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<p>[QUOTE="svessien, post: 4602223, member: 15481"]That’s your subjective opinion of rarity then. Which you are 100% entitled to have, of course.</p><p>For those who want to bring their hobby closer to science, objective criteria need to be established to a larger extent.</p><p>As a Morgan man, I’m sure you are used to The Sheldon Coin Grading Scale. </p><p>Sheldon also created a scale for rarity, as you probably know:</p><p><br /></p><p>R-1 = common, R-2 = not so common, R-3 = scarce</p><p>R-4 = very scarce (population estimated at 76-200)</p><p>R-5 = rare (31-75)</p><p>R-6 = very rare (13-30)</p><p>R-7 = extremely rare (4-12)</p><p>R-8 = unique or nearly unique (1, 2, or 3)</p><p><br /></p><p>This is, to my knowledge, the most widely used scale of rarity. One does not start applying the word «rare» until there are less than 75 specimen known. </p><p><br /></p><p>When a modern coin where several thousand samples exist is being described as «rare», one has chosen to not operate with the accepted standard. TPGs that do this with the grading scale, have been subject to a lot of criticism. Why shouldn’t this be the case with the other Sheldon scale; the one of rarity?</p><p><br /></p><p>When a company market a brand new coin with a mintage of 240 000 as rare, I am willing to use the word «ridiculous» about that. My thesaurus describes «ridiculous» as «deserving or inviting derision or mockery; absurd.» I think that’s the correct term in this case.</p><p><br /></p><p>English is a great language with a wide variety of words and expressions. I’m quite sure there are other words to describe the connection between supply, demand and price, than «rare». That term has been defined, and no Morgan dollar meets the criteria.[/QUOTE]</p><p><br /></p>
[QUOTE="svessien, post: 4602223, member: 15481"]That’s your subjective opinion of rarity then. Which you are 100% entitled to have, of course. For those who want to bring their hobby closer to science, objective criteria need to be established to a larger extent. As a Morgan man, I’m sure you are used to The Sheldon Coin Grading Scale. Sheldon also created a scale for rarity, as you probably know: R-1 = common, R-2 = not so common, R-3 = scarce R-4 = very scarce (population estimated at 76-200) R-5 = rare (31-75) R-6 = very rare (13-30) R-7 = extremely rare (4-12) R-8 = unique or nearly unique (1, 2, or 3) This is, to my knowledge, the most widely used scale of rarity. One does not start applying the word «rare» until there are less than 75 specimen known. When a modern coin where several thousand samples exist is being described as «rare», one has chosen to not operate with the accepted standard. TPGs that do this with the grading scale, have been subject to a lot of criticism. Why shouldn’t this be the case with the other Sheldon scale; the one of rarity? When a company market a brand new coin with a mintage of 240 000 as rare, I am willing to use the word «ridiculous» about that. My thesaurus describes «ridiculous» as «deserving or inviting derision or mockery; absurd.» I think that’s the correct term in this case. English is a great language with a wide variety of words and expressions. I’m quite sure there are other words to describe the connection between supply, demand and price, than «rare». That term has been defined, and no Morgan dollar meets the criteria.[/QUOTE]
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