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How do you define "RARE" in numismatics?
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<p>[QUOTE="iPen, post: 2445659, member: 69760"]I don't see fixed scales or established systems as immutable or perfect. They falter and change, just as how government laws change and are constantly amended and have new legislation enacted (not to get political but to simply make a point). If there's a superior rarity scale, then why do we have so many established ones that some <i>prefer</i> over others?</p><p><br /></p><p><br /></p><p><br /></p><p>Demand itself won't define the value of something. It's the combination of both supply and demand. Also, 'lack of demand' is a relative assertion - if you only sold one good and have a "sparse" demand of only one buyer, then there is no lack of demand.</p><p><br /></p><p>And, the notion of "relative rarity" is just as valid as "supply and demand" or "absolute rarity". They're all various man-made explanations of how to categorize ideas. And, aside from any established, numeric system, where do you draw the line between what is rare and what isn't rare? 100? 200? 10,000? Looking at the rarity scale, is what's "scare" not rare because it's not called rare, even though you can't find it anywhere despite it's supposedly non-rare mintage? What if it was a "common" coin with a mintage in the millions that you can't find anywhere for years because everyone wants one? Is that not (relatively) rare?[/QUOTE]</p><p><br /></p>
[QUOTE="iPen, post: 2445659, member: 69760"]I don't see fixed scales or established systems as immutable or perfect. They falter and change, just as how government laws change and are constantly amended and have new legislation enacted (not to get political but to simply make a point). If there's a superior rarity scale, then why do we have so many established ones that some [I]prefer[/I] over others? Demand itself won't define the value of something. It's the combination of both supply and demand. Also, 'lack of demand' is a relative assertion - if you only sold one good and have a "sparse" demand of only one buyer, then there is no lack of demand. And, the notion of "relative rarity" is just as valid as "supply and demand" or "absolute rarity". They're all various man-made explanations of how to categorize ideas. And, aside from any established, numeric system, where do you draw the line between what is rare and what isn't rare? 100? 200? 10,000? Looking at the rarity scale, is what's "scare" not rare because it's not called rare, even though you can't find it anywhere despite it's supposedly non-rare mintage? What if it was a "common" coin with a mintage in the millions that you can't find anywhere for years because everyone wants one? Is that not (relatively) rare?[/QUOTE]
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