Ok so you have the #1 registry set...........................

holeinone1972 · January 8, 2009 9:05AM

Ok so you have the #1 registry set on whatever series you want.

So what?

Who cares?

What do you get besides bragging rights?

I bring this up because of this thread about the $17,000.00 nickel.

I just do not get it.

Help me understand.

Rob

LindeDad · January 8, 2009 9:12AM

Well did you always come in, in second place. Or just once did you make that bully eat dust.

lasvegasteddy · January 8, 2009 9:14AM

there's also pedigree concerns too...at that level you have pedigree option

rgCoinGuy · January 8, 2009 9:17AM

Corvette or Chevette? To each their own, but if you have the bucks, or the talent to 'make' your own top pops, it's now a coin collector sport.

fc · January 8, 2009 9:24AM

i do not think the registry changed the way top sets are looked at
in this hobby. from what i can tell there has always been a lot of
competition in this hobby to have the best compared to every one
else.

what has changed though is that it used to be a matter of a rather
well to do doctor or lawyer paying a stiff price for a very very nice coin
in the earlier days... and now it takes a founder of a major company
or superstar making millions and billions to compete.

It was easier to accomplish several decades ago as there was not as
much competition...

change to today where it is a sport of uber rich folks to buy thee best
as a status symbol.

that is what it is all about. a status symbol.

oh they might enjoy and love coins.. but we all know you do not need
the finest set to enjoy and love something...

it is the rare bird who has the cash to aquire the finest sets and does
not tell anyone they own it. that is the person who does not care about
the status..

not really hard to understand. basic human emotions and thinking
involved.

once the coin has become boring and the status rush wears off.. you
see many of these high priced coins flipping to the next person in just
years now days.

golfer72 · January 8, 2009 11:37AM

I understand it about as much as submitting modern coins in the pursuit of MS-70.

TomB · January 8, 2009 11:43AM

I'm not certain what the rant is about in the opening post, but if it's about the apparently large premium for a Jefferson nickel then I guess all of us who pay a premium over face or intrinsic value would fall somewhere within that same boat.

19Lyds · January 8, 2009 11:51AM

<< I'm not certain what the rant is about in the opening post, but if it's about the apparently large premium for a Jefferson nickel then I guess all of us who pay a premium over face or intrinsic value would fall somewhere within that same boat. >>

I'd wager to say the exact same boat except we gotta sit in back!

Why did Eliasberg do what he did?

Two reasons:

1. He wanted to

2. He could afford to

garsmith · January 8, 2009 12:14PM

<< Ok so you have the #1 registry set on whatever series you want.

So what?

Who cares?

What do you get besides bragging rights?

I bring this up because of this thread about the $17,000.00 nickel.

I just do not get it.

Help me understand.

Rob >>

No bragging rights here; I just have the satisfaction of knowing I have the best set available.

Type2 · January 8, 2009 12:17PM

<< 

<< I'm not certain what the rant is about in the opening post, but if it's about the apparently large premium for a Jefferson nickel then I guess all of us who pay a premium over face or intrinsic value would fall somewhere within that same boat. >>

I'd wager to say the exact same boat except we gotta sit in back!

Why did Eliasberg do what he did?

Two reasons:

1. He wanted to

2. He could afford to >>

And he has a Nice Nickel.

TwoSides2aCoin · January 8, 2009 12:43PM

I understand that all boats float. Some people choose not to put theirs in the water.

leothelyon · January 8, 2009 1:31PM

This series is in such a mess, who's responsible?

Leo

garsmith · January 8, 2009 1:40PM

<< I understand that all boats float. Some people choose not to put theirs in the water. >>

Not all boats float; I had one with a cracked transom it tried to sink on me

sinin1 · January 8, 2009 1:43PM

Leo, in response to your question->

I feel it is the Omaha Bank Hoard

garsmith · January 8, 2009 1:47PM

What's wrong with OBH coins; many of them are top drawer.

mozin · January 8, 2009 1:50PM

I would be a lot happier if there were no registry sets.

Swampboy · January 8, 2009 1:52PM

<< I would be a lot happier if there were no registry sets. >>

Are we making you sad?
Now I feel bad.

Bruceswar · January 8, 2009 1:53PM

<< I would be a lot happier if there were no registry sets. >>

Or at least points not given out. I like the idea of looking at sets.

