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

Discussion in 'Coin Chat' started by BNB Analytics, Nov 13, 2009.

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  1. BNB Analytics

    BNB Analytics New Member

    I think by tomorrow the thread will weather this storm and get back to normal as I originally intended for it.
     
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  3. Lehigh96

    Lehigh96 Toning Enthusiast

    These are your statements. The first one I disagreed with. The second one is acceptable. I have and will continue to define scarce as a degree of rarity between common and rare.:p
     
  4. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter


    Not quite...but if that is an offer I'll take it!!! hahaha
     
  5. TheBigH

    TheBigH Senior Member

    We all have our own words we like to use. I don't use the Sheldon grading scale!
     
  6. mark_h

    mark_h Somewhere over the rainbow


    Paul and Paul only on US coins...does a coin with a proof mintage of 3200 qualify as rare? I understand condition rarity - several dates have a condition rarity simply because of strike. Now I have 2 of the coins with a mintage of 3200 and neither coin cost me $500 dollars - one is proof 64 and the other is proof 62. I consider them rare and the coins are not dogs either. Now I have several coins over $500 dollars that I do not consider rare, even when considering variety or condition - and the fantasy aspect just did not inspire me. And I am still glad I asked the original question.
     
  7. rzage

    rzage What Goes Around Comes Around .

    See above .
     
  8. rzage

    rzage What Goes Around Comes Around .

    Since I don't have to own it I'll go with that fabulous example shown in Coin Values for the 1796 Draped Bust , small eagle quarter , I drool over that coin every time I see it .
    rzage:thumb:
     
  9. CamaroDMD

    CamaroDMD [Insert Clever Title]

    I don't know if this coin will fit everyone's definition of rare...but it does mine. The example pictured sold on HA for over $4000 and it is one of my dream coins. This is a 1880 Goloid Dollar Pattern. This design is seen in 3 examples: J-1645 (Goloid Alloy), J-1646 (Copper), J-1647 (Aluminum). The copper is the most common and the aluminum the most rare.

    This is an example of the Goloid alloy (J-1645) coin. I think it is an interesting coin and a beautiful design. I don't own one...yet. ;)

    [​IMG]
     
  10. mark_h

    mark_h Somewhere over the rainbow

    Interesting definition. The Panama-pacific commemorative coin would not qualify and yet the 1882 snow-6 IHC(only about 10 specimens known) coin I had would qualify. And you are right it does not mention mintage, but still I consider low mintage coins (few thousands) to be rare. Interesting definition.
     
  11. mikenoodle

    mikenoodle The Village Idiot Supporter

    So... I actually got it right?

    On an off note, if you'll notice, Jay. I have been forthright and honest from the start. I let the fact that we got off on the wrong foot go and I am hoping you have done the same for me as well as most others here.
     
  12. CamaroDMD

    CamaroDMD [Insert Clever Title]

    Here is another dream coin of mine. It is the only one I have ever seen...but there might be more out there I don't know. This coin was sold for $10,950 at the 2008 Long Bach Auctions and was my favorite coin sold at that event.

    It is a 2000-P Sacajawea Dollar error struck on a 1999 SBA planchet. The coin was graded by ANACS as an AU58.

    [​IMG]
     
  13. Lehigh96

    Lehigh96 Toning Enthusiast

    I think it would depend upon the extant population remaining in that grade. Certainly with a mintage that low, the coin is scarce, but if the majority of the extant pieces are of a higher grade, the coin could hardly be considered rare which would explain the price. The only proofs that I know that are affordable are proof IHC's. The majority of these proofs are readily available in PF65+, even those with lower mintages. In the case of proof IHC's, most collectors demand gem state coins. The lack of demand below this grade level suppresses prices despite the apparent rarity.

    As far as coins with prices over $500, I have many and none of them are truly rare coins. The only coin that I own that I would even consider rare is my Lafayette Dollar DuVall 3-D MS65. The extant population in MS65 regardless of die variety is 429/159 with a price tag approaching five figures. The DuVall 3-D makes up only about 5% of the total population. Applying this percentage to the total yields a rough estimate of 21/8 surviving examples of the die variety.
     
