So, assuming that the competition that the registry brings can cause overconsumption and burnout.
Here's a thought.
Everyone wants to be number 1. The competition is fierce.
But the competition is also global. I see a single number for "set rating". I assume that is compared against all other sets of that type in existance.
Let's say we introduce some geography to the registry. Let's say that it can arrange things by city, county and state. Or zip code to keep it simple.
Would the registry become more interesting to you if you knew where you stood as far as your collection goes in your local region?
Would it alter the competition game to become more interesting? Would your goals change to something more attainable?
It seems to me that if the problem with the registry is that it causes competition for that one top spot...and that competition leads to burnout... Then maybe folks would be more satisfied with more attainable local goals. And the burnout factor would hopefully be reduced.
Then again, I don't see myself participating in the registry. The competition is not something i'm really interested in at this time. I need to be happy with my coins 'in a vacuum'. I try to derive my satisfaction from my coins, just as Jay said. I'm not certain that satisfaction from the registry would be the same.
"government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
<< <i>Enjoy the Registry but don't let it determine you pace....let your finances and opportunities do that. >>
I'm preparing to get a Lincoln registry set together (will submit all at once), all but a few will be "made" by me -- the result of 40 years labor -- and if I'm only #973 I really don't care!
Me at the Springfield coin show: 60 years into this hobby and I'm still working on my Lincoln set!
<< <i>Before you start building a set, calculate what it will cost to build the set to your satisfaction. It seems so basic, but virtually nobody does this. >>
You can't always get what you want... but if you try sometimes, you just might find, you get what you need!
Me at the Springfield coin show: 60 years into this hobby and I'm still working on my Lincoln set!
<< <i>I've said this so many times before but now seems like a good time to say it again:
Before you start building a set, calculate what it will cost to build the set to your satisfaction. It seems so basic, but virtually nobody does this. >>
What is a "registry set" again??? Am I supposed to be trying to complete one???
When you see LMS's coins at ANA, you will have a hard time convincing yourself to even bother trying to complete a top-of-the-line IHC or Lincoln cent registry set...
In all seriousness... I think the Registry is what you make it. It does not have to be about competition... because if it where, those of us with the smaller wallets lost even before it even started.
Several years ago I posted a rather critical view of the registry comparing it with rankings and the obsession people have with being number one. The 100 best films... the Hall of Fame ... academy awards... whatever.
I have mellowed alittle and while it can be just that, it can also be a tool used to plan and build a collection that will be satisfying. Not every coin has to be MS67, not every coin has to match and not every coin needs to be expensive. The collection can and should be what you like and can afford and there is no shame... and it is not a lost cause to undertake the challenge knowing perfection or being number one is not in the cards.
Saint G... your post may in fact be the best that you have made here
Experience the World through Numismatics...it's more than you can imagine.
Very well said. I started the way your 4 started. Half way through I realized that I was going about it all wrong. I went through my entire collection and I am still selling off the coins that don't "move me" for the appearance or look for the grade. I will be down to about 30 coins in the next few months (not including the danscos). I will slowly start over after that point, taking it one step at a time. I was lucky though, I was not one of those people to bid to the moon just for a coin in a coffin, I'm just about breaking even with a couple coins up or down a bit.
These are words to collect by. If I had $10 million and was able to talk Stewart Blay out of his lincolns, does that make me as accomplished and respected as Stewart currently is? But I would have the #1 set? Don't think so.
I never did the registry thing and don't know how long you have been collecting but,
I started with low grade early dollars over 25years ago and ended up with a year set (1795-1803) and knew i would NEVER be #1 but,had a great time,never went in debt and, did well.
It's all about having fun and enjoying what you have.
<< <i>Saint, do you own any duplicates? Would you consider buying a coin that is a stellar coin if you already had one of that date? >>
Why not? If you expect it to appreciate in value that would be a good thing. Kinda like one of the things about investing is to invest in what you know or know about.
For Morgans even crackin the top 20 is a pretty good accomplishment. If you are a Johnny Come Lately unless you have a BIG checking account putting together a top set will be tough because most of the best coins are unavailable as they are already strongly held and when they do change hands its often low key and private. Unless you know of a private raw collection/s, the odds of comleting top set [of nice coins] is slim. Another approach would be to buy a complete set and refine it.
This phenomena is not new as others have stated, it’s what I have often referred to as the Yo-Yo affect. You sit at the level your going to achieve due to interest in the series and available cash. Folks blow by you all winter long, and starting with the first big auctions of spring, the top sets start selling….First you go down, now you go up, then you go down….
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.