Bear · January 8, 2009 2:00PM

The Registry set psychology is very similar

to the person that chooses to climb an

impossible mountain or runs the fastest

mile in the world.It is the inherent

competitive spirit spirit of the species. We

all set goals for ourself and exert maximum

effort and money in achieving those goals.

Probably, non of these goals will effect the

world for better or worse. However, these goals

are what set our own vision of ourselves. Achieving

these goals, are important to each of us in how we

view our selves and our place in the world

Perhaps this inherent need, is what makes our species

continue to expand our ability and our knowledge of the

world around us. That need to be smarter, faster and stronger,

is the same need, that has made us , for better or worse,

the dominant species on the planet.

melvin289 · January 8, 2009 2:44PM

As mentioned in the link the 50-D Nickel was a highly hoarded coin. There are never looked at rolls still out there. What happens when someone breaks into their hoard to find a few very nice examples of the 50-D Nickel and the pop goes from 4/0 to say 10/0? What will this do to the price?
I have either 20, 30, or 40 rolls of 1977 Lincolns I have owned since 1977 in bank wrapped rolls. A 77 Lincoln in MS-66 is $50, an MS-67 is $300, and an MS-68 is $3,500. Let's say 2 of my rolls were early strike, very choice examples of a 1977 Lincoln Cent. I cherry pick tham and end up with 10 MS-68's. What does this do to the market?

Ron

COALPORTER · January 8, 2009 2:59PM

Id think having a top reg-set has Zero "Pin-Action" (like Cramer calls it, lol) Outside the hoby, no one even has a clue as to what a registry set is...seems like a real stupid way to show off. Do you see anyone on the cover of the WSJ showing off their coins?

TexasNationals · January 8, 2009 3:16PM

I feel my 66 FS is probally a 67 FS but what do I know. I show a pop of 6 not 4 and I think that whoever paid that much is nuts. I love my registry sets and love moving up, but for that price would be buying a nice, really nice 1942 D/D horizontal not a 50-D. I guess some have to stay #1 but rest asured there will be more 67 FS coins made. I owuld have bought the coin for $100 also probally could have sold it for $200 on ebay.

clackamas · January 8, 2009 3:34PM

I have the #1 1968 set, so what, I made it and I know I have it, I know you cant but I don't give a rat what anyone else thinks. Hows that? How else do I, or is anyone, suppose to know if they have the #1 set? So many americans are fine with second, third or even average standings. The people that drive this country are not the lazy second rate majority. If you are in that majority its your freedom to be second rate, enjoy your lazy boy, thats freedom. You may be just as well off living in Canada, if #2 or less is OK wih you.

leothelyon · January 8, 2009 3:36PM

<< The Registry set psychology is very similar

to the person that chooses to climb an

impossible mountain or runs the fastest

mile in the world.It is the inherent

competitive spirit spirit of the species. We

all set goals for ourself and exert maximum

effort and money in achieving those goals.

Probably, non of these goals will effect the

world for better or worse. However, these goals

are what set our own vision of ourselves. Achieving

these goals, are important to each of us in how we

view our selves and our place in the world

Perhaps this inherent need, is what makes our species

continue to expand our ability and our knowledge of the

world around us. That need to be smarter, faster and stronger,

is the same need, that has made us , for better or worse,

the dominant species on the planet. >>

Abe
This would make great sense had......well, if I ever get the chance to come visit with you... only then would I be able to share my true feelings concerning this debacle of coin collecting.

Leo

Type2 · January 8, 2009 3:40PM

If you have the $$$$ and it makes you happy then do it. I dont whant to so I dont, But some of us buy coins at crazy prices but that is ok we do it all of the time we buy Cents, Nickels, Dimes, Querters, Dollars, Some one can find any coin at any time. So what! we should not buy becuse thy might pull some rolls out of a safe or find some coins in a wall. This is what the Jefferson nickels needs some big buyers that are willing to pay top $$$$ for the grades. We should say ya we have some let see if we can get one. That's what keeps me going to B-M's, E-bay, Coin shows to see if I can find that roll or mint set with that one coin that will go for Big $$$$ that I have in my collaction and I only payed face or $10.00 for the roll, it's the modern day treasure hunt. But that is just me.

