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Explain scarcity to the new but ambitious coin collector.

MGLICKERMGLICKER Posts: 7,995 ✭✭✭
in U.S. Coin Forum
Certainly subject to individual interpretation. Give it your best shot.

Comments

  • BustHalfBrianBustHalfBrian Posts: 4,190 ✭✭✭✭
    scar·ci·ty
    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
    Lurking and learning since 2010. Full-time professional numismatist based in SoCal.
  • shorecollshorecoll Posts: 5,447 ✭✭✭✭✭
    If you can go to any major coin show and buy 100 of them, it isn't scarce no matter who tells you otherwise. image
    ANA-LM, NBS, EAC
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    An overused term of expression. image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>Google is your friend >>



    Of course they are, but I believe that scarcity in numismatics requires a narrower definition.
  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    A scarce coin is more readily available than a rare coin
  • 291fifth291fifth Posts: 24,597 ✭✭✭✭✭
    If it is US and made after 1933 it isn't scarce.
    All glory is fleeting.
  • winkywinky Posts: 1,671 ✭
    Scarce is available everywhere, Rare is a 1 and 0 coin.
  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭


    << <i>If it is US and made after 1933 it isn't scarce. >>



    Wrong!!!!!!
  • 291fifth291fifth Posts: 24,597 ✭✭✭✭✭


    << <i>

    << <i>If it is US and made after 1933 it isn't scarce. >>



    Wrong!!!!!! >>



    Explain why.
    All glory is fleeting.
  • BustHalfBrianBustHalfBrian Posts: 4,190 ✭✭✭✭


    << <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? image
    Lurking and learning since 2010. Full-time professional numismatist based in SoCal.
  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭


    << <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.
  • cladkingcladking Posts: 28,704 ✭✭✭✭✭
    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.
    Tempus fugit.
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    If you can easily find a nice one, it ain't scarce.

    Liberty: Parent of Science & Industry

  • 291fifth291fifth Posts: 24,597 ✭✭✭✭✭
    If all it takes is money, it isn't scarce.
    All glory is fleeting.
  • ms70ms70 Posts: 13,956 ✭✭✭✭✭
    Scared city is a place like Detroit or Newark where... OH! Sorry, you said SCARCITY.

    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.

  • StaircoinsStaircoins Posts: 2,577 ✭✭✭
    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?!? image



  • hchcoinhchcoin Posts: 4,836 ✭✭✭✭✭


    << <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?!? image >>



    That data is insightful.
  • yosclimberyosclimber Posts: 5,000 ✭✭✭✭✭
    Like any item in economics, scarcity means there are not enough of them for everyone to have as many as they want.
    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.
  • veryfineveryfine Posts: 1,763 ✭✭✭


    << <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?
  • lunytune2lunytune2 Posts: 1,077 ✭✭✭
    An item is scarce or rare if it CAN'T BE FOUND on EBay !
  • BAJJERFANBAJJERFAN Posts: 31,236 ✭✭✭✭✭


    << <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.
    theknowitalltroll;
  • lasvegasteddylasvegasteddy Posts: 10,410 ✭✭✭


    << <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 image

    here is a current one of those that should drop some jaws...ebay #271682611288
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


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