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<p>[QUOTE=&quot;GDJMSP, post: 1636467, member: 112&quot;]The term conditional rarity never really came to be used much until people started describing high grade modern coins as being &quot;rare&quot;. And that only came to be in the last 10-15 years. </p><p><br /></p><p>Skeptics met those claims of rarity by saying that the coins were not rare at all since the coins existed in the hundreds of millions or even billions, that they were merely conditional rarities. And that since there were so many of the coins out there, that many, many more of them might be submitted and graded at some point in the future thus rendering those so called &quot;rare&quot; coin in high grades into common coins instead of &quot;rare&quot; coins.</p><p><br /></p><p>This kind of gave the term conditional rarity a bad reputation if you will, a negative connotation. Meaning that just because a coin was a conditional rarity that didn&#039;t really make it worth anything or make it rare at all.</p><p><br /></p><p>But what people seem to forget is that coins with conditional rarity have been with us for as long as coin collecting has existed. All coins have examples of conditional rarities, not just modern coins. But in years past the term was never used, never even really thought of. In years past nobody would bat an eye if you said you had an MS67 or MS68 Morgan. They would say - WOW ! - and just ooooooh and ahhhhhh over the coin and tell you how lucky you were to own such a coin. It didn&#039;t matter to them that there were several hundred thousand examples of the very same coin graded MS63, 64, or even 65.</p><p><br /></p><p>In other words that 67, 68 Morgan was in actuality nothing more than a conditional rarity. In that regard the Morgan was no different at all from the MS68 State Quarter. But tell somebody you had an MS68 State Quarter and they&#039;d look at you say - so what, it&#039;s a conditional rarity - and roll their eyes as if it didn&#039;t matter at all.</p><p><br /></p><p>Do you see what I mean ?[/QUOTE]</p><p><br /></p>

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