CSdot

Dang. I basically stopped posting here when the company limited their registry (though I understand that has now been reversed), and now I see that I cheated myself out of 6 years of this gem of a thread. 

On 8/22/2021 at 12:02 AM, Cat Bath said:

I think what you said in the other thread is true about saints. There are probably a lot of folks that don't collect them because it's an impossible set & you're basically a failure before you start.

A "complete" set is 64 coins (Basic + Major varieties + Patterns & Proofs)

A date set is one of each date from 1907-1933 (minus 1917,18 &19 because they were not made) or  24 coins. Disregard the 1933 and you're down to 23 coins. 

Eliminate the "3 sisters" which are very expensive (1930-S, 1931-P or D, & 1932) and you're down to 20

Eliminate the "hole" (1921) and it's 19 

Eliminate the "crash coin" or "Leprechaun killer" (1929) and it's 18. AKA...The poverty set. An average person can assemble a "poverty date set" of 18 although it may take quite some time.

Glad I worked on the "POVERTY SET" when I did. 

On 12/24/2021 at 8:16 AM, Quintus Arrius said:

[Note:  This thread was begun by the OP in Oct. 2017.  Any issues then, have long since been resolved.  As a matter of curiosity, enquiring minds who've weighed in -- and those lurking about -- should like to be apprised of the final results.

SPECIAL NOTE TO THOSE ANNOYED OR EXASPPERATED BY REVIVED THREADS... my role was passive: to assist and abet or otherwise act in concert with others.] 

Rooster 🐓 

There is so little new content on this forum that I for one welcome resurrected threads. Keeps things interesting. 

3 hours ago, Ali E. said:

Hello and thanks for your interest. Some dealers manage their clients' NGC Registry sets for them, as a special courtesy. They can only do so under one NGC Registry account, and they get creative with set names, so they can distinguish one customer's collection from the next.

Thanks for the response. 

Can there be a button that removes dealer created sets letting us view only sets created by other active hobbyist? For example, a total of 79 of the first 100 ranked sets in "Indian Head Eagles 1907-1933" are owned by just two dealers. X1X1X1 owns 63 of the first 100, and By foresthamilton@universalcoin.com owns 12 of the first 100. This leaves only 21 of the first 100 spots for real people. https://www.ngccoin.com/registry/competitive/united-states/gold-eagles/193/?page=1

Presumably X1X1X1 and By foresthamilton@universalcoin.com are successful dealers using the registry to sell sets. If title and control of these registry sets transferred to the eventual owners in those owners' names, that would be one thing, but these 79 sets are still in the dealers' names. I don't begrudge the dealers for finding a marketing gimmick to sell their services (glad to see dealers thriving), but this monopolization of the registry really spoils the fun for the rest of us.

Thanks.

4/5

I am trying to add a PCGS graded $3 to this set https://coins.www.collectors-society.com/registry/coins/public_sets.aspx?CategoryID=9&SetTypeID=160&Ranking=all , but the system seems to only allow NGC and NCS graded coins. Am I looking at the wrong screen or doing something wrong?

With NGC working re-acquire its reputation as the collector friendly registry (though the PCGS registry can legitimately claim some street cred with those cool the dansco looking digital albums for collectors like me who enjoy sharing photos of their coins), maybe it’s also time for NCG to do a little housekeeping to address stale or clearly nonexistent registry entries?

One of the sets I just added my pcgs graded coins to is the $10 Indian registry. I have 9 of the of the 32 coins, or approximately 25%. I enter my coins and my rank jumped to . . . wait for it . . . #97 out of 238.

So I am thinking WTH? I could see Morgan dollars as being a popular coin to collect, but not $10 Indians. How did $10 Indians get to be such a popular set for collectors?

I do a little digging and I see that someone, probably a coin dealer, going by the moniker X1X1X1 has registered (66) sixty-six $10 Indian registry sets, with many not being updated in years and some not touched since 2010. As far as I can tell none of them have photos, and can’t help but wonder if these sets are still complete or if they have been sold off in the past decade? I wondered if X1X1X1 was an NGC loyalist, as why else would NGC allow a dealer to monopolize the registry for his own commercial purposes to the exclusion of hobbiest. NOPE!  X1X1X1 seems to favor PCGS slabbed $10 Indians.

If X1X1X1 is a dealer (not a collector with 66 sets of $10 Indians), I hope he doesn’t trade in other series I like, because if he does,  that would mean I (as a pure collector) would have little hope of breaking into the top 25.

