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preference: decrepit great rarity or EF common coin?
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<p>[QUOTE="Roman Collector, post: 8194054, member: 75937"]For my specialty collection, I care less about grade than I do about completeness, and I recognize an opportunity cost that comes from being a condition crank. I consider it wasteful to pay a huge premium for a high-grade example; the money necessary to choose an EF example over a gF could have been used to buy other coins.</p><p><br /></p><p>These are common coins. I'm not only perfectly happy with them for about a $100 each, I'm hundreds of dollars richer for not seeking chEF examples of them.</p><p><br /></p><p>[ATTACH=full]1435111[/ATTACH]</p><p> [ATTACH=full]1435117[/ATTACH]</p><p><br /></p><p>The money I've saved by not seeking high-grade examples allows me to purchase other coins when the opportunity arises. A condition crank would say I've picked up some real dogs along the way. But when your goal is completeness and coins are extremely rare, you take what you can get.</p><p><br /></p><p>This is the only known example of this coin.</p><p><br /></p><p>[ATTACH=full]1435119[/ATTACH]</p><p><br /></p><p>There are only two known examples of this coin. [USER=96898]@Orielensis[/USER] owns the other one.</p><p><br /></p><p><img src="https://www.cointalk.com/attachments/faustina-sr-avgvsta-s-c-vesta-standing-as-veiled-jpg.1399577/" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>There are three known examples of this one.</p><p><br /></p><p><img src="https://www.cointalk.com/attachments/faustina-jr-salvti-avgvstae-s-c-standing-dupondius-jpg.1208021/" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>There are four known examples of this one. [USER=85693]@Marsyas Mike[/USER] has one of them, too.</p><p><br /></p><p>[ATTACH=full]1435118[/ATTACH]</p><p><br /></p><p>There are five known examples of this one.</p><p><br /></p><p><img src="https://www.cointalk.com/attachments/faustina-sr-pietas-avgvsti-temple-denarius-jpg.1380942/" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>I could show lots of other coins from my specialty collection that are known from fewer than ten specimens, but you get the picture.</p><p><br /></p><p>How do I acquire all these rare coins? Because OVERALL, Faustina I and II coins are EXTREMELY COMMON and most people don't want 500 Faustina coins in their collection and one will do. So, they choose one in a slab with the magic letters "MS" or "EF" on it. It's good for me that 99+% of collectors turn up their noses at coins like this ...</p><p><br /></p><p>[ATTACH=full]1435123[/ATTACH]</p><p><br /></p><p>... without recognizing it's one of the rarest coins ever produced for Faustina I.</p><p><br /></p><p>But because only a few collectors actually want one, RARE DOES NOT MEAN EXPENSIVE.[/QUOTE]</p><p><br /></p>
[QUOTE="Roman Collector, post: 8194054, member: 75937"]For my specialty collection, I care less about grade than I do about completeness, and I recognize an opportunity cost that comes from being a condition crank. I consider it wasteful to pay a huge premium for a high-grade example; the money necessary to choose an EF example over a gF could have been used to buy other coins. These are common coins. I'm not only perfectly happy with them for about a $100 each, I'm hundreds of dollars richer for not seeking chEF examples of them. [ATTACH=full]1435111[/ATTACH] [ATTACH=full]1435117[/ATTACH] The money I've saved by not seeking high-grade examples allows me to purchase other coins when the opportunity arises. A condition crank would say I've picked up some real dogs along the way. But when your goal is completeness and coins are extremely rare, you take what you can get. This is the only known example of this coin. [ATTACH=full]1435119[/ATTACH] There are only two known examples of this coin. [USER=96898]@Orielensis[/USER] owns the other one. [IMG]https://www.cointalk.com/attachments/faustina-sr-avgvsta-s-c-vesta-standing-as-veiled-jpg.1399577/[/IMG] There are three known examples of this one. [IMG]https://www.cointalk.com/attachments/faustina-jr-salvti-avgvstae-s-c-standing-dupondius-jpg.1208021/[/IMG] There are four known examples of this one. [USER=85693]@Marsyas Mike[/USER] has one of them, too. [ATTACH=full]1435118[/ATTACH] There are five known examples of this one. [IMG]https://www.cointalk.com/attachments/faustina-sr-pietas-avgvsti-temple-denarius-jpg.1380942/[/IMG] I could show lots of other coins from my specialty collection that are known from fewer than ten specimens, but you get the picture. How do I acquire all these rare coins? Because OVERALL, Faustina I and II coins are EXTREMELY COMMON and most people don't want 500 Faustina coins in their collection and one will do. So, they choose one in a slab with the magic letters "MS" or "EF" on it. It's good for me that 99+% of collectors turn up their noses at coins like this ... [ATTACH=full]1435123[/ATTACH] ... without recognizing it's one of the rarest coins ever produced for Faustina I. But because only a few collectors actually want one, RARE DOES NOT MEAN EXPENSIVE.[/QUOTE]
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preference: decrepit great rarity or EF common coin?
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