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<p>[QUOTE="National dealer, post: 12857, member: 487"]Well as many of you know, I try to make others think about what they believe, and this is no exception. </p><p>I am very familiar with what constitutes condition rarity. Each series and coin within the series will have condition rarities. Whether that grade is high or low, will not change that fact. </p><p>Many early coppers do not reach the mega grades, yet a mint state 60 will be a condition rarity. </p><p><br /></p><p>My thought in beginning this thread is to inspire the members here to question their own beliefs. Why do we think that something is rare or key. </p><p><br /></p><p>It has been my impression that most collectors equate value with rarity. GDJMSP makes several good points about this. The two often do not equal. Mintage will not always guarantee rarity. There are a few Morgan dollars with mintages of a few hundred thousand that are considered by all to be common date coins. </p><p><br /></p><p>When it comes to graded coins, the new coins are being struck much better than in years past, so the availability of MS-65 is now common. As GDJMSP points out, the ultra grades are still more of a oddity than the norm. </p><p>This is why it is so important to understand how each coin and series is graded. One short fall of the grading books. We can not judge an 1891-O Morgan with the same standards as a 1921-P. Each coin must be graded by that coin. Not some standard. Factors such as strike are different from coin to coin. As each planchet is turned into a coin, the dies wear. </p><p><br /></p><p>Now I want all of you to understand that as a dealer, my view of coins will slightly differ than most collectors. As the availability of dealer networks and a working history with dealers, I have more ready access to a wide range of coins. So what may take a collector weeks to find, I can find in a few hours. </p><p><br /></p><p>I hope that I have made a few of you re-consider the way you look at rarity or keys. Numbers are just numbers, and values are just values. It takes more than one or the other to deem rare. Numismatics as a whole is an ever changing arena. We are but a small part in the history, and it is our understanding and willingness to pass the information along that will make it more enjoyable for all involved for many years to come.[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 12857, member: 487"]Well as many of you know, I try to make others think about what they believe, and this is no exception. I am very familiar with what constitutes condition rarity. Each series and coin within the series will have condition rarities. Whether that grade is high or low, will not change that fact. Many early coppers do not reach the mega grades, yet a mint state 60 will be a condition rarity. My thought in beginning this thread is to inspire the members here to question their own beliefs. Why do we think that something is rare or key. It has been my impression that most collectors equate value with rarity. GDJMSP makes several good points about this. The two often do not equal. Mintage will not always guarantee rarity. There are a few Morgan dollars with mintages of a few hundred thousand that are considered by all to be common date coins. When it comes to graded coins, the new coins are being struck much better than in years past, so the availability of MS-65 is now common. As GDJMSP points out, the ultra grades are still more of a oddity than the norm. This is why it is so important to understand how each coin and series is graded. One short fall of the grading books. We can not judge an 1891-O Morgan with the same standards as a 1921-P. Each coin must be graded by that coin. Not some standard. Factors such as strike are different from coin to coin. As each planchet is turned into a coin, the dies wear. Now I want all of you to understand that as a dealer, my view of coins will slightly differ than most collectors. As the availability of dealer networks and a working history with dealers, I have more ready access to a wide range of coins. So what may take a collector weeks to find, I can find in a few hours. I hope that I have made a few of you re-consider the way you look at rarity or keys. Numbers are just numbers, and values are just values. It takes more than one or the other to deem rare. Numismatics as a whole is an ever changing arena. We are but a small part in the history, and it is our understanding and willingness to pass the information along that will make it more enjoyable for all involved for many years to come.[/QUOTE]
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