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PCGS Set Registry Question

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hesgut's Avatar
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 Posted 01/14/2014  8:01 pm Show Profile   Bookmark this topic Add hesgut to your friends list Get a Link to this Message Number of Subscribers
This question pertains to how the "set rating", and thus rank, is calculated for a PCGS set registry. I am considering using my slabbed type set, but if I am understanding their formula correctly, I could lower my score by adding lower graded tough coins. Let me explain;

The weighted GPA is calculated using different coin ratings, where some coins are worth more than others, as well as several grade deductions or bonuses. I'm fairly certain I understand this formula. The weighted GPA is only calculated using the coins one already has.

The percentage complete is simply a percentage of how many coins you have compared to how many are available.

Then the set rating is calculated by multiplying the two.

For a type set, I don't have my bust dollar yet. If I add one, I'm fairly certain my rating will actually go down unless I get the bust dollar in a high grade.

Take this theoretical example;

Let's say a collection includes 10 coins, 9 common and one super key date. Let's say the 9 commons all have weight of '1' and the key date has a weight of '10'. Let's also say there are no deductions or bonuses here.

Now, if I only have all 9 common, all at a grade of MS60, in theory, My weighted GPA will be 60 and my percent complete is .90. My set rating is thus .54.

Now say I add that one super key, but could only get it at G-4. My percent complete is obviously 100% now. My weighted GPA is now 37.6 because the really tough coin was only a G-4. My set rating will drop all the way down to 37.6 too.

That was an extreme example, but in reality, I don't want to buy an AU bust dollar. I'm fairly certain my set will be decreased by only adding a $2000 bust dollar to my type set.

This is stupid, am I missing something here.
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basebal21's Avatar
13014 Posts
 Posted 01/14/2014  8:08 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Certain sets seem to penalize key date coins less than some others do. I agree that its dumb where you see some sets and its just all high grade common dates while some lower ranked sets are all very nice key dates in lower grades.

It seems like the more comprehensive sets punish lower grade harder coins less than say like the basic type sets where its all about just getting the highest grade possible. Look at the basic type set and see how many Washington quarters are just like silver proof 70s to keep the grade as high as possible instead of like a real nice one from the 30s.

Hopefully they will figure out a way to make some adjustments to weigh how hard it is to get a coin.

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jfransch's Avatar
United States
1801 Posts
 Posted 01/14/2014  8:22 pm  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
You should also check out the NGC set registry where the coins are "scored" on both rarity and condition and assigned points which are then added to come up with your point score. At least that is how I read it so any added coin increases the score and added rare dates are worth more points. NGC also gives "half" credit to coins graded details which is a nice feature in the type of coins I collect where old cleanings are common.
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commems's Avatar
United States
12269 Posts
 Posted 01/14/2014  11:34 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
For a type set, I don't have my bust dollar yet. If I add one, I'm fairly certain my rating will actually go down unless I get the bust dollar in a high grade.
If you can afford a Bust Dollar in high grade, then by all means find a nice one and purchase it. But if you can't, buy a nice example in the price range that works for you and don't worry about your rating going down a bit.

A high point rating on a PCGS Registry doesn't make you a better collector than those with a lower score - it usually just means that you can afford to spend more on your coins.

Understand that I'm not criticizing the PCGS (or NGC) Registries - I have sets listed in both - but I don't believe your collecting decisions should be based on whether a particular coin will raise or lower your overall score. My thoughts are that you should collect what you think are attractive coins that you can afford. If you can afford "the best" - Great! If not, be happy with what you can afford and don't let the PCGS points get in your way.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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