BlindedByEgo · January 8, 2009 3:49PM

<< there's also pedigree concerns too...at that level you have pedigree option

>>

I thought that you got the pedigree option based upon completeness.

Human beings are goal-driven... Nothing more.

wondercoin · January 8, 2009 5:07PM

I've got plenty of #2 or #3 or #4 ranked registry sets and I am fine with them (along with some of my #1 ranked sets as well) . But, as to the reference to a $17,000 1950-D nickel, I commented several years ago that, IMHO, that level was silly for that particular coin. I have one of the other 50-D nickels in PCGS-MS67FS (a lovely coin) and it cost me a tiny, tiny fraction of that price. I decided to buy it as it was always a coin I was fascinated with as a kid. The MS67FS was just a treat to myself - the equivalent of the cost of roughly 10 rounds of golf at a top course (I chose to do without the golf).

But. remember that wild auction pricing (like that 50-D nickel) occurs to both classic and modern coins. Anyone remember the auction for the roughly $200,000 1919-D Mercury Dime (followed by the roughly $100,000 or so 1919-D dime the very next sale)?

Wondercoin

TexasNationals · January 8, 2009 5:20PM

I am happy with my #4 sets, they took me long enough and working on bringing some of my #7 and 8 sets into the top 5.

Connecticoin · January 8, 2009 9:22PM

<< Ok so you have the #1 registry set on whatever series you want.

So what?

Who cares?

What do you get besides bragging rights?

I bring this up because of this thread about the $17,000.00 nickel.

I just do not get it.

Help me understand.

Rob >>

How about Just Having Fun? (Which is the Forum handle of a forum member with several top notch sets)

BBN · January 8, 2009 10:28PM

what's so bad about the registry? Some of us have competitive blood. I can't play sports anymore because of this aneurysm in my gut. Before then I loved playing softball and competing in powerlifting. Those days are behind me, but the itch to compete never died. I'm not rich. I'll never have a #1 all time or anytime, but I'm pretty frugal overall and gaining patience so I can get some nice coins. Not the nicest, but some nice ones.

Swampboy · January 9, 2009 12:11AM

<< Id think having a top reg-set has Zero "Pin-Action" (like Cramer calls it, lol) Outside the hoby, no one even has a clue as to what a registry set is...seems like a real stupid way to show off. Do you see anyone on the cover of the WSJ showing off their coins? >>

Spent the Christmas holiday with my grandkids down south. Two of them are very avid coin collectors and we spent a pleasant afternoon looking at some of my coins online and in the registry. I didn't for a second think to share my online trading accounts with them. Oh well. I guess I missed that oppurtunity to show off.
I'm down with your implication the registry is stupid. To each his own.

Grandpa Swampboy

19Lyds · January 9, 2009 12:45AM

<< What do you get besides bragging rights? >>

You get a cool plaque from PCGS and your set gets flagged as No. 1 for the year (

)

Do it enough times and you get one of these:

(Hall of Fame)

And the best part is, when you get your award, you get applauded by fellow collectors who don't really care if you bought your way to the top or clawed your way to the top as they realize how difficult it is to achieve a Number 1 ranking. Having all the money in the world can't buy you a coin where there are but two examples, especially if the current owners of those examples have vowed to keep them forever. When that happens, its either sit and wait for someone to find one for you to buy (and hope nobody notices it) or go out and find it yourself.

After all, its not like nobody wants that top spot!

lasvegasteddy · January 9, 2009 1:14AM

<<<<< there's also pedigree concerns too...at that level you have pedigree option >>

I thought that you got the pedigree option based upon completeness.>>>>

2 factors play heavy here...you must be in top 5 and it must be 100% with over 10 coin composition (special approval below a 10 coin composition set)

a #1 set acquires fame to a degree and you bet the pedigree options in conjunction adds value upon it's sale

sonoranmonsoon · January 9, 2009 1:53AM

No one mentioned the most important reason to have a #1 set......Each year you get a neat paper certificate that is suitable for framing!

19Lyds · January 9, 2009 1:59AM

<< No one mentioned the most important reason to have a #1 set......Each year you get a neat paper certificate that is suitable for framing! >>

Is that all it is? I thought it was a plaque?

sonoranmonsoon · January 9, 2009 2:24AM

<< 

<< No one mentioned the most important reason to have a #1 set......Each year you get a neat paper certificate that is suitable for framing! >>

Is that all it is? I thought it was a plaque? >>

I think the Hall of Famers and Notable award winners get plaques, but I am not sure.