<< <i>Saint, do you own any duplicates? Would you consider buying a coin that is a stellar coin if you already had one of that date? >>
No. Some of the coins I have only have one duplicate.
And DUPES of what I have? Damn man...I'd need a money tree.
I would like to buy back a few of the coins that I've sold in the last year, inasmuch as they aren't in the uuber-special category some are great coins. There's one in ANA tomorrow that I owned and it's an amazing coin. It looks like it's a litttle rich for the date/pop....but it's NOT a minor league coin. I'd love to get my 1913 MS65 back...but you have to be able to say goodbye to some great stuff to buy greater stuff.
<< <i>I like the registry simply as a nice online venue to publicly display some of my coins. >>
First time I used that silly emoticon, "I agree with you." But it just fit so well this time
Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
What if we suggested improvements to the registry?
They could tie it into CoinFacts so that you could get some general information about a coin while browsing the registry.
They could cross-link identical coins in the registry owned by other folks, so you could sort of walk a tree of coin ownership and explore easier.
With a flash application (*plug*), you could do some pretty interesting, fancy and informative data presentation in the registry. Better pop presentation, pricing, other known coins, etc. One could even synthesize data from many different websites and present a registry web page with lots of interesting stuff.
Is the registry mainly for collectors, or do dealers have an interest in the registry too? Seems to me it a 'for collectors' kind of thing.
<< <i>Wow, a saintguru post that I agree with everything he said? Who woulda thunk it.
Great post, everyone should read it. We should ttt it every so often.
Think PCGS will poof it though? >>
Ya think so? After 9 days?
And thanks for agreeing with everything I said. I'll be sure to discontinue that one trend thread immediately. I got full of myself with all the applause.
<< <i>Saint, do you own any duplicates? Would you consider buying a coin that is a stellar coin if you already had one of that date? >>
No. Some of the coins I have only have one duplicate.
And DUPES of what I have? Damn man...I'd need a money tree.
I would like to buy back a few of the coins that I've sold in the last year, inasmuch as they aren't in the uuber-special category some are great coins. There's one in ANA tomorrow that I owned and it's an amazing coin. It looks like it's a litttle rich for the date/pop....but it's NOT a minor league coin. I'd love to get my 1913 MS65 back...but you have to be able to say goodbye to some great stuff to buy greater stuff. >>
Well, I was just thinking that if you are only collecting monsters, and there happened to be two monsters in the same date/mm, would you go for the second instead of holding back for a monster in a date/mm that you don't have?
Comments
I knew it would happen.
Here's a thought.
Everyone wants to be number 1. The competition is fierce.
But the competition is also global. I see a single number for "set rating". I assume that is compared against all other sets of that type in existance.
Let's say we introduce some geography to the registry. Let's say that it can arrange things by city, county and state. Or zip code to keep it simple.
Would the registry become more interesting to you if you knew where you stood as far as your collection goes in your local region?
Would it alter the competition game to become more interesting? Would your goals change to something more attainable?
It seems to me that if the problem with the registry is that it causes competition for that one top spot...and that competition leads to burnout...
Then maybe folks would be more satisfied with more attainable local goals. And the burnout factor would hopefully be reduced.
Then again, I don't see myself participating in the registry. The competition is not something i'm really interested in at this time. I need to be happy with my coins 'in a vacuum'. I try to derive my satisfaction from my coins, just as Jay said. I'm not certain that satisfaction from the registry would be the same.
Heh. Luca.
excellent read!............
<< <i>Enjoy the Registry but don't let it determine you pace....let your finances and opportunities do that. >>
I'm preparing to get a Lincoln registry set together (will submit all at once), all but a few will be "made" by me -- the result of 40 years labor -- and if I'm only #973 I really don't care!
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>Before you start building a set, calculate what it will cost to build the set to your satisfaction. It seems so basic, but virtually nobody does this. >>
You can't always get what you want... but if you try sometimes, you just might find, you get what you need!
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>Everyone wants to be number 1. The competition is fierce. >>
But most people realize they can never hope to get close to #1, I know I sure can't unless I win a Megamillions lottery or something.
As in many endeavors, it's all about competing against yourself, not against others.
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>Everyone wants to be number 1. The competition is fierce. >>
the lowball registry set was just another way to cash in on this....
if you cannot have the finest, have the worst!
;-)
<< <i>I've said this so many times before but now seems like a good time to say it again:
Before you start building a set, calculate what it will cost to build the set to your satisfaction. It seems so basic, but virtually nobody does this. >>
Absolutely
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
When you see LMS's coins at ANA, you will have a hard time convincing yourself to even bother trying to complete a top-of-the-line IHC or Lincoln cent registry set...
