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Making Sense Of PCGS Survival And Rarity Estimates

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MisterT's Avatar
United States
2003 Posts
 Posted 07/22/2022  12:02 am Show Profile   Bookmark this topic Add MisterT to your friends list Get a Link to this Message Number of Subscribers
I'm trying to make sense of the PCGS estimated survival population and the rarity factor. In one example the 1909S vdb cent, it is estimated that the survival population is 50,000 and the rarity factor is R2.5
Then I am confused by this next example because PCGS has graded a total of 7500 of the 1909S Indian cents, yet the survival estimate is only 3,000 and the rarity factor is R4.4 How can the survival estimate be lower than the actual graded examples?
So my question would be, How accurate are the estimated survival numbers and would it be better to consider the rarity factors rather than survival rate when cherrypicking coins.
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SpeedDemonND's Avatar
United States
357 Posts
 Posted 07/22/2022  02:11 am  Show Profile   Bookmark this reply Add SpeedDemonND to your friends list Get a Link to this Reply
This may provide some helpful information, if you haven't already seen it:

https://www.PCGS.com/news/tips-on-u...-coinfacts-8

As far as survival estimates and number of graded examples...the number of graded examples includes coins that have continuously been resubmitted, therefore this number is always going to increase. If there is a huge difference in price between two different grades of a coin, collectors will continue to resubmit that coin in the hopes that it'll one day get a higher grade. This affects the number of graded examples, but obviously does nothing to change the survival estimate since it's the same coin.

Hopefully this helps.
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MisterT's Avatar
United States
2003 Posts
 Posted 07/22/2022  04:01 am  Show Profile   Bookmark this reply Add MisterT to your friends list Get a Link to this Reply
SpeedDemonND, Thank you for your perspective. I never even considered the possibility of re-submissions being counted in the total of graded coins. So even though we are just talking "estimates", The posted survival population should still be a good indicator as well as the rarity factor.
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Jaobler's Avatar
United States
6383 Posts
 Posted 07/25/2022  11:38 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
I appreciate the estimated survivor stats in PCGS CoinFacts. They are useful for comparing rarity of different dates but at best they are educated guesses.
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