Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
RIC Rarity index
>
Reply to Thread
Message:
<p>[QUOTE="dougsmit, post: 3143241, member: 19463"]RIC never intended to be a record of all coins. The authors surveyed a specific group of large, mostly public collections and recorded how many had a coin. When they say a coin is R5, they found it in only one of the 50 or so places they looked. If it was a C, they found it in most of the collections. Not every volume used the same parameters. That is one thing you must accept about RIC. Every author did his volume HIS way and made no effort to be consistent with the way others did theirs. I doubt the authors ever dreamed non-professional collectors would abuse their rarity ratings the way they have. I was once shown five coins in one hand that were all the same R5. That probably means that they came from a hoard that was not distributed among big museums. This can work the other way, too. Imagine there is a hoard that contains 50 examples of a coin previously not recorded and it was studied by the British Museum a hundred years ago. Many smaller museums in their circle would ask for a coin since they did not have it. As a result, there were only 50 of the coins in existence but all went to the collections that were later surveyed for RIC ratings so the coin would show as Common. Collectors would wonder why they never could find this common coin. As I understand the matter, there are several types known solely from one find. Again, imagine someone found a mint sack of 5000 identical denarii lost on its way to pay some troops. If the bag was found in 1700 and entered the coin market, we may now see it as common but another bag with another type was never lost long ago so the coins were distributed and many used up by time. Modern collectors have statistics on how many coins were made but that figure is never known for ancients. If they made a million and a million rotted in the ground, the mintage may as well been zero. If they made 5000 for a special purpose but all survived by some stroke of luck, the coin is common but all may be sitting in some museum basement so it may as well be super rare. There are too many factors that play for us to understand the matter. This happened in a smaller way to US collectors a few decades back when they released some bags of old dollars that had been on the bottom of the stack in some vault. One (was it 1904O?) went overnight from very rare to very common and every coin was uncirculated. What is found and what is done with finds make all the difference in ancient 'rarities'. How many were made is not significant.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3143241, member: 19463"]RIC never intended to be a record of all coins. The authors surveyed a specific group of large, mostly public collections and recorded how many had a coin. When they say a coin is R5, they found it in only one of the 50 or so places they looked. If it was a C, they found it in most of the collections. Not every volume used the same parameters. That is one thing you must accept about RIC. Every author did his volume HIS way and made no effort to be consistent with the way others did theirs. I doubt the authors ever dreamed non-professional collectors would abuse their rarity ratings the way they have. I was once shown five coins in one hand that were all the same R5. That probably means that they came from a hoard that was not distributed among big museums. This can work the other way, too. Imagine there is a hoard that contains 50 examples of a coin previously not recorded and it was studied by the British Museum a hundred years ago. Many smaller museums in their circle would ask for a coin since they did not have it. As a result, there were only 50 of the coins in existence but all went to the collections that were later surveyed for RIC ratings so the coin would show as Common. Collectors would wonder why they never could find this common coin. As I understand the matter, there are several types known solely from one find. Again, imagine someone found a mint sack of 5000 identical denarii lost on its way to pay some troops. If the bag was found in 1700 and entered the coin market, we may now see it as common but another bag with another type was never lost long ago so the coins were distributed and many used up by time. Modern collectors have statistics on how many coins were made but that figure is never known for ancients. If they made a million and a million rotted in the ground, the mintage may as well been zero. If they made 5000 for a special purpose but all survived by some stroke of luck, the coin is common but all may be sitting in some museum basement so it may as well be super rare. There are too many factors that play for us to understand the matter. This happened in a smaller way to US collectors a few decades back when they released some bags of old dollars that had been on the bottom of the stack in some vault. One (was it 1904O?) went overnight from very rare to very common and every coin was uncirculated. What is found and what is done with finds make all the difference in ancient 'rarities'. How many were made is not significant.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
RIC Rarity index
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...