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<p>[QUOTE="dougsmit, post: 3984278, member: 19463"]This question is one with no good answer. Rarity means nothing without demand or interest in the coin. There may be 100 EID MAR denarii but there are over a thousand people (10,000?) who would like one so it is 'rare' in that sense. On the other hand, there are coins that exist in only one or a few examples but no one cares so the type is lumped with other items of the same ruler unless they end up in a collection owned by one person who cares (usually after deciding the coin is rare). It makes no difference whatsoever how many were made but how many survived and still exist. </p><p><br /></p><p>Many of us have at least one coin that we have never seen offered or listed in public collections. My experience in this has been that coins I thought to be unique become less so as our experience increases. Lately we have been blessed with more online resources than previously including some great collections like the British Museum. (Hint: They have added many coins since their books were published.) A coin I once thought to be one of three became one of five when the BM posted the two that they own. Here on Coin Talk, many of my 'rare' treasures were downgraded when I found that Martin owned one. There is no way of knowing how may people there are out there who own coins I would like to see but remain silent for a lifetime. If collections are passed down in the family and not sent off to market, it is quite possible for a rarity to remain unknown for a century. </p><p><br /></p><p>I have during the past thirty years of Internet access posted several requests that people report to me if they know of another example of some coins I find of interest but never hear a report or get an offer to sell me one. That does not mean the item does not exist. That does not mean some museum does not have a bucket full of them. That does not mean the current owner of a coin even knows it is different from a thousand other coins. </p><p><br /></p><p>I would love to hear how people expect to discover how many of something exists under the current circumstances. I suspect 95% of all collectors do so in private and 95% of public holdings remain less than fully cataloged let alone published in a manner that someone could discover their contents. We have old publications that include coins that probably ceased to exist due to war, theft/melting or 'bronze disease'. We are told stories about coins that were rare but not all of them are known publicly today. Years ago I was told that there was only one aureus of Pescennius Niger but it was destroyed in 'The War'. More recently I have seen at least half a dozen but have no idea if the lost one is included or how many more there are. For that matter, I have no idea if someone reading this owns one and is not saying. </p><p><br /></p><p>I do suggest being a little careful when tempted to pay a 'unique' price for a coin. I would love to know how we are to know the count.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3984278, member: 19463"]This question is one with no good answer. Rarity means nothing without demand or interest in the coin. There may be 100 EID MAR denarii but there are over a thousand people (10,000?) who would like one so it is 'rare' in that sense. On the other hand, there are coins that exist in only one or a few examples but no one cares so the type is lumped with other items of the same ruler unless they end up in a collection owned by one person who cares (usually after deciding the coin is rare). It makes no difference whatsoever how many were made but how many survived and still exist. Many of us have at least one coin that we have never seen offered or listed in public collections. My experience in this has been that coins I thought to be unique become less so as our experience increases. Lately we have been blessed with more online resources than previously including some great collections like the British Museum. (Hint: They have added many coins since their books were published.) A coin I once thought to be one of three became one of five when the BM posted the two that they own. Here on Coin Talk, many of my 'rare' treasures were downgraded when I found that Martin owned one. There is no way of knowing how may people there are out there who own coins I would like to see but remain silent for a lifetime. If collections are passed down in the family and not sent off to market, it is quite possible for a rarity to remain unknown for a century. I have during the past thirty years of Internet access posted several requests that people report to me if they know of another example of some coins I find of interest but never hear a report or get an offer to sell me one. That does not mean the item does not exist. That does not mean some museum does not have a bucket full of them. That does not mean the current owner of a coin even knows it is different from a thousand other coins. I would love to hear how people expect to discover how many of something exists under the current circumstances. I suspect 95% of all collectors do so in private and 95% of public holdings remain less than fully cataloged let alone published in a manner that someone could discover their contents. We have old publications that include coins that probably ceased to exist due to war, theft/melting or 'bronze disease'. We are told stories about coins that were rare but not all of them are known publicly today. Years ago I was told that there was only one aureus of Pescennius Niger but it was destroyed in 'The War'. More recently I have seen at least half a dozen but have no idea if the lost one is included or how many more there are. For that matter, I have no idea if someone reading this owns one and is not saying. I do suggest being a little careful when tempted to pay a 'unique' price for a coin. I would love to know how we are to know the count.[/QUOTE]
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