Post by cd_god on Apr 8, 2015 19:19:08 GMT -8
In the coin collecting community there is what is known as "conditional rarity"
There may be millions of a coin minted but many were spent and worn down. The best of the best are rarely found.
Compared to watches the common mall store ones are worn but the "collector" aka JDM models or limited edition models are always treasured and preserved.
Unlike watches there is a record kept as to how many of a certain coin for each year and mint were made.
So let's compare the 62MAS Seiko diver to the 1915 Barber half dollar.
There were 138,00 1915 Barber half dollars minted only one year and at one mint facility in 1915.
The 62MAS was made for 3 years 1965-1967 (36 possible months) with no known records to this date (for all Seiko models) of how many of each movement/case combo were made each month.
So based on the Seiko 7 digit serial numbering system of that time the first number is the year and the next is the month and the last 5 numbers (10 X 10 X 10 X 10 X 10) is 100,000 per month possible. That's 3.6 million possible 62MAS out there.
Anywho the 1915 Barber half, as rare as it looks on paper, is not all that scarce to find on EBAY at any given time although most are heavily worn and were not preserved as many of the original Seikos we now love were destined for Asian markets where they were worn / beaten daily the same as the 1915 half dollar was spent daily at the time.
Coins can't be "restored" by an expert like watches can. Once you spit on a coin no matter how "new" it looks at wipe it off with your shirt it is now worth 50% of before you spit on it because you have now "cleaned" it and have hairlines on it.
You spit on you watch to "clean" the crystal (I do it many times a day) no harm no foul.
So back to conditional rarity.
Evan beat to crap 62MAS watches still command $300. Near mint are maybe $900. NOS is maybe $1500 (realistically not that one douche that wants $5K on Ebay)
The 1915 Barber half can range from $40 to $20K.
The spread does not seem proportional.
There are several price guides published monthly including at least 25 different values for each coin based on condition for coin values.
There is no watch price guide only what someone will pay on EBAY which is skewed by shill bidders.
So for watch pricing do you base it on:
The original number made available (unknown unless it is a modern numbered LE)?
The number left today (unknown and the number listed for sale do not represent the keepers in personal collections)?
Are there more coin collectors than watch collectors?
Are there more people who wanted a 62MAS when it came out in 1965 and couldn't own one as a child (who would now be 65 years old ) than someone born in 1900 who wanted a 1915 half dollar as a child (who would now be 110 years old )?
As an aside coin collecting is known as the "Hobby of Kings" while watch collecting is known as "owning more than 1 watch to make sure you wake up in time to get your shitty job on time and can make a run for the exit at 5PM (unless you are betting on Cooter)
And I missed out on this one which had 15 minuted left when I started this post and missed out on while proof reading
www.ebay.com/itm/1915-BARBER-HALF-DOLLAR-FINAL-YEAR-ISSUE-KEY-DATE-NICE-GOOD-COIN-/361259086221?pt=LH_DefaultDomain_0&autorefresh=true&hash=item541cb8318d&nma=true&si=juiJh9qK1yZS%252FzG0fcBFDrFwKrc%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
There may be millions of a coin minted but many were spent and worn down. The best of the best are rarely found.
Compared to watches the common mall store ones are worn but the "collector" aka JDM models or limited edition models are always treasured and preserved.
Unlike watches there is a record kept as to how many of a certain coin for each year and mint were made.
So let's compare the 62MAS Seiko diver to the 1915 Barber half dollar.
There were 138,00 1915 Barber half dollars minted only one year and at one mint facility in 1915.
The 62MAS was made for 3 years 1965-1967 (36 possible months) with no known records to this date (for all Seiko models) of how many of each movement/case combo were made each month.
So based on the Seiko 7 digit serial numbering system of that time the first number is the year and the next is the month and the last 5 numbers (10 X 10 X 10 X 10 X 10) is 100,000 per month possible. That's 3.6 million possible 62MAS out there.
Anywho the 1915 Barber half, as rare as it looks on paper, is not all that scarce to find on EBAY at any given time although most are heavily worn and were not preserved as many of the original Seikos we now love were destined for Asian markets where they were worn / beaten daily the same as the 1915 half dollar was spent daily at the time.
Coins can't be "restored" by an expert like watches can. Once you spit on a coin no matter how "new" it looks at wipe it off with your shirt it is now worth 50% of before you spit on it because you have now "cleaned" it and have hairlines on it.
You spit on you watch to "clean" the crystal (I do it many times a day) no harm no foul.
So back to conditional rarity.
Evan beat to crap 62MAS watches still command $300. Near mint are maybe $900. NOS is maybe $1500 (realistically not that one douche that wants $5K on Ebay)
The 1915 Barber half can range from $40 to $20K.
The spread does not seem proportional.
There are several price guides published monthly including at least 25 different values for each coin based on condition for coin values.
There is no watch price guide only what someone will pay on EBAY which is skewed by shill bidders.
So for watch pricing do you base it on:
The original number made available (unknown unless it is a modern numbered LE)?
The number left today (unknown and the number listed for sale do not represent the keepers in personal collections)?
Are there more coin collectors than watch collectors?
Are there more people who wanted a 62MAS when it came out in 1965 and couldn't own one as a child (who would now be 65 years old ) than someone born in 1900 who wanted a 1915 half dollar as a child (who would now be 110 years old )?
As an aside coin collecting is known as the "Hobby of Kings" while watch collecting is known as "owning more than 1 watch to make sure you wake up in time to get your shitty job on time and can make a run for the exit at 5PM (unless you are betting on Cooter)
And I missed out on this one which had 15 minuted left when I started this post and missed out on while proof reading
www.ebay.com/itm/1915-BARBER-HALF-DOLLAR-FINAL-YEAR-ISSUE-KEY-DATE-NICE-GOOD-COIN-/361259086221?pt=LH_DefaultDomain_0&autorefresh=true&hash=item541cb8318d&nma=true&si=juiJh9qK1yZS%252FzG0fcBFDrFwKrc%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557