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 Replies: 6 / Views: 2,115 |
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Pillar of the Community
United States
936 Posts |
I was thinking today while I was driving to some jobs about the rarity scale for varieties. From what I have learned dies can strike sometimes 100,000 coins (I am probably wrong on this number). Why is it that some varieties or doubled dies only have 2-3 found? Is it that the mint worker ran a couple test coins, saw the abnomaly and threw the die out? Are there mint bags in someones collection full of these? Take the 1958 DDO, there are only a handful of these. Is someone hoarding these, or does someone have a bunch of these and is just keeping the price high? If you were to find a bagful of a rare variety what would you do(of course after you jumped up and down for at least an hour)? Are there known cases where someone destroyed a large find or is keeping them a secret? I know common sense says that if you were to find a large quantity of something rare and were to release them all at once it would drive the price down. It would also make some owners who payed big money upset also. Just some food for thought! |
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Pillar of the Community
United States
608 Posts |
My thought on this matter has always been that it would be stupid to unload a hoard of variety coins at once. You make more money in the long run by selling them off slowly. Another thought process I had was: I think that there are mint employees who are grabbing the really good variety coins up, on ebay the sellers of the really good stuff are the same people. It would not be much for an employee to see that a variety was made, scoop up the coin/coins and than tell their supervisor, thus putting the die out of commission and passing the coin/coins off to a friend or relative to sell. Just a thought....... |
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Member
United States
703 Posts |
MINT EMPLOYEES ARE NOT SCOOPING UP ERRORS OR THEY WOULD FIND THEMSELVES IN JAIL.
ERRRROR
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Pillar of the Community
United States
3507 Posts |
Its because most of them, once discovered are not reported to anyone that keeps track of such things. Many folks like the guy that just came a cross a 1969 S DDO, didnt even know he had one until he looked through some rolls. Take, for example, someone like me. I have 55 of a particular doubled die that has been reported and the number listed is usually 2 to 3 found. I have halves here that would change the numbers drastically if I reported them to Coneca , for example. On varieties, rarity scales have very little meaning as noone really knows how many of any particular variety there really is. |
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Forum Mom
 United States
5877 Posts |
It's similar to what happens with the TPG pop reports. In some cases, there are only 2 coins of a type in existence, but the pop report will show 6 or 7 because the dealers keep resubmitting the coin for a better grade. Rarity scales and pop reports both need to be considered with a grain of salt. |
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Pillar of the Community
United States
1984 Posts |
As a general rule, my trust for rarity scales is dependent on the age of the coin or series. I have higher (but not absolute) faith in the rarity ratings for the capped bust series. For modern coins with monstrously large mintage figures, I take the ratings with an entire salt mine.
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Pillar of the Community
United States
914 Posts |
Some of the Type-B rarities are listed as 8-16 known. Shoot, I have about 8 of each without trying!
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Replies: 6 / Views: 2,115 |
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Posted 10/26/2007 5:21 pm
