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<p>[QUOTE=&quot;medoraman, post: 1665190, member: 26302&quot;]I would key has nothing to do with supply. Supply can be a few or millions and still be key. Key to any series is simply the coin whose demand most exceeds supply. </p><p><br /></p><p>Couple of examples. There are many dates of seated liberty halves where they struck 10,000 or fewer coins per year. However, there are even scarcer dates in the series so these are not key coins. Take a series like Mercury dimes where most years they struck them in the millions and the 264k mintage for the 16d is relatively low, but still 26 times or more than those SL halves. The difference? Since there are so many mercuries around, there are many more collectors. Therefor the DEMAND for a 16 d is way more than 26 times greater than for those low mintage SL halves.</p><p><br /></p><p>Its all about DEMAND. Supply literally can be 1 or 10 million coins, and it can still be labeled the &quot;key&quot;.[/QUOTE]</p><p><br /></p>

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