| Author |
 Replies: 19 / Views: 2,517 |
|
Valued Member
United States
382 Posts |
I am thinking more and more that the collectors building registry sets are just competing against each other to see who can put the most cash out and build the best set. Anyone agree with me on this? I think they are missing the whole point of collecting. Sure I am awed when I go to a show and see all the slabs of high priced Silver and Gold, but to have a collection consisting of slab after slab of bright perfect coins just does not do it for me,, and to slab bullion coins? what's up with that? I think it's crazy. Of course to each his own but.... Any thoughts?
Tony
|
|
|
|
Pillar of the Community
United States
2254 Posts |
I think that some of our Morgan collectors have registry sets. In my opinion it's more of the thrill of the hunt. Plus, I think that having the best set compared to other people is rewarding in its own way. quote:
I think they are missing the whole point of collecting
However, that point I disagree with. There are a lot of people that collect for fun, and there are just as many people that collect for investment. I think registry sets are just a very in depth version of collecting if that makes sense. Just my opinion, and certainly not arguing with you Tonphil. Just like you stated, to each his own. I think if I start to get burned out, a registry set would be kind of fun to try. I don't think it's throwing money away if that's what you're insinuating. For the most part the price is directly proportional to the grade. Money is not the limitation for some, finding the coin is!! |
|
Valued Member
 United States
382 Posts |
Oh no not throwing money away, but I think it's more of a investment thing than the collector like me who buys 20 dollar coins because he likes them. I have noticed that there are more and more websites and ads for very high end investement type coinage. I would not criticize anyone for how they collect I am only voicing my take on things.
Tony
|
|
Valued Member
United States
383 Posts |
I had a top PCGS registry set. Some of the coins were very expensive. Although there was a big price jump from MS69 to MS70 I could not tell the coins apart in hand. The coins were near perfect but you could see very minor flaws in each. So I sold off that registry set and am selling most of my slabbed coins. I am concentrating on a BU mint state Lincoln collection in a Dansco album I started about 12 years ago.
|
|
Valued Member
United States
382 Posts |
Hi Joe,
Good for you, if you enjoy it, do it I say. The Lincoln set is more to my liking than the high end slabs. I love collecting but I hate all the hawks in the business that are only in it only for the $$$$ not the fun of collecting. Not saying you fall into that catagory.
Regards Tony
|
|
Pillar of the Community
United States
830 Posts |
I tend to agree with you, Tony. Looks mostly like a big ego trip to me. But if that's what someone wants to do, that's fine. I guess I'm just not that competitive. ... or rich  |
|
Bedrock of the Community
United States
20753 Posts |
I've got to agree with the ego trip to an extent. Imagine if you had a fantastic coin collection and not allowed to display it, discuss it, brag about it, take pictures of it and send to someone. What if youy spent hundreds of thousands of dollars on it. All items are like that. Notice Jay Leno on TV with his web site for his car collection? Notice how he usually starts his shows with one of his cars or motorcycle? Ever go to a car show? How many of those collectors would have those cars if no one could ever look at them and say WOW what a nice car. Same with train shows, gun shows, knife shows, etc. I've always wondered how many people would collect anything if they could not discuss it at all. I like my coin collection as it is and don't care if it is perfect, it's mine.
|
|
Valued Member
United States
382 Posts |
You're right Carl, I guess it is a little ego, showmanship, collecting and competition.
Tony
|
|
Pillar of the Community
United States
834 Posts |
Tights.
The last line in your post says it best I agree 100%.
Bruce.
|
|
Valued Member
United States
382 Posts |
We should all have that problem !!!!!!!!!!
|
|
Pillar of the Community
United States
2254 Posts |
quote:
We should all have that problem !!!!!!!!!!
 I will if I hit the mega-millions tonight. Unfortunately, slabbed coins is the world we live in, and it is a variation of collecting just the same as only buying raw coins. I think we all agree that everyone has a right to collect whatever they want. Bottom line in my opinion is that at some point someone will want to sell the collection. Whether it is the collector themselves, or the family members that it gets passed down to. when that time arrives, I have a feeling that only the slabbed sets/coins will get close to their true value. Again, just my opinion. |
|
Pillar of the Community
United States
675 Posts |
I do agree with the original poster, I don't quite understand the whole registry set thing. I like high-grade coins as much as anybody, but once I coin gets to about MS-63/64 ish, I don't see enough impovement to justify the normally very large price increase. A few small marks on an uncirculated coin doesn't bother me much. I guess for people who really want flawless near-flawless coins with almost no marks registry sets might be the way to go. Anyway, to each his/her own, buy what you like and enjoy!!  |
|
New Member
United States
14 Posts |
Very new to collecting and had a question on this subject. What exactly do you mean by registry set? Do you mean a set that is all graded coins. With the highest possible grade for the coin.
|
|
Moderator
 United States
23522 Posts |
quote:
Very new to collecting and had a question on this subject. What exactly do you mean by registry set? Do you mean a set that is all graded coins. With the highest possible grade for the coin.
PCGS and NGC have formal Registries, where members register their coins as a collection. The PCGS Registry only accepts PCGS-slabbed coins, while NGC will accept both. You sign up, enter the (unique) serial number on the slab of each of your coins, and then brag to your friends about how much bigger your....set is than theirs. |
|
Valued Member
United States
382 Posts |
YEs Tights I agree there. The grade on the holder is the grade of the coin, no bargaining back and forth on selling. Shouldn't be anyway. I equate owning high grade high dollar slabbed coins to investing.
Tony
|
|
Pillar of the Community
United States
830 Posts |
|
| |
Replies: 19 / Views: 2,517 |
Posted 03/06/2007 07:49 am
