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<p>[QUOTE=&quot;geekpryde, post: 1938585, member: 36248&quot;]I love this part.&nbsp; &nbsp; Having spent years on financial blogs, forums, and reading every book I could find on Efficient Market Hypothesis (EMH)&nbsp; / Efficient Market Theory (EMT), I understand this concept well, but since Coins are a hobby to me, I haven&#039;t really thought of the &quot;Coin Market&quot; the same way I think of &quot;Mr. Market&quot; (allegory created by investor Benjamin Graham).&nbsp; I should have connected the two long ago, but then again I am not trying to make money in coins, just trying to purchase smartly.&nbsp; When I was checking for my rarest coin, it was purely out of curiosity.&nbsp; &nbsp; But you are correct, PCGS rarity scale is potentially flawed in many ways, and possibly should be totally ignored as you state.&nbsp;&nbsp; </p><p><br /></p><p>A quick summary of EMT:&nbsp; </p><p><br /></p><p><br /></p><p><br /></p><p>So, if I replace <i>&quot;stock market&quot; </i>with <i>&quot;rare coin market&quot;, </i>lets see what we have:</p><p><br /></p><p><br /></p><p><br /></p><p>So, in this sense, my rarest coin would be my most valuable coin, after perhaps accounting for base-metal value.&nbsp; &nbsp;&nbsp; The coin market factors things in such as current popularity, absolute rarity, conditional rarity, toning premium, and many other factors.</p><p><br /></p><p>So, my rarest coin that I own according to ECMT would be my 1853 HALF DOLLAR - SEATED LIBERTY, ARROWS &amp; RAYS PCGS MS 40 ARROWS &amp; RAYS, CAC.[/QUOTE]</p><p><br /></p>

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