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<p>[QUOTE=&quot;Vess1, post: 3787060, member: 13650&quot;]He does explain it at the beginning.&nbsp; He says its a &quot;conditional rarity&quot;.&nbsp;&nbsp; This should happen less with pennies as typically billions are minted.&nbsp; &nbsp; Idk why it sold THAT high and I agree it seems to be over graded.&nbsp; But typically the reason some of these conditional rarities go so high is because the top grading companies such as PCGS and NGC have these online sections called registry sets.&nbsp; &nbsp;&nbsp; You can stick to denominations or do varying type sets and compete...key word &quot;compete&quot; with other collectors.&nbsp;&nbsp; They assign points to coins in the sets based on rarity.&nbsp;&nbsp; </p><p>&nbsp; So say you just bought a common cheap 1979 Lincoln cent in a pcgs slab that was graded a MS65.&nbsp;&nbsp; With its mintage figures there should be thousands of them.&nbsp; Maybe hundreds of thousands.&nbsp; So in a MS65 RD it may only be worth a measely 50 points to their registry set so thats not a desirable one.&nbsp;&nbsp; Cleaned details graded coins arent worth many points either.&nbsp;&nbsp; </p><p>&nbsp; But, a MS68 RD may be a conditional rarity.&nbsp; There may only be 8 graded that high.&nbsp; Eventually there will be one that is one in a billion graded MS69RD as an example.&nbsp; &nbsp; Maybe itll be one of a kind.&nbsp; That one might be worth 20k registry points.&nbsp; The same coin can also be used in multiple registry sets online.&nbsp; </p><p>&nbsp; I have a set at NGC.&nbsp; NGC gives out varying awards for certain criteria annually.&nbsp; You also get to look at other peoples sets in the registry.&nbsp; I finally got mine in the top 100 so I was happy.&nbsp; Its just a challenge and basically about prestige.&nbsp; NGC&nbsp; offers some small prizes at the top.&nbsp; I like it but its not for everybody.&nbsp; &nbsp; Obviously you have to be fairly wealthy to compete for first.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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