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<p>[QUOTE="Jasonb, post: 785391, member: 18870"]For what it's worth, this is from <a href="http://www.usrarecoininvestments.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usrarecoininvestments.com" rel="nofollow">www.usrarecoininvestments.com</a>, not saying I agree (or disagree):</p><p> </p><p>"1) What is a rare coin?Webster’s defines “rare” as something not frequently found; scarce; uncommon or unusual. The word “rare” as it is used in the numismatic industry has a more vague meaning. Because a coin’s rarity is relative, many coins are referred to as “rare coins” even though there may be 500,000 of that specific coin in existence. For example, 484,000 specimens of the famous 1909s VDB Lincoln Cent were minted, and more than 4,000 have been certified by the leading third-party coin grading services, yet that coin is deemed to be eminently rare and desirable.A coin can be “rare” because of a relatively low mintage, a low survival rate, and/or because nobody wants to sell the specimens they have. Demand also plays a role in a coin’s rarity. If there is only one specimen of a coin and ten people want it, it is “rare” relative to the demand for it.2) Isn’t the condition of the coin important?The condition is very important. Although there is no specific grade to exclude, the general rule of thumb is that a higher grade coin from a certain series will usually be in greater demand and will outperform the lower grade example of the same coin in terms of appreciation."[/QUOTE]</p><p><br /></p>
[QUOTE="Jasonb, post: 785391, member: 18870"]For what it's worth, this is from [URL="http://www.usrarecoininvestments.com"]www.usrarecoininvestments.com[/URL], not saying I agree (or disagree): "1) What is a rare coin?Webster’s defines “rare” as something not frequently found; scarce; uncommon or unusual. The word “rare” as it is used in the numismatic industry has a more vague meaning. Because a coin’s rarity is relative, many coins are referred to as “rare coins” even though there may be 500,000 of that specific coin in existence. For example, 484,000 specimens of the famous 1909s VDB Lincoln Cent were minted, and more than 4,000 have been certified by the leading third-party coin grading services, yet that coin is deemed to be eminently rare and desirable.A coin can be “rare” because of a relatively low mintage, a low survival rate, and/or because nobody wants to sell the specimens they have. Demand also plays a role in a coin’s rarity. If there is only one specimen of a coin and ten people want it, it is “rare” relative to the demand for it.2) Isn’t the condition of the coin important?The condition is very important. Although there is no specific grade to exclude, the general rule of thumb is that a higher grade coin from a certain series will usually be in greater demand and will outperform the lower grade example of the same coin in terms of appreciation."[/QUOTE]
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