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More VAM Questions From The Newbie

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TMR's Avatar
United States
28 Posts
 Posted 01/04/2012  12:09 pm Show Profile   Bookmark this topic Add TMR to your friends list Get a Link to this Message Number of Subscribers
Under another discussion regarding an 1885 CC and possible VAM-4 designation, SuperDave shared these thoughts:


Quote:
VAM-4 seems to be fading as more and more become known, including an NGC MS67(!). Last December 9th, Heritage offered 3 NGC 65's in GSA holders. One was identified as VAM-4. All 3 sold for the same price. Indications are the GSA holder is worth more than the VAM designation, these days. The NGC 67 VAM-4 did not even reach the usual price for a PCGS 67 with no designation.


His much appreciated comments spawned several more questions for me.

1) Who determines which VAMs go onto the Top, Hot, Hit, Elite, etc. lists?
2) What criterium are used to place a VAM on a list?
3) Do the lists churn- that is, could a VAM be removed from a list if it falls out of favor and a different VAM get added to a list?
4) Is there a complete spreadsheet or database of all the VAMs that we can download? I am a bit of a data guy and would like to sort the lists by various attributes, interest levels, rarity, etc. It seems some of the VAMWorld pages can be sorted by one or two attributes but they aren't the same for all VAMs (ex. some pages can be sorted by rarity and others pages can't).

There are many examples where the interest and rarity levels on a VAM exceed those of VAMs listed on the Top 100 list (ex. Top 100 1886-P VAM 1A I-2, R-4 vs. 1880 O VAM 23 I-3, R-5). I recognize the "I" / "R" ratings are subjective as well but my general approach with most any collecting is the rarer the better.

My apologies if these questions have been addressed under different discussions. I continue to read under this forum and many others and haven't quite found the answers yet.

If there is another link or resource I can read, point me to it.

Thanks again for comments.

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/04/2012  12:49 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
1) Who determines which VAMs go onto the Top, Hot, Hit, Elite, etc. lists?
2) What criterium are used to place a VAM on a list?
3) Do the lists churn- that is, could a VAM be removed from a list if it falls out of favor and a different VAM get added to a list?


These lists are arbitrarily created by the authors. In every case, the authors are people whose stature in the VAMming community is unquestionable; their words carry weight and their choices don't get much argument in the community. Generally, once published the lists don't change.

What does change is the level of knowledge regarding rarity, which is in many cases an essential component of worthiness to be on a list. Some varieties are so striking as to belong on "popularity" lists regardless of rarity - the 1888-O "Hot Lips" comes to mind. This one is common-enough that at least one person has put together an almost-complete grading set of it, but it's such a fantastic "gateway" coin to VAMming that it belongs on everybody's must-have list.

What many newcomers don't quite grasp about VAMming is that the whole process is barely out of its' infancy. Even though variety identification has been actively pursued for almost half a century, one must factor in the huge quantity of extant coins and known varieties. Something close to 5,000 individual varieties are known and more are designated every day. Nothing like it has ever been attempted in numismatics, not on this scale.

The workload of collating all this information is incomprehensible. No, there is not a specific database, not in any electronic sense. VAMworld is as close as it gets. Many people are putting close to full-time hours in at VAMworld, uncompensated, and they're still barely able to do more than cope with the incoming flow of new information, much less better-collate the existing database.

As a wild guess, I'd throw out a number of 50% to describe how much of the actual available facts have been collected. And going forward, each additional fact is going to have a bearing on previously-known "fact" - varieties will be discovered to need consolidation, rarity scales will need to be revised (in both directions). VAMming is a living, growing thing. It's unlikely that the effort will be completed in your lifetime or mine, if at all. We still can't say with certainty that every known variety will be identified, and the more I learn the less I believe that each individual die pair will ever be described.
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southsav's Avatar
2224 Posts
 Posted 01/04/2012  8:03 pm  Show Profile   Bookmark this reply Add southsav to your friends list Get a Link to this Reply
Dave,

Great response! I always enjoy reading your tutelage. Thanks
Valued Member
allcoinsnewbie's Avatar
United States
170 Posts
 Posted 01/05/2012  11:43 am  Show Profile   Bookmark this reply Add allcoinsnewbie to your friends list Get a Link to this Reply
One of your talents Dave is casting realistic light on Vaming.

You always bring me gently, down to earth.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/05/2012  11:57 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Thank you for the kind words, guys. It's my wish that none of you hit the ground with the same velocity that I did.
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