Rarity In World Coins - Coin Community Forum

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Author	Replies: 3 / Views: 1,372
ColonialCoinsUK Valued Member United Kingdom 79 Posts	Posted 11/18/2018 05:22 am I read the recent article (link below) on counterfeits of the 'rare' key date 1877 Indian Head cent. https://www.NGCcoin.com/news/articl...vember-2018/ Although this article demonstrated the detail and care needed to detect counterfeits it was the line 'NGC graders have authenticated and graded over 3,000 examples of the 1877 Indian cent' that I found the most interesting (and about another 6000 recorded on the PCGS population report although I realise there may be a number of crossed coins in there). As a collector of world coins, rather than US coins, where only a small handful, or even a few dozen, of any coin may be known this would suggest collecting world coins is a much greater challenge - either that or we are all mad! As I have often been accused of the latter I now tend to focus on typesets rather than date runs where completion would almost be impossible. Has the 'rarity' of world coins changed the way you collect? Report this Post to the Staff

tdziemia Pillar of the Community United States 7940 Posts	Posted 11/18/2018 07:02 am I, too am mostly collecting world type coins, though I focus on just a few countries or themes. I think the situation is easier for world coin collectors because demand is lower for those scarce types you mention. I think U.S. coins with only a few dozen known examples will cost in the tens of thousands of dollars. Whereas foreign coins at that rarity level are perhaps a factor of ten less expensive? Maybe this is beginning to change, though. It seems to me the number of foreign coins being authenticated and graded by NGC and PCGS is on the rise. I am not sure what this will do to the foreign coin market. Certainly it is not going to drive prices down. At a minimum, it will give updated information on the scarcity of some types. Report this Post to the Staff
oriole Pillar of the Community Canada 5239 Posts	Posted 11/18/2018 07:22 am I am also a collector of world coins, like @tzdiema, primarily by type, although for some countries where the coins are readily available and the key dates are not impossible (like UK predecimal from 1860) I do have a date set. One thing I have learned is that the US coin market is unlike the rest of the world, and I think that is because of the immense demand for their local coins, especially it seems the 1 cent coins. As I understand this really took off after WWII with the development of the coin folders. A huge demand was created as millions searched their change for all the years and mint marks, and as the one cent coins continue to circulate it is still a feasible endeavour to get almost everything at face value. Edited by oriole 11/18/2018 07:24 am Report this Post to the Staff
tdziemia Pillar of the Community United States 7940 Posts	Posted 11/21/2018 08:37 am While I am not any kind of economist, I agree that something like the supply-demand balance of in the U.S. coin market seems completely different from any other. As pointed out in the original post, we have coins with thousands of known, graded examples selling for appreciable sums due to the very large number of collectors of U.S. coins. While it is true that the number of extant examples of certain foreign types may be very low, it is also true that the demand for them is often much lower. SO, no we're not necessarily mad (well ... at least not for THAT reason). Report this Post to the Staff
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