Your Rarest RAREST Coin of All Time.. All Time!

Aww, doesn't anyone read my description?

"c/m: XLII carved to left of bust. Retarrifed by Ostrogothic kingdom in Italy as 42 nummi, 6th century AD. Morrisson, Re-use 19; cf. MEC 1, 76 (Vespasian)."

Not chopmarks at all, but countermarks. Similar idea, but chopmarks were used to check the silver or assure the purity of it. Countermarks usually revalued a coin at a particular value, sort of like adding an extra 0 to a 100 bill.

 

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Yup, that 1796 $10 is both rare and valuable.

To me the cheerios dollar is far rarer than the 1909-s vdb cent(over 5000 in MS60 and above), the 1937-d 3 legged nickel(population of over 2000 in MS60 and above), and 1911-d $2.5 (population over 3000 in MS60 and above). Those 3 are valuable, but if you look at population reports, there are thousands of them out there in high grades. I believe there are less than 50 cheerios dollar found so far. There are many coins that are in demand and have high value but are not particularly rare. I have a high relief 1907 $20 and that coin is not rare either since there are thousands of them out there in MS60 and above.

 

thank you, as this is the discussion i have had with several people on the cheerios as well as other coins, what constitutes rare and/or value and why are'nt certain coins considered valuable that are extremely rare?
yes some has to do with demand, and some has to do with how the community percieves that particular piece, much like fine artwork, which IMHO each and every coin is and always has been it's own little piece of artwork, also some has to do with mintage, me personally i am attracted to gold pieces and well toned pieces although they are way out of my price range:headbang:

 

I looked at that description and thought it was a foreign language.
Thanks. Great info. The marks do look like some type of math or value.

 

I really don't understand the hostility shown in this thread. The OP asked for your opinion as to which coin you value as the most rare/precious with a price over $500.

If you don't have a coin that would qualify for the conditions set forth in the OP, it seems to me the correct thing to do would be to not participate in the thread. Lecturing the OP on the definition of rare as it relates to value only serves to start an argument.

Furthermore, you guys can say what you want, but if the coin is worth less than $500, I don't see how you can consider it a rare coin. Errors and varieties not withstanding, show me a rare US coin worth less than $500.

In answer to the OP's original request after he qualified you don't have to own it, my answer is the Panama Pacific Octagonal $50 Gold.

 

Surely you're joking lehigh. Price is no indication of rarity as any knowledgeable collector knows. Not to mention learning is often obtained through lecture. I understand the ops question but had to make certain the corrilation between the perameters were understood by him as I'm sure was the case with most posters here. After all were all here to learn.
Guy

 

Quarter million dollars?

 

Not joking at all. Price is a reflection of supply (rarity) & demand and is absolutely an indicator of rarity. A very high level of demand can cause a coin that is not rare to be expensive (eg 1909-S VDB Lincoln Cent). It is also possible for a relatively rare coin with low demand to be rather cheap in price (three cent silvers come to mind). I know all about this as I collect Jefferson Nickels. However, just because the 1952 Jefferson Nickel has a population of 14/0 in MS67, that doesn't really make it a rare coin. The other option is that it is some obscure variety that only appeals to a very small portion of the numismatic collecting community thereby limiting the demand and price. IMO, all of the truly rare US coins are way over $500 whether the members of this forum would like to recognize that or not. BTW, I don't own a single truly rare US coin. I own some scarce issues and some conditional rarities, but nothing truly rare. Nothing that the OP was asking for anyway.

Furthermore, I find it extremely rude not to follow the guidelines set forth by the OP simply because some didn't like what he was asking for. You can claim that the lectures were meant as learning tools. I read them, and for the most part, they appeared to be hostile and not in the spirit of learning at all.

 

Yeah I think that qualifies :bow:. Btw I did the math if you ever need a 1/100th owner I'm in . Thanks for posting it!

 

Exactly, fairly common coins like the SVDB can be very valuable due to demand while scarcer coins can be cheap due to a lack of it (like the 3 cent silvers). This alone is proof that rarity is not the sole determining factor of value. I keep referencing my 1940-F 5 Pfennig. That coin is extremely rare in it's condition...but like the 3 cent silver, it doesn't have a high value.

I usually agree with you, but in this case I don't. Rarity and value don't necessarily go hand-in-hand (many times they do, but they don't always).

