Should PCGS allow raw coins into Registry sets?
MrEureka
Posts: 24,419 ✭✭✭✭✭
No grades. No registry points.
It might do wonders for participation, especially for those collectors slowly transitioning to slabs.
And it would certainly make for a nice presentation.
Would you list your raw coins?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Comments
Yes, I'd like that. I'd post up the NGC coins that complete my sets, and I'd do historical write-ups for every coin. The set could be a resource for information. I spent a lot of time doing that ATS.
But it's not going to happen. The registries are marketing tools.
And for you guys who think that being #1 in the registry guarantees that you have one best sets in existence, think again. My gold type set (1795 - 1933) is currently #2 ATS. In reality it would be lucky to be in the top 30. Pogue and other collections provide that splash of reality.
Nothing in it for our host. I don't blame them for not doing it. They have a "for profit" business. What about Collective Coin?
People would abuse it. Their sets would show as 100% complete but they'd have counterfeits or copies as fillers, and that might upset people who took a lifetime to actually complete their set.
Check out my iPhone app SlabReader!
Agree with Bill: I'd be all over putting in raw coins....or other coins from other services AS raw...just to present/show/track my sets. Points be damned.
While it's easy for us to say PCGS could and should do it.....it runs counter to why the registries exist at all: To promote selling PCGS coins and/or submitting to PCGS.
I'd love it but it will never happen. All it does is get my hopes up only to be dashed and frustrated.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Also, highest graded does NOT equate to best.
rainbowroosie April 1, 2003
I don't think allowing raw coins in it would be a good idea because of the counterfeit problem, but the chances are excellent that an NGC graded coin is genuine. You can argue about the grade, of course.
There would be no points for such coins, but pictures and write-ups would be nice ... but it's not going to happen.
That would be wonderful!
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Interesting idea... I do not see it working out for various reasons. I do think that it should get the important people to re-think NGC coins even if it is on a probationary basis with a timetable committment on behalf of the registry set owner to cross within a certain time frame... Not sure what that time frame should be but I suspect someone could develop something that would be appealing. Either it gets submitted for cross or it gets dislisted from the registry after x period of time. This concept could help PCGS on the world stage and could be an added bonus on with the more mature US market.
Just a thought if market share is a driving force behind such things...
Experience the World through Numismatics...it's more than you can imagine.
If they are not allowing NGC coins anymore or any other slab, then why would they want raw coins added? I think adding raw coins would be a mistake, as they can't be regulated. As it is, there is no way for PCGS to verify that any coin that someone enters is actually that person's property. Unfortunately, there have been registry members that have "stolen" certification numbers and added them to their sets, even though they do not own the coins!
Who would establish the grade of a raw coin? Difference of opinion would be a nightmare.
If there are no registry points and no chance to got up in the registry standings, chances are the "yahoos' who try to fake ownership won't bother.
Silly.
No!
I like the idea. It is, in some ways, similar to the Showcase sets that PCGS allows.
In honor of the memory of Cpl. Michael E. Thompson
Definitely not, but they should be allowed in the Showcases since there is no competition or points there.
The best answer for most collectors would propably be an independent, well-maintained registry. Such a thing could be competitive (or not) and should provide a robust database feature for inventory management. Fantastic photo hosting goes without saying. I'm sure it would take time to gain traction but it would be a great resource for the hobby.
Registry fever has probably generated more regrade/upgrade/crackout business for our host than anything else they've ever done.
No way!
For non-competitive registries, Laura has suggested the ANA should take this on. Good idea?
Yes, would love to see someone step up and create an independent, indiscriminant Registry.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Yes good idea. The ANA should foster contacts between collectors about their collections.
This is exactly what should happen. No more PCGS/NGC coins only registry. Let ANACS in as well. Let raw coins in with no points. If someone wants to argue that PCGS is the best it would be very easy to set up an algorithm that would allow for a weighted set evaluation. PCGS may get coins their coins weighted slightly higher with NGC CAC coins that could equal out that factor. It wouldnt be that difficult to program and set up.
