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 Replies: 27 / Views: 4,051 |
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Bedrock of the Community
United States
19969 Posts |
Quote:
Maybe a better definition of "rare" would be how many exist on the open market, as opposed to how many are known (or assumed) to exist?
You nailed it! Go to a coin show and look for a 1931-D Lincoln (4,480,00) in MS red. Compare the number of those you find versus the number of 1909-S VDB's (484,000). The VDB will win everytime! Edited by BadThad
02/09/2010 11:11 pm
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Valued Member
United States
254 Posts |
I agree with BadThad: "Price has nothing to do with rarity and everything to do with demand."
I think that the coin market is a reasonably efficient pricing mechanism. While there are commemoratives that have less than 100,000 pieces minted the demand for them is just not that great, and they are priced accordingly. If at some time in the future due to another anniversary of the person/event being commemorated, or promotions, discovery of an error, etc. the demand increases, then the price will move up given that supply is fixed or possibly has decreased over time.
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Pillar of the Community
United States
3076 Posts |
I think you nailed it on the head...........mintage....which SHOULD represent how rare something is........IS BY NO MEANS relate to
"does anybody want that particular coin".........my Cook Island $50 dollar Proof of about 2002 or 2500 mintage yields a whopping $65 bucks only proves its about weather people are wanting to collect your certain series....Gold pennies or rice......the fact that something has 5 million coins minted, and 4,995,000 are horded only 5 thousand are in the trading market......5 million minted does not make a rare coin.....in my books, but if you can't fill the hold in your collection...... its like "ADVERTISING" it does wonders....
in the silver market where many hoarder silver and much silver was melted......never in the years of minted coins is the number of remaining coins stated.....for any year....meaning if 5 million or 20 million were minted there is no tally printed to adjust the known surviving mintages which would relate to how many are out there......we can only find the coins we seek from what is available now,,,,,,and grading is even worse.......they take it to the highest levels for rarity....be that as it may, I have enjoyed this thread and the many who really know about rarity, and also how some can exploit the name of rarity...(20 million minted) because they can talk there customers into it.......glad I'm not there when they try to sell......
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Bedrock of the Community
United States
17884 Posts |
The problem with the "Number available on the open market" approach to rarity is that some coins are not available on the market because they are so common and low valued that no one bothers to carry them to shows or list them because the cost of listing them is greater than the profit from selling them.
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Pillar of the Community
United States
3076 Posts |
yes, thats very true, and back in the Beany baby's heyday...every one had to have one of each for there collection. and prices skyrocketed......now you can cook them....Demand is the driving force
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Pillar of the Community
 United States
1551 Posts |
Rarity to me is a known or perceived number know.
Price is determined by the (interest) in a type of coin -vs- the number on the open market. There are many coin errors that are short in supply by the numbers. But the number of buyers for a given type is just as short. That is when the seller sets a price, it is either confirmed as the market value -via sale-. Or in the case of no sale a true value would still be up in the air, as the buyers and seller have to come together to set market value.
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Bedrock of the Community
United States
14454 Posts |
in my opinion it doesn't matter if you minted a trillion of a certain date and mm of a specific coin, if you have a thousand times that amount of people collecting that coin then its a rare coin. The same could be true if you minted 10 coins, if no one wanted it who cares how many there are
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Pillar of the Community
 United States
3499 Posts |
Bryan1315- that is so true. Demand is a very important factor in the overall equation. I still just wonder if demand is so strong on certain types of coins due to a huge population (such as that of the US) having many collectors who want to collect a limited time period of that country (such as US coins after the civil war, when mintages were much higher). This creates a very concentrated demand, which seems to have overinflated the prices of many US coins. |
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Pillar of the Community
United States
1551 Posts |
Is not Rarity a production number? As in a one of a kind!
The Value is what someone will pay
And that value is the demand or relative interest in relation to population of any idem, weather it is a coin or a car?
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Pillar of the Community
Thailand
1509 Posts |
Peronal example. Thailand 5 baht Y#185. Two dates given 2530 (1987) and 2531 (1988).
The mintage in Krause for 1987 is given as 14million. No figure for 1988. Both valued at 0.75c UNC.
A Thai book I have gives a mintage of 41.5million for 1987 and 2.4million for 1988. In all the coin searching I've done in the past few years here (and I check every circulation coin I get) I've picked up 32 of the 1987 date and only two of the 1988.
Now the ratio of finds is about as one would expect but I would personally class the 1988 as fairly rare (if one can class it as such) but to me the value in the catalog doesn't reflect that.
Anyway that's my twopennyworth (or should that be twobahtworth?).
Vic
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New Member
Belarus
30 Posts |
Mintage of 20 million (hard to find).
Mintage of 15 million (very hard to find).
Mintage of 10 million or less (rare). (c)
I agree!
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Pillar of the Community
Canada
3692 Posts |
I would say that in comparison to other years' mintages, if it dwindles below the norm, then collectors with that date set will pay more for that lower mintage. 1991 Canadian quarter, for example.
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Replies: 27 / Views: 4,051 |
First Page
Posted 02/12/2010 12:55 am
