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How do you define "RARE" in numismatics?
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<p>[QUOTE="Omegaraptor, post: 2445128, member: 76105"]"Rare" is a coin with an actually low survival rate. I've done the 1909-S VDB and 1852-O half dime comparison enough times, you know what I mean. But for the newbies, let me reiterate.</p><p><br /></p><p>The 1909-S VDB is a coin of which 484000 were minted, and according to PCGS survival estimates, 50000 of them have survived the test of time. They were hoarded when they came out, which accounts for a high survival rate. However, demand for this piece is extremely high, even though the coin is not rare. As a result, it sells for extremely high prices.</p><p><br /></p><p>The 1852-O half dime is a coin of which 260000 were minted, and PCGS says approximately 200 of them have survived. That number seems and is low, but one year after these coins were made, the silver price rose, resulting in a significant portion of these coins being melted by the public. This issue is rare but has very low demand, resulting in extremely low prices in comparison to rarity.</p><p><br /></p><p>Don't let demand and price fool you. Look at the survival rates. Pretty much what [USER=27832]@-jeffB[/USER] said.[/QUOTE]</p><p><br /></p>
[QUOTE="Omegaraptor, post: 2445128, member: 76105"]"Rare" is a coin with an actually low survival rate. I've done the 1909-S VDB and 1852-O half dime comparison enough times, you know what I mean. But for the newbies, let me reiterate. The 1909-S VDB is a coin of which 484000 were minted, and according to PCGS survival estimates, 50000 of them have survived the test of time. They were hoarded when they came out, which accounts for a high survival rate. However, demand for this piece is extremely high, even though the coin is not rare. As a result, it sells for extremely high prices. The 1852-O half dime is a coin of which 260000 were minted, and PCGS says approximately 200 of them have survived. That number seems and is low, but one year after these coins were made, the silver price rose, resulting in a significant portion of these coins being melted by the public. This issue is rare but has very low demand, resulting in extremely low prices in comparison to rarity. Don't let demand and price fool you. Look at the survival rates. Pretty much what [USER=27832]@-jeffB[/USER] said.[/QUOTE]
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