Interesting developement that could be produced with the cre ation of the Everyman Set Registry

Bear · September 12, 2009 4:25PM

This could cause a market increase in values and scarcity of

VF-45, AU-50, AU-55 and AU 58 grades. This would be

interesting, especially in the Capped Bust Series. Time will tell.

It also makes set building affordable for most collectors. This

could really give a boost to the collecting fraternity.

DwaineO · September 12, 2009 4:32PM

This will be interesting. Not sure exactly how I feel at the present time about this latest announcement.

Artist · September 12, 2009 4:48PM

"Well, I paid MS-61 money, but I intend to crackout & hope for an AU58."

Bear · September 12, 2009 5:08PM

The perversity of fate, usually dictates

you want an upgrade.....no soap

You want a downgrade..no soap.

That the way it seems to go.

Dismeguy · September 12, 2009 7:18PM

Indeed, the latest PCGS action targets certification revenues from the high end circulated market. JJ Teaparty has been quite successful in marketing seated coinage in PCGS circulated grades and now PCGS is taking the next step on broader basis. I can see where AU58s will be become in demand for a top Everyman registry set.

RYK · September 26, 2009 2:10AM

I am waiting for the Hoi Polloi Set Registry, max grade of VF-35.

Baley · September 26, 2009 2:16AM

there is already an inverted price curve in many series, for example Morgan dollars, such that a poor-1 and Fair-2 are "worth" more than AG-3.

Personally, I'm waiting for the "fine-15" registry, where every coin in the set must grade exactly fine-15. Oh boy, will my coins ever be valuable then!

Swampboy · September 26, 2009 2:18AM

<< I am waiting for the Hoi Polloi Set Registry, max grade of VF-35.

>>

I'm down with that.
Can't wait to register my "Slum Dog Collection."

illini420 · September 26, 2009 2:20AM

I've already seen a couple of dealers pushing their AU55 & AU58 coins a little stronger and at stronger prices than I think they may have done so before the new everyman sets.

PerryHall · September 26, 2009 2:28AM

It's just a ploy to get people to submit low value AU coins for slabbing just to make them eligible for the Everyman Set Registry.

Edscoin · September 26, 2009 2:31AM

<< It's just a ploy to get people to submit low value AU coins for slabbing just to make them eligible for the Everyman Set Registry. >>

Gotta make a Dollar somehow.

LindeDad · September 26, 2009 2:33AM

I already over paid for a 58.
Who else joined the parade.

Added that my set is number one and there are holes to fill anybody want to trade 63's for 58's?

Swampboy · September 26, 2009 6:01AM

I would love to sit and pore over the #1 Everyman Complete U.S. Type Set (1792-1964): The Cumberland Valley Collection.

Link

I do wish the year of mintage was noted for each piece in the sets.
It's a minor pita looking up coin numbers.

howards · September 26, 2009 8:51AM

We need individual registry sets for every possible grade. NOT.

MsMorrisine · September 26, 2009 9:46AM

PO01 the poor man's registry set for collectors with more cents than sense®™©?

LizzieCoggan · September 28, 2009 12:21AM

The Everyman Registry Set allows collectors to "compete" within weighted sets that only grade up to AU-58. It should do many things: 1. create a greater demand for split grade coins as you indicate; 2. create a sense of excitement and competition among collectors in the circulated grades to achieve the "finest set of circulated coins" and 3. Make circulated collections worth more money for the same reason the Uncirculated sets are. I for one, plan to support this collecting venue by submitting circulated type coins that will holder at PCGS in all series so collectors can assemble these sets in various grades. Watch my website for PCGS grade circulated type coins. --Liz Coggan

ziggy29 · September 28, 2009 12:23AM

I'm not sure I like what I think this will do to the alter the coin market in the higher circulated grades (that tends to be what I collect), but I do have a lot of XF/AU coins (mostly IHCs and early Lincolns) which could benefit from it.

RYK · September 28, 2009 12:39AM

Think of it as the AAA baseball championship. It's for those of us who cannot compete at the Major League level.

ziggy29 · September 28, 2009 12:42AM

<< Think of it as the AAA baseball championship. It's for those of us who cannot compete at the Major League level.

