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<p>[QUOTE="dougsmit, post: 2489962, member: 19463"]We go through this every time it comes up but we always have people who missed the last time. RIC ratings do not attempt to count the number of a coin that exist. They surveyed a specific and very limited list of collections, mostly museums, and report how many of a coin were found in those places. 'Unique' means they found one in their list of places not that one exists. They did not consider the fact that thousands of other collections exist and may have the coin or that one of those collections might have a thousand examples. I have seen five examples of an R5 held in the same hand buy a specialist demonstrating that point. Many of us that specialize in something enjoy owning a coin (or a hundred coins) 'not in RIC' or otherwise unknown but we really do not know what is held by those thousands of hidden collections either. Don't get too interested in 'rarity'. What makes a difference is the ratio between the number that exist and the number of people who want one. The old joke tells of a sale where a 'three known' failed to draw a bid. It seems that only two people cared and they owned the other two. There are a hundred or so EID MAR denarii and a few thousand people who want one. A few of us have coins not otherwise seen in the market in the last 50 years. No one cares about them. Which is 'rare'?[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2489962, member: 19463"]We go through this every time it comes up but we always have people who missed the last time. RIC ratings do not attempt to count the number of a coin that exist. They surveyed a specific and very limited list of collections, mostly museums, and report how many of a coin were found in those places. 'Unique' means they found one in their list of places not that one exists. They did not consider the fact that thousands of other collections exist and may have the coin or that one of those collections might have a thousand examples. I have seen five examples of an R5 held in the same hand buy a specialist demonstrating that point. Many of us that specialize in something enjoy owning a coin (or a hundred coins) 'not in RIC' or otherwise unknown but we really do not know what is held by those thousands of hidden collections either. Don't get too interested in 'rarity'. What makes a difference is the ratio between the number that exist and the number of people who want one. The old joke tells of a sale where a 'three known' failed to draw a bid. It seems that only two people cared and they owned the other two. There are a hundred or so EID MAR denarii and a few thousand people who want one. A few of us have coins not otherwise seen in the market in the last 50 years. No one cares about them. Which is 'rare'?[/QUOTE]
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