BBN · January 9, 2009 7:34AM

I see where you're coming from on that nickel. I still love the registry. One thing I have set for myself is I'm not going high on the grade if the difference in going from, say, ms65 to ms66 is a $700 coin to jumping to a $3,500 coin. I just can't do that.

PerryHall · January 9, 2009 8:13AM

I never did understand the registry hysteria.

derryb · January 9, 2009 8:22AM

I don't have a registry set (would like one if anyone's got one they no longer need) but I do view them as a way for the proud collector to share with others who can appreciate the accomplishment. I view them on-line all the time.

I get all excited about a new coin, show it to my wife, and she tries to act excited. It's not same as showing it to another collector who can appreciate it. The registry set, to me, is a way to share that coin, via cyberspace, to people who appreciate it. The registry programs create friendly, healthy competition (always a good thing) to those that can afford it. Those that cannot afford it can still participate as spectators, free of charge.

BBN · January 9, 2009 10:59AM

<< I do view them as a way for the proud collector to share with others who can appreciate the accomplishment. I view them on-line all the time.
. >>

I agree. I love seeing what others have and am blown away by Gerald Forsythe's buffalo nickels

Mowgli · January 9, 2009 11:42AM

<< I have the #1 1968 set, so what, I made it and I know I have it, I know you cant but I don't give a rat what anyone else thinks. Hows that? How else do I, or is anyone, suppose to know if they have the #1 set? So many americans are fine with second, third or even average standings. The people that drive this country are not the lazy second rate majority. If you are in that majority its your freedom to be second rate, enjoy your lazy boy, thats freedom. You may be just as well off living in Canada, if #2 or less is OK wih you. >>

Text

Are you serious? You have the #1 1968 set means that you're not in the lazy second rate majority? As the owner of the #1 1968 set means that you are one of the drivers of the country? If I ever had any consideration of registering my sets with PCGS, you just cured me.

CarlWohlforth · January 9, 2009 11:55AM

I achieved the #1 set in proof Jefferson nickels before the registry came fully online. I received a nice printed booklet with that fact laid down in ink. I had the coins pedigreed. That made my wife happy. It didn't last long as people started buying PR 68 pre-50 Jeffs that were newly graded. I didn't think they were worth it so I eventually sold off my set. I also had the #1 1907 proof set for many years. Trust me, there wasn't much competition for that set. My favorite set was the complete type set which I was proud to get in the top 15 for a while. I gave up when financial conditions forced me to sell.

I really enjoyed the brief period when PCGS introduced the 1900s type set. There was a mad dash among CU forum members to complete that set. It was a race and it was fun. I played until all top 10 sets had to have 70s to compete...

Anyway I enjoyed the competition, I enjoyed the interaction with fellow collectors. I made some friends. All in all it was a great experience for me.

GRANDAM · January 9, 2009 2:37PM

<< Is that all it is? I thought it was a plaque? >>

You only get The Plaque if you win a Best of the Registry Award. The yellow dated icon or a Hall of Fame Award.

I only have (1) Plaque and it was for "Teddy Bears"

My Teddy Bears

GrandAm

clackamas · January 9, 2009 3:44PM

<< 
Are you serious? You have the #1 1968 set means that you're not in the lazy second rate majority? As the owner of the #1 1968 set means that you are one of the drivers of the country? If I ever had any consideration of registering my sets with PCGS, you just cured me. >>

I am sure you were cured well before my post. Why do you even read the forum to begin with?

PaleElf · January 9, 2009 3:48PM

<< if you have the bucks, or the talent to 'make' your own top pops, it's now a coin collector sport. >>

Mowgli · January 10, 2009 1:57AM

<< 

<< 
Are you serious? You have the #1 1968 set means that you're not in the lazy second rate majority? As the owner of the #1 1968 set means that you are one of the drivers of the country? If I ever had any consideration of registering my sets with PCGS, you just cured me. >>

I am sure you were cured well before my post. Why do you even read the forum to begin with? >>

If the forum were only about Registry sets, I wouldn't read it. I joined the posts to learn something; unfortunately what I learn is not always interesting or pleasant.

Ok so you have the #1 registry set...........................

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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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