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<p>[QUOTE="GDJMSP, post: 2498274, member: 112"]Everybody's gonna have different taste, as well as different priorities when it comes to what makes a coin important, or unimportant, to them. So as has been echoed several times already there is no right or wrong to it when it comes to conditional rarity and absolute rarity.</p><p><br /></p><p>Where I typically see people make mistakes is when they consider something as being rare when it isn't. And yeah that goes for conditional and absolute rarity both. Absolute rarity is kinda hard to argue with, except when it comes to the definition of what qualifies as rare. I've seen people call coins rare when there's over a thousand of them, others when there's over a hundred. In neither of those cases would I consider the coin rare, but I'll definitely agree people have different ideas on the subject and there is no given number as to what defines rare carved in stone someplace.</p><p><br /></p><p>With conditional rarity, depending on what the coin is of course, even a top pop should not be considered as "rare" to my mind. And that's because there may be quite a few more of them out there that just haven't seen a grader's desk yet. And this is not just true with moderns, it's especially common with many world coins that far pre-date any US coin. But because a TPG has said it's XX they consider the coin rare. Now in some cases it may actually be rare, but in a whole lot of other cases it won't be at all. And to know which is which a collector must have sufficient knowledge about the coins he's collecting. And that's usually when he gets into trouble.</p><p><br /></p><p>Even with US coins conditional rarity and absolute rarity can easily, and quite does, come into play when varieties are involved - or errors. What may be thought of as rare one day a few months or even a few years later suddenly isn't. </p><p><br /></p><p>Bottom line you gotta know your subject matter before you go calling a coin rare and scarce, and even semi-scarce. And you have gotta know the difference between them. What you think of as scarce or rare may be thought of as being quite common to somebody else, and maybe a whole lot of somebody elses. So before you go paying premiums, you better know what you're doing.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2498274, member: 112"]Everybody's gonna have different taste, as well as different priorities when it comes to what makes a coin important, or unimportant, to them. So as has been echoed several times already there is no right or wrong to it when it comes to conditional rarity and absolute rarity. Where I typically see people make mistakes is when they consider something as being rare when it isn't. And yeah that goes for conditional and absolute rarity both. Absolute rarity is kinda hard to argue with, except when it comes to the definition of what qualifies as rare. I've seen people call coins rare when there's over a thousand of them, others when there's over a hundred. In neither of those cases would I consider the coin rare, but I'll definitely agree people have different ideas on the subject and there is no given number as to what defines rare carved in stone someplace. With conditional rarity, depending on what the coin is of course, even a top pop should not be considered as "rare" to my mind. And that's because there may be quite a few more of them out there that just haven't seen a grader's desk yet. And this is not just true with moderns, it's especially common with many world coins that far pre-date any US coin. But because a TPG has said it's XX they consider the coin rare. Now in some cases it may actually be rare, but in a whole lot of other cases it won't be at all. And to know which is which a collector must have sufficient knowledge about the coins he's collecting. And that's usually when he gets into trouble. Even with US coins conditional rarity and absolute rarity can easily, and quite does, come into play when varieties are involved - or errors. What may be thought of as rare one day a few months or even a few years later suddenly isn't. Bottom line you gotta know your subject matter before you go calling a coin rare and scarce, and even semi-scarce. And you have gotta know the difference between them. What you think of as scarce or rare may be thought of as being quite common to somebody else, and maybe a whole lot of somebody elses. So before you go paying premiums, you better know what you're doing.[/QUOTE]
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