing, but the positives outweigh the negatives. >>
I agree with this. It's fun to educate other collectors and see how your collection stacks up against others who participate. (Notice how that is worded; I did not say "finest known.") On the other hand the insane prices that some are willing to pay simply because something in grade X yields the most registry points are not always a good thing.
On one hand, it provides a forum for sharing fabulous collections and accomplishments, which is a positive.
On the other hand, it has glorified collecting as a competitive endeavor based on numbers on plastic, which is a negative.
Eric
edit to add - mostly
Now that more images are attached I find it a great way to find pics of great coins online,
take it with a grain of salt, and often like some of the lower sets more.
And it pisses me off when great collections are closed for viewing!
If you decide to register your collection the coins in it should be available.
I understand why competitive collectors do this just don't think PCGS should allow it,
either lay your cards on the table or don't list your set.
<< <i>Agree?
Disagree?
Discuss... >>
Agree........no
Disagree....yep
Discuss......later, too lazy
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competition
exhibition
order and organization
It is pure marketing genius!
You certainly don't have to be number one to compete or to have fun. I like watching people build their sets and building my own, too.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
...spend more than I would have otherwise
So: If it makes you happy and TPG rewarded, so be it.
BTW I might change my mind if and when I decide to sell a major collection.
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the only negative is that it rewards technical grade above all else, but that's minor in comparison
to the benefits. Further, I don't see a practical way around that nit.
<< <i>One huge advantage to the Registry that I had never thought about until I read an article on Numis$ociety.com is the recovery of stolen coins........ >>
Every coin that I own is registered for this reason!
The harm happens when collectors lack patience to wait to acquire the right coin.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>
<< <i>One huge advantage to the Registry that I had never thought about until I read an article on Numis$ociety.com is the recovery of stolen coins........ >>
Every coin that I own is registered for this reason! >>
Took you 13 months to post something after registering?
<< <i>
<< <i>
<< <i>One huge advantage to the Registry that I had never thought about until I read an article on Numis$ociety.com is the recovery of stolen coins........ >>
Every coin that I own is registered for this reason! >>
Took you 13 months to post something after registering?
Just wasn't in a hurry. LOL
Lafayette Grading Set
<< <i>Disagree.
They're harmless if you ignore them and lots of fun if you participate. That's a net gain anyway you cut it. >>
I believe the registry sets have done more harm to the hobby than good. The premise is that you can ignore them I believe to be flawed.
They're great for higher end dealers. They're great for the people who can afford the most expensive coins to put into those sets. They bring positive attention to the TPG which slabs these coins.
But they harm the average collector. Say are trying to buy, say a gem type coin of a particular series just because you want one. Whether you like it or not, you are competing with someone who is putting together a registry set of these coins. And some of the people putting together these sets are willing to pay more, sometimes far more, for these coins than the guy / gal who wants a nice type coin. The guy paying $32K for the "finest known" MS 65 RD 1852 Large Cent comes to mind.
You're not buying coins at the registry set level? You're still affected by what the registry set people do. You want a nice MS 64 Capped Bust Half? The run up in MS 65 coins in this series means that this MS 64 is going to cost you more.
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I paid $11,000 for a 1911 10c NPF68 (fatty) and upgraded it to PF69*, got $35K. Sold to an underbidder. Last traded CSNS Platinum/Greensboro for $17,000+J.
Registry sets
<< <i>I paid $690 for a 29-D 10c in a P66FB holder, upgraded it to P67FB pop 4/0 and wholesaled it for over $8K. Pop now 20 something and the coin is $2K.
I paid $11,000 for a 1911 10c NPF68 (fatty) and upgraded it to PF69*, got $35K. Sold to an underbidder. Last traded CSNS Platinum/Greensboro for $17,000+J.
Registry sets
An excellent job making ElContador's point.
<< <i>Disagree.
They're harmless if you ignore them and lots of fun if you participate. That's a net gain anyway you cut it. >>
this
Some of this sounds like distortion is an effect as well.
Then there is that $90,000...
Eric
I would question something that has dramatic seemingly inexplicable (at least to some) effects quickly. It seems a good thing to question at least.
Eric
Turning the registry sets into the Academy Awards for coins is another
I think I have made my thoughts clear on this years ago
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Eric
Did Humphrey Bogart win Best Actor for Casablanca?
Well the point is simple... subjectivity has its place and that will not change
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Eric