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RIC claims it's common; it isn't
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<p>[QUOTE="Terence Cheesman, post: 3470024, member: 86498"]I cannot comment as much on the Faustina II but I can comment on the Valerian I. Most of the modern on-line search engines are based on auction results. The problem with coins of rather low intrinsic value is that they generally do not show up in auctions and if they do are often grouped in bulk lots. As an example CNG charges the consignor a basic fee of $40. Than means if a coin on their E auction estimated at $100 goes for its opening bid of $60, the consignor gets $20 for his coin. So needless to say most consignors will not put coins in that they think will make less than $100 to $200. So needless to say there will be a lot of coins not showing up using these search engines. Another factor is that most of these search engines cover a rather short period of time. Most start sometime between 1998 to 2000. Even the largest Coin Archives and AC Search are somewhat limited, as neither really cover fixed price offering or E Bay.</p><p> In regard to the older copies of RIC and their rarity guides. They can be cranky but generally speaking what would be considered common might today be considered perhaps scarce. What these individuals would do is visit the major numismatic holdings in Europe and if they were really adventurous North America look through these holdings and basically count up the coins. When the found that a particular coin was represented in most of the collections it would be labeled common. Some of the collections are truly massive, taking hundreds of years to put together. I remember looking at one volume of the SNG France and noting that about 20 % were coins that I had never even seen before.[/QUOTE]</p><p><br /></p>
[QUOTE="Terence Cheesman, post: 3470024, member: 86498"]I cannot comment as much on the Faustina II but I can comment on the Valerian I. Most of the modern on-line search engines are based on auction results. The problem with coins of rather low intrinsic value is that they generally do not show up in auctions and if they do are often grouped in bulk lots. As an example CNG charges the consignor a basic fee of $40. Than means if a coin on their E auction estimated at $100 goes for its opening bid of $60, the consignor gets $20 for his coin. So needless to say most consignors will not put coins in that they think will make less than $100 to $200. So needless to say there will be a lot of coins not showing up using these search engines. Another factor is that most of these search engines cover a rather short period of time. Most start sometime between 1998 to 2000. Even the largest Coin Archives and AC Search are somewhat limited, as neither really cover fixed price offering or E Bay. In regard to the older copies of RIC and their rarity guides. They can be cranky but generally speaking what would be considered common might today be considered perhaps scarce. What these individuals would do is visit the major numismatic holdings in Europe and if they were really adventurous North America look through these holdings and basically count up the coins. When the found that a particular coin was represented in most of the collections it would be labeled common. Some of the collections are truly massive, taking hundreds of years to put together. I remember looking at one volume of the SNG France and noting that about 20 % were coins that I had never even seen before.[/QUOTE]
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RIC claims it's common; it isn't
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