If on the other hand X1X1X1 is a collector with 66 duplicate sets of $10 Indians (and not a dealer), then it appears X1X1X1 has some serious OCD and should seek help. 😉😎

Rant over. 

NGC's ultimate goal is to remove the PCGS coins from their registry sets. Since about half of my coins are split between NGC and PCGS graded coins my registry sets are now obsolete. Registry sets are now of little interest to me and I will continue collecting coins based upon my personal interest rather than expand into new types of coins. I have devoted my remaining coin collecting budget to other interests. Heritage, Great Collections, and other coin auction houses you may thank NGC for the drop in interest and price of coin collecting. My wife will enjoy her new ride in her bmw z4 . happy wife happy life.

I think I have a decent little collection, but I admit that some of my purchases were made after checking here to see if the coin might bump me up on the NGC registry. I am not saying that was my full motivation, or even 50% of the motivation, but it played into my decision making process.

Oddly, I had no interest in what my purchases would do to my rankings on my 10-20 PCGS registries sets. That is because only the NGC registry allowed both company's slabs, which made it more user friendly and logical.

As I can't see myself limiting my purchases to just one company, this development has me re-evaluating my interests in registries.

Color me surprised. Must be a ton of people actively entering coins on the registry that are basically ignoring these forums then. I could log in once every 24 hours and read all of the new posts in 10 minutes.

 

Yes, the PCGS forum is much more active as is the Coin Community Family to which I have belonged for about eight months.

 

There are many registry people who don't participate in forums like this. Given the prices that they sometimes pay for coins that are high up in the condition census pecking order, some of them might have more money than brains.

 

As a dealer, I was only on the edges of this market. If you can get the material, which is usually very difficult to do, you can get some very high prices for "Top POP" coins. These prices can make auction results look like a class of pikers.

 

Those prices can also be like an ice storm in July. They can melt very quickly if more coins are graded at the high levels, which has happened to some modern issues.

Bill-

I will say that your registry sets have been a motivation to me and many here. It is nice to see what can be put together by a person with a passion for the hobby over a lifetime of collecting. Even if our host curtails the registry after this year, it has been an honor viewing your collection online.

Color me surprised. Must be a ton of people actively entering coins on the registry that are basically ignoring these forums then. I could log in once every 24 hours and read all of the new posts in 10 minutes.

What surprises me is why either company cares about the registry? There couldn't be more than 250 active collectors on this registry forum? Most of the TPG revenue (I'd estimate 90%) has to come from dealers, who mostly don't care a lick about online registries.

NGC currently has a feature that allows users to view the registry as (1) NGC only, or (2) all coins. One solution NGC might consider is reversing the default so the "NGC only" setting is the default setting, and the "NGC only" setting becomes the one used by the moderators in awarding annual Best Set awards. That way collectors can maintain their sets here, but NGC has a legitimate way to reward collectors who exclusively patronize the host's grading service. Additionally, if collectors had a way to see where they would have ranked, there might be the added benefit of encouraging members to cross their coins to NGC for competition purposes.

The NGC and PCGS registries have one big draw each that I enjoy. For PCGS that is the really cool virtual album feature. For NGC is it has been the ability to compete and display all of my coins in one place, regardless of name brand on the slab.

Up until this announcement, the NGC ability to compete and display all of my coins in one place was a more attractive draw. For this reason, NGC has been my home and earned my loyalty.

However, with this recent decision, the NGC advantage is disappearing. The result, the registry with the really cool virtual album feature will be the clear winner.

Given the decision to discard the key benefit of the NGC registry, all I can suggest is that NGC do some soul searching on what they can do to differentiate their registry from ATS. Thanks.

What I think is implied in Mark's statement is that NGC slabs are cracked out, sent for crossover to PCGS, and re-entered in the NGC registry at a higher grade. I accept his reasoning and their decision to granfather older PCGS coins already in the registry. This I think will effectively level the playing field between the two registries. It will also cause an NGC registry participant to submit raw and crossover coins to NGC for grading rather than to PCGS for later entry into NGC's registry. This then is a business decision that makes perfect sense.

Gary

This may be the first time I've read a post where this premise is that ATS likes to upgrade, not downgrade, coins slabbed on this side of the street. That said, if this election has taught us anything, sometimes the hype is just an empty pantsuit.

Here is my most recent Roosevelt dime:

http://coins.www.collectors-society.com/WCM/CoinView.aspx?PeopleSetCoinID=1314227