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Rarity Value for a 1787 Fugio Cent, Variety 4-E
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<p>[QUOTE="messydesk, post: 25376724, member: 1765"]Exactly why the URS scale is useless. It tells you nothing about the context of the rarity number. Although didn't CWT collectors corrupt the scale with R-9?</p><p><br /></p><p>By date and mint, no Morgan or Peace dollars are rare. As a percentage of the entire mintage of the series, the 93-S is somewhat a needle-in-the-haystack coin, but the marketplace has fairly efficiently separated the needles from the haystacks. The rarity scale was used for varieties, but the numbers were always estimates at the time of cataloging, and you can't unprint a book. Combine that with the fact that the adaptation of the scale wasn't particularly good and you have R-5 on that scale being the baseline for the average variety. There are some varieties known today to be legitimate R-7 and R-8 coins on a scale that makes sense, where R-1 is the number made by the typical die pair with the populations decaying exponentially down to R-8 being unique or nearly so. The text descriptions of what the R numbers mean provides the context that gives meaning to the numbers. That meaning is gone from the URS scale.[/QUOTE]</p><p><br /></p>
[QUOTE="messydesk, post: 25376724, member: 1765"]Exactly why the URS scale is useless. It tells you nothing about the context of the rarity number. Although didn't CWT collectors corrupt the scale with R-9? By date and mint, no Morgan or Peace dollars are rare. As a percentage of the entire mintage of the series, the 93-S is somewhat a needle-in-the-haystack coin, but the marketplace has fairly efficiently separated the needles from the haystacks. The rarity scale was used for varieties, but the numbers were always estimates at the time of cataloging, and you can't unprint a book. Combine that with the fact that the adaptation of the scale wasn't particularly good and you have R-5 on that scale being the baseline for the average variety. There are some varieties known today to be legitimate R-7 and R-8 coins on a scale that makes sense, where R-1 is the number made by the typical die pair with the populations decaying exponentially down to R-8 being unique or nearly so. The text descriptions of what the R numbers mean provides the context that gives meaning to the numbers. That meaning is gone from the URS scale.[/QUOTE]
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Rarity Value for a 1787 Fugio Cent, Variety 4-E
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