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<p>[QUOTE=&quot;iPen, post: 2445781, member: 69760&quot;]I believe that a lot of the discussion/debate has to do with how I&#039;ve named the ratio formula &quot;relative rarity&quot;, and how that name/term is being confused with the generic use of the words relative and rarity.</p><p><br /></p><p><br /></p><p><br /></p><p>As mentioned in the OP, &quot;relative rarity&quot;, as I&#039;ve defined it, necessarily has to do with value. Whereas, value is not necessarily tied directly with rarity.</p><p><br /></p><p><br /></p><p><br /></p><p>Relatively rare in the context of rare means scarce, sure. Whereas, &quot;relatively rare&quot; in the context of &quot;relative rarity&quot; would suggest that something is practically rare just as something which is rare in number. I&#039;m not twisting words, it&#039;s all in context.</p><p><br /></p><p>The idea of &quot;relative rarity&quot; is about how easily you can find something, which is different from how rare something is in number. 1,000 mintage may be absolutely rare, but I may be able to find that coin more easily than a 1 million mintage coin that everyone wants. As a more extreme point, I may be able to find a 100 mintage coin just as easily as one that has a mintage of 100 million - the latter has little to no demand, while the former has an extremely high demand. In this case, the two coins would have the same relative rarity ratio value, which reveals the practical real world availability of a given coin beyond guesses or hasty conclusions drawn from a static mintage number.</p><p><br /></p><p>e.g. If something has a mintage of 1,000, then do we assume that it won&#039;t be available or even just as available as one with a much higher mintage? It may or may not usually be the case; if you&#039;re a world coin collector, you may find that it&#039;s not always the case, such as a modern Canadian limited edition dollar vs a 1950s Canadian dollar. The limited edition may be more rare in number, but it may be practically just as available as a much higher mintage 1950&#039;s dollar. That would suggest that the two would have the same relative rarity ratio value. It <i>may</i> even suggest that the two &quot;should&quot; be priced similarly. In which case, you can simply look at the ratio, and generally know what the price should be (whether or not you&#039;d be paying too much), how available it is, and which coins to prioritize your purchases based on availability. </p><p><br /></p><p>Now, if established rarity scales already do this well, then we can stick with them. My introduction of a ratio doesn&#039;t have to be used, and even though it&#039;s not new, it doesn&#039;t make invalid, nor worse.[/QUOTE]</p><p><br /></p>

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