![]() ![]() The population information is even important for those collecting low-ball (the lowest grade possible) sets. Without population reports, collectors would be in the dark about the possibilities in their series. Collectors compete to assemble the finest sets possible. Registry Set collecting has become extremely popular for nearly every series of United States coinage. Specialists of this series would find this information extremely important. The population of certified examples jumped considerably, and prices fell as well. In the last couple of years, two original rolls of 1909-S VDB cents were discovered and certified. Population reports can also jump widely when a large hoard or group is discovered. Regardless, it is quite evident that not ALL tag inserts have been returned to the grading services. This was met with considerable peer pressure, and eventually the tags were returned. The individuals did not return the tags because they wanted to be the only ones who knew the true rarity of certain coins. Years ago, one or two coin dealers kept tags for important coins they had resubmitted on multiple occasions. Many dealers and collectors are just too lazy to send back the tags others have more nefarious reasons. They have even offered rewards for tags to be turned in, recognizing that the accuracy of the reports is vital to many collectors. ![]() When this happens, grading services are unable to adjust the population information. Unfortunately, when many coins are removed from their holders for resubmission or other reasons, the inserts are not always returned. The grading services make a huge effort to ensure the accuracy of population reports. One of the most important things to consider when using population reports is that the information is not always accurate. The population reports are vital information, but there are nuances that should be considered when using them. Most collectors and dealers refer to this information whenever they make a purchase. This has created one of the most important tools in numismatic history. Over the past three decades, a large majority of rare coins have been certified. Grading companies keep track of every coin they grade, and publish this information for collectors and dealers. One of the side benefits of third-party grading has been the creation of population reports. Third-party grading led to an explosion in the hobby, and has revolutionized numismatics. When third-party grading started, everyone was excited to have the grading issue finally addressed. The basis for collecting rare coins has much to do with rarity and availability. The same can be said for many common date United States gold coins. Thirty years ago, a Gem common date Morgan silver dollar was much more valuable than it is today. The opposite was the case for many issues that we now know to be much more common than previously thought. A great example of this was the many branch mint gold coins that are unknown in mint condition. Many, if not all, price guides 30 years ago listed prices for coins in grades that did not exist. ![]()
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