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Sad Result Of "Registry" Sets Marketing

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nickelsearcher's Avatar
United States
15396 Posts
 Posted 09/10/2010  9:04 pm Show Profile   Bookmark this topic Add nickelsearcher to your friends list Get a Link to this Message Number of Subscribers
I came across this E-Pray auction ..... an ugly and horrible (IMHO) MS-68 classic commemorative .....

http://cgi.ebay.com/1936-D-Rhode-Is...em19beabd8c1

This $16,000+ coin is ugly, not worthy of consideration for a true collector and will probably sell to someone (not on E-Pray) because of it's exalted MS-68 grade makes it "Registry".

Now .... I'm not against Registry Sets in general ..... I actually have two .... War Silver Nickels and Classic US Commemorative ....

My sets are tailored to my personal goals ..... clean, well struck coins at reasonable grades that I can afford ...... so for me the 'registry' game is a friendly way to track progress against the great collections.

What does bother me is the blind rush to pay serious dollars for an ugly coin just because some TPG has given an 'opinion' that the grade is high ...... despite the obvious lack of appeal to any serious collector.

Open the debate please ...... what do you think of Registry Sets and this coin?

David
Take a look at my other hobby ... http://www.jk-dk.art
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wheatguy's Avatar
United States
1534 Posts
 Posted 09/10/2010  9:43 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply

Quote:

http://cgi.ebay.com/1936-D-Rhode-Is...em19beabd8c1

This $16,000+ coin is ugly, not worthy of consideration for a true collector and will probably sell to someone (not on E-Pray) because of it's exalted MS-68 grade makes it "Registry".


That is extremely debatable. I personally find the coin extremely nice, especially due to the toning, and I'm sure it looks better in hand. Others may agree or disagree, but if had for the right price, it is definitely a great coin and worthy of a high end collection. I'm sure many people would like that toning and blasting that coin, the price, or the seller is slightly harsh IMO. Also remember that it is a "Make an Offer" auction. I personally think people should collect what they want and whatever makes them happy, regardless of what they pay or if it's for a registry set.

Edited to correct some initial overreactions.

Edited by wheatguy
09/10/2010 11:16 pm
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Adam_E's Avatar
United States
4846 Posts
 Posted 09/10/2010  9:50 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply


the coin looks pretty nice to me too.

the toning is just a teensey weensy little bit splotchy but a great coin nonetheless

this coin is really subjective and a lot of people would pay that price, though some people just hate it.

the grade, IMO is spot on. there are a lot of coins like this that grade high.
Edited by Adam_E
09/10/2010 9:55 pm
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Billie's Avatar
United States
592 Posts
 Posted 09/10/2010  9:56 pm  Show Profile   Bookmark this reply Add Billie to your friends list Get a Link to this Reply
LOL needs to be dipped
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Adam_E's Avatar
United States
4846 Posts
 Posted 09/10/2010  9:58 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
why dip a coin that grades MS-68 JUST to bring it down to ms-66 with no toning?

is it REALLY that important to have no toning?
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wheatguy's Avatar
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1534 Posts
 Posted 09/10/2010  10:02 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply
No it isn't Adam, and dipping the coin would keep it at 68. There are some people who love toning and hate toning, although nicely toned coins always carry a premium when sold.
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Adam_E's Avatar
United States
4846 Posts
 Posted 09/10/2010  10:06 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
i thought that dipping a coin brings down the grade a little?

i just learned something new!
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nickelsearcher's Avatar
United States
15396 Posts
 Posted 09/10/2010  10:37 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Great comments wheatguy ..... and just what I was looking for in the spirit of a CIVIL debate on the worthiness of a coins such as this to attract top $$$.

Thanks for the honest reply ......

Please keep the opinions/views flowing here .....

David

Take a look at my other hobby ... http://www.jk-dk.art
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biokemist6's Avatar
United States
12437 Posts
 Posted 09/10/2010  10:47 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Yeah, I am not digging the toning and I am a big fan of nice toning. The coin images look overly brightened but the slab pics appear to be scans so it is hard to judge the actual darkness of the toning. Regardless of the particular coin, I would want professional quality images for anything over a couple thousand dollars but the provided images in the ebay auction certainly do not satisfy all questions.

It is also quite possible that the toning is too thick for an effective dipping and could only be removed with excessive dipping that would impair the coin and kill the MS68 grade
Edited by biokemist6
09/10/2010 10:56 pm
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wheatguy's Avatar
United States
1534 Posts
 Posted 09/10/2010  11:01 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply
Sorry nickelsearcher, I think I overreacted slightly.

I agree with Biokemist, I would need better images but I would not blame anyone who bought the coin, if the coin looks nicer in hand and is worthy of the grade. It would be foolish to buy that coin based on those scans, it'll be interesting to see if the auction goes anywhere.
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Coin Chaser's Avatar
United States
307 Posts
 Posted 09/10/2010  11:52 pm  Show Profile   Bookmark this reply Add Coin Chaser to your friends list Get a Link to this Reply
I agree that the toning on this coin could use some help but if you enhance the beauty of the coin in any way the grading would be in jeopardy. With a coin like this the best action is to appreciate it as it is. MS68 Is usually dreaming material concerning early commemoratives but let us dream on. Nice topic.
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HippieOutcast's Avatar
United States
615 Posts
 Posted 09/11/2010  12:19 am  Show Profile   Bookmark this reply Add HippieOutcast to your friends list Get a Link to this Reply
I hate the rainbow style of toning, but I find this coin quite attractive.
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stephen's Avatar
United States
206 Posts
 Posted 09/11/2010  12:56 am  Show Profile   Bookmark this reply Add stephen to your friends list Get a Link to this Reply
I got a 1964 Roosevelt on ebay that's up to $1.50 with free shipping I think mine looks better...........
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jfransch's Avatar
United States
1801 Posts
 Posted 09/11/2010  02:01 am  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
The MS68 grade is based on strike, lack of marks/scuffs etc and not based on being either blast white or heavily toned. I like the tone on the coin assuming it is less glaring in hand than the in the ebay picture. I have seen numerous commems from the 1930's with stunning beautiful golden toning on the entire coin, seems to be a result of the original packaging they came in if left undisturbed for 50 plus years in a safe deposit box or safe somewhere. Not all collectors like "white" coins and dipped coins always look like dipped coins, you can never regain the luster from the original striking of the coin. Just my humble opinion.
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Dkillett's Avatar
United States
140 Posts
 Posted 09/11/2010  05:34 am  Show Profile   Bookmark this reply Add Dkillett to your friends list Get a Link to this Reply
Eye appeal is in the eye of the beholder. I think the toning on this coin gives it character. It's not one I would personally buy, but that coin will make someone very happy. I have come to really like some toned coins.

Just my 2 cents.
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arthrene's Avatar
United States
1713 Posts
 Posted 09/11/2010  10:40 am  Show Profile   Bookmark this reply Add arthrene to your friends list Get a Link to this Reply
I personally like the toning. It's a little splotchy on the obverse but I don't mind the color. That being said, I wouldn't/couldn't drop that kind of money on any coin.
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