Flaws With Registry Points posted by The Argentum Collector

[CSJournals-migration]

I recently decided to try and add the 283 silver world coins I have in my custom set (THE GLOBAL SILVER COIN COLLECTION) to competitive sets so I could get registry points for them and see how I rank amongst other collectors.

 

After going through each coin, I wasn't able to find a spot in any competitive set for 1/4 of my coins (73 silver coins). I did however end up ranking at #1595 but would be much higher if I could receive points for all of my coins. I really wish there was a way to receive registry points in custom sets (of course barring duplicates).

 

Also I noticed some odd points being giving to some of my coins. Coins that are much more rare, older and valuable are being issued less points than those more common, newer and less valuable. Such as:

 

1. My 1976 MS 67 Ike Silver Dollar which is valued at $90.00 received only 205 points, while my 1972 PF 68 UC Ike Silver Dollar which is valued at $27.50 received 248 points?!

 

2. My 1987 MS 69 Silver Eagle which is valued at $65.00 received only 220 registry points, while my 2013 MS 69 Silver Eagle which is valued at $60.00 received 237 registry points?!

 

3. My 2005 PF 70 Silver Roosevelt Dime which is valued at $50.00 received only 201 registry points, while my 2008 PF 70 Roosevelt Dime which is valued at $42.50 received 320 registry points?!

 

4. My 1989 MS 68 Panda valued at $85.00 received 404 registry points, while my 2002 MS 68 Panda valued at $80.00 received 489 registry points?!

 

Maybe someone can explain to me how this works? Should not a more valuable and rare coin receive a higher amount of registry points than on worth much less and more common?

 

See more journals by The Argentum Collector

[jackson64]

yes, the points can be a bit off at times--ask the architect in the NGC registry link on the chat boards to adjust the ones you think are skewed.

 

PS:

Don't be too disappointed however, you are getting 4x to 10x points for dollar spent. I have some classic coins that get less than 1 point per dollar value........good luck, they are pretty good at adjusting the points or adding new, foreign sets if requested

[Six Mile Rick]

On the ones you listed----

Check the actual mint sales population. You may find that the higher points are given for lower mint not higher sales value. I do know that the 2008 mint set was limited compared to others and costs more. This may be where they are doing their points adjustment from. Might have been less Pandas produced in 2002 compared to 1989

 

My Guess!!

[RWB]

Why does it have to come down to dollars spent? I don't understand.....

[Electric Peak]

I'm with RWB on this. Registry points should not necessarily follow the money. I think it should be based on things like grade, certified population (somehow taking into account pop in grade, pop better,

and total pop, also taking into account that the total certified pop will drop off at the lower end as it just isn't worth certifying low value coins).

 

I'm tempted to think in terms of points per dollar, given that I focus on coins that tend to get fewer points per dollar than a lot of the modern stuff. It's a tough call. I want to say that getting points based on value would make the registry a way to show off, but regardless of the basis of the points, the registry is already a way to show off.

 

From my comments above, it's clear enough that my preference would favor collections of higher grade classic coins over other things, i.e., collections like mine. I think we all ought to try to step back from the competition aspect of the registry (and market trends that follow), and just enjoy collecting the things we enjoy and sharing information about them. After all, even though I have some high ranking registry sets, the people who know what's out there know that there are numerous collections better than mine - better than mine will ever be.

 

Alan

[darryl f jones]

I agree there seems to be no logic to the point system, however everyone receives the same points for the same coin. That being said all registry sets have the same point value. I think a good example to study is the Lincoln cents - the point value is very low regardless of the rarity.

[Merlin8*]

Just wondering,

 

Could it be that cost has no bearing on points but series and mintage carry more weight? Is there a tier scale, for use of a better term, used to rank coins and they receive more points according to that ranking?

 

Merlin8*

 

 

[brg5658]

Advice for you: Since you started in the Custom Set world, I'd stay there. I started collecting and filling holes in the competitive registry sets, and found myself really becoming bored with the hobby. I was "point hungry" at one point, to the level of losing track of buying the best coins regardless of what the silly points and labels said.

 

About four years ago, I started a few custom sets. That's where the true hobby has been for me. I think too many people get too wrapped up in registry points. In the end, who cares? The points aren't your bank account balance -- they should have no bearing on your decisions. Buy what you like, collect what you like, and let the points fall where they will (if you even put any of your coins in the "competitive set" side of things).

 

Just my 2 cents...

 

Best, Brandon

[Electric Peak]

Well said, Brandon.

[DCZAN]

I think my post was misunderstood. I could care less about points and value, I was just trying to see how the point system worked (I found it odd).

 

My one and only focus is on silver world coins and my custom registry set THE GLOBAL SILVER COIN COLLECTION. When purchasing a coin I have no idea of it's points value. I focus only on it's rarity, it's national origin, silver content and grade.

 

I was bored and just wanted to see how many points my set had accumulated after 2 years, which was impossible to find out since 1/4 of the coins fit in no registry competitive set.

 

Happy hunting Gentlemen.

 

Take care,

 

Dave

[RWB]

I found some Green Stamp books in the attic....will they help with points?

[Ali E.]

Hello, Argentum Collector.

There are a variety of factors involved in our scoring algorithm. Please click below for a description:

 

NGC Scoring Algorithm Description

 

Thank you for your interest in NGC.