I'm so conflicted......

This hobby makes me laugh at myself!

I got back into collecting in December after a very long lay off(35yrs). I'm putting together a Type Set somewhat modelling the 7070 w/gold. I've made pretty good progress and have regretted a few buys that I will be upgrading. It felt nice to fill a spot, but I soon wish I had held out. It will be an all slabbed problem free set when done.

When I began 2 short months ago, a $50 coin seemed like a lot. It was no time before I was desensitized to that and began writing bigger and bigger checks.

I just caught myself laughing when I entered a 1798 1C Draped Bust into my type set. I always wanted a 1700 coin since I was a kid but could never afford it. I put it into my own custom NGC set and then went to the competitive set to add it. I don't care to compete but it is fun watching your points climb into the top 100....back on topic.

So then I find that the NGC 7070 set only allows for Draped Busts from 1800 on. WTH? So, laugh #1 is when I say to myself I should have bought that 1803 I was looking at for the points. WHAT!!!!! I catch myself. I've always wanted a 1700 coin so I bought one and the heck with the points. I'm tickled to death.

Laugh #2 comes when I am now looking for a $2.50 G Liberty for my gold stuff. I've filled all the others because either the price was right or I just felt I was getting some value with the gold price vs asking price with low numismatic cost. That original $50 expensive coin seems like pocket change now. All the $2.50 Libs I'm seeing are over $400. I picked up my slabbed $2.50 Indian for under $300 so no way I'm paying over $400 for a Lib(unless of course it's a C or D).

Then it hits me, I just paid $450 for 8cents of copper in my 1c Draped Bust yet I'm balking at $400 with $160 of gold in a $2.50 Lib. I shrug my shoulders and welcome myself back into coin collecting.

 

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My suggestion would be to pose this question on the "Ask NGC" forum. It wouldn't be the first time when a slight oversight prevented a registry participant from entering a particular coin. If, in fact, pre-1800 coins are not allowed, then I think you should (politely) suggest that they change their rules to accept them.

Chris

 

I did post it as a simple question and didn't get a response yet but it's only been a day. I didn't ask them to change though. I didn't ask to change it because it's their sandbox and their rules and in the end it's not a big deal. I look it like I did when I asked about older commemoratives like the Lafayette $1. I asked if there was a place for it as all I saw was 1983 to present moderns. I was told it's for moderns only. That's fine, again that is their rule. For my own personal type set it will include both 50c and $1 older commemoratives and also 50c and $1 moderns.

 

to be honest with you, who cares? i am very competitive by nature. but truthfully, i am more competitive with myself than i am with the humans. i appreciate that you spent some coin on a coin that doesnt register for points, and i would continue pursuing that rules change. but seriously, who cares? my uncle got me into coin collecting many years ago. he is a stacker/numismatist blend with a skew towards stacking. i am the same but a skew towards numismatics. when we got together after a few years, i pulled some of my choice items. he did the same. lets just put it this way, his jaw was lower than mine. and he has what i would consider to be a much more disposable income as he is already past his retirement years, yet still works, and i am in my thirties with a baby and a baby on the way.

my point being, screw the points and NGC (i know, anyone who reads my posts knows i consider NGC as the only true TPG)...collect the coins you drooled over since being a kid. i promise you it will "satisfy" you more than inching up a ranking or two by buying a secondary choice.

 

My point exactly. That's why I caught myself laughing at myself when I was momentarily disappointed I didn't get points. It faded quickly when I look at the 1798 on the coin. 3 coins I always wanted as a kid and couldn't afford.......1700's Lg Cent, 1917 T1 SLQ with a nice boob, and a St Gaudens. I've now got them all and am tickled to death about it. Now if I can just become a scratch golfer life will be complete.

 

this hobby is addicting!

 

I agree. Many people get into the registry competation but that's not what his hobby is truly about. Go after the coins you really want. IMHO, the registry system is just an extremely clever way for the TPGs to advertise their product. They have literally created a competitive demand for their product.

Also, I'm not against the TPGs in any way...I just think the registries are them being a little manipulative.

 

Yes - this hobby does make you laugh at yourself sometimes. I have done the same thing a couple of times - around pricing. What grade were you looking at on the quarter eagles?

