If PCGS and NGC discontinued Registry sets

ksteelheader · July 31, 2008 3:20AM

What would happen to the coin market??

drwstr123 · July 31, 2008 3:23AM

What registry sets????

ksteelheader · July 31, 2008 3:27AM

<< What registry sets???? >>

I dunno. I heard that they have registry sets.

copperfan · July 31, 2008 3:30AM

There are registry sets?

Why didnt I get a memo?

ksteelheader · July 31, 2008 3:32AM

<< There are registry sets?

Why didnt I get a memo? >>

Mebbe they don't like you??

copperfan · July 31, 2008 3:33AM

It sounds like it........

lasvegasteddy · July 31, 2008 3:36AM

no problem...cac would step up

etexmike · July 31, 2008 3:41AM

There would be no change for me except maybe coins would be a little cheaper.

I have 2 sets listed that when complete will have a total of 25 coins. Not just a real big player in the Registry game.

Mike

jfoot13 · July 31, 2008 3:41AM

I think it would affect plastic collectors more than coin collectors

SeaEagleCoins · July 31, 2008 3:43AM

I would guess that the moon money prices for most Moderns would fall thru the basement floor...

TwoSides2aCoin · July 31, 2008 3:43AM

I don't participate in it and it's doing fine without me.

Raybob15239 · July 31, 2008 3:46AM

I see a few things happening:

1. Stupid prices for modern crap would end.
2. Stupid prices for low ball common crap would end
3. Coin collectors will go about their business as usual
4. Registry set participants would find another outlet for their competitiveness.

fc · July 31, 2008 3:52AM

not much really. i bet that some series, the people who buy the
coins would not care one tiny bit.

wikyva · July 31, 2008 4:23AM

Not all registry set collectors are competitive. I will say though that my post is by far the most interesting one in this thread.

Doogy · July 31, 2008 4:25AM

the first thing that would happen would be that Griv would go postal, more than he generally does.

lasvegasteddy · July 31, 2008 4:29AM

"Not all registry set collectors are competitive"...that be me as i can't afford to compete

TwoSides2aCoin · July 31, 2008 4:34AM

<< Not all registry set collectors are competitive. I will say though that my post is by far the most interesting one in this thread. >>

The second half of your post struck me as the funniest, so far.

wikyva · July 31, 2008 4:37AM

So far? I may need to upgrade my joke!

mozin · July 31, 2008 4:43AM

The registry sets very often do not include many, if any, of the top collections in the series. Look at Bust Half Dollar variety registry sets. Except for the top few sets, I know of many collectors with sets that would be next in line. Bust Half Dollar collectors don't seemed to be involved much in registry sets.

If PCGS and NGC discontinued registry sets, it would make no difference to me. Perhaps ANACS would step up and start their own registry set, allowing PCGS and NGC coins in their program. Bet it would give ANACS some crossover business. Why registry a PCGS 50, when it would likely go 55 or 58 with ANACS?

Gemineye · July 31, 2008 4:56AM

I am not entered into the Registry.I do not own any MS or PR 70 coins.Some of my coins do not qualify for the PCGS Registry...eg.(mixed TPG)
So your question is .....

<< If PCGS and NGC discontinued Registry sets....What would happen to the coin market?? >>

I think it will survive ...because of tele-sales such as Hertage and the Bay and Teletrade.If they continue with such high grading then collectors will persue those grades on the label.

PerryHall · July 31, 2008 5:10AM

It would hurt some markets more than others. The high grade modern market would be hurt more than the circulated classic coin market.

lathmach · July 31, 2008 5:10AM

One thing that would happen is the Registry Set folks would have a lot harder time finding that "bigger fool" to sell to when it comes time for them to dump their high grade pocket change.
Of course the high grade rare coins will always have buyers lined up.

Ray

Walmann · July 31, 2008 5:57AM

They would never discountine them. Its a tool for the TPG's to motivate collectors to have coins put in their slab versus' their competitor's. Also a form of advertisting for the TPGs.

garsmith · July 31, 2008 6:21AM

<< If PCGS and NGC discontinued Registry sets >>

The bottom would open up, but not fall out, of the slabbed coin market. Smoeone with intelligence and money would buy up all the slabs while prices are low then they would start thier own registry and reap the profits from selling thier hoard.

ksteelheader · July 31, 2008 6:37AM

<< They would never discountine them. Its a tool for the TPG's to motivate collectors to have coins put in their slab versus' their competitor's. Also a form of advertisting for the TPGs. >>

Never??

Cladiator · July 31, 2008 6:39AM

<< Not all registry set collectors are competitive. >>

Bingo. I'm one of them. I use the registry as a convenient place to display some of my collection online. That's all.

starsandstripes · July 31, 2008 6:42AM

I dunno but I just crossed over 3 ANACS buffalo nickels in order to get them into my NGC registry set
probably wouldn't have done it if they discontinued the registry

rhedden · July 31, 2008 6:43AM

A private, internet-based company might some day step up to the plate and start hosting online Registry sets where coins in all kinds of holders could be counted- maybe even raw coins. The company would get its revenue (at least initially) from advertisers, and possibly by offering photography services on coins at shows. An interesting business idea indeed. Can someone make this profitable?

ksteelheader · July 31, 2008 6:55AM

<< A private, internet-based company might some day step up to the plate and start hosting online Registry sets where coins in all kinds of holders could be counted- maybe even raw coins. The company would get its revenue (at least initially) from advertisers, and possibly by offering photography services on coins at shows. An interesting business idea indeed. Can someone make this profitable? >>