What features should a non-competitive Registry have? How should a non-competitive registry be different from say CollectiveCoin and other sites?
That would definitely be a hit below the belt to NGC, and would turn NGC's recent decision to bar PCGS slabs around against NGC.
"Should PCGS let raw coins into the PCGS registry?"
Ummm....no.
I am all for people showcasing what they have, no matter the plastic (or even IF there is plastic), but I think the PCGS registry should be FOR PCGS coins.
There IS an opportunity for someone to create a website for a registry where any coin can go, but I don't think that should be the PCGS registry.
That's from my personal standpoint.
From a business standpoint, and one of the big reasons I don't think PCGS should let in non-PCGS coins into the PCGS registry is that a collector's human nature is to fill in open holes.
There is a great likelihood that a registry participant will submit, or purchase already holdered, a coin to fill an open hole. If it is PCGS only, then that is revenue/added coins for PCGS. If any are allowed, then some people will back off and be happy with what they have (which is how people should be any way, but it is NOT PCGS' place to do everything for other people and change how things may be done by that person. PCGS is in the business of making money...revenue).
PCGS is a publicly traded company that is a business. It's cool when they do something for the industry that makes people happy, but at the end of the day, they should be, and probably are, looking at what increases, not decreases, revenue, to drive things forward.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I also think PCGS needs to focus on PCGS coins in their Registry to maintain and promote the premium quality of their brand. A non-competitive Registry set should be maintained by a company that doesn't have a dog in the game like the ANA, CollectiveCoin or another site. The challenge is to build and keep improving the site when there isn't a monetary incentive to do so.
An Open Registry already exists, created by Gerry Fortin, for:
At present there are 468 sets and 51 participating individuals.
seateddimevarieties.com/openregistry/index.php
The current version had a major update in late December 2016. People can now directly edit their collection data,
add cert numbers, link to images, etc.
Business wise, no. This is a money-maker for them.
Convenience wise, yes. It would be cool.
Fan of the Oxford Comma
CCAC Representative of the General Public
2021 Young Numismatist of the Year
Folks wouldn't be able to show their net worth as they can with PCGS coins in their Registry sets.
This pretty much sums it up. The Registry sets are a pissing match, ego-boosting marketing tool for TPGs. Pretty hilariously pathetic IMO.
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My sets: [280+ horse coins] :: [France Sowers] :: [Colorful world copper] :: [Beautiful world coins]
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How would grades be assigned to raw coins? By the owner, I suppose. Wouldn't this be abused? And can you imagine the circus caused by clowns who want to have a little fun with it?
I don't see a practical way.
Allowing other TPG coins is doable but it wouldn't be good for PCGS.
Lance.
PCGS already allows raw coins into "All Time Finest" sets.
One of my sets is in 5th place on an All Time Finest registry list. The Smithsonian set in 4th place contains only estimated grades including some coins with known problems. Similar Bass and Eliasberg (1st and 2nd places) sets once contained only estimated grades but now contain mostly actual PCGS grades for the coins that once made up those historic sets.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
No. The registry is a numbers game. No slab, no grade, no entry. I like the idea of using the system that PCGS adopted to enter one's coins, but... it is a "registry". Without authentication/verification then it's not a serious "registration". I don't get to register my car without protocol. Same difference.
``https://ebay.us/m/KxolR5
I think people are forgetting that the OP proposal specifically said, "No grades, No points".
So, we're talking about the difference between "No coin" in the registry, or "Raw 1806" (for example), in the registry. There's no advantage to either entry, as far as the competition is concerned.
Lying about having the coin, or it's value, or it's grade would be useless. (But, yeah, it would probably happen anyway....Some people are like that.)
It'll probably never happen. But complaining about "cheating" is missing the point.