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World Coin Rarities?

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publius's Avatar
United States
870 Posts
 Posted Yesterday   8:19 pm  Show Profile   Bookmark this reply Add publius to your friends list Get a Link to this Reply
Yeah, US "rarities" are often dead common in terms of numbers available in the market, compared to many world issues which sell for much lower. I've got one of the Iceland Althing millennium sets, in the original case, of which not too many were made. It cost a few hundred US dollars. And a Kiribati 10c coin with a total mintage of 20 000, in specimen condition? Cost me 25¢ US.

"Rare" (not many extant) is one thing. "Scarce" is the product of "rare" and "desired".
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tdziemia's Avatar
United States
8060 Posts
 Posted Yesterday   11:40 pm  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply

Quote:
Qd(P) = Qs(P)
d is a very, very big deal.


Rarity has only to do with supply. All coins for which there are say 5 extant examples are equally rare. All coins for which there are 10 are equally rare and are less rare than coins for which there are 5.
Any day of the year, many 1909-S VDB cents are for sale. A rare coin (for me) is one which comes on the market less frequently than once per year.

d is indeed a very big deal in determining market value.
Edited by tdziemia
Yesterday 11:43 pm
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Bacchus2's Avatar
United Kingdom
2933 Posts
 Posted Today  58M ago  Show Profile   Bookmark this reply Add Bacchus2 to your friends list Get a Link to this Reply
Just an additional comment on Numista and the rarity rating. I believe the "score" isn't an objective evaluation of absolute rarity - just an indication of how many people have logged that coin to be in their collections. A coin with a mintage of 10 where one person logs it will have a lower score than a mintage of 1000 where nobody has logged is as being in their collection.

So it's use it to be broadly indicative for most coins - but obviously at the extreme ends the formulae throws out whacky results.
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