>>

I promise I won't mention football right now...

LizzieCoggan · September 28, 2009 12:47AM

Let's face it, it might be the AAA of coin collecting, but it is where the majority of active collectors "reside" and I, for one, look forward to helping collectors assemble nice Registry sets of circulated type coins. I think it will be great fun and will help to increase the value of coins in the G-AU-58 grade range.

PerryHall · September 28, 2009 1:00AM

Does the typical "everyman" really care about the registry or does he just go about collecting what interests him? In most series there will be AU coins that aren't worth the expense to have them slabbed. In order to complete their "everyman registry set", collectors will have to pay to have these coins slabbed.

ziggy29 · September 28, 2009 1:05AM

<< In order to complete their "everyman registry set", collectors will have to pay to have these coins slabbed. >>

I suspect that's the business aspect of it, of course....

RYK · September 28, 2009 1:05AM

<< Does the typical "everyman" really care about the registry or does he just go about collecting what interests him? In most series there will be AU coins that aren't worth the expense to have them slabbed. In order to complete their "everyman registry set", collectors will have to pay to have these coins slabbed. >>

What are you talking about? I am going to crack out my 62's, wear 'em down a bit, and try to make them into AU-58's.

mozeppa · September 28, 2009 1:17AM

Hoi Polloi ?

RYK ...thats greek to me!

ancient that is.

LindeDad · September 28, 2009 2:15AM

Try affording a MS set of Capped Bust Half Dollars or Half Eagles.
There expensve in the AU grades for most collectors.

rld14 · September 28, 2009 2:17AM

Oh I think it's a great idea, it's so nice that you average everyday working stiff can complete that set of AU58 Morgans or Saints

AU58WALKERS · September 28, 2009 2:19AM

i like the idea

BECOKA · September 28, 2009 2:45AM

I only own one MS coin and it is only MS60. So close but so far. Guess I'll have to toss it and look for one with a little less luster so I can compete in this new frothy frenzy of a registry.

illini420 · September 28, 2009 2:47AM

<< Think of it as the AAA baseball championship. It's for those of us who cannot compete at the Major League level.

>>

I think that's a very good analogy. And at any time they wish any one of the Major League players could move on down to AAA and dominate with ease!!! So if any of the Major League players wish to do so, they can continue to ensure that the "everyman" cannot compete in the Minors.

Arizonadesertrat · September 28, 2009 5:22AM

For the TPGs and certain dealers, this is good marketing strategy. Not so good for collectors, however.

RYK · September 28, 2009 5:26AM

Actually, I do not have any issue with it. If people enjoy it and no one is getting hurt, what's the harm?

I have personally never really bought into competitive collecting, and, therefore, the whole registry concept is somewhat lost on me.

I think it will be great fun and will help to increase the value of coins in the G-AU-58 grade range.

I am on board for the fun part, but do not care so much of elevating the price of common coins in the lower grade ranges. I think that the collector usually ends up holding the bag.

Bear · September 28, 2009 5:26AM

I disagree with the above comment. Many average collectors have
been squeezed out of the top ranking for sets because of the cost
involved with placing top grade coins in a set. The new limits on the
everyman sets, will allow many more collectors to participate in a
meaningful way. This change should be beneficial to PCGS, dealers
as well as collectors in general. It will certainly give a boost to high
grade circulated coins.

RYK · September 28, 2009 5:30AM

<< I disagree with the above comment. Many average collectors have
been squeezed out of the top ranking for sets because of the cost
involved with placing top grade coins in a set. The new limits on the
everyman sets, will allow many more collectors to participate in a
meaningful way. This change should be beneficial to PCGS, dealers
as well as collectors in general. It will certainly give a boost to high
grade circulated coins. >>

I think it really depends on the series.

Do we need a Everyman Set for the short set Walker, arguably the ultimate Everyman classic coin? Or the Frankie?

How about the Liberty $10 set? Even at the XF level, most average collectors are priced out completely.