 

Goes hand in hand with the whole "dont buy the slab buy the coin" argument. I love NGC. But I love coins more.

 

Agreed. I'm a big believer in buying the coin not the slab. However, I do believe the slab still has value (at least when it comes to PCGS or NGC).

I think what a lot of people tend to forget...is the evaluation by the top tier TPGs is akin to an evaluation by experts in the field. Whenever an expert in a field (any field) evaluates something and gives their opinion of it (as they do when the TPGs slab the coin)...that expert opinion has value. Now...is a raw coin and a slabbed coin worth the same? Yes. But, I'm a big believer that the package of the coin with that evaluation (the slab) is worth more than the coin alone. How much more? It depends on the coin and the buyer.

 

I understand your frustration with the registry. I faced a similar challenge with my NGC registry (basic U.S. type, no gold) in trying to get them to add "no moderns" (nothing post 1964) to that format since I have no interest in those coins. I've requested this and even spoke to a NGC rep at FUN about it, but to no avail thus far.

I think participating in the registry as a type collector has given me focus and a map to building one. I don't care much about the competitive aspect, but I do like to have a place online where I can post and see pics of my small collection.

You could just participate in the full blown type set version and have a separate registry just for your gold. Another option for you that would then accommodate your 1700's coinage.

 

Most AU55 and 58. Not too hung up on getting in MS since I think AU can offer some nice looking coins. Just want PCGS slab on those since my other 8 gold coins are PCGS....yes, I'm that anal I guess. And I'm guessing that's some of the problem. Most people aren't slabbing common dates in those grades. Those that I do find are NGC

 

The two NGC Registry Sets for type coins that I participate in are:
-- US Type Set, 1792-1964 (it's the "no gold" set)
-- Gold Type Set 1834-1933 (it's the "short" set)

So those type sets exist.
With respect to the 1798 coin I suspect you selected the wrong NGC Registry Set particularly if it included dates after 1964.

Why do I do Registry Sets?
I like coins and I'm proud of the effort (and money) I put into creating certain set.
But what good is that if I can't share my joy with others?
I want more than just a pile of coins hiding in a safe deposit box.

 

Just to clarify, I'm not hung up on the competitive registry set. It's not like I'm even going to consider competing with collections that easily cost $100K. Its just a nice place to put everything so you can look at what you need to fill or upgrade when on the road. And it gives you a quantitative score to track yourself.

My sig custom set has a type set the way I like it for fun. Kind of like the Custom Mints(Locations) set I made because I think it's cool when most people only know about P,D & S and very few know all 8(or 9 like my set). Or my custom set with the "full" designations because it's just another oddity about coin grades that some people don't know about. I use it for educating kids and others that were not aware.

 

I didn't pick the US Type Set because frankly I want something realistically attainable for me. Just those early coins alone are not doable in this lifetime for me. While I love coin collecting for the history and beauty I have other interests that I split my hobby money on.

It sounds odd but I like the registry not necessarily for sharing with anyone, but more so I can look at my collection while at work or even at home. With some coins in SDB or in safe at home I just like to look at them on my phone or computer. Frankly, I can see and enjoy them a lot more in photo form than trying to get the right light and magnification to see a lot of the details.

 

Catbert, don't give up on it!

Every year at the NGC Luncheon at FUN, I would ask during the Q&A if NGC would ever certify ANA Convention Medals. It took 6 years, but they finally relented. So, I submitted all 42 of mine immediately before they changed their mind. LOL!

Personally, I think NGC should separate all of their registry sets into two groups - one group for the collectors who are proud of their personal accomplishments - and a second group for the snobs who spare no expense to be better than everyone but won't even post a single photo.

Chris

 

So far all of my gold is PCGS also so I understand that. I think in the AU range you are pretty much looking at 400 or more. You can try heritage I won my 1845 for around 415 with shipping and buyers premium. If you use heritage just don't forget the buyers premium.

 

Didn't realize "nice boob" was a recognized designation! "Full head" yes, but "nice boob"?

 

Well then, I'll have to show off my "fine" Booby Head!

 

I suggested and they added it. NGC are good people to work with. They just added it this morning.