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Doesn't eBay take the rare out of rare coins?
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<p>[QUOTE="medoraman, post: 1363715, member: 26302"]Yes this is the Sheldon definition. Problem is almost every series has their own "rarity scale". </p><p><br /></p><p>A bigger point is almost no US coins are rare. There may be "conditional rarity", or "variety rarity", but if you are talking about a date/mm in all grades, almost no US coins are "rare". Look at the poster child of this, the S VDB cent. Every single coin show for the past 100 years has a dealer with at least one for sale, but this is "the big rarity" of lincoln cents. </p><p><br /></p><p>A friend of mine literally searched the world for a Persian sigloi for 20 years once, finally finding one for sale after 20 years. There may be 30 of those coins in existence. That is a "rare" coin. </p><p><br /></p><p>Now, saying all of this, rare does not mean valuable at all, or vice versa. There ARE true rarities on Ebay all of the time, low mintage world coins, ancients that may only exist from that mint in the few dozens, etc. They sell for very little though since almost no one cares. Rarity and age never equal worth, though many believe they do. Its DEMAND that makes your 1928 Peace dollar valuable. Tens of thousands of people every day want to buy that coin, maybe 3 people would ever want to collect the little ugly bronzes I buy, even though mine technically ARE "rare".</p><p><br /></p><p>Ok, end of rant. Sorry. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1363715, member: 26302"]Yes this is the Sheldon definition. Problem is almost every series has their own "rarity scale". A bigger point is almost no US coins are rare. There may be "conditional rarity", or "variety rarity", but if you are talking about a date/mm in all grades, almost no US coins are "rare". Look at the poster child of this, the S VDB cent. Every single coin show for the past 100 years has a dealer with at least one for sale, but this is "the big rarity" of lincoln cents. A friend of mine literally searched the world for a Persian sigloi for 20 years once, finally finding one for sale after 20 years. There may be 30 of those coins in existence. That is a "rare" coin. Now, saying all of this, rare does not mean valuable at all, or vice versa. There ARE true rarities on Ebay all of the time, low mintage world coins, ancients that may only exist from that mint in the few dozens, etc. They sell for very little though since almost no one cares. Rarity and age never equal worth, though many believe they do. Its DEMAND that makes your 1928 Peace dollar valuable. Tens of thousands of people every day want to buy that coin, maybe 3 people would ever want to collect the little ugly bronzes I buy, even though mine technically ARE "rare". Ok, end of rant. Sorry. :) Chris[/QUOTE]
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Doesn't eBay take the rare out of rare coins?
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