Before you start building a set, calculate what it will cost to build the set to your satisfaction. It seems so basic, but virtually nobody does this.
so NOW you tell me...
Experience the World through Numismatics...it's more than you can imagine.
Several years ago I posted a rather critical view of the registry comparing it with rankings and the obsession people have with being number one. The 100 best films... the Hall of Fame ... academy awards... whatever.
I have mellowed alittle and while it can be just that, it can also be a tool used to plan and build a collection that will be satisfying. Not every coin has to be MS67, not every coin has to match and not every coin needs to be expensive. The collection can and should be what you like and can afford and there is no shame... and it is not a lost cause to undertake the challenge knowing perfection or being number one is not in the cards.
Saint G... your post may in fact be the best that you have made here
Experience the World through Numismatics...it's more than you can imagine.
These are words to collect by. If I had $10 million and was able to talk Stewart Blay out of his lincolns, does that make me as accomplished and respected as Stewart currently is? But I would have the #1 set? Don't think so.
of Hard Knocks then listen to good advise. Come to think
of it, that was my Alma Mater.
Camelot
Well said;
I never did the registry thing and don't know how long you have been collecting but,
I started with low grade early dollars over 25years ago and ended up with a year set (1795-1803) and knew i would NEVER be #1 but,had a great time,never went in debt and, did well.
It's all about having fun and enjoying what you have.
Brian
I used to collect whole sets - even completed a few. I found I lots of common stuff with little resale value, and little interest for me.
I have an eclectic set now - better date interesting coins. I have far fewer coins now than before, but I enjoy them more.
That's just me, to each his own.
<< <i>Saint, do you own any duplicates? Would you consider buying a coin that is a stellar coin if you already had one of that date? >>
Why not? If you expect it to appreciate in value that would be a good thing. Kinda like one of the things about investing is to invest in what you know or know about.
WS
<< <i>Saint, do you own any duplicates? Would you consider buying a coin that is a stellar coin if you already had one of that date? >>
No. Some of the coins I have only have one duplicate.
And DUPES of what I have? Damn man...I'd need a money tree.
I would like to buy back a few of the coins that I've sold in the last year, inasmuch as they aren't in the uuber-special category some are great coins. There's one in ANA tomorrow that I owned and it's an amazing coin. It looks like it's a litttle rich for the date/pop....but it's NOT a minor league coin. I'd love to get my 1913 MS65 back...but you have to be able to say goodbye to some great stuff to buy greater stuff.
<< <i>I like the registry simply as a nice online venue to publicly display some of my coins. >>
First time I used that silly emoticon, "I agree with you." But it just fit so well this time
Great post, everyone should read it. We should ttt it every so often.
Think PCGS will poof it though?
They could tie it into CoinFacts so that you could get some general information about a coin while browsing the registry.
They could cross-link identical coins in the registry owned by other folks, so you could sort of walk a tree of coin ownership and explore easier.
With a flash application (*plug*), you could do some pretty interesting, fancy and informative data presentation in the registry. Better pop presentation, pricing, other known coins, etc.
One could even synthesize data from many different websites and present a registry web page with lots of interesting stuff.
Is the registry mainly for collectors, or do dealers have an interest in the registry too? Seems to me it a 'for collectors' kind of thing.
<< <i>Wow, a saintguru post that I agree with everything he said? Who woulda thunk it.
Great post, everyone should read it. We should ttt it every so often.
Think PCGS will poof it though?
Ya think so? After 9 days?
And thanks for agreeing with everything I said. I'll be sure to discontinue that one trend thread immediately. I got full of myself with all the applause.
<< <i>
<< <i>Saint, do you own any duplicates? Would you consider buying a coin that is a stellar coin if you already had one of that date? >>
No. Some of the coins I have only have one duplicate.
And DUPES of what I have? Damn man...I'd need a money tree.
I would like to buy back a few of the coins that I've sold in the last year, inasmuch as they aren't in the uuber-special category some are great coins. There's one in ANA tomorrow that I owned and it's an amazing coin. It looks like it's a litttle rich for the date/pop....but it's NOT a minor league coin. I'd love to get my 1913 MS65 back...but you have to be able to say goodbye to some great stuff to buy greater stuff. >>
Well, I was just thinking that if you are only collecting monsters, and there happened to be two monsters in the same date/mm, would you go for the second instead of holding back for a monster in a date/mm that you don't have?
I'd buy it and wait for a different date to come along and then swap them.