And Lincolns? How much fun is it going to be to try to get a slabbed 1943 1c in AU-58? Or a 58-D in 58?

Some sets lend themselves to this concept more than others.

Bear · September 28, 2009 5:34AM

RYK, you are correct. I should have said
selected sets, not all sets.

Arizonadesertrat · September 28, 2009 5:36AM

Collectors need to realize that much of the 'sardine' coin business relies on marketing that targets niche areas. Many of these end rather badly for collectors----think about PF70/MS70 moderns, high-grade Franklins, most contemporary collector items from the U. S. mint, etc. Do you really want to spend $35-$40 to slab a $50-$250 coin? Not me---I'll spend my non-coin numismatic money on books and auction catalogs instead.

Arizonadesertrat · September 28, 2009 5:44AM

<< I disagree with the above comment. Many average collectors have
been squeezed out of the top ranking for sets because of the cost
involved with placing top grade coins in a set. The new limits on the
everyman sets, will allow many more collectors to participate in a
meaningful way. This change should be beneficial to PCGS, dealers
as well as collectors in general. It will certainly give a boost to high
grade circulated coins. >>

What do these registry sets REALLY have to do with coin collecting? Think about it---too many collectors are like lemmings. These sets are about collecting pieces of plastic that may or may not have nice coins inside.

Bear · September 28, 2009 5:45AM

For those that collect the classical sets such
such as Bust, Barber, Seated Liberty ect,
these new grade limited sets could
prove a boon.

Arizonadesertrat · September 28, 2009 5:53AM

<< For those that collect the classical sets such
such as Bust, Barber, Seated Liberty ect,
these new grade limited sets could
prove a boon. >>

I don't understand your logic. There is already an upward-creeping increase in prices for nice collector-grade Bust-Seated-Barber coins (EF-AU grades). Thirty years ago, I finished a set of Barber halves in AU50-58, and sold it in 2007. Now I wish I had kept it, because collector price-pressure means that it would have been a good investment too. Collectors don't need this kind of overt market manipulation to assemble nice sets of coins in any grade.

cone10 · September 28, 2009 6:00AM

I think PCGS needs to create an Everyman bulk submission service. 100 coin minimum from the same series, AU or under, coin value 50.00 or less for the low low price of 5.00 per slab! Everyman could afford that

RYK · September 28, 2009 6:06AM

<< I think PCGS needs to create an Everyman bulk submission service. 100 coin minimum from the same series, AU or under, coin value 50.00 or less for the low low price of 5.00 per slab! Everyman could afford that

>>

That's a good point. Who is going to want to spend $18 or more to slab a 58-D Lincoln in AU-58?

SeaEagleCoins · September 28, 2009 6:16AM

<< 

<< I think PCGS needs to create an Everyman bulk submission service. 100 coin minimum from the same series, AU or under, coin value 50.00 or less for the low low price of 5.00 per slab! Everyman could afford that

>>

That's a good point. Who is going to want to spend $18 or more to slab a 58-D Lincoln in AU-58? >>

Yes...and then imagine the utter frustration when it comes back in a genuine holder...

LizzieCoggan · September 28, 2009 6:20AM

agreed

LizzieCoggan · September 28, 2009 6:24AM

"I don't understand your logic. There is already an upward-creeping increase in prices for nice collector-grade Bust-Seated-Barber coins (EF-AU grades). Thirty years ago, I finished a set of Barber halves in AU50-58, and sold it in 2007. Now I wish I had kept it, because collector price-pressure means that it would have been a good investment too. Collectors don't need this kind of overt market manipulation to assemble nice sets of coins in any grade. "

This is exactly the type of set that would benefit from having been in the Registry. I would venture to guess your set would have been worth at least 25% more in PCGS holders listed in the Registry. Think of the trickle down effect. If you were the #1 registry set for Barber halves, say, then everyone from Set #2 through whatever would need your coins to put themselves at #1--that's how it benefits you--when you sell your coins you get a lot more for them. Just as has happened with the Mint and Proof Registry sets in the past.

collegecoincollector · September 28, 2009 7:00AM

on a submission you can specify a minimum grade....wonder if you'll now be able to specify a maximum?

