Scarce vs. Rare

Discussion in 'Coin Chat' started by JCro57, Nov 22, 2018.

  1. halfcent1793

    halfcent1793 Well-Known Member

    Of course. That doesn't change my meaning, however, that scarcity and rarity are context-dependent.
     
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  3. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    It's simple. If you are referring to scarce and rare as rarity scale descriptors, it means whatever the author of the scale intended.

    If you are using the words to describe a coin generally, rarity is the amount extant (lower amount increases rarity). Scarcity is the amount extant relative to collector demand (higher demand increases scarcity). You can have a coin that is scarce but not rare (plentiful but highly sought out by collectors), a coin that is rare but not scarce (very few exist but nobody collects), a coin that is both scarce and rare (very few and highly prized), and a coin that is neither (cheap common coin).
     
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