Scarce Vs Rare Vs Low Mintage - Coin Community Forum

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Author	Replies: 4 / Views: 3,024
Wade Pillar of the Community Canada 2781 Posts	Posted 02/27/2012 2:13 pm just wondering if there is a general 'rule of thumb' when it comes to catagorizing coins as scarce or rare etc? is mintage vs population considered? is there a hard and fast rule of say "less than 1 million" or some other criteria or cutoff point? i would think that a low mintage coin in a low population country wouldn't fall under the same in a higher populated country? (ie a mintage of 500,000 in canada vs 500,000 in china) opinions please Report this Post to the Staff

Colhand1 Pillar of the Community United States 629 Posts	Posted 02/27/2012 2:50 pm Most Canadian coins that are key are scarce not rare. Rare coins to me would be 1921 Halves and 1/2 dimes for instance. A coin can be rare that is graded in the top 5 of a particular issue but in a lesser grade would be just considered scarce as it can be found for sale. Mintages for any given demoniation are misleading as on the older coins the mintage does not always reflect what happened to the coin after it was minted. Report this Post to the Staff
glenzy1 Pillar of the Community Canada 1554 Posts	Posted 02/27/2012 3:33 pm If you get a chance look at the I.C.C.S. and P.C.G.S. Population reports. They combined will give you a general consensus (not perfectly accurate) of what is out there. Then compare the specific coin you are interested in to The Charlton Catalogue's mintage's of that coin. You will always find consistent similarities with mintages and the grades of the coins. The higher the mintages of a particular coin/date the greater the availability of that coin in high grades and vice versa, the lower the mintages of a particular coin/date the harder/more expensive it is to acquire in higher grades. There are exceptions in some cases to this rule, however, it is a simple formula that you will understand and get used to once you become keen on stats. The majority of all decent known Canadian Decimal collector coins are now T.P.G. slabbed. Glenn Report this Post to the Staff
SHAFTA9a Bedrock of the Community Canada 10743 Posts	Posted 02/27/2012 4:07 pm Wade, as, far as a 'rule of thumb' I would suggest that all collectors buy and save as many Newfoundland coins as possible, because one of these days collectors are going to find out about their low mintages and low values, as of today. I gave it an orange. Report this Post to the Staff
SPP-Ottawa Moderator Canada 10463 Posts	Posted 02/27/2012 6:19 pm The term 'rare' is overused.... Some interesting debate in this older thread: https://goccf.com/t/100054&whichpage=4 "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US My eBay store Report this Post to the Staff
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