Sounds plausible to me.

fc · July 31, 2008 6:56AM

<< A private, internet-based company might some day step up to the plate and start hosting online Registry sets where coins in all kinds of holders could be counted- maybe even raw coins. The company would get its revenue (at least initially) from advertisers, and possibly by offering photography services on coins at shows. An interesting business idea indeed. Can someone make this profitable? >>

it is the type of project i could code up in a week for a rough working example.
another week to add jazzy pictures and graphics. the trouble would be that
you need to keep your bandwidth costs down and i suppose people would expect
to be able to host their pictures there in large sizes.

advertising revenue could cope but making it worthwhile is doubtful on the money
side.

take a bboard for example. if you can make that successful all you are slinging around
is text and tiny pics while getting tons of page hits. a registry set would use 100s of megabytes
if someone viewed all the pics and get only a handful of page views compared to a bboard.

leothelyon · July 31, 2008 6:57AM

<< I see a few things happening:

1. Stupid prices for modern crap would end. >>

True!

<< 2. Stupid prices for low ball common crap would end >>

True!

<< 3. Coin collectors will go about their business as usual >>

True!

<< 4. Registry set participants would find another outlet for their competitiveness. >>

You might see some lawsuits flying and perhaps a few, from a 98th floor window!

Leo

leothelyon · July 31, 2008 7:03AM

<< "Not all registry set collectors are competitive"...that be me as i can't afford to compete >>

I can't either but that doesn't say the FIB Jefferson Nickel collection isn't the greatest set out there to own.

Leo

Gemineye · July 31, 2008 7:23AM

<< 

<< A private, internet-based company might some day step up to the plate and start hosting online Registry sets where coins in all kinds of holders could be counted- maybe even raw coins. The company would get its revenue (at least initially) from advertisers, and possibly by offering photography services on coins at shows. An interesting business idea indeed. Can someone make this profitable? >>

Sounds plausible to me. >>

Maybe even stickerin' all types of top TPG coins and include them into one Registry.Maybe a chatline....a coin forum and maybe a open forum too........!!!!....NAH.....!!!!!
......Who would do such a thing.....?!?!?!?....

Rupert305 · July 31, 2008 7:24AM

<< Not all registry set collectors are competitive. I will say though that my post is by far the most interesting one in this thread. >>

I use my registry sets more for inventory on my slabbed coins. I could care less if I were first or last.

ksteelheader · July 31, 2008 7:28AM

<< 

<< 

<< A private, internet-based company might some day step up to the plate and start hosting online Registry sets where coins in all kinds of holders could be counted- maybe even raw coins. The company would get its revenue (at least initially) from advertisers, and possibly by offering photography services on coins at shows. An interesting business idea indeed. Can someone make this profitable? >>

Sounds plausible to me. >>

Maybe even stickerin' all types of top TPG coins and include them into one Registry.Maybe a chatline....a coin forum and maybe a open forum too........!!!!]/b]....NAH.....!!!!!
......Who would do such a thing.....?!?!?!?....
>>

IrishMike · July 31, 2008 7:52AM

Never ever ever gonna happen. Most submissions are modern coins, its the business that keeps them in business. The registry drives the modern market. Look at the publicly released financial statements and you will see there are some large submitters of modern coinage for grading that make up a not insignificant per centage of sales. You don't have to be a sharp businessman to realize the registry is too important a marketing tool to dispense with.

LindeDad · July 31, 2008 7:55AM

Say good by to this board and the one ATS at the same time. That market is what pays for this.

Edscoin · July 31, 2008 10:12AM

<< If PCGS and NGC discontinued Registry sets >>

PCGS and NGC would probably be discontinued.

Aegis3 · July 31, 2008 10:19AM

<< 

<< If PCGS and NGC discontinued Registry sets >>

PCGS and NGC would probably be discontinued. >>

So what's the downside?

coinbuf · July 31, 2008 10:41AM

<< I see a few things happening:

1. Stupid prices for modern crap would end.
2. Stupid prices for low ball common crap would end
3. Coin collectors will go about their business as usual
4. Registry set participants would find another outlet for their competitiveness. >>

Hit the nail on the head on all four counts

CertifiedGoldCoins · July 31, 2008 10:49AM

Just for fun, I put together a short set of Buffalos (34-38) across the street, and wound up at #14 (mostly 66's, with a few 65's and 67's). Cost me about $4,000. Seeing no point in trying to go higher for $XXXX, I gave it up, and sold them for about the same money I put in. I guess you gotta have a competitive drive (and deep pockets) to do that sort of thing.

DMWJR · July 31, 2008 11:01AM

Well, you naysayers don't have to participate, right?

Tvac897 · July 31, 2008 11:05AM

Hmmmm

Stuart · July 31, 2008 11:06AM

Perhaps people would start focusing more on the eye appeal of coins, rather than their grade...

RYK · July 31, 2008 11:08AM

If PCGS and NGC discontinued Registry sets,

I guess I would stop looking at the registries every month or so.

cupronik · July 31, 2008 1:16PM

If PCGS discontinued their registry sets I guess I would save a fair amount of $ in grading fees since I
would submit about 80-85% less coins to them (since my submissions are mostly high grade modern
circulation strike issues.)

If PCGS and NGC discontinued Registry sets

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The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

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