Is There Any Benefit To Developing A Registry Set ?

Like all things with this hobby ..... it depends on your individual desires.

First ..... there is no financial or collectible benefit of having a register set. The coins you own will not change in value/rarity/appeal .... etc just because they are in a 'set'

That said ..... there is a certain appeal to these sets as they allow you to 'compare' your collection against others with the same collecting goals ....... and that is fine IMHO if you stay true to your own goals.

That is the key for me with these Registery Sets ...... COLLECT TO YOUR OWN GOALS. Let the registery set be a secondary thing ....not the main driver to acquiring new coins that are outside your goals.

Here is a specific example from me ...... I am aspiring to collect a complete 50-coin type set of Classic US Silver Commemoratives in PCGS MS grade.

I want my coins to be problem free and clear of toning ..... so I often take a pass on coins with a high technical grade that would 'improve' my PCGS Registery Set score ...... and often 'settle' on lower graded coins that meet my needs and make me happy.

Bottom line .... the registry set thing is driven by competition at the top end ..... and that is not what motivates me ....... although the positive of the concept is the ability to compare your collection (based on your goals) with everyone else who is participating.

Soooo .... apologize for the long reply ..... but that's how I view it .

David

I've been working on a PCGS 20th Century Type Set for the last few months and I've really enjoyed it. One benefit that you get with PCGS is that they will give you free submissions once you complete 90% of a set as long as the raw coins you send in fit that set. I don't know if NGC offers a similar deal.

I have to admit I do have a few registry sets but have only really concentrated on one that used to be in the #1 slot but fell to #2 but have the coins to get it back in the #1 slot as soon as I have the coins attributed with their specific VAM on their label. recently coins has had to take a back seat because my son and I are doing another project that has taken allot more money than I ever imagined when we started but hopefully soon I will have the project done and will be able to at least get this set back where it should be. The registry sets is just a competition that the TPG's created because they know it is in our DNA to be competitive and if there were no registry sets there would be no need to have MS/PF 70 graded coins and there would be no real premium for higher graded coins

If you want to have a competitive registry set you better open your pocketbook and let the money fly. You have the best set if you can compete a set of a higher grade than anyone else on the registry, which means $$$$$$$$$$$. I thought about doing one but was turned off due to the fact of having to have all of your coins graded by the same company(either pcgs or ngc (ngc and have both)...Since I couldn't affird a set if MS-67 Buffalo nickels to compete for the top set I would have to settle somewhere between 500th-1500th...where's the fun in that?