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How do you define "RARE" in numismatics?
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<p>[QUOTE="okbustchaser, post: 2445773, member: 72642"]Once again, <b>value</b> has nothing to do with whether or not a coin is <b>rare</b>. It is based on the amount of demand there is for it vs the total supply of said item. If the demand for an item rises while the supply remains static the value of the item will rise; if the demand for the same item falls, its value will fall.</p><p><br /></p><p><b>BUT EITHER WAY, THE RARITY OF THE ITEM STAYS THE SAME.</b></p><p><br /></p><p>A coin either IS rare (total population under most accepted scales somewhere under 75 to 100 examples in existence) or it isn't. If your " 'common' coin with a mintage in the millions" only has 100 examples still in existence then yes, it is a rare coin--regardless of the original mintage. However, the fact that there might be 20,000 people looking to buy one while there are only 10,000 examples still left has nothing to do with whether it is rare or not. In this case, it is not a rare coin--merely an expensive one.[/QUOTE]</p><p><br /></p>
[QUOTE="okbustchaser, post: 2445773, member: 72642"]Once again, [B]value[/B] has nothing to do with whether or not a coin is [B]rare[/B]. It is based on the amount of demand there is for it vs the total supply of said item. If the demand for an item rises while the supply remains static the value of the item will rise; if the demand for the same item falls, its value will fall. [B]BUT EITHER WAY, THE RARITY OF THE ITEM STAYS THE SAME.[/B] A coin either IS rare (total population under most accepted scales somewhere under 75 to 100 examples in existence) or it isn't. If your " 'common' coin with a mintage in the millions" only has 100 examples still in existence then yes, it is a rare coin--regardless of the original mintage. However, the fact that there might be 20,000 people looking to buy one while there are only 10,000 examples still left has nothing to do with whether it is rare or not. In this case, it is not a rare coin--merely an expensive one.[/QUOTE]
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