Question about registry sets

Anyone here entering their coins on an online registry, like the ones at the PCGS or NGC websites? If so, how do they come up with the point allocations? I ask because I am doing a type set on one of one sites, and I am noticing that some coins are allotted extremely high points in relation to value. For example, a MS70 presidential dollar gets as many points as a MS62 $10 gold Indian?

I've also noticed that a MS68 Ike that I can pick up on eBay for $100 can get you more points that a MS64 Saint.

 

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I don't participate in the Registries, but I think you're comparing apples to oranges. You didn't specify any particular dates, but how does the MS62 $10 Indian compare in population to other Indians. The same goes for the Prez dollar, the Ike dollar and the Saint.

Chris

 

I can respect that, but I am talking about a 7070 style type set. As to your question, a George Washington presidential dollar vs a 1910 Indian.

 

It's because value is only one aspect of the point system.

PCGS: http://www.pcgs.com/setregistry/faq.html

NGC: http://coins.www.collectors-society.com/registry/coins/rankingsystem.aspx

 

Thanks. That's what I was looking for. That being said, appears the system is prime for being gamed. Having messed around with these registries for a month now I bet I could put together a top 20 set with relatively (compared to what I have now) little money. It doesn't take many $100 modern coins with 4,000 point values to blow the doors off of a set of MS65 late 19th century/early 20th century coins that although cost $300+ apiece, only get 250 points under the current system.

 

Thanks, Raider! I was just trying to simplify my answer as much as possible.

USC, it doesn't matter that you may be working on a type set. Each coin is assigned points in relation to the other coins of the same type/denomination.

Chris

 

Not everyone sees it as a competition. Some people just use it as a way to display their coins. Plus, I'll take a MS65 19th Century Type set over a couple 100$ moderns any day. Game on.

 

I don't think it works that way. Your set wouldn't be rated against sets in a different category.

Have you taken a look at previous Registry winners?

Chris

 

I wish that were so. Here are some examples of Ikes being given one ranking in the 7070 type set care, but another somewhere else:

COIN DETAILS​

[TABLE="class: CollectibleDetailTable CollectibleDetailTableWide, width: 1"]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Origin/Country:[/TD]
[TD="class: DetailFieldItem"]UNITED STATES[/TD]
[/TR]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Design Description:[/TD]
[TD="class: DetailFieldItem"]DOLLARS - EISENHOWER[/TD]
[/TR]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Item Description:[/TD]
[TD="class: DetailFieldItem"]$1 1973 S SILVER[/TD]
[/TR]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Grade:[/TD]
[TD="class: DetailFieldItem"]PCGS MS 67[/TD]
[/TR]
[TR="class: datagrid_ItemStyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Certification #:[/TD]
[TD="class: DetailFieldItem"]14894216[/TD]
[/TR]
[TR="class: datagrid_ItemStyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Owner:[/TD]
[TD="class: DetailFieldItem"][/TD]
[/TR]
[/TABLE]

SET DETAILS​

[TABLE="class: CollectibleDetailTable CollectibleDetailTableWide, width: 1"]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Custom Sets:[/TD]
[TD="class: DetailFieldItem"]This coin is not in any custom sets.[/TD]
[/TR]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Competitive Sets:[/TD]
[TD="class: DetailFieldItem"]1953-1961 Score: 135
i heart dansco Score: 2754
ihdj Score: 201
dan3 Score: 2754
full ikes Score: 135
[/TD]
[/TR]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Research:[/TD]
[TD="class: DetailFieldItem"]See NGC's Census Report for this Coin[/TD]
[/TR]
[/TABLE]

