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Doesn't eBay take the rare out of rare coins?
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<p>[QUOTE="GDJMSP, post: 1363742, member: 112"]No, but almost every series has examples that people call rare. That doesn't mean they are rare.</p><p><br /></p><p><br /></p><p><br /></p><p>There's quite a few actually, coins that really are rare. And rare, as defined by the rarity scales. And mind you, these rarity scales apply to all US coins, not just certain series. There are 2 rarity scales used by just about everybody for US coins.</p><p><br /></p><p>The Sheldon Scale</p><p>[TABLE="width: 588"]</p><p>[TR]</p><p>[TD]R-1 Common</p><p> R-2 Not So Common</p><p> R-3 Scarce</p><p> R-4 Very Scarce (population est at 76-200)</p><p>[/TD]</p><p>[TD] </p><p>[/TD]</p><p>[/TR]</p><p>[/TABLE]</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 So (1,2 or 3)</p><p> </p><p> </p><p>The Universal Rarity Scale by Q. David Bowers</p><p>[TABLE="width: 588"]</p><p>[TR]</p><p>[TD]URS-0 None known</p><p> URS-1 1 known, unique</p><p> URS-2 2 known</p><p> URS-3 3 or 4 known</p><p> URS-4 5 to 8 known</p><p> URS-5 9 to 16 known</p><p> URS-6 17 to 32 known</p><p> URS-7 33 to 64 known</p><p> URS-8 65 to 125 known</p><p> URS-9 126 to 250 known</p><p> URS-10 251 to 500 known</p><p>[/TD]</p><p>[TD]</p><p><br /></p><p><br /></p><p>[/TD]</p><p>[/TR]</p><p>[/TABLE]</p><p>URS-11 501 to 1,000 known</p><p> URS-12 1,001 to 2,000 known</p><p> URS-13 2,001 to 4,000 known</p><p> URS-14 4,001 to 8,000 known</p><p> URS-15 8,001 to 16,000 known</p><p> URS-16 16,001 to 32,000 known</p><p> URS-17 32,001 to 65,000 known</p><p> URS-18 65,001 to 125,000 known</p><p> URS-19 125,001 to 250,000 known</p><p> URS-20 250,001 to 500,000 known</p><p> </p><p>If you look at those numbers there are lots of US coins that qualify as an absolute rarity. The total mintage number usually has little to do with it. Absolute rarity is instead defined by how many are known to exist today. And that's what you're talking about, absolute rarity.</p><p><br /></p><p>But conditional rarity is also real. It has always existed, it is nothing new that has been fabricated in recent years as a marketing gimmick. And for as long as coin collecting has existed collectors have always been willing to pay more for better condition.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1363742, member: 112"]No, but almost every series has examples that people call rare. That doesn't mean they are rare. There's quite a few actually, coins that really are rare. And rare, as defined by the rarity scales. And mind you, these rarity scales apply to all US coins, not just certain series. There are 2 rarity scales used by just about everybody for US coins. The Sheldon Scale [TABLE="width: 588"] [TR] [TD]R-1 Common R-2 Not So Common R-3 Scarce R-4 Very Scarce (population est at 76-200) [/TD] [TD] [/TD] [/TR] [/TABLE] R-5 Rare (31-75) R-6 Very Rare (13-30) R-7 Extremely rare (4-12) R-8 Unique or Nearly So (1,2 or 3) The Universal Rarity Scale by Q. David Bowers [TABLE="width: 588"] [TR] [TD]URS-0 None known URS-1 1 known, unique URS-2 2 known URS-3 3 or 4 known URS-4 5 to 8 known URS-5 9 to 16 known URS-6 17 to 32 known URS-7 33 to 64 known URS-8 65 to 125 known URS-9 126 to 250 known URS-10 251 to 500 known [/TD] [TD] [/TD] [/TR] [/TABLE] URS-11 501 to 1,000 known URS-12 1,001 to 2,000 known URS-13 2,001 to 4,000 known URS-14 4,001 to 8,000 known URS-15 8,001 to 16,000 known URS-16 16,001 to 32,000 known URS-17 32,001 to 65,000 known URS-18 65,001 to 125,000 known URS-19 125,001 to 250,000 known URS-20 250,001 to 500,000 known If you look at those numbers there are lots of US coins that qualify as an absolute rarity. The total mintage number usually has little to do with it. Absolute rarity is instead defined by how many are known to exist today. And that's what you're talking about, absolute rarity. But conditional rarity is also real. It has always existed, it is nothing new that has been fabricated in recent years as a marketing gimmick. And for as long as coin collecting has existed collectors have always been willing to pay more for better condition.[/QUOTE]
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Doesn't eBay take the rare out of rare coins?
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