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How do you define "RARE" in numismatics?
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<p>[QUOTE="World Colonial, post: 2445036, member: 78153"]The definition you are attempting to use turns the concept of rarity on its head. </p><p><br /></p><p>Nothing is rare simply because many people would like to buy it but cannot afford it.</p><p><br /></p><p>Rarity is not a function of demand, but supply.</p><p><br /></p><p>Using any reasonable common sense if imprecise definition, no coin which can be bought on demand can remotely be considered rare, such as your hypothetical with the 2017 ASE. Even under your concept, except under the most arbitrary of assumptions, anyone who wants one will be able to buy it. They will just have to pay more.</p><p><br /></p><p>US collectors have a habit of exaggerating supposed "rarity" more than any others in the world, literally. The most logical reason for it is that since most US coins are actually common to extremely common, they find it necessary to exaggerate the merits of what they collect.</p><p><br /></p><p>This is why rarity based upon the TPG grade or some other specialization is considered significant. This includes die varieties (even when single date/MM combinations have dozens, hundreds and possibly thousands) and full strikes (such as FS nickels).</p><p><br /></p><p>I find the concept of relative rarity the most useful, because it is the most objective. The one I use when evaluating rarity is the Judd scale.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2445036, member: 78153"]The definition you are attempting to use turns the concept of rarity on its head. Nothing is rare simply because many people would like to buy it but cannot afford it. Rarity is not a function of demand, but supply. Using any reasonable common sense if imprecise definition, no coin which can be bought on demand can remotely be considered rare, such as your hypothetical with the 2017 ASE. Even under your concept, except under the most arbitrary of assumptions, anyone who wants one will be able to buy it. They will just have to pay more. US collectors have a habit of exaggerating supposed "rarity" more than any others in the world, literally. The most logical reason for it is that since most US coins are actually common to extremely common, they find it necessary to exaggerate the merits of what they collect. This is why rarity based upon the TPG grade or some other specialization is considered significant. This includes die varieties (even when single date/MM combinations have dozens, hundreds and possibly thousands) and full strikes (such as FS nickels). I find the concept of relative rarity the most useful, because it is the most objective. The one I use when evaluating rarity is the Judd scale.[/QUOTE]
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