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<p>[QUOTE="dougsmit, post: 2080083, member: 19463"]It means when the editors of the standard catalogs surveyed large public collections inside their circle of friends, they found that exact type in almost every one (C4). just a few (R3) or only one (R5). It is quite possible that the same coin with a dot extra or missing might be C instead of R and also possible that the only 20 of the coins in existence were shared inside their circle so everyone got one making the coin C even though no one else has ever seen one. It is a guide worshiped only by beginners and dealers who think they can convince someone to pay a higher price for a coin based on the Rarity scale. Most people wish we did not have to answer this question every week but it is important for all to know that rarity is not anything approaching the importance that mintage figures are in modern coins (even those have limits of value). The important feature is how much demand is there for a specific coin compared to how many people would be equally happy with another, similar or more interesting type.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2080083, member: 19463"]It means when the editors of the standard catalogs surveyed large public collections inside their circle of friends, they found that exact type in almost every one (C4). just a few (R3) or only one (R5). It is quite possible that the same coin with a dot extra or missing might be C instead of R and also possible that the only 20 of the coins in existence were shared inside their circle so everyone got one making the coin C even though no one else has ever seen one. It is a guide worshiped only by beginners and dealers who think they can convince someone to pay a higher price for a coin based on the Rarity scale. Most people wish we did not have to answer this question every week but it is important for all to know that rarity is not anything approaching the importance that mintage figures are in modern coins (even those have limits of value). The important feature is how much demand is there for a specific coin compared to how many people would be equally happy with another, similar or more interesting type.[/QUOTE]
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