Posted 10/13/2013 11:56 am
As Dave has stated, the "R" factor is a SWAG from Leroy Van Allen when a given VAM is "numbered". In the CC minted coins many coins that otherwise would be considered Rare have turned up in great numbers with the GSA release of coins.
Rarity is only one part of the equation, in all variety in all coins. Marketing a coin that is "rare" or "scares" has 3 sides to it.
The 1st being Does this Variety have a strong following! If the answer is yes, then you need to look at the estimated population.
The 2nd part is is this variety "grade sensitive". If the answer is "Yes" you find a better market for the upper 10% of coins in "Grade" The fall off for this is if the top 20% in the Registry holders all ready have "this given VAM in Grade" This market quandary is seen in the 1888 O VAM 4 Hot Lips and the 1891 Vam-1a1, V-1a2 and V-1a3. Both Vams are very common in VF and XF grades but become a much harder coin in AU and MS is almost non existent.
When looking at the CC minted coins the survivable rate that is seen normally on most coins was messed up, as many coins not seen for 100 year came into the market that know one knew "survived". This also happened in the 1903 O Morgan dollars some years back. Some 30 years ago an 1903 O in MS-63 would sell for 2,500 dollars, then somewhere around 7 bags showed up and now sell for 400.00 to 500.00 dollars as the MS population was spiked.
One of the key ways to tell is you have a grade sensitive coin is look on E Bay. This can be seen on the 2 examples I listed. Hot Lips and 91 O V-1a1 are everywhere in G, VG, and with somewhat less in XF and maybe 3 in AU total.
Their are many R-4 rated coins where less then 10 coins are known. Some of them have a strong following, and some the reason for "Low pop numbers is because know one cares about the VAM"
As far as CC minted Vams "By far the rarest would be"
1878 CC V-7a
1878 CC V-18 in grade
1882 CC V-2e
1882 CC V-2d
1878 CC V-19.1 A in grade
1878 CC V-19.1 B in any grade
So in short the 3 sides are, Collector base, Grade sensitivity, and the known population. Any one of the 3 sides puts a wrinkle into the value, where it is nothing more then math.
High population will trump High value, but is off set by low High grade population. But a lack of colletor base will trump the other two sides every time.
Rarity is only one part of the equation, in all variety in all coins. Marketing a coin that is "rare" or "scares" has 3 sides to it.
The 1st being Does this Variety have a strong following! If the answer is yes, then you need to look at the estimated population.
The 2nd part is is this variety "grade sensitive". If the answer is "Yes" you find a better market for the upper 10% of coins in "Grade" The fall off for this is if the top 20% in the Registry holders all ready have "this given VAM in Grade" This market quandary is seen in the 1888 O VAM 4 Hot Lips and the 1891 Vam-1a1, V-1a2 and V-1a3. Both Vams are very common in VF and XF grades but become a much harder coin in AU and MS is almost non existent.
When looking at the CC minted coins the survivable rate that is seen normally on most coins was messed up, as many coins not seen for 100 year came into the market that know one knew "survived". This also happened in the 1903 O Morgan dollars some years back. Some 30 years ago an 1903 O in MS-63 would sell for 2,500 dollars, then somewhere around 7 bags showed up and now sell for 400.00 to 500.00 dollars as the MS population was spiked.
One of the key ways to tell is you have a grade sensitive coin is look on E Bay. This can be seen on the 2 examples I listed. Hot Lips and 91 O V-1a1 are everywhere in G, VG, and with somewhat less in XF and maybe 3 in AU total.
Their are many R-4 rated coins where less then 10 coins are known. Some of them have a strong following, and some the reason for "Low pop numbers is because know one cares about the VAM"
As far as CC minted Vams "By far the rarest would be"
1878 CC V-7a
1878 CC V-18 in grade
1882 CC V-2e
1882 CC V-2d
1878 CC V-19.1 A in grade
1878 CC V-19.1 B in any grade
So in short the 3 sides are, Collector base, Grade sensitivity, and the known population. Any one of the 3 sides puts a wrinkle into the value, where it is nothing more then math.
High population will trump High value, but is off set by low High grade population. But a lack of colletor base will trump the other two sides every time.
Edited by twohawks
10/13/2013 12:32 pm
10/13/2013 12:32 pm
