I think it's true that a rare coin will always be rare, while a common coin will always be common

Longacre

In March of 2004, I bought a fairly rare gold coin with a "higher graded poplulation" of only 5 coins (between PCGS and NGC). I sold it around 6 months later (I didn't really like the coin and I changed my collecting interest), and I covered the 15% auction fee, and made around a 10% profit beyond that. (I know, it doesn't sound like much, but for a hack like me, I thought I was the cat's meow). I recently checked the prices on my other coins that are a lot more common and the prices don't seem to have moved as much (as a relative percentage). Maybe I just got lucky (I probably did, actually), but I think there is truth to the adage "a rare coin will always be rare, while a common coin will always be common."

CUEBALL

I think that's something we all forget all to often.Quality and rarity cost.

atarian

i dont think we will see a $1 million dollar 1902 indian head anytime in our lifetime. ( yet i can be wrong)

RYK

The corollary to the rule is that there is no such thing as a rare Morgan.

coynclecter

The rule is not that hard and fast. A lot of the coins that we call rare today were rather common in the 60s and 70s, particularly the Walkers, Morgans, buffalos and mercurys. It does however happen that although common coins can become a little less common and sometimes even a little rare, rare coins almost always become rarer.

PutTogether

With certain exceptions (a certain O mint morgan comes to mind) thats absolutely true.

ColonialCoinUnion

Yes. But that is only a part of what determines their value. And all of us can think of many common coins that are worth more than other rarer ones.

Is rarer a word?

nwcs

All it takes to make a common coin rare is a variety or somesuch that gets people excited.

meos1

Hoard discoveries have a way of tearing down rare coins pricing in some instances.

Dan

100proof1957

For the most part,the statement is true.

How rare is a a 1957 Linky in 68 CAM Proof ?

How many more are gonna be made in my lifetime ?

Not too damm many i suppose !

Stuart

The 1903-O Morgan Dollar is an example of a coin that was extremely rare prior to a number of them being
discovered in the U.S. Treasury vaults in the 1960's...

They are now quite affordable even in MS-65 grade.

FullStepJeffs

I understand what you're saying, however I disagree.

There are numerous examples of "comon coins" that are big ticket items... the question is... what is your definition of a big ticket?

To me, a big ticket coin is any coin over $5,000 because I'll probably never be able to afford such a coin, thereby, it's moon money to me.

I'd be very interested in knowing just how many members here can afford buying a 1 million coin more than once.

Peaceman

Rarity means nothing without demand.....

100proof1957

million dollar coin ?



Divide that by a bunch and im there !

PutTogether

<< <i>

I'd be very interested in knowing just how many members here can afford buying a 1 million coin more than once. >>



without thinking TOO long, I can think of two right off the top of my head. You'd be surprised.