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In Just How Many Ways Can you Describe the Rarity of a Coin...??
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<p>[QUOTE="JCro57, post: 3445873, member: 92083"]Adjectives mean nothing to collectors unless they are official grades, like extremely fine or very good. All the "verys" in front of a word do nothing for me.</p><p><br /></p><p>Then there's the whole "scarce" vs. "rare" thing.</p><p><br /></p><p>Normally, "rare" means there are fewer known than "scarce" in numismatics. How strong demand is for a date or series is not factored in. Then there are rarity scales, but those are kind of useless as are population reports. Why? They don't factor in people resubmitting coins.</p><p><br /></p><p>And in Economics, "scarce" means there are more people looking for an item than there are items available, so here demand kicks in. "Rare" means there aren't many available, but if there are only 3 total items and only one person wants one, despite being rare the item is not scarce.</p><p><br /></p><p>So, it depends in what context you are using it.</p><p><br /></p><p>~Joe C.[/QUOTE]</p><p><br /></p>
[QUOTE="JCro57, post: 3445873, member: 92083"]Adjectives mean nothing to collectors unless they are official grades, like extremely fine or very good. All the "verys" in front of a word do nothing for me. Then there's the whole "scarce" vs. "rare" thing. Normally, "rare" means there are fewer known than "scarce" in numismatics. How strong demand is for a date or series is not factored in. Then there are rarity scales, but those are kind of useless as are population reports. Why? They don't factor in people resubmitting coins. And in Economics, "scarce" means there are more people looking for an item than there are items available, so here demand kicks in. "Rare" means there aren't many available, but if there are only 3 total items and only one person wants one, despite being rare the item is not scarce. So, it depends in what context you are using it. ~Joe C.[/QUOTE]
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