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Well, it has finally happened. The 1932 set is now #2 - and its at least partially because of the rule change.

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Revenant

Entry posted by Revenant ·

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I don't intend this as a whine or a complaint - just want that out in front - but, having seen this, I wanted to comment on it here, this being a journal and a record of my thoughts and a chronicling of my activities here.

After 12 years of getting the "Best In Category" award in the 1932 mint set category, we've been bumped from the top spot in the rankings by a new set. For clarity - there has been a set that outscores us for years now (I think 5 or 6) but it has always been obscured / private / hidden / whatever so we've been the top ranked set - but not really the highest scoring set. The new set started adding coins about 10 days ago and just yesterday a new coin has been added that makes that set outscore us by a whopping 19 points. Really, the thing that shocks me as much as anything about this is that it took this long. I've been expecting / waiting on this for years.

Interestingly, the new set is made up of 5 PCGS coins and 1 NGC coin, making it almost a mirror image of our set, which has long had 1 PCGS coin and 5 NGC coins - the PCGS coin we have is not the same as the NGC coin that they have. If memory serves we actually have an NGC graded example for that PCGS-graded quarter, but it has a slightly lower grade so we don't / haven't used it in the set. I think I'm remembering that right anyway.

This new set has therefore been made possible in part by the rules change this year allowing new PCGS coins into US sets again. But I can't really complain (and don't intend to) - We've been benefitting from the Grandfathering - but to a lesser degree than this set - for the last 7 years.

I shot a message over to Choya about it just to let him know and for the laughs. We'll see if this convinces Choya to finally upgrade that old MS63 Eagle to something with a little more teeth. I've been saying that that coin was a prime target for upgrading / improving the set for a decade now. Even if he does though, this new set popping up just about 5 weeks before the cut-off virtually guarantees that they'll get the "Best in Category" award this year as I simply don't see us moving on a $2000+ dollar coin in that short of a time frame.

Because the set has only 1 NGC coin to our 5 we will still win the "NGC - Best in Category" this year (assuming nothing else pops up in the next 5 weeks), but we won't take both awards in the category, for the first time in almost a decade of having both awards on lockdown.

It has been one hell of a run - 12 years without a single upgrade or change to the set other than new pictures and description updates! I've often wondered if there's another set in the registry that can claim that.

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Revenant
4 hours ago, Fenntucky Mike said:

What did you do beat up the competition? Looks like you're at the top again.

Are PCGS coins always given 0 points?

You're looking at the wrong ranking. You're looking at NGC Coins and not All Coins.

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Edited by Revenant
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cowbaby

I thought I read somewhere that only sets comprised of 75% NGC coins are eligible for awards? If true, you may keep winning. I don't have to worry too much about it myself as I think the sets I collect have a few billionaires around. Plus, a few of the coins in them are so hard to find reasonable in any holder,making some of these sets a pretty daunting task at today's PM prices. Much less all certain kind is almost impossibly hard without having to send them in for re-branding and hope they sill make the grade.

I just don't worry about it as apparently a few dealers have listed about 100 sets of other people they know in my categories as to make the registry just a fun toy for me. I will never win an award if the 75% NGC rule is in fact true but, I enjoy it just the same.

Also the world coins only allow NGC so I don;t even bother listing stuff there. Just too hard to compose a decent set in a single type holder for what I like to collect. I am grateful that they did start allowing that other brand in the US sets personally so I could at least play with it. Kinda gives you some incentive and keeps the collecting juices flowing that way. Overall good for the graded coin industry as a whole I think, JMHO.

Hope you keep winning your set.

Edited by cowbaby
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Coinbuf
On 11/3/2020 at 12:03 AM, cowbaby said:

I thought I read somewhere that only sets comprised of 75% NGC coins are eligible for awards? If true, you may keep winning. I don't have to worry too much about it myself as I think the sets I collect have a few billionaires around. Plus, a few of the coins in them are so hard to find reasonable in any holder,making some of these sets a pretty daunting task at today's PM prices. Much less all certain kind is almost impossibly hard without having to send them in for re-branding and hope they sill make the grade.

I just don't worry about it as apparently a few dealers have listed about 100 sets of other people they know in my categories as to make the registry just a fun toy for me. I will never win an award if the 75% NGC rule is in fact true but, I enjoy it just the same.

Also the world coins only allow NGC so I don;t even bother listing stuff there. Just too hard to compose a decent set in a single type holder for what I like to collect. I am grateful that they did start allowing that other brand in the US sets personally so I could at least play with it. Kinda gives you some incentive and keeps the collecting juices flowing that way. Overall good for the graded coin industry as a whole I think, JMHO.

Hope you keep winning your set.

The 75% rule is only for the major award winners, those winners receive a cash or equivalent award.  The best in category awards are not part of the major awards and are not subject to the 75% rule.  From the registry rules for major awards:

"The winner in each of the following categories receives a plaque, a $500 NGC grading credit and an icon of recognition on their NGC Registry profile. At least 75% of the coins registered to a set must be NGC-certified to be eligible for one of the major awards."

So this new set will win the best in category but cannot be considered for a major award as constructed. 

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Six Mile Rick

I stopped collecting coins a year ago when my wife passed away. Sold some dimes to Geof and Sandy Katz to help with the mortuary services. Thanks to them all went well financially. I check in once in a while to see how everyone is doing. It would be nice to read more journals than those that have been entered this year. Far and few in between.

 Happy Collecting!!

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Revenant
12 hours ago, Six Mile Rick said:

I stopped collecting coins a year ago when my wife passed away. Sold some dimes to Geof and Sandy Katz to help with the mortuary services. Thanks to them all went well financially.

I'm very sorry to hear all of that.

12 hours ago, Six Mile Rick said:

I check in once in a while to see how everyone is doing. It would be nice to read more journals than those that have been entered this year. Far and few in between.

I probably would have been posting more over here this year but Covid lockdowns have limited some of my ability to do some coin related things with the boys that I otherwise might have and I've been posting a fair bit about my Zimbabwe note set on the PMG side. That has been a major focus of mine for 2 years now and I put it with PMG to not bother those not interested.

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Just Bob
On 11/17/2020 at 6:41 PM, Six Mile Rick said:

I stopped collecting coins a year ago when my wife passed away.. 

I had no idea, Rick. I am very sorry to hear that.

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cowbaby
On 11/11/2020 at 12:57 PM, Coinbuf said:

The 75% rule is only for the major award winners, those winners receive a cash or equivalent award.  The best in category awards are not part of the major awards and are not subject to the 75% rule.  From the registry rules for major awards:

"The winner in each of the following categories receives a plaque, a $500 NGC grading credit and an icon of recognition on their NGC Registry profile. At least 75% of the coins registered to a set must be NGC-certified to be eligible for one of the major awards."

So this new set will win the best in category but cannot be considered for a major award as constructed. 

Thanks, CoinBuf for that explanation. It certainly clears it up. I just knew I had read about 75% ngc for something. I didn't know about cash awards and plaques either so it makes sense. That's really nice.

I might actually have a shot at something un-major someday., but boy its not going to be anytime soon with this covid stuff really cutting into me get a long.

Edited by cowbaby
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