Are registry sets fictional?
BigD5
Posts: 3,433 ✭
I mean do the number one sets really believe they are the number one sets? Better than any set anywhere? How many "closet" sets do you think are out there that would be listed? How many sets contain ngc coins that don't want to bother playing by the "rules" of registry set engagement?
Just curious
Just curious
0
Comments
Camelot
That was very well put! Sums it all up I think.
Larry
Dabigkahuna
TRTH
I would like to see a level playing field.
Will there be a "level playing field" someday?
I think that one day, within say, 5 years, the gaps between NGC and PCGS will shrink significantly. There are too many good things happening across the street for it not to happen.
My rationale for this migration is that when these truely number one sets are eventually sold or broken up, the maximum value (and this is partly marketing) can be obtained by advertising them as PCGS Number One Registry Sets. Our time here is temporary and eventually everyone's set gets sold. Our heirs typically do not share our passion for coins (yes, there are exceptions but this is the general case)
.
Yes, these number one sets already have cache, but look at how some of the major dealers are advertising the coins they are selling. This observation is only true as long as PCGS holds its current place in the market. You can see ads in Coin World now for coins from Number One sets.
Camelot
For instance - the best early bust collection in the world is not registered (and probably never will be) - any pretender to number one on the Set Registry would have to be considered fictional. But, at the same time, I'm certain that there are collections on the Set Registry that cannot be beaten by any combination of coins that are in existence - these sets are bona fide number one's!
Off the top of my head I can think of two sets that are registered that are most likely the finest sets based on known condition and could not likely be greatly improved by additions and they just couldn't be beat. Most of the other #1s are meaningless. The modern #1s are #1 until PCGS changes its standards yet again.
In God We Trust.... all others pay in Gold and Silver!
Camelot
The second is TradeDollarNut's MS Trade Dollar set which has 13 pop 1's and not a single coin graded higher by PCGS for any single coin.
I don't believe either of these sets could be beat either by raw coins or coins in non-PCGS slabs. They are the two actual finest sets for their type.
I would add the following:
Steve(RegistryCoin) - Silver Commemoratives 144 Piece
Stewart Blay - Lincoln Cents Basic Set Circulation Strikes (1909-1958)
In God We Trust.... all others pay in Gold and Silver!
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TDN's proof set has 9 of the 13 coins with higher pops and zero pop 1's. While I'm sure it is a stunning set, while looking at the PCGS assigned grade (and that is the only thing that matters in slab collecting) there could easily be a finer set out there.
The Stewart Blay Lincoln set might be great. Who knows. It can't be seen and therefore I don't consider it. I think it is LAME to list a set and not allow it to be seen. Kind of the same with RegistryCoin's silver commemorative set, but I also bet a small amount of those commemoratives have equal counterparts in NGC slabs. I don't know how many pop 1's he has.
In putting my sets together, there were two distinct, but different, goals. The first goal was to create the finest known mint state collection. The second was to complete a matched quality proof set centered around the Eliasberg 1885. I think the two goals have been accomplished nicely (tho I do know of a couple of NGC graded coins that could be finer than my current PCGS coins!).
His Set has 63 Coins that are Tied for Finest Known or Finest Known. The Real GPA for the Set is Just a Shade Under MS68FB. Could some Day be Topped but Right Now With No Doubt the Finest Merc Dime Set Ever. This Could be Shown by the Kritzman Set that was put together over a Period of 30 Years I believe and came No Where Near the GPA of this Set. The Kritzman Set had some Finest Known Coins in it but No where near the Amount that the Joshua II Set has.
The Joshua II set owner stated, I believe, that His intention was with this Set to Assemble a Set that would Never be Topped.
Ken