COIN DETAILS​

[TABLE="class: CollectibleDetailTable CollectibleDetailTableWide, width: 1"]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Origin/Country:[/TD]
[TD="class: DetailFieldItem"]UNITED STATES[/TD]
[/TR]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Design Description:[/TD]
[TD="class: DetailFieldItem"]DOLLARS - EISENHOWER[/TD]
[/TR]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Item Description:[/TD]
[TD="class: DetailFieldItem"]$1 1972 S SILVER[/TD]
[/TR]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Grade:[/TD]
[TD="class: DetailFieldItem"]NGC MS 68[/TD]
[/TR]
[TR="class: datagrid_ItemStyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Certification #:[/TD]
[TD="class: DetailFieldItem"]189198-053[/TD]
[/TR]
[TR="class: datagrid_ItemStyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Owner:[/TD]
[TD="class: DetailFieldItem"][/TD]
[/TR]
[/TABLE]

SET DETAILS​

[TABLE="class: CollectibleDetailTable CollectibleDetailTableWide, width: 1"]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Custom Sets:[/TD]
[TD="class: DetailFieldItem"]This coin is not in any custom sets.[/TD]
[/TR]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Competitive Sets:[/TD]
[TD="class: DetailFieldItem"]Sydney's Type Set Score: 4565
Sydney's Basic Type Set Score: 4565
Homer's Type Set Score: 437
[/TD]
[/TR]
[TR="class: datagrid_altitemstyle, bgcolor: #FFFFFF"]
[TD="class: DetailFieldTitle"]Research:[/TD]
[TD="class: DetailFieldItem"]See NGC's Census Report for this Coin[/TD]
[/TR]
[/TABLE]

 

The secret is to not fall for the scoring....Use them as a display and tracking system and enjoy the coins you collect and they do make a nice on-line show case of some sets if your willing to take the time and image your coins.

 

The registry is a game.... You can play by their rules and go for the highest point / ranking, or you can play by your own rules and just collect good coins.

Personally, I chose the latter route, although it was not always so....Mike

 

Good advice. I have already decided that I will never have a number 1 ranked set, but I do like having an online place to keep track of my coins.

I only raised the question because I was scratching my head over why the registry designers would set it up that way, and whether others here ever wondered the same thing? Or, was there a rational reason for why it was designed this way?

 

Beginning sometime in early 2012, each coin in the NGC registry will be assigned one value regardless of if it is placed in a Type Set, Series set, etc. What you have detailed is true, and NGC will be working to assign a coin a registry points value across all sets it can be a part of. See link here for more details: http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=4960881#Post4960881

As for "gaming" the system, what Chris said is correct. Within a type set or a series set (or whatever else), all "registry sets" are playing by the same rules. For example, in a 7070 set, you are not going to blow anything off of a classic 19th century stacked set with modern issues. The classics still get higher points than the moderns.

The crux of the different scores in different sets has been the different ways that people choose to collect type coins. Essentially, are you trying to collect the key coins in your type set, or the coins of the highest level of preservation and exhibiting the most details for the type? After NGC makes their changes, the individual coins in type sets will be scored the same way they are within their respective series. Thus, a beat up 1893-S Morgan dollar will score about the same as an MS67 or MS68 1880-S Morgan. Because it's a "game" and people have different collecting goals, you can't make everyone happy. Luckily, not too many people really care all that much. Most of the modern sets on both the PCGS and NGC registries are owned by big money LLCs or corporations anyway.

 

Thanks BRG for the very helpful response. That change to the grading system should be interesting to watch.

I agree with your comment about big money owning the top ranked sets. Appeared they had titles associated with them, like the Eliasberg set.

 

What's your name on the NGC registry site, I love to view other collections. All the best.

 

I plan to collect based on the best state of preservation, but I certainly do not have a problem with someone getting a higher score for a F15 1893S Morgan than I might for a MS66 1881S.

 

If anyone here has a set, post the name so we can check them out?

 

Check my sig.

 

I have my coins listed on the NGC registry. Reason? I absolutely love their slideshow function. I'll never be in the top 10, or even 20, but I have a good inventory of my collection that can be accessed anywhere. NGC user name is USMC78. The Buffalo collection is what I concentrate on. The Walker's and Washington's only have one or two coins added a year.

 

Looks like they will change the points after this year's awards.