I think this is due to a deeper problem. This particular OP, who is a fairly new collector, has a tendency to be very defensive and abrasive if anyone says anything he doesn't like. I have personally had some very pleasant discussions with him and I think he is a nice guy who is just new...but I'm not surprised that this thread went the direction it did. It's not the first time.

 

But this is Coin Chat. Go to the US forum if you want strictly US coins.



Not even counting errors, there are some ancients that I know of with few examples know, but go for even less than $100. It's demand that brings value, but demand does not bring rarity. Jus because the coin is rarely sold doesnt make it rare. In te same, jst because everyone wants a certain coin and that brings the value sky high, does not maek it rare either. I guarantee you I can get a 1909 S VDB, if I had the money, and I would have no problem getting one. That does not make it rare

stainless

 

He's right Camaro, I'm not one who likes to argue at all. My parents did it when I was growing up and I promised myself to never take part in it. However, when someone is telling me how I should run a thread or what I "meant" in the thread, I get ticked because that's very presumptuous whether they admit it or not. Honestly, I give everyone here a fair shake 100% but it's until one of those people decide to challenge the way I do things, I take it personally, because it's invalidating my character whole heartedly. It basically says, "Jay, you're new, you don't know what you're talking about, shut up and let me tell you how things are done." I know that sounds harsh, but if you can read into the subtext of some of these replies to me, you'd see that coming out of it. It's very hostile, malicious, and absolutely not constructive to learning because it just makes me hate the person, not want to learn from them.

It's the people like Illini, Lehigh, and others who come with a non-combative stance that I tend to listen to. Notice the pattern? I hardly ever argue or have back and forth with them because they respect me and I respect them regardless of what stage of the game I'm at. There are some here that don't do that, instead they go against me and every word I say, and man, does that make me fume, since it's just plain rude and disrespectful and I'm glad a lot of forum members are starting to see this for what it truly is.

Moving along..

Some nice pictures and ideas so far. This is what this thread is truly all about

 

Price and rarity are not always directly related for the reasons already discussed and I never stated that rarity is the sole determining factor of price. However, Coleguy stated that price is not an indicator of rarity. That is absolutely untrue. In US coins, I just can't call a coin valued under $500 rare and I doubt I could call any coin valued over $10,000 not rare (conditionally at least).

As for the other aspect, I see a marked and concerted effort on the part of the OP to be less defensive over the last few weeks. IMO, that effort appears to be a one way street at this point.

 

Actually, you're a little off. The accepted definition of "rare" pertaining to coins is a coin with a low mintage. "Scarce" is a coin that is not easily found because many are in collector's hands. The two words do not go hand in hand.

 

So, my avatar coin, with two examples known is not rare?


stainless

 

You just need to learn to accept criticism. In an open discussion forum, you will get criticism if what you post is controversial even in the slightest. Many people were offended by what you said just like you were offended by what they said. It's not a one way street.

 

Hmm, all I want is for things to be hunky dory here.

I don't like when people try to change the focus of the thread because it actually does change the discussion in most cases since a lot of us have a natural tendency to go off topic a lot, not saying it's a bad thing, but it happens on these forums all the time...

So I'm kinda saving face/preserving the original intent of the message more than arguing for arguing's sake.

 

Your original intent was to have people show there rare coins, but they had to be $500 and over, other wise they were not rare. All we were doing was trying to show you that there are very rare coins that aren't a lot of money. We were trying to show you that rarity and value don't always go together.


stainless

 

I hope you understand that when the OP asked for rarities valued over $500, he did not mean to invalidate or marginalize your collection. He was not criticizing you or trying to demean your collection because of it's dollar value. The fact remains that the items in your collection are not what the OP was asking for when he started the thread. I don't know why this thread upset you, but the polite thing would have been to not participate.

Someone recently started a thread asking CT members to post their attractive MS60 certified coins. I don't own a single MS60 graded coin. That means I can't participate in that thread. You will not see me criticizing the OP because I have an attractive coins that hold other grades than MS60. He doesn't want to see them, he wants to see the MS60's. In this thread, the OP wanted to see opinions on rare coins priced over $500. I don't see why anyone would have a problem with that much less 8 pages of problems including a warning from the moderator.

It seems to me that some here just like to encil: with the OP.

 

True, and I understood that, but I still wasn't looking for that per se.

We could do another thread some day about coins under $500 that are rare and valuable, but that's not the intent for this one. If you want, you can be the one to start that thread and I won't even feel like you took my idea

Thanks