So now it's not enough to compete against other Registry Collectors. . .

ModMan

But, we must also compete against those who have spent pennies on the dollar securing the 'rights' to low pop, rare Registry coin INSERTS!?

I know it's probably within the rules of the game, but doesn't this strike you as cheating- if not outwardly, at least ethically?

I know the Registry game isn't meant to be taken too seriously, but to those who collect them, it should be an even playing field for all.

This 'renting/leasing' of rare- single pop- Registry PCGS inserts smacks me as low ball and dishonest.
Am I alone here?

JJacks

Modman,

I have to agree with you on this one. If anyone is renting the rights to a holder, I think this is about the most low life, stupid thing a person could do involving the registry. I don't know about the "rules", but I think it is certainly implied that the person should own the coins before they register them, and when they sell a coin, they should remove them from their set.

If you want to pay less and still play in the registry game, you should buy the coins, and plan to sell them at a time in the future. That way you "leased" them for that time for whatever money you made or lost.

I am certainly not a high player in the game, and it really won't affect me one way or another, but I agree that it seems completely wrong.

RickyRacer

I too am one not to agree Renting to become #1. I have always bought and spent my income to become part of the Registry. Yes I am one of those Worthless Statehood Quarter Collectors. I am one to be involved in the Preservation of a Society of Honest Collectors (PHSC). I am appauled to hear Renting of coins to undermine the integrity of us (most of us) as Honest Rule abiding Collectors.
Anyone caught or is trying to undermine the Registry as we know it (owning your coins) should be EXPELLED not only from the Forum also Banned for Life from participating in any coin activity for Life.
This is worse than BETTING ON BASEBALL. Ask Pete
These are my comments and my personal views. These views are not directed at any one in particular. Please as a view no Negitive feedback is required.
This is a Hobby.
Rick Stewart Collections

billywls

First, there seems to be a misconception about leasing in general. Do you think it is cheaper to lease a car than own one? Think again. The lessor has all the same cost as an owner plus he is going to make a profit on the lease after all other expenses including financing and depreciation. It is not cheaper but many people use them to get a more expensive car because it requires no equity(down payment). Does the state refuse to register the car because you lease it. No. While acknowledging the owner they understand that it is under your control and responsibility.

Have you used a credit card to buy a coin? Do you think there should be a rule that you could not register the coin until the card balance was paid off? Does it seem morally wrong?

My point is that the market place is very effecient and it is naive to think that any one can get something for "pennies on the dollar" for any thing in life.

My feeling is that a market rate lease is no different than any other financing method. It's a matter of personal choice.

When putting together a $500,000 to $1 million dollar set, should a collector be restricted on his financing choice? Home equity loans?
Credit cards? Mortgage on the yacht or plane? I don't think so.

Whether the collection is great or small, it is the collector's. How he finances it, like most financial matters in this country, is a personal matter.

I agree with HD. As long as the coins are under his control,it is certainly none my business how he pays for that privilege. And I'm his most dedicated competitor.

keithdagen

Bill,

I haven't really given an opinion as to whether it is right or wrong, only as to whether a set of that caliber could be "leased."

I know that my last upgrade was a Barber half that I could not afford, so I took advantage of a 60 day layaway. However, after the down payment, I registered the certificate number so that I could sell the piece being upgraded to pay the rest of the cost on the coin I was acquiring. I guess that you could say that I had a "rent-to-own" agreement for that coin for the 2 weeks I had it on layaway.

Keith

merz2

As I said in the other post,I don't think it is morally or ethically right to use a coin you don't own or aren't at least in the process of buying.