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Sniped Again! There goes my S-143
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<p>[QUOTE="Conder101, post: 1083094, member: 66"]I have some Conder tokens that would be R-6 or better, up to two R-8's. In the US I have a lot of R-5+ and R-5's (45 of them) but only two R-6's. In the large cents except for the NC's there aren't very many R-6 coins left. Most of them have been reduced to R-5+ or R-5. My two R-6's are a 1797 S-121a and an 1802 NC-2. There are about 20 of each of them known now.</p><p><br /></p><p><br /></p><p>No the scale is right, the 1856 FE cent, SVDB, and a 2005-D cent would all be considered R-1 very common, in fact the SVDB and 2005-D cents would be R-1-. Do not confuse value with rarity, the two are only very loosely connected. Value is strongly connected to demand. Take the SVDB, this is truly a very common coin. If you want one you can pick up a coin magazine, call up a dealer, go to ebay, and have several to choose from. Go to even a small coin show and you will probably find several of them. Go to a LARGE show and you could probably put together a a few rolls of them. I seriously believe that if price was not a concern you could probably assemble a bag of them in a month. That's a 5000 coin bag. It's common. But there are a LOT of collectors of Lincoln cents and everyone wants one. That means a high demand and therefor a high price for a common coin. The 1856 FE cent is much rarer than the SVDB, but it is still relatively available. You probably won't find one at a small show, but you might find a dozen at a large one. They come up for auction all the time. But even though it IS much rarer than the SVDB it doesn't sell for a multiple equal to that rarity. Why? Because there is a much smaller collector base that wants one or needs one for their collection. That lower demand keeps the price from skyrocketing. </p><p><br /></p><p>Now the high rarity large cents that we talk about are just that, rare. But the number of collectors that are chasing them is actually very small. The number of SERIOUS collectors of early date large cents by variety probably numbers around 200 people (out of maybe 600 or so total early date collectors). This is why an R-4 coin with 200 known really doesn't bring much if any premium. There are enough of them available for everyone who really wants one to have it, and they show up often enough that you don't have to bid high on one because another WILL come along. In any case it is demand not rarity that drives the value.</p><p><br /></p><p>After you have collected early date large cents for awhile though rarity starts to make a difference to you. Whenever I have to choose between several coins, I will tend to rank rarity higher than condition or value. I will buy a lower grade rarer coin over a higher grade more common piece if the prices are the same or close. After all I will have more chances at the common coin again. I may never see the rare one again.</p><p><br /></p><p>If you really want a rarity scale that will separate coins like the three you mention into different rarity levels do a google search for Universal Rarity Scale (URS). It provides a LOT more levels[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1083094, member: 66"]I have some Conder tokens that would be R-6 or better, up to two R-8's. In the US I have a lot of R-5+ and R-5's (45 of them) but only two R-6's. In the large cents except for the NC's there aren't very many R-6 coins left. Most of them have been reduced to R-5+ or R-5. My two R-6's are a 1797 S-121a and an 1802 NC-2. There are about 20 of each of them known now. No the scale is right, the 1856 FE cent, SVDB, and a 2005-D cent would all be considered R-1 very common, in fact the SVDB and 2005-D cents would be R-1-. Do not confuse value with rarity, the two are only very loosely connected. Value is strongly connected to demand. Take the SVDB, this is truly a very common coin. If you want one you can pick up a coin magazine, call up a dealer, go to ebay, and have several to choose from. Go to even a small coin show and you will probably find several of them. Go to a LARGE show and you could probably put together a a few rolls of them. I seriously believe that if price was not a concern you could probably assemble a bag of them in a month. That's a 5000 coin bag. It's common. But there are a LOT of collectors of Lincoln cents and everyone wants one. That means a high demand and therefor a high price for a common coin. The 1856 FE cent is much rarer than the SVDB, but it is still relatively available. You probably won't find one at a small show, but you might find a dozen at a large one. They come up for auction all the time. But even though it IS much rarer than the SVDB it doesn't sell for a multiple equal to that rarity. Why? Because there is a much smaller collector base that wants one or needs one for their collection. That lower demand keeps the price from skyrocketing. Now the high rarity large cents that we talk about are just that, rare. But the number of collectors that are chasing them is actually very small. The number of SERIOUS collectors of early date large cents by variety probably numbers around 200 people (out of maybe 600 or so total early date collectors). This is why an R-4 coin with 200 known really doesn't bring much if any premium. There are enough of them available for everyone who really wants one to have it, and they show up often enough that you don't have to bid high on one because another WILL come along. In any case it is demand not rarity that drives the value. After you have collected early date large cents for awhile though rarity starts to make a difference to you. Whenever I have to choose between several coins, I will tend to rank rarity higher than condition or value. I will buy a lower grade rarer coin over a higher grade more common piece if the prices are the same or close. After all I will have more chances at the common coin again. I may never see the rare one again. If you really want a rarity scale that will separate coins like the three you mention into different rarity levels do a google search for Universal Rarity Scale (URS). It provides a LOT more levels[/QUOTE]
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