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Why are certain extremely rare coins cheap? ... (gold libertads and possibly others)
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<p>[QUOTE="Numismat, post: 1331957, member: 15019"]Hey Smitty,</p><p>With key dates and high values, there is a huge difference between modern and older coins. With moderns, like these Libertads, it's a matter of condition rarity rather than general rarity. This is why the slabbed PF68+ coins command a premium, as you and jjack mentioned.</p><p>As for Pandas, they are Chinese coins. All Chinese coins are going for big money now-a-days compared to their counterparts from elsewhere. The Chinese are collecting like never before. And, with 1.3+ billion population the demand is HUGE.</p><p>Personally I ask myself one thing when considering rarity: Can I find it?</p><p>A great example is the 1895 Puerto Rico peso. Original mintage 8.5 million pieces.</p><p>Most of the time I see them for sale they are described as "rare". But if you looked for a circulated example, you find several to chose from at any given time. For this coin people mistake value for rarity. If all it takes to own a coin is being able to afford it, then it's not rare by any means.</p><p>Now an all original AU or better example of this coin is a different story. =)[/QUOTE]</p><p><br /></p>
[QUOTE="Numismat, post: 1331957, member: 15019"]Hey Smitty, With key dates and high values, there is a huge difference between modern and older coins. With moderns, like these Libertads, it's a matter of condition rarity rather than general rarity. This is why the slabbed PF68+ coins command a premium, as you and jjack mentioned. As for Pandas, they are Chinese coins. All Chinese coins are going for big money now-a-days compared to their counterparts from elsewhere. The Chinese are collecting like never before. And, with 1.3+ billion population the demand is HUGE. Personally I ask myself one thing when considering rarity: Can I find it? A great example is the 1895 Puerto Rico peso. Original mintage 8.5 million pieces. Most of the time I see them for sale they are described as "rare". But if you looked for a circulated example, you find several to chose from at any given time. For this coin people mistake value for rarity. If all it takes to own a coin is being able to afford it, then it's not rare by any means. Now an all original AU or better example of this coin is a different story. =)[/QUOTE]
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Why are certain extremely rare coins cheap? ... (gold libertads and possibly others)
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