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1851 Half Cent..Opinion needed
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<p>[QUOTE="Eduard, post: 758014, member: 8959"]Gopher, I agree with you - one needs to define exactly what is meant by "scarce".</p><p>I.M.O it is a factor of at least parameters: how many people want an item, and how many of the item exist. In my book to be genuinely scarce, a coin needs to have a total extant population of 200 specimens or less, in other words an R4+ rarity rating to use Sheldon's terminology. But of course opinions will vary! This topic probably deserves at thread all by itself.</p><p><br /></p><p>To get back O.T, I remember many years ago reading an article by Dave Bowers where he explained why the prices of 1/2 cents were then (and still are 20+ years later) depressed or relatively low considering the low mintages. I don't remember all of his arguments, but he cited much the same factors the same factors you did: lack of demand due to their large cent sisters stealing the limelight and relatively many available in high condition.[/QUOTE]</p><p><br /></p>
[QUOTE="Eduard, post: 758014, member: 8959"]Gopher, I agree with you - one needs to define exactly what is meant by "scarce". I.M.O it is a factor of at least parameters: how many people want an item, and how many of the item exist. In my book to be genuinely scarce, a coin needs to have a total extant population of 200 specimens or less, in other words an R4+ rarity rating to use Sheldon's terminology. But of course opinions will vary! This topic probably deserves at thread all by itself. To get back O.T, I remember many years ago reading an article by Dave Bowers where he explained why the prices of 1/2 cents were then (and still are 20+ years later) depressed or relatively low considering the low mintages. I don't remember all of his arguments, but he cited much the same factors the same factors you did: lack of demand due to their large cent sisters stealing the limelight and relatively many available in high condition.[/QUOTE]
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1851 Half Cent..Opinion needed
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