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<p>[QUOTE=&quot;19Lyds, post: 2231199, member: 15929&quot;]I don&#039;t know where to begin?</p><p><br /></p><p>Registry sets are to display your sets in whatever order the TPG&#039;s allow.</p><p>&quot;Competition&quot; in Registry Sets is not for the faint at heart.</p><p>99.99% of Top Registry Set owners are there because they actually OWN the coins they are displaying. Their names are revealed each year when registry awards are given out.</p><p><br /></p><p>If a coin is purchased and a user tries to enter it into their set only to see that its registered somewhere else, an email and a photo of the coin is all that&#039;s needed to get it released and entered into your set. It has to be YOUR photo, not one lifted from Heritage or eBay.</p><p><br /></p><p>Why would a coin be registered else where when you own it? Simple. Someone registered ownership of the coin where it was graded. It doesn&#039;t have to be in a set and then the owner doesn&#039;t have to modify his/her photo&#039;s when going to sell it in an attempt to protect the integrity of the Set Registry. I used to register EVERY coin I owned until I got tired of forgetting to &quot;unregister&quot; them. It&#039;s simple paranoia wrapped with a layer of BS since it&#039;s a simple thing to get your cert number registered.</p><p><br /></p><p>Do folks register coins they do not own? Possible but I&#039;ve never encountered that situation. And for the record, to state that the Highly Competitive Nature of the Registry compels folks to cheat, is pure ignorance since the folks that are &quot;competing&quot; know who their competition is and usually communicate with them. At least that has been my experience.</p><p><br /></p><p>To say that the Registry System is flawed is just another baseless paranoid statement since any corrections are easily made and the folks at PCGS that support the Set Registry take their jobs VERY seriously and do not tolerate ANY shady participants.</p><p><br /></p><p>To say that the Registry Sets &quot;fuel&quot; and &quot;control&quot; prices is another flawed statement once people understand the coin market and the relationship that the registry has with that market. It is actually NO DIFFERENT than coins which have been hyped to the max which later fall out of the publics eye. I cannot begin to remember the number of coins I paid high prices for to include in my registry that, once a higher population coin was found, simply turned into a loser. I recently had a 1976-S DDO FS-101 Kennedy Half Dollar on the market for better than TWO YEARS year at HALF the price I paid for it! And yes, the price guides were right in line with what I paid for it. I eventually let it go for about a third of what I acquired the coin for simply because nobody wanted it! It had NO MARKET Value!</p><p><br /></p><p>You see, the coins in a set registry are only as valuable as the participants of that registry allow them to be. What this means, is if a registry participant already has one, then s/he doesn&#039;t want another one simply for their registry. Even coins that are a grade point or two higher, are difficult to sell to folks that already have one.</p><p><br /></p><p>&quot;GENERALLY&quot; Speaking, the top 5-10 participants in the registry that are active, will compete against each other for those coins new to the registry. This can artificially inflate the price simply because once those top 5 or 10 have their coins, the market just dies! Dealers which SELL those coins to the registry participants, report the prices to the TPG&#039;s which in itself &quot;documents&quot; those inflated prices and since few sales occur after the initial wave of sales (kinda like hyped coins), fewer sales are reported and those artificially high prices remain recorded in the registry and the Price Guides. FOLKS NEED TO UNDERSTAND THIS SIMPLE CONCEPT.</p><p><br /></p><p>I have a few coins which I paid hundreds for that have prices recorded in the hundreds of dollars which, if they were put in an open auction, would sell for less than $15! Why? Because the &quot;general&quot; (non-registry participating) coin collecting public, either already has them or doesn&#039;t even care about them.</p><p><br /></p><p>&quot;Competitive Registry Markets&quot; are thinner than the Gold Kennedy Half Dollar Market.</p><p><br /></p><p>My advice to ANYBODY considering opening a registry set, is to open it simply for the enjoyment of publishing your set to the public. IF, you want to get competitive then understand what you are doing and how it all works befire criticizing the system. </p><p><br /></p><p>Truly &quot;Competitive Registry Set Participants&quot;, don&#039;t publish the coins within their sets. This keeps their competition in the dark as to what coin to shop for. I HATE the fact that some participants do this!</p><p><br /></p><p>Folks should do this for the&nbsp; FUN of the experience.</p><p><br /></p><p><a href="http://www.pcgs.com/setregistry/othersets.aspx?m=1968" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/setregistry/othersets.aspx?m=1968" rel="nofollow">http://www.pcgs.com/setregistry/othersets.aspx?m=1968</a>[/QUOTE]</p><p><br /></p>

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