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<p>[QUOTE="GDJMSP, post: 661507, member: 112"]It is that simple Dru, popularity is everything. I will agree that if a coin is popular and rare then the price goes up even more. So yes, rarity can have a bearing on price.</p><p><br /></p><p>But as I mentioned already, there are lots, and I mean lots, of coins out there where the entire mintage of the coin is under 50 coins. Some are even into the teens. Now a coin with a total mintage of 17 coins could be said to be rare by the very definition of the word. But since nobody wants them because they are not poular - the coins are dirt cheap. So rather obviously rarity by and of itself is not enough to make coins expensive. </p><p><br /></p><p>You can take rarity away and still have a coin be expensive. But you cannot take popularity away and still have a coin be expensive.</p><p><br /></p><p>In fact, rarity can often be the downfall of a coin. For if they are so rare that there is not enough of them to go around then the coins will never appreciate in value. There has to be enough of the coins available to make a market in the coin or else it just fizzles, never becomes popular, and thus never becomes expensive.</p><p><br /></p><p>Think of the expensive coins in any of the US series, the keys. They are not even close to rare by any stretch of the imagination. But they are extremely popular. And because they are popular they are very expensive.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 661507, member: 112"]It is that simple Dru, popularity is everything. I will agree that if a coin is popular and rare then the price goes up even more. So yes, rarity can have a bearing on price. But as I mentioned already, there are lots, and I mean lots, of coins out there where the entire mintage of the coin is under 50 coins. Some are even into the teens. Now a coin with a total mintage of 17 coins could be said to be rare by the very definition of the word. But since nobody wants them because they are not poular - the coins are dirt cheap. So rather obviously rarity by and of itself is not enough to make coins expensive. You can take rarity away and still have a coin be expensive. But you cannot take popularity away and still have a coin be expensive. In fact, rarity can often be the downfall of a coin. For if they are so rare that there is not enough of them to go around then the coins will never appreciate in value. There has to be enough of the coins available to make a market in the coin or else it just fizzles, never becomes popular, and thus never becomes expensive. Think of the expensive coins in any of the US series, the keys. They are not even close to rare by any stretch of the imagination. But they are extremely popular. And because they are popular they are very expensive.[/QUOTE]
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