  14. GoldCoinLover

    GoldCoinLover Senior Member

    Well, this coin used to be my most valueable coin until gold soared beyond belief...now my most expensive coin is my 1908 No Motto NGC MS64 saint gaudens. It's not the most rare however.

    Here's the saint gaudens:
    [​IMG]

    My most 'rare' coin isn't actually rare, its scarce at most (Well at least when you compare it to the mintages of the coronet liberty type afterwards)
    Cost me $1200 from mark feld.
    [​IMG]
     
  15. GDJMSP

    GDJMSP Numismatist Moderator

    As always happens in these kinds of threads the real issue is definitions. If you are are going to ask questions like this, then you have to define your terms. Otherwise you have the mess that this thread degenrated into right from beginning.

    The original question was - your rarest rarest coin of all time. That meant to me that you had to own the coin. Then the OP also wanted that coin of yours to be worth more than $500.

    Later he changed and asked for coins you don't own, but would like to own. That works too. But we still have to problem of what "rare" means.

    As the PCGS definition clearly states, the term is way over-used to describe coins that are in no way rare at all. They pin it down for you though to mean coins with only 50-75 examples known to exist.

    Well, I guess that works. Problem is, with all of the rarity scales that I know of, and I know of a lot of them, having 50-75 examples doesn't even come close to approaching the end of the scale. In almost all cases 50-75 lands in the middle of the scale.

    So if you are talking about the "rarest of the rare" - I don't think that the middle of the scale quite satisfies that qualification. To get to the rarest of the rare, you can only consider those coins with less than 10 examples known.

    In this entire thread, I have seen 2 post that would qualify. 1 coin was more than $500, the other I'm not sure about.

    Now I used to own several coins with less than 10 examples known, 2 or 3 with less than 5 known. Some of them cost more than $500, some of them less than $500. So as stated about a million times already, rarity, even absolute rarity, often has no bearing on value.

    So the next time somebody wants to ask questions like this - define your terms first. It will go a long ways towards avoiding all the needless discussion on definitions.
     
  16. Bartlesvilleok

    Bartlesvilleok New Member

    Here is my rarest. It is a Judd 1769 1 cent pattern coin made of aluminum. It has a pcgs/ngc pop of 15 according to the newest edition of the red book pattern coins book.

    [​IMG]
     
  17. BNB Analytics

    BNB Analytics New Member


    Let's move on from what you're talking about.. It's been a day and there is no reason for you to have to bring this dialogue up again, Doug, just drop it. You always wait and come in a day after the dust settles to mention your opinion on the matter. Sometimes it's best we just let things past and not let it keep roasting.

    I heard and read what you just said though. So thank you.

    I asked for people to share their dream coins and/or the ones they have.

    Moving along...Great coins thus far.. That last one is amazing. How much is something like that worth?
     
  18. GDJMSP

    GDJMSP Numismatist Moderator

    Ya know what BNB - that's part of the problem. Why is it that you never want to hear anything that isn't just exactly the way you want it to be ? This entire thread, with 176 replies, is only 2 days old - 2 days !

    Go start another thread, do as I suggested, define your terms this time. THEN you will get the answers you want to hear.
     
  19. kaparthy

    kaparthy Well-Known Member

    "I'm a Friend of Doug."

    (Sorry... I went back and read as much of this as was interesting and I see that the short timeline and wavering parameters make this far less interesting. I really was more interested in the true collector's viewpoint as expressed by Frank Robinson in Confessions of a Numismatic Fanatic. As a child, his coin pals were gushing about the Brasher Doubloons -- and remained unimpressed with his Chinese cash, several of which were unique and many of which were less common than the Brasher coins.

    I thought that's what this was about.)
    [images and discussion of them removed]
     
  20. Bartlesvilleok

    Bartlesvilleok New Member

    I think it is funny you say this to Doug about him posting yet instead of you letting it drop like you said you are the one that keeps posting. Wasn't it you that said you didn't like to agrue? To me it seems like someone who just has to get the last word in.
     
  21. CamaroDMD

    CamaroDMD [Insert Clever Title]

    Guys, enough. Just let it go (everyone). Lets try and post some cool coins instead. I was among the most vocal about this early on and even I dropped it...and have posted a couple of coins since that IMHO are very cool coins. So, everyone now knows what the intent of this thread was...so just let it go.
     
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