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<p>[QUOTE=&quot;Lehigh96, post: 989253, member: 15309&quot;]I think you are missing Doug&#039;s point entirely.&nbsp; He is simply stating that the concept of conditional rarities is not new.&nbsp; It has always been applied to classic coinage and now it is being applied to modern coinage.&nbsp; His other point is that conditional rarities will drive much higher prices than coins that just have low mintages.&nbsp; I think that everyone needs to remember that coin collectors come from every financial background.&nbsp; It is widely accepted in numismatics that you buy the best quality coin that you can afford.&nbsp; There are many collectors who basically have no limit to their available funds and can and will pay top dollar for the very best quality coins they can find.</p><p><br /></p><p>For an example of a traditional conditional rarity, let&#039;s look at Peace Dollars.&nbsp; The 1928 Peace Dollar is widely considered the key date of the series whereas the 1928-S has a much more typical mintage for the later dates of the series.</p><p><br /></p><p>1928 Peace Dollar:&nbsp; Mintage (360,649)</p><p>1928-S Peace Dollar:&nbsp; Mintage (1,632,000)</p><p><br /></p><p>In XF40, the 1928 Peace Dollar drives a price of $300 compared to $30 for that of the 1928-S.&nbsp; But move up to MS65 and the situation changes drastically.&nbsp; In MS65, the 1928 Peace Dollar has a population of (316/13) and a price tag of $3,150 (Numismedia Wholesale).&nbsp; Compare that to the 1928-S Peace Dollar which boasts a population of (85/2) and a price tag over $15K.</p><p><br /></p><p>The price is driven by the number of examples extant in that condition.&nbsp; Now I will grant you that you are much more likely to find some of these high grade coins not yet certified for many modern coins, but don&#039;t think that you are going to find hundreds or thousands of MS68 business strike coins for any series, date, or mintmark.&nbsp; It simply isn&#039;t going to happen and those coins are always going to be conditional rarities.[/QUOTE]</p><p><br /></p>

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