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<p>[QUOTE="brg5658, post: 1759760, member: 29751"]In my opinion, rarity is independent of how much it cost for an example. The '09-S VDB cent is not rare at all, regardless of how much an example costs. ANY coin show will have multiple examples for sale and, likely, an example or two in decently high MS grade. The fact that it will cost you a few thousand dollars to purchase in MS grade doesn't mean it's rare, it simply means it is expensive.</p><p> </p><p>Conversely, truly rare coins are not necessarily expensive. I define rarity based on how easy or difficult it is to find an example at a "usual" coin show or something of the sorts. I have dozens of non-USA coins with mintages less than or around 1,000 pieces. These are coins that, until recently with the ability to find them online, I would have never seen at coin shows. But, their scarceness alone doesn't make them expensive. </p><p> </p><p>People too often equate the concepts of rarity and price. RARITY is the supply-side of a coin (how many coins there are to go around). POPULARITY (or number of collectors seeking an example) is the demand-side of a coin. Price is a combination of both ingredients: if supply is low, and demand is high, then the price will be commensurately high. </p><p> </p><p>Remember, price is a combination of BOTH issues, not equal to RARITY. In the case of the '09-S VDB, the popularity is disproportionately high pushing up the price, but if you have the $$$ you can easily find a coin. By contrast, for a truly rare coin, all examples may be tucked away in collections and off the market, and no amount of money will make the <u>mintage</u> increase. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="brg5658, post: 1759760, member: 29751"]In my opinion, rarity is independent of how much it cost for an example. The '09-S VDB cent is not rare at all, regardless of how much an example costs. ANY coin show will have multiple examples for sale and, likely, an example or two in decently high MS grade. The fact that it will cost you a few thousand dollars to purchase in MS grade doesn't mean it's rare, it simply means it is expensive. Conversely, truly rare coins are not necessarily expensive. I define rarity based on how easy or difficult it is to find an example at a "usual" coin show or something of the sorts. I have dozens of non-USA coins with mintages less than or around 1,000 pieces. These are coins that, until recently with the ability to find them online, I would have never seen at coin shows. But, their scarceness alone doesn't make them expensive. People too often equate the concepts of rarity and price. RARITY is the supply-side of a coin (how many coins there are to go around). POPULARITY (or number of collectors seeking an example) is the demand-side of a coin. Price is a combination of both ingredients: if supply is low, and demand is high, then the price will be commensurately high. Remember, price is a combination of BOTH issues, not equal to RARITY. In the case of the '09-S VDB, the popularity is disproportionately high pushing up the price, but if you have the $$$ you can easily find a coin. By contrast, for a truly rare coin, all examples may be tucked away in collections and off the market, and no amount of money will make the [U]mintage[/U] increase. ;)[/QUOTE]
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