Arizonadesertrat · September 28, 2009 7:15AM

Your reasoning relies on a sort of 'greater-fool' theory. Collectors who get sucked into this kind of game better not be left without a chair when the music stops. Read threads posted during the last few years about common, high-grade red Lincolns being run up, or the crash in prices for most high-grade Franklins, etc. Assembling most 'Everyman' registry sets will require that common, low-value coins be graded. The Capped-Seated-Barber-etc. coins that are tougher to find in higher-circulated grades with real eye appeal are going up in price anyway, with or without slabs.

Bobcatz · September 28, 2009 7:45AM

<< It's just a ploy to get people to submit low value AU coins for slabbing just to make them eligible for the Everyman Set Registry. >>

bingo, the whole thing reeks of a cash grab.

Bear · September 28, 2009 7:49AM

While it may be true, that this is a marketing ploy,

there seems ample evidence of a desire by collectors

to compete at a lower grade level. Not everyone can

afford to buy 15,000 dollar specimens to obtain a top

rated set. It is just possible, that business interests

and collector desires happen to coincide on this issue.

LizzieCoggan · September 28, 2009 8:00AM

Arizonaman: I agree with the reasoning about the modern coins being inflated in price both for circulated or mint state examples. I am more focused on the truly collector coins such as your Barber halves. They are legitimately scarce and are worthy of the increase in price--just look at the pops for some of the dates. I have never been an advocate for modern coins--if you look at my website, I don't even handle them.

Bear: I think you are spot-on with your assessment. I believe the Everyman Registry will be very popular with collectors especially if someone provides the inexpensive coins for them to be able to complete their sets, which I endeavor to do.

LindeDad · September 28, 2009 9:14AM

Hearing all these comments about this bringing about more submissions just does seem to hold water. At least not in the one I am working on. I just looked at the population report for Peace dollars and find to my pleasure that the AU58 grade has higher pops already than most of the other grades and in the key dates this is especially true. So it looks like these coins are out there already all this did is maybe open up the market somewhat. Oh and since there are already over a hundred of every date and mint mark I don't see a real need for increases in price or submissions at this time.
Has anybody else looked at any of the other series to see if there is going to need to be a mad rush of submissions to fill a need some where?
Oh! And before someone goes and does a bunch of submissions to fill this imagined need be sure and check the price guides as some of these even in the magic 58 grade have a hard time paying for the grading.
As long as the rubbed 63’s keep coming back as 58’s the need will be filled IMO.

rld14 · September 28, 2009 10:36AM

<< 

<< I disagree with the above comment. Many average collectors have
been squeezed out of the top ranking for sets because of the cost
involved with placing top grade coins in a set. The new limits on the
everyman sets, will allow many more collectors to participate in a
meaningful way. This change should be beneficial to PCGS, dealers
as well as collectors in general. It will certainly give a boost to high
grade circulated coins. >>

I think it really depends on the series.

Do we need a Everyman Set for the short set Walker, arguably the ultimate Everyman classic coin? Or the Frankie?

How about the Liberty $10 set? Even at the XF level, most average collectors are priced out completely.

And Lincolns? How much fun is it going to be to try to get a slabbed 1943 1c in AU-58? Or a 58-D in 58?

Some sets lend themselves to this concept more than others. >>

I think that, joking aside, is that this isn't really going to work the way that PCGS ideally wanted it to. Look at the sets I am working on at the moment, mainly Barber Halves in VF and, to a lesser degree, the Dimes in VF.

Currently I have the #3 set and #4 all time set of Everyman Barber Halves. I think that will last, I dunno, about a week. Craig's set of XF45 Halves which he retired is currently the #1 ATF, I give that a week at best. But what would it cost to build an AU58 set of Barber Halves? I figure my set of VF halves is going to probably cost me $15,000+, figure Craig's set has to be worth $25K+ (Shooting from the hip here).

The Garden Variety collector can't swing that.

Bear · September 28, 2009 10:48AM

That would depend on

how big their garden is.

Interesting developement that could be produced with the cre ation of the Everyman Set Registry

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