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<p>[QUOTE=&quot;giorgio11, post: 2855179, member: 17094&quot;]I think the Registry Set phenomenon deserves more credit for the increase in numbers of 70-&#039;perfect&#039;-graded coins that it has perhaps gotten. As collectors increasingly list their individual coin holdings, at least at PCGS it encourages them to start new sets by showing all the different collections those pieces fit into. Start a new set, voilà, all of a sudden you are competing with 68 others building the same set. If you want The Finest Set, all of a sudden you need 70s (or 67s or 68s or whatever for many of the older sets). Prices zoom up for those pieces -- temporarily. </p><p><br /></p><p>Then, in come the crackout artists and the modern coin dealers who make it their business to upgrade coins or to create more of a certain issue in top grades. All of a sudden, a coin in top grade that was Pop 5 is now Pop 15, or 25. And guess what happens? Prices slump. </p><p><br /></p><p>This is a totally normal supply-and-demand cycle that happens in numismatics. This has happened to me personally back when I was doing a top-grade Registry Set of Kennedy halves. It is true, however, that older coins that are rare will remain rare. They aren&#039;t making many upgrades on 18th century gold, not near to the extent of modern issues.</p><p><br /></p><p>Kind regards,</p><p><br /></p><p>George[/QUOTE]</p><p><br /></p>

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