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The Newest Level Of Rarity: The Appearance, Or Eye Appeal Rarity

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 Posted 04/21/2015  5:18 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message Number of Subscribers
Doug Winter Numismatics - If you've been around the coin market for a while, you know that there are many different types of rarity. In this blog, I'm going to discuss the types of rarity you might already be familiar with, and one which you might not: the eye appeal or "appearance" rarity.

The first—and most traditional—type of rarity is absolute or fundamental. An absolute rarity is a coin which is rare in any grade. An example of this would be an 1883-O eagle, of which only a few dozen or so are known from an original mintage of just 800 coins. Even a cleaned "no grade" example of this issue is worth close to five figures, and most collectors would be happy to own an 1883-O eagle in nearly any grade.

The second type of rarity is a condition rarity. This is a coin which is not rare from an absolute or fundamental sense, but it is rare in high grades. An example of this would be a 1901 eagle in MS67. In grades up to an including MS65, the 1901 is an ultra-common coin and it is generally sold as a "generic" with essentially no date premium. In MS67, this date is very rare with a population of only one at PCGS and seven at NGC. An average-quality-for-the-grade piece is probably worth around $20,000 in today's market; considerably more if it were the sole PCGS coin and it had CAC approval.

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 Posted 04/21/2015  6:46 pm  Show Profile   Bookmark this reply Add JimmyJames to your friends list Get a Link to this Reply
Eye appeal is very important...and it is not a new thing.
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 Posted 04/21/2015  8:59 pm  Show Profile   Bookmark this reply Add Chute72 to your friends list Get a Link to this Reply

Quote:
"The second type of rarity is a condition rarity. . rare in high grades."


It is a curiosity that there is at least one exception to this scenario, and that is the 1904-O Morgan dollar. As so few were originally released to the public, and the greatest number stored in treasury bags, it is less common to find a VF than an AU or better. (Do a quick search on ebay.)
I believe I have even seen a Low Ball in AU58.
And when it comes to appearance rarity, the 1904-O also comes to mind. Like many of the New Orleans dies, they tended to be a bit concave. Thus the strike usually created great peripheral details and a rather flat area in the center of the coin.
You will note on the obverse that the ear and especially the hair above it are quite flat. On the reverse the breast is also flat. Yet this is not a worn coin.
For the 1904-O series, a full sharp strike in the center of the coin would have great eye appeal and "appearance" rarity.



The-Newest-Level-Of-Rarity:-The-Appearance,-Or-Eye-Appeal-Rarity

The-Newest-Level-Of-Rarity:-The-Appearance,-Or-Eye-Appeal-Rarity

The-Newest-Level-Of-Rarity:-The-Appearance,-Or-Eye-Appeal-Rarity
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