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<p>[QUOTE="cladking, post: 19383, member: 68"]Read my post again. These coins are in circulation. Not only are these coins circulating without impedance but there are many hundreds of other coins represented by many tens of thousands of examples in circulation. </p><p><br /></p><p>Today dies make more coins than ever but each time a new variety is discovered there are frequently only a handfull of examples known. This is caused simply by the fact that people aren't and haven't been looking for the coins. They believe there is nothing worthwhile in circulation so they don't look and they don't think about it. And these coins just keep circulating. The AU's become XF's which soon become VF's. Before anyone notices there are almost no nicer coins left. This doesn't apply only to the scarce clad varieties, it applies to most all the coins in circulation. </p><p><br /></p><p>Even the cents which have been made by the billions are being discovered in new varieties all the time. There's one pictured on the front of the new Numismatic News right now. Do you believe that only this one example was made and an expert finally got it in pocket change after twenty years? Of course not!! There were hundreds of thousands of these made and no one ever noticed it because no one is looking. With billions of these coins the odds of finding a small production coin are small for any given coin, but the coins are out there. since there are hundreds of desirable coins from condition rarities to rare varieties, it's actually far easier to find rare coins in circulation than ever before. Coins used to be screened by millions of collectors; there was no real chance of finding a valuable coin in circulation after the mid 1950's. But in the modern age the rarities merely accumulate in circulation and are added to each year. </p><p><br /></p><p>Take a coin like a '72-D DDR quarter. There are two of this coin known. ...and probably still many thousands in circulation. Each year another 3% of these are destroyed by fires and the like and about 15% of what's left is worn down another grade. Yet if you find one of these will be at least the third best example known and every year the odds of someone finding a better one will drop because the coins are getting used up in circulation. </p><p><br /></p><p>Again this same applies to regular issue coins like an '83-P quarter too. If you find a nice AU then you already have a scarce coin. Is it valuable? Well, it wholesales at up to about $15 but this might not reflect its true scarcity if it's an attractive specimen. Attractive '83-P quarters are very difficult to find in any grade. In VF or F they are common enough to attract little interest but try to find a nice piece, you'll be surprised. </p><p><br /></p><p>Even if future collectors don't demand the varieties in their sets, one has to think that coins with populations under a few hundred pieces and most of those in VG and lower condition, that VF and XF examples might command significant premiums. Some of these varieties constitute large series of coins with some being quite common. This is exactly the sort of thing that tends to attract collector interest and leads them to be added to collections. The rare pieces of these series could become highly sought after. Even the common pieces will in some cases be extremely tough in AU or unc. </p><p><br /></p><p>These scarce and rare coins exist across all the denominations and run the gamut from virtually unique to scarce. This applies to many of the coins. Imagine what the coins would have looked like in 1960 if collectors had never removd an interesting coin from circulation. There would have been many old and rare coins in circulation just as there are today.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 19383, member: 68"]Read my post again. These coins are in circulation. Not only are these coins circulating without impedance but there are many hundreds of other coins represented by many tens of thousands of examples in circulation. Today dies make more coins than ever but each time a new variety is discovered there are frequently only a handfull of examples known. This is caused simply by the fact that people aren't and haven't been looking for the coins. They believe there is nothing worthwhile in circulation so they don't look and they don't think about it. And these coins just keep circulating. The AU's become XF's which soon become VF's. Before anyone notices there are almost no nicer coins left. This doesn't apply only to the scarce clad varieties, it applies to most all the coins in circulation. Even the cents which have been made by the billions are being discovered in new varieties all the time. There's one pictured on the front of the new Numismatic News right now. Do you believe that only this one example was made and an expert finally got it in pocket change after twenty years? Of course not!! There were hundreds of thousands of these made and no one ever noticed it because no one is looking. With billions of these coins the odds of finding a small production coin are small for any given coin, but the coins are out there. since there are hundreds of desirable coins from condition rarities to rare varieties, it's actually far easier to find rare coins in circulation than ever before. Coins used to be screened by millions of collectors; there was no real chance of finding a valuable coin in circulation after the mid 1950's. But in the modern age the rarities merely accumulate in circulation and are added to each year. Take a coin like a '72-D DDR quarter. There are two of this coin known. ...and probably still many thousands in circulation. Each year another 3% of these are destroyed by fires and the like and about 15% of what's left is worn down another grade. Yet if you find one of these will be at least the third best example known and every year the odds of someone finding a better one will drop because the coins are getting used up in circulation. Again this same applies to regular issue coins like an '83-P quarter too. If you find a nice AU then you already have a scarce coin. Is it valuable? Well, it wholesales at up to about $15 but this might not reflect its true scarcity if it's an attractive specimen. Attractive '83-P quarters are very difficult to find in any grade. In VF or F they are common enough to attract little interest but try to find a nice piece, you'll be surprised. Even if future collectors don't demand the varieties in their sets, one has to think that coins with populations under a few hundred pieces and most of those in VG and lower condition, that VF and XF examples might command significant premiums. Some of these varieties constitute large series of coins with some being quite common. This is exactly the sort of thing that tends to attract collector interest and leads them to be added to collections. The rare pieces of these series could become highly sought after. Even the common pieces will in some cases be extremely tough in AU or unc. These scarce and rare coins exist across all the denominations and run the gamut from virtually unique to scarce. This applies to many of the coins. Imagine what the coins would have looked like in 1960 if collectors had never removd an interesting coin from circulation. There would have been many old and rare coins in circulation just as there are today.[/QUOTE]
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