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Explain scarcity to the new but ambitious coin collector.
MGLICKER
Posts: 7,995 ✭✭✭
Certainly subject to individual interpretation. Give it your best shot.
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ˈskersədē/
noun
the state of being scarce or in short supply; shortage.
"a time of scarcity"
synonyms: shortage, dearth, lack, want, undersupply, insufficiency, paucity, scarceness, scantness, scantiness, meagerness, sparseness, poverty; More
antonyms: abundance, excess, surplus
Google is your friend
<< <i>Google is your friend >>
Of course they are, but I believe that scarcity in numismatics requires a narrower definition.
<< <i>If it is US and made after 1933 it isn't scarce. >>
Wrong!!!!!!
<< <i>
<< <i>If it is US and made after 1933 it isn't scarce. >>
Wrong!!!!!! >>
Explain why.
<< <i>
<< <i>
<< <i>If it is US and made after 1933 it isn't scarce. >>
Wrong!!!!!! >>
Explain why. >>
A 1934-S dollar in MS isnt scarce? A 1945 FB dime isn't scarce? A 1975 No S dime isn't scarce?
<< <i>
<< <i>
<< <i>If it is US and made after 1933 it isn't scarce. >>
Wrong!!!!!! >>
Explain why. >>
I collect unique major modern mint errors.
All are scarce and most are extremely rare.
It doesn't matter if there's one or one million of something.
If demand is greater than supply it's "scarce", otherwise it is not.
Liberty: Parent of Science & Industry
That's when there's not a lot of a particular coin due to rarity or hording from popularity and you might have a hard time finding one for yourself...
Great transactions with oih82w8, JasonGaming, Moose1913.
"Rare" Items in eBay: Paper Money, US = 2,967
"Scarce" Items in eBay: Paper Money, US = 668
"Common" Items in eBay: Paper Money, US = 3
So it's perfectly clear that ...
Scarce items are rarer than Rare items, but it's only Common items that are TRULY rare!
Got that?!?
<< <i>A few months back someone on the Currency board inquired about "Rare, Scarce, and Common" items. To shed a bit of light on the topic, I analyzed the eBay US Paper Money category search results, and found the following ...
"Rare" Items in eBay: Paper Money, US = 2,967
"Scarce" Items in eBay: Paper Money, US = 668
"Common" Items in eBay: Paper Money, US = 3
So it's perfectly clear that ...
Scarce items are rarer than Rare items, but it's only Common items that are TRULY rare!
Got that?!?
That data is insightful.
So the price will rise to a level where the people that want it the most will buy it,
and people who do not want it as much don't buy it.
<< <i>Simple enough.
It doesn't matter if there's one or one million of something.
If demand is greater than supply it's "scarce", otherwise it is not. >>
This is so true.
What else needs to be said?
<< <i>An item is scarce or rare if it CAN'T BE FOUND on EBay ! >>
This could be sort of true, but the way eBay treats sellers it makes one wonder if eBay becomes more of a last resort thing for sellers as opposed to a first option.
<< <i>An item is scarce or rare if it CAN'T BE FOUND on EBay ! >>
alot of scarce and rare coins get listed on ebay
my jaw has dropped more then once seeing what mike byers list's up on his ebay store
here is a current one of those that should drop some jaws...ebay #271682611288