Everyman Set?

Found this on PCGS' site. Never heard of it myself before this. They obviously haven't advertised very well:

PCGS Set Registry Launches 'Everyman' Collections Category

- September 17, 2009

(Newport Beach, California) -- The Professional Coin Grading Service has established a new category in its popular PCGS Set RegistrySM program, the "Everyman" Collections. No coins graded higher than AU58 can be registered in this category.

"The PCGS Set Registry is home to many of the finest collections ever assembled, but some collectors have stayed away from 'the classics' because the costs to acquire Mint State or Proof specimens are prohibitive. So, we've created a way for all levels of collectors, entry-level through experienced, to enjoy the fun and competitive nature of the Registry without spending a fortune on Gem Mint State coins," said BJ Searls, Set Registry Manager.

"Major Registry categories will now have a separate Everyman Collections listing where the highest graded entry will be AU58. With Everyman Collections there's a good chance your set will rank in the top 20 on the first page, rather than near the bottom of the third or fourth page of that group."

The Everyman categories now available are:

•Half Cents
•Large Cents
•Small Cents through 1958
•Two Cents, Three Cents and Half Dimes
•Nickels through 1938
•Dimes through 1945
•Twenty Cents
•Quarter Dollars through 1964
•Half Dollars through 1963
•Silver Dollars through 1935
•Non-modern gold coins

Searls also announced a convenient new feature available as part of the "My Set Registry."

"Now you can submit all the changes to your sets with one click rather going to each set to make the changes. This is a time saver for collectors who are especially active in the Registry," she explained.

Established in 2001, the PCGS Set Registry now hosts over 43,500 sets. In addition to every major U.S. coin series, it offers categories for Australian, Austrian, British, Canadian, Mexican, Costa Rican, Chinese, Cuban, Dominican Republic, Euro, German, Indian, Irish, Japanese, New Zealand, Panamanian, Philippine Puerto Rican, Russian, South African and Swiss coins. Collectors compare their collections to other current and all-time great collections. Sets are ranked in the order of grade point average, completion and overall rating.

This makes a lot of sense. This is really something anyone can put together if they are so inclined. But just for the sake of conversation, if such a registry set is to be put together, on what basis would this done. You just know then that someone is going to start of with saying that his set is better than yours and how is it going to be settled (grade wise)?

What confuses me is that if it's supposed to be competitive then it seems to be sort of a knee-capped competition. Granted I'm new-ish to the game but if the cut off is AU58 then lots of folks can obtain it (hence the "everyman" aspect) but if lots of folks can obtain it then the competition isn't exactly a competition and to get back to ghostrider's last post--how can it be settled? Just sheer volume of one's set over another's?

Am I just completely missing something here?

I just did an ebay search for a single AU58 Lincoln Penny. The bid is $97 plus shipping.

Sounds financially daunting from my point of view. ;)

I guess if you had all AU58, you could slip a higher grade coin in there so that your AU58 will look better then his AU58. lol

Another gimmick to get people to submit AU coins for grading. Next thing the TPG's will come up with is a day of the week coins are graded on the slab. Wednesday coins will be worth more than Monday and Friday graded coins.