Augustus 70

I'm glad PCGS coins are back in and I hope that they extend this to World Sets as well.  By allowing PCGS coins, NGC is creating a more comprehensive database of coins.  This data is almost priceless in many ways, and can be used for a variety of business expansions ... like scan data leasing to eBay, creating a sight unseen marketplace, creating a live market virtual trading platform (like a discount brokerage), etc.  Very valuable.

Secondly, a more inclusive registry will benefit all users in the long run.  Eventually, most users will abandon the PCGS platform and migrate over here.  I have a few dozen PCGS coins that are either too high value, or not valuable enough, to cross.  The thing you have to remember about super valuable coins is that they have been cracked a resubmitted a dozen times to achieve the highest grade.  When you are talking about coins worth $10k+, it simply isn't worth the risk to cross them.

Anyway, a bit of stream of consciousness here.  Bottom line is this, over the next decade you will see people abandon the PCGS registry in droves and make their way here unless PCGS starts including NGC coins in their registry.  I do not believe that PCGS has the software infrastructure in place to do so however.

13 minutes ago, Coinbuf said:

Maybe yes maybe not, a fat wallet has always been an advantage in numismatics but that's not the point.  The issue is not does someone deserve to win because he can outspend everyone, but is it healthy for the registry to have the kind of dominance we are now seeing in the registry ats.  When the small fish have no chance at winning; even if that chance is more illusion than reality; some of those small fish will drop out thus reducing competition which is not a good thing.    I see the same thing in the racing that I do, the fast guys are always fast and when a new racer tries the class and gets his butt whooped he leaves and doesn't return; why - because there is no fun in constantly losing.  Sure you can have fun in this hobby and never win a prize or award, but the point of a competitive registry is to win, and if one person wins most or all the awards its not a competition anymore.  As Gary mentioned that is an advantage of the registry here as awards are given out for attributes other than just top dollar spent; I just hope we don't see what is happening ats happen here.

Yes, but for this reason NGC has opened ‘best presented set’, ‘best custom set’, etc.  A $250k coin should be ranked higher, no matter the holder it is in.  Average collectors will never be able to compete with that, I agree, but nor should they be able to!  Highly pedigreed, top grade rarities will always win the day no matter what.  I enjoy seeing these top coins displayed on here and I also find it inspiring.

But also, if he or she has spent one hundred million dollars on rare coins, then they do deserve to win all the registry sets.

I believe they will migrate towards inclusion in all sets, US and World.  I’m sure it will take time.  I’d imagine that it is a daunting task.

I believe it is a good thing.  NGC will have the upper hand by building a more inclusive registry.

The great thing about collecting is that you can hit ‘pause’ for a few months/years while you sort out other areas of life.

It is true with 90% of modern commems. 

😞

Yes.  Our babysitter is 19 years old and I pay her with 20 dollar bills.  She said that that was the first time she ever held paper money in her hands in her life.

Their whole lives are on their phones and they have no interest in tangible things (cars, cash, collectibles).

I do think there is a large portion of the population who will continue to consume precious metals though.

One thing that I'll agree with, is they have never lost a single coin.  In 2009, I had one come back with peanut butter on it, a few with finger prints, and a few with hair inside the holder.  By and large, they solved those problems a long time ago.

pic unrelated.  What a beautiful coin.

NGC has plenty of employees, that is not the problem.  Contact Ali or Melissa with any questions as they are happy to help.  

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I simply made 2016 the end date on all my sets.  It is still fun to upgrade and search out the rarer issues ...

In NGC's defence, they usually only add all these coins because people send emails requesting them so that they can get a leg up on their competitors.

Just stop buying them.  I stopped trying to stay current on 